I've been a business reporter for a while. I've covered Wall Street, venture capital and now private equity. I'm always looking for a scoop or something to talk about. I'm the eternal optimist and am still waiting for the Chicago Cubs to win the World Series. Yes, I believe.
Point said March 20 that it raised $122 million Series B funding led by Prudential Financial and DAG Ventures. New investors include Financial Venture Studio and Enterprise Community Partners, while existing investors Andreessen Horowitz, Ribbit Capital, and Bloomberg Beta participated. Kingsbridge Wealth Management, which took part in the equity round, is providing a $100 million platform capital commitment. Point, of Palo Alto, California, buys equity in American homes.
4 min read · 20 March 2019
An investor group led by buyout firms Apax and Warburg Pincus have made a $3.3 billion offer for Inmarsat, the Financial Times reported. Inmarsat, the British satellite communications group, said it received the non-binding offer on Jan. 31, the story said.
1 min read · 20 March 2019
Ardian said March 20 that its latest infrastructure fund closed on 6.1 billion euros ($6.9 billion). Ardian Infrastructure Fund V, which raised the pool in six months, will focus on transport (rail, road and airports), energy (gas, electricity and renewable energy) and other public infrastructure assets (health and environmental).
3 min read · 20 March 2019
To start your Wednesday, we have news that Kickstarter CEO Perry Chen is stepping down, Goldman Sachs wants half of its entry-level recruits to be women and "Games of Thrones" season 8 will have multiple 80-minute episodes.
1 min read · 20 March 2019
Dorian said March 19 that it raised $2 million in seed funding led by March Capital Partners. London Venture Partners participated in the round. Dorian is an immersive fiction app that aims to deliver interactive storytelling.
4 min read · 19 March 2019
Trovata.io said March 19 that Joseph Drambarean has joined as chief technology while Dave McCutcheon has joined as vice president of sales. Drambarean was most recently at Capital One, where he led product management as head of the innovation labs and mobile banking teams. McCutcheon is the former head of sales and alliances at FloQuast.
3 min read · 19 March 2019
Marketing Evolution said March 19 that it raised $26.1 million in growth financing led by Energy Impact Partners. Existing investors Insight Venture Partners and Zetta Venture Partners participated in the round. Marketing Evolution provides marketing measurement and optimization solutions.
4 min read · 19 March 2019
Cresset Asset Management said March 19 that it acquired Evanston Advisors. Financial terms weren’t announced. Evanston is an RIA with more than $500 million in client assets under management.
3 min read · 19 March 2019
Janney Montgomery Scott LLC said March 19 that it agreed to buy FIG Partners LLC. Financial terms weren’t announced. FIG, of Atlanta, is an investment banking and research firm.
3 min read · 19 March 2019
CI Capital Partners said March 19 that it closed the sale of Tech Air to Airgas, an Air Liquide company. Financial terms were not announced. Tech Air distributes industrial, specialty, and medical gases.
2 min read · 19 March 2019
