F. Morgan Rodd has joined Milestone Venture Partners as a general partner. He previously was a co-founding partner of ArrowPath Venture Partners.
3 min read · 04 February 2009
HomeAway Inc., an Austin, Texas-based operator of an online vacation rentals website, has acquired Homelidays SAS, a Paris-based operator of a pan-European for-rent-by-owner vacation rental or “self-catering” site. No financial terms were disclosed. HomeAway has raised over $480 million in VC funding, from firms like Technology Crossover Ventures, Institutional Venture Partners, Redpoint Ventures, Trident Capital, Austin Ventures and American Capital.
8 min read · 04 February 2009
Bejul Somaia has joined the India affiliate of Lightspeed Venture Partners as a managing director. He previously was co-managing director Twiga Fiberglass, an Indian building materials company. www.lightspeedvp.com
1 min read · 04 February 2009
Finsbury Solutions, a London-based provider of spreadsheet management and control software, has acquired the assets of Compassoft Inc., a Scotts Valley, Calif.-based provider of SOX regulatory compliance and enterprise risk management software. No financial terms were disclosed. Compassoft had raised around $16 million in VC funding, from firms like Advanced Technology Ventures, Leapfrog Ventures and Wavepoint Ventures.
2 min read · 04 February 2009
1 min read · 04 February 2009
Cambridge Broadband Networks, a UK-based provider of point-to-multipoint transmission equipment to telecom operators, has raised $7.5 million in new VC funding. Return backers include Accel Partners, Adara, Amadeus Capital Partners and TVM. It had previously raised around $66 million.
2 min read · 04 February 2009
Borrego Solar Systems Inc., an El Cajon, Calif.-based designer and installer of grid-tied solar electric power systems, has raised $14 million in new VC funding. No investor information was disclosed by the company, which was founded in 1980.
3 min read · 04 February 2009
Carmel Ventures has promoted both Itzik Avidor and Ronen Nir to the position of partner. Ronen previously served as a principal, while Itzik served continues to serve as CFO.
3 min read · 04 February 2009
South49 Solutions, a Sterling, Va.-based provider of solutions for managing distributed workforces, has raised $1.2 million in Series A funding led by Originate Ventures. As part of the deal, convertible debt holders like CIT GAP Funds were converted to equity holders.
3 min read · 04 February 2009
Napo Pharmaceuticals Inc. of South San Francisco has raised an undisclosed amount of VC funding from Asset Management Company. The capital will be used to fund a wholly-owned subsidiary of Napo, which is in late-stage clinical development of an anti-diarrheal compound.
5 min read · 04 February 2009
