Platform.sh scores $34 mln Series C

Paris and San Francisco-based Platform.sh, a provider of an idea-to-cloud application platform that simplifies cloud infrastructures, has secured $34 million in Series C funding. Partech led the round with participation from Idinvest Partners, Benhamou Global Ventures, SNCF Digital Ventures and Hi Inov. PRESS RELEASE San Francisco, May 23, 2018 – Platform.sh, provider of the idea-to-cloud application platform that simplifies cloud infrastructures, today announced it has raised $34 million in a Series C funding round. U.S.-based Partech led the round, along with Idinvest Partners, Benhamou Global Ventures (BGV), SNCF Digital Ventures and returning investor, Hi Inov. Platform.sh will use the investment to accelerate its go-to-market strategy in North America and support its rapidly growing customer base in the region. Platform.sh is a comprehensive “idea-to-cloud” application platform that simplifies cloud infrastructures, enabling enterprises to realize all the promises and benefits of the cloud without
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Battery-backed Clubessential acquires Stretch Internet

Clubessential, which is backed by Battery Ventures, has acquired Phoenix, Arizona-based Stretch Internet, a streaming provider of college sports. No financial terms were disclosed. PRESS RELEASE CINCINNATI (PRWEB) MAY 22, 2018 Clubessential, the leading provider of membership and club management solutions to the private club, college athletic and health and fitness markets, today announced the acquisition of Stretch Internet. Stretch, based in Phoenix, Arizona, pioneered the development and deployment of streaming video technology that delivers high quality, real-time, immersive video broadcasts of more than 70,000 live college sports events a year. “We are excited to welcome Stretch Internet, their valued customers, employees and partners to Clubessential’s Sports Division. Stretch Internet successfully serves over 40% of the 4-year schools in the major athletic programs such as the NCAA and NAIA,” said Randy Eckels, CEO of Clubessential, which is majority owned by investment firm Battery Ventures. “The company’s innovative
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Pensa Systems snaps up $2.2 mln seed

Austin, Texas-based Pensa Systems, a provider of autonomous perception systems, has secured $2.2 million in seed funding. ATX Seed Ventures led the round with participation from other investors that included ZX Ventures. Source: Press Release

Tailwater increases equity to Silver Creek

Tailwater Capital LLC has increased its equity commitment to Silver Creek Midstream from $150 million to $300 million. The additional equity will be used to continue the build-out of its crude gathering system in the Powder River Basin. Irving, Texas-based Silver Creek is a midstream company. PRESS RELEASE DALLAS, May 22, 2018 /PRNewswire/ — Silver Creek Midstream, LLC (“Silver Creek”) announced today that Tailwater Capital, LLC (“Tailwater”) has increased its equity commitment from $150 million to $300 million. Tailwater’s increased equity commitment will be provided by both Tailwater Energy Fund III (“EF-III”) and EF-III limited partner co-investors.
Silver Creek will utilize the additional equity available to continue the buildout of its 100%-owned crude gathering system in the Powder River Basin. The wholly-owned gathering system will consist of up to 250 miles of crude oil infrastructure spanning Converse, Campbell, Johnson and Natrona Counties. With over 50-miles of existing gathering infrastructure already
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Doctor house calls app Heal seals $20 mln

California-based Heal, an app that enables doctors to make house calls, has raised $20 million in funding. The investors included Bascom Ventures, Inflection Capital, IRA Capital, RLJ Equity Partners and Trans-Pacific Partners. PRESS RELEASE LOS ANGELES, MAY 22, 2018 — Heal, the recognized innovator and market-leader in doctor house calls, today announced it has closed $20 million in additional funding, bringing the company’s total capital raised to more than $69 million. The investment comes from Bascom Ventures, Inflection Capital, IRA Capital, RLJ Equity Partners, Trans-Pacific Partners, and others who have now joined Heal’s existing group of investors, which includes Fidelity Contrafund, Jim Breyer, Lionel Richie, and Dr. Paul Jacobs. Heal will use this new capital to pursue new markets, explore new business models, and advance their technology. “Over the last three years, we’ve re-established unhurried, relationship-based house calls as a gateway for cost controls and improved outcomes throughout the
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Trive promotes Bonner to partner

Dallas-based private equity firm Trive Capital has promoted Blake Bonner to partner. Bonner’s duties include identifying and evaluating investment opportunities and performing transaction due diligence. PRESS RELEASE May 22, 2018 DALLAS, Texas Trive Capital, the Dallas, TX based private equity firm, is pleased to announce the promotion of Blake Bonner to Partner.
“Blake is a great investor with a nose for value, and with Trive’s continued growth and recent fundraise for Trive Capital Fund III, his addition to the leadership of the Firm will enable us to create increasing value for our LPs, management team partners and firm employees,” commented Conner Searcy, Managing Partner of Trive Capital. Blake’s responsibilities include identifying and evaluating investment opportunities, performing transaction due diligence and working with management teams to implement operational and growth strategies. About Trive
Trive Capital is a Dallas, Texas based private equity firm managing over $2 billion in capital. Trive focuses
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Luma Health nets $6.33 mln Series A

Luma Health, a provider of smart patient-provider communications, has closed $6.33 million in Series A funding. U.S. Venture Partners led the round with participation from other investors that included Stanford-StartX Fund. In addition to the funding, Dafina Toncheva of U.S. Venture Partners will join Luma Health’s board of directors. Source: Press Release

