Susquehanna International Group today formally launched Susquehanna Growth Equity, a venture capital and growth capital group that will invest between $50 million and $100 million per year into companies in the software, business services and specialty finance sectors. PE Week Wire reported on this group last June, and that its first senior hire was former […]
Ceterus Networks Inc., an Richardson, Texas-based provider of metro Ethernet transport solutions, has raised $20 million in Series E funding. Intel Capital led the deal, and was joined by Aldus Equity and return backers Sevin Rosen Funds and ComVentures. The company has raised over $63 million in total VC funding since its 2001 inception. www.ceterusnetworks.com
Confidex, a Nokia, Finland-based designer and manufacturer of RFID tags, has raised Euro 5 million in its first round of institutional funding. Logispring led the deal, and was joined by Aura Capital. www.confidex.fi
Gaia Power Technologies Inc., a New York-based provider of turnkey distributed electrical storage and power systems, has secured $2.9 million of a $4 million Series B round, according to VentureWire. Participants include GHO Ventures, Empire State Venture Group, NJTC Venture Fund and the New York State Energy Research and Development Authority. www.gaiapowertech.com
ClearApp Inc., a Sunnyvale, Calif.-based provider of application performance management automation for portal, J2EE and SOA applications, has raised $5 million in venture debt funding from TriplePoint Capital. www.clearapp.com
Takeda Pharmaceutical Co. (Tokyo: 4502) has agreed to acquire Paradigm Therapeutics Ltd., a Cambridge, UK-based developer of drugs targets identified from the human genome. No financial terms were disclosed for the deal, which is expected to close within the next few weeks. Paradigm has raised nearly $40 million in VC funding since 2000, from firms […]
PhotoTLC Inc., a Petaluma, Calif.-based provider of photo gifts and digital photo restoration services, has shut down, according to VentureBeat. The company raised a $10 million Series A round in late 2005, with participation by Steamboat Ventures, El Dorado Ventures and the Bay Area Equity Fund. As of this morning, the company's website was still […]
Oxford BioMedica (LSE: OXB) has agreed to acquire Oxxon Therapeutics Ltd., a UK-based therapeutic vaccine company, for Gbp16 million. Oxxon has raised over $30 million in VC funding since 200a, from firms like NeoMed Management, ISIS Capital, MVM Life Science Partners, NIF and Quester Capital Management. www.oxti.com
Galen Partners and Arena Capital Partners have sold EduNeering Holdings Inc. to Kaplan Inc. for an undisclosed amount. EduNeering is a Princeton, N.J.
Aquiline Capital Partners has closed its inaugural fund with $1.1 billion in capital commitments. The New York-based private equity firm focuses on the financial sector, and is run by former Marsh & McLennan CEO Jeffrey Greenberg.