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LOS ALTOS, CA /PRNewswire/ - November 7, 2007 – MerchantCircle, the largest and fastest growing online network of local business owners in the nation, today announced it has received $10MM in Series B funding and other financing. Previous investors Rustic Canyon Partners, Scale Venture Partners, Steamboat Ventures (the venture capital arm of The Walt Disney Company), and new financing partners IAC (Nasdaq: IACI) and Square 1 Bank, among others participated in the deal. READ FULL ARTICLE >>
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With prices averaging more than $20,000 for a new vehicle and $9,500 for a four-year-old vehicle, most consumers need financing or leasing to acquire a vehicle. In some cases, buyers use "direct lending:" they obtain a loan directly from a finance company, bank or credit union. In direct lending, a buyer agrees to pay the amount financed, plus an agreed-upon finance charge, over a period of time. Once a buyer and a vehicle dealership enter into a contract and the buyer agrees to a vehicle price, the buyer uses the loan proceeds from the direct lender to pay the dealership for the vehicle. Consumers ... may arrange for a vehicle loan over the Internet.
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NEW YORK, Jan. 30 /PRNewswire/ -- Heavy.com, the world's leading broadband network with more than 10 million unique viewers monthly, today announced that it closed a $10 million financing round led by Polaris Venture Partners. Allen & Company served as a financial advisor to Heavy for the transaction. In addition, Heavy announced two new board appointments: Mike Hirshland, General Partner of Polaris, and Avram Miller, former Vice President of Intel Corp. and current CEO of the Avram Miller Company. Co-founders and Co-CEOs Simon Assaad and David Carson made the announcements.
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In connection with the financing, the Company granted Commonwealth Associates, L.P., the placement agent for the financing, an option to purchase securities equal to 18.5% of the securities sold in the financing. The lead investor in the private placement was ComVest Venture Partners L.P., an affiliate of the placement agent, purchasing approximately $1.4 Million of the securities sold in the financing. The proceeds from the financing, net of the placement agent's commission, were approximately $4,509,000. The proceeds from the financing will enable the Company to meet the net tangible asset requirement set by Nasdaq for the continued listing of the Company's securities on the Nasdaq SmallCap Market.
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WEXFORD, Pa., Nov. 17 /PRNewswire/ -- Millennium Pharmacy Systems, a privately-held healthcare company providing contract pharmacy services to the long term care industry, announced the recent completion of a $14.5 million equity financing. CHL Medical Partners led the capital raise and was joined by Boulder Ventures. Both firms are new investors in the company.
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RICHMOND, Calif., April 19 /PRNewswire/ -- Neurobiological Technologies, Inc. (NIT®) (OTC Bulletin Board: NTII) today announced that the price in its private financing was $5.30 per share of common stock. NTI® announced earlier today that it has raised $6,360,000 in private financing to continue its clinical development of two neuroprotective drug candidates. The investors include Capital Research Company and Gotham Capital Management. AmeriCal Securities, Inc. of San Francisco acted as the placement agent.
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