Wellington Management related stories
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Datalogix pulls in $45 mlnDatalogix has raised $45 million in financing. Wellington Management Company led the round with participation from return backer Institutional Venture Partners. Datalogix connects digital advertising to in-store sales.
- Spark Therapeutics attracts $72.8 mln Series B
Spark Therapeutics has closed $72.8 million in Series B financing. Sofinnova Ventures led the round with participation from Brookside Capital, Deerfield Management Company, Rock Springs Capital, T. Rowe Price Associates, Wellington Management Company, The Children's Hospital of Philadelphia and two unnamed healthcare funds. Based in Philadelphia, Spark Therapeutics is a developer of gene therapy products that treat rare, debilitating diseases.
- Malauzai Software pulls in $6.48 mln
Malauzai Software has closed $6.48 million in Series C funding. Wellington Management Company led the round. Based in Austin, Malauzai provides mobile banking apps for community financial institutions.
- Blackrock and Passport Capital leads $100 mln for New Relic
Software analytics provider New Relic has raised $100 million in funding. Blackrock and Passport Capital led the round with participation from T. Rowe Price Associates and Wellington Management. According to the firm, the capital infusion will be used for product development and international expansion. Allen & Company advised New Relic on the transaction and helped arrange the financing.
- VC-backed Lending Club raises $115 mln, acquires Springstone for $140 mln
Online credit marketplace Lending Club said Thursday that it has bought Springstone Financial for a consideration of $140 million. To help finance this transaction, Lending Club raised $50 million in debt financing and also $65 million in an equity round from funds and accounts managed by T. Rowe Price Associates, Wellington Management Company, BlackRock and Sands Capital. Based in Westborough, Mass., Springstone Financial is a provider of affordable financing options for consumers seeking to fund private education and medical procedures. Lending Club's backers include Kleiner Perkins Caufield & Byers, Google Capital, Foundation Capital, Thomvest Ventures, Union Square Ventures, Canaan Partners and Norwest Venture Partners.
- PineBridge Investments adds four to team
PineBridge Investments has appointed four new senior professionals to its Americas business development team. The appointments include Stephen Keep, senior vice president; Joe Fague, senior vice president; James J. Smith, senior vice president and Gene Guevara, vice president.
- Mallinckrodt agrees to buy VC-backed Cadence Pharmaceuticals for $1.3 bln
Mallinckrodt plc has agreed to acquire Cadence Pharmaceuticals for $14 per share or approximately $1.3 billion. Deutsche Bank Securities is advising Mallinckrodt on the transaction while Lazard and Centerview Partners are advising Cadence Pharmaceuticals. Based in San Diego, Cadence is a biopharmaceutical company. Its backers include Domain Associates, Frazier Healthcare Ventures, Wellington Management, Versant Ventures, Bay City Capital and NEA.
- nCino gets $10mln investment
nCino has received a $10 million investment from Wellington Management Company. This will help accelerate nCino’s growth into the community bank and credit union markets.
- Maine loses head of alternatives
Ned Creedon has left MainePERS to join the University of Illinois Foundation as its head of private investments.
- REORIENT Group expands team with two new additions
Financial services firm REORIENT Group has hired Jeremy Gray as a managing director and Andrew Mullins as a senior equity sales trader. Both will be based in the firm's Hong Kong office. Prior to joining REORIENT, Gray worked at Standard Chartered where he was head of resources equity research while Mullins was at Wellington Management where he served as senior Asian equity trader.