New Enterprise Associates related stories
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- Slideshow: Top 10 PE-Backed Companies Waiting To Go Public
Did broad market volatility last week slam shut the IPO window? It's not really clear. IPOs, in August, typically fall into a lull as much of Wall Street goes on vacation. Fourth quarter is usually the strongest time for new offerings. But August has been very slow. Eleven IPOs were pulled last week due to poor market conditions. Of these, four were PE-backed, according to Dealogic. Carbonite, last week, succeeded in going public (shares of the company rose nearly 24% ../../115294/carbonite-ipo-opens-gains-nearly-20/ ). Including Carbointe, only three deals have priced this month (SandRidge Permian Trust and American Capital Mortgage Investment Corp. are the other two). Only one other deal is on deck for August, Dealogic says. It's not clear what will happen to companies waiting to go pubic. There are 54 private equity-backed companies that have filed for IPOs this year, worth a combined $12.54 billion, Dealogic says. Last year at this time, we also had 54 PE-backed companies that registered for an offering, raising a combined $15.8 billion. This included HCA's $3.5 billion deal. The IPO window will likely open back up but it's not clear what companies will be able to go pubilc. Of course, just because a company files for an IPO doesn't necessarily mean it will go public. Many times, companies file and just sit in registration as they wait for the perfect time to IPO. Or, as they wait, they get sold. Here's a list of the top 10 PE-backed IPO's that are currently in registration, according to Dealogic.
- ISGN Raises $30 Mln in Funding
ISGN Corp. has closed $30 million in funding from current investors including New Enterprise Associates, IndoUS Venture Partners and CFCL Overseas Ltd., a KK Birla company. Bensalem, PA-based ISGN provides mortgage technology and services in the US.
- Apprenda Inks $10M Series B
Apprenda, a Clifton Park, NY-based maker of a platform-as-a-service stack for .NET, has closed on $10 million in Series B financing. Ignition Partners led the round, which included participation from previous investors New Enterprise Associates and High Peaks Venture Partners. The money will help expand marketing and sales.
- SCI Solutions Gets Backing from Wicks, NEA
SCI Solutions, a provider of enterprise access management, physician connectivity and front-end revenue management software, has sealed an undisclosed amount of funding from New York-based private equity the Wicks Group of Companies and from New Enterprise Associates. Terms of the deal were not released. The funding, the company said, will support expansion.
- Leyden Energy Closes on $20M
Leyden Energy, a maker of lithium-ion batteries for the consumer electronics, energy storage and electric vehicle markets, has closed on $20 million in Series B financing led by New Enterprise Associates. Lightspeed Ventures, Sigma Partners and Walden International also joined in the round. The company will use the cash infusion to expand production of its suite of batteries, increase company staff and fund its future development of advanced battery technologies.