Apax Partners LLP announced today that a subsidiary of funds advised by Apax has completed the sale of its remaining shares of the parent company of Garda World Security Corporation , one of the world's largest privately owned security and cash services providers. The stake has been acquired by Stephan Cretier, Founder, Chairman and Chief Executive Officer of GardaWorld, along with certain members of management and an entity held by investment funds affiliated with Rhone Capital.
New York City-based mortgage startup Spruce has raised $4.5 million in Series A funding, according to a source familiar with the company. Bessemer Venture Partners led the round with participation from other investors that included Omidyar Network, Third Prime Capital, Collaborative Fund and Notation Capital.
Title insurance startup Spruce raised $4.5 million in a Series A funding round from Bessemer Venture Partners, Omidyar Network, Third Prime Capital and other investors. The company, founded by finance entrepreneurs Patrick Burns and Andrew Weisgall, claims to offer cheaper and faster title insurance by using new technology to research and process contracts.
Businesses usually spend lots of time and money trying of attract potential customers. Now a startup called Riley aims to help them prioritize those sales leads.
Often entrepreneurs entering the startup arena are exposed to a completely new business vernacular. Unless these brave souls peddling their new ideas have a background in finance, they find themselves lost in conversations with people throwing around terms like angel investor , crowdfunding , seed funding, VC -- and the list continues to grow daily.
It's too late to invest in Airbnb Inc. but a company that bills itself as the Airbnb of cloud computer storage is raising cash -- and anyone with an Internet connection can get in on the action. Storj Labs Inc. is selling digital coins at 50 cents apiece to raise $30 million in an early stage financing round.
BuzzFeed needs the cash, and Facebook needs content it can call its own. And TV networks, large and small, may have to brace for even more competition from the world's largest social media platform.
Quantum Capital Management bought a new stake in First Solar, Inc. during the first quarter, according to its most recent filing with the SEC. The fund bought 7,459 shares of the solar cell manufacturer's stock, valued at approximately $202,000.
May 25 The Middle Market Growth Program , a joint venture between middle market lender Antares Capital and LStar Capital, the credit affiliate of private equity firm Lone Star Funds, is breaking up. Antares spokesperson Carol Ann Wharton confirmed that Lone Star has exited the partnership, but noted there will be no change for borrowers currently in the program.
Quantum Capital Management held its stake in Blackrock Taxable Municipal Bond Trust during the first quarter, Holdings Channel reports. The institutional investor owned 10,500 shares of the investment management company's stock at the end of the first quarter.