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TargetCast Networks, a provider of out-of-home digital TV advertising, has received USD6.5m in its second formal round of venture capital funding from Claremont Creek Ventures and Draper Fisher Jurvetson.
TargetCast previously raised USD6.3m in a series A investment led by Claremont Creek Ventures in September 2007. To date, the company has raised USD12.8m.
Jerry Hall, president and chief executive of TargetCast Networks, says the funding will be used to fuel expansion of the company’s advertising network and to cultivate strategic partnerships to sell advertising and to build an internal advertising sales team.
"Each of our investors has an impressive track
Vitech Systems, a provider of software and services to the alternative asset community, has signed seven new clients to the Equitrak platform during the first half of 2009.
These clients include Caledon Capital Management, IDeA Capital Funds SGR, Hauck & Aufhauser, and Thomas Weisel Partners Group.
Equitrak is a multi-lingual, multi-GAAP, and multi-currency fund administration solution.
"Vitech is extremely excited by Equitrak’s strength in the marketplace, with clients in ten countries including the US, Canada, Switzerland, Luxembourg, Singapore, and China," says Frank Vitiello, president of Vitech Systems. "Equitrak continues to lead the marketplace and deliver superior fund administration features. Its
Castanea Partners has appointed Jeffrey F. Rayport as operating partner.
Rayport has over 20 years of executive experience in information and marketing services.
Prior to Castanea, he was the founder and chairman of Marketspace, a strategy practice that works with companies to reinvent how they interact with customers and markets.
Previously, Rayport was a faculty member at Harvard Business School where he developed and taught the first e-commerce course in the US. He continues to teach in various executive programmes at the school.
Robert Smith, managing partner of Castanea, says: “As an operating oriented private investment firm, adding Jeffrey to
ThermalTherapeutic Systems, a developer of portable platform technology to standardize hyperthermic perfusion, has completed a USD2.75m series A financing.
After receiving initial start-up funding by the Pittsburgh Life Sciences Greenhouse, and successful rounds of private financing which included follow-on investments by the Pittsburgh Life Sciences Greenhouse and Innovation Works, Originate Ventures has taken the lead on a USD2.75m commitment intended to spearhead the commercialization of ThermalTherapeutic Systems proprietary new technology.
"Originate Ventures’ financial support of our strategic objectives marks a significant milestone in our company’s development. In July we submitted our application to the FDA, in August we closed on
KKR has appointed Jonathan R. Levin to the newly created position of treasurer and head of investor relations.
As treasurer, he will be involved in the oversight of the firm’s balance sheet, including the USD3bn in net assets it is expected to receive as a result of its combination transaction with KKR Private Equity Investors.
Henry R. Kravis and George R. Roberts, co-founders of KKR, said: “Jon’s new roles are important steps that will maximize the value of our capital for our investors, strengthen oversight within KKR and ensure a constructive and robust dialogue with public investors. Jon is well
HarbourVest Global Private Equity, a closed-end investment company listed on Euronext Amsterdam, has reported a 3.3 per cent rise in net asset value over the six months to 31 July 2009.
As at 31 July 2009, HVPE’s NAV was USD652.0m or USD7.86 per share. This represents an increase of USD0.25 per share, or 3.3 per cent over the six months from 31 January 2009 (USD7.61).
Of the USD0.25 increase in NAV per share, USD0.02 resulted from HarbourVest US fund of funds, USD0.11 from HarbourVest non-US fund of funds, USD0.06 from HarbourVest direct funds, and USD0.22 from unrealised foreign currency movement.
Quantum Energy Capital has held its final closing at USD2.5bn for Quantum Energy Partners V, a private equity fund dedicated to the energy industry.
Founded in 1998, Quantum has more than USD5.7bn of assets under management. Champlain Advisors acted as placement agent.
Quantum remains committed to the same investment strategy it has refined since its founding, targeting investment opportunities between USD100m and USD400m with proven management teams and whose companies have sustainable advantages within well-defined segments or strategies in the energy industry.
Quantum primarily focuses on the oil and gas upstream, midstream and power sectors, but considers opportunities across the
eBureau, a provider of predictive scoring and information services for online advertisers, has closed a USD10m round of series C financing led by venture capital firm Tenaya Capital.
Existing series A and B investors Split Rock Partners and Redpoint Ventures also participated in the financing round.
"Our investment demonstrates confidence in eBureau’s management team, the direction the company is taking and the opportunity at hand," says Ben Boyer (pictured), managing director of Tenaya Capital. "We are impressed with the growth in eBureau’s business and believe that, with its real-time predictive analytics technology, the company is exceptionally well-positioned to help online
CarryQuote a provider of integrated desktop and mobile financial information solutions, has signed its reseller agreement in the US with EmergingTraders.com, an alternative investment management company.
The partnership enables EmergingTraders.com to offer a branded version of the CarryQuote solution to its universe of managed futures traders and investors, and expands CarryQuote’s domestic presence.
The CarryQuote solution provides real-time pricing data, actionable analytics, and personalised alerts through an integrated mobile and online interface.
By offering a branded, white-label application for investors, EmergingTraders.com can increase its number of customer touch-points and generate greater visibility among its user base of more than 10,000
TiE-Arizona, the local chapter of the global association of entrepreneurs, will host a venture capital event that brings together entrepreneurs with top investors on 6 October.
This is the ninth year that TiE-Arizona has held the event. Local entrepreneurs are invited to attend and meet top venture capitalists from the nearby communities of Silicon Valley, Southern California, Utah and Colorado.
The six funds represented all invest in early stage enterprises and have either invested in Arizona or will actively look at Arizona companies in which to invest.
"This event has historically been one of the best forums in Arizona for
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