Flybridge to Raise $125M Fourth Venture Fund

According to an SEC filing, Flybridge Capital Partners, a Boston-based early-stage venture capital firm whose mission is to assist entrepreneurs in growing innovative, global companies, is planning to raise $125 million for its fourth venture capital fund.

A source familiar with the situation says that a first close is imminent, with plans to begin calling down the capital in the second half of 2014.

The $125 million target is significantly lower not only than its original target, but also than the $280 million that Boston-based Flybridge raised for its third fund in 2008. This seems to reflect a difficult fundraise, and also a pair of strategy changes: (1) Flybridge has been spending more and more time on seed-stage investments, and (2) The firm has scaled back its investment focus, by no longer participating in healthcare or Latin American deals.

Dropping healthcare was made official last fall, when firm co-founder Michael Greeley left to join Foundation Medical Partners. The change to Latin America strategy comes following the departure of general partner Jon Karlen (who last night was listed as an advisor on the firm’s website, but now has been completely removed).

Source: Fortune

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, SEC, Boston Venture Capital, Boston, Flybridge Capital Partners, Latin America, Michael Greeley, Foundation Medical Partners, Jon Karlen.


Simon Property Group Launching Retail Innovation Fund

Simon Venture Group, a global leader in retail real estate, has been launched by Simon Property Group, Inc. an American commercial real estate company.

This new business will invest in retail innovation, focusing on opportunities that enhance the shopping experience.

Simon Venture Group will be investing across stages from early-stage to high-growth technology companies, making Seed to Series C+ investments and focusing on both direct and indirect strategic investment opportunities.

Mikael Thygesen, Chief Marketing Officer of Simon Property Group said, “We believe we have only scratched the surface on applying technology to the retail environment in innovative, interesting ways.”

The new Simon Venture Group will be led by J. Skyler Fernandes, who will be responsible for identifying, evaluating, and making investments. Fernandes was previously a partner at Centripetal Capital Partners, a multi-stage venture capital fund, where he concentrated on consumer Internet, retail, and high-tech with commercial applications. He is also the founder of One Match Ventures, a seed fund focused on consumer Internet and high-tech companies.

Source: MarketWatch

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Simon Venture Group, Real Estate, Real Estate Investment, Simon Property Group, Inc., Mikael Thygesen, J. Skyler Fernandes, Centripetal Capital Partners, Multi-Stage Venture Capital Fund, One Match Ventures, Seed Fund.


Gigas Banks $2.7M to Fund Latin American Expansion

Spain’s infrastructure-as-a-service (IaaS) Gigas, announced it has raised an additional $2.7 million in funding to speed up its expansion in Latin America.

The funds came from Cabiedes & Partners, Bonsai Venture Capital and Caixa Capital Risc, who had already invested another $6.4 million in Gigas. In the past twelve months alone, the company has opened offices in Colombia, Chile and Peru; grown revenues in those markets by up to 30% a month; and secured customers like Wal-Mart, Iberia, Aon and the United Nations.

“By investing in Spanish-first service and by developing a strong local presence in Latin markets, we’ve been able to triple revenues over the past twelve months and secure internationally-known enterprise customers,” said Diego Cabezudo, founder and CEO of Gigas. “Our ‘think global, act local’ philosophy is clearly making an impact, and we look forward to cultivating further growth in what we believe are significantly under-served markets.”

Source: Nearshore Americas

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Spain, Infrastructure-as-a-Service, IaaS, Gigas, Latin America, Cabiedes & Partners, Bonsai Venture Capital, Caixa Capital Risc, Colombia, Chile, Peru, Wal-Mart, Iberia, Aon, United Nations, Diego Cabezudo.


PTS, Inc. Signs Agreement to Purchase AVC Venture Capital Group

PTS, Inc., a company which recently divested its former operations and is seeking to invest in energy related projects, has entered into definitive agreements to acquire AVC Venture Capital Group, Inc., a privately held company.

Under the terms of the agreement, the Company will acquire the subsidiary for an undisclosed amount of stock.

“We are pleased with this agreement,” stated Lowell Holden, President and CEO of PTS. “Once we finalize our agreement and acquisition, the Company will be positioned for growth through further acquisitions and internal business development.”

