Motricity Inc., a Durham, N.C.-based provider of mobile marketplace management solutions, has raised $50 million in equity funding from Carl Icahn, through an affiliated company. Motricity previously had raised around $130 million in VC funding, from firms like Technology Crossover Ventures, New Enterprise Associates, Massey-Burch Capital, Noro-Moseley Partners, Intel Capital, Qualcomm Ventures, Sienna Ventures, TriState […]
Achievo Corp., a San Ramon, Calif.-based software and IT outsourcing company, has raised $24 million in Series B funding. No investor details were disclosed. Achievo previously had raised VC funding from Tsinghua Venture Capital Co. www.achievo.com
Vivace Semiconductor Inc., a Beverley, Mass.-based video chip maker, has raised $7 million in additional Series A funding. The round is now closed at $10 million. Hotung Capital Management and China Renaissance Capital Investment came in as new backers on the second-tranche. Kodiak Venture Partners led the overall round, with Dragonvest also participating. www.vivacesemi.com
Rosetta Genomics Ltd., an Israel-based drug company focused on microRNAs, priced 3.75 million ordinary shares at $7 per share, for an IPO take of approximately $26.25 million. It originally filed to sell three million shares at $11-$13 per share, but later amended the terms to 4.75 million shares being offered at $7.50-$8.50 per share. It […]
Joseph Nemia has been named president of CIT Commercial & Industrial, a unit of CIT Corporate Finance. He previously served as executive vice president and chief sales officer of CIT Commercial Finance. Prior to joining CIT in March 2007, Nemia was a senior managing director with GE Commercial Finance. www.cit.com
Imagekind.com, a Seattle-based ecommerce community for art, has raised $2.6 million in Series A funding. Holtzbrinck Ventures of Germany led the round, and was joined by Crosslink Capital, Erik Blachford (former CEO of Expedia), Tom Hughes (co-founder of Photodisc), the Samwer brothers (founders of eBay Germany and Jamba) and Nick Hanuaer (founder of aQuantive and […]
JPMorgan Partners sold 3.74 million shares of Cabela's Inc. (NYSE: CAB) stock via a secondary offering. Fellow Cabela's shareholder Fulcrum Growth Partners sold 375,000 shares. Wachovia Securities underwrote the offering. Cabela's is a Sidney, Neb.-based retailer of hunting, fishing and camping merchandise. www.cabelas.com
Henry Allen has joined Marsh Inc. as global leader of consumer business, which includes the company's affinity and program management business and its private client services business. He previously ran the European operations of Geocapital and, before that, was with GE Capital. www.marsh.com
Tongjitang Chinese Medicines Co., a Chinese drug company focused on modernized versions of traditional Chinese medicine, has filed for a $142 million IPO. It plans to offer 8.85 million American depository shares at between $15 and $17 per share — and trade on the NYSE under ticker symbol TCM. Merrill Lynch and UBS are serving […]
The upcoming IPO calendar includes expected pricings from Oceanaut (2/28), Clearwire (3/7) and Xinhua Finance Media (3/8).