SINGAPORE – Schroder Ventures Asia Pacific Fund, the firm’s third fund targeting the region, notched a first close on $269 million in July and is expected to wrap sometime near the end of this year, said Chairman Anil Thadani, who oversees the unit that manages the fund. Commitments to the vehicle’s first close ranged from […]
SANTA BARBARA, Calif. – One year after launching a $25 million venture capital fund to invest in Internet start-up companies, Bertelsmann Ventures in July raised an additional $50 million from media company Bertelsmann AG, its sole limited partner. “We will look into taking more external partners when we raise additional funds,” said General Partner Jan […]
$125M For Fund II SWICKLEY, Pa. – Less than two years after raising its first vehicle, Adams Capital Management in August was on the fund raising trail again, seeking more than twice the amount of capital collected in its first effort. Adams Capital Management II has a target of $125 million and a cap of […]
NEW YORK – Newly formed Odeon Capital Partners added a limited partner and closed three more deals in late July and early August, bringing its portfolio to 11 companies. The firm welcomed BancBoston as another investor, and its $5 million commitment in mid-July brought the vehicle’s total to $115 million. Other limiteds include Wolfson Organization, […]
SAN RAFAEL, Calif. – Sensing a ripe opportunity in the potentially $90 billion home design industry, GoodHome.com’s financial backers have invested $50 million in the company’s first round of financing. GoodHome.com was incubated earlier this year by The Learning Co., a division of Mattel Inc. In June, the company recruited Hearst New Media & Technology, […]
SAN FRANCISCO – Petopia.com is the latest Internet-based retailer of pet products to receive venture capital backing, raising $66 million in July for its second round of financing. Since March, venture firms have invested more than $125 million in the pet niche. Corporate investor PETCO Animal Supplies Inc. of San Diego led the Series B […]
OAKLAND, Calif. – Less than two months after the early June launch of its Web site, Internet grocer Webvan Group Inc. raised $275 million by selling a 6.48% stake of its business to three institutional investors – a deal that placed the value of the company at more than $4 billion. Webvan founder and Chief […]
SAN DIEGO – Less than 18 months after joining Forward Ventures as a senior associate, Han Chiu was named a venture partner at the life sciences and health care-focused firm. Chiu, a former executive at Schering-Plough Corp. and Novartis Pharma AG, joined the firm in March 1998 as a senior associate and rapidly gained the […]
PITTSBURGH – In a move that signals a victory for advocates of increased specialization, PNC Capital Markets has split its private placement group into a pair of distinct operating teams. The first group, directed by Larry Deihle, will be involved in mezzanine debt and private equity, while the second squad, headed by Bill Weil, will […]
BOSTON – Art Technology Group Inc., a developer of customer relations management and electronic commerce software products, completed an initial public offering July 20. The company sold 5 million shares of common stock at $12 each, the top of its $10 to $12 offering range. Underwriters included Hambrecht & Quist, U.S. Bancorp Piper Jaffray, Thomas […]