About PTS: PTS, Inc. is a company which recently divested its former operations and is seeking to invest in energy related projects including waste to energy, geothermal collection fields, natural gas and petroleum production. The administrative office is in Los Angeles, CA.

Source: HispanicBusiness

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, PTS, Inc., AVC Venture Capital Group, Inc., Lowell Holden, Energy, Geothermal Collection Fields, Natural Gas, Petroleum Production.


Qiming Increases $500M for Its US Venture Capital Fund

Qiming Venture Partners, a leading venture capital firm in China, has increased approximately $500 million for its fourth US dollar China venture capital fund.

The fund will invest in early to growth stage companies across China in the media and internet, IT, consumer and retail, healthcare, and clean technology sectors.

Before this fund, Qiming had $1.1 billion under management across three U.S. dollar funds and one RMB fund.

Its third U.S. dollar-denominated fund, Qiming III Fund was launched in May 2011 with $450 million.

LPs of the fund include Harvard University Endowment, Princeton University Foundation, New York University Foundation, Carnegie Mellon University Foundation, University of Texas Investment Management Company, Pangaea Capital and Siguler Guff.

Founded in 2006, Qiming has offices in Shanghai, Beijing and Hong Kong.

Source: China Money Network

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Qiming Venture Partners, China Venture Capital, US, US Dollar, Media and Internet, IT, Consumer and Retail, Healthcare, Clean Technology Sectors, RMB, Harvard University Endowment, Princeton University Foundation, New York University Foundation, Carnegie Mellon University Foundation, University of Texas Investment Management Company, Pangaea Capital, Siguler Guff.


Great Oaks Venture Capital Leads $1.8M Seed Round for Choozle

Great Oaks Venture Capital LLC (GOVC), an early and seed-stage investment firm, has led a $1.8 million seed round for Choozle, an adtech startup based in Denver.

Great Oaks Venture Capital, which is based in New York City, led the round, which included other, unnamed strategic partners, a release from Choozle said. The money will be used to support Choozle’s expansion and investments in product development, sales, and client services.

Choozle develops cloud-based software that offers enriched information about website visitors. According to the company, it can tell marketers about visitors’ buying habits, intent, and demographics and can be used for real-time ad campaigns.

The company also is launching a new platform this week it says will make programmatic advertising more accessible for small businesses, CEO Andrew Fischer said in the release.

Source: Xconomy

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Great Oaks Venture Capital LLC, Choozle, Adtech Startup, Startup, Start-Up, Denver, New York City, NYC, Andrew Fischer.


Carl Icahn Plans 20% for PayPal IPO

Carl Icahn, an American businessman and investor, called on eBay to sell 20 percent of its PayPal payments unit in an initial public offering.

Icahn wrote in a letter to shareholders that a partial IPO, in which eBay retains control of an 80 percent portion of PayPal, would be advantageous for both sides. The two companies could function as separate businesses while maintaining the benefits of the companies’ current close relationship.

Icahn said that such an IPO could be structured to be tax free for shareholders.

The latest proposal is probably the most civil in a battle between Icahn and eBay’s leadership that has been growing increasingly nasty.

The activist investor, who owns about 2 percent of eBay, has been making noise for months that the San Jose-based e-commerce company should spin off PayPal, a strong division that makes up about 40 percent of eBay’s revenue. EBay has (repeatedly) fired back that it has no plan or interest in spinning off the payments division.

Source: Silicon Valley Business Journal

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Carl Icahn, eBay, PayPal, Initial Public Offering, IPO, San Jose, Ecommerce.


Vishal Dixit Selected by MF Advisors as Its Partner

Vishal Dixit has been appointed by MF Advisors LLP, a company that advises Mayfield, a global venture capital firm with over $2.6 billion under management, as its Partner.

MF Advisors was co-founded by Nikhil Khattau and Vikram Godse and currently advises Indian venture capital funds with over $219 million under management.

Dixit was previously a director at Zephyr Peacock, where he was a founding team member of four India focused funds and sat on the Investment Committee of the Zephyr Peacock III India Fund. He led Zephyr’s investments in and served on the boards of Aizant (life sciences product development), E2E Rail (railway technology services), and Pennar PEBS (pre-engineered construction), and was closely involved with another nine investments across various sectors. Dixit has also worked with Macquarie Capital’s principal investments group in New York, Actis Capital in London, the Secretariat for the Indian Prime Minister’s Committee on Infrastructure, the Planning Commission of India, and the United Nations. He holds an MBA from Stanford University.

