Private Equity
QuickPay Corp. has acquired Nautical Technologies, the parking, transit and tolling tech division of ANAi Global. No financial terms were disclosed. The merged company will now be known as LocoMobi, Inc. Headquartered in Ontario, Nautical Technologies is a parking management solutions provider. QuickPay is backed by A16Z Seed, Advanced Technology Ventures, Ecomobilite Ventures, IncWell and Fontinalis Partners.
7 min read · 21 April 2014
Online credit marketplace Lending Club said Thursday that it has bought Springstone Financial for a consideration of $140 million. To help finance this transaction, Lending Club raised $50 million in debt financing and also $65 million in an equity round from funds and accounts managed by T. Rowe Price Associates, Wellington Management Company, BlackRock and Sands Capital. Based in Westborough, Mass., Springstone Financial is a provider of affordable financing options for consumers seeking to fund private education and medical procedures. Lending Club's backers include Kleiner Perkins Caufield & Byers, Google Capital, Foundation Capital, Thomvest Ventures, Union Square Ventures, Canaan Partners and Norwest Venture Partners.
3 min read · 17 April 2014
Aline Aesthetics, a subsidiary of TauTona Group, has sold Aline hyaluronic acid thread technology to Allergan. No financial terms were disclosed.
2 min read · 17 April 2014
Aline Aesthetics, a subsidiary of TauTona Group, has sold Aline hyaluronic acid thread technology to Allergan. No financial terms were disclosed.
2 min read · 17 April 2014
Twitter Inc said on Tuesday it bought social data provider Gnip for an undisclosed amount, signaling that it would take on a new role of packaging and selling data, a service in demand by business and government, Reuters reported.
2 min read · 16 April 2014
Twitter Inc said on Tuesday it bought social data provider Gnip for an undisclosed amount, signaling that it would take on a new role of packaging and selling data, a service in demand by business and government, Reuters reported.
2 min read · 16 April 2014
Epirus Biopharmaceuticals said Wednesday that it has secured $36 million in Series B funding. Livzon Mabpharm led the round with participation from other investors that include Adage Capital, Greenwoods Investment, Gibralt US, Monashee Capital Partners, TPG Biotech, Montreux Equity Partners and 5AM Ventures. Also, Epirus will merge with Zalicus. No financial terms were disclosed. The merged entity will be led by Amit Munshi as president and CEO. Based in Boston, Epirus is a biopharmaceutical firm focused on biosimilar monoclonal antibodies while Zalicus specializes in developing new treatments for patients suffering from pain and inflammation.
5 min read · 16 April 2014
iBrands Corp. said Tuesday that it has completed its acquisition of Hatchbrands Ventures. No financial terms were disclosed. Based in Ottawa, Hatchbrands Ventures is an internet accelerator.
2 min read · 15 April 2014
IBM said Thursday that it has agreed to acquire Silverpop. No financial terms were disclosed for the transaction, which is expected to close in the second quarter of 2014. Based in Atlanta, Silverpop is a provider of digital marketing technology. Its backers include Escalate Capital Partners, D.E. Shaw, Draper Fisher Jurvetson and Silicon Valley Bank.
3 min read · 10 April 2014
IBM said Thursday that it has agreed to acquire Silverpop. No financial terms were disclosed for the transaction, which is expected to close in the second quarter of 2014. Based in Atlanta, Silverpop is a provider of digital marketing technology. Its backers include Escalate Capital Partners, D.E. Shaw, Draper Fisher Jurvetson and Silicon Valley Bank.
3 min read · 10 April 2014
