Luisa Beltran
Myspace, the nearly forgotten social media site, may have found a buyer.
All Things Digital is reporting that Specific Media, an ad targeting firm, is in the lead for Myspace. Irvine, Calif.-based Specific Media is backed by Francisco Partners.
Golden Gate, a distressed investor that recently inked a deal for California Pizza Kitchen, is also vying for the social network site, the report says. The San Francisco PE firm has never done a social media deal.
It looks like Zynga, the maker of Facebook games like FarmVille, will finally launch its long-awaited IPO.
According to CNBC, Zynga could file its S-1 as early as tomorrow. The deal would be between $1.5 billion to $2 billion in size, CNBC said. The IPO may value Zynga at $15 billion to $20 billion, Deal Journal said.
Of course, Zynga has selected Morgan Stanley as it lead bookrunner. Morgan Stanley, in case anyone has forgotten, was the lead bookrunner for LinkedIn's very successful offering and is also leading Groupon's IPO (Goldman Sachs is co-lead bookrunner on Groupon).
Moda Operandi said Monday that it has raised $10 million in Series B funding led by New Enterprise Associates. New Atlantic Ventures (NAV), the lead investor from the Series A round, also invested. Moda Operandi is an online luxury fashion retailer.
Digital Assent said Friday that it has received $7.5 million in Series B funding. Sanan Private Equity, BIP Opportunities Fund and Buckhead Investment Partners led the round. Imlay Investments and BLH Venture Partners, who led the Series A funding earlier this year, also contributed. Digital Assets provides the PatientPad, a patient check-in and patient education solution.
There wasn’t much angst about the new definition of venture capital firms.
Yesterday, we asked you if the SEC got it right with its interpretation of VC firms. With the definition, the regulator is allowing VCs to operate pretty much as they are already. VCs can invest up to 20% of a fund in so-called non-conforming investments without triggering registration demands, peHUB reported.
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Yesterday, venture capitalists apparently scored a victory. The Securities and Exchange Commission adopted a definition of the VC industry that permits VCs to operate pretty much as they are already. VCs can invest up to 20% of a fund in so-called non-conforming investments without triggering registration demands, peHUB reported.
Boston Technologies has raised $2.5 million in debt financing from Bridge Bank and Gold Hill Capital. Boston Technologies provides trading technology and software for institutional and retail brokerage firms trading in foreign exchange and other over-the-counter instruments.
CincyTech said it raised $4.4 million for its second fund. CincyTech Fund II received $2.4 million from Southwest Ohio partners and another $2 million from Ohio Third Frontier. Fund II will invest in companies focused on information technology, bioscience and advanced manufacturing that are based in or willing to move to Southwest Ohio.
Proton Media has closed $4.5 billion in series B venture financing led by Kaplan Ventures. Landsdale, Pa.-based Proton Media provides a social collaboration platform.
CryoXtract has closed a $3 million round of funding led by Allied Minds. Arlington, Va.-based CryoXtract develops laboratory automation services for the biobanking community.