Author Archives: Dan Primack
  • AdRoll raises $70 million as its expands 'retargeting' into mobile

    AdRoll has tripled its revenue run rate over the past 15 months, now at an IPO-able $150 million.

    FORTUNE -- Ad tech isn't sexy, but it still can generate a lot of venture capital dollars. Case in point is AdRoll, which this morning is announcing $70 million in new funding led by existing shareholder Foundation Capital.

    AdRoll is a San Francisco-based company founded in 2007 to focus on digital ad "retargeting," a MORE

    - Apr 21, 2014 7:26 AM ET
    Posted in: ,
  • Spectrum Equity Investors raising new fund

    Boston-based private equity firm plans to seek around $800 million for its seventh fund.

    FORTUNE -- Boston-based private equity firm Spectrum Equity Investors is heading back to market to raise its seventh fund, Fortune has learned. The target is $800 million with a $1 billion hard cap, although formal marketing documents have not yet been printed.

    The firm focuses on "information economy" companies, including within the software, information services, communications and media sectors.

    Spectrum last closed MORE

    - Apr 20, 2014 1:56 PM ET
  • Tucker Twitmyer leaves EnerTech Capital

    Energy-focused venture capitalist joins Franklin Square Capital.

    FORTUNE -- Tucker Twitmyer has left energy-focused venture capital firm EnerTech Capital Partners after a 10-year run, Fortune has learned. His next stop will be as a senior vice president with alternative investment management firm Franklin Square Capital Partners.

    Twitmyer was one of four partners listed on EnerTech's fourth fund, which closed last September with $120 million in capital commitments. He also was one of the few MORE

    - Apr 18, 2014 12:53 PM ET
  • VC investment hits 13-year high

    Venture capitalists invested $9.5 billion last quarter, the highest total since the dotcom doom's waning days.

    FORTUNE -- No, it isn't your imagination: Venture capitalists are investing money at a faster clip than in any time since the final days of the dotcom boom.

    VCs pumped $9.5 billion into 951 U.S.-based companies last quarter, which was the most money invested in any quarter since Q2 2001, according to MoneyTree survey data published MORE

    - Apr 18, 2014 12:28 PM ET
    Posted in:
  • Deals of the day: High-frequency trader delays IPO

    To get deals in your inbox each morning, sign up for our Term Sheet newsletter

    Venture Capital Deals

    Beckon, a San Mateo, Calif.-based provider of enterprise SaaS for tracking and analyzing marketing spend, has raised $8 million in Series A funding from August Capital and Canaan  Provista Diagnostics Inc., a Scottsdale, Ariz.-based maker of diagnostic and predictive tests for cancers affecting women, has raised $6 million in Series B funding. No investor information was disclosed. www.provistadx.comInstacart, a MORE

    - Apr 18, 2014 9:55 AM ET
  • REVEALED: Pando smears ex-Carlyle pro Bob Grady

    New Jersey investment boss Bob Grady gets attacked for no good reason.

    FORTUNE -- David Sirota of PandoDaily yesterday accused New Jersey State Investment Council chairman Bob Grady of corruption. Sirota didn't use that specific term, but that's the only conclusion one could reach after reading his 1,645 words worth of misdirection, misunderstanding and innuendo. Someone needs to set the record straight, and I don't have any better afternoon plans.

    Here's the background: New MORE

    - Apr 17, 2014 2:30 PM ET
  • Campaign Monitor's $250 million round was a long time coming

    Campaign Monitor raises $250 million from Insight Venture Partners, six years after the two sides first began discussions.

    FORTUNE -- Email marketing and design firm Campaign Monitor yesterday announced that it has raised $250 million in equity funding from Insight Venture Partners, for an undisclosed ownership stake. This deal has been a very long time coming.

    Insight first contacted Australia-based Campaign Monitor back in 2008, as the result of an internal program that cold-calls possible MORE

    - Apr 17, 2014 11:42 AM ET
  • Deals of the day: Chemtura sells seed treatment biz for $1 billion

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    Venture Capital Deals

    Campaign Monitor, a Sydney, Australia-based provider of email marketing and design solutions, has raised $250 million in its first round of outside funding. Insight Venture Partners committed the entire amount, but will syndicate a small piece going forward. No word on if the investments provides Insight with a control position.

    One Medical Group, a San Francisco-based operator of MORE

    - Apr 17, 2014 10:20 AM ET
  • Bain Capital raises $7.3 billion for new buyout fund

    Bain Capital already has begun investing from its eleventh fund.

    FORTUNE -- Bain Capital has closed its eleventh flagship private equity fund with $7.3 billion in capital commitments, according to a source close to the Boston-based firm. That figure is significantly higher than the $6 billion Bain sought when it began fundraising in the fall of 2012, and includes $800 million from the firm's partners (the most they have ever committed to MORE

    - Apr 17, 2014 7:30 AM ET
  • Exclusive: MHS Capital almost done raising new fund

    Early-stage VC firm closes in on $75 million.

    FORTUNE -- Early-stage venture capital firm MHS Capital is nearing a $75 million final close on its second fund, Fortune has learned.

    The San Francisco-based firm is led by Mark Sugarman, a longtime angel investor who previously held roles at Nutrisystem, VerticalNet and Internet Capital Group. It raised around $34 million for its first institutional fund, which had a gross asset value of nearly $128 million through MORE

    - Apr 16, 2014 2:00 PM ET
About This Author
Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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