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
SAP AG will acquire Right Hemisphere, the provider of enterprise solutions that is based in California and New Zealand. Specifics of the transaction were not publicized. The startup’s backers include Sutter Hill Ventures, Sequoia and NVidia.
4 min read · 08 September 2011
Fingerprint Digital, the network for children’s games, learning tools and entertainment on mobile devices, has secured $1.4 million from K2MediaLabs, THQ, Reed Elsevier Ventures and Suffolk Holdings. Fingerprint Digital is based in San Francisco.
4 min read · 08 September 2011
Lazard Ltd hired Timothy M. George to join the bank's Financial Advisory business. George was previously a founding partner of boutique investment bank Greenhill & Co and a member of its management committee.
1 min read · 08 September 2011
Highland Capital Partners is adding Sam Brooks as a principal for its European team. Brooks comes to the VC after most recently working with Insight Venture Partners, on investments including PhotoBox, OverDrive, Groupalia, Mentez, Studio Moderna, 3P Learning, Privalia, Beatport, PerTrac, Netsmart Technologies (sold to Genstar Capital) and Primavera Systems (sold to Oracle).
3 min read · 08 September 2011
3 min read · 08 September 2011
3 min read · 08 September 2011
3 min read · 08 September 2011
3 min read · 08 September 2011
Erskine Bowles, president emeritus of the UNC university system and most recently, co-chair of President Barack Obama’s bipartisan National Commission on Fiscal Responsibility and Reform, will join Facebook’s board. Bowles also holds board positions with Morgan Stanley, Cousins Properties Inc., Norfolk Southern Corp. and Belk Inc.
2 min read · 08 September 2011