Office space platform Hubble procures Series A funding


This post is by Iris Dorbian from PE Hub Blog: Venture Capital Deals


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London-based Hubble, an online platform for flexible office space, has secured 4 million pounds in Series A funding. JLL Spark led the round.

PRESS RELEASE

Monday, January 21, 2019 – LONDON: Hubble, the online platform for flexible office space, has secured £4 million in Series A financing from a group of industry-leading investors, spearheaded by JLL Spark Global Venture Fund.

The London headquartered platform was founded in 2014 and is now one the UK’s fastest growing technology companies, placing a business in a new office every three hours. It lists over 5,000 offices on its website, covering the whole flexible office market, and the latest investment takes its fundraising total to £6.4 million over three funding rounds.

This marks the first European investment for JLL Spark, the Silicon Valley-based venture capital arm of JLL. Other investors include Downing Ventures and the Directors of M7 Real Estate (owners of

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Harbinger Ventures leads $5.9 mln round for Vinebox


This post is by Iris Dorbian from PE Hub Blog: Venture Capital Deals


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San Francisco-based Vinebox, a subscription wine service, has secured $5.9 million in funding. Harbinger Ventures led the round. The capital infusion will be used to expand its team and scale its online distribution.

PRESS RELEASE

January 18, 2019 – San Francisco, CA – VINEBOX Inc., parent company for VINEBOX and Usual, launched in 2016, by Rachel Vodofsky and Matt Dukes has raised $5.9 million in funding led by Harbinger Ventures. VINEBOX Inc. will use the funds to expand their San Francisco based team and further scale their online distribution.

VINEBOX is a quarterly subscription service which sources nine exclusive, hand-selected wines from around the world and sends them directly to members in patented “by the glass” bottles. This allows members to discover new wines and explore their own taste preferences without committing to full-sized bottles. Members are then able to purchase bottles of their favorites. VINEBOX

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Back pain app creator Kaia Health inks $10 mln Series A


This post is by Iris Dorbian from PE Hub Blog: Venture Capital Deals


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Kaia Health, a creator of a back pain app, has secured $10 million in Series A funding. Balderton Capital led the round.

PRESS RELEASE

London, Munich & New York City, 21st January 2019 – Digital therapeutics pioneer Kaia Health, creator of the world’s leading back pain app, today announces it has raised $10 million in a Series A round led by Balderton Capital to tackle some of the world’s most urgent health challenges, including a range of chronic conditions. The investment will be used to support Kaia Health’s US rollout, including a new office in New York City, and fund further clinical studies.

Since launching in 2016, Kaia Health, has created scientifically-validated digital treatments for a range of disorders including back pain and COPD. Its Kaia back pain app has been rapidly adopted by over 250,000 individuals as well as organisations across Europe and the US. This includes some

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Calamos Investments to buy Milwaukee investment firm Timpani


This post is by Iris Dorbian from PE Hub Blog: Buyout Deals


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Calamos Investments has agreed to acquire Timpani Capital Management LLC, a Milwaukee-based boutique investment firm. No financial terms were disclosed.

PRESS RELEASE

NAPERVILLE, Ill., Jan. 18, 2019 /PRNewswire/ — Calamos Investments®*, a global investment management firm, announced today that it has signed a definitive agreement to acquire Timpani Capital Management LLC, a boutique investment firm based in Milwaukee. The transaction is expected to close following applicable regulatory and customary closing conditions, including mutual fund shareholder approvals.

Co-founded in 2008 by Chief Investment Officer and Portfolio Manager Brandon M. Nelson, Timpani focuses on small-and smid-cap growth investing, combining fundamental research with behavioral finance concepts.

“We are thrilled to have Brandon and his team join Calamos Investments,” said John P. Calamos, Sr., Founder and Global Co-Chief Investment Officer of Calamos Investments. He continued, “As our firm has long embraced the merits of active management and growth-focused stock selection, Timpani’s

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PE-backed ATC Drivetrain taps Heald as president and CEO


This post is by Iris Dorbian from PE Hub Blog: Human Resources


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Oklahoma City-based ATC Drivetrain, a remanufacturer of automotive drivetrain components, has named Greg Heald as president and CEO. Previously, he worked at Key Safety Systems. ATC Drivetrain is a portfolio company of Crestview Partners.