Source: Business Standard

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Vishal Dixit, MF Advisors LLP, Mayfield, Nikhil Khattau, Vikram Godse, India, Indian Venture Capital, Zephyr Peacock, Zephyr Peacock III India Fund, E2E Rail, Pennar PEBS, Macquarie Capital, New York, Actis Capital, London, UK, United Nations, Stanford University.


Highland Capital Promotes Andy Hunt to Partner

A global venture capital firm focused on putting the entrepreneur first Highland Capital Partners, is pleased to announce the promotion of Andy Hunt to Partner.

In a move that strengthens the investment effort in New York, Andy will continue to focus on sourcing and leading new investments in consumer technology and ecommerce as he works with the exceptional entrepreneurs building the next generation of innovative and market leading companies.

“Andy understands the entrepreneurial journey, and as an insider to New York’s startup community he has demonstrated a great capacity to identify and engage with the next generation of technology leaders,” says Bob Davis, Partner with Highland. “This promotion recognizes the meaningful achievements Andy has made to date and our confidence in his efforts going forward.”

Source: IT Business Net

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Highland Capital Partners, Andy Hunt, New York, Consumer Technology, Ecommerce, New York, NY, New York Startup, Startup, Start-Up, Bob Davis.


Phunware Raises $30M in Series E Funding

Austin-based Phunwar, which creates mobile apps for clients like AT&T, NASCAR, Jawbone, E! Entertainment and Qualcomm, raised $26.25 million in the first close of its Series E funding led by Firsthand Technology Value Fund.

The Austin-based company expects to close its over-subscribed funding round within 60 days.

The latest funding round includes current investors Fraser McCombs Ventures, Maxima Ventures, Wild Basin Investment and the Central Texas Angel Network. It also includes new strategic investors Cisco and WWE.

Since its founding in 2009, Phunware has raised $43 million including the latest investment.

As part of the funding, Kevin Landis, Chairman and President of Firsthand, and Chase Fraser, Managing Partner of Fraser McCombs Capital, join Phunware’s board of directors.

Phunware had 2013 revenues of $22.1 million.

“The company currently supports more than 1 trillion annual transactions on its “multiscreen cloud platform” across nearly 190 countries and 10 languages,” according to a news release.

Source: Silicon Hills News

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Austin, Texas, Phunwar, Mobile Apps, AT&T, NASCAR, Jawbone, E! Entertainment, Qualcomm, Firsthand Technology Value Fund, Fraser McCombs Ventures, Maxima Ventures, Wild Basin Investment, Central Texas Angel Network, Cisco, WWE, Kevin Landis, Chase Fraser.


Boxfish Raises €5M from Atlantic Bridge and Samsung

An Irish-founded startup Boxfish, has raised €5 million in fresh funding round led by Atlantic Bridge Ventures and Samsung, the move will help it expand its range of services.

Boxfish, founded by Eoin Dowling and Kevin Burkitt, plans to increase its Dublin office from three to 15 people over the next 12 months.

It employs 14 people in its Silicon Valley office in Palo Alto, California.

The company develops technology that captures data from television shows, movies and other live video broadcasts to allow searches, alerts and other uses. It is increasingly used by broadcasters and manufacturers of televisions and set-top boxes.

The funding comes from Dublin-based venture capital firm Atlantic Bridge Partners and electronics giant Samsung. Boxfish previously raised $3m (€2.2m) in 2011 in ‘Series A’ funding.

Source: Irish Independent

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Ireland, Irish Startup, Startup, Start-Up, Boxfish, Atlantic Bridge Ventures, Samsung, Eoin Dowling, Kevin Burkitt, Dublin, Silicon Valley, Palo Alto, California.


Venture Capital Firm Accel Raises $1.475B in Two New Funds

A leading early and growth-stage venture capital firm Accel Partners, has raised $1.475 billion in two new funds, as one of its most prominent figures looks to decrease his role.

