Eamon Murphy

Flare Capital adds two executive partners, hires MIT healthcare econ professor

Healthcare tech VC firm Flare Capital Partners appointed Gary Gottlieb and Phyllis Gotlib as executive partners. Gottlieb is currently CEO of Partners in Health, a provider of health services in poor countries, and Gotlib was co-founder and CEO of iMDsoft, an adult-care tech services company. MIT economics professor Jonathan Gruber also joined the firm as chair of its industry advisory board.

Foundry leads $27 mln Series B in London music tech startup ROLI

Boulder-based Foundry Group led a $27 million Series B round in ROLI, a London-based music technology company. Also participating were London-based BGF Ventures and San Francisco-based Founders Fund, as well as all ROLI's Series A investors. The round was Foundry's first investment outside the U.S.

Sapphire leads $20 mln Series C in CloudHealth Technologies

Sapphire Ventures led a $20 million Series C round in CloudHealth Technologies, provider of a cloud service management platform, bringing the total venture investment in the company to $40 million. Existing investors Scale Venture Partners, .406 Ventures and Sigma Prime Ventures also participated. Jai Das, managing director at Sapphire, will join CloudHealth's board of directors.

BlackArch Partners hires managing director to help lead defense unit

BlackArch Partners named Pete Bilden as managing director and co-head of the firm's aerospace, defense and government services industry practice. Bilden, a former U.S. Army captain and helicopter pilot, was previously managing director at Stone Key Partners and an investment banker at Goldman Sachs.

Teakwood hires managing director of corporate development

Dallas-based Teakwood Capital appointed Jonathan Hustis as managing director of corporate development. Hustis was previously law partner in the Dallas office of Culhane Meadows PLLC and at the Texas law firm Phillips & Reiter PLLC.

MK Capital leads $8 mln Series B in transit mobile tech firm Passport

MK Capital led an $8 million Series B round in Passport, a provider of mobile technology for parking and transportation customers, bringing the company's total funding to $17 million. Existing investors Grotech Ventures and Relevance Capital also participated.

Bain leads $16 mln Series B in Bench, joined by Altos and Contour

Bain Capital Ventures led a $16 million Series B up-round in Bench, an online bookkeeping service for small businesses. The financing was joined by Altos Ventures and Contour Venture Partners, both series A investors in Bench, and will go toward product development.

LongWater closes second equity fund, oversubscribed on $50 mln target

LongWater Opportunities closed its second equity fund, LWO Fund II, LP, which will invest in lower middle market U.S. manufacturing companies. Fundraising was completed in just under nine months, and the fund was oversubscribed on its $50 million target.

Hamilton Lane promotes nine employees in Americas to managing director

Asset management firm Hamilton Lane announced a number of promotions, including nine new managing directors within its Americas offices in Bala Cynwyd, Penn. and Rio de Janeiro, Brazil.

PE HUB Second Opinion

To wrap up your Tuesday, Canadian VC funding hit a record, while U.S. deals stayed sluggish. Good news for Fiat Chrysler, whose vans will go driverless with Google, and bad news for Apple, barred from India's used phone market.