Los Angeles-based startup Ninja Metrics raised USD2.8 million today from Tech Coast Angels and Harvard Business School to launch its predictive analytics tool Katana Analytics Engine.
Institutional investors
Solicore announces closure of Series A funding round
Solicore announced the first closure of its preferred shares A1 financing round with the participation of both new and existing investors to raise USD4 million in funding.
Third Point's Loeb owns FedEx stock, bullish on Japan-CNBC
Activist investor Dan Loeb, founder of hedge fund Third Point LLC, said Tuesday that his investment firm owns shares of FedEx Corp and remains bullish on Japan.
Pacific Northern recapitalizes with the help of hedge fund firms
Barton Equity Partners and Tuckerman Capital extend financial assistance to Pacific Northern and its management in its dividend recapitalization undertaking for its expansion in the luxury market.
Graphite Capital sells off interest in Park Holidays UK to Caledonia Investments
Graphite Capital enters into an agreement with Caledonia Investments, an investment trust company, over the sale of Park Holidays UK for a value of GBP172 million.
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California-based cloud connect platform Arrayent recently raised USD11.9 million from Doll Capital Management, Intel Capital, and Opus Capital, to be used for its planned expansion and growth.
Network connectivity services provider Emulex Corporation announced a private offering of USD125 million Convertible Senior Notes due 2018. Net proceeds of the offering would be used to buyback Emulex's shares of stocks.
US-based custom apparel company CustomInk recently secured USD40 million in funding from Revolution Growth, to be used for the expansion of its facilities in Northern Virginia, Charlottesville, and Nevada.
JZ Capital Partners and Avenue Capital Group joined hands to form Toro Finance, a new investment vehicle that would focus on financing small and medium-sized companies based in Spain.
AssuredPartners, a portfolio firm of private equity firm GTCR, bought insurance firm Lee F. Murphy Inc. The deal was made through AssuredPartners of Minnesota but no financial terms were disclosed.
Hedge funds are now entering the municipal debt market, finding a veritable gold mine in value but may provide more problems in the long run as to the temporary nature of the investments.
Backdoor, the anonymous messaging app, founded by technology prodigy Daniel Singer, was able to gather USD 200,000 in seed funding from Brazil-based investment company Arpex Capital.
Emulex Corp announced that it would be holding a share buyback as activist shareholders called for reforms. Emulex Executive Chairman James McCluney will also step down from the company's board.
T-Mobile, a mobile service provider based in the US, had put up for sale its 66.15 million shares worth USD1.96 billion to improve its capacity for wireless data services.
