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Justworks has raised USD33 million in a Series C funding round led by Redpoint Ventures with participation from existing investors Bain Capital Ventures, Thrive Capital and Index Ventures. The round brings Justworks’ total funding to USD53 million.
The company will use its current funding to invest in its core technology and features and enhance its benefits platform with additional partnerships and offerings that will continue to make life easier for its small business customers and their employees. With an already established foothold in New York and licenses in all 50 states, Justworks is poised to continue its growth across the country.
EZBob Ltd, which trades as business e-lenders Everline and EZBob, has closed a Series C investment round with a GBP20 million equity investment from Leumi Partners, the investment banking arm of Israel-based Bank Leumi, and funds managed by existing investor Oaktree Capital Management.
This latest investment round provides EZBob Ltd. with additional capital to increase its lending capacity and further develop its leading technology platform to enable more of the country’s 5.2 million SMEs to instantly access the capital needed to fuel their growth plans, any time and from anywhere.
Bank Leumi is one of Israel’s largest banks and
Wise SGR has closed Wiseequity IV at the fund’s hard cap of EUR215 million in equity commitments.
The fundraising was completed in under 6 months following strong demand from both existing and new investors. Italian institutional investors accounted for approximately 25% of the total commitments, while international investors, both from the US and Europe, represented 60% of total commitments, with the balance from the management team and HNWIs.
Wisequity IV will continue Wisequity III’s strategy targeting transformational investments in the Italian lower-mid market, with a particular focus on export oriented leaders in BtoB niches. Wisequity III, a 2011 vintage
Pivotus Ventures has hired Janina Lieser and Raj Bhandari as Entrepreneur in Residence, Dr Andrew Eichenbaum as Chief Data Scientist and Joshua Sortino as Head of Design.
All will work directly with Managing Directors Steve Gotz and Oren Goldschmidt to advance bank innovation and customer experience.
“Janina, Raj, Andrew and Joshua bring a powerful combination of innovative product development, data analytics and user experience design that will be essential as Pivotus leverages Umpqua Bank’s reputation and data to reinvent the banking experience,” says Ray Davis, president and CEO of Umpqua Holdings Corporation. “With their talent and expertise, we look
SPARK Impact, an stage venture capital specialist has been selected, subject to the necessary regulatory and contractual confirmation, as the manager of the Isle of Man Enterprise Development Scheme (EDS.
SPARK Impact will run the Accelerator and Relocator elements of the GBP50 million Scheme approved by the Isle of Man Government (Tynwald) in October 2015.
EDS support will be available to a wide range of businesses including new Isle of Man start-ups, existing expanding Isle of Man businesses and businesses wishing to relocate to the Island. The EDS will provide grant, loan and equity investment to eligible businesses that
Mucker Capital has launched Mucker III, a USD45 million seed-stage venture capital fund which will invest in Internet-enabled software and services startups, with a focus on companies based in the greater Los Angeles area.
The fund will support seed-stage venture investments as well as pre-seed investments via MuckerLab, the firm’s renowned accelerator program.
“We are founders, just like the entrepreneurs we serve,” says Erik Rannala, co-founder and Managing Partner at Mucker Capital. “To use a startup fundraising analogy, our first fund was a small friends and family round; our second fund was a seed round that allowed us to
HIG Capital has appointed Giuseppe Mirante as Managing Director of Bayside Capital, the firm’s distressed debt and special situations affiliate. Mirante, who has over 15 years of private equity and distressed debt experience, will be based in London.
Prior to joining Bayside, Mirante was Head of Distressed and Loan Research at BNP Paribas in London. Previously, He was a European credit and distressed analyst at Cyrus Capital and Trafalgar Asset Managers. He also co-founded and ran Tigon Capital, an advisory company for private equity and credit funds. He is fluent in German, Italian, Spanish and French and holds an MBA
FundCount, a Boston-based provider of investment management, general ledger and partnership accounting software for single and multi-family offices, fund administrators, hedge funds, private equity and related investment firms, has appointed Michael Slemmer CFA (pictured) as Chief Operating Officer for the Americas.
With over 30 years of experience in investment technology, Slemmer joins FundCount from SS&C, where he was Director of Business Development for its performance measurement, attribution and risk products. Prior to this he was a principal at The Collaborative, an investment industry consulting firm. Slemmer was General Manager, North America and held other leadership roles at Thomson Financial –
Westbridge Capital portfolio company Energist Medical Group has bought part of Chromogenex Technologies Limited, the Llanelli-headquartered business that recently went into administration.
Swansea-based Energist has acquired global rights outside the USA to the Chromogenex name and a range of well-recognised i-Lipo brands and products established by Chromogenex over the past decade.
Energist is a specialist in the medical aesthetic equipment industry, manufacturing a range of plasma, laser and light-based products used for the removal of hair and the reduction of fine lines, wrinkles, acne and veins.
Max Humber, Group CEO at Energist Medical Group, says: “Strategically, this deal
Private Equity is to recapitalise Gastro Health PL (Gastro Health), a gastroenterology physician practice management company with 21 centres across South Florida.
Gastro Health was founded in 2006 with the merger of GI Care Center, Gastroenterology Associates, and Gastroenterology Group. The company has acquired 16 new centres and on-boarded over 30 new physician partners since its founding.
Geoffrey S Rehnert, Co-CEO of Audax Group, says: “Gastro Health is a leading provider of gastroenterology services with an unparalleled reputation for providing exceptional care to its patients. We look forward to partnering with Dr. Jim Leavitt, Alex Fernandez, and the rest
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