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.
CareCloud has secured $20 million in Series B funding led by Tenaya Capital and included existing investors Intel Capital and Norwest Venture Partners. CareCloud provides cloud-based practice management, electronic health record (EHR) and medical billing software and services for medical groups.
4 min read · 18 June 2013
Follett Corp. has established the Follett Knowledge Fund which will be co-managed by Atrium Capital. Follett has committed $50 million to the pool which aims to provide capital for new technologies that improve and disrupt the way educational content is delivered and consumed. River Grove, Ill.-based Follett operates college bookstores.
3 min read · 18 June 2013
RetailMeNot has filed with the Securities and Exchange Commission for an IPO that could raise as much as $230 million. Austin-based RetailMeNot, the former WhaleShark Media, operates a digital coupon marketplace. Investors include Austin Ventures, Norwest Venture Partners and Google Ventures.
2 min read · 17 June 2013
John F. Maroney is joining ForSight VISION5 as President, CEO and Director. ForSight VISION5 also completed its Series B-1 financing which raised $9.3m and was led by Technology Partners and joined by Delphi Ventures. VISION5, a clinical development stage company focused on ophthalmic diseases, is the fifth company created by ForSight Labs. Maroney will continue to serve as a Venture Partner for Delphi Ventures.
4 min read · 17 June 2013
Minimally Invasive Devices said Monday it raised an additional $2.5 million from Radius Ventures, topping off its Series B financing at $11.5 million. The Series B originally raised $9 million in a financing led by Canaan Partners with participation by existing investor, Charter Life Sciences. Minimally Invasive Devices develops and makes the FloShield laparoscopic vision system.
3 min read · 17 June 2013
Fusion AI Partners has named Keith Fenwick as chairman of its advisory board. With offices in London and Vienna, Va., Fusion AI is a private equity firm.
2 min read · 17 June 2013
GutCheck has completed a $4 million Series B equity financing. This financing includes new investors, Grotech Ventures and Crawley Ventures, along with existing investors Highway 12 Ventures and Village Ventures. Denver-based GutCheck is an on-demand market research firm.
3 min read · 14 June 2013
Several PE firms, like TPG and Blackstone, have seen success for their companies in the IPO market this year. There have been 18 private equity-backed IPOs as of June 14, totaling $7.6 billion, Thomson Reuters says. And the biggest PE-backed IPO so far is...
3 min read · 14 June 2013
Delta Rigging & Tools, which is backed by Austin Ventures, has acquired Morgan City Rentals. Financial terms were not announced. Morgan City provides offshore equipment services to the energy end-market primarily in the Gulf of Mexico. Southwest Securities provided financial advice to Morgan City.
3 min read · 14 June 2013
American Capital has elected Susan Nestegard to its board. Nestegard is the former Executive Vice President and President, Global Healthcare Sector, of Ecolab.
2 min read · 14 June 2013
