Private Equity
HCAP Partners, formerly Huntington Capital, promoted Frank Mora to partner. Mora joined the firm in early 2013 and served on the investment committee for HCAP Partners III, L.P. Based in California, HCAP Partners finances companies located in the western United States, in the services, manufacturing, software, and healthcare industries.
2 min read · 23 June 2016
Cerberus Capital Management, L.P. agreed to acquire GE Money Bank, the French consumer finance business of General Electric Co. The deal would represent ending net investment of approximately $4.6 billion as of the end of Q1 2016, and excludes GE Money Bank's $2 billion prime mortgage portfolio.
3 min read · 23 June 2016
Simility, a provider of cloud-based fraud prevention software, announced the closing of an additional $1.5 million in its first round of funding, bringing the total raised to $7.2 million. The new investment was led by The Valley Fund, one of the company's first investors (along with Accel Partners and Trinity Ventures).
1 min read · 23 June 2016
Los Angeles-based Upfront Ventures hired Kobie Fuller as a partner. Formerly of Accel, Fuller was an angel investor in Oculus VR, which was acquired by Facebook.
1 min read · 23 June 2016
Back office automation platform AppZen closed a $2.9 million seed funding round led by Resolute Ventures. Other participating investors included Bloomberg Beta, Silicon Valley Bank, MasterCard, and FundersClub.
1 min read · 22 June 2016
Big legislative news today, as Republicans lost on surveillance and Democrats sat-in on guns.
1 min read · 22 June 2016
Freeman Spogli & Co. acquired a majority interest in Integrated Supply Network, a wholesale distributor of automotive tools, equipment and supplies in North America and the UK. Management and other investors also participated in the transaction. Financial terms were not disclosed.
3 min read · 22 June 2016
Norwest Partners led a $3 million seeding funding round in kwik, a platform that allows users to order products and services from brands, retailers and home delivery services. Headquartered in Sunnyvale, California, with R&D in Tel Aviv, Israel, kwik has deals with Domino's, Kimberly-Clark, and Anheuser Busch.
1 min read · 22 June 2016
Norwest Partners led a $3 million seeding funding round in kwik, a platform that allows users to order products and services from brands, retailers and home delivery services. Headquartered in Sunnyvale, California, with R&D in Tel Aviv, Israel, kwik has deals with Domino's, Kimberly-Clark, and Anheuser Busch.
1 min read · 22 June 2016
Berlin-based online art marketplace Juniqe raised 14 million euros (about $15.8 million) in a round led by Highland Europe. Previous investors Vorwerk Ventures, High-Tech Gründerfonds and Redalpine also participated.
4 min read · 22 June 2016
