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E8 Storage, an early-stage enterprise storage company based in Israel, today announces a USD12 million Series B financing round led by Accel, with participation from existing investors Magma Venture Partners and Vertex Ventures.
The investment will help the company to launch its next-generation flash storage with a rack-scale architecture for the enterprise and software-defined cloud.
As new generations of high-performance enterprise applications come to market, businesses are trying to find ways to improve the performance and latency of their data centres. This has led to the introduction of NVMe (Non-Volatile Memory Express), a new standard of flash storage which
The UK-based White Car, which is set to disrupt the self-drive car hire sector, will launch a new service in August 2016 allowing customers from around the world to hire a Tesla Model S 90D for a simple all-inclusive fee of GBP149 including VAT, via the White Car app.
The company, whose initial fleet will be based at Heathrow Airport, has launched a GBP250,000 fundraise on Crowdcube with a company valuation of GBP750,000 post funding.
White Car, which is already taking pre-bookings at www.whitecar.eu ahead of its launch in August, will redefine the often cumbersome and inefficient self-drive car
DiscountRamps.com, a n online retailer of hauling and transportation products and a Rotunda Capital Partners portfolio company, has acquired Heavy Duty Ramps LLC, an industry-leading designer and manufacturer of aluminium ramps.
The financial terms of the transaction have not been disclosed.
Utilising its patented designs, Kewaskum, Wisconsin-based Heavy Duty Ramps creates and distributes ramps, loading systems and other products for use with trucks, trailers, airplanes and many other applications. Discount Ramps offers more than 11,000 products, primarily servicing the powersports, mobility, recreational, commercial, transportation, military and industrial markets.
Discount Ramps and Heavy Duty Ramps have had a longstanding strategic partnership,
Porky’s BBQ, a London-based BBQ restaurant chain with five sites across the capital, is seeking GBP650,000 in investment via Crowdcube for its next phase of growth. The campaign will last 30 days and launches on 18 May.
Porky’s BBQ is a family-run, Memphis-style restaurant with sites in Camden, Shoreditch, Bankside, Crouch End and a recently opened site in Chelsea. With around GBP100,000 turnover a week in London, the brand wishes to use this crowd sourced investment to open two more sites this year alone.
This will be the business’s first effort to gain outside investment after self-funding an impressive first
Lawson Products, a distributor of products and services to the MRO marketplace, has acquired FB Feeney Hardware in Mississauga, Ontario, Canada. The transaction closed on 9 May, 2016.
FB Feeney Hardware has been serving the industrial market in Toronto and the surrounding area since 1952 and is known as a fleet specialist. The company’s products and value proposition are similar to that of Lawson Products’ and include vendor managed inventory services. With this acquisition, Lawson Products is gaining three experienced sales representatives.
Tom Feeney, who has led the company for the last 38 years, has agreed to join Lawson Products.
Peer-to-peer alternative finance platform Assetz Capital has launched the 30-Day Access Account (30DAA), with Provision Fund, the fourth specialist investment account available to investors on the platform.
The new account follows on from the success of the Quick Access Account (QAA), launched in October, which to date has seen over GBP50 million flow through it, funding UK SMEs.
Whereas the QAA account has a current rate of 3.75 per cent gross per annum, the new 30DAA has a current rate of 4.25 per cent gross per annum whilst also benefiting from the added protection of a discretionary Provision Fund. The
A fund managed by private equity investment firm Cloud Equity Group has acquired CloudAccess.net, a cloud-based hosting and support platform for Joomla and WordPress based content managers with offices worldwide.
Kevin Wilson, Managing Partner at Cloud Equity Group, says: “CloudAccess.net has done a phenomenal job at executing within a niche segment of the internet hosting market by developing a proprietary Cloud Control Panel (CCP) specifically catering to Joomla and WordPress users. We believe that by combining our resources with CloudAccess.net’s expertise and IT infrastructure, the company will be well positioned for continued future growth.”
It’s no secret the do-it-yourself website
Global alternative asset firm TPG today announced the final close of its latest North American- and European-focused private equity fund, TPG Partners VII. The fund raised USD10.5 billion in commitments, including USD400 million from TPG and its personnel.
TPG Partners VII has so far invested USD2.1 billion across six companies, including Cirque du Soleil, real estate firm Cushman & Wakefield, educational software company Ellucian, integrated midstream company EnLink, Life Time Fitness, and U.K. retail chain Poundworld.
“Thanks to the continued support of our limited partners, we surpassed the target figure for TPG Partners VII. The closing of the fund
Technology investor Amadeus Capital Partners has led an investment of USD11 million alongside existing venture capitalist investor Albion Ventures, in Relayware, a software provider that accelerates channel revenues.
The investment will help drive growth in the US, the largest and most mature market for the Software as a Service (SaaS) industry, which is forecast to be worth USD132 billion globally by 2020.
Relayware is a global provider of Partner Relationship Management (PRM) software and services that produce valuable insights to bring organisations closer to their partners. Its software automates the partnering process and provides the visibility needed to gain an
Wasserstein & Co, on behalf of its private equity fund Wasserstein Partners III, has acquired Moss Inc (Moss), a provider of highly engineered, three-dimensional fabric structures and customised environmental branding solutions. Terms of the acquisition have not been disclosed.
Founded in 1975, and headquartered in Elk Grove, IL, Moss transforms physical environments into powerful branded experiences. Moss’ three-dimensional visual communication structures and displays enrich marketing and merchandising venues, including retail destinations, tradeshows, corporate environments, museums and entertainment events. The Company is a differentiated, total solutions provider that serves its customers’ unique needs from project visualisation and design conception to production
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