Luisa Beltran
AccuVein said Thursday that it has received $22.5 million in Series B financing. MVM Life Science Partners and Bessemer Venture Partners led the financing round. Huntington, N.Y.-based AccuVein provides medical imaging technology.
Pixazza said Monday that it's changing its name to Luminate. Mountain View, Calif.-based Luminate provides a platform for image applications. The company has received funding from August Capital, CMEA Capital, Google Ventures and Shasta Ventures.
DCM led a $6 million round of funding for AHAlife.com. FirstMark Capital also contributed. New York-based AHAlife is an editorialized commerce platform for curated lifestyle products.
It's time to make some profit.
On Wednesday, shares of Dunkin' Brands opened at $25. The stock closed at $27.99 on the Nasdaq, an increase of $8.99, or 47.32% above its offer price. Volume was roughly 45.4 million.
Late yesterday, Dunkin' Brands raised nearly $424 million after selling 22.3 million shares at $19 each (this was up by $1 from the original guidance of $16 to $18 a share). JP Morgan, Barclays Capital and Morgan Stanley are joint book-runners on the deal.
Dunkin' Brands, which is owned by Bain Capital, the Carlyle Group and Thomas H. Lee, is highly leveraged, with about $1.9 billion in long-term debt. In 2005, the three PE firms acquired the company in a $2.4 billion deal. It's unclear how much equity the PE firms invested but the buyout shops put in equal amounts. Since 2005, the PE firms have received two dividends, according to SEC filings. In November 2007, the sponsors received $90 million in a payout; another $500 million came in December 2010, according to the filings.
Phizzle said Wednesday that it has completed a $3 million Series A round of financing led by Alsop Louis Partners. Phizzle, of San Francisco, is a a mobile marketing technology company.
True Ventures has led a $2 million Series A funding round for Nodeable. San Francisco-based Nodeable provides a cloud-based social platform for systems data. PRESS RELEASE Nodeable, providers of a cloud-based social platform for systems data, today announced the closing of its $2 million Series A funding led by True Ventures and said that it […]
Chestnut Hill Ventures has made a "significant" investment in Affinity Solutions. Financial terms weren't disclosed. Affinity provides partner-based rewards and marketing programs in the U.S.
Motif Investing said Monday that it received $20 million in Series B financing led by Ignition Partners. Norwest Venture Partners and Foundation Capital also joined in the round. San Mateo-based Motif is developing a platform that will let retail investors "easily invest in ideas," according to a statement.
Need a quick loan to buys some books for school?
In the U.S., such loans aren't that hard to secure. But in emerging countries like the Philippines or Brazil, these loans can be a headache for middle class consumers, says Jeff Stewart, cofounder and CEO of Lenddo.
Often times, these countries don't have the infrastructure to provide student or housing loans, Stewart says. Customers typically wait hours in a local bank to speak to a loan rep, fill out applications on carbon forms and then wait weeks to find out whether they were approved. If they aren't, these college educated consumers--which are typically accountants, call center employees or computer programmers-- are often at the mercy of local loan sharks, Stewart says.
"These people are the emerging middle class," says Stewart. "They work, they have jobs and they have some level of education but there's no real credit history on them. They couldn’t go to a bank."
Rupert Murdoch is feeling the love!
Yesterday, we asked you whether the head of News Corp. should step down. This came after a very interesting week for the eighty-year-old Murdoch. In questioning before Parliament, he refused to take responsibility for the hacking scandal plaguing News Corp. The U.S. Justice Department is reportedly preparing subpoenas as it investigates claims that NWS journalists in the U.K. tried to hack the phones of 9/11 victims. And, Murdoch nearly got hit with a fake pie that has made his wife, Wendi Murdoch, a media sensation. The Tiger Wife came through for Rupert in a smackdown heard around the world.
But I digress. Should the elder Murdoch step down from News Corp.? Late Thursday, about 53% of voters were saying they wanted Murdoch gone. That changed. A slim majority, or 54.4%, thinks Murdoch should stay at News Corp. But another 45.6% think he should leave.