Investor Growth Capital will no longer make new U.S. investments.
FORTUNE -- Sweden's Investor AB has pulled the plug on its U.S. venture capital and growth equity program, Fortune has learned.
The program in question is Investor Growth Capital, which has invested more than $3 billion into over 250 technology and healthcare companies since being founded in 1996. Most of that activity has been in the U.S., where its deals have include MOREDan Primack - Dec 12, 2013 1:49 PM ET
Why Snapchat just raised a lot less money, and at a lower price, than anyone had expected.
FORTUNE -- Two months ago, we reported that Snapchat was in talks to raise around $200 million in Series C funding at a $4 billion valuation, most likely to be led by a large strategic investor like China's Tencent. Then came word yesterday that it had raised $50 million from U.S.-based tech investment manager MOREDan Primack - Dec 12, 2013 11:59 AM ET
Snapchat raises $50 million in Series C funding.
FORTUNE -- Snapchat today confirmed that it has raised $50 million in new venture capital funding, via an SEC filing.
It is the Venice, Calif.-based company's "Series C" round, and brings its total venture capital haul to over $120 million. No information was disclosed about new investors or valuation. Research firm VCExperts had recently unearthed some state regulatory documents that authorized up MOREDan Primack - Dec 11, 2013 2:18 PM ET
Groupon goes medieval on Amazon.
FORTUNE -- Groupon has seen all the buzz about Amazon's (AMZN) drones, and has decided to reach back to a slightly-older technology: Catapults.
In a video posted today on its YouTube channel, Groupon (GRPN) chided its e-commerce rival by facetiously promising to look forward by looking back. "We're talking about about principles of package delivery that have been around since the time of King Arthur," says someone Groupon identifies as MOREDan Primack - Dec 11, 2013 12:55 PM ET
Investcorp Technology Partners slims down.
FORTUNE -- Andrew Flett has left Investcorp Technology Partners after 15 years with the private equity firm, Fortune has learned.
Fellow principals Glenn Luk and Abhishek Sud also appear to have departed, judging by their recent disappearance from the firm's website.
Flett originally joined Investcorp's New York office in 1998, and sat on the boards of portfolio companies FleetMatics (FLTX), Magnum Semiconductor, T3Media and Wells-CTI. No word yet on his MOREDan Primack - Dec 11, 2013 12:10 PM ET
American Infrastructure MLP Fund busts through its target.
FORTUNE -- American Infrastructure MLP Fund has closed its second investment fund with $800 million in capital commitments, Fortune has learned. The Foster City, Calif.-based firm originally targeted $750 million, and now manages over $1.5 billion in total capital (including co-investment opportunities afforded LPs).
The Foster City, Calif.-based firm was founded in 2006 by Bob Hellman, who previously was with McCown De Leeuw & Co. MOREDan Primack - Dec 9, 2013 4:05 PM ET
London private equity investor Alex King leaving HgCapital.
FORTUNE -- Alex King has resigned as a partner with European private equity firm HgCapital, Fortune has learned. He had joined the London-based firm eight years ago, and served as head of its tech, media and telecom investment team.
His deals with HgCapital have included Iris Software Group, NetNames, Computer Software Holdings, TeamSystem, Manx Telecom and Epyx.
Prior to joining HgCapital in May 2005, he spent MOREDan Primack - Dec 9, 2013 2:57 PM ET
Verizon bulks up its content delivery business with Edgecast purchase.
FORTUNE -- Verizon (VZ) this morning announced an agreement to purchase EdgeCast, a Santa Monica, Calif.–based provider of content delivery networks for such clients as Twitter (TWTR) and Hulu.
No financial terms were disclosed, but Fortune has learned that the purchase price is around $390 million. This apparently includes some cash that Edgecast still hasn't spent from a $54 million funding round that MOREDan Primack - Dec 9, 2013 12:46 PM ET
Clinkle still wants to kill Square. But first it needs to get its own house in order.
FORTUNE -- Clinkle, a stealthy mobile payment startup that recently raised the largest seed financing round in history, today has completed an internal reorganization. Or, in other words, layoffs.
Fortune has learned that the San Francisco-based company has issued pink slips to 16 employees, or just around 25% of its staff. No word yet on MOREDan Primack - Dec 9, 2013 12:37 PM ET
It has been nearly one year since Cerberus pledged to sell Freedom Group, in the aftermath of the Newtown killings. So why does it still own America's largest gun maker?
FORTUNE -- It has been nearly one year since the Sandy Hook massacre, which also means it's been nearly a year since private equity firm Cerberus Capital Management pledged to sell Freedom Group, a firearms and ammo company whose products include the Bushmaster MOREDan Primack - Dec 9, 2013 12:08 PM ET
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