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.
Bolt said Tuesday that its second fund closed with $25 million in commitments. The venture capital firm’s first pool raised $4 million in 2013. Limited partners include returning strategic investors Autodesk, Logitech, and Grishin Robotics as well as new investor Cisco Investments. Bolt said the new pool will allow it to open a second facility in San Francisco. Bolt said it will invest up to $500,000 per startup with a focus on seed stage companies at the intersection of hardware and software.
3 min read · 04 February 2015
The Medicines Company said Wednesday it acquired all the outstanding equity of Annovation Biopharma, a portfolio company of Atlas Venture. Financial terms weren’t announced. Cambridge, Massachusetts-based Annovation aims to create safer therapies for anesthesia and critical care.
3 min read · 04 February 2015
Ntoggle said Tuesday it raised $5.6 million in Series A funding led by Sigma Prime Ventures and Bessemer Venture Partners. Boston-based nToggle is an advertising technology startup. The company’s angel investors include Mike Baker, DataXu CEO and Ric Cavillo, Nanigans CEO.
4 min read · 04 February 2015
Cognitive Networks said Wednesday that it appointed Tim Driscoll its CFO. Driscoll was previously CFO of Verimatrix. San Francisco-based Cognitive Networks is backed by investors including Hearst Ventures, Rogers Venture Partners and DCM Ventures.
2 min read · 04 February 2015
Vidyo said Wednesday that it has named Eran Westman its President and Chief Executive Officer, succeeding co-founder Ofer Shapiro, effective immediately. Shapiro will become Vice Chairman and will help guide the company, a statement said. Westman previously held the role of Chief Revenue Officer. Guy Resheff has also joined Vidyo as Chief Technology Officer. Vidyo, of Hackensack, New Jersey, provides video conference software and is backed by venture capital firms including Menlo Ventures, Rho Ventures and Sevin Rosen Funds.
4 min read · 04 February 2015
LG lugar de gente, a portfolio company of H.I.G. Capital, has acquired W3net. Financial terms weren’t announced. W3net, of Minas Gerais, Brazil, provides SaaS human resources management software.
3 min read · 04 February 2015
Alliance Consumer Growth just finished off a strong week. The PE firm is selling its holding in Krave Jerky and also owns a stake in Shake Shack which went public last week.
2 min read · 04 February 2015
Revelstoke Capital Partners said Wednesday that it has completed its buy of Career Step. Financial terms weren’t announced. Provo, Utah-based Career Step provides online, career-focused training programs in the healthcare sector. Ally Corporate Finance and Norwest Mezzanine Partners provided debt financing. William Blair & Company served as financial advisor to Career Step.
3 min read · 04 February 2015
In Second Opinion, Amazon is in talks to buy some RadoShack stores, the fear that keeps small business owners awake at night and Harper Lee, who wrote "To Kill a Mockingbird," will publish her second novel in July
1 min read · 04 February 2015
Alliance Consumer Growth just finished off a strong week.
2 min read · 03 February 2015
