This morning First Read brings you the latest happenings in IT infrastructure, an analysis of activity within listed private equity funds and CalPERS is advertising for its vacant CIO position.
1 min read · 12 June 2014
Declara has raised additional Series A financing with $9 million in backing from Singapore’s EDBI and Linden Venture Fund. Declara is a technology company for personalized learning.
2 min read · 11 June 2014
Fortress Investment Group has agreed to sell its remaining stake in GAGFAH. Fortress’s private equity business formed GAGFAH in 2004 through a series of acquisitions and has built the company into a listed owner-operators of residential real estate in Germany.
3 min read · 11 June 2014
Procore Technologies has closed $15 million in a series D funding from Bessemer Venture Partners. As part of the funding, BVP partner, Brian Feinstein, will join Procore’s board of directors.
3 min read · 11 June 2014
PolyPlexx, a South Charleston-based polymers company, has raised an additional $937,000 in early stage funding. Technology commercialization and investment group Crimson Hill led the investment with co-investments from the West Virginia Jobs Investment Trust and the INNOVA Commercialization Group.
3 min read · 11 June 2014
Washio, an app for on-demand dry cleaning and laundry has closed a $10.5 million Series A investment led by Canaan Partners. Existing investors Pejman Mar Ventures, Yahoo co-founder Jerry Yang, Sherpa Ventures, A Grade Investments, Troy Carter and others also participated.
2 min read · 11 June 2014
The Halifax Group has acquired United States Environmental Services. USES is a provider of non-discretionary environmental and industrial services. Terms of the acquisition were not disclosed.
3 min read · 11 June 2014
Light has raised a $9.7 million Series A. The investment was co-led by Bessemer Venture Partners and CRV. Light is a team of creative technologists working on the art and science of photography.
3 min read · 11 June 2014
AUA Private Equity Partners has acquired Blue Star Media in partnership with Brian Crosby and Sanjay Syal, the company’s founder. Headquartered in Minneapolis, Minnesota, Blue Star is an event, media, and entertainment company specializing in consumer expos, events, and national touring shows and exhibits.
3 min read · 11 June 2014
Polaris Private Equity is divesting IT security and infrastructure business AddPro AB to European private equity firm Perusa. Polaris acquired a majority shareholding in Swedish AddPro in 2005.
2 min read · 11 June 2014
