Community Energy, Inc, raised $4m in a Series A round of funding, led by SJF Ventures, a venture capital fund with offices in Durham, NC, New York and san Francisco. NGP Energy Technology Partners also invested. The deal includes an option to invest another $2 million. Community Energy will use the funds to develop solar energy projects in the Northeast, Mid-West, and West.
3 min read · 06 October 2010
Protean Holdings Corp. hired Bob Purcell as chairman and chief executive. Purcell was most recently a board member and strategic adviser to the developer of in-wheel electric drive systems. He previously worked at General Motors Corp. on the GM EV-1 electric vehicle. Purcell left GM in 2008. Oak Investment Partners of Westport, Conn., is an investor in Protean Holdings.
4 min read · 06 October 2010
Netmagic Solutions raised Rs. 70 crores. Nokia Growth Partners and Cisco Systems led the funding round for the India-based provider of managed information-technology hosting services provider. Existing investors Fidelity International and Nexus Venture Partners participated.
3 min read · 06 October 2010
San Francisco-based Eventbrite closed a Series D funding round at $20 million. DAG Ventures led the round, which includes new investor Tenaya Capital. The event ticketing company’s only previous venture capital backer investor Sequoia Capital also participated. Eventbrite now has total funding of $29.5 million.
2 min read · 06 October 2010
Pathwork Diagnostics, a Redwood City, California-based molecular diagnostics company, has raised $30 million in Series C financing, it announced. The round was led by Alta Partners, with return investors Abingworth, Advent Venture Partners, Novus Ventures, Prospect Venture Partners and Venrock. Pathwork also announced that David Mack, PhD, a director at Alta Partners, has joined the board of directors.
3 min read · 06 October 2010
Passenger, a social network products company based in Los Angeles, California, has raised $7.5 million in an investment round led by Dr. Bahram Nour-Omid and existing investors Shelter Capital Partners, StarVest Partners and Steamboat Ventures. Dr Nour-Omid, a partner at Shelter Capital, has been appointed CEO, with Steve Howe as Chairman.
3 min read · 06 October 2010
SocialShield secured $10 million in a Series A financing round. The San Bruno, Calif.-based company provides a service that lets parents monitor their kids’ use of the social networks Facebook, MySpace and Twitter. The round was led by Venrock, U.S. Venture Partners and unspecified Silicon Valley angel investors.
4 min read · 05 October 2010
Mobile data company Acision has raised $100 million in funding from existing shareholders Access Industries, owned by Len Blavatnik, a co-shareholders International Investment and Underwriting (IIU), owned by Irish investor Dermot Desmond, and Atlantic Bridge.
3 min read · 05 October 2010
A study by HEC School of Management and Golding Capital Partners has found that private equity beats the stock market over the long term by 7%. The study covered more than 4,000 realized transactions in Europe and the USA between 1977 and 2009, and found that that 7.1 percent outperformance of the stock market increased to 15.5 percent during recessions. Golding Capital Partners is a German fund-of-funds manager. HEC (Ecole des Hautes Etudes Commerciales) is considered to be one Europe’s best business schools.
3 min read · 05 October 2010
IT company Adaptivity has raised $7.2 million in Series A funding, which was co-led by Noro-Moseley Partners and Intersouth Partners. Adaptivity, based in Charlotte, North Carolina, will use the financing to develop its intelligent IT blueprinting software.
3 min read · 05 October 2010
