Watercooler, a Mountain View, Calif.-based developer of entertainment applications for social networks, last October raised $4 million in first-round funding from Canaan Partners. www.watercooler-inc.com
NEW YORK, April 30 (Reuters) – Meebo, a popular Web-based service where users can simultaneously sign in to multiple instant messaging accounts, has raised $25 million in new funds from various investors, including Time Warner Inc (TWX.N: Quote, Profile, Research). This third round of financing boosts Meebo's kitty to $37.5 million, and CEO and co-founder […]
On Deck Capital Inc., a New York-based provider of financing for small businesses that wouldn't normally qualify for bank loans, has raised $10 million in Series B funding. RRE Ventures led the round, and was joined by Village Ventures, First Round Capital, Khosla Ventures and Contour Venture Partners. The deal closed last December. www.ondeckcapital.com
Astute Medical Inc., a San Diego-based medical diagnostics company focused on high-risk conditions, has raised $6.25 million in Series A funding led by De Novo Ventures. PRESS RELEASE Astute Medical, Inc. today announced it has raised $6.25 million in an initial financing round led by De Novo Ventures. The proceeds will primarily be […]
New Relic Inc., a Menlo Park, Calif.-based provider of Ruby on Rails application performance management solutions, has raised $3.5 million in first-round funding from Benchmark Capital. PRESS RELEASE New Relic, Inc., a leading provider of Ruby on Rails application performance management solutions, today announced it has received $3.5 million in first-round venture financing from […]
Headway Capital Partners has closed its second private equity secondaries fund with EUR 150 million in capital commitments. The UK-based firm had raised EUR 52 million for its debut secondaries fund in June 2005. PRESS RELEASE Headway Capital Partners is pleased to announce the closing of its second private equity secondaries fund, Headway […]
Jones Day has made two additions to its private equity team in Pittsburgh: Fran Muracca II as a partner and Samuel Goncz as counsel. Both men previously were with Buchanan Ingersoll & Rooney. PRESS RELEASE International law firm Jones Day today announced the expansion of its Private Equity Group in Pittsburgh through the additions […]
A123Systems, a Watertown, Mass.-based maker of lithium-ion batteries, has selected Goldman, JPMorgan and Merrill as bankers for its IPO, according to Scott Kirsner. The company is waiting to file the S-1 until its Q1 financials are finalized. At that point, expect a September road show and a valuation that could top $1 billion. A123 has […]
Softbank Corp. has agreed to acquire a 35% stake in Oak Pacific Interactive, a Chinese operator of Web 2.0 sites like social network Xiaonei.com. The entire deal is valued at $430 million, with Softbank to initially acquire 14% and build up to 35% by the end of next year. Oak Pacific had previously raised […]
NEW YORK (Reuters) – Billionaire investor Carl Icahn, who regularly rankles corporate executives with heated demands for strategic change backed by the threat of a proxy battle, is finally going live with his blog. “I think the time has finally come when people are starting to focus on the many abuses in a number of […]