TPG Telecom (ASX: TPM) has made a bid for cloud computing and IT services provider IntraPower (ASX: IPX) via an off-market takeover offer of $0.30 cash or $0.15 cash and 0.089 TPG shares per IntraPower share.
Wilson HTM Investment Group (ASX: WIG) is to migrate its complete IT infrastructure and application delivery to IntraPower's (ASX: IPX) cloud computing platform, Business On-Demand, under a five year agreement worth $16m.
Grotech Ventures, the Virginia-based VC firm behind LivingSocial, HelloWallet and others; is announcing the raise of its eighth fund, Grotech Ventures II (“GV II”), with $225 million in committed capital. The firm says the fund was oversubscribed by more than 10 percent, and was raised from both existing and new limited partners.
With the SEC’s new rules allowing startups and venture funds to raise capital publicly, a wave of firms and companies is starting to experiment with the new regulations. Now we’re seeing one of the very first institutional venture capital firms come forward to publicly market its new fund.
ff Venture Capital is publicly fundraising for its third fund, following its second $27 million o
Joshua Kushner’s Thrive Capital just became yet another of several upstart venture firms that have been able to raise progressively larger funds this year.
The New York-based fund just quickly closed an oversubscribed $150 million fund in ten weeks, on the back of a $40 million raise last fall.