PRESS RELEASE

OKLAHOMA CITY, Okla., Jan. 18, 2019 /PRNewswire/ — The ATC Drivetrain Board of Directors is pleased to announce that Greg Heald has joined the company as President and Chief Executive Officer and will also serve as a member of the Board of Directors. Mr. Heald has extensive global automotive industry experience and was most recently based in Shanghai, China with Joyson Safety Systems (f.k.a. Key Safety Systems). Key Safety Systems was previously a portfolio company of Crestview Partners, ATC Drivetrain’s majority owner.

During his 20 years with Key Safety Systems, Mr. Heald served in a variety of global leadership positions with responsibilities in North America, Europe and Asia. Prior to

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UK business finance company MarketInvoice nabs Series B funding


This post is by Iris Dorbian from PE Hub Blog: Venture Capital Deals


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UK-based MarketInvoice, a business finance company, has secured 26 million pounds in Series B funding. Barclays and Santander InnoVentures led the round.

PRESS RELEASE

21st January 2019, London; Fintech business lender MarketInvoice today announced it has raised £26m in new equity funding. This Series-B funding round was led by Barclays and fintech fund Santander InnoVentures with significant participation from European venture fund Northzone, an existing investor in the company. Technology credit fund Viola Credit, who also participated in the equity round, will provide a debt facility of up to £30m to help scale the MarketInvoice business loans solution, that sits alongside their core invoice finance solutions.

Since 2011, MarketInvoice has funded invoices and business loans to UK companies worth more than £2 billion, making them Europe’s largest online invoice finance platform. MarketInvoice has supported thousands of companies across the UK, funding over 170,000 invoices and supporting over 15,000 UK

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Nexit Ventures adds new partner to team


This post is by Iris Dorbian from PE Hub Blog: Human Resources


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Finland and Silicon Valley-based Nexit Ventures has appointed Markku Mäkeläinen as a new partner. Previously, he worked at Facebook.

PRESS RELEASE

WASHINGTON, Jan. 18, 2019 /PRNewswire/ –Nexit Ventures, a venture capital company focused on digital disruption, has appointed Markku Mäkeläinen as a new partner. He joins Nexit at an exciting time, as the company targets for an even more central role in the fast-growing Nordic startup market. Mäkeläinen will focus on Nexit’s new investments and scaling its portfolio companies.

Helsinki’s startup ecosystem has a central role in the Nordic startup market. Despite this, on a global scale, Finland does not have any large venture capital funds. Nexit will focus on technology disruption through investments primarily in the Nordics and opportunistically in the Baltics and beyond.

Mäkeläinen joins Nexit from Facebook Inc., where he led engineering and technology for Facebook’s partnerships organization, focusing on augmented and virtual reality, mobile, growth,

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Egis and ABS Capital takes majority stake in ClearObject


This post is by Iris Dorbian from PE Hub Blog: Buyout Deals


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Egis Capital Partners and ABS Capital Partners have acquired a majority stake in ClearObject, an IoT systems integration provider for asset and data intensive industries. No financial terms were disclosed. In conjunction with the funding, E. Perot Bissell and Bill Polk, managing partners at Egis as well as Phil Clough and Ralph Terkowitz, general partners at ABS Capital, will join ClearObject’s board of directors.

PRESS RELEASE

SUMMIT, N.J. (PRWEB) JANUARY 17, 2019

Today Egis Capital Partners (“Egis”) and ABS Capital Partners (“ABS Capital”) announced they have acquired a majority interest in ClearObject, a leading IoT systems integration provider for asset and data intensive industries. The acquisition was sourced by Egis, a leading private equity firm, and is consistent with Egis’ strategy to invest in technology-enabled businesses that utilize security infrastructure to drive operational efficiency. ABS Capital, a leading growth equity firm, co-led the funding. E. Perot Bissell

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Gryphon-backed Hepaco buys PetroChem


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Succession Capital Partners has sold PetroChem Recovery Services Inc to Hepaco LLC, which is backed by Gryphon Investors. No financial terms were disclosed. Katten Muchin Rosenman LLP provided legal advice to Hepaco while Queen Saenz + Schutz PLLC represented PetroChem. Based in Norfolk, Virginia, PetroChem is an environmental services provider for transportation, industrial, and government clients.

