Tenaya Capital, a venture capital firm that invests in high-growth technology companies, has closed Tenaya Capital VI. The USD372m fund was oversubscribed against a target of USD300m. Tenaya VI marks the firm’s first independent fundraise since spinning out from Lehman Brothers in 2009. The firm has over USD1bn under management,

Public and private sector investment totalling GBP56m will lead to the development and demonstration of technologies to cut carbon emissions from road transport and accelerate the commercialisation of low carbon vehicles. Over GBP27m of public funding, from the Office for Low Emission Vehicles and the Technology Strategy Board, together with

Mashery, a provider of API management platforms and strategy, has raised USD10m in funding led by OpenView Venture Partners and other existing investors including Cisco, Formative Ventures, First Round Capital and .406 Ventures. The company will use the financing to broaden its global operations, sales and marketing force. Mashery will

More than half (51 per cent) of consumer goods and retail (CG&R) sector companies are focusing their M&A strategy on high-growth economies, rather than domestic (30 per cent) or global developed markets (19 per cent), according to a survey published by Clifford Chance. The research, which was conducted by the

Sitoa Global, an e-commerce solutions and service provider, has secured an investment from Ingenium Capital, a European based private equity firm. The funds will be used to continue the company’s expansion into the growing social e-commerce segment. Ingenium Capital invested USD500,000 in a private placement at a price of USD0.15

Alternative asset manager The Carlyle Group has agreed to invest up to USD800m in Genesee & Wyoming Inc (GWI), which will enable GWI to acquire RailAmerica for an all cash purchase price of USD2bn (USD27.50 per share). Equity for the investment will come from Carlyle Partners V, a USD13.7bn US

US-based companies raised USD8.1bn through 863 venture capital deals during the second quarter of 2012, a nine per cent decline in capital and three per cent decline in deals from the same period last year, according to Dow Jones VentureSource. Through the first six months of the year, venture capital

Mercia Fund Management has launched the Mercia Growth Fund, capitalising on the recent introduction of Seed EIS (SEIS) and the marked enhancements to EIS in the Finance Act. Mercia Fund Management believes a hybrid fund will provide investors with a combination of maximised tax efficiency and the flexibility to invest