angela sormani

World CNG, a natural gas vehicle conversion business, has secured a $5 million from Union Bay Capital, a Seattle investment fund. The funding from Union Bay Capital will allow World CNG to expand into Chicago and Las Vegas, open a distribution center in the Southwest and pursue innovations that will make natural gas conversion more […]

Infrastructure-as-a-service company ProfitBricks has secured $19.5 million investment from its founders and United Internet AG, a European internet services provider. The company was founded in 2010 by the previous co-founders of 1&1 Internet.

GameSkinny has secured a $2 million Series B funding led by CLR Partners. The business is a video game publishing platform where gamers can discover, create and promote their voice to the video gaming community.

Earlybird Venture Capital has closed a $6 million Series A funding in Videdressing.com, a social marketplace dedicated to fashion. Earlybird, DN Capital and Piton Capital co-led the round and were joined by Generis Capital.

Pyramid Analytics has closed a $11.5 million funding round led by Sequoia Capital. Pyramid Analytics is a BI applications business that simplifies access to information to help organizations optimize their business decisions.

The European Investment Bank and EADS have announced the signature of a 300 million euro ($388 million) finance contract in support of EADS Group’s innovation and R&D programmes. This loan reflects the long-standing partnership that has formed between the EIB and EADS over the past ten years.

OCZ Technology Group, a provider of high-performance solid-state drives for computing devices has entered into a $30 million loan and security agreement with Hercules Technology Growth Capital. The loan agreement consists of a $15 million term loan and a $15 million revolving loan facility.

Endgame, a provider of battle-tested cyber security solutions, has closed a $23 million Series B equity financing. Led by new investor Paladin Capital Group, the Series B includes participation from existing investors Bessemer Venture Partners, Columbia Capital, Kleiner Perkins Caulfield & Byers and TechOperators.

French company EyeTechCare SA, which develops non-invasive therapeutic medical devices for the ophthalmology market has secured a third round of funding amounting to ten million euros ($13 million). Bernard Chauvin, a private investor, has taken an equity stake in the company alongside Omnes Capital (formerly Credit Agricole Private Equity) and the Lyon-based insurer SHAM.

Specialist growth capital investor Oxford Capital has exited mobile network optimisation business, Arieso, in an $85 million deal. The sale realised returns of up to 4.7x for investors.