PE Hub Staff
CHARLOTTE, NC — Carolina BroadBand Inc. today announced that an inability to raise the needed $400 million worth of debt financing has forced it to both push back the construction of its fiber optic telecom networks and reduce its workforce. The news comes just one year after the company raised $402 million from a consortium […]
MENLO PARK, CA — Knowledge Networks, an emerging leader in providing market intelligence to consumer businesses, has secured $40 million to fund further growth. The financing was led by new investor Maveron, with participation from existing investors Oak Investment Partners, Alloy Ventures, Meritech Capital Partners and Oak Hill Venture Partners. PALO ALTO, CA — Visionael […]
ANNAPOLIS, MD — iJET Travel Intelligence, the groundbreaking intelligence agency for the travel industry, has secured another $8.1 million in venture capital. The new money will give the Annapolis-based company the cash needed to execute its innovative business model of providing real time travel intelligence and customized travel services to corporate travel managers, travel agents […]
HOUSTON — Synhrgy HR Technologies, Inc. today announced the completion of a Series B financing agreement, totaling $25 million from venture capital firms, Richland Ventures and Validus Partners, as well as strategic partners, UnitedHealth Group Corporation and T. Rowe Price. Synhrgy (pronounced syn-er-gy), a national firm based in Houston, Texas, provides human resources technology and […]
PALO ALTO, CA — Technology Crossover Ventures (TCV) today announced that Amy Vernetti has joined the firm as a General Partner. Previously with Garage.com, Vernetti brings over 9 years of executive recruiting and strategy experience to TCV. Prior to TCV, Vernetti was the “Human Capitalist” at Garage.com, the leading venture capital investment bank. Vernetti created […]
ROTTERDAM — European online and wireless digital content syndication startup YourNews NV said June 12 it closed a
SAN FRANCISCO — Groxis, Inc., a next generation information and knowledge management software company today announced the addition of R.J. Pittman as CEO and member of the company’s founding team and board of directors. Mr. Pittman is founder and Managing Director of Venture Factory Partners, a San Francisco-based venture capital firm. He has led investments […]
ANDOVER, MA — CMGI Inc. (Nasdaq: CMGI) today reported net revenue of $301.0 million for the third quarter ended April 30, 2001, a 29% increase compared with the third quarter of fiscal 2000 and a 12% sequential decrease in quarterly revenue. Excluding the effects of charges related to depreciation, amortization of intangible assets and stock-based […]
CAMBRIDGE, MA — BioVentures II-Group of Funds managed by MPM Capital announced today the acquisition of a major ownership stake in Biovitrum AB, a Stockholm (Sweden) based biotechnology company formed by Pharmacia Corporation. MPM co-led the transaction with Nordic Capital, a leading private equity firm based in Stockholm. Additional investors include MPM BioEquities, Karolinska Investment, […]
NEW YORK — Hypnotic and Nibblebox announced today that they have completed their merger and closed a significant round of financing, led by Hypnotic’s initial investor Vivendi Universal, the second largest media company in the world, and the media group of Dresdner Kleinwort Capital, the private equity arm of the investment bank, Dresdner Kleinwort Wasserstein. […]