Iora Health racks up $100 mln Series E

Boston-based Iora Health, a primary care provider with a focus on Medicare patients over 65 years of age, has secured $100 million in Series E funding. The investors included .406 Ventures, Devonshire Investors, F-Prime Capital, Flare Capital Partners, GE Ventures, Humana, Khosla Ventures, Polaris Partners and Temasek. Source: Press Release

Compass Partners adds Kester to team

Compass Partners has hired James Kester to help lead business development in the U.S. Previously, Kester was chief investment officer of the private equity department of the Abu Dhabi Investment Authority. PRESS RELEASE Compass Partners announces that James Kester has joined the team to help grow its business and increase origination in the US. Since 2000, James has built and managed global investment businesses for institutional investors. Most recently, he served as Chief Investment Officer of the Private Equity department of the Abu Dhabi Investment Authority (ADIA), one of the world’s largest sovereign wealth funds since 2010. James has also been a member of Advisory Board of DPE Deutsche Private Equity GmbH since 2017. Compass Partners commented:
“We are delighted that Jim has joined the team. We believe he will be a significant asset to help us continue to deliver innovative and creative liquidity solutions including the acquisition of
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Houlihan Lokey acquires placement agent BearTooth from Riverstone

Investment bank Houlihan Lokey Inc has acquired BearTooth Advisors, a London and New York City-based placement agent and adviser, from Riverstone Holdings. No financial terms were disclosed. As a result of the deal, the BearTooth team will form a private funds group, which will be part of Houlihan Lokey’s corporate finance business. The group will be led by BearTooth Partners Bob Brown, Andy Lund and Jim McGee. BearTooth was co-founded in 2014 by Riverstone Holdings LLC and Brown, Lund and McGee. Prior to the acquisition, BearTooth was operating as a division of Riverstone Capital Services LLC and Riverstone Europe LLC.

Covington taps two to co-chair private equity practice

Law firm Covington has named Amy Wollensack and Sergio Urias as co-chairs of its private equity practice. Both were previously with Kirkland & Ellis. PRESS RELEASE NEW YORK, May 22, 2018 — Amy Wollensack and Sergio Urias have joined Covington in New York as Co-Chairs of its Private Equity practice. Ms. Wollensack and Mr. Urias represent private equity sponsors in the acquisition and disposition of portfolio companies and investments across a wide range of industries. Mr. Urias, who practiced in Mexico before practicing in New York, also advises sponsors and strategic clients in Latin America. “Amy and Sergio have strong reputations in the private equity community and bring a long track record of successfully representing sponsors in private equity investing,” said Scott Smith, Chair of Covington’s Corporate practice. “They bring the needed leadership for the future growth of our private equity practice.” “Covington has developed a robust list of
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Parabola collects $2.2 mln

San Francisco-based Parabola, which helps automate manual work, has secured $2.2 million in funding. Matrix Partners led the round with participation from other investors that included AngelPad, Merus Capital and Abstract Ventures. Source: Press Release

Riverside provides funding to GermanPersonnel

The Riverside Company has made an investment in Munich-based GermanPersonnel, an e-recruiting technology company. No financial terms were disclosed. Lupp+Partner, EY and EY-Parthenon advised Riverside on the transaction. PRESS RELEASE The Riverside Company has invested in Munich-based e-recruiting technology company GermanPersonnel, a leading SaaS vendor for data-driven programmatic recruitment solutions focused on enterprise as well as medium-sized customers with high volume recruiting needs. Its software automatizes the entire e-recruitment process while optimizing the most important aspects in e-recruiting, i.e. reach, candidate quality and time-to-hire, ultimately increasing ROI. “GermanPersonnel provides an exceptionally valuable product, helping customers fill vacancies with the right talents quickly, which is an acute challenge in today’s environment,” said Riverside Partner Michael Weber. “Its compelling results are proven in its remarkably high customer satisfaction and superior retention. We are excited about this opportunity and will help GermanPersonnel accelerate its growth further.” Riverside’s expertise in software and
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L Catterton backs Vitamin Packs

L Catterton has made an undisclosed investment in Vitamin Packs. Previous backer BrandProject also invested in this round. Based in Washington, Vitamin Packs provides daily packs of personalized vitamins. PRESS RELEASE SEATTLE and GREENWICH, Conn., May 22, 2018 /PRNewswire/ — Vitamin Packs, the personalized nutrition industry disrupter that combines personal information with drug nutrient interactions, today announced that it has received a significant growth investment from L Catterton, the largest and most global consumer-focused private equity firm in the world. L Catterton’s investment will be used to support the rapid growth of Vitamin Packs’ unique personalized vitamin subscription service. Existing early-stage investor BrandProject also participated in this round. Terms of the transaction were not disclosed. Vitamin Packs is reinventing how consumers select and purchase dietary supplements with a subscription service that delivers personalized daily packs. Vitamin Packs is the only personalized nutrition company to cross reference more than 650
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Okera inks $12 mln Series A

Okera, a software provider, has secured $12 million in Series A funding. Bessemer Venture Partners led the round with participation from Felicis Ventures and Capital One Growth Ventures. In addition to the funding, Ethan Kurzweil, a partner at Bessemer Venture Partners and Wesley Chan, managing director at Felicis Ventures, joined Okera’s board of directors. Source: Press Release