Famed Accel leader Jim Breyer will spend less time at the Palo Alto, Calif.-based firm, instead focusing his energy on personal investments through his own Breyer Capital. That decision comes on the heels of the firm’s announcement that it had put together the $475 million Accel XII fund to concentrate primarily on early-stage investments, as well the $1 billion Accel Growth III fund, concerned with primarily providing capital to companies looking to scale their businesses.

“This is a great day for Accel with the closing of Accel XII and Accel Growth Fund III,” Breyer wrote in an email from Vancouver, where he is attending the TED conference. “As a partner I am highly supportive of the next generation of leaders at Accel and plan to be actively involved with the new funds while also increasing my independent investment activity through my family office Breyer Capital.”

Source: Forbes

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Early-Stage Venture Capital Firm, Growth-Stage Venture Capital Firm, Accel Partners, Jim Breyer, Palo Alto, California, Energy Investment, Breyer Capital, Accel Growth III Fund.


Investors Fund 19 Bitcoin Startups in North America

According to a survey released by Aite Group LLC, a leading independent research and advisory firm, Bitcoin startups in North America have raised $98.6 million to date.

Investors have funded 19 Bitcoin startups in the region, compared with nine in Asia totaling $13.3 million and three in Europe with $5.6 million, according to the report by Boston-based Aite, which surveyed merchants, banks, regulators and Bitcoin companies.

Bitcoin, the most popular digital currency, is drawing attention from institutional investors after evolving over five years from an intellectual novelty into a global financial network. Pantera Capital Management LP, the investment firm run by Dan Morehead, disclosed in a December regulatory filing that it had formed a $147 million investment fund for Bitcoin. SecondMarket Inc. said yesterday it’s seeking approval for its Bitcoin Investment Trust to trade publicly by year’s end.

Many technical issues need to be worked out prior to mass adoption, Aite said. The Bitcoin network needs to process more transactions faster, and to be more transparent so as to allay regulatory concerns, the researcher said.

Source: Bloomberg

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Aite Group LLC, Advisory Firm, Bitcoin, Bitcoin Startup, Startup, Start-Up, North America, Bitcoin Asia, Bitcoin North America, Bitcoin Europe, Boston, Pantera Capital Management LP, Dan Morehead, Bitcoin Investment Trust.


Meet Mark Skapinker

Raised in South Africa but 30 years resident of Canada, Mark Skapinker is a Managing Partner at Brightspark, a software, Internet and Mobile venture capital firm.

A participant in many transactions over that period, Skapinker’s recent success came with the sale of its joint investment in New Brunswick-based Radian6 to Salesforce, an investment that produced a return of 2,700%. His initial success came as one of the original employee/owners at Delrina Corp., a software company formed in 1988 with about $1.5-million of capital and sold seven years later for US$415-million.

Following that sale, Skapinker formed other technology companies and became a venture capital investor/manager through funds geared to institutional investors.

Those funds (two are still active) are offered through Brightspark Ventures with the focus on early stage investments.

In 2014 Skapinker has a new approach. He is creating a series of investment funds that will limit themselves to one investment per fund. That is different from the normal approach where a venture fund will raise capital, typically from institutional investors and make a number of investments with the goal being to harvest those investments in 8-10 years.

Source: Financial Post

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, South Africa, Canada, Mark Skapinker, Brightspark Ventures, Software, Internet, Mobile Venture Capital Firm, New Brunswick, Radian6, Salesforce, Delrina Corp.


To Support Startups, Investors Boost Capital Fund

With a target to create new pools of capital to support fledgling ventures, Kae Capital and Blume Ventures, are raising new funds within two years of inception.

These funds are looking to bridge the gap between abundant seed funding and slightly scarcer venture capital in India’s booming startup ecosystem. The two Mumbai-based firms will begin the process of raising new funds by June.

“The larger fund will primarily help invest in follow-on rounds,” said Sasha Mirchandani, founder of Kae Capital. “The new fund will certainly be larger than the current $25 million,” he said.

Blume Venture, which raised Rs 100 crore from domestic investors in July 2012, expects to raise $50 million for its second fund, this time around the fund will also raise money from foreign institutional investors.

Blume Venture, which raised Rs 100 crore from domestic investors in July 2012, expects to raise $50 million for its second fund, this time around the fund will also raise money from foreign institutional investors.

