Fundraising

Fundraising Gets Even Slower for Funds-of-Funds: CORRECTED

ADESA to Aquire OPENLANE

ADESA, a unit of KAR Auction Services, has agreed to buy OPENLANE for $210 million cash. OPENLANE, of Redwood City, Calif., is a b2b automotive remarketing company.

Del Mar Datatrac Sold to Ellie Mae

Ellie Mae said Monday that it has acquired Del Mar Datatrac for $17.2 million in cash. The deal also includes $8 million in future cash payments over the next three years. Pleasanton, Calif.-based Ellie Mae provides automated services for the residential mortgage industry. Del Mar provides software, DataTrac, which is used by mortgage lenders to process and fund loans.

Jorkasky Joins Tengion's Board While Gavin Departs

Tengion said Monday that Diane Jorkasky, M.D., has joined its board, while Brenda Gavin, D.V.M., is stepping down. Jorkasky recently joined Endo Pharmaceuticals as a SVP, Clinical Development and Chief Medical Officer. Gavin is a managing partner at Quaker BioVentures, which was an early VC investor in Tengion. East Norriton, Pa.-based Tengion is a clincal-stage biotech that develops neo-organs and neo-tissues from a patient's own cells.

Tice Named CEO of SignalDemand

Mark Tice was named CEO of SignalDemand, a San Francisco-based provider of margin optimization software. Mike Neal, SignalDemand's former CEO, will continue as president.

Contagion Health To Merge with Health Month

Contagion Health, which was funded by YCombinator, is merging with Health Month to form Habit Labs. Contagion Health was founded by Jen McCabe, while Health Month was started by Buster Benson. McCabe will serve as CEO of Seattle-based Habit Labs, while Benson will be CTO, according to a statement.

Menlo Ventures Is Biggest Winner in Carbonite IPO

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.

Ascentium Capital, Backed by Vulcan Capital, Launches

Baird Venture Partners Leads $6.3 Mln Round for High Street

High Street Partners has closed $6.3 million in Series C financing led by Baird Venture Partners. Sigma Partners and Gold Hill Capital also invested. High Street offers cloud-based business services.