Firefly Energy Inc., a Peoria, Ill.-based developer of lead acid battery technology, has raised $15 million in Series C funding, according to a regulatory filing. VentureWire reports that Khosla Ventures and Infield Capital came aboard as new investors. The company had previously raised around $16 million from Stark Capital, KB Partners, Caterpillar, the Illinois Finance Authority […]
Albert “Rocky” Pimentel has joined McAfee Inc. (NYSE: MFE) as chief operating officer and chief operating officer, effective May 15. He previously was executive vice president and CFO of Glu Mobile. He also is a former partner with venture capital firm Redpoint Ventures. PRESS RELEASE McAfee, Inc. (NYSE: MFE) today announced that Albert […]
Houlihan Lokey has acquired the investment banking business of Acris, a financial boutique focused on the retail and consumer goods sectors in Continental Europe. Acris was formed in 2005, and last year advised Electra Partners on its sale of Deutche Woolworth. PRESS RELEASE Houlihan Lokey, a leading international investment bank, today announced that it […]
World Golf Tour, a San Francisco-based maker of an online golf game, has raised an undisclosed amount of Series B funding. Panorama Capital led the round, and was joined by return backer Battery Ventures. PRESS RELEASE World Golf Tour (www.worldgolftour.com), creators of the world's most authentic online golf experience, today announced Panorama Capital, a Menlo […]
ABU DHABI, May 5 (Reuters) – Abu Dhabi's Mubadala Development Co, an investment agency for the government of the world's fifth-largest oil producer, said it is seeking its first credit rating in a bid to lower borrowing costs. “We are using great advisers and will be rated by multiple agencies,” Chief Operating Officer Waleed al-Muhairi […]
NEW YORK (Reuters) – Goldman Sachs Group Inc (GS.N: Quote, Profile, Research) has shown it is not totally immune to the credit crunch as it makes deeper cuts in its business of arranging loans for leveraged buyouts, people familiar with the situation said. Sources say there is a significant restructuring under way in Goldman's leveraged […]
NEW YORK (Reuters) – JPMorgan Chase & Co (JPM.N: Quote, Profile, Research) executives will dominate the ranks of investment banking in North and South America following its takeover of Bear Stearns Cos (BSC.N: Quote, Profile, Research), according to an internal memo obtained by Reuters. With more half of nearly 14,000 Bear Stearns employees facing layoffs, […]
Range Fuels Inc., a Broomfield, Colo.-based developer of cellulosic ethanol production technology, has expanded its Series B round. The company originally announced that it had raised $100 million, but a regulatory filing indicates that the round has now expanded to $166 million (with $158m called down). Morgan Stanley Capital Group is the only investor on […]
Leostream Corp., a Waltham, Mass.-based hosted desktop connection broker, has raised $3 million in Series A funding led by Meakem Becker Venture Capital, according to a regulatory filing. www.leostream.com
LiveProcess Corp., a Verona, N.J.-based provider of an online application to manage a hospital's disaster preparedness plans and response, has raised $3.62 million in Series A funding, according to a regulatory filing. No institutional investors were disclosed. www.liveprocess.com