Featured

RHC Pipeline Report Disclaimer

Red Hook Capital (RHC) provides a weekly report of deals that RHC finds of interest through “RHC Pipeline Report.” Below is a disclaimer,  an advisory, and a note for this report.

DISCLAIMER: Information is provided by 3rd party sources such as AP, Bloomberg, Forbes, Fortune, PR Wire, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources and is not verified.

ADVISORY:  Please visit the company or investor’s website when sourcing news information.  RHC Pipeline Report information is collected via a 3rd party and is not verified.  Third parties sources and even a company press release may or may not provide the correct information.

NOTE:  Please visit the source such as the investors or company website.  In many cases, a link to the company website is provided as most information is provided by a 3rd party on this website.

 

RHC Pipeline Report v19.20

RHC REPORT HIGHLIGHT

SAN FRANCISCO & FORT WORTH, Texas–(BUSINESS WIRE)–May 6, 2019–TPG, a leading global alternative assets firm, announced today the closing of TPG Tech Adjacencies (TTAD), a new investment vehicle focused on capital solutions for the technology industry. TTAD aims to provide flexible capital for founders, employees, and early investors looking for liquidity, as well as primary structured equity solutions for companies looking for additional, creative capital for growth. The fund reached $1.6 billion in capital commitments, surpassing its hard cap of $1.5 billion. TTAD is led by David Trujillo, Managing Partner and Partner, Internet, Digital Media & Communications (IDMC), and Nehal Raj, Partner, Software & Enterprise Technology.

Read More: https://www.apnews.com/Business%20Wire/0a7185e76e434c7693d2bfed2d221016

RHC PIPELINE REPORT

  • U.S. Venture Partners, a Menlo Park, CA-based venture capital firm, raised $292.6m for its latest fund
  • Global venture capital firm Accel closed its sixth fund to be invested in early-stage companies across Europe and Israel, at $575m
  • Hull Street Energy, LLC, a Bethesda, Maryland-based private equity firm, closed Hull Street Energy Partners I, L.P., including parallel funds and co-investment vehicles, at over $500m
  • Spur Energy Partners and global investment firm KKR have formed a partnership to acquire large, high-margin oil and gas production and development assets across the Lower 48
  • Sapphire Ventures, a Palo Alto, CA-based venture capital firm, is to raise a new opportunity fund
  • Greenspring Associates, a venture capital investment platform, led a recapitalization of Altos Ventures IV, LP., a 2008 vintage fund
  • LeapFrog Investments has closed a dedicated impact fund manager, at $700m
  • Fuel Capital, a Burlingame, CA-based early-stage venture capital firm, closed its third fund, at $75M
  • Universal Display Corporation (Nasdaq: OLED), a provider of technology and materials that enable energy-efficient displays and lighting, launched its corporate venture arm
  • Philippines-based Kickstart Ventures, Inc., a wholly-owned subsidiary of Globe Telecom, was selected by Ayala Corporation (AC) to manage its new US$150m venture capital fund
  • Gainline Capital Partners LP, a Stamford, CT-based private equity firm that invests in U.S.-based lower middle-market companies, closed its $155m debut fund
  • TPG, a global alternative assets firm, closed TPG Tech Adjacencies (TTAD), a new investment vehicle focused on capital solutions for the technology industry

 

RHC Pipeline Report v19.19

RHC REPORT HIGHLIGHT

BOSTON–(BUSINESS WIRE)–TA Associates, a leading global growth private equity firm, today announced the first and final closing of TA XIII with total commitments at its hard cap of $8.5 billion. Launched in the first quarter of 2019, TA XIII was oversubscribed and exceeded its original $7.5 billion target.

