3i Group has raised Euro 5 billion for its fifth buyout fund, which will focus mostly on mid-market opportunities in Europe. www.3i.com
Bungee Labs Inc., an Orem, Utah-based provider of a system for creating and delivering next-generation Web applications, has raised $7 million in Series B funding, according to a regulatory filing. Backers include North Bridge Venture Partners, Venrock Associates and Wasatch Venture Fund. www.bungeelabs.com
The Beam Inc., a Cambridge, Mass.-based operator of an online directory of green design and building professionals, has raised $5.17 million in Series A funding led by VantagePoint Venture Partners, according to a regulatory filing. www.thebeam.com
Red Zone Capital Partners, a McLean, Va.-based investment group headed by Washington Redskins owner Daniel Snyder, is raising $750 million for its second fund. According to a regulatory filing dated Nov. 7, it already had $126 million in commitments.
Advantedge Healthcare Solutions, a New York-based provider of medical billing services to physician groups, has raised $20 million in growth capital from Safeguard Scientifics. www.ahsnewyork.com
3M (NYSE: MMM) has agreed to acquire SoftMed Systems Inc., a Silver Spring, Md.-based provider of health information management software and services for healthcare organizations. No financial terms were disclosed. Softmed is a portfolio company of TA Associates, and was valued at around $195 million when TA first invested in 1999. www.3m.com www.softmed.com
GXS, a Gaithersburg, Md.-based provider of B2B ecommerce solutions, has acquired UDEX Ltd., a Newport, UK-based provider of product data quality services. No financial terms were disclosed. GXS is a portfolio company of Francisco Partners and Norwest Venture Partners, while UDEX had raised over $20 million in VC funding from firms like 3i Group, Northbridge […]
Simon Levene has joined the London office of Accel Partners, with a focus on opportunities in the Internet, media and communications markets. He previously spent four years as a managing director of corporate development at Yahoo. www.accel.com
Intradigm Corp., a drug development company focused on RNA interference (RNAi) therapeutics, has raised $16 million in Series A recap funding co-led by Alta Partners and Frazier Healthcare Ventures. Other backers include MediBic Alliance/Daiichi and Genentech, while return backers include Emerging Technology Partners and Novartis Ventures. The company first raised VC funding in 1999, and […]
Accel-KKR of Menlo Park, Calif. has closed its second fund with at least $300 million in capital commitments, according to Buyouts Magazine. The new vehicle will focus primarily on technology buyouts, rather than its predecessor's strategy of doing both venture and buyout deals. Accel-KKR was formed in 2000 by VC shop Accel Partners and buyout […]