Andreessen Horowitz backs 3D CAD system Onshape

Andreessen Horowitz has led an $80 million funding round for Onshape, the latter announced in a blog post on its site. The other investors were New Enterprise Associates, Commonwealth Capital Ventures and North Bridge Venture Partners. Based in Cambridge, Massachusetts, Onshape is a full-cloud 3D CAD system.

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Andreessen Horowitz backs 3D CAD system Onshape

AdsNative picks up $8.5 mln Series A

AdsNative, a modern ad stack for publishers, has secured $8.5 million in Series A funding. The investors were Rakuten Ventures, Interwest Partners and Onset Ventures. PRESS RELEASE SAN FRANCISCO, CA (PRWEB) SEPTEMBER 24, 2015 Today AdsNative, the modern ad stack for savvy publishers, is pleased to announce that they closed a Series A funding round at $8.5 million. The round was led by Rakuten Ventures and Interwest Partners in addition to Onset Ventures. The new capital will support the launch of AdsNative Enterprise, a platform that integrates an open and flexible ad serving technology within the framework of a publisher’s existing content management system (CMS). Media companies have struggled to find all-in-one solutions that support non-standard advertising placements across digital channels and now are facing a new challenge of slow page/app load in addition to the rise of ad-blocking software. AdsNative Enterprise software allows publishers flexible native placements and optimization tools proven to drive revenue. The ‘server-side stitching’ technology included in the Enterprise software addresses slow page load times and ad-blocking, by inserting ads at the CMS level rather than making a separate call for ad delivery. “?Publishers are becoming multi-channel. They are no longer operating single destinations and .com sites. Their content is everywhere across many formats – smartphones, Apple Watch, Apple TV, Roku, Snapchat, Facebook Instant Articles, Apple News App and many more. They are questioning the future of ad serving as they transition to become content channels. ?We are excited to expand our state-of-the-art ad serving technology to support modern publishers so they can manage their revenue at scale without compromising quality for consumers in this journey,” stated Satish Polisetti and Dhawal Mujumdar, co-founders of AdsNative. AdNative Enterprise launches with media partners Disqus, Politico and We Heart It who reach a combined audience of over 1 billion per month. These digital publishers have found that managing multiple tag-based servers and fragmented revenue sources is much too time intensive to scale their business, however, building an entire in-house ad system is very expensive. AdsNative Enterprise allows publishers an all-in-one solution to solve these issues and allows them to focus on their business of creating great content. “AdsNative has been a fantastic partner to work with as we scale our advertising business. We saved over four months of development time, which was 80% of the projected timeline of creating an in-house advertising solution. AdsNative has robust native ad serving APIs which made it extremely simple for us to integrate them into our CMS, while ensuring a great ad experience for our users and the flexibility for future customization needs” — Sonja Erickson, VP of Operations at We Heart It AdsNative also plans to expand further into Asia and mobile with lead investor Rakuten Ventures. As of September 2015, they have already tripled revenue from 2014 and grown the team from 10 to 23 employees. “We started AdsNative with the belief that a great user experience can co-exist with effective monetization for publishers – these are not orthogonal. As we move from the desktop to mobile internet, AdsNative has developed technology that achieves the trifecta of great user experience, high publisher monetization and better advertiser ROI. We are excited by the vote of confidence from our customers and we welcome our new partners at Rakuten Ventures to help us scale.” – Keval Desai, Partner, Interwest Partners “We are very honored and happy to have the opportunity to work with AdsNative. As the ad industry consistently matures and migrates to more seamless integration with content, we believe that AdsNative touches one of the cores of where Ad Tech should be for publishers and advertisers in the next five years.” – SaeMin Ahn, Managing Partner, Rakuten Ventures About AdsNative AdsNative is the modern ad stack for savvy publishers. D? igital advertising has become cluttered with interruptive ad experiences delivered by outdated technology.? Our end-to-end monetization software allows publishers and developers to sell unique ad formats that flow seamlessly into content. AdsNative’s pioneering technology provides open & flexible APIs such as ‘server-side stitching’ which integrates ad-serving directly into a publisher’s CMS. We also streamline integration of tag/SDK based ad networks, and optimize revenue from direct and indirect revenue streams. ?Lastly, marketers can traffic content driven advertising across 1,000+ premium publishers through our programmatic exchange. Learn more at ?http://www.adsnative.com

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AdsNative picks up $8.5 mln Series A

