REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS
The European Investment Bank (EIB) has signed an agreement with Banca Agrileasing, a member of the Istituto centrale delle Casse rurali e artigiane (ICCREA) Group, for a loan totalling €327m for Italian small and medium-sized enterprises (SMEs). Under the loan, which was set up as a structured securitisation operation via ICCREA Banca, projects of up […]
CableSense Ltd, a Lancaster, UK-based hi-tech start-up, has been awarded a £213K Grant for Research and Development by the Northwest Regional Development Agency (NWDA). The award follows a £500K equity investment the company received from North West technology investment specialists, MTI Partners, through the UMIP Premier Fund (UPF). CableSense, which has developed an innovative new […]
Beyond the Rack, a Montreal, Canada-based operator of private sale shopping club Web sites, serving members throughout the United States, Canada, and other countries around the world, closed a USD$2m equity financing. The round was led by European Internet entrepreneurs Oleg Tscheltzoff and Oliver Jung, as well as Montreal-based venture fund Montreal Start Up. The […]
Yelp, a San Francisco, CA-based operator of a Web site that connects people with local businesses, announced that private equity firm Elevation Partners has agreed to make a $25m investment in the company through the purchase of Series E preferred stock. According to a press release, Elevation Partners will also seek to increase its total […]
Microvisk Technologies Ltd, a St. Asaph Business Park, Wales-based developer of a patented technology for point-of-care monitoring of blood coagulation for patients taking the drug Warfarin, has raised £2m in a new round funding. Investors in the round include Oxford Technology Management, Finance Wales, New Hill (Boston, USA), Rainbow Seed Fund, Advantage Growth Fund and […]
The European Investment Bank (EIB) signed two loans totalling €45m in Serbia with two different local financial institutions in support of the projects of small and medium-sized enterprises (SMEs) and infrastructure schemes promoted by local authorities. The loans, designed to assist Serbia in its efforts to integrate into the European Union, include: – a €25m […]
NeoPhotonics Corporation, a developer and manufacturer of photonic integrated circuit based components, modules and subsystems for use in telecommunications networks, has received a $1m investment (in Preferred Stock) from Keating Capital, Inc. The company, which has headquarters in San Jose, California and ISO 9001:2000 certified engineering and manufacturing facilities in Silicon Valley and Shenzhen, China, […]
SongHi Entertainment Ltd., a Helsinki, Finland-based developer and distributor of advanced internet and mobile services which combine music-making and social networking, has raised an undisclosed financing from public venture-capital investor Veraventure Ltd, Optiomi Invest Ltd and a group of private investors. The company will use the proceeds to launch globally the first commercial version of […]
Alnara Pharmaceuticals, Inc., a Cambridge, Massachusetts-based pharmaceutical company developing protein therapeutics for the treatment of metabolic diseases, has secured $35m in Series B venture capital financing. The round was led by new investor MPM Capital, joined by current investors Third Rock Ventures, Frazier Healthcare and Bessemer Venture Partners. In conjunction with the investment, MPM managing […]
The Palestine Investment Fund (PIF), a publicly owned investment fund which aims to strengthen the Palestinian economy through key strategic investments, and private equity group Abraaj Capital announced the first closing at US$15m of a US$50m venture capital fund. The vehicle will focus on investing in small- and medium-sized enterprises (SMEs) across a range of […]
Axiom Asia Private Capital Management Services, L.P.,a Singapore-based firm focusing on fund investments in buyout, venture capital and growth capital opportunities in the Asia Pacific Region, announced the final closing of its second fund, Axiom Asia Private Capital Fund II, L.P. Axiom II’s total investor commitments of US$950m exceeded the initial target of US$750m. It […]
Sciences-U, a Paris, France-based company specializing in private higher education, has raised €1.5m from Xpansion, the venture capital fund managed by XAnge Private Equity Sciences-U France is a private higher education organization, hosts more than 3,400 students each year on its 4 sites (2 in Paris, Lyon and Lille): – Crespa for accounting/management and computer; […]
Citydeal.de, a Germany-based discount shopping Web site, has raised €4m (approximately $5.6m) in its first round of venture capital funding. Investors include eVenture Capital Partners, Holtzbrinck Ventures and Rocket Internet. The capital infusion will enable the company to establish its business in the rest of Europe. The business model is quite easy: the site offers […]
PhoneAndPhone, a Marne-la-Vallée, France-based Web site specializing in selling mobile phone with or without subscription, closed its €11.3m first round of funding. Investors in the round include XAnge Private Equity and Innovacom, each of which invested €5m, as well as existing investors, which committed the remainign amount of €1.3m. The funds will enable the company […]
HarQen LLC, a Milwaukee, WI-based platform developer powering asynchronous voice applications, completed its $2.7m a Series A financing. Investors in the company include Phenomenelle Angels Fund, Silicon Pastures, Golden Seeds Angel Fund, Midwest Capital Fund, Wisconsin Investment Partners and several prominent individuals. The latest investment follows a $750K Seed funding round completed in December 2007. […]