Jonathan Marino
CV Ingenuity, the privately-held medical device company, has raised $16 million led by VC New Enterprise Associates. Existing investors BioStar Ventures, Synergy Ventures and Western Technology also participated in the round.
MocoSpace, the online gaming platform, acquired Geocade, a location-based social games platform. Geocade founder and CEO Jim Caralis will join MocoSpace as vice president of MocoSpace’s HTML5 game platform. Specifics on the transaction were not publicized.
Tri-State Generation and Transmission Association, the not-for-profit wholesale energy provider, acquired a 272-megawatt natural gas-fired combined cycle power plant in Fort Lupton, Colo., from Starwood Energy Group. Starwood is an affiliate Connecticut-based private investor Starwood Capital Group. Specifics of the deal were not publicized.
The Comvest Group, the Florida-based private equity firm, beat its $500 million target for its fourth fund, nabbing $580 million for Comvest Investment Partners IV. The capital commitments in Comvest IV are from a diverse group of institutional investors, including U.S. state and city pension plans, insurance companies, college endowments, European government pension plans, and global private equity funds of funds.
Last month, the Times of India reported that Accel Partners was scrapping plans for a $400 million fund focused on late stage investments. However, Accel India is still raising a $150 million fund focused on early stage opportunities, sources tell peHUB. Accel is meeting with limited partners as it nears completion for the fund, slightly more than the VC was previously reported to be raising in July by Business Standard, another Indian publication. Accel is expected to close on the fund in a matter of weeks, three sources tell peHUB. The new fund will concentrate on early and seed stage investments, peHUB’s sources said. Return data on Accel’s first India fund
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Sorenson Capital will back Mindshare Technologies, leading a $20 million investment in the company. The PrivateBank and Trust Company contributed to the growth investment with an additional credit facility. Richard Hanks, the CEO and president of Mindshare, said that the company will primarily use the capital raised for growth, and not M&A. He suggested the financing might not be the last for Mindshare, which is projected to hit the $19 million mark for revenue in 2011.
Typekit, the subscription service for font types, has been acquired by listed strategic tech conglomerate Adobe. Specifics of the deal were not publicized. Investors in Typekit include True Ventures, Evan Williams, Freestyle Capital and Chris Sacca.
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Here’s a funny thing about investors that back firearms makers and parts suppliers: even if they agree with everything Texas Gov. Rick Perry says, the last thing any of them want is the Republican to win the White House next November. It would be terrible for business. Perry is as likely to back increased restrictions […]