GamerDNA Inc. (f.k.a. GuildCafe), a Cambridge, Mass.-based social media site for online gamers, has raised $3 million in Series A funding led by Flybridge Capital Partners. The company also raised an undisclosed amount of seed funding from Flybridge last summer. PRESS RELEASE GamerDNA Inc. announced that it completed a $3 million Series A financing led […]
Versant Ventures is beginning to market its fourth fund with a $500 million target, according to LP sources. The Menlo Park-based firm raised $400 million last time around, and focuses on healthcare-related companies. www.versantventures.com
ATA Ventures has begin marketing its third fund with a $250 million target, according to VentureWire. It is expecting to hold a first, and perhaps final, close in July. The Redwood City, Calif.-based firm raised $196 million for its second fund back in 2006.
BrainCells Inc., a San Diego-based drug company focused on mood and anxiety disorders, has raised $20 million in additional Series B funding. It had announced a $30 million first close earlier this year. New Enterprise Associates led the expansion, and was joined by Alexandria Real Estate Equities and first tranche investors MedImmune Ventures, Bay City […]
Microsoft has agreed to buy Farecast Inc., a Seattle-based developer of data mining techniques to predict prices in the travel industry. Initial reports of the Farecast sale put the pricetag at around $75 million, but the Microsoft deal actually is said to be worth $115 million. Farecast has raised just over $20 million in […]
Odyssey Investment Partners has made several promotions: William Hopkins and Brian Kwait have been named co-presidents; Jeffrey McKibben and Craig Staub have been named managing principals; Robert Aikman and Ross Rodrigues have been named principals; and Dennis Moore and Matthew Satnick have been named vice presidents. PRESS RELEASE Odyssey Investment Partners, LLC today announced several […]
Epocrates Inc., a San Mateo, Calif.-based provider of clinical information and support tools to healthcare professionals, has filed for a $75 million IPO. It plans to trade on the Nasdaq under ticker symbol EPOC, with Citi serving as lead underwriter. Shareholders include The Sprout Group (17% pre-IPO stake), Goldman Sachs (16%), InterWest Partners (12.7%), […]
NEW YORK/BOSTON (Reuters) – GE Capital said on Thursday it agreed to acquire most of Citigroup Inc's (C.N: Quote, Profile, Research) North American commercial lending and leasing business for an undisclosed price, expanding its assets in a key portion of its finance operations. GE Capital, a unit of General Electric Co (GE.N: Quote, Profile, […]
NEW YORK/LOS ANGELES (Reuters) — An investor in Blackstone Group (BX.N: Quote, Profile, Research) sued the private equity and real estate firm on Tuesday, contending it violated federal securities laws through statements made in its initial public offering documents, according to the law firm that brought the case. Law firm Coughlin Stoia Geller Rudman […]
LONDON, April 16 (Reuters) — U.S. fashion company Tommy Hilfiger, owned by private equity firm Apax Partners [APAX.UL], will look again at a flotation at the end of 2009, its Chief Executive Fred Gehring said on Wednesday. The brand, spanning women's, men's and children's wear to watches and accessories, in January shelved plans for a […]