Aspire Ventures to merge with Yellow Brick Capital Advisers

Aspire Ventures and Yellow Brick Capital Advisers are merging. Financial terms weren’t announced. The new organization will be called Aspire Universal. London-based Yellow Bridge advises high net worth families and individuals. Aspire, of Lancaster, Pennsylvania, backs five to 10 early stage start-ups each year. PRESS RELEASE LANCASTER, PA (PRWEB) SEPTEMBER 24, 2015 Aspire Ventures and Yellow Brick Capital Advisers (UK) announced a pending merger which will allow the two organizations to unlock powerful synergies in expertise and technology under a new umbrella organization to be called Aspire Universal. Both companies share a common mission around investments in transformative companies, powered by Internet of Things (IoT) technologies, and addressing basic human needs like food & water, education, health care, shelter and finance. “Seemingly overnight, whole industries are being transformed by the ‘Internet of Things’ technologies– namely mobile, cloud, and machine learning. While it’s nice that Facebook can give you better mobile recommendations and Amazon has a device you can talk to when you want to restock your paper towels, such change seems to come too slowly to the industries we value most like healthcare, education, and agriculture. Aspire has been designed from the ground up to reduce the time and expense of pursuing start-ups in these important areas and the addition of Yellow Brick dramatically expands the global scope of our efforts,” said Essam Abadir, Aspire Universal Group Manager and CEO of Aspire Ventures. Yellow Brick Capital Advisers (UK) Limited, headquartered in London, brings deep advisory expertise in these investment sectors by providing cutting-edge financial services to a select number of ultra-high net worth families and individuals. “We share Aspire’s vision to invest in technologies that solve the problems of basic human needs,” said Johnathan Kol-Bar, Chairman and CEO of Yellow Brick Capital Advisers. “Our holdings in ventures like PhyTech, Square, Smart Fertilizer, Okeanos and Smart Sparrow align with the Aspire portfolio and create opportunities for those organizations to leverage Aspire’s core technologies for even faster growth.” Aspire Ventures is an innovator in technology platform driven start-up investment model backing 5 to 10 early stage start-ups each year with several million dollars each, license access to the Aspire Community Intellectual Property, the full time involvement of over 70 technology professionals, and working space at its 20,000 sq. ft. venture lab in Pennsylvania. Aspire’s “community” intellectual property includes many of the most advanced fundamental technologies in the areas which drive IoT – mobile, cloud computing, and machine learning. Kol-Bar brings extensive experience to the Aspire team, with more than twenty-five years in the private and investment banking industry. His global expertise and unique investment vision comes from working and living in New York City, London, Switzerland and several countries in South America. He has been the regional Head of Private Banking for several different institutions around the world and maintains an excellent reputation in the industry and among investors. For Kol-Bar, the merger is about Yellow Brick leading the next generation of family offices. “Our clients trust us to provide them access to very unique investment opportunities. This gives us a role helping these ventures to implement shared technologies and grow more quickly. This merger is the final step to building a family office with expertise.” Effective with the merger, Kol-Bar has been named as a Group Director of Aspire Universal, and will continue his duties as Chairman and CEO of Yellow Brick. “One of the many reasons for our early successes has been the diversity of our leadership, particularly at the position of Group Director,” said Sam Abadir, Group Manager of Aspire Universal and CEO of Aspire Ventures. “Johnathan rounds that out even further by bringing us the unique skill set of banking and financial advisory at a very high level. Coupling his expertise with our shared commitment to impact investing ensures our missions are perfectly aligned. We expect this merger to accelerate the growth of both Yellow Brick and Aspire.” Abadir further explained the rebranding under Aspire Universal. “Simply put, our vision has expanded to encompass opportunities beyond what even we envisioned just two years ago. Bringing all of our endeavors under the Aspire Universal name helps to recognize all of our efforts within a single brand.” The merger is expected to close by the end of 2015.

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Aspire Ventures to merge with Yellow Brick Capital Advisers

