Tesla Motors Inc., a San Carlos, Calif.-based maker of electric cars, has raised $40 million in “bridge financing.” Valor Equity Partners and Tesla chairman Elon Musk co-led the round. The company previously raised a $45 million Series D round last May from Musk, Technology Partners, Capricorn Investment Group, Vantage Point Venture Partners, Draper Fisher Jurvetson, […]
The Soros Economic Development Fund, Omidyar Network and Google.org have formed a $17 million investment fund for small-and-medium enterprises in India. It is designed to fill a gap between the microfinance and commercial loan markets. PRESS RELEASE The Soros Economic Development Fund (SEDF), Omidyar Network, and Google.org announced today a new $17 million Small to […]
Jim Bankoff has joined Providence Equity Partners as a senior advisor, focused on the online and digital media markets. He previously was executive vice president of programming and products at AOL. PRESS RELEASE Providence Equity Partners Inc., the leading private equity investment firm specializing in media, communications and information companies, announced today that James […]
Graceway Pharmaceuticals LLC, a portfolio company of GTCR Golder Rauner, has acquired all of the assets related to Estrasorb in North America from Novavax (Nasdaq: NVAX) and Allergan (NYSE: AGN). Estrasorb is a prescription drug for the the treatment of vasomotor symptoms associated with menopause. No financial terms were disclosed. PRESS RELEASE Graceway Pharmaceuticals, […]
John Budreski has joined Tricor Pacific Capital as an advisor for special projects. He was CEO of Orion Securities and Orion Financial before their sale to Macquarie Group. www.tricorpacific.com
IPP of America, a national network of independent neighborhood-based e-payment centers, has raised $20.5 million in new VC funding. Old Lane led the round, and was joined by Hamilton Investment Partners and return backer Edison Venture Fund. PRESS RELEASE IPP of America (“IPP'), a leading provider of electronic payment services, today announced that it has […]
Formatta, a Fairfax, Va.-based provider of e-form solutions for electronic data capture and transfer, has raised $4.3 million from Edison Venture Fund. PRESS RELEASE Edison Venture Fund announced a $4.3 million investment for Formatta, headquartered in Fairfax, VA. Edison is the sole institutional investor. The proceeds will be used to expand marketing, client support and […]
ThreadSmith, a Vestal, N.Y.-based retailer of custom embroidery, has raised $1 million in VC funding from Advantage Capital Partners. PRESS RELEASE Advantage Capital Partners, a leading venture capital and small business finance firm, has announced participation in a $1 million funding round for ThreadSmith, a custom embroidery retail and online store located in Vestal, […]
SilkRoad Technology Inc., a Winston-Salem, N.C.-based provider of online talent management solutions, has raised $10 million in new VC funding. Azure Capital Partners led the deal, and was joined by SilkRoad Equity. PRESS RELEASE SilkRoad technology, inc., a leading provider of a full suite of Web-based Talent Management solutions, announced today that it has […]
The Step2 Company, a portfolio company of Liberty Partners, has agreed to acquire Thinkactivity Inc., an Englewood, N.J.-based maker of toys for infants and toddlers. No financial terms were disclosed. PRESS RELEASE The Step2 Company, LLC (“Step2”) announced today that it is acquiring privately owned Thinkativity, Inc. (“Thinkativity”), headquartered in Englewood, New Jersey. Known […]