Read More: https://www.businesswire.com/news/home/20190507005356/en/TA-Associates-Closes-Thirteenth-Flagship-Private-Equity

RHC PIPELINE REPORT

  • MIT Solve, a Cambridge, Mass.-based initiative of the Massachusetts Institute of Technology that advances lasting solutions from tech entrepreneurs to address the world’s most pressing problems, has launched a philanthropic venture fund
  • Fuel Capital, a Burlingame, CA-based early-stage venture capital firm, closed its third fund, at $75M
  • Universal Display Corporation (Nasdaq: OLED), a provider of technology and materials that enable energy-efficient displays and lighting, launched its corporate venture arm
  • Philippines-based Kickstart Ventures, Inc., a wholly-owned subsidiary of Globe Telecom, was selected by Ayala Corporation (AC) to manage its new US$150m venture capital fund
  • Gainline Capital Partners LP, a Stamford, CT-based private equity firm that invests in U.S.-based lower middle-market companies, closed its $155m debut fund
  • Antler, a global startup generator and early-stage venture capital firm, opened East African offices in Ethiopia and Kenya as part of its global expansion
  • Radical Ventures, a Toronto, Canada-based venture capital firm investing in entrepreneurs applying deep tech to transform massive industries, launched a new USD $350m fund focused primarily on artificial intelligence
  • The Ecosystem Integrity Fund (EIF), a San Fraancisco, CA-based sustainability-focused early growth stage investment firm, closed its third fund, at $100m
  • Pegasus Tech Ventures, a San Francisco, CA-based global venture capital firm, is launching officially
  • Seattle, WA-based early-stage technology venture capital firm Madrona Venture Group closed its first Acceleration Fund, at $100m
  • Toyota AI Ventures, a Los Altos, CA-based venture capital firm subsidiary of Toyota Research Institute, launched new $100m fund
  • Harrison Street, an alternative real asset investment firm dedicated to the Education, Healthcare and Storage sectors, closed its second European closed-end fund, Harrison Street European Property Partners II, L.P., at €500m
  • Venture capital firm Andreessen Horowitz has closed two funds totalling $2.750 billion
  • TPG, a global alternative assets firm, closed TPG Tech Adjacencies (TTAD), a new investment vehicle focused on capital solutions for the technology industry
  • TA Associates, a global growth private equity firm, closed its thirteenth private equity fund, at $8.5 billion

DISCLAIMER: This is a beta blog and all deal information is provided by AP, Bloomberg, Forbes, Fortune, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources. Please check with the company website for a press release. We do not update our posting or check the source of the news.

RHC Pipeline Report v19.18

RHC REPORT HIGHLIGHT

Andreessen Horowitz, a firm that in just a decade become one of the powerhouses of venture capital, said on Wednesday it had raised another $2.75 billion.

The bulk of the cash, $2 billion, will go toward a new late-stage fund, led by general partner David George. He joined Andreessen Horowitz earlier this year from venture firm General Atlantic.

Read More:

https://www.bloomberg.com/news/articles/2019-05-01/andreessen-horowitz-raises-2-75-billion-for-two-new-funds

https://www.businessinsider.com/andreessen-horowitz-launches-2-billion-late-stage-fund-2019-5

RHC PIPELINE REPORT

  • Union Square Ventures, a New York City-based venture capital firm, raised two new funds totalling $450m
  • Harrison Street, an alternative real asset investment firm dedicated to the Education, Healthcare and Storage sectors, closed its second European closed-end fund, Harrison Street European Property Partners II, L.P., at €500m
  • Motus Ventures, a Redwood City, CA-based seed stage venture capital fund and business accelerator investing in early stage businesses, launched the $30m Motus Smart World Innovation Fund
  • Pangaea Ventures, a Vancouver, BC venture capital firm, closed its fourth advanced-materials fund, at approx. $70m
  • Pegasus Tech Ventures, a San Francisco, CA-based global venture capital firm, is launching officially
  • Seattle, WA-based early-stage technology venture capital firm Madrona Venture Group closed its first Acceleration Fund, at $100m
  • Toyota AI Ventures, a Los Altos, CA-based venture capital firm subsidiary of Toyota Research Institute, launched new $100m fund
  • Math Venture Partners, a Chicago, IL-based early stage venture capital firm, closed a new fund, at $46m
  • Palo Alto, CA- and London, UK-based AV8 Ventures has raised a €150m (approx. $170m) debut early-stage venture capital fund
  • Liquid 2 Ventures, a San Francisco, CA-based early stage venture capital firm, held a $37.67m close of its second fund
  • Five Elms Capital, a Kansas City, Mo.-based investor in founder-owned software businesses, held the first and final close of its fourth fund, at more than $300m
  • Venture capital firm Andreessen Horowitz has closed two funds totalling $2.750 billion

DISCLAIMER: This is a beta blog and all deal information is provided by AP, Bloomberg, Forbes, Fortune, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources. Please check with the company website for a press release. We do not update our posting or check the source of the news.

