Buzznet Inc., a Los Angeles-based social media community focused on music and pop culture, has acquired music blog Stereogum. No financial terms were reported. Buzzznet also recently acquired social media company Qloud, and reportedly raised $25 million in new VC funding from Interscope Records, Redpoint Ventures and Anthem Venture Partners. www.buzznet.com
Marketcetera Inc., a Redwood City, Calif.-based developer of an open-source platform for automated trading, has raised $4 million in Series A funding, according to VentureWire. Shasta Ventures led the round, and was joined by existing angels like Clarium Capital's Jack Selby. www.marketcetera.com
Senscient Inc., a Houston-based developer of laser diode spectroscopy solutions, has raised $5.6 million in Series B funding. Emerald Technology Ventures and Yellowstone Capital Partners co-led the round. PRESS RELEASESenscient Inc., a leading developer of laser diode spectroscopy solutions, today announced it has closed a USD 5.6 million Series B financing round. The funding is […]
Imprivata Inc., a Lexington, Mass.-based developer of identity management software, has raised $15 million in Series C funding. SAP Ventures led the round, and was joined by return backers General Catalyst Partners, Highland Capital Partners and Polaris Venture Partners. www.imprivata.com
Intelliworks Inc., a Rockville, Md.-based provider of relationship management and marketing software for higher education, has raised $4 million in Series C funding. Return backers include RedShift Ventures, Novak Biddle and Columbia Capital. PRESS RELEASE
Advent International has closed its sixth global buyout fund with $10.4 billion in capital commitments. It had originally targeted $7.6 billion, and received over $15 billion in requested subscriptions. Limited partners include Canada Pension Plan Investment Board, GIC Special Investments, AlpInvest Partners, Pantheon, California State Teachers' Retirement System, SL Capital Partners, Universities Superannuation Scheme and […]
Foundation Capital has closed its sixth fund with $750 million in capital commitments. The Menlo Park, Calif.-based firm will allocate approximately $250 million of the fund toward cleantech opportunities, while the rest will focus on early-stage technology companies. Foundation also announced the addition of Ashmeet Sidana as a general partner. He previously was with […]
Aluri Srinivasa Rao has left India-based ICICI Ventures, where he was a director of life sciences investments. In an email, he said that he will be accepting a new position on May 1, but did not provide additional details. www.iciciventure.com
The Carlyle Group has raised $1.35 billion for its second distressed debt and corporate opportunities fund. It can make investments in bank loans, public debt, public equity and private equity. Carlyle's first “Strategic Partners” fund closed last year with around $652 million in capital commitments. PRESS RELEASE Global private equity firm The […]
Permavest Investment has raised $63 million for a fund-of-funds focused on Chinese venture capital and private equity partnerships. PRESS RELEASE Permavest Investment (www.permavest.com) announces today that the final closing of a private equity fund-of-funds with a total of $63 million in capital commitments. Raised from high net worth clients spanning the Asia Pacific region, […]