REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS
Refinery29, a NYC-based digital lifestyle media company, raised $50m in Series D funding. Backers included Scripps Networks Interactive and WPP, via WPP Ventures. In conjunction with the funding, Scripps Networks Interactive’s Chief Development Officer Joseph NeCastro will join Refinery29’s Board of Directors, along with a representative from WPP Ventures. The company, which has raised $80m […]
DuPont (NYSE: DD), a Wilmington, Del.-based science-based products and services company, is to acquire Taxon Biosciences, Inc., a Tiburon, Calif.-based microbiome discovery company. The financial terms of the agreement, which is expected to close in the second quarter, were not disclosed. Founded in 2000 by Matt Ashby and Jasper Rine and led by Glenn Nedwin, chief executive officer and president, Taxon Biosciences […]
ClassPass, a NYC-based fitness membership platform, acquired San Francisco-based fitness platform fitmob. The amount of the transaction was not disclosed. This acquisition aims to create a large network of studios and gyms available to consumers for a fixed monthly price. As part of the deal, fitmob’s co-founders Raj Kapoor and Paul Twohey along with other fitmob […]
Key Capital, a Milan, Italy-based venture incubator, finalized its first exit selling its shareholding in CheckBonus. The acquirer was Custodi di Successo, the network of business angels which had already invested in the company in July 2014 (read here). The amount of the transaction was not disclosed but the exit translated into roughly 2.5x on Key Capital […]
SensorSuite Inc., a Toronto, ON, Canada-based Internet of Things (IoT) company, closed a funding round of undisclosed amount. Backers included Extreme Venture Partners, BDC Capital, and private angels. The company intends to use the funds to support growth plans for its project pipeline and develop its monitoring and energy management platform. Led by Robert Platek, […]
CoContest, the interior design marketplace that connects designers and customers from all over the world, has been selected to participate in 500 Startups‘ Batch 13 in Mountain View. Co-founded in Rome, Italy, by Filippo Schiano di Pepe, Federico Schiano di Pepe and Alessandro Rossi, the company applies the “contest” method allowing customers to select the best […]
smava, a Berlin, Germany-based loan platform, raised $16m in funding. The round was led by Phenomen Ventures, with participation from existing investors Earlybird Ventures and Neuhaus Partners. In conjunction with the funding, Igal Weinstein, General Partner of Phenomen Ventures, will join smava’s Advisory Board. The company intends to use the funds to accelerate growth, further […]
Oxford University Press (OUP), the operator of Oxford Dictionaries and the renowned Oxford English Dictionary, acquired the online language portal bab.la, a Hamburg, Germany-based operator of a multilingual dictionary and translation website. The amount of the deal was not disclosed. The sellers were High-Tech Gründerfonds (HTGF), Mountain Partners and Berlin Venture Partners. Led by Patrick Uecker, Managing Director, bab.la […]
Box (NYSE: BOX), a Los Altos, CA-based cloud-storage company, has teamed up with Bessemer Venture Partners and Emergence Capital to support enterprise software companies that are leveraging its platform. Under the terms of the deal, Bessemer and Emergence Capital have committed up to $20m each. Founded in 2005 by Aaron Levie, Box is an enterprise […]
PEP-Therapy, a Paris, France-based biotechnology company developing targeted therapies for cancer treatments, raised €1.3m in funding. Backers included the Quadrivium 1 seed fund managed by Seventure Partners, for €1m, supplemented by a personal investment of €300k from Dr Bernard Majoie, former Chairman and CEO of Laboratoires Fournier and Founding Chairman of Fondation Fournier-Majoie pour l’Innovation […]
Predixion Software, a Aliso Viejo, CA-based developer of cloud-based predictive analytics (PA) software, raised its Series D funding round. The amount of the investment was not disclosed. The round was led by Software AG with participation from GE Software Ventures and other unnamed existing financial and strategic investors. The company intends to use the funds to […]
TPG Growth, a San Francisco, CA-based middle market and growth equity investment firm, closed its latest fund at $3 billion. TPG Growth III has a diverse investor base consisting of public and private pension funds, foundations and endowments, insurance companies, and high net worth individuals. Led by Bill McGlashan, Founder and Managing Partner, TPG Growth is dedicated […]
Toronto, Canada-based Whitecap Venture Partners has held the first close of its third venture capital fund at $70m. LPs in the new fund include Kensington Venture Fund, Bank of Montreal (BMO), and several high net-worth families. Whitecap III, which aims to hold the final close at $80 to $100m, is a diversified early stage (Series […]
CompareAsiaGroup, a Hong Kong-based financial comparison platform, raised $40m in Series A funding. The round was led by Goldman Sachs Investment Partners with participation from Nova Founders Capital, Jardine Pacific, Ace & Company, Route 66 Ventures, Mark Pincus, and Owen Van Natta. As part of the funding round, Goldman Sachs Investment Partners will join the Board of […]
Neuronetics, Inc., a Malvern, PA-based provider of transcranial magnetic stimulation (TMS) technology, completed its $34m Series F financing. Backers included GE Ventures, as well as its original investors. The company intends to use the funds to expand its commercial resources and to fund a new registration study that will investigate the use of NeuroStar TMS Therapy® […]