Mogreet and CBS Atlanta formed a partnership to launch a mobile video program for WGCL-TV, which is a CBS-affiliated station. The service will deliver video news and weather alerts directly to consumers' mobile devices. Mogreet is a Venice, Calif.-based mobile marketing platform for the delivery of information to mobile devices. It has raised $10 million from Ascend Venture Group, Black Diamond Ventures, DFJ Frontier, Spyglass Ventures and Clovehitch Partners.
3 min read · 19 January 2011
OpenGamma Inc. completed a Series B round of equity financing. Terms were not disclosed. FirstMark Capital of New York led the round. Accel Partners joined the round as a return investor. OpenGamma of London plans to use the capital to open an office in New York. OpenGamma provides an open source analytics and risk management platform for the financial services industry.
4 min read · 19 January 2011
NEOS GeoSolutions Inc. closed a $60 million financing round. Energy Capital Group and Bill Gates became new investors in the Houston, Texas-based company that provides the onshore oil & gas and mining industries with information about where to explore, lease and drill. Existing investors – including Goldman Sachs, Kleiner Perkins Caufield & Byers and Passport Capital – participated in the latest funding round.
3 min read · 18 January 2011
Rho Ventures of New York promoted Hugh Browne and Medha Vedaprakash as principals. Browne and Vedaprakash were associates. Browne joined the firm in 2008 and is based in Palo Alto, Calif. Vedaprakash joined the firm’s New York office in 2007.
2 min read · 18 January 2011
Emerus Hospital Partners LLC of The Woodlands, Texas, received $30 million in growth capital from Austin Ventures. Emerus is a system of licensed hospitals and satellite facilities. It plans to use the capital for its expansion plan, as well as for mergers and acquisitions.
3 min read · 18 January 2011
Coller Capital expects limited partners to reduce their exposure to funds of funds over the next three years, according to the London-based firm’s latest Global Private Equity Barometer. Coller also expects LPs to diversify their GP relationships.
5 min read · 18 January 2011
SnagFilms secured $10 million in growth capital from new investors New Enterprise Associates Inc. of Menlo Park, Calif., and Comcast Interactive Capital of Philadelphia, Pa. SnagFilm founder Ted Leonsis and Steve Case, who are both existing investors, participated in the latest round. Snagfilms plans to use the financing used to expand its distribution of independent films. Snagfilms is a web site that allows users to watch full-length documentary films for free.
6 min read · 18 January 2011
Ybrant Digital closed a $48 million round of financing in the form of both debt and equity. It plans to use the capital to develop new technology, expand internationally and explore acquisitions. Oak Investment Partners’ Oak India Investments affiliate participated in the financing. It was joined by existing investors, Asia Pacific Capital Ltd. of Hong Kong and ICICI Bank. Ybrant ia a Hyderabad, India-based digital marketing company.
2 min read · 18 January 2011
Stokes Inc. received $17 million through a Series E funding round. The Santa Clara, Calif.-based mobile broadband gateway provider has secured a total of about $92 million in funding to date. Focus Ventures of Palo Alto, Calif., led round E. Existing investors (DAG Ventures, Integral Capital Partners, Pilot House Ventures, Net One Systems Co., DoCoMo Capital Ltd., Mobile Internet Capital Inc., Sequoia Capital, and Kleiner Perkins Caufield & Byers) participated in the round. The latest capital obtained will be used to support an increased installed base and new network optimization projects.
3 min read · 18 January 2011
Edison Ventures of Lawrenceville, N.J., sold Presidium Inc., an education service management company, to Blackboard Inc. (Nasdaq: BBBB) for more than $20 million in proceeds. Edison Ventures said the transaction generated a 35 percent IRR.
3 min read · 14 January 2011
