CHICAGO —
NEW YORK & MEXICO CITY — Emit Capital, which invests in early-stage companies that employ and adapt proven technology-oriented business models in emerging markets worldwide, has signed a letter of intent to purchase a substantial equity interest in LatinIdea (www.latinidea.com). LatinIdea is an integrated, early-stage venture firm focused on identifying, funding and operating Internet, Internet-related […]
BURLINGTON, MA — Phonetic Systems Ltd., developer of voice-driven access systems to large dynamic data sources, has secured $37.5 million in financing led by General Atlantic Partners, LLC, the world’s largest private equity firm with an exclusive focus on IT, Internet and Internet-enabled businesses. Also participating in the round are Sonera Media Holding B.V., and […]
WALTHAM, MA
NEW YORK — As further evidence that the venture capital industry has not been immune from the public market turmoil through the second and third quarters, Venture Economics today announced its preliminary quarterly Private Equity Performance Index (PEPI) results for Q3 2000. For the third consecutive quarter, returns to limited partner investments in venture capital […]
NEW YORK — Auda Advisor Associates LLC today announced that David S. Andryc has joined the firm’s Private Equity group as a Managing Director. In that role, he will be responsible for managing Auda’s direct private equity activities, complementing the firm’s traditional role as a leader in partnership investments. Andryc, 40, has more than 13 […]
DENVER — Telseon, the leading provider of instantly scalable optical networks, announced today that it raised $100 million in new equity investment from leading investment banks, strategic partners and venture firms. In addition, the company has arranged for $75 million in capital lease financing. Since its inception, Telseon has raised more than $261 million in […]
NEW YORK — Baker Capital, a private equity firm focused on communications industry investments, today announced the return of Dr. James G. Cosgrove as CEO in Residence. Dr. Cosgrove, formerly an AT&T senior executive served as CEO of S2 Systems since its acquisition by Baker Capital in April of 1999. Before joining Baker Capital initially, […]
ALPHARETTA, GA — Proxima Therapeutics Inc., a developer and marketer of site-specific cancer treatments, today announced the completion of a $17 million round of financing. The financing was lead by Domain Associates, a Princeton-based venture capital management company with a focus on life sciences. In addition to Domain, participants included Merrill Lynch Ventures, NeuroVentures Capital […]
NEW YORK – U.S. private equity investors are confident that the overall economic performance of Latin America in 2001 will be positive, citing Brazil (44%) and Mexico (22%) as their two most popular investment destinations for the next twelve months, according to the fourth annual survey of U.S.-based private equity funds by PricewaterhouseCoopers’ Latin America […]