Luisa Beltran

SEMrush raises $40 mln

SEMrush said April 24 that raised $40 million in funding led by Greycroft, Siguler Guff, and e.ventures. SEMrush provides competitive intelligence and an analytics platform for digital marketing professionals.

Foundation Investment buys Discount Drainage Supplies

Foundation Investment Partners has acquired Discount Drainage Supplies. Financial terms weren’t announced. Discount Drainage, with offices in Akron, Columbus and Cincinnati, provides drainage and construction products. Generational Capital Markets Inc provided financial advice.

NorthEdge Capital backs MBO of Prohire

NorthEdge Capital is backing the management buyout of Prohire. Financial terms weren’t announced. Prohire, of the U.K. provides commercial fleet management solutions.

PE HUB First Read

To start your morning, we have news that Comcast is offering to buy Sky for 22 billion pounds ($30.7 billion), a federal judge upholds the DACA dreamers program and swearing into your iPhone is like swearing on the "Good Place."

Bain is said to make 3x on Viewpoint

Twin Brook co-founder Chris Williams on indefinite leave: investor letter

Searchlight-led group to buy Mitel for $2 bln

Mitel said April 24 that it agreed to be sold to an investor group led by Searchlight Capital Partners in a deal valued at $2 billion, including debt. Mitel shareholders will receive $11.15 per common share in cash. The deal includes a 45-day go-shop period during which Mitel’s board can enter into negotiations for an alternative proposal. Mitel, of Ottawa, is an enterprise communications firm.

MadDog Ventures Fund I raises $26.7 mln

MadDog Ventures said April 23 that its first venture capital fund raised $26.7 million, exceeding its $25 million target. MadDog, of Birmingham, Michigan, invests in companies that are developing and marketing cloud-based business applications.

Templum raises $10 mln

Templum Inc said April 23 that it raised $10 million in funding. The round includes an investment by SBI Holdings Inc and Raptor Group. Templum, of New York, is developing a trading system and platform to sell digital assets and the secondary trading of digital assets offered as securities.

EryDel raises 26 mln euros

EryDel has raised 26 million euros ($31.7 million) in financing led by Sofinnova Partners. Existing shareholders Genextra SpA and Innogest SGR also participated to the investment. EryDel, of Milan, is developing a drug delivery device for the treatment of rare neurodegenerative diseases.