Upworthy, the video social media site, had received USD8 million for its Series A funding round. Eighteen months since its launch, social media site Upworthy announced the receipt of USD8 million as equity investment for the company, The investors were led by Spark Capital, Cantamount Ventures, Uprising and the Knight Foundation.
Institutional investors
Element Partners invests in Hayward Gordon
An investment was recently completed by Element Partners, an industrial technology focused equity fund, in Hayward Gordon, an industrial manufacturer of fluid handling systems.
Essent Group files for IPO
Soros and Golmand Sachs-backed Essent Group Ltd. filed for an initial public offering yesterday valued USD287.5 million.
Ex-JPMorgan traders charged over USD6.2 billion trading losses
Javier Martin-Artajo and Julien Grout along with other unnamed co-conspirators were indicted of five criminal counts for allegedly hiding trading losses valued USD6.2 billion.
Blackstone seeks IPOs after hotel sales accelerate
Blackstone Group LP decided to sell its shares in hotel chains following the increased sales of hotel properties in the US this year.
Latest News
An endowment fund was established for the Eric B. Chandler Health Center through the assistance of the Robert Wood Johnson Foundation and the New Jersey Health Foundation.
Blue Victory Holdings Inc extend a USD 1 million credit facility to American Restaurant Concepts. American Restaurant Concepts Inc announced it was able to close a credit facility worth USD 1 million from Blue Victory Holdings Inc.
Ontario Teachers Pension Plan and Hastings Funds Management refinanced their existing loan worth AUD 1.646 billion or USD 1.54 billion.
Private equity backed Novacap bought a controlling share in China-based Taixing Yangzi Pharm Chemical.
Violin Memory, through the backing of Toshiba, would be doing an IPO of 18 million shares with an expected value of USD180 million.
TorQuest announced the closing of its third fund with USD 535 million. Canadian private equity firm TorQuest announced that it was able to raise USD 535 million for its third fund.
IMDS, the leading company in the manufacture of orthopaedic implants and instruments, recently was acquired by Golden Equity Investments.
Masharie, a subsidiary firm of Dubai Investments, sold its stake in Anchor Allied Factory to Alkhabeer Capital.
In its latest funding round, Okta raised USD27 million from investors headed by Sequoia Capital. In an announcement, Okta said it had completed a Series D funding round where it raised a total of USD27 million.
