Scientific Revenue has closed a first round of institutional financing. The $2.5 million round was led by Walden Venture Capital and included a syndicate of strategic investors. Scientific Revenue was founded in 2013 and helps game developers and publishers increase revenue by improving the yield of paying customers.
2 min read · 30 April 2014
Aviso has secured $8 million in Series A funding. The round was led by Shasta Ventures, First Round Capital, Cowboy Ventures, Bloomberg Beta, Subrah Iyar, founder and CEO of WebEx, Roger Sippl, founder and CEO of Informix and Vantive, Dave Hersh, founding CEO of Jive Software and Ron Gill, CFO of NetSuite.
4 min read · 30 April 2014
Salvepar has backed S2A Group. The S2A Group is a multiregional French provider of home care from the voluntary sector and medical world, operating in the Pays de la Loire (Aliseo), in the Midi-Pyrénées region (Sadir Assistance) and in Haute Normandie (Adir Assistance).
2 min read · 30 April 2014
Paraag Davé, Tom Shelford and David Torbet have been appointed partners of UK-based mid-market private equity firm Bowmark Capital. At the same time senior partner, Mark Salter, joins Bowmark’s management committee alongside Kevin Grassby and Charles Ind.
3 min read · 30 April 2014
This morning read all about what's wrong with the gender and racial makeup of venture-backed companies, why it's a better time for PE firms to sell than buy and fundraising for first time fund managers falls to lowest level post financial crisis.
1 min read · 30 April 2014
Undo Software has secured a third funding round worth $1.25 million. Funds come from existing backers within the Cambridge Angels group and some new investors.
3 min read · 29 April 2014
Algal Scientific Corporation has completed a $3 million financing led by Evonik Ventures, Formation8 Partners and Independence Equity. Algal is a biotech developer and manufacturer of algae-based chemicals and a supplier of related technologies for the food and beverage industries.
3 min read · 29 April 2014
Blackstone has appointed Andrew Lapham as executive advisor to the firm in Canada. Lapham was previously a senior investment professional at Onex Corporation, headquartered in Toronto.
2 min read · 29 April 2014
Stratus Technologies, a provider of availability solutions, has been acquired by Siris Capital Group for around $352 million. Jefferies LLC served as exclusive financial advisor to Stratus and Gibson Dunn & Crutcher LLP acted as legal counsel to Stratus. Wells Fargo Securities, LLC and Macquarie Capital Inc acted as M&A advisors to Siris and Simpson Thacher & Bartlett LLP acted as legal advisor to Siris.
3 min read · 29 April 2014
Leosphere has finalized the second tranche of a 20 million euro equity transaction. The second tranche was closed with Electranova Capital, the venture capital fund managed by Idinvest Partners and sponsored by EDF. Leosphere is a laser radar remote sensors business.
2 min read · 29 April 2014
