InvenSense Inc., a Sunnyvale, Calif.-based provider of motion sensing solutions for mobile consumer applications, has raised $19 million in Series C funding. Sierra Ventures led the round, and was joined by Foxconn, Inventec Appliances Corp., Skylake Ventures, DoCoMo Capital, VentureTech Alliance and return backers Artiman Ventures, Partech International and Qualcomm Ventures. InvenSense has now raised […]
Tudou.com, a Chinese online video sharing site, has raised $57 million in Series D funding. The capital is reported to come mostly from insiders, which include IDG Technology Venture Investment, Granite Global Ventures, General Catalyst Partners, Capital today, Jafco Asia, KTB Ventures and JAIC. Todou has now raised $85 million in total VC funding. www.todou.com
First Data Corp., a payment processing company owned by KKR, has agreed to acquire InComm, a provider of stored value gift and prepaid products. No financial terms were disclosed. InComm had over $300 million in 2007 net revenue. PRESS RELEASE First Data Corp., a global leader in electronic commerce and payment processing services, today announced […]
Grupo Panrico SA, a Spanish bakery company owned by Apax Partners, has agreed to acquire the Artiach biscuit business of Kraft Foods. No financial terms were disclosed. www.panrico.com
FleetPride, an independent aftermarket distributor of heavy-duty truck and trailer parts, has acquired Keller Truck Parts Inc., a provider of heavy-duty replacement parts in Maryland and Delaware. No financial terms were disclosed. FleetPride is owned by Investocrp, Banc of America Capital Investors and company management. PRESS RELEASE FleetPride, Inc., the nation's largest independent aftermarket […]
The Search Agency, a Santa Monica, Calif.-based provider of search engine marketing and optimization solutions, has raised an undisclosed amount of funding from JMI Equity. RBC Capital Markets served as placement agent. PRESS RELEASE The Search Agency (TSA), a leading search engine marketing (SEM) and search engine optimization (SEO) firm, announced today that […]
Panorama Capital, the former venture capital team of JPMorgan Partners, has closed its first independent fund with $240 million in capital commitments. The firm spun out of JP Morgan in 2005, and had initially been seeking to raise at least $400 million. PRESS RELEASE Panorama Capital LLC today announced it has closed Panorama Capital […]
James Holzer has joined Brown Brothers Harriman as head of software and tech-enabled services, within the firm's M&A group. He previously was with CIBC World Markets. PRESS RELEASE Brown Brothers Harriman (BBH) today announced the appointment of James E. Holzer as Head of Software and Technology Enabled Services within the firm's Mergers and Acquisitions […]
Constellation Pharmaceuticals Inc., a Cambridge, Mass.-based developer of drugs that target selective regulators of epigenetic function, has raised $32 million in Series A funding. The round was co-led by Third Rock Ventures, The Column Group and Venrock. PRESS RELEASE Constellation Pharmaceuticals, the first biopharmaceutical company focused on discovering and developing novel drugs targeting selective regulators […]
Cox Enterprises Inc. has agreed to acquire Adify, a San Bruno, Calif.-based online advertising network. The deal is valued at $300 million. Adify has raised around $27 million in VC funding since late 2006, from firms like U.S. Venture Partners, Venrock, GE Commercial Finance, NBC Universal and Time Warner Investments. www.adify.com