Washington, DC-based Updata Partners raised $160 million toward a targeted $275 million fifth fund, according to an SEC filing.
1 min read · 18 March 2016
Chicago-based HighGround, an employee engagement platform, raised $7.6 million in Series A1 financing. KDWC led the funding round with participation from existing investors including Columbus Nova Technology Partners and Lightbank. HighGround has raised more than $19 million to date.
3 min read · 18 March 2016
Bain Capital Ventures hired Jeff Williams as an operating partner in the firm’s San Francisco office, where he will focus on infrastructure software and security companies.
2 min read · 18 March 2016
Atomico, the venture firm started by Skype co-founder Niklas Zennström, has set out to raise $750 million for its fourth fund, according to a filling with the SEC. Based in London, Atomico backs technology companies. On Monday, it made a $25 million investment in LendInvest, an online marketplace for property finance in the UK.
1 min read · 18 March 2016
Crowdfunding site Kickstarter acquired Brooklyn-based Drip, a platform that lets musicians connect with fans. The acquisition, which is Kickstarter’s first, comes a day before Drip was scheduled to shut down. Drip has received seed funding from Brooklyn Bridge Ventures and Collaborative Fund, among others.
1 min read · 18 March 2016
Pieces Technologies, a health information technology company based in Dallas, raised $21.6 million in Series A funding. Pacific Advantage Capital and Jump Capital led the round with participation from healthcare system Children’s Health, Order of Saint Francis Healthcare System, the Parkland Center for Clinical Innovation (PCCI) and others.
4 min read · 17 March 2016
Gate Ventures PLC invested 1 million pounds ($1.45 million) for a 5 percent stake in PlayJam, a UK-based technology company that delivers online big-screen gaming and video-on-demand content to users. Gate's share of the company will increase to 8 percent if certain criteria are met.
3 min read · 17 March 2016
Brazil's iFood, an online food delivery platform in Latin America, acquired the technology of meal delivery service SpoonRocket, which shut down on Tuesday.
3 min read · 17 March 2016
Afluenta, peer-to-peer lending network in Latin America, raised $8 million in a Series B funding round. The International Finance Corporation and Elevar Equity each invested $4 million in the company. Afluenta was launched in 2012 by Argentinean entrepreneur Alejandro Cosentino.
4 min read · 17 March 2016
M-Files Corp, a Finnish document management company, raised $36 million in a Series B funding round led by Partech Ventures with participation from Finnish Industry Investment and Draper Esprit. M-Files has offices in Europe and in Dallas, Texas.
4 min read · 17 March 2016
