Dropcam, makers of Dropcam HD – a Wi-Fi video monitoring camera with cloud recording service – has raised USD30m in series C funding led by Institutional Venture Partners (IVP).   Existing investors Accel Partners and Menlo Ventures and new investor Kleiner Perkins Caufield & Byers also participated in the round. This funding brings the total amount raised to USD47.8m.   The investment will be used to grow the engineering team, broaden the company’s product line and expand into new sales channels.   "With this new round of investment, we’re going to push the envelope on what consumers expect from connected

BaltCap, the Baltic-focused private equity firm, has sold Medicap Holding to synlab, a European provider of laboratory services.   synlab has acquired 100 per cent of Medicap Holding, which owns Estonian, Finnish and Lithuanian laboratories operating under the Quattromed and Sorpo brand names, from BaltCap and individual shareholders.   By acquiring operations in three new markets, synlab further expands its footprint in Europe and becomes the first international laboratory chain to enter the Baltic markets.   Dr Bartl Wimmer, chief executive of synlab, says: “We are very pleased to add Quattromed and Sorpo labs to the synlab group. The acquisition

Funds affiliated with Apollo Global Management have signed a definitive agreement under which Apollo will acquire Pitney Bowes Management Services (PBMS) for approximately USD400m in cash.   The transaction, which is subject to customary closing conditions, is expected to close in the fourth quarter of 2013. Until then, Pitney Bowes will continue to operate PBMS.   “This transaction represents a tremendous opportunity for both Pitney Bowes and PBMS,” says Marc Lautenbach (pictured), president and chief executive, Pitney Bowes. “It is part of our continued evolution into a company better aligned to address the needs of clients while focusing on the

L’ArcoBaleno has secured a seven-figure financing round from a group of international investors.   L’ArcoBaleno is positioned to lead the luxury design industry by bringing a curated marketplace of intriguing and valuable furniture, lighting, crafts and decorative arts direct to consumers.   Since its launch in June, consumers around the world are acquiring collectible material at L’ArcoBaleno including objects ranging in price up to USD40,000.   Led by venture capital firm Holtzbrinck Ventures L’ArcoBaleno’s latest funding round also includes DN Capital, Otto Capital BV and Novel TMT Ventures. Individual investors Carmen Busquets, Frederic Court and Christophe Maire have all contributed

SigmaCare has secured new equity funding from healthcare investment firm Marlin Equity Partners and existing investors.   SigmaCare provides clinical software to the long-term and post-acute care market enabling providers to improve quality of care and financial results by driving down costs, increasing revenue and reducing risk and re-hospitalisations.   "The funding from Marlin Equity Partners will allow SigmaCare to expand our nationwide presence, accelerate product innovation and strengthen interoperability initiatives," says Steve Pacicco, chief executive of SigmaCare. "Marlin’s broad resources and expertise make them the right partner to help SigmaCare address the rapidly changing needs of our customers and

Green Innovations has settled over USD2.6m in trade payables, removing these obligations from its balance sheet, in exchange for the issuance of shares of its common stock to Ironridge Consumer Co, an institutional investor specialising in direct equity investments in consumer product companies.   As a result of the transaction, Green Hygienics, a wholly-owned subsidiary of Green Innovations, has turned strategic payables on the balance sheet into equity. In addition to significantly strengthening the balance sheet, the transaction will enable the company to focus on increasing sales and its ongoing efforts to develop high-quality eco-friendly products made from sustainable and