Legend Capital yesterday closed its fourth fund with $350 million in capital commitments. The Beijing-based firm focuses on early-stage VC and mid-market growth equity opportunities in China. Its typical investment size is between $5 million and $20 million. www.legendcapital.com.cn
Layered Technologies Inc., a Plano, Texas-based company that helps clients deploy on-demand hosting and utility computing solutions, has acquired FastServers.net, a Chicago-based managed hosting company. No financial terms were disclosed. Layered Technologies recently raised $11 million from Enhanced Equity Fund and Pangloss International. PRESS RELEASE Layered Technologies, Inc., one of the world's largest providers of […]
Buddy Media Inc., a New York-based developer of Facebook applications, has raised $6.5 million in Series B funding. Softbank led the round, and was joined by European Founders Fund, GreyCroft Partners and Ron Conway. The company also announced the launch of a saocial network advertising network. Read more
Collective Intellect, a Boulder, Colo.-based provider of social media analytics, has raised $6.6 million in Series B funding. Grotech Capital Group led the round, and was joined by Crawley Hatfield Capital and return backers Appian Ventures and Croghan Investments. PRESS RELEASE Collective Intellect (www.collectiveintellect.com), the leading social media analytics company helping businesses track, understand […]
Dynogen Pharmaceuticals Inc., a Waltham, Mass.-based drug company focused on gastrointestinal and genitourinary disorders, has scrapped plans to go public via a reverse merger with a SPAC called Apex Bioventures Acquisition Corp. The company is now expected to seek additional venture capital. To date, Dynogen has raised around $67 million from firms like Atlas […]
Enablence Technologies Inc. (TSXV: ENA) has agreed to acquire Wave7 Optics Inc., an Alpharetta, Ga.-based provider of optical access system for video, data and telephony services. The deal is valued at $10.5 million in Enablence stock. Wave7 had raised over $95 million in total VC funding since 2000, from firms like Advanced Technology Ventures, Ballast […]
Ken Mehlman, former chairman of the Republican National Committee, has joined Kohlberg Kravis Roberts & Co. as a managing director and head of global public affairs. He most recently served as a partner with law firm Akin Gump Strauss Hauer & Feld, where KKR was among his clients. PRESS RELEASE Kohlberg Kravis Roberts & […]
Advent International has raised EUR 1 billion for its fourth private equity fund focused on Central and Eastern Europe. It raised its first such vehicle in 1994, and has since backed 35 companies in Poland, the Czech and Slovak Republics, Hungary, Romania, Bulgaria and Turkey. PRESS RELEASE Advent International, one of the world's leading […]
Truphone, a UK-based VOIP company, has raised
IndexAtlas has formed a $50 million private equity fund focused exclusively on businesses serving the art industry. The average investment will be between $3 million and $8 million. PRESS RELEASE IndexAtlas has announced the formation of the Art Industry Fund, a multi-million dollar private equity fund that will invest exclusively in businesses serving the […]