Invoke Solutions, a Waltham, Mass.-based provider of real-time online and mobile research services, has raised $7 million. North Atlantic Capital led the round, and was joined by return backers Bain Capital Ventures and BEV Capital. Existing shareholder BRM Capital was not listed in the press release. Invoke has now raised over $38 million in total […]
TargetSpot Inc., a New York-based provider of advertising solutions for streaming audio, has raised $8.6 million in Series B funding. Bain Capital Ventures led the round, and was joined by return backers Union Square Ventures, CBS Corp. and Milestone Venture Partners. PRESS RELEASE Capping a successful inaugural year in which over 500 radio stations […]
Google (GOOG) has completed its acquisition of online marketing company DoubleClick Inc. from Hellman & Friedman and JMI Equity for $3.1 billion in cash. H&F led a $1.1 billion buyout of DoubleClick in 2005, with JMI Equity participating as a minority investor. —————— BRUSSELS, Belgium (AP)
EUSA Pharma Inc., a specialty pharma company focused on the hospital market, has agreed to acquire oncology drug company Cytogen Corp. (Nasdaq: CYTO) for $22.6 million. EUSA also announced that it has raised $50 million in new VC funding led by TVM Capital. The company had previously raised $228 million from firms like Essex Woodlands […]
Horizon Technology Finance Management, a Farmington, Conn.-based venture debt provider, has secured $200 million in new capital. Compass Group Investments provided $50 million in equity, while WestLB provided a $150 million credit facility. PRESS RELEASE Horizon Technology Finance Management (“Horizon”), a leading venture debt provider to venture capital backed, development stage, life science and […]
Highwinds Network Group, a Winter Park, Fla.-based provider of multi-platform IP services and content distribution solutions, has raised $55 million in first-round funding. General Catalyst Partners and Alta Communications co-led the round. PRESS RELEASE Highwinds Network Group, Inc., a multi-platform IP services and content distribution provider, today announced it has closed a $55 million […]
Dubai Techno Park, a Dubai government-sponsored tech initiative managed by DP World, has launched a $300 million venture capital fund. The goal is to invest in between 10 and 15 Asian and European technology companies that would establish R&D and commercial operations in Dubai over the next two years.
Drop.io, a New York-based online content sharing platform, has raised $2.7 million in Series A-1 funding. Backers include DFJ Gotham and RRE Ventures. PRESS RELEASE Drop.io, Inc. (http://drop.io), the simple private exchange platform, announced today that it closed a $2.7M Series A-1 financing led by New York venture capital firms DFJ Gotham and RRE Ventures. […]
LogLogic, a San Jose, Calif.�based developer of log lifecycle management appliance, has raised $1.5 million in additional Series D funding from SAP Ventures. It had previously held a $13.5 million first close from Focus Ventures, Sequoia Capital, Telesoft Partners, Worldview Technology Partners and Invesco Private Capital. Log Logic has now raised $36 million in total […]
Craig Cooper has joined Saban Capital Group as a managing director and head of the firm's new digital media investment practice. He previously was a venture partner with VantagePoint Venture Partners, and before that was a founding partner of Softbank Capital Technology Fund. He also was a co-founder of Boost Mobile. PRESS RELEASE Saban Capital […]