Private Equity
Bert Clark has been hired as the first CEO of the Investment Management Corp of Ontario (IMCO), a manager of Ontario public pension funds. Clark, who assumed the role last month, previously served as president and CEO of Infrastructure Ontario and head of Scotiabank's North American infrastructure finance practice. IMCO was formed by the Ontario government in July and is expected to begin operations next year. Its two inaugural members, the Workplace Safety and Insurance Board (WSIB) and Ontario Pension Board, provide it with initial assets under management of about $50 billion.
2 min read · 08 November 2016
Sonatype, which helps companies improve their software supply chains, has named Brian Fox as chief technology officer. Fox is a member of the Apache Software Foundation and former chair of the Apache Maven project. Sonatype is backed by New Enterprise Associates, Accel Partners, Hummer Winblad Venture Partners, Morgenthaler Ventures, Bay Partners and Goldman Sachs.
2 min read · 08 November 2016
Tom Gonser, the DocuSign founder who earlier this year stepped down as chief strategy officer at the company he launched in 2003, has joined Seven Peaks Ventures in Bend, Oregon, as a partner. Gonser said he will focus on entrepreneurs in the following sectors: enterprise workflow apps, smart contracts and blockchain, and identity and identity proofing. Gonser is the fourth operator to join Seven Peaks Ventures as a partner, alongside Matt Abrams and Steve Barham, who each joined last year from Oracle and LinkedIn, respectively; and Corey Schmid, who has a background in digital health and was most recently at Philips.
1 min read · 08 November 2016
London-based Felix Capital, which launched last year, announced it has added three new members to its team. Carmen Alfonso Rico (formerly at Morgan Stanley) has joined as an associate, while Stephanie Phair (formerly The Outnet) and Chloe Macintosh (formerly Made.com) were named to the firm's group of advisers. Felix is investing from its $120 million fund it raised last year and was a backer of Olapic, which Monotype agreed to buy in July for about $130 million.
1 min read · 07 November 2016
Third Rock Ventures has raised $616 million for a fourth venture fund, according to a blog post.
1 min read · 03 November 2016
App Annie, a provider of app insights and analytics, has named Aaron Mahimainathan as chief product officer. He is the former chief product officer at Telerik Inc. App Annie's backers include e.ventures, Greenspring Associates, Greycroft Partners, IDG Capital Partners, Institutional Venture Partners and Sequoia Capital.
3 min read · 03 November 2016
Ripple, a financial settlement solutions provider, has named Brad Garlinghouse to succeed Chris Larsen as CEO. Garlinghouse's appointment becomes effective January 1, 2017. Larsen will transition from CEO to executive chairman of Ripple's board of directors. Ripple's backers include Standard Chartered, Accenture Ventures, SCB Digital Ventures and SBI Holdings.
4 min read · 01 November 2016
Salt Lake City-based Venafi, a cyber security company, has hired Francois Delepine as chief financial officer. Previously, Delepine was CFO of Trimble Navigation. Venafi's backers include Foundation Capital, Intel Capital, Origin Partners, Pelion Venture Partners, QuestMark Partners, Mercato Partners and Silver Lake Partners
2 min read · 01 November 2016
Kansas City, Kansas-based ShotTracker, a maker of basketball wearable tech, has appointed Marlon Nichols to its board of directors. Nichols is a founder and general partner at Cross Culture Ventures.
3 min read · 01 November 2016
Dialpad, a provider of cloud communications solutions for businesses, has named Marc Andreessen to its board of directors. Andreessen is a co-founder and general partner of Andreessen Horowitz.
3 min read · 01 November 2016
