Private Equity
Cascadia Capital said Wednesday that it advised Plasco Energy Group in its $143 million in growth equity financing. Last week, Soros Fund Management led the investment for Ottawa-based Plasco, which provides technology that transforms solid waste into green power.
3 min read · 30 March 2011
Shutterfly has agreed to buy Tiny Prints. The deal includes $141 million in cash and roughly 3.9 million shares of Shutterlfy stock. Tiny Prints, of Sunnyvale, Calif., provides cards, invitations, personalized stationery and photo books. Tiny Prints has reportedly received funding from Technology Crossover Ventures and Summit Partners.
6 min read · 21 March 2011
STELLAService has raised $2 million in early stage funding led by Battery Ventures and DFJ Gotham Ventures. RRE Ventures, Consigliere Brand Capital, Doug Lebda, Mark Wachen and other angel investors also participated. New York-based STELLAService is a customer service ratings provider for online retailers.
4 min read · 21 March 2011
NetLogic Microsystems, a Santa Clara, Calif.-based chipmaker, said Monday that it has agreed to buy Optichron for an initial cash payment of $77 million. NetLogic said it may also provide up to $108.5 million in a milestone payment, as well as $12.5 million in additional consideration. Optichron's investors include U.S. Venture Partners, Battery Ventures, TL Ventures and VentureTech Alliance. The sale has been approved by the boards of both companies and is expected to close in second quarter.
4 min read · 21 March 2011
Advantage Capital Partners and Ironwood Capital have provided financing to three companies in Connecticut. They include Greenleaf Biofuels, Floop Inc. and NovaTract Surgical. Each of the companies received a pre-seed investment of $150,000. Ironwood, of Avon, Conn., is an investment management firm that provides private equity, mezzanine and senior debt investments. Advantage Capital is a VC firm.
3 min read · 15 March 2011
Living Proof has secured $16 million in Series B financing from Piper Jaffray Merchant Banking and existing investor, Polaris Venture Partners. Cambridge, Mass.-based Living Proof is a technology-based beauty company.
3 min read · 14 March 2011
Motorola Solutions Inc., via its investment arm Motorola Solutions Venture Capital, is planning to invest in at least five more start-up companies in 2011. The firm, formerly known as Motorola Ventures, manages 20 portfolio companies currently. It the coming months, it will focus on investments in mobile computing, cloud computing, video and video analytics, retail experiences and analytics, RFID-enabled solutions and security, the firm said in a release.
3 min read · 14 March 2011
StumbleUpon said Wednesday that it has completed a $17 million Series B round. Accel Partners, August Capital, DAG Ventures, First Round Capital and Sherpalo Ventures participated in the round. The previous round was led by Accel Partners, August Capital and Sherpalo Ventures.
2 min read · 09 March 2011
The FTC has granted early termination, under Hart-Scott Rodino, of Summit Partner's $127 million buy of Answers.com. The sale still needs certain other closing conditions, including approval of Answers.com's stockholders. A special meeting of Answers.com’s stockholders has been called for April 12. Summit announced its buy of Answers.com in February.
3 min read · 09 March 2011
appMobi has named Leland Westerfield their CFO. Most recently, he was an MD at BMO Capital Markets where he was responsible for the firm's internet and media sector investment banking practice. appMobi is a mobile solutions provider.
3 min read · 09 March 2011
