All posts by BCV

TechCrunch

CareCloud raises $31.5 million in Series C for its cloud health care management platform

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CareCloud, the revenue management and health IT platform, announced it has raised $31.5 million in strategic Series C financing from The PNC Financial Services Group, Inc., First Data Corporation and Blue Cloud Ventures. Previous investors also participated in the round, including Norwest Venture Partners, Intel Capital, Tenaya Capital and Adams Street Partners. The company previously entered into a debt financing agreement with Wellington Financial to provide access to additional growth capital.

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Cityworks

Cityworks Announces New Investment Partners

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At the very end of 1995, I founded Azteca Systems—Cityworks and began articulating the concept and benefits of GIS-centric software for public asset management. Through good fortune, several ‘angel investors’ believed in me and Cityworks and were critical to Cityworks becoming the major system that it is today. Because of changes in life’s circumstances, several of my long-time investment partners have expressed a desire to diversify their investment portfolios. Respecting their wishes, I began a multi-year search to find new partners who believe in me, my staff, Cityworks, and the GIS-centric approach. In Polaris Partners and Blue Cloud Ventures I have found such partners who have a long-term vision and value the importance of Cityworks and GIS-centric in the public asset management market space.

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ION Enters Definitive Agreement to Acquire Reval

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Reval, a global provider of cloud-based solutions for treasury and risk management, announced today that it has entered into a definitive agreement to be acquired by ION Investment Group. Andrea Pignataro, ION’s CEO and Founder, said, “The acquisition of Reval substantially increases our footprint in treasury cloud services and enriches our product portfolio with leading functionality in risk and hedge accounting. We will also be able to leverage Reval’s strong Sales, Marketing and Customer Success teams across the product portfolio under Jiro’s leadership.”

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TechCrunch

Symphony Commerce raises $11 million to help brands offer faster shipping

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Symphony Commerce, a provider of cloud technology for e-commerce platforms, is raising $11 million to grow its fulfillment business. Charles River Ventures, Blue Cloud Ventures, Bain Capital Ventures and FirstMark Capital invested in the round. Symphony, which helps companies like Gatorade and Hershey’s manage their web business, is doubling down on its logistics services, by helping these brands enable faster shipping. With order management tools and a network of warehouses, Symphony says its offerings will make it easier for large companies to provide two-day shipping or even same-hour delivery in major metropolitan areas.

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Fortune

Intel Capital Leads $20 Million Investment in Lightbend

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Intel Capital may be selling off stakes in some portfolio companies, but it’s also leading a new $20 million Series C round in Lightbend, the company backing the Scala programming language. This brings funding to date to $42 million. Also participating in this round is new investor Blue Cloud Ventures and current backers Bain Capital Ventures, Polytech Ecosystem Ventures, and Shasta Ventures.

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National Mortgage News

LoanLogics Successfully Completes New Round of $10 Million in Equity Funding with Existing Investors and Blue Cloud Ventures

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LoanLogics has raised $10 million in new capital that the mortgage software vendor plans to use to support its growth. The funding round was led by Blue Cloud Ventures, a New York-based growth and late-stage co-investment fund that invests in cloud enterprise software companies, with existing investor Volition Capital, a growth equity firm in Boston that invests in technology companies as one of the participants.

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Fortune

NYC Adtech Startup Tapad Sells For $360 Million

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Tapad, a New York City-based advertising technology startup, has sold for $360 million to Telenor Group, a Nordic telecommunications company. Founded in 2010 by Are Traasdahl, Tapad had raised $34 million in venture funding. The company’s software helps advertisers to identify audiences across various platforms, from television to desktop computers to mobile phones. Tapad is projected to bring in $100 million in revenue this year. It is not yet profitable.

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Venture Beat

Juniper Acquires Networking Company BTI Systems

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Juniper Networks, a major player in the world of data center networking hardware, announced today that it has acquired BTI Systems, a company with hardware and software-defined networking (SDN) tools. Terms of the deal weren’t disclosed. BTI specializes in cloud and metro networking — specifically to move content to and from multiple data centers within a close geographical area, such as a city.

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Inc.

20 Young Entrepreneurs You Need to Know in 2016

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You don’t need decades of experience to launch a company. In fact, Millennial entrepreneurs are making a huge impact in various industries, including tech, consumer finance, fashion, and retail. On Monday, Forbes published its fifth annual list of the most influential people under the age of 30, across 20 categories. The honorees were chosen by a star-studded panel of judges, including Jessica Alba and Tory Burch for retail and e-commerce, and Shonda Rhimes and Kelly Osbourne for Hollywood. Famed investor Chris Sacca was the judge for the venture capital category, where the investor-turned-founder Rami Rahal was one to make the cut.

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ScribbleLive Raises $35 Million in Expansion Round Funding

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ScribbleLive, a global leader in digital content marketing, is excited to announce the closing of its expansion round of funding. The OpenText Enterprise Apps Fund (OTEAF) led the $35 million investment along with contributions from Emerillon Capital, Blue Cloud Ventures, Northleaf Venture Catalyst Fund, and a large U.S.-based asset manager, along with participation from all existing ScribbleLive venture investors including: Rogers Ventures, Summerhill Venture Partners, Georgian Partners, Export Development Corp. (EDC) of Canada and Waterloo Innovation Fund.

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