REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS
OrbiMed, an investment management firm focused on the healthcare sector, launched a new venture capital fund, Caduceus Private Investments IV, LP, with $550m in limited partner commitments. Approximately 80% of the new vehicle’s capital is from returning investors, including some of the largest pension plans, endowments, foundations, and sovereign funds globally. Consistent with its predecessors, […]
Private equity firm Global Environment Fund (GEF) completed an investment of $30m in UPC Renewables China Holdings Ltd. (UPC), an independent renewable energy producer with specific focus in wind energy development. UPC Renewables China Holdings was founded by UPC Group, which focuses on wind and solar energy production. To date, UPC Group, which was formed […]
Seahorse Bioscience, Inc., a Billerica, MA-based company focused on enhancing drug discovery efforts in cancer and aging, has closed a $5m Series D financing round. Investors in round included Commonwealth Capital Ventures, FLIR Systems Inc, Rock Maple Ventures, Life Sciences Partners, Oxford Bioscience Partners, Healthcare Ventures, New Science Ventures and HLM Venture Partners. The proceeds […]
VMOps, a Cupertino, CA-based company which develops software that allows enterprises and service providers to build Infrastructure as a Service (IaaS) clouds, has secured $8.8m of an $11m Series B equity financing round. New Investor Index Partners joins existing backers Redpoint Ventures and Nexus Venture Partners. The new funds will be used to accelerate VMOps’s […]
Ambir Technology Group Inc., a Saint John, Canada-based information and communication technology (ICT) consulting and application development outsourcing company, has received a $333,000 contribution from the National Research Council of Canada Industrial Research Assistance Program. The company, which is a full service consulting firm that assists organizations with IT solutions from concept to implementation, will […]
Within the framework of the UK Innovation Investment Fund (UKIIF), the UK Government launched a new £200m fund of funds, which will invest in start-ups and fast growing businesses in the ICT, advanced manufacturing and life sciences sectors. The UK Future Technology Fund (UK FTF LP) will be managed by the European Investment Fund (EIF), […]
PrismTech, a Dunfermline, UK-based advenaced communications software developer, has secured £1.5m in financing from Maven Capital Partners, which manages the government-backed Capital for Enterprise (CfE) Fund. The company, which provides solutions for international customers in Software Defined Radio (SDR), Telecommunications and Data Communications, Defense and Aerospace, Financial Services, SCADA and Utilities Systems, will use the […]
GreenRoad, a Redwood Shores, Calif.-based provider of a driving behavior improvement service, has secured $10m in equity financing from the Generation IM Climate Solutions Fund, LP. The funds will be used to accelerate the deployment of the company’s proprietary technology-based service, GreenRoad 360, among existing and new customers. GreenRoad 360 provides drivers and fleet managers […]
Kevin Rappleye, a 24-year banking veteran, has joined the Citizens Bank of Northern California as Senior Vice President and SBA Government Guaranteed Business Development Officer. Mr. Rappleye, whose career includes 20 years of specializing in government-guaranteed lending, will be central to the Bank’s expanded commitment to SBA lending. Founded in February 1995, Citizens Bank, headquartered […]
The European Bank for Reconstruction and Development (EBRD) is providing a $25m loan to UniCredit Leasing Ukraine to support Ukraine’s banking and SME sectors. The loan, which is a part of the $125m financing package for the UniCredit Group in Ukraine approved by the EBRD in 2009, acknowledges the importance of leasing as an alternative […]
Vook, a developer of a publishing tool that provides publishers with the ability to produce high quality mixed media e-book titles, has secured $2.5m in seed funding. The investment was made by a syndicate of Silicon Valley technology and New York media investors, including Ron Conway, Kenneth Lerer, chairman of the Huffington Post, Maples Investments, […]
Moonshoot, a Palo Alto,CA-based startup whose mission is teaching English to children globally through an online gaming experience, has raised a total of $6.6M in venture capital funding. The round was led by Alsop Louie Partners and TL Ventures. In conjunction with the financing, Gilman Louie of Alsop Louie Partners and Anthony Chang of TL […]
The European Investment Fund (EIF) and A.T.I. Fidi. Gar. have signed a counter-guarantee agreement for €280m under the Competitiveness and Innovation Framework Programme (CIP) providing enhanced access to finance for small and medium sized businesses (SMEs) in Italy. The contract provides cover to A.T.I. Fidi. Gar. for new guarantees up to €560m on working capital and […]
Parallels, a global provider of cloud services enablement, has received an undisclosed minority investment from emerging markets private equity specialist Siguler Guff &Company. The round, which was conducted by Siguler Guff’s Russian investment arm, Russia Partners, included global venture capital firm Bessemer Venture Partners. Parallels provides automation and virtualization solutions that enable cloud services providers […]
Muzicall, a London, UK-based specialist ringback tone service provider, has received €2.1m in venture capital financing from new investors Ventech. This additional investment, which comes four months the closing of its €9m second round of fundraising, will enable the company to accelerate its plans to further expand in Europe. Commenting on the funding, Patrick Allainguillaume, […]