Geovera Insurance Holdings Ltd., a Bermuda-based residential property insurer, has filed for a $115 million. It plans to trade on the Nasdaq under ticker symbol GEOV, with JPMorgan and Merrill Lynch serving as co-lead underwriters. Shareholders include Hellman & Friedman (65.1% pre-IPO stake) and Friedman Fleischer & Lowe (32.5%).
Brash Entertainment LLC, an Atlanta-based video game startup, said that it is nearing a final close on more than $150 million in private equity funding. It also announced that it already has secured $6 million in initial funding, with a regulatory filing indicating that the money came in the form of convertible notes. Brash is […]
Aerovance Inc., a Berkeley, Calif.-based drug company focused on respiratory and inflammatory diseases, has reached milestones that allow it to call down $28 million in Series C funding. The company announced last year that it had raised $60 million, with an initial $32 million call-down and the remainder based on Aerovance meeting certain clinical goals. […]
Ascend Health Corp., a New York-based operator of psychiatric hospitals, has raised $20.1 million in Series B funding. Polaris Venture Partners led the deal, and was joined by return backers CHL Medical Partners, Three Arch Partners and individual angels. www.ascendhealth.net
Coghead, a Mountain View, Calif.-based provider of a Web-based application creation and delivery platform, has raised $8 million in second-round funding. American Capital Strategies led the deal, and was joined by return backer El Dorado Ventures. www.coghead.com
FastScale Technology Inc., a San Jose, Calif.-based provider of adaptive computing products, has raised $6.5 million in Series A funding. ATA Ventures led the deal, and was joined by Leapfrog Ventures and Hunt Ventures. www.fastscale.com
Thin Battery Technologies Inc., a Cleveland-based producer of thin, flexible, printed power source solutions, has raised $6.2 million in Series A funding. SunBridge Partners led the deal, and was joined by Key Capital Corp., Orix Capital and return backer Early Stage Partners. www.thinbattery.com
Sanovia Corp., a Philadelphia-based provider of technology and services to assist managed care organizations in managing their pharma costs, has raised $3 million in Series B funding from return backers HLM Venture Partners and Claritas Capital. It raised a $5 million Series A round in 2005. www.sanovia.com
Fliptrack Inc., a Mountain View, Calif.-based online music video company, has raised around $1.53 million in Series A funding led by Mohr, Davidow Ventures. www.fliptrack.com
Travelex, a UK-based currency exchange backed by Apax Partners, has acquired Washington, D.C.-based payment servicing company Ruesch International from Welsh Carson Anderson & Stowe. The deal was valued at $440 million. www.travelex.com www.ruesch.com