RHC Pipeline Report v19.17

RHC REPORT HIGHLIGHT

Palo Alto, CA- and London, UK-based AV8 Ventures has raised a €150m (approx. $170m) debut early-stage venture capital fund.

Solely backed by Allianz Group, one of the world’s leading insurers and asset managers with more than 92 million retail and corporate customers, the fund will invest in seed and Series A startups in the U.S. and Europe focused on the “machine-enabled future.”

Read More: https://techcrunch.com/2019/04/23/av8-ventures-raises-170m-to-invest-in-digital-health-mobility-and-enterprise-tech/

RHC PIPELINE REPORT

  • Variant Equity acquired Coach USA, a Paramus, N.J.-based provider of passenger transportation and mobility services, from Stagecoach Group plc for about $271.4 million.
  • EMV Capital acquired a controlling stake in Vortex Biosciences, a Palo Alto, Calif.-based provider of liquid biopsy of circulating tumor cells. Financial terms weren’t disclosed.
  • LLR Partners made an investment in Magaya Corporation, a Miami-based provider of warehouse, cargo, and supply chain management software solutions. Financial terms weren’t disclosed.
  • Telestream, backed by Genstar Capital, merged with Tektronix Video, video testing and monitoring for broadcast and digital media markets co-owned by Fortive. Financial terms weren’t disclosed.
  • BV Investment Partners invested in Franco Signor, a Bradenton, Fla.-based provider of Medicare Secondary Payer (MSP) compliance solutions to insurers. Financial terms weren’t disclosed.
  • LLR Partners today invested in Magaya Corporation, a Miami-based provider of warehouse, cargo, and supply chain management software solutions. Financial terms weren’t disclosed.
  • MiddleGround Capital acquired Peterson Spring, a Southfield, Mich.-based specialty spring manufacturer. Financial terms weren’t disclosed.
  • Gridiron Capital made an investment in Remington Products, a Wadsworth, Ohio-based provider of branded and private label orthotic solutions. Financial terms weren’t disclosed.
  • Enlightenment Capital acquired Trowbridge & Trowbridge, a McLean, Va.-based provider of IT solutions to defense, intelligence, and civilian government agencies. Financial terms weren’t disclosed.
  • GenServe LLC, a portfolio company of GenNx360 Capital Partners, acquired Power Performance Industries, a Yonkers, N.Y.-based provider of maintenance and repair services to industrial generators and backup power solutions. Financial terms weren’t disclosed.
  • Apollo Global Management will acquire Smart & Final Stores Inc (NYSE:SFS) for approximately $1.1 billion, including debt.

DISCLAIMER: All deal information is provided by 3rd party sources such as AP, Bloomberg, Forbes, Fortune, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), etc. Please check with the company website for a press release. We do not update our posting or check the source of the news.

RHC Pipeline Report v19.16

RHC PIPELINE HIGHLIGHT

Coupa Software (NASDAQ: COUP), a San Mateo, CA-based business spend management (BSM) company, is to acquire Exari, a provider of contract lifecycle management

Press Release: https://www.coupa.com/newsworthy/press-releases/coupa-announces-intent-to-acquire-contract-lifecycle-management-leader-exari/

(Coupa Software – SEA Link)