Source: Economic Times

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Kae Capital, Blume Ventures, Seed Funding, India, Indian Venture Capital, Startup, Start-Up, Startup Ecosystem, Mumbai, Sasha Mirchandani, Kae Capital.


Investment Firms Invest $1B in Internet of Things during 2013

Investment firms and venture capital invested the amount of $1 billion in Internet of Things, a term for a connected network of objects, according to report.

Start-ups focusing on the Internet of Things attracted $1.1 billion in investments across 53 deals last year, according to data from CBInsights, a New York-based venture capital research firm. This represents an 11 percent increase from the previous year.

These start-ups cover a variety of industries, including healthcare sensor technology, energy management and home automation, among others. For instance, Washington-based start-up SmartThings, which produces home sensor kits, raised $12.5 million in early-stage funding in the fall of 2013. In December Orange Chef, a San Francisco-based start-up creating wirelessly enabled food scales, raised a $1.2 million investment round led by Google Ventures.

The majority of total deals this year were in the Series A stage, according to CBInsights — often a start-up’s first major fundraising round.

Source: Washington Post

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Internet of Things, Startup, Start-Up, CBInsights, New York Venture Capital, NY Venture Capital, Washington, SmartThings, Orange Chef, San Francisco, Google Ventures.


Great Oaks Venture Capital Leads $1.8M Funding Round for Choozle

Great Oaks Venture Capital, an early and seed-stage investment firm, has led a $1.8 million Series Seed round of financing for Choozle, an insights powered marketing platform, according to marketing platform announcement.

Choozle’s cloud‐based platform empowers marketers to “know and grow” their business by enriching their site visitors against thousands of data points including detailed demographics, purchase behaviors, and intent. These visual insights drive the creation of targetable audiences that power real-time advertising campaigns across display, mobile, social & video mediums–all in a matter of minutes.

“Current online ad technology is powerful, but highly fragmented, confusing and expensive. We are democratizing the ecosystem by empowering any business to harness big data and programmatic media,” said Andrew Fischer, CEO of Choozle. “We are really good at visualizing data that drives business action. Choozle is currently focused on digital marketing, but our platform will be applicable across multiple disciplines.”

Source: DigitalJournal

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Great Oaks Venture Capital, Seed Funding, Seed Financing, Seed-Stage Investment Firm, Choozle, Andrew Fischer.


TCV Announces the Close of Its Eight Fund at $2.23B

A leading provider of growth equity for premier technology companies Technology Crossover Ventures (TCV), is pleased to announce the final close of its eight growth equity fund at $2.23 billion.

With this fund, the firm’s capital raised since inception totals nearly $10 billion.

TCV VIII will continue to execute on Technology Crossover Venture’s core strategy of providing growth equity capital to market-leading technology companies, with a focus on the Internet, business and financial services, infrastructure, and software markets. The fund will be invested by TCV’s team of more than 40 investment professionals, one of the largest teams focused on growth equity investments in technology.

“We appreciate the continued support of our limited partners, whose strong participation in TCV VIII highlights our long track record in backing some of the world’s leading technology companies and entrepreneurs,” said Jay Hoag, a founding general partner of TCV.

Source: Business Wire

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Technology Crossover Ventures, TCV, TCV VIII, Growth Equity Fund, Growth Equity Capital, Jay Hoag.


Michael A. Wiley Joins FVCG as New Senior Director

Foundation Venture Capital Group (FVCG), an affiliate of New Jersey Health Foundation, is pleased to announce the addition of Michael A. Wiley as Senior Director of Ventures and Commercialization.

During the past 14 years, Mr. Wiley has amassed a successful track record in developing new businesses, forming and leveraging strategic relationships and supporting innovation and technology commercialization, all of which are part of his responsibilities in his new position.

Prior to joining FVCG, Mr. Wiley worked at the New Jersey Economic Development Authority (EDA) as a Senior Venture Officer, a Clean Energy Solutions Project Leader and an Innovation Zone Manager.  He has also held positions at Avaya and in the Rutgers University Office of Corporate Liaison & Technology Transfer.

“We are delighted that Mike is now part of our organization,” said Dr. George F. Heinrich, vice chair and CEO. “His past experience at the EDA and at Rutgers University has given him the expertise and skills he’ll need to assist FVCG as we continue to invest in life science start-ups in New Jersey heading toward commercialization.”

