Private Equity

Innovari, an Austin, Texas-based interactive energy platform developer, is launching out of stealth mode with an initial Series B round of funding. The investment from VantagePoint Capital Partner, will allow the company to engage potential strategic partners to close the growth-focused Series B funding round. Founded in 2011 and led by CEO Chris Hickman, Innovari […]

Uber, the San Francisco, CA-based on-demand ride-hailing platform, has just closed a $1.2bn financing round. The round closed at a $17bn pre-money valuation. The total raise will be about $1.4B with a second close of strategic investors soon. According to the Wall Street Journal, new investors include Fidelity Investments, Wellington Management, and BlackRock Inc., with […]

Cheetah Medical, Inc., a Newton Center, MA-based provider of non-invasive hemodynamic monitoring systems, secured an initial investment of $5m. Growth equity firm HighCape Partners provided the capital. The investment represents an extension of the previously announced $9m fundraising round, which closed in February 2014. Led by and Chris Hutchison, President and CEO, Stephen Reeders, Chairman, […]

Ikoula, a France-based cloud computing company, received a minority investment from private equity firm Ardian. The amount of the transaction, in which Ardian acquired a 20% stake in the company, was not disclosed. Ikoula intends to use the funds to accelerate its European growth strategy. Founded in 1998 by Jules-Henri Gavetti and Caroline Mertens, the […]

The Cynosure Group, a direct investment platform to source, evaluate, and manage direct private equity investments, has been launched. Based in Salt Lake City, in the historic First Security Building at 79 South Main Street, the Cynosure Group has been formed to bring together the resources of a number of family offices, including the Eccles […]

NVM Private Equity has backed the management buyout of The fresh Group, a Cheadle, UK-based full-service creative events agency with a £5.7m investment. The funding will help the existing management team to continue to build the business from both its existing client relationships, to attract new clients, and expand across a range of sectors and […]

Envy Medical, Inc., a Westlake Village CA-based provider of professional skincare products and services, secured new growth capital from HCP & Company, a middle-market private equity firm headquartered in Chicago. The amount of the deal was not disclosed. The company intends to use the funds for sales and marketing initiatives, as well as for development […]

DRB Systems, an Akron, Ohio-based provider of software solutions to the car wash industry, received a strategic investment from Prairie Capital. The amount of the transaction was not disclosed. Founded in 1984 and led by President Dale Brott, DRB provides systems including point of sale (POS) software, loyalty promotion modules, control solutions, to the car […]

Grabit, a Santa Clara, Calif.-based provider of industrial automation and material handling solutions, raised an undisclosed amount of funding. Backers included Flextronics Lab IX and Draper Nexus Ventures. The company intends to use the funds for development of electroadhesion based products for industrial robotics and warehouse logistics. Led by Charlie Duncheon, CEO and co-founder, Grabit […]

hyperWALLET Systems Inc., a Vancouver, BC, Canada-based provider of cross-border corporate payment solutions, completed a growth equity financing with Primus Capital. The amount of the transaction was not disclosed. The company intends to use the proceeds to expand sales and marketing initiatives domestically and abroad, and address additional end markets. Led by Lisa Shields, founder […]

iParadigms, an Oakland, CA-based creators of Turnitin, has reached a definitive agreement to be acquired by Insight Venture Partners and GIC, Singapore’s sovereign wealth fund. The deal, which is expected to close in the third quarter of 2014, subject to the waiting period under the HSR Act and customary closing conditions, amounted to $752m. Warburg […]

Cloud Theory, a NYC-based technology consulting firm specializing in cloud-based solutions, received a strategic investment from Blackstone (NYSE:BX). The amount of the transaction was not disclosed. The company intends to use the proceeds to expand its product offering with customized Salesforce software for alternative asset managers. Led by Brian Marchand, Chief Executive Officer, Cloud Theory […]

SwipeClock, a Salt Lake City, UT-based Software as a Service (SaaS) provider of time, attendance and workforce management software for small to mid-sized companies, received an investment from Moelis Capital Partners (MCP). The founders and management of the company have also invested along with Moelis. In conjunction with the transaction, Greg Share, a Partner at […]

PayLease, a San Diego, CA-based online payments provider for the property management and home owner association industry, received a majority equity investment from Francisco Partners. Following the transaction, whose close is still subject to customary closing conditions and whose amount was not disclosed, existing investor Mainsail Partners as well as PayLease founders and management will […]

HighWire Press, a Redwood City, California-based technology service provider to influential scholarly publishers, received a significant equity investment from Accel-KKR. The company, an auxiliary unit of Stanford University Libraries, intends to use the proceeds to further its investment in strategic initiatives and digital innovations in Internet-based publishing. The investment will enable the business (HighWire Press, […]