Wave Accounting acquired $5 million in a Series A financing led by VC firm Charles River Ventures. OMERS Ventures also participated in the round. Wave develops accounting software for small businesses.
3 min read · 14 October 2011
Waste Management, the Texas-based sanitation and recycling company, has made a strategic investment in Recycle Rewards, and its subsidiary, Recyclebank, which tethers discounts to green “action” by consumers. With the investment, from which terms were not specified, Waste Management joins existing Recyclebank investors RRE Ventures, Sigma Partners, Kleiner Perkins Caulfield and Byers, The Westly Group, Generation Investment Management, Top Tier Capital Partners, Physic Ventures and Craton Equity Partners.
4 min read · 14 October 2011
We’re Number ONE! NY tops Mass. for venture deals, takes pole position as East Coast VC juggernaut for all days to come. But we know we’re not number one, Cali. It’s Official. Everyone’s pissed at Washington. Bad Call: Ex-Citadel employee charged with stealing Rightfully So, protestors at Wall St. are suspicious of the plan to “clean” their “sleeping grounds" Did Steve Jobs doom himself with alternative medicine?
1 min read · 14 October 2011
As sale and IPO processes continue to wither in the face of turbulent markets, the owners of Hulu, the streaming entertainment company, announced late Thursday they would not, in fact, pursue a sale of the company. News Corp., Providence Equity Partners, and the Walt Disney Co. are among Hulu’s owners. Previously, it was reported that strategic bidders had failed to satisfy sellers’ requirements.
3 min read · 14 October 2011
Salveo Specialty Pharmacy, a company formed to acquire and develop specialty pharmacies in the U.S., has struck a deal with NewSpring Capital for investment capital. Specifics of the deal were not publicized. Additionally, the company acquired Echo Specialty Pharmacy Services to enhance its development in the New York marketplace. Brian Murphy, NewSpring General Partner, will be joining the Board of Directors post-financing. Three Arch Partners and Petra Capital Partners also participated in the deal.
2 min read · 13 October 2011
Private equity still likes real estate. Oaktree Capital Management will establish a joint venture with Everest Realty Management to form a Tenants In Common (TIC) partnership. It will provide a varying range of short- and long-term solutions for clients with capital needs.
1 min read · 13 October 2011
Flybridge Capital Partners and Baseline Ventures provided Massachusetts-based Crashlytics with a $1 million seed funding. The company provides crash-reporting solutions to mobile developers to pinpoint performance issues.
4 min read · 13 October 2011
How Best to Unburden One’s Self of Regulatory Burden? Drop the bank status! Now What? Harrisburg bankruptcy could become a court case litmus test Not Just Checking In: Now, FourSquare will have radar Locked & Loaded: Zynga preps mobile gaming arms race Business is Good: For IT outsourcers Going Loco: Scouring Mexico for deals Fingers Crossed: Tokio Marine Capital high hopes for drugmaker sale Social Network Face Off: Israeli start-up empowers Russian social network face recognition Getting Stronger: Big news from Asia's web world Rescue Me: Glencore nears rescue deal for Bakrie Fund Drought: Is the cash drying up for web start-ups?
1 min read · 13 October 2011
Grass Valley, the provider of products and solutions to television broadcasts, will acquire PubliTronic, the privately-held, provider of multichannel, integrated, automated playout solutions. Grass Valley is backed by California private equity firm Francisco Partners. Specifics of the deal were not publicized.
5 min read · 12 October 2011
It Ain’t Easy: Yet, PE firms are still going green Worse Than Being Occupied! Wall St. braces for the Volcker Rule Money Train: Gawker’s guide to the folks OWS means to protest Re-Rack!!! The history of the red Solo cup Friendly Skies? Virgin Atlantic eyes bmi
1 min read · 12 October 2011
