Storwize, a San Jose, Calif.-based provider of storage data compression solutions, has raised $19 million in Series C funding. Bessemer Venture Partners and Lehman Brothers Venture Partners were joined by return backer Sequoia Capital. PRESS RELEASE Storwize Inc., the leader in primary storage data compression solutions, today announced it has successfully closed $19 […]
Howard Hartenbaum is stepping down as a general partner with Draper Richards, in order to join August Capital, according to Private Equity Insider. He is credited with leading Draper Richards' investment in Skype. www.draperrichards.com
Standard Renewable Energy, a Houston-based provider of energy efficiency and renewable energy solutions, has raised $7 million in Series B funding led by The Quercus Trust. PRESS RELEASE Standard Renewable Energy, a Houston-based provider of energy efficiency and renewable energy solutions, today announced it has received $7 million in Series B funding, adding […]
AGI Dermatics, a Freeport, N.Y.-based drug company focused on skin repair, has raised $5 million in new funding from Spring Mountain Capital and existing shareholder Trevi Health Ventures. PRESS RELEASE AGI Dermatics, the biopharmaceutical company focused on the development and sale of skincare products utilizing DNA repair technology, announced today it closed a $5 […]
Brighter Planet, a Middlebury, Vt.-based developer of technology solutions for helping consumers reduce their carbon footprints, has raised an undisclosed amount of Series B funding led by Crow Hill Ventures. PRESS RELEASE Brighter Planet, an innovative company providing practical solutions to climate change, has completed their Series B round of financing led by […]
KoolSpan Inc., a Bethesda, Md.-based provider of secure connectivity solutions that for uniting mission-critical network devices, has raised $7.1 million in Series C funding. Security Growth Partners led the round, and was joined by fellow return backers TWJ Capital, Rose Tech Ventures and members of New York Angels. The company has now raised over $21 […]
CrawfordSpalding Group has launched as a professional advisory and management services firm focused on underperforming or distressed companies. Its founders are three former senior executives from Caremark: Mac Crawford, Bill Spalding and Drew Crawford. PRESS RELEASE Three former senior executives of Caremark — Mac Crawford, Bill Spalding and Drew Crawford — today announced […]
Potentia Pharmaceuticals Inc., a Louisville, Ky.-based drug startup focused on complement-related chronic inflammatory diseases such as AMD, has raised $12 million in new VC funding. HealthCare Ventures led the round, and was joined by return backer MASA Life Science Ventures. PRESS RELEASE Potentia Pharmaceuticals, Inc., a private development-stage biotechnology company, announced today that […]
Trevor Saliba has joined financial services and insurance firm VIG as managing director of global private equity and investment banking. He has been a consultant with the firm since August 2007, before which he was chief marketing officer of publicly-traded electronics manufacturer CirTran Corp. PRESS RELEASE VIG, a global financial services and insurance giant, […]
Gladstone Investment Corp. (Nasdaq: GAIN) has named David Dullum as president. Dullum previously had served as a senior managing director of Gladstone's external investment advisor, Gladstone Management Corp. He also is president of a blank-check acquisition company called Harbor Acquisition Corp. (AMEX: HAC). PRESS RELEASE Gladstone Investment Corp. (NASDAQ:GAIN) (the “Company“) announced today that […]