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.
Gauss Surgical Inc said Wednesday that it raised $12.6 million in Series B funding led by Providence Ventures, the investment arm of Providence Health & Services. Also participating were Jump Capital as well as existing investors Promus Ventures, LifeForce Ventures, Summation Health Ventures and the StanfordStartX Fund. Gauss Surgical is a medical technology company based in Los Altos, California.
4 min read · 30 March 2016
Jo-Ann Fabric and Craft Stores said Wednesday it named Wade Miquelon to the roles of executive vice president and chief financial officer. Miquelon recently served as the executive vice president, CFO and president of international for Walgreen Co. Jo-Ann Fabric is a portfolio company of Leonard Green & Partners.
4 min read · 30 March 2016
Warburg Pincus has named Jay Nadler executive-in-residence in its Technology, Media and Telecommunications and Industrials and Business Services Groups. Nadler most recently served as Chief Operating Officer of Interactive Data Corp.
2 min read · 30 March 2016
PowerInbox has raised $6.5 million in a Series A round led by Battery Ventures, Genesis Partners and new investor Maverick Ventures. Previous investors also took part. New York-based PowerInBox provides personalized email technology for marketers, agencies and publishers.
3 min read · 30 March 2016
Swiss Mobiliar is buying a 50 percent stake in Scout24 Schweiz that was held by KKR and other shareholders. Financial terms weren’t announced. Ringier AG will continue to maintain control of Scout24. Scout24 is a Swiss online marketplaces for motor vehicles, real estate and general classifieds.
5 min read · 30 March 2016
Mike Majors has joined Data Point Capital as a Managing Partner. Majors most recently was the founder and head of Siemens Venture Capital's $100 million early-stage Industry of the Future Fund.
3 min read · 30 March 2016
Castanea Partners has invested in Jeni’s Splendid Ice Creams. Financial terms were not disclosed. Columbus, Ohio-based Jeni’s Splendid is a retailer and wholesaler of branded artisanal ice creams.
3 min read · 30 March 2016
Silicon Valley and Brazil entrepreneurs are launching the San Francisco Deltas, a professional soccer team in that city. Led by Colombian-born entrepreneur, Brian Andrés Helmick, the investor group includes individuals from Draper Fisher Jurvetson, Felicis and Precursor. The Deltas will begin playing in February 2017.
3 min read · 30 March 2016
Sunrise Strategic Partners has acquired a minority stake in Perky Jerky. Financial terms weren’t announced. Greenwood Village, Colorado-based Perky Jerky makes beef and turkey meat snack products.
3 min read · 30 March 2016
State Street Corp said Wednesday it agreed to buy GE Asset Management. The total purchase price is up to $485 million subject to adjustments. GE Asset Management, a global asset manager, had $110 billion in assets under management as of Dec. 31.
10 min read · 30 March 2016
