Carbonite Inc., a Boston-based provider of online backup services for consumers and small businesses, has raised $15 million in Series B funding. Menlo Ventures led the deal, and was joined by return backers 3i Group and Common Angels. www.carbonite.com
Oaktree Capital Management has sold Millennium Rail Inc. to Watco Cos. for an undisclosed amount. Millennium Rail is a Westchester, Ill.-based provider of railcar repair and maintenance services. It was advised on the sale by Harris Williams & Co. www.millenniumrail.com
Leucadia Capital Partners has launched as a provider of private equity investment management and advisory services. Its three principals previously were with Pacific Corporate Group. They are: Monte Brem, Tom Keck and Jose Fernandez. Its initial clients are the George Kaiser Family Foundation and the Kuwait Investment Authority. www.leucap.com
Probitas Partners has hired Jonathan Jameson as a principal and promoted Jack Wills to principal. Jameson will work out of New York, and previously was a managing director with Rothschild Inc. Willis joined Probitas in November 2004 as a vice president on the project management team, after having previously been with Citigroup. www.probitaspartners.com
Larry Bickle has resigned as principal and managing director of Haddington Ventures, in order to spend more time at a “company lever, mentoring young people.” He has agreed to sell his interests in Haddington and various affiliates back to the firm. www.hvllc.com
CardioMEMS Inc., an Atlanta-based developer of wireless medical pressure sensors, has withdrawn registration for an $86.25 million IPO. The company said that the financing would have been “discretionary,” and that “terms currently obtainable in the public marketplace are not sufficiently attractive” to pursue an IPO at this time. It had planned to trade on the […]
ImaRx Therapeutics Inc., a Tucson, Ariz.-based drug company using nanotech therapies for stroke and cancer, has filed for a $27.86 million IPO. It had filed for a $75 million public offering last year, but later withdrew it due to “unfavorable market conditions.” The company now plans to offer three million common shares at between $6.50 […]
Hank Boughner and John Baurnstark have joined H.I.G. Capital as a managing director and entrepreneur-in-residence, respectively. Boughner will focus on venture and growth equity opportunities in the tech and business services spaces, and previously was with Goldman Sachs' private equity group in charge of direct, fund and secondary investments in the tech sector. Baurnstark previously […]
Project Goth (a.k.a. Mig33), a Burlingame, Calif.-based provider of mobile phone-based communications services, has raised $10 million in Series A funding. Accel Partners and Redpoint Ventures co-led the deal, and were joined by seed backer Technology Venture Partners. The company recently relocated from Australia. www.mig33.com
Pulmonx Inc., a Palo Alto, Calif.-based maker of devices for interventional pulmonology, has raised $20.45 million in Series B-1 funding, according to a regulatory filing. VentureWire reports that De Novo Ventures led the deal, and was joined by Latterell Venture Partners and return backers MedVenture Associates and Montreux Equity Partners. www.pulmonx.com