NEW YORK – On the heels of the appointment of Michael McKeever as head of Lehman Brothers new private equity division, the investment bank recently hired Kevin Newman as managing director and head of marketing for private equity and launched a new private equity fund. Newman comes to Lehman after six years with the Trust […]
SARATOGA, Calif. – Seeking to capitalize on the current tide of venture capital enthusiasm, Redleaf Group LLC has secured commitments of as much as $150 million to launch its variation of an incubator for seed stage business-to-business e-commerce companies. “After reflecting on early-stage Internet entrepreneurs…we decided to switch to a model that helps companies build […]
LONDON – Recent explosive growth in Internet and e-commerce deals and the rapid pace of their evolution has prompted European venture capital firms to rethink their deal screening processes and investment approach, blurring the lines between competition and cooperation. As the search to find Europe’s best Internet companies intensifies, six of the region’s leading venture […]
GLASGOW, U.K. – The five executives who resigned from Royal Bank Development Capital (RBDC) last summer to form Penta Capital have begun formal marketing of their first independent fund. Steven Scott, Rod Begbie, Torquil Macnaughton, Mark Phillips and David Calder are shooting for GBP100 million ($164.1 million) or more to invest in later-stage mid-market deals […]
BALTIMORE – Anthem Capital plans to raise a second venture capital fund targeted between $50 million and $75 million, said General Partner Bill Gust. Anthem makes early-stage investments in companies in the Internet, software, telecommunications and life-science industries. The firm focuses on companies based in Baltimore and outlying regions. “We look at companies that, depending […]
REDMOND, Wash. – InfoSpace.com Inc., a provider of infrastructure services for Web sites, merchants and wireless devices, in January launched the InfoSpace.com Venture Capital Fund to back Internet start-ups. InfoSpace.com had invested in 10 companies and acquired another eight in the last six months, a wave of activity that prompted the company to launch its […]
DARIEN, Conn. – Internet.com Corp., the e-business and Internet technology network, in December opened news bureaus in Boston and Washington, D.C., to produce local daily coverage of the Internet and venture capital Internet investments. Each site delivers industry news, profiles, personnel changes and editorial content. Internet.com plans to establish similar sites in about eight locations […]
NEW YORK – Buyouts leader Clayton, Dubilier & Rice is heading to Silicon Valley. The firm is looking for office space in the tech-saturated cities of Menlo Park and Palo Alto, said Richard Schnall, a principal at the firm. Schnall will move to California to head the new office. In addition, Clayton Dubilier is looking […]
PASADENA, Calif. – Acacia Research Corp., a publicly traded financial services firm that invests in biotechnology and information technology recently formed Acacia Launchpad LLC, an Internet incubator. Concurrent with the formation of Launchpad, Acacia raised $10.5 million through the exercise of warrants to purchase 1.2 million shares of the company’s common stock. The warrants were […]
NEWARK, N.J. – Venture capitalists raked in an unprecedented sum last year, with preliminary fund-raising figures topping $38 billion at press time, according to Venture Economics Information Services, VCJ’s sister company. VEIS Managing Director Jesse Reyes projects that figure to be in the neighborhood of $42 billion to $43 billion once a final count is […]