Private Equity
Google has finally completed its $700 million buy of ITA Software, according to a statement Wednesday from Battery Ventures Wednesday. The sale of ITA had been held up by regulators. The DOJ recently approved the transaction. ITA’s investors include Battery Ventures, General Catalyst Partners, PAR Investment Partners, Sequoia Capital and Spectrum Equity Investors.
2 min read · 13 April 2011
Just-Eat Canada, which is part of the Just-Eat Group, has acquired YummyWeb. Financial terms weren't announced. Just-Eat, a takeaway ordering service, raised $48 million in March in a round led by Greylock Partners and Redpoint Ventures. YummyWeb is an online food ordering service in British Columbia.
2 min read · 13 April 2011
VC fundraising may have surged in first quarter, but there isn’t much hope this will be a long-lasting trend. Yesterday, we asked you if you thought the VC fundraising market was back. Our optimism was high after Q1 saw 38 U.S. VC funds raise $6.6 billion, the most since third quarter 2008.
1 min read · 08 April 2011
2 min read · 08 April 2011
LivingSocial confirmed Wednesday that it has secured an additional $400 million in funding. It did not name investors. So far, the daily deal site has raised more than $600 million.
3 min read · 06 April 2011
Preqin came out with its first quarter fundraising numbers and there weren’t any surprises. Globally, there were 92 funds that reached a final close in first quarter, raising $42.3 billion. The totals are the lowest amounts since 2003, according to data from Preqin. U.S. funds raised the most capital during the time period. Forty-five U.S. funds collected $25.9 billion in first quarter, while 24 European-focused pools totaled $6.5 billion. Another 24 funds, focused on Asia and the rest of the world, gathered $9.9 billion. Fundraising in the U.S. is going up, according to Buyouts, our sister publication. In first quarter, 43 funds raised $18.3 billion. This compares to 49 funds that collected $10.2 billion in first quarter 2010. However the Buyouts data covers only U.S. buyout and mezzanine funds, both interim and final closings.
2 min read · 01 April 2011
Michael McConnell has joined U.S. Capital Advisors as an MD. McConnell will focus on working with energy entrepreneurs.
2 min read · 30 March 2011
MobPartner has closed a $3.5 million first round of funding from Alven Capital and Newfund. MobPartner’s platform lets advertisers pay for a defined action like sales, registration or downloads.
2 min read · 30 March 2011
BaseKit has raised $6.5 million in VC funding from Nauta Capital, Eden Ventures and the National Endowment for Science, Technology and the Arts. BaseKit, an online website design and hosting service, has received a combined $10 million in funding during the past year.
4 min read · 30 March 2011
SoundCure has closed a $3 million round of funding led by Allied Minds. SoundCure is developing an acoustic therapy to treat tinnitus.
3 min read · 30 March 2011
