Angela Sormani
Catch up on the midweek news including a record year for venture capital in Asia, what funds are doing it for Oregon, Mizuho selling buyout fund stakes and an insight into an American Islamic growth equity transaction.
Technology company Andela has launched with a seed round of funding. Investors include Steve Case, Omidyar Network, Founder Collective, Rothenberg Ventures, Learn Capital, Melo7 Tech Partners, and Chris Hughes. The size of the round is undisclosed.
TBC Holdings, a holding company created to acquire and manage advertising, marketing and technology companies has acquired New York-based LocalVox Media. LocalVox provides a range of marketing software platforms targeting local and multi-location businesses. TBC Holdings is backed primarily by affiliates of Blackstone’s GSO Capital.
H.I.G. Capital has appointed former GSO Capital Partners' investor relations professional Jordan Peer as managing director and head of investor relations, based in New York.
Tiger Infrastructure Partners is to acquire a majority interest in Hudson Fiber Network. Further terms of the transaction were not disclosed. Established in 2002 and headquartered in Paramus, New Jersey, Hudson Fiber Network is a data transport provider for financial, carrier and enterprise clients.
COTA has closed $3.7 million in a planned $7 million Series A funding round led by Horizon Healthcare Services with participation from Med-Metrix. COTA is a big data platform designed by practicing oncologists to deliver real-time clinical outcomes data and cost analysis for cancer care.
Agari, a provider of real-time, data-driven security solutions has secured a $15 million Series C funding round led by Scale Venture Partners. Existing investors Alloy Ventures, Battery Ventures, First Round Capital and others also participated.
strong>Inivata has raised funding led by Imperial Innovations and including Cambridge Innovation Capital and Johnson & Johnson Development Corporation. Inivata is a clinical cancer genomics company.
Cassidy Turley has entered into an agreement with an affiliate of DTZ Investment Holdings to sell the business. DTZ is backed by TPG, PAG Asia Capital and Ontario Teachers' Pension Plan.
The Rural American Fund has reached a first closing of approximately $20 million for its second vehicle targeting the North American rural agribusiness market. The fund has a target of $75 million.