RHC PIPELINE REPORT

  • Apollo Global Management will acquire Smart & Final Stores Inc (NYSE:SFS) for approximately $1.1 billion, including debt.
  • Gen.Ga Playa Vista, Calif.-based esports organization, raised $46 million in funding. Investors include Will Smith, Los Angeles Clippers minority owner Dennis Wong, New Enterprise Associates, Conductive Ventures, Battery Ventures, Canaan Partners, SVB Capital and Stanford University.
  • Maya Kaimal, a Rhinebeck, New York-based Indian-inspired food brand, received an investment from North Castle Partners
  • Pink Lily, a Bowling Green, Ky.-based online fashion retailer, received a minority investment from private equity investors
  • CloudBees, a San Francisco, CA-based enterprise DevOps company, acquired Electric Cloud, a market leader in continuous delivery and application release automation
  • Xoriant Corporation, a Sunnivale, California-based product engineering, software development, and technology services company, acquired CloudIO, an enterprise-grade solution provider in the areas of IoT, supplier collaboration, and financial statement analysis.
  • Variant Equity acquired Coach USA, a Paramus, N.J.-based provider of passenger transportation and mobility services, from Stagecoach Group plc for about $271.4 million.
  •  H.I.G. Capital made an investment in Medusind Solutions, a provider of revenue cycle management solutions. Financial terms weren’t disclosed.
  • GED Capital made an investment in Aircraft Interior Refurbishment España, a Spain-based specializes in the maintenance, repair and overhaul of aircraft cabin interiors. Financial terms weren’t disclosed.
  • Polaris Growth Fund made an investment in Emergency Reporting, a Bellingham, Wash.-based provider of reporting and records management software for fire and EMS agencies. Financial terms weren’t disclosed.
  • Stifel Financial Corp. (NYSE: SF) agreed to acquire Mooreland Partners, an independent M&A and private capital advisory firm. Financial terms weren’t disclosed.

KEYWORDS:  Apollo Global, Smart & Final Stores Inc, (NYSE:SFS), New Enterprise Associates, NEA, Gen.G, Stagecoach Group plc, Variant Equity, Coach USA, Aircraft Interior Refurbishment Espana, GED Capital, Mooreland Partners, Polaris Growth Fund

DISCLAIMER: This is a beta blog and all deal information is provided by AP, Bloomberg, Forbes, Fortune, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources. Please check with the company website or venture capital firm for a press release as this is a beta blog that does not update information.

RHC Pipeline Report v19.15

RHC Pipeline Highlight

Simudyne, a London-based simulation technology company, raised $6 million in Series A funding. Barclays led the round, and was joined by investors including Graphene Ventures and Gauss Ventures.

Read More: https://www.finextra.com/newsarticle/33651/barclays-invests-in-simulation-tech-outfit-simudyne

(Barclays – SEA Link)

RHC Pipeline Report (5+ deals profiled)

  • Klook, a travel activities and services booking platform, raised $225 million in Series D+ funding. The SoftBank Vision Fund led the round, and was joined by investors including Sequoia China, Matrix Partners, TCV, and OurCrowd. (SoftBank Vision Fund)
  • Ampere Computing, a Santa Clara, Calif.-based computer hardware manufacturer, raised funding of an undisclosed amount.The Carlyle Group led the round, and was joined by investors including Arm, a subsidiary of SoftBank Group. (Carlyle & SoftBank – RHC Link)
  • Expanse, a San Francisco-based internet information technology operations management platform, raised $70 million in Series C funding. TPG Growth led the round. (TPG – RHC link)
  • Tibit Communications Inc, a Petaluma, Calif.-based developer of access devices for passive optical networking, raised $20 million in Series B funding. Intel Capital led the round (Intel – SEA Link)
  • Labelbox, a collaborative training data platform for machine learning applications, raised $10 million in Series A funding. Gradient Ventures led the round, and was joined by investors including Kleiner Perkins, First Round Capital, and Sumon Sadhu. (Kleiner & First Round – SEA Link)
  • Strive Health, a Denver, Colo.-based kidney care company, raised funding of an undisclosed amount. New Enterprise Associates led the round, and was joined by investors including Ascension Ventures, Town Hall Ventures and Echo Health Ventures. (NEA – SEA Link)
  • Armis, a Palo Alto, Calif.-based enterprise IoT security company, raised $65 million in Series C funding. Sequoia Capital led the round, and was joined by investors including Insight Venture Partners, Intermountain Ventures, Bain Capital Ventures, Red Dot Capital Partners and Tenaya Capital. (Bain – SEA Link)

DISCLAIMER: Information is provided by 3rd party sources such as AP, Bloomberg, Forbes, Fortune, PR Wire, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources and is not verified.

Investor Network Destinations closes seed round

April 15, 2019

Investor Network Destinations (IND), a Beverly Hills-based entertainment and education company providing service to high-net-worth individual (HNWI) and single family offices (SFO), opened a Special Purpose Entity (SPE) to raise seed capital and closed a seed round via convertible debt with founders of companies for an undisclosed amount.

Red Hook Capital’s friends and family invest in Special Purpose Entity to fund the creation of “Investor Network Destinations” through a Special Purpose Entity (SPE).

