But backers aren’t ready to throw in the towel just yet on the entrepreneur/investor who previously sold About.com for $690M
4 min read · 01 February 2013
Champions Oncology of Hackensack, N.J., earlier this week announced it had raised $9.3 million at a price of $0.50 per share in a private placement to existing and new investors. That group includes Battery Ventures IX, L.P., PAR Investment Partners, L.P., members of the company's management team, and early-stage investor Harris & Harris Group, which invested $200,000 in the financing. No commissions were paid in connection with the private placement.
3 min read · 31 January 2013
Santen, an Emeryville, Calif.-based subsidiary of Japan-based Santen Pharmaceuticals, has entered into a research collaboration agreement with Clearside Biomedical of Alpharetta, Georgia, a company in which Santen, along with other financial backers, is also making an investment. Specifically, Clearside's "microinjection platform," which provides access to the retina and choroid, just attracted $7.9 million in fresh funding from Santen, Mountain Group Capital, Hatteras Venture Partners, Georgia Research Alliance Fund, and Kenan Flagler Business School Private Equity Fund.
4 min read · 31 January 2013
Bright Horizon Resources, a newly formed oil and natural gas exploration and production company, has received a $300 million equity commitment from Denham Capital, a Boston-based private equity firm focused on energy and resources.
2 min read · 31 January 2013
Early-stage investor Sunil Dhaliwal, formerly a general partner at Battery Ventures, ha launched venture capital fund that is focused exclusively on infrastructure technologies. His new Cambridge, Mass.-based firm, Amplify Partners, did not disclose how much money it has to invest but says it raised investment capital from a "blue-chip list of IT infrastructure executives, financial industry veterans and forward-thinking institutional investors" and that is initial investments will range in size from $50,000 to $1.5 million.
3 min read · 31 January 2013
Fulcrum Equity Partners, an Atlanta-based growth equity firm, has closed its second fund with more than $93 million; the firm says it was targeting $75 million. Fulcrum's first, $40 million, fund closed in 2006.
2 min read · 31 January 2013
It used to be that you had to have an actual company for capture investors’ attention. Last March, entrepreneur and investor Paul Graham upended that basic standard, inviting candidates with no plan whatsoever into his Y Combinator program. Now, Upstart, a 10-month-old, 10-person company based in Palo Alto, is making even Graham’s unconventional thinking seem quaint.
4 min read · 31 January 2013
CVC Credit Partners ("CVC Credit"), a credit asset management and investment group with offices in New York and London, announced today that Gretchen Bergstresser, Jonathan Bowers, Tom Newberry and Christopher Allen have been promoted to partners.
2 min read · 29 January 2013
School Specialty Inc, a Greenville, Wisconsin-based provider of school supply and educational products to the pre-kindergarten through grade 12 market, filed for bankruptcy protection and said it will sell its assets to investment firm Bayside Capital Inc, an affiliate of HIG Capital.
2 min read · 29 January 2013
Waypoint Homes, an Oakland, Calif.-based company focused on the real estate owned (REO) to rental industry, has promoted Gary Beasley to president and CEO. Beasley joined Waypoint as a managing director in late 2011. Before joining Waypoint, Beasley served as a partner with Geolo Capital, the private equity arm of the John A. Pritzker family.
3 min read · 29 January 2013
