Russian online retailer OZON.ru – often called the Amazon.com of Russia – has raised $100 million in financing. The funding, which represents the largest private investment to date in Russia’s e-commerce sector, comes from a consortium of investors including ru-Net Ltd., Japanese online retailer Rakuten, Swiss equity fund manager Alpha Associates and Index Ventures. Baring Vostok Private Equity Fund, an investor in the company since 2000, remains the controlling shareholder.
3 min read · 08 September 2011
Access Information Management, a provider of records management storage and destruction services, has closed on an undisclosed amount of financing from Summit Partners. Formed in 2004, Access will use the funds to expand its operations across the U.S.
3 min read · 07 September 2011
San Francisco-based Powergetics Inc. has raised $10.2 million of a planned $14.2 million financing round, according to a regulatory filing. Zeb Rice, the co-founder and a managing partner of Angeleno Group; and San Francisco-based investor David Buzby are among the two-year-old company’s directors. According to the company’s LinkedIn page, Powergetics is developing intelligent energy storage systems designed to “reduce power costs, increase operational efficiencies, maximize renewable generation value and reduce greenhouse gas emissions.”
1 min read · 07 September 2011
San Francisco-based building business Project Frog has closed on $22 million in new financing led by GE Energy Financial Services. Claremont Creek Ventures, Greener Capital Partners and RockPort Capital Partners also joined in the round, which is designed to help Project Frog expand its sales pipeline and execute on orders. As part of the deal, the company is also beginning construction of one of its green, pre-fab buildings at GE’s Learning Center in Ossining, NY.
5 min read · 07 September 2011
QED Investors and Core Capital Partners have put $7.5 million into Valen Technologies, a provider of predictive analytics technology for the insurance industry. The money will help Valen with data consortium expansion, predictive analytics platform enhancements, channel development, sales and marketing.
3 min read · 07 September 2011
TrueCar, a company that provides car pricing data to consumers, has raised $200 million in debt and equity financing, Reuters reported Wednesday. The company is backed by GR Match, McCombs Family Partners, DealerTrack, Keating Capital, GSV Asset Management, Passport Capital, International Investment House and Allen & Company. Silicon Valley Bank arranged the debt portion of the funding for TrueCar, which is based in Santa Monica, Calif.
2 min read · 07 September 2011
2 min read · 06 September 2011
3 min read · 06 September 2011
Forbion Capital Partners has led an 18 million euro ($25.3 million) Series A round for Belgium-based Amakem NV. Crédit Agricole Private Equity, Vesalius BioCapital, as well as the existing investors LRM, PMV and Life Sciences Research Partners also contributed to the round. Amakem will use the money to expand its ophthalmology drug development portfolio, the company said.
7 min read · 06 September 2011
Essex Woodlands has led a $22 million Series B round for BreatheAmerica, which develops and manages centers for patients suffering from allergies, sinusitis and asthma. The money will help BreatheAmerica open new centers across the United States.
3 min read · 06 September 2011
