Swift Financial, a Wilmington, Del.-based direct financial services company focused on small business banking, has raised $20 million in Series B funding. Backers include Sutter Hill Ventures, Village Ventures, Permit Capital and a subsidiary of Marshall & Ilsley Corporation. PRESS RELEASE Swift Financial ( http://www.swiftfinancial.com ), the direct financial services company dedicated to small […]
River Bend Industries has signed a letter of intent to buy Victor Plastics Inc. out of bankruptcy. Victor is a North Liberty, Iowa-based portfolio company of Spell Capital Partners that filed last month for Chapter 11 protection. PRESS RELEASE Victor Plastics, Inc. announced today that it has signed a Letter of Intent to sell […]
Electra Partners, a UK buyout firm, has separated from its asset management arm, according to LBO Wire. The asset management group will now be renamed Acuity Capital, and focus on listed venture capital trusts. Electra holds a 20% ownership stake in Acuity, and the two operations will continue to work out of the same building. […]
Accumetrics Inc., a San Diego-based developer of tests for measuring patient response to anti-platelet drugs, has raised $28.8 million in Series D funding. Arnerich Massena & Associates and BBT Fund co-led the round, and were joined by return backers Essex Woodland Health Ventures, RiverVest, PTV Sciences, KB Partners and Kaiser Permanente Ventures. Accumetrics has now […]
Sabal Medical Inc., a Charleston, S.C.-based developer of a mobile medication tracking solution that uses bar code verification, has called down $1.28 million of a $2.68 million Series B round, according to a regulatory filing. Nexus Medical Partners led the round. www.sabalmedical.com
Albeo Technologies Inc., a Boulder, Colo.-based solid-state lighting startup, has raised $1.5 million from Green Spark Ventures. PRESS RELEASE Albeo Technologies, Inc. (www.albeotech.com), a fast-growing company specializing in solid-state lighting, received a $1.5M equity investment from an investment group led by Green Spark Ventures, LLC, a new Denver-based cleantech venture fund. This completes Albeo […]
Identity Rehab Corp., a Denver-based provider of identity theft detection and protection services, has raised $3.7 million in VC funding from an undisclosed backer. Aspenwood Capital served as placement agent. Identity Rehab does business as ID Watchdog. PRESS RELEASE Aspenwood Capital, a Denver-based investment bank, announced today that it has completed a $3.7 million private […]
Incipient Inc., a Waltham, Mass.-based provider of storage virtualization and automated data migration software solutions, has raised $15.6 million in Series E funding. Return backers included Globespan Capital Partners, GrandBanks Capital, HLM Venture Partners, Greylock, QuestMark Partners, Sigma Partners and Wasatch Advisors. A new investor also participated, but its identity was not disclosed. Incipient previously […]
Stephen Moseley has joined StepStone Group as president. He will be based in New York as a member of the firm's fund investment team, and will oversee co-investments. He most recently was a managing director for Estes Management and, before that, was a managing director and co-president of PCG Capital Partners. PRESS RELEASE […]
Affimed Therapeutics AG, a Heidelberg, Germany-based developer of antibody therapeutics, has raised EUR 5 million in additional Series B funding from Novo Nordisk. The company had held a EUR 25 million first close last spring, from BioMedInvest, OrbiMed Advisors, Life Sciences Partners and return backer FirstVentury. PRESS RELEASE Affimed Therapeutics, AG, a leading developer […]