Source: DigitalJournal

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Foundation Venture Capital Group, FVCG, New Jersey Health Foundation, Michael A. Wiley, New Jersey Economic Development Authority, EDA, Clean Energy Solutions Project Leader, Innovation Zone Manager, Avaya, Dr. George F. Heinrich, Rutgers University, New Jersey, NJ.


MaRS IAF Leads a Venture Capital Round for Aislelabs

MaRS IAF, Rho Ventures and salesforce.com along with a number of strategic angels, led a venture capital funding round for Aislelabs Inc., according to a Toronto-based company.

The investment will be used to accelerate sales and marketing efforts for the company’s product suite – Aislelabs Flow and Aislelabs Engage.

As e-commerce has evolved, brick n’ mortar retailers have been left behind. Aislelabs aims to provide the same level of sophistication to offline retailers, as their online counterparts have, to understand and target the shopper. Aislelabs’ technology assists retailers to increase sales through the power of big data analytics.

Aislelabs helps its clients understand customer traffic patterns and behavior inside and outside their physical stores in ways never before possible. This deeper understanding empowers our suite of products to deliver highly personalized marketing tailored to individual in-store customers. Aislelabs’ technology transforms retail locations to smart stores, resulting in effective marketing, increased sales, and better customer satisfaction.

Source: Virtual-Strategy Magazine

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, MaRS IAF, Rho Ventures, salesforce.com, Angel, Angel Investor, Aislelabs Inc., Toronto, Aislelabs Flow, Aislelabs Engage, E-Commerce.


Augmedix Banks $3.2M for Google Glass Medical Boost

Augmedix, a service for medical doctors that’s powered by Google Glass, is pleased to announce the raise of $3.2 million in venture capital funding.

The announcement comes on an especially busy day for the start-up’s 36 employees, who will begin moving out of the Mission Bay incubator Rock Health and into their own 7,000-square-foot office in San Francisco’s Mid-Market neighborhood.

Augmedix’s founders, who formed the company as Stanford University students in 2012, said they will use the cash from DCM and Emergence Capital Partners to hire more staff and expand their services. The company’s program is designed to allow Google Glass-wearing doctors to cut down on paperwork and spend more time with patients.

Taking notes on a patient’s condition, whether electronically or by hand, has always been a necessary yet time-consuming part of a doctor’s job.

Source: San Francisco Chronicle

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Augmedix, Google Glass, Mission Bay, Rock Health, San Francisco, Mid-Market Neighborhood, Stanford University, DCM, Emergence Capital Partners.


Data Collective Venture Capital Leads $10M Series A for Blue River Technology

Data Collective Venture Capital has led a $10 million in series A funding round for Blue River Technology, a pioneer in the use of computer vision and robotics for agriculture.

Eric Schmidt’s Innovation Endeavors joined the round as a new investor, and existing investor Khosla Ventures also participated. With this new funding, the company plans to further expand its engineering team and product offering.

Over the past three years, Blue River Technology has developed and successfully commercialized revolutionary robotic systems that unlock greater yield potential in agriculture. Rather than the current approach of applying chemicals inefficiently across entire fields, Blue River is building a future in which “every plant counts” – where the needs of each plant are measured and inputs are applied precisely in the required dosage.

Source: Broadway World

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Data Collective Venture Capital, Blue River Technology, Eric Schmidt, Innovation Endeavors, Khosla Ventures.


Janice H. Hammond Lands in Women’s Venture Capital Fund Advisory Board

Janice H. Hammond, the Jesse Philips Professor of Manufacturing at Harvard Business School, has been appointed by Women’s Venture Capital Fund (WVCF) advisory board.

She currently teaches Technology and Operations Management in the HBS MBA program. During her long tenure at Harvard Business School, Professor Hammond has taught a wide range of management and businesses courses in the MBA Program as well as several HBS Executive Education courses for general managers.

Currently Professor Hammond serves as program chair for the HBS Executive Education International Women’s Foundation and Women’s Leadership Programs.  She previously served as Senior Associate Dean, Director of Faculty Planning.

Professor Hammond has published widely on the topics of logistics and channel coordination and has an active interest in the field of e-learning. She consults and teaches at several major multi-national corporations. She holds an Sc.B. degree in Applied Mathematics from Brown University and a Ph.D. in Operations Research from the Massachusetts Institute of Technology.

