REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS
InternetCorp, a Romanian independent online media company, has received a minority investment from 3TS Cisco Growth Fund, the venture capital vehicle managed by Central and Eastern Europe investor 3TS Capital Partners. InternetCorp has a strong presence in the Business Publishing, Women’s Lifestyle and General News segments. Established in 2005, the company showed significant growth during […]
Private equity Firm Espírito Santo Capital acquired a 30% financial stake in Amal Group, the Portuguese leader on the conception, production and assembly of piping, tanks, silos, chimneys, equipments and special steel structures, mainly focused on the oil, petrochemical, paper and energy industries. The founder and main manager, Mr. Samuel Pacheco, reinforced its stake to […]
Kreatech Diagnostics, an Amsterdam, Netherlands-based biotechnology company focused on the development and commercialization of molecular diagnostics, has finalised a €2m financing round. Investors in the round include venture capital firms LSP, Alafi Capital. The funds will be used to further expand the business. Kreatech Diagnostics develops and commercializes DNA probes and nucleic acid labeling technologies […]
TriVascular, Inc., a Santa Rosa, CA-based company that develops innovative products for the treatment of cardiovascular disease, raised $30m in a Series B financing. Investors include New Enterprise Associates (NEA), Delphi Ventures, MPM Capital and Kearny Venture Partners. The funds will be used to invest in TriVascular’s operations in Sonoma County, California, as well as […]
Seedco Financial Services, Inc., a financial services organization, announced a five-year grant partnership with Goldman Sachs to support New York City Small Businesses. Within the framework of the “10,000 Small Businesses” action, Goldman Sachs’ Urban Investment Group will provide $20m in financing for underserved small businesses through Seedco Financial’s newly established “NYC Small Business Support […]
The Ben Franklin Technology Partners of Northeastern Pennsylvania (BFTP/NEP) approved the investment of $519,537 in support of four early-stage technology companies and seven established manufacturers*. BFTP/NEP is a state-funded economic development organization that connects early-stage technology firms and established companies with experts, universities, funding, and other resources to help them thrive through innovation. According to […]
Nema Labs, a Gothenburg, Sweden-based company that provides programmers with threading tools for multi-core platforms, has raised SEK5m equity financing from Chalmers Innovation Seed Fund. This investment brings the total amount raised to SEK10.5m. Investors in the company also include Volvo Technology Transfer and Innovation Bridge. Under the new CEO, Bjorn Hovstadius, the funds will […]
Frontier Bank, subsidiary of Frontier Financial Corporation (NASDAQ: FTBK) announced the opening of a new SBA Loan Department located at its headquarter in Everett, Washington. The department will focus on making U.S. Small Business Administration (SBA) 7(a) loans to eligible business and professional firms throughout Frontier Bank’s 50-branch network. 7(a) loans are SBA-guaranteed loans. Financing […]
The Taiwan External Trade Development Council (TAITRA) and Google signed a “Free Try-out Plan of Google’s Keyword Advertisements for Taiwantrade Members” to support over 6,000 small and medium-size enterprises (SMEs). According to the plan, Google will provide $6.6m worth of keyword ad spaces free of charge to Taiwan’s SMEs, assist Taiwantrade members to establish Google […]
The European Investment Fund (EIF) has agreed to commit €26.7m to a new fund managed by Stockholm, Sweden-based Karolinska Development AB and used to invest in the company’s portfolio of early-stage pharmaceutical and medical technology companies. Karolinska Development, whose mission is to turn top science from Sweden, Denmark, Norway and Finland’s universites into business, committed […]
San Jose, CA-based eBay Inc. (NASDAQ: EBAY), has completed the announced sale of the communications unit that operates Skype, the software that enables users to make low-cost calls to landlines and mobiles, in a deal valuing the business at $2.75bn. The buyer is an investor group led by Silver Lake and includes Joltid Limited and […]
Ligon Discovery, Inc., a Harvard spinout that uses proprietary small molecule microarray technology to find drugs against high-value targets, has raised $1m in seed financing. The funding was led by incTANK Ventures. The proceeds will be used to complete the company’s initial discovery campaign that will screen over 100 high-value disease protein targets. In connection […]
Chegg, Inc., the company that operates Chegg.com, a textbook rental web site, has closed a $57m Series D equity funding. The round was led by Insight Venture Partners. In addition, Insight led a syndicate that provided a $25m credit facility, which adds to the $30m in debt facility recently secured by the company from from Pinnacle Ventures […]
Wells Fargo & Company (NYSE: WFC) announced a new commercial banking group dedicated to supporting clean technology companies. Palo Alto, CA-based Wells Fargo’s National Cleantech Group will provide commercial banking products and services to businesses that manufacture, market or develop clean technologies such as solar and wind power, energy and water efficiency, electric and low-emission […]
Axxana, a provider of data protection and recovery solutions, raised $9m in its Series B financing round. The round was led by Carmel Ventures with existing investors, Gemini Israel Funds and the serial entrepreneur Moshe Yanai, also participating. According to an official statement, the funds will be used to accelerate the adoption of The Phoenix […]