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.
Digital Marine Solutions said Wednesday it agreed to buy the marine division of Jeppesen. The Boeing Company is the seller. Financial terms weren’t announced. The former Jeppesen Marine will operate as a separate entity and trade under the C-Map brand name. C-Map provides cartography products and services for all types of leisure boaters. Digital Marine Solutions is owned by the Altor 2003 Fund, which is part of the Nordic based Altor family of private equity funds.
2 min read · 16 March 2016
Usermind, which emerged from stealth Wednesday, raised $14.5 million in a Series B round, bringing the company’s total funding to $22.1 million. Menlo Ventures led the round with participation from existing investors Andreessen Horowitz and CRV. Based in Seattle, Usemind provides a unified platform for orchestrating business operations.
3 min read · 16 March 2016
Mandaê said Tuesday it raised $2.5 million from Qualcomm Incorporated, through its venture investment group, Qualcomm Ventures, with participation from existing investors Monashees+ and Valor Capital Group. Sao Paulo-based Mandaê provides a platform that aims to simplify the shipping process for individuals and small businesses in Brazil.
3 min read · 16 March 2016
Anterra Capital said Wednesday that its food and agriculture technology fund had raised $125 million in a second close. Anterra’s existing investors are Rabobank and Eight Roads, the proprietary investment arm of Fidelity International Ltd. Amsterdam-based Anterra, a food and agriculture growth capital firm, said it is also opening an office in Boson.
3 min read · 16 March 2016
Meal delivery service SpoonRocket shut down Tuesday, the company announced on its website. Based in Berkeley, California, SpoonRocket received $11 million in Series A funding from Foundation Capital and General Catalyst Partners in 2014. It previously raised $2.5 million from Y Combinator and FundersClub.
1 min read · 16 March 2016
Evoqua Water Technologies agreed to acquire Neptune Benson, a maker of water filtration and disinfection products backed by Audax Group. Evoqua is a portfolio company of AEA Investors LP. Terms of the deal were not disclosed.
3 min read · 16 March 2016
NewWorld Capital Group LLC and Constellation Technology Ventures, the venture capital arm of Exelon Corp, invested in PosiGen Inc. Based in New Orleans, PosiGen provides solar panel leases and energy efficiency upgrades to low- to moderate-income homeowners. Financial terms of the investment were not disclosed.
2 min read · 16 March 2016
Flint Capital, a venture capital firm based in Barcelona, Spain, paid 1 million euros ($1.11 million) for a minority stake in Creamfinance, a consumer finance services provider based in Warsaw, Poland. Flint invested 5 million euros ($5.55 million) in the company two years ago. Andrew Gershfeld, Partner at Flint, will join the Creamfinance board.
2 min read · 16 March 2016
Austin-based Pivot3, a provider of data center solutions, closed on $55 million in equity and bank financing. Returning investors Argonaut Private Equity and S3 Ventures provided the funding.
4 min read · 16 March 2016
Terminus raised $7.5 million in Series A funding, including $5 million in equity financing and $2.5 million in venture debt. Edison Partners led the round with participation from existing investors including Hyde Park Venture Partners, Arthur Ventures and Knoll Ventures. Edison General Partner Ryan Ziegler will join the Terminus board.
4 min read · 16 March 2016
