Music Site Turntable.Fm has raised $7.5 million and is adding Union Square Ventures’ Fred Wilson to its board. Union Square Ventures led the round in Turntable, which was widely rumored earlier. Other investors include First Round Capital, Polaris, Lowercase Capital, Benchmark, and angels including Troy Carter, Tim Kendall, Guy Oseary and Vivi Nevo.
2 min read · 13 September 2011
Harrison F. Dillon, Thomas Dries, and Christos Papadopoulos will join Proterro’s board of directors. The company develops Protose, a feedstock that enables the production of biofuels. Founded in 2008, the company is backed by Battelle Ventures and Braemar Energy Ventures.
4 min read · 13 September 2011
KPCB led a $18.6 million funding in Teladoc, the Dallas-based telehealth provider, joining existing investors Cardinal Partners, HLM Venture Partners, Trident Capital and New Capital Partners. Dana Mead from KPCB worked on the transaction for the VC.
3 min read · 13 September 2011
Visma, a software and services tax and accounting portfolio company of New York private equity firm Kohlberg Kravis Roberts & Co., will invest an unspecified amount of capital in Acumatica, the Bethesda, Maryland-based cloud services provider. Advisors on the deal were not publicized.
3 min read · 12 September 2011
Tony Metzner is joining St. Louis-based venture capital and small business finance firm Advantage Capital Partners. Metzner brings 15 years of experience in finance and risk management earned at several accounting, auditing and consulting firms, including Ernst & Young and Deloitte.
2 min read · 12 September 2011
Consolidated Precisions Corp., the California-based company that makes products for commercial aerospace and defense markets, will be recapitalized by PE firm Warburg Pincus. Arlington Capital Partners, the Washington DC-based private equity firm, is CPP’s current sponsor. Terms of the transaction were not publicized.
3 min read · 12 September 2011
TownHog.com, the San Francisco-based daily deals provider, has been acquired by BuyWithMe, the VC-backed daily deals startup. BuyWithMe has been on a roll in 2011, snapping up five other sites en route to the TownHog transaction. BuyWithMe is backed by VCs Bain Capital Ventures and Matrix Partners.
2 min read · 09 September 2011
Baird Capital Partners will acquire Utah-based HRI from listed home improvement retailer the Home Depot, in a deal where terms were not disclosed. Financing for the transaction is being provided by BMO Harris Bank N.A., BBVA, and Caltius. BCP is joined in the investment by Thrivent Financial for Lutherans, and DLA Piper served as counsel to BCP. The financial terms of the agreement were not disclosed.
4 min read · 09 September 2011
2 min read · 09 September 2011
Lending Club, the online platform for investing in and acquiring personal loans, announced that Peter Thomson has become a cornerstone investor in the Conservative Consumer Credit Fund. In addition, Thomvest, Thomson’s venture fund, has taken an equity interest in Lending Club alongside Union Square Ventures. Peter Thomson also serves as director of Thomson Reuters, the publisher of this website.
4 min read · 08 September 2011
