Private Equity
Seattle-based venture capital firm Maveron LLC is opening an office in San Francisco. It will be led by partner Amy Everett. Also in the office will be new principal Ben Choi, who recently joined Maveron from Storm Ventures.
4 min read · 18 November 2009
American Express Co. has agreed to acquire Revolution Money, a St. Petersburg, Fla.-based provider of secure payments through an Internet-based platform. The deal is worth approximately $300 million. Revolution Money had raised around $100 million, from firms like Goldman Sachs, Morgan Stanley, Citigroup, Deutsche Bank and Steve Case's Revolution LLC.
4 min read · 18 November 2009
Muzicall, a London-based provider of ringback tone services, has raised €9 million in new VC funding. Orkos Capital, Veddis Ventures and GP Bullhound were hjoined by return backers BlueRun Ventures and Thule.
4 min read · 18 November 2009
UNX, a Los Angeles-based provider of trading technology solutions, has secured an undisclosed amount of new private funding. Goldman Sachs and Vernon & Park Capital were joined by undisclosed existing investors.
3 min read · 18 November 2009
IPWireless, a San Francisco-based provider of 3GPP technology, has raised $15.5 million in Series A funding. Spark Capital led the round, with Lockheed-Martin Corp. also participating. IPWireless had raised over $155 million in VC funding before being acquired for around $100 million in 2007 by NextWave Wireless Inc. (Nasdaq: WAVE). The company's founders bought IPWireless back last year.
3 min read · 18 November 2009
Ready Financial, a Boise, Idah-based provider of prepaid debt cards and online bill payment services, has raised $7 million in Series B funding led by Rockbridge Growth Equity, a Detroit-based firm begun by Quicken Loans founder Dan Gilbert. Flybridge Capital Partners also participated, with partner Jeff Bussgang joining the Ready FInancial board of directors.
3 min read · 18 November 2009
Active Storage Inc., a Torrance, Calif.-based, has raised an undisclosed amount of Series A funding. Intel Capital led the round, and was joined by Mission Ventures and Valhalla Partners.
4 min read · 18 November 2009
2 min read · 18 November 2009
Joyent Inc., a Sausalito, Calif.-based developer of cloud computing technology, has raised an undisclosed amount of VC funding from Intel Capital.
3 min read · 17 November 2009
Braemar Energy Ventures has promoted Jiong Ma to the position of partner. She joined Braemar's Boston office in 2007, and has worked on such deals as Laser Light Engines, Convey Computer and Powervation.
3 min read · 17 November 2009
