Private Equity
Paul Capital promoted Jason Sambanju to managing director and co-head of its Asian operations, a role he will share with Managing Director Lucian Wu. Sambanju joined Paul Capital in August 2007 as a director in the firm's Hong Kong office. Paul Capital also hired Todd Miller as a New York-based principal on the firm's secondary investments team. Miller will be responsible for sourcing, analyzing, structuring and closing secondary private equity transactions. He was previously a partner at AEP Capital, which is an affiliate of Alpine Capital.
3 min read · 19 January 2011
The British Private Equity and Venture Capital Association (BVCA) hired Mark Florman as chief executive, Reuters reported. He replaces Simon Walker who took the role three years ago. Florman was previously a senior principal at Doughty Hanson & Co. Ltd. He formed Africa-focused fund 8 Miles LLP with Bob Geldof in 2010. Florman will remain involved with 8 Miles after he joins the BVCA.
2 min read · 19 January 2011
Baird Private Equity promoted both James Pavlik and Benedict Rocchio to partner from principal at Baird Venture Partners. Baird Private Equity also promoted Aaron Rudberg to principal from vice president. Rudberg will remain director of investor relations for Baird Private Equity, which is private equity group of Robert W. Baird & Co.
3 min read · 19 January 2011
Internet publisher Cheezburger received $30 million in funding. Foundry Group of Boulder, Colo., led the investment with Madrona Venture Group, Avalon Ventures, and SoftBank Capital. Cheezburger plans to use the capital to hire more employees and fund other marketing and growth initiatives. Cheezburger is expanding its board to include Foundry Group’s Brad Feld , Madrona Venture’s Greg Gottesman and Avalon Ventures’ Rich Levandov.
4 min read · 19 January 2011
Rho Ventures of New York promoted Hugh Browne and Medha Vedaprakash as principals. Browne and Vedaprakash were associates. Browne joined the firm in 2008 and is based in Palo Alto, Calif. Vedaprakash joined the firm’s New York office in 2007.
2 min read · 18 January 2011
GlobalTranz Inc. closed its first institutional round of financing and secured $10 million. Volition Capital LLC of Boston, Mass., led the investment. GlobalTranz is a Phoeniz, Ariz.-based transportation management and logistics company. Larry Cheng, who is a managing partner at Volition, will join GlobalTranz’s board. Sean Cantwell, a principal of Volition, will serve as an observer.
3 min read · 13 January 2011
Baynote Inc. closed a Series C financing at $13 million. SingTel Innov8, the corporate venture arm of SingTel Group, led the investment. Existing investors including Hummer Winblad, Steamboat Ventures and JK&B Capital, participated in the round. Baynote also hired Doug Merritt as president and CEO. Baynote is a California-based provider of personalization and digital marketing optimization solutions.
4 min read · 13 January 2011
Battery Ventures LP promoted Chelsea Stoner to principal. Stoner previously served as a vice president for the Waltham, Mass.-based investment firm. Stoner is based in Menlo Park, Calif., and focuses on growth equity and buyout investments in the software and digital media markets.
3 min read · 13 January 2011
Viridity Energy raised a Series B financing led by Braemar Energy Ventures of New York. Intel Capital of Santa Clara, Calif. became an investor in the Conshohocken, Pa.-based energy resource management company. Terms were not disclosed. The financing will allow Viridity to accelerate the commercial growth of its real-time dynamic demand management platform. Braemar’s Scott DePasquale will join Viridity’s board of director.
3 min read · 10 January 2011
Austin Ventures LP of Austin, Texas promoted Mike Dodd to partner and Scott Donaldson to principal. Dodd joined the firm in September 2008 and focuses on early and expansion-stage technology-enabled business and consumer services. Donaldson joined the firm in 2007 and focuses on platform acquisitions and growth equity.
3 min read · 10 January 2011