PRESS RELEASE

Charlotte, NC January 18, 2019 – HEPACO, LLC (“HEPACO”), a leading provider of environmental and emergency response services, announced today that it has acquired PetroChem Recovery Services, Inc. (“PetroChem” or “the Company”) from Succession Capital Partners. Headquartered in Norfolk, VA, PetroChem is a leading environmental services provider for transportation, industrial, and government clients. Terms of the deal were not disclosed. HEPACO is majority-owned by San Francisco-based Gryphon Investors, a leading middle market private equity firm.

This transaction represents the fourth acquisition completed under Gryphon’s ownership.
HEPACO Chief Executive Officer Ken Smith

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GPB Capital expands team with new hire


This post is by Iris Dorbian from PE Hub Blog: Human Resources


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GPB Capital Holdings LLC has named Brian Weisenberger as a managing director, communications. Previously, he worked at Ascendant Capital where he was executive director of product and due diligence.

PRESS RELEASE

NEW YORK, Jan. 17, 2019 — GPB Capital Holdings, LLC (GPB Capital) announces that Brian Weisenberger has joined the firm as Managing Director, Communications. He will lead GPB Capital’s new in-house communications team.

“Our ongoing growth, and that of our various operating partners across the country, depends on the effective external and internal communication of key data, insights, and messages,” said David Gentile, Founder and CEO of GPB Capital. “Brian’s many years of experience managing alternative investment platforms, products, and strategies position him well to help us best utilize our in-house communications and marketing services to achieve our goals.”

Mr. Weisenberger will be joined by three other new communications-focused professionals. They will comprise GPB Capital’s communications team, into

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HyperScience snags $30 mln Series B


This post is by Iris Dorbian from PE Hub Blog: Venture Capital Deals


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HyperScience, an edge machine learning company offering enterprise-grade solutions for automating office work at scale, has secured $30 million in Series B funding. Stripes Group led the round with participation from other investors that included Flatiron Health, Sift Science, SPINS, Upwork, FirstMark Capital, Felicis Ventures, Battery Ventures, Global Founders Fund, TD Ameritrade and QBE.

Source: Press Release

Lightview invests in Educational Measures


This post is by Iris Dorbian from PE Hub Blog: Buyout Deals


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Lightview Capital has made a “significant” investment in Denver-based Educational Measures LLC, a provider of live event technology focused on audience engagement and associated data and analytics. No financial terms were disclosed. Harbert Management Corporation and Resolute Capital Partners also participated in the transaction while Enterprise Bank & Trust provided a senior line of credit to Educational Measures.

PRESS RELEASE

NEW YORK (PRWEB) JANUARY 17, 2019

Lightview Capital (“Lightview”) has announced a significant investment in Educational Measures LLC (“Educational Measures,” or “the Company”), a leading provider of live event technology focused on audience engagement and associated data and analytics.

Headquartered in Denver, CO, Educational Measures leverages an advanced second screen technology platform that enhances attendee engagement and delivers powerful data-driven insight and analytics, increasing repeat attendees, referrals, and improving client relationships. Its proprietary product (“Array™”) is an interactive technology platform that continuously engages attendees and collects valuable data on

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HaystackID buys eTERA Consulting


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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HaystackID has acquired eTERA Consulting, an eDiscovery managed services company. No financial terms were disclosed. The senior teams of both companies have reinvested in the combined business along with additional investment from Knox Capital, ORIX Mezzanine & Private Equity, Maranon Capital and Baird Principal Group.

PRESS RELEASE

WASHINGTON (PRWEB) JANUARY 17, 2019

HaystackID, a specialized eDiscovery services firm that helps corporations and law firms find, listen, and learn from data when facing complex, data-intensive investigations and litigation, today announced it has acquired eTERA Consulting, a leading eDiscovery managed services company. The senior leadership teams of both organizations have reinvested in the combined business alongside additional investment from Knox Capital, ORIX Mezzanine & Private Equity, Maranon Capital, L.P., and Baird Principal Group. With the acquisition, eTERA will fully integrate and operate as HaystackID.

Hal Brooks, CEO of HaystackID, shared, “I am incredibly excited to have eTERA join the

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Netrounds collects Series A funding


This post is by Iris Dorbian from PE Hub Blog: Venture Capital Deals


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Netrounds, a Swedish provider of software-based active testing, monitoring and automated troubleshooting solutions for communications service providers and global enterprises, has secured an undisclosed amount of Series A funding. The investors included Swisscom Ventures.

Source: Press Release