Lawrence Aragon
Programma 101 launches in Italy, while H.I.G. raises its second European fund with an oversubscribed $1.1 billion
Applied Predictive Technologies, a cloud-based data analytics software company, has received a $100 million minority investment from the merchant banking division of Goldman Sachs, the company announced today. APT, founded in 1999, was recapitalized in 2006 with $54 million from Accel-KKR and Adams Street Partners, according to Thomson Reuters (publisher of peHUB). APT says that 80 of the world's largest corporations use its products. Its customers include American Greetings, OfficeMax and Owens Corning.
SAVO Group, a venture-backed sales software developer in Boston, has received a $10 million venture loan from NXT Capital. The loan is part of a larger growth financing round from previous investors SAP Ventures and Sterling Partners, as well as lender Square 1 Bank, according to NXT. SAVO, founded in 1999, previously raised $24 million over two rounds from SAP Ventures and Sterling Partners, according to Thomson Reuters (publisher of peHUB).
Innogest raises $65M and aims to make first deal within six months
Just since April, notable firms such as Andreessen Horowitz, Founders Fund, Google Ventures and Union Square Ventures have invested $9 million in three bitcoin-related companies: BitPay, CoinBase and OpenCoin.
Providing what appears to be a sizable exit for Ignition Partners and other venture firms, Facebook today acquired startup Parse Inc., which offers a cloud-based mobile application platform. Ignition was the startup's largest venture backer.
Mashery's sale to Intel for a reported $180 million-plus appears to be a good outcome for Mashery's venture investors, including .406 Ventures, Cisco Systems, First Round Capital, Formative Ventures, OpenView Venture Partners and SoftTech VC.
Rock star VC Bijan Sabet explains why he remains bullish on consumer Internet deals, what he learned from serving on Twitter’s board, and the secret to success for young VC firms such as Spark, First Round Capital and Union Square Ventures.
Even as many investors move into index funds, Harvard University is confident that it can keep posting above-average returns with actively managed investments, the head of the school’s investment arm said on April 3.
Gov. Mitt Romney picked up more supporters after the Supreme Court chose not to overturn President Obama's healthcare law, according to our latest poll.