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Webgility, a provider of e-commerce accounting integration software for small and medium-sized businesses, has raised USD2.5 million in growth funding from SaaS Capital.
Webgility will use the funds to increase headcount, ramp up product development, and expand into new vertical markets.
“This funding from SaaS Capital will be instrumental as we continue to build momentum,” says Parag Mamnani, Founder and CEO of Webgility. “This is our first institutional investment and although we received several outside funding offers, we knew SaaS Capital was the best fit for us at this stage. Working with SaaS Capital we’re able to avoid both the strict
Funds managed by KKR are to acquire Air Medical from affiliates of Bain Capital and Brockway Moran & Partners. Financial terms of the transaction have not been disclosed.
Air Medical provides emergency transportation services to individuals with critical health issues or injuries who are located too far from hospitals to be transported by ground in a timely manner. Air Medical’s subsidiaries transport more than 75,000 critically injured patients each year through a fleet of helicopters and airplanes that operate 24 hours a day and seven days a week. In addition Air Medical provides over 120,000 ground transports on an annual
Returns on US private equity and venture capital funds remained positive in the quarter ending 30 September, 2014, though both were down from their second-quarter results.
Venture capital, benefitting from a healthy IPO market, outperformed private equity in the third quarter, while both outpaced key public market indices, according to benchmarks published by Cambridge Associates LLC tracking these alternative asset classes.
The Cambridge Associates LLC US Private Equity Index® rose 1.7% in Q3 and 10.2% year-to-date (YTD). Over the same periods, the Cambridge Associates LLC US Venture Capital Index® climbed 2.4% and 10.8%. For comparison, the S&P 500 was up
HIG Europe (HIG), the European arm of global private equity firm HIG Capital, has acquired Adelie Foods, a provider to retailers including Sainsbury’s and Boots, as well as several UK coffee shop chains.
The company has built a reputation as a provider of fresh sandwich products to supermarkets, coffee shops and the food service sector and prides itself on its in-house distribution of up to a million fresh sandwiches every day around the UK. Adelie is also behind the popular sandwich brand URBAN eat. The group expects to reach nearly GBP300m turnover in the current financial year.
Adelie was
SpareFoot, the largest US marketplace for finding and booking self-storage, has closed a USD33 million investment to accelerate its growth.
SpareFoot has used a proven marketplace model to bring technology to a traditional, multibillion-dollar industry, and has become to storage what OpenTable is to restaurants, Booking.com is to travel and Zillow is to home buying. New investor Revolution Growth led the round, with participation from existing investor Insight Venture Partners and new investor Monkfish Equity. In conjunction with the financing, Scott Hilleboe, partner at Revolution Growth, and entrepreneur Rony Kahan, co-founder and chairman of job search engine Indeed, will join
Oilfield technology company Signum Instruments has secured a growth capital investment from NGP Energy Technology Partners (NGP ETP).
”Signum Instruments, is an innovative oilfield technology company that was formed to deliver the next generation of open-hole formation evaluation tools, with a particular emphasis on harsh and small-diameter environments for unconventional applications,” says founder and President, Weidong Liu. “The partnership with NGP ETP provides Signum with the financial resources needed to accelerate growth, build out its infrastructure, respond quickly to its customers and continue to develop new tools. Our vision is to be the trusted and preferred solutions provider for quality
Osney Buy-Side has identified the top three challenges currently facing European asset managers: the role of technology in driving growth; the continuing wave of regulation; and lack of standardisation in cash flow management.
These three issues will be addressed at the 14th annual TSAM Europe, which returns to London on 17 March, along with the latest strategies and developments in the asset management industry.
The role and importance of technology in driving growth for the future of the industry is of high importance, and at the front of asset manager’s minds. The issue will be addressed in the event’s
HealthMyne has raised USD4.5m in a Series A investment round led by venture capital firms – Venture Investors and 4490 Ventures.
Additional participants include HealthX Ventures and several prominent angel investors.
HealthMyne was founded in 2013 by a group of healthcare industry entrepreneurs. Their prior start-up experiences include TomoTherapy, Geometrics, and UltraVisual.
According to Rock Mackie, a HealthMyne founder: “There’s been a lot of attention directed toward personalized health and evidence-based medicine, but we feel confident that we are in the best position to turn that vision into reality for clinical imaging and oncology. Importantly, the first step began with
The French National Private Equity and Venture Capital Association (AFIC) has created a Club dedicated to bringing together private equity professionals interested in Africa.
The Africa Club has been created in the wake of unprecedented economic growth witnessed in Africa over the past 10 years. The region's population is set to double by 2050, and the World Bank estimates financing needs at USD90 billion annually for the next 15 to 20 years. The Club will support the growing interest of French private equity and venture capital professionals in Africa.
It is chaired by Hervé Schricke, a seasoned private equity professional
JLT Specialty Insurance Services has appointed André Eichenholtz as Senior Vice President, Leader of US Private Equity Due Diligence & Specialty Services.
Eichenholtz most recently served as President of Krauter & Company LLC where he managed the day-to-day operations of the firm including leading the client account service teams for risk management clients, middle market clients, the small business unit and Private Client Services of the firm, as well as managing corporate marketing, new business, carrier relations and recruiting efforts. He was with the company since its inception more than ten years ago.
Eichenholtz brings to the JLT Specialty USA
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