T. Kevin DeNicola has stepped down as senior vice president and CFO of KBR (NYSE: KBR), in order to pursue "venture capital opportunities in the alternative fuels area."
1 min read · 30 August 2009
BPT, an Israeli developer of chemically-stable membrane-based separation solutions for critical industrial processes, has raised $12 million in Series B funding. U.S. Venture Partners and Pitango Venture Capital co-led the round, and were joined by return backers Aurum Ventures and Elron Electronic Industries.
4 min read · 30 August 2009
Woody Marshall, a general partner of Technology Crossover Ventures, has joined the board of TheStreet.com (Nasdaq: TSCM). TCV invested $55 million into TSCM in November 2007 – buying preferred stock that would convert into common at $14.26 per share. Fellow TCV partner Jay Hoag quietly resigned from the TSCM board earlier this year.
3 min read · 28 August 2009
Synfora Inc., a Mountain View, Calif.-based provider of algorithmic synthesis tools for IC and system designers, has bought the Esterel Studio suite of EDA tools from Esterel Technologies SA. No financial terms were disclosed. Synfora has raised around $27 million in VC funding, from firms like ATA Ventures, Foundation Capital, Wafra Partners, Xilinx and U.S. Venture Partners. Esterel Technologies backers include Galileo Partners, Eurofund, 123Ventures and La Financiere de Brienne.
3 min read · 28 August 2009
TIBCO Software Inc. (Nasdaq: TIBX) has acquired DataSynapse Inc., a New York-based provider of enterprise grid and cloud computing software. The deal is valued at approximately $28 million in cash. DataSynapse had raised around $46 million in VC funding beginning in 2000, from firms like Bain Capital Ventures, Broadview Capital Partners, Goldman Sachs, Greenhill SAVP, Intel Capital, NeoCarta Ventures, Rare Ventures, Stonehenge Capital, Wand Capital and Wachovia.
2 min read · 28 August 2009
DotNetNuke, a Seattle-based developer of an open-source application framework for the Microsoft tech platform, has acquired SnowCovered, an online marketplace for DotNetNuke modules, skins, services and related product. No financial terms were disclosed. DotNetNuke has raised around $6 million in VC funding from August Capital and Sierra Ventures.
3 min read · 28 August 2009
Think Global AS, a Norwegian electric car maker, has emerged from bankruptcy after restructuring its debt and raising $47 million in new equity capital. New investors include Ener1 Inc. (USA), Valmet Automotive (Finland) and Investinor (Norway), while returnees included Rockport Capital Partners and Kleiner Perkins (which previously held a stake in a US subsidiary which has now been folded into the Norweigen parent). It's unclear if past backers like Element Partners, British Hazel Capital and CG Capital participated. Think Global had previously raised around $85 million.
4 min read · 28 August 2009
MOG, a Berkeley, Calif.-based online music community and blog network, has raised $5 million in new VC funding. Menlo Ventures led the round, and was joined by return backers Simon Equity Partners and Scott Jones. The company previously raised around $5.75 million. www.mog.com
1 min read · 28 August 2009
2 min read · 28 August 2009
CardioMEMS Inc., an Atlanta-based developer of wireless medical pressure sensors, has raised $22.1 million in sixth-round funding from existing shareholders. The company previously had raised around $85 million, from firms like Arcapita Ventures, Boston Millennia Partners, Medtronic, Easton Capital Partners, Foundation Medical Partners, Arboretum Ventures, Deerfield Capital Management, Vision Capital Advisors, Aperture Venture Partners and Rockport Venture Securities.
3 min read · 27 August 2009
