Environmental Technologies Fund, a European cleantech venture firm, has closed its debt fund with Gbp110 million in committed capital. Limited partners include F&C, The Co-operative Insurance Society, European Investment Fund, Robeco and Swiss Re. www.etf.eu.com
UPEK Inc., a Berkeley, Calif.-based developer of silicon-based fingerprint security solutions, has withdrawn registration for an $86.25 million IPO, “due to market conditions.” It had planned to trade on the Nasdaq under ticker symbol UPEK, with Deutsche Bank Securities serving as lead underwriter. UPEK has raised over $38 million in VC funding since being […]
Pequot Ventures is separating from Pequot Capital, effective June 30. The venture team will be renamed FirstMark Capital, and will assume responsibility for its existing assets under management. PRESS RELEASE Pequot Capital Management, Inc. and Pequot Ventures, the New York City-based venture capital arm of Pequot Capital, today announced that they have decided […]
KPS Capital Partners has entered into an exclusive relationship with Pierre de Villemejane, former CEO of KPS portfolio company Speedline Technologies Inc. He will advise the firm on opportunities in the capital equipment, engineered products, and high value-added assembly industries in North America and Europe. PRESS RELEASE KPS Capital Partners, LP (“KPS”) today announced […]
NewBay Software, a Dublin, Ireland-based provider of digital lifestyle solutions for mobile operators, has raised EUR 6.5 million in Series B funding. Fidelity Ventures led the round, and was joined by return backer Balderton Capital. Fidelity partner Simon Clark will join the NewBay board of directors. PRESS RELEASE NewBay Software, the global leader in […]
Invision Inc., a New York-based provider of advertising sales solutions to broadcast and cable television companies, has raised $30 million in its first round of institutional funding. ABS Capital Partners led the deal, and was joined by CIBC Capital and ABS limited partner Piper Jaffray. PRESS RELEASE INVISION INC., the leading provider […]
iRise, an El Segundo, Calif.-based software visualization company, has raised $20 million in mezzanine funding. Return backer Morgan Stanley Venture Partners was joined by Gold Hill Capital, Silicon Valley Bank and Deutsche Bank PRESS RELEASE )–iRise
Swander Pace Capital is planning to target $500 million for its fourth fund, according to LBO Wire. The San Francisco-based private equity firm focuses on consumer products businesses with annual revenue of between $20 million and $30 million. www.spcapc.com
Rockwell Collins Inc. (NYSE: COL) has agreed to acquire Athena Technologies Inc., a Warrenton, Va.-based maker of flight control and navigation systems for the unmanned aerial vehicle market. No financial terms were disclosed. Athena Technologies has raised around $5 million in VC funding from firms like Global Environment Fund and BEI Technologies. PRESS RELEASE Rockwell […]
Moberg Derma, a Swedish pharmaceutical company focused on skin diseases, has raised SEK 40 million ($6.5m) in new VC funding. Return backer Baltic Sea Foundation was joined by an undisclosed new investor. The company has raised SEK 73 million in total VC funding since its March 2006 inception. www.mobergderma.se