Z Capital exits MSDP Group

Z Capital has sold MSDP Group to Lincolnshire-backed Holley Performance Products. No financial terms were disclosed. Jefferies was financial advisor to Z Capital on the transaction. Based in El Paso, Texas, MSDP is a provider of vehicle aftermarket performance parts. PRESS RELEASE NEW YORK, Sept. 23, 2015 /PRNewswire/ — Z Capital Group (“Z Capital”), today announced that its private equity management arm, Z Capital Partners, L.L.C. (“Z Capital Partners”), has closed the sale of MSDP Group LLC and its subsidiaries (“MSDP”), a global leader in automotive aftermarket performance and tuning technology, to Holley Performance Products, a portfolio company of Lincolnshire Equity Fund IV (“Lincolnshire”). Terms of the transaction were not disclosed. Since investing in MSDP in 2013, Z Capital Partners has transformed the company by recruiting an industry-leading management team, enhancing product innovation and brand marketing, optimizing the supply chain network and distribution capabilities, and pursuing strategic acquisitions. Notably, through the acquisition of ACCEL Performance Group in December, 2014, Z Capital Partners established MSDP as the leader in performance fuel and ignition systems. “My partner Rick Sullivan and I are thrilled to announce the addition of MSDP to our portfolio,” said Tom Callahan, Managing Director at Lincolnshire. “Under the leadership of a talented management team, MSDP has developed into a world-class performance automotive business managing great brands and boasting key strengths in both ignition and electronic tuning technologies. MSDP provides the ideal partner for Holley, a Lincolnshire portfolio company that is the leading manufacturer and marketer of performance fuel and exhaust systems. Together, these two iconic franchises, Holley and MSDP, will serve future generations of brand conscious street performance enthusiasts, hot rodders and racers with innovative new products and category-leading lines of refreshed, rejuvenated and improved versions of existing products.” James Zenni, President and Chief Executive Officer of Z Capital, said, “We are proud of the significant value we were able to create at MSDP. MSDP’s leading products, strong customer relationships and track record of innovation have allowed the company to enjoy tremendous success. This transaction represents a terrific outcome for Holley Performance, MSDP, Lincolnshire and Z Capital, and we are confident that MSDP will continue to thrive under new ownership.” “As an industry peer, MSDP provides an invaluable partner for Holley,” said Tom Tomlinson, CEO of Holley Performance Products. “The Holley team is committed to capitalizing on the significant growth opportunities in the automotive performance industry and today, MSDP and Holley are ideally positioned in their respective product segments. MSDP adds powerful, category-leading brands to our existing portfolio of similarly positioned performance brand offerings, better positions us as an undisputed industry leader, and helps meaningfully to ensure that we continue to develop and deliver the best innovative new performance products to all of our customers and value to all our stakeholders.” The Automotive Aftermarket team at Jefferies, led by Jonathan Carey and Treavor Hill, acted as financial advisor to Z Capital. About MSDP Group LLC Headquartered in El Paso, Texas, MSDP was founded in 1970 as a research and development company by two talented electronics engineers. Today, the MSDP team designs, develops, tests and manufactures the entire line of MSDP products including ignition controls, fuel injection systems, coils, timing accessories, spark plug wires and accessories under its portfolio of iconic brands, including MSD®, Racepak®, Superchips®, Edge®, Accel®, Mr. Gasket®, and other brands. http://www.MSDperformance.com/. About Holley Performance Products Holley® has been the undisputed leader in fuel systems for over 100 years. Holley carburetors have powered every NASCAR® Sprint® Cup team and nearly every NHRA® Pro–Stock champion for four decades. Now, Holley EFI is dominating the performance world along with its line of exciting products for GM’s LS engine. Holley’s products also include performance fuel pumps, intake manifolds & engine dress–up products for street performance, race and marine applications. Holley provides a complete performance solution with its full spectrum of branded products from the Holley portfolio: Hooker Headers®, Flowtech® Exhaust, NOS® Nitrous, Weiand®, Earl’s Performance Plumbing®, Quick Fuel Technology® and Diablosport®. https://www.holley.com/ About Lincolnshire Management, Inc. Lincolnshire Management Inc., a leading middle-market private equity firm, manages several funds with aggregate equity totaling approximately $1.7 billion including its most recent Lincolnshire Equity Fund IV. Founded in 1986, Lincolnshire has completed more than 85 investments in middle-market companies. Lincolnshire portfolio investments include or have included such leading companies as Prince Sports, PADI, Wabash, Transcraft, Riddell, AMPORTS and National Pen. Headquartered in New York, Lincolnshire Management has offices in Atlanta, Chicago and Los Angeles. About Z Capital Group Z Capital Group, L.L.C. and its subsidiaries, including its private equity management arm Z Capital Partners, are leading global alternative investment managers with approximately $2.3 billion of regulatory assets under management having offices in New York, NY; Lake Forest, IL; and Zurich, Switzerland. Z Capital manages opportunistic, value-oriented private equity and credit funds. Z Capital operates in an integrated manner, yet has distinct business platforms of private equity and credit funds. Z Capital’s principals have applied this investment philosophy for over 20 years, deploying capital across the balance sheets of industry leading businesses and seeking to create value for their investors throughout economic cycles. Z Capital’s investors include prominent global sovereign wealth funds, endowments, pension funds, insurance companies, foundations, family offices, and other institutions in North America, Europe, Asia, Africa and the Middle East. http://www.zcapgroup.net/

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Z Capital exits MSDP Group

Law Suit Filed: RIM Faces Class Action over Blackberry Outage

RIM Faces Class Action over Blackberry Outage

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Law Suit Filed: RIM Faces Class Action over Blackberry Outage