Source: PR Web

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Janice H. Hammond, Jesse Philips Professor, Harvard Business School, Women’s Venture Capital Fund, WVCF, HBS MBA, Brown University, Massachusetts Institute of Technology, MIT.


Catalyst Romania Backs Simartis Telecom

Catalyst Romania, a private equity and venture capital fund which invests in SMEs in the TMT sector, announced it has acquired 23% stake in Simartis Telecom through capital growth.

Simartis Telecom develops products and services for GSM operators. The most important product is Bubble, a mobile marketing and X-menu tool for promoting the services of GSM operators. In 2013, Simartis Telecom posted EUR 1.4 million in revenues.

“The partnership with Catalyst will help us become a global competitor. In the next period, we have ambitious plans regarding the development of the sales force and international support and the promotion of our solutions. We wish to boost our capacity to deliver projects simultaneously to multiple clients and help them benefit rapidly from our solutions. All these mean we must redefine the business model and the know-how that Catalyst places at our disposal is essential,” according to Razvan Ionescu, CEO of Simartis Telecom.

Catalyst Romania, the first private equity fund dedicated to Romania, is financed mainly through the European Investment Fund (FEI) via the JEREMIE initiative, which is part of the Operational Programme ‘Increase of Economic Competitiveness’, co-financed via the European Fund for Regional Development.

Source: Balkans.com Business News

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Private Equity and Venture Capital Fund, Private Equity, Private Equity Firm, Private Equity Group, Private Equity Company, Private Equity Fund, Catalyst Romania, SMEs, TMT Sector, Simartis Telecom, GSM, Razvan Ionescu, European Investment Fund, FEI, Europe, European Fund.


BVCA Awards NewVoiceMedia in Britain

The British Private Equity & Venture Capital Association (BVCA) has named NewVoiceMedia, a leading global provider of cloud contact centre solutions, as one of the most dynamic and cutting-edge young companies in the UK.

The ‘Britain’s Hot Talent 2014/15 handbook of UK venture capital innovation’ presents the most ground-breaking venture capital-backed businesses from ten distinct sectors of the British economy, which managing partner Simon Clark believes is a snapshot of what can be achieved with ingenuity, hard work and the right support. “As the UK recovers from the worst economic recession in over 50 years, it is vital that entrepreneurship is encouraged in all its forms and across all industries,” he commented.

The report recognises NewVoiceMedia for its instantly deployable true cloud contact centre solution ContactWorld, which integrates seamlessly with Salesforce, enabling businesses of all sizes to deliver a personalised and unique customer experience and drive a more effective sales and marketing team.

Source: DigitalJournal

 

Tags: Private Equity, Private Equity Firm, Private Equity Group, Private Equity Company, Private Equity Fund, Private Equity Investment, Private Equity Investor, Fund of Fund, Private Equity Business, Private Equity Industry, PE, Private Equity and Venture Capital, Venture Capital, Venture Capital Firm, Venture Capital Fund, British Private Equity & Venture Capital Association, BVCA, NewVoiceMedia, UK, ‘Britain’s Hot Talent 2014/15, British Economy, Simon Clark, ContactWorld, Salesforce.


Trinity Ventures Leads $20M Series C Round for Simply Measured

Trinity Ventures with participation from Bessemer Venture Partners, Four Rivers Group, MHS Capital and other existing investors, led a $20 million series C round for Simply Measured, the leading social media analytics and measurement solution.

Karan Mehandru, General Partner at Trinity Ventures, will join the Board of Directors at Simply Measured. The investment will allow the company to continue their steep growth trajectory and enable ongoing product expansion.

As the role of social media in the marketing organization increases and expands, so does the need to accurately measure the performance of social activities. While social listening tools have provided businesses with a way to view conversations from a high level, sophisticated marketers need better tools to more accurately measure the performance of their campaigns and distill actionable information from the data.

Simply Measured provides enterprise-­level insights from the leading social media networks including Facebook, Twitter, Instagram, LinkedIn, YouTube, Google+, Tumblr and Vine compiled into visual dashboards that can be shared easily across the organization.

