Private Equity
Risk Management Systems, a Newark, Calif.-based maker of catastrophe risk management software, has named Paul Dali as chairman of its board of directors. Dali, a longtime venture capitalist, most recently founded the venture firm KeyNote Ventures. Earlier in his career, he was also CEO of Regis McKenna.
3 min read · 26 February 2013
View Systems, a Baltimore, Md.-based maker of security products, including weapons detection systems, has appointed Reid Miles to its board of directors. Miles is CEO of Miles Howland & Co., a New York-based investment advisory firm.
2 min read · 26 February 2013
Quotient Biodiagnostics, a transfusion diagnostics business based in Edinburgh, Scotland, has raised $5 million from Quotient CEO Paul Cowan and the healthcare venture capital firm Galen Partners based in Stamford, Conn. Over the past 18 months, Quotient has raised more than $19 million altogether.
3 min read · 26 February 2013
Keith Rabois, a serial operating executive who most recently resigned as the chief operating officer of the payments company Square, has joined the venture firm Khosla Ventures as a partner. Before joining Square, Rabois spent numerous years at LinkedIn, first as a vice president, then as an executive VP of strategy and business development. Earlier in his career, Rabois, who has a law degree, was also an executive VP focused on public policy at PayPal. He also spent a year as an entrepreneur-in-residence at Clarium Capital, the hedge fund run by PayPal cofounder Peter Thiel.
10 min read · 26 February 2013
PeHUB caught up with Brightroll founder and CEO Tod Sacerdoti to talk about the company's future, including a possible IPO. The 6-year-old video ad company has raised $46 million from investors and may now be making $100 million in yearly revenue.
5 min read · 25 February 2013
DecisionPoint Systems, an Irvine, Calif.-based data collection systems integrator, has appointed Dave Goodman as its CFO. Goodman, who was most recently COO and CFO of New York-based Mercury Capital Advisors, replaces interim CFO Paul Ross.
3 min read · 21 February 2013
London-based Braveheart Investment Group, through its wholly owned subsidiary Envestors Limited, has closed funding from private investors in Monaco as part of a £1.2m funding round for Cipher Surgical, maker of a laparoscopic accessory called OpClear. (It keeps a laparascope's lens clear during surgery.)
2 min read · 21 February 2013
Fouriertransform AB, a state-owned venture capital company based in Stockholm, Sweden, is investing a total of SEK 25 million in the eye-tracking technology company Smart Eye AB in Gothenburg, the country's second largest city. The financing comes through a combination of a directed new share issue and a loan. Following the transaction, Fouriertransform`s shareholding will be 15 percent.
2 min read · 21 February 2013
Vero Software -- a computer aided design (CAD) and computer aided manufacturing (CAM) company based in Cheltenham, England -- has received an undisclosed amount of money from senior lenders Silicon Valley Bank and HSBC to acquire Sescoi International, another CAD/CAM software company. Vero, which did not publish the purchase price, is a portfolio company of Battery Ventures.
3 min read · 21 February 2013
GE Capital, a Norwalk, Conn.-based finance group that provides asset-based, cash flow and structured loans and leases to mid-size and large U.S. businesses, served as the administrative agent on a $200 million credit facility secured by Waupaca Foundry, a Waupaca, Wi.-based iron foundry company. The monies are being used to support a dividend recapitalization.
2 min read · 21 February 2013