Three CEOs/Founder of technology companies lead the round into the SPE.

Ross Cooper, founder and former CEO of Verimatrix Inc., says “He looks forward to the development of IND’s yacht and luxury car program. IND’s Parade of Light party on a Mega Yacht in San Diego was one of the best parties of the year.”

Omar Bakr, founder, and CEO of Tarana Wireless says “JD Morris connects the right people together at the right time. Investor Network has a wide range of contacts from IPO CFOs to successful founders of companies.”

Investor Network Destinations is a spin-off of “Investor Network by JD” that has been providing networking and educational events for more than 20 years. With thousands of subscribers that invested in hundreds of deals provided by Investor Network by JD (IN) and its partners. ” Investor Network Destination will focus on people with more than $500,000 dollar to invest in alternative assets by providing amazing educational events at great destinations,” says JD Morris, founder of Investor Network and ACG.

END

Contact Details: Victoria at VB@RedHookCapital.co

 

RHC PIPELINE REPORT v19.14

RHC PIPELINE REPORT HIGHLIGHT

Wellspring Capital Management LLC, a New York-based private equity firm, closed the acquisition of Lucky Strike Entertainment, LLC, a Sherman Oaks, California-based operator of upscale entertainment venues

Press Release APNews:

https://www.apnews.com/Business%20Wire/67c391770d4b4ce39e9084c0a1e73464

RHC PIPELINE (15 plus deals profiled)

  • SingleOps, an Atlanta, GA-based all-in-one business management software for outdoor service industries, raised $1.6m in Series A financing

  • AppOmni, a San Francisco, CA-based startup that aims to solve the cloud data leak visibility and security problem for enterprises that use SaaS applications to run their businesses, launched out of stealth and $3m in seed funding

  • Inanovate, Inc., a Raleigh, N.C., and Sioux Falls, South Dakota-based life science company specializing in the development of blood tests for cancer and autoimmune diseases, secured an initial closing of $3.1m on a Series C financing round

  • Teridion, a San Francisco, CA-based company delivering a public cloud-based WAN service backed by a carrier-grade SLA, closed a $9m financing round

Continue reading “RHC PIPELINE REPORT v19.14”

RHC Pipeline Report v19.03.28

rhc PIPELINE HIGHLIGHT

Proxy, a startup that provides a universal identity signal, raised $13.6 million in Series A funding.  Kleiner Perkins led the round and was joined by investors including WeWork, Y Combinator, and Coatue Management.

Read More Via APnews:  https://www.apnews.com/Globe%20Newswire/e42158fc650970987993c7086600987f

RHC PIPELINE REPORT (15+ DEALS PROFILED)

  • Goodly, a San Francisco, CA-based platform for student loan assistance as an employee benefit, raised $1.3m in seed funding

  • Talkoot, a Portland, Oregon-based cloud content production platform for global brands, closed a $1.65m seed funding round

  • Preteckt, a Memphis, Tenn.-based provider of machine learning platform for automotive prognostics, raised $2m in seed funding

Continue reading “RHC Pipeline Report v19.03.28”

RHC Pipeline Report v19.02.28

rhc pipeline report highlight

Ascendant Studios, a San Rafael, CA-based game developer, launched and secured an initial funding round of undisclosed amount

Ascendant Studios press release:

https://www.gamasutra.com/view/pressreleases/337685/Ascendant_Studios_Launches_to_Create_Uncompromising_Groundbreaking_Game_Worlds_Secures_Initial_Funding_Round.php

rhc pipeline report (15+ deals profiled)

  • Aptean, an Alpharetta, GA-based provider of mission-critical, industry-specific enterprise software solutions, will receive a joint investment from TA Associates and Vista Equity Partners

  • Kindred, an organization that brings together communities of influential creators, platforms and purpose-driven brands to accelerate the next generation of social movements, raised $3m in venture capital funding

  • Aprea Therapeutics, a Boston, Massachusetts- and Stockholm, Sweden-based clinical-stage biotechnology company developing novel anticancer therapies targeting the p53 tumor suppressor protein, raised approx. €5m in Series C funding

  • Curv, a New York-based cryptography company securing the digital economy, raised $6.5m in seed funding

Continue reading “RHC Pipeline Report v19.02.28”