Source: Broadway World

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Trinity Ventures, Bessemer Venture Partners, Four Rivers Group, MHS Capital, Simply Measured, Social Media Analytics, Karan Mehandru, Facebook, Twitter, Instagram, LinkedIn, YouTube, Google+, Tumblr, Vine.


Crypton Purchases Rival Business Nanotex from Its Private Equity Owners

Nanotex private equity and venture capital owners sold a nanotechnology specialist to its rival business The Crypton Companies, a hi-tech textile company, terms of the deal were not disclosed.

The US company bought Nanotex, a nanotechnology specialist, from a group headed by WL Ross and Co, and also including Norwest Venture Partners, Masters Capital Nanotechnology Fund, Firelake Capital Management and Masters Capital Management.

The company uses nanotechnology to enhance textiles, giving them properties including stain and water resistance, moisture wicking, odour control, static elimination and anti-wrinkling.

Crypton said Nanotex technology had featured on branded finished products worth US$280m at retail around the world in 2013.

“This is a strategic acquisition as we extend our market share with apparel throughout the world,” said Randy Rubin, chairman of The Crypton Companies.

Source: Just-Style

 

Tags: Private Equity, Private Equity Firm, Private Equity Group, Private Equity Company, Private Equity Fund, Private Equity Investment, Private Equity Investor, Fund of Fund, Private Equity Business, Private Equity Industry, PE, Private Equity and Venture Capital, Venture Capital, Venture Capital Fund, Venture Capital Firm, Nanotex, Crypton, US, WL Ross and Co, Norwest Venture Partners, Masters Capital Nanotechnology Fund, Firelake Capital Management, Masters Capital Management, Randy Rubin, The Crypton Companies.


Infocomm Investments Leads $2.1M Funding Round for JFDI

Infocomm Investments Pte Ltd (IIPL), a Singapore-based investment fund, has led a $2.1 million funding round for startup accelerator Joyful Frog Digital Incubator (JFDI).

Venture capital firm SpinUp Partners Ltd; early stage investor Fenox Venture Capital; Pransform Services’s Vijay Saraff; Paul Burmester, CEO at ValidSoft; and Thomas Gorissen, as well as a number of unnamed investors from the Philippines also participated in the round.

With this round, the incubator has reached close to the halfway mark of its target of raising $4.7 million (SGD 6 million) to scale up its operations in Singapore and better serve entrepreneurs across Southeast Asia.

“With huge support from the local community, JFDI was the first to bring a new approach to nurturing startup companies to Asia. Now that we have proved that it works, it’s time to scale up and that’s exactly what this funding allows,” said Wong Meng Weng, chairman of JFDI.Asia.

Source: VC Circle

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Infocomm Investments Pte Ltd, IIPL, Singapore, Joyful Frog Digital Incubator, JFDI, SpinUp Partners Ltd, Early Stage Investor, Fenox Venture Capital, Pransform Services, Vijay Saraff, Paul Burmester, ValidSoft, Thomas Gorissen, Philippines, Southeast Asia, Wong Meng Weng, JFDI.Asia.


Standish and Ipes Decide on Strategic Partnership

Two boutique providers of fund services to managers of private equity, venture capital, real estate and fund of funds, Standish and Ipes, declared strategic partnership.

Under the partnership, Standish and Ipes will work together to share their specialised private equity knowledge, experience and contacts in their respective U.S. and European markets. As a result, both firms and their clients will benefit from enhanced cross-jurisdictional capabilities and access to a transatlantic network. Furthermore, Standish’s clients will be able to gain access to Ipes’ corporate services and European regulatory expertise.

The new alliance gives U.S.-based fund managers access to experts in European fund structures and new European regulatory requirements, including AIFMD depositary. Likewise, European managers will gain access to experts in U.S. structures and tax complexities, which is especially important in the current legislative climate as managers are required to comply with FATCA and other tax exchange agreements.

Source: Guernsey Isle News

 

Tags: Private Equity, Private Equity Firm, Private Equity Group, Private Equity Company, Private Equity Fund, Private Equity Investment, Private Equity Investor, Fund of Fund, Private Equity Business, Private Equity Industry, PE, Venture Capital, Venture Capital Fund, Venture Capital Firm, Real Estate, Real Estate Fund, Real Estate Investment, Standish, Ipes, US, Europe, European Fund, AIFMD.


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