Sequoia Capital and True Ventures co-led a $1.75 million seed round in Trippy, the mobile app that facilitates trip planning. Also participating in the round is SV Angel and individuals including Rob Solomon, Tim Ferriss, Brian Lee, Gil Ebaz, Brandee Barker, Chase Jarvis, Randi Zuckerberg, Jason Mraz, and Rachel Zoe, as well as others.
2 min read · 15 November 2011
Hanover Partners, the West Coast private equity firm, has sold its Handi Quilter Inc. to a middle market private equity firm in New York. Specifics of the deal, as well as the buyer, were not publicized. Hanover is exiting its acquisition after buying it in 2008; Tuckerman Capital, and the private equity firm, generated a 2x gross cash on cash return and a 34% IRR.
3 min read · 15 November 2011
Profits Over People: Target employees take on corporate overlords set to squeeze every last dime out of their workforce at the holidays Quitting Time: Goldman vets hit the bricks in droves O-S&*#! Obamacare heads to the Supremes, with a potential ally to the legislation facing neutralization So When will the Fed up the rate? Merry Christmas! What? No, really, what?!
1 min read · 15 November 2011
Model Metrics, the mobile and social cloud consulting services company, will be acquired by listed enterprise cloud computing company Salesforce.com. Specifics on the deal were not made public.
6 min read · 14 November 2011
California-based entertainment company Walt Disney Co. acquired Babble Media, the online parenting platform, for its subsidiary Disney Online. Babble will remain headquartered in New York. Rufus Griscom and Alisa Volkman will join the Disney Interactive Media Group.
3 min read · 14 November 2011
Indian e-commerce brand Fashionandyou.com has raised about $40 million from investors Norwest Venture Partners (which led the round, along with Intel Capital), Sequoia Capital India and Nokia Growth Partners. Sequoia previously invested in the company.
6 min read · 14 November 2011
AdmitPad raises bucks in Beantown Is Biotech Next? What will be the big next thing in the Big Apple? How to Grow It: KSL hits the slopes on its ski investments Kidnapped Nat: Found safe. In other news, any Yanks fans up to kidnap Pavano? That guy still owes all of us. Throwdown! Startup exec sues VCs at Benchmark Um ‘Scuse Me: Is Lashou going public or what? Taking a Step Back: TPG scales back Euro buyout operations More VC for India: Ncubate Capital Partners launched by Luminous Power Technologies founder Funding for the Future: AllTrails pockets $400k seed funding China Packager on the Block: Morgan Stanley buyout arm mulls over HCP Mind Your Own Business: Sage rejects Archer Capital claim over failed bid
1 min read · 14 November 2011
Congrats: It’s not every day an active pro athlete comes out of the closet Journo Geek Alert: So what happens when an anonymous source is no longer anonymous? No, Baby! E*Trade sale whiffs Well, Yeah, Ann: Campaigns don’t send hitmen anymore. Now they hire smart reporters, instead. Skipping Happily Downmarket: Kindle’s taking the fire out of iPad sales Just in Time for Thanksgiving! The Inkling iPad cookbook Calling the Close: Kaiser knows a mess when he sees one
1 min read · 11 November 2011
1 min read · 10 November 2011
Connecticut private equity firm Clearview Capital completed a merger between its portfolio company, Senior Care Centers of America, and Active Day Inc., that provides a network of care centers for adults in 11 states. Specifics on the deal were not publicized. The PE firm is currently investing through its second fund.
3 min read · 10 November 2011
