Private Equity
Accelerator Corp. has appointed Thong Q. Le as its new CEO. Le replaces Carl Weissman, the company's founding CEO, who is now a senior advisor. Previously, Le worked at WRF Capital, the VC arm of Washington Research Foundation, serving as a managing director. Based in Seattle, Accelerator Corp. is a biotechnology investment firm.
3 min read · 29 January 2014
Nebula has hired Vish Ishaya as chief technology officer. The appointment is effective immediately. Ishaya was a a member of the NASA team that created OpenStack. Based in Mountain View, Calif., Nebula is a private cloud company. Its backers include Kleiner Perkins Caufield & Byers, Comcast Ventures and Highland Capital Partners.
2 min read · 29 January 2014
The federal Minister of Finance Jim Flaherty has named Annette Verschuren as the new chair of the Venture Capital Expert Panel. Verschuren is currently Chair and CEO of NRStor Inc, a business focused on accelerating the commercialization of energy storage technologies. The panel was previously chaired by Canadian private equity professional Sam Duboc, who was recently appointed chair of the board of directors of the Business Development Bank of Canada. Established in May 2013, the panel advises the government on key issues of venture capital policy, including the $400 million Venture Capital Action Plan (VCAP), launched last year.
3 min read · 28 January 2014
New Enterprise Associates has hired Paul Palmieri as venture advisor. Palmieri is the founder and former chairman/CEO of Millennial Media.
3 min read · 27 January 2014
Accel Partners has announced the addition of Eric Wolford as venture partner. Wolford, who currently sits on the boards of BitTorrent and Jut, previously was with Riverbed Technology. At Accel, he will focus on enterprise IT and data-driven software. Wolford is the second new addition at Accel in less than two months. In early December, Brian O'Malley came over from Battery Ventures and joined Accel as partner.
3 min read · 24 January 2014
Lisa Suennen has left Psilos Group after 15 years with the firm to serve as a consultant to venture firms, startups and corporations as she evaluates new opportunities
1 min read · 23 January 2014
Russell Reynolds Associates has added Mindy Kairey to the firm's healthcare sector. Kairey, who is based in Chicago, previously worked at MSK Ventures where she served as a business advisor. Russell Reynolds Associates is a global executive search and assessment firm.
3 min read · 23 January 2014
Lynda.com has expanded its executive team with four new additions. Joining the firm are Alex Zivoder, who is coming on board as vice president and managing director of EMEA; Shveta Mujumdar, who has been named vice president of corporate development; Ken Sandy, who has been tapped as vice president of product; and Michael Lydon, who has been hired vice president of technology operations. Headquartered in Carpinteria, Calif., Lynda.com is an online education company. It is backed by Accel Partners, Meritech Capital Partners and Spectrum Equity.
3 min read · 22 January 2014
Canadian venture capital firm iNovia Capital has promoted two of its principals, Kevin Swan and Karamdeep Nijjar, to partner roles. The firm said these promotions are intended to pave the way for iNovia's next phase of growth, support the growth of deal flow and its Canadian and U.S.-based portfolio companies, which currently total 46, and evaluate over half a dozen potential exits in 2014. With headquarters in Montréal and managed capital totaling $275 million, iNovia is focused on making early-stage investments in digital media, SaaS, e-commerce and connected devices. In Apr. 2013, peHUB Canada interviewed the firm's managing partner Chris Arsenault on deal-making activity and trends in the domestic market.
3 min read · 21 January 2014
iNovia Capital has promoted Kevin Swan and Karamdeep Nijjar to partner. With offices in New York City, Montreal and Calgary, iNovia Capital is an early-stage VC firm focused on companies in the tech sectors.
3 min read · 21 January 2014
