American Express, JPMorgan Chase and Citi joined together to provide Rearden Commerce, the e-retailer with $133 million in development capital, some of which was used to acquire HomeRun.com, a daily deals site. Specifics of the acquisition were not publicized. Other Rearden include Vinod Khosla and Oak Investment Partners.
3 min read · 21 September 2011
Ning, the Palo Alto-based social networking platform, has been acquired by Glam, the California-based blog publisher. Glam’s backers include Accel Partners, DFJ, and DAG Ventures, among others. Ning was backed by Marc Andreessen, Reid Hoffman and Lightspeed Venture Partners, among others.
3 min read · 20 September 2011
Norwest Venture Partners led a $22 million round in Simpirica Spine Inc., the developer of stabilization devices for the spine. Investors De Novo Ventures and U.S. Venture Partners also participated in the round. Simpirica was founded in 2006.
3 min read · 20 September 2011
FocalPoint Partners, the Los Angeles-based investment bank, added Thomas Mills to lead the development of the firm’s Chicago office. He joins as a managing director, primarily focused on the debt capital markets and special situations.
2 min read · 20 September 2011
New Health Capital Partners closed its first private equity vehicle, which will focus on investing capital through loans, control investments and other financings to life sciences companies. The New York-based firm received an initial commitment of $150 million from ORIX USA Asset Management. The founders of NHCP, Richard Baxter and Aron Dantzig, have worked together for the past seven years, deploying in excess of $1 billion.
3 min read · 20 September 2011
YapStone’s RentPayment, which provides electronic payments for property managers and other vertical markets, will acquire PropertyBridge, its largest competitor. Yapstone recently landed $50 million in VC backing from Meritech Capital Partners and Accel. PropertyBridge is a subsidiary of MoneyGram International; terms of the deal were not publicized.
3 min read · 19 September 2011
Martin Madaus has joined Quanterix Corp. as CEO. The company is a molecular diagnostics firm. Quanterix is backed by ARCH Venture Partners, Bain Capital Ventures, and Flagship Ventures.
3 min read · 19 September 2011
Andy Hunt is joining Highland Capital Partners as a senior associate to focus on Internet and digital investments in New York and Boston. In addition to sourcing new investment opportunities, Andy will be actively involved in Highland’s investments in Bullhorn, CampusLIVE, Gemvara, NameMedia, OpenSky, Pixable and SessionM.
1 min read · 19 September 2011
3 min read · 19 September 2011
3 min read · 16 September 2011
