Last year, 118 tech-based companies in Greater Cleveland raised $259 million from venture capitalists and angel investors, according to the region's Venture Capital Advisory Task Force. This was a 15 percent percent increase over the amount attracted in 2012.
3 min read · 11 February 2014
Capillary Technologies, a provider of Intelligent CRM solutions has secured backing from American Express Ventures. The new investor has joined Sequoia Capital, Norwest Venture Partners and Qualcomm Ventures.
2 min read · 11 February 2014
nCino has received a $10 million investment from Wellington Management Company. This will help accelerate nCino’s growth into the community bank and credit union markets.
2 min read · 11 February 2014
This morning there is fund news aplenty with KKR pulling two of its retail vehicles, Austin Ventures in talks about its new fund and Vortus in the market with a maiden offering.
1 min read · 11 February 2014
This week there are analyst positions at Caltius Equity Partners and Fortress Investment Group and associate positions at Hamilton Lane and Sopris Capital.
1 min read · 10 February 2014
Battery Ventures has purchased a controlling stake in Data Physics Corp, a technology company in San Jose, Calif. that designs and manufactures high performance test-and-measurement solutions for noise and vibration applications. Terms of the transaction were not disclosed.
3 min read · 10 February 2014
Software business CloudOne has secured a $2.8 million round of Series C financing led by San Diego-based Bootstrap Venture Fund. The proceeds of the investment will be used to further accelerate growth through sales and marketing, customer service and account management.
3 min read · 10 February 2014
Kidd & Co-backed Imaginetics has promoted Scott Strong to chief executive officer and Pat Prince to chief operating officer, effective immediately. Imaginetics is a manufacturer of precision metal components and assemblies for the aerospace industry.
2 min read · 10 February 2014
Consumer healthcare company First Aid Shot Therapy has completed a Series B financing round. Sofinnova Ventures and Redmile Group co-led the round with additional support from investors including Sofinnova HealthQuest, Clearwell Group and Mark Rampolla, founder and former CEO of ZICO Beverages, maker of ZICO Pure Premium Coconut Water.
5 min read · 10 February 2014
HgCapital has partnered with the founder management of Relay Software. Relay is a provider of software to insurance brokers, underwriters and insurers in the Republic of Ireland. Terms of the transaction were not disclosed.
3 min read · 10 February 2014
