Ronan Cunningham is stepping down as head of private equity for Ireland's National Pensions Reserve Fund, and will join General Atlantic Partners, according to Dow Jones. He will start at GA this summer, and focus on investor relations. Prior to joining the Ireland pension, Cunningham was a London-based partner with Adams Street Partners. www.generalatlantic.com
RightScale, a Santa Barbara, Calif.-based provider of automated management platform for Internet cloud computing services, has raised $4.5 million in Series A funding from Benchmark Capital. PRESS RELEASE RightScale, Inc., the leading automated management platform for Internet cloud computing services, today announced it has secured $4.5 million in first-round venture financing from Benchmark Capital. […]
Comptel (Helsinki: CTL1V) has acquired Axiom Systems, a UK-based software developer focused on the broadband fulfillment mark. No financial terms were disclosed. Axiom had
BeamExpress SA, a Swiss developer of vertical cavity surface-emitting laser technology, has raised $1.3 million in first-round funding from I-Source of France. Read more
Frontage Laboratories Inc., a Malvern, Pa.-based contract research organization for pharma and biotech companies, has raised $10 million in growth equity funding led by Baird Capital Partners Asia. Frontage has a facility in Shanghai. PRESS RELEASE Baird Capital Partners Asia (BCPA), the Greater China-focused investment group of Baird Private Equity, announced today it has […]
Capnia Inc., a Palo Alto, Calif.-based developer of therapeutic products using a medical gas delivery system, has secured $19.2 million of a $21.4 million Series C round, according to a regulatory filing. Return backers include Asset Management, Vivo Ventures and Teknoinvest. www.capnia.com
Aldagen Inc., a Durham, N.C.-based developer of clinical-stage regenerative therapies, has raised $18.4 million in fourth-round funding. Return backers include Intersouth Partners, Tullis-Dickerson, Harbert Venture Partners and The Aurora Funds. It had previously raised over $46 million. PRESS RELEASE Aldagen, Inc. today announced it has raised $18.4 million in a private round of financing. The […]
Sun European Partners has opened offices in both Paris and Frankfurt. The firm, an affiliate of Sun Capital Partners, originally launched in London four years ago. PRESS RELEASE Sun European Partners, LLP (“Sun European“), the European adviser to Sun Capital Partners, Inc. (“Sun Capital“), a leading U.S.-based private investment firm, today announced that two Sun […]
Silverpop, an Atlanta-based provider of on-demand marketing technology, has raised $15 million in new funding. D.E. Shaw led the round, and was joined by return backers like Draper Fisher Jurvetson. The company has now raised over $67 million in total VC funding since 1999. PRESS RELEASE Silverpop, a leading provider of on-demand marketing technology, has […]
Michael Starkenburg, a onetime partner with Sprout Group, has joined Image Metrics as chief operating officer. Image Metrics develops computer-generated facial animation for video games and films. PRESS RELEASE Image Metrics, the leading developer of performance-driven computer generated (CG) facial animation in video games and film, today announced that it has appointed Michael Starkenburg to […]