Clearstone Venture Partners has seed funded CupidsPlay, a dating Web site that allows participants to interact through social games. Specifics on the funding were not publicized; CupidsPlay is privately held and located in Bellevue, WA. The company was founded in 2010.
3 min read · 24 February 2011
Recyclebank, the sustainable action platform, closed another round of funding, taking in an additional $14 million. Physic Ventures joins existing Recyclebank investors, Generation Investment Management, Kleiner Perkins Caulfield and Byers, Paul Capital Investments, RRE Ventures, Sigma Partners and The Westly Group, boosting the company’s funding to just under $50 million.
3 min read · 24 February 2011
3 min read · 24 February 2011
Boston-based private equity firm Riverside Partners completed an investment in Pilgrim Software Inc., a Florida-based provider of enterprise software focused on compliance, quality, and risk management. Philip Borden, a general partner at Riverside Partners, worked on the transaction from the private equity firm.
3 min read · 23 February 2011
Phononic Devices closed a $10 million Series B financing led by investors Venrock and Oak Investment Partners. In November of 2009 Phononic Devices was selected for a $3 million grant from the Department of Energy's ARPA-E (Advanced Research Projects Agency-Energy).
3 min read · 23 February 2011
Apax Partners’ portfolio company The TriZetto Group acquired ABRY Partners’ Gateway EDI, the firms revealed Wednesday. Harris Williams & Co. worked on the transaction, including Jeff Bistrong, Sam Hendler, Tyler Dewing and Nick Patel from Harris Williams & Co.’s tech, telecom and digital media team.
3 min read · 23 February 2011
Rahul Jaswa, an analyst in Bessemer Venture Partners' New York office, weighs in with his second post on getting the VC gig. Venture capital is a time-management profession. Every month, you evaluate hundreds of businesses through powerpoints, tech publications, referrals, events, and others. Without quick instincts, you’ll lack the bandwidth to assess each of these companies. Interviews are designed to assess your instincts...
3 min read · 23 February 2011
As earlier reported by peHUB.com, Digital Chocolate Inc., the social games developer, successfully completed its fundraising process. The company reeled in $12 million in a Series D that was led by Intel Capital and included BridgeScale Partners. Intel Capital represents a new investor in the gaming company, while BridgeScale participated in a previous round.
3 min read · 22 February 2011
Axial Exchange, the North Carolina-based software and service provider for hospitals, has secured an unspecified amount of Series A fundraising. The round was led by Canaan Partners and IDEA Fund Partners participating as well; the Series A will go to develop Axial’s sales and marketing initiatives.
3 min read · 22 February 2011
Chicago-based private equity firm GTCR closed its 10th buyout fund with more than $3.25 billion in commitments. The fund represents the firm’s largest in its 30-year history and will target investments across financial services and technology, healthcare and information services and technology. The PE firm did not disclose its LPs in Tuesday’s announcement.
2 min read · 22 February 2011
