REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS
NexPlanar Corporation, a Hillsboro, Oregon-based developer of innovative chemical mechanical planarization (CMP) pads for the semiconductor device industry, has received $3.5m in venture debt financing from ATEL Ventures. The financing will be used for capacity expansion to support increased customer demand. The company is venture-backed by BlueRun Ventures, InterWest Partners, SmartForest Ventures, Fina Ventures, Intel […]
U-Systems, Inc., a Sunnyvale, CA-based designer, manufacturer and supplier of automated breast ultrasound systems aimed at assisting healthcare providers in the early detection of breast cancer, completed a $10m funding round led by iD SoftCapital Group. Other participants in the financing include existing investors Sycamore Ventures, Lumira Capital, Radius Ventures and PIIH. This funding will […]
Intel Capital, the investment arm of Intel Corporation (NASDAQ: INTC), has committed to invest US$23m in three Indian technology companies. Funding will come from the US$250m Intel Capital India Technology Fund established in December 2005 to invest in technology companies across the country. Individual investment amounts were not disclosed. Backed companies include: – July Systems, […]
The European Bank for Reconstruction and Development (EBRD) has provided Banca Intesa Beograd with a €30m credit line for on-lending to small and medium companies across Serbia. The proceeds of the loan will be used to finance the investments and working capital needs of private businesses with short, medium and longer term loans of up […]
The European Investment Fund (EIF) and the Government of Malta signed an agreement for setting up a €10m JEREMIE Holding Fund aimed at supporting small and medium sized enterprises (SMEs) across the country. The Joint European Resources for Micro to Medium Enterprises initiative, known as JEREMIE, aims to facilitate access to finance for SMEs in […]
The European Investment Bank (EIB) is providing two loans totalling €50m to support small and medium sized projects in Slovenia. The loans, which will co-finance projects promoted by SMEs and priority investments of public authorities in particular energy and environment infrastructure, include: – €25m to Banka Celje d.d. and – €25m to Gorenjska banka d.d. […]
Finance in Motion GmbH, a Frankfurt/Main, Germany-based asset management firm exclusively focused on development finance, has received a minority investment from the Apax Foundation, the charity of global private equity firm Apax Partners. The Apax Foundation purchased a 20% stake in Finance in Motion through a capital increase. The deal will allow the asset management […]
Genomatica, a San Diego, CA-based company developing innovative technologies to transform chemical production processes through bio-manufacturing, has raised $15m as initial close of its Series C funding. The round was led by TPG Biotech, with participation from existing investors Mohr Davidow Ventures, Alloy Ventures and Draper Fisher Jurvetson. The new funds allows the company to […]
Avatar Reality, Inc., the creator of the multiplayer online virtual world platform Blue Mars, has raised an additional $4.2m from the company’s founder Henk Rogers and Kolohala Ventures. To date, the Honolulu, HI-based company has raised more than $13m. Developed and launched in 2009, Blue Mars is a 3D virtual world platform which enables artists, […]
Venn Life Sciences, a Dublin, Ireland-based provider of clinical trial services to companies in the pharmaceutical, biotechnology and medical device sectors, has completed an over $3m funding round from a group of private investors. The new funds will enable the company to further accelerate the growth of its business through acquisitions, organic growth and preferred […]
Grid Net, a San Francisco, California-based developer of real-time Smart Grid and Smart Home software platforms for utilities, their partners and their customers, has received an undisclosed equity investment from Cisco. The company will use the funds to promote its Smart Grid network infrastructure solutions. In particular, the financing will be used to accelerate its […]
Sandata, LLC, a Port Washington, N.Y.-based provider of information technology solutions to the home healthcare industry, has received an undisclosed minority investment from Stripes Group. In conjunction with the transaction, Ken Fox, Founder and Managing Partner of Stripes Group, will become a member of the company’s board. TD Bank has provided the company, which provides […]
AmeriVap Systems, Inc., a producer of dry vapor industrial steam cleaners secured $2.4m funding for business expansion and purchase of a new facility in Dawsonville, Georgia. The loan, made through Community Bank of Pickens County in Jasper, Georgia, is a Guaranteed Business and Industry (B&I) loan from USDA Rural Development.The B&I loan allows USDA Rural […]
Reverse Logistics Co., an Indian technology enabled end-to-end reverse supply chain solutions company, raised an undisclosed sum in its first round of venture funding from Reliance Venture Asset Management. Participants in the round include Kleiner Perkins Caufield & Byers and Sherpalo Ventures. For the Indian market, Reverse Logistics’ proprietary technology platform provides end-to-end data visibility […]
Capco Steel, LLC, a Providence, R.I.-based structural, miscellaneous and ornamental steel fabrication and erection company, has received $26m in financing from Webster Bank, a subsidiary of Webster Financial Corporation (NYSE: WBS). The financing package includes a $20m revolving line of credit and a $6m term loan. The $6m term loan includes a $5m bond Webster […]