Knewton, a New York-based online education startup run by former venture capitalist Jose Ferreira, has raised $2.5 million in Series A funding, according to a regulatory filing. Backers include Accel Partners and First Round Capital. Simon Levene of Accel's London office and Josh Kopelman of First Round have taken board seats. Ferreira is a […]
Actelis Networks, a Fremont, Calif.-based provider of carrier Ethernet-over-copper solutions, has raised $15 million in Series F funding, according to a regulatory filing. Return backers include Global Catalyst Partners, Dupont Capital, Carlyle Venture Partners and ATA Ventures. The company has raised around $165 million in total VC funding since its 1998 inception. www.actelis.com
Riccardo Ruggiero, former CEO of Telecom Italia, has joined Permira as a senior advisor. PRESS RELEASE Permira, an international private equity firm, announced today the appointment of Riccardo Ruggiero, former CEO of Telecom Italia, as Senior Adviser to the Firm. Mr. Ruggiero will support Permira in identifying investment opportunities across a number of […]
American Capital Strategies has committed $300 million to help form Core Business Credit, a commercial finance company that will provide asset-based financing to middle market companies in the U.S. Core Business Credit also has secured a $125 million senior credit facility from Autobahn Funding Co. PRESS RELEASE American Capital Stategies Ltd. (Nasdaq: ACAS) […]
Mindjet Corp., a San Francisco-based provider of software that lets people organize and express their ideas visually, has acquired a project management software application from Gantt Solution. No financial terms were disclosed. Mindjet has raised over $20 million from 3i and Investor Growth Capital. PRESS RELEASE Mindjet
IAC Consumer Applications & Portals, a unit of IAC/InterActive Corp., has acquired StarNet Interactive, an Israel-based maker of a fashion-centric social network for teen girls (GirldSense.com). No financial terms were disclosed. StarNet was spun out of Gteko as an independent company in late 2006, with $2.7 million in funding from firms like Leo Capital Holdings […]
EPAM Systems, a provider of software development outsourcing in Eastern Europe and Russia, has raised $50 million in new VC funding. Participants include Renaissance Investment Management and Da Vinci Capital co-led the round, and were joined by Euroventures Capital. EPAM had raised $25 million in funding from Siguler Guff & Co. in 2006. PRESS […]
Ascension Insurance Inc., a Kansas City-based insurance and employee benefits agency focused on mid-market companies nationwide, has acquired Employers Mutual of Stuart, Florida. No financial terms were disclosed. Ascension Insurance is a portfolio company of Parthenon Capital and Century Capital Management. PRESS RELEASE Ascension Insurance, Inc. has announced the acquisition of Employers Mutual, […]
Outside.in, a Brooklyn, N.Y.-based developer of local news/blog websites, has raised $3 million in new VC funding. New York City Investment Fund was joined by return backers Union Square Ventures, Milestone Venture Partners, Betaworks and individual angels. PRESS RELEASE Outside.in the web's leading platform for neighborhood news and conversation, announced the hiring of […]
Row 44, a Westlake Village, Calif.-based provider of airborne broadband systems for commercial aviation, has raised $21 million in new funding led by PAR Capital Management. PRESS RELEASE Row 44, the leading provider of airborne broadband systems for commercial aviation, announced today that it has closed a financing of over $21 million. PAR Capital […]