Bill Hagerty, ex-commissioner of the Tennessee Department of Economic and Community Development, is rejoining the private equity firm he co-founded.

Hagerty is managing director of Hagerty Peterson & Company LLC, according to the firm’s website. The merchant bank and private equity firm focuses on the health care, information services, entertainment and media industries.

Hagerty announced in November he was stepping down as commissioner of the Tennessee Department Economic and Community Development, a position he filled for four years. His replacement, Randy Boyd, took over when Haslam was inaugurated for a second term on Jan. 17.

Source: Nashville Business Journal

 

Tags: Private Equity, Private Equity Firm, Private Equity Group, Private Equity Company, Private Equity Fund, Private Equity Investment, Private Equity Investor, Fund of Fund, Private Equity Business, Private Equity Industry, PE, Bill Hagerty, Tennessee, Tennessee Department of Economic and Community Development, Hagerty Peterson & Company LLC, Randy Boyd.

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Israeli venture firm Aleph and Spark Capital has led a $2.5 million in seed funding round for Colu, an Israel-based startup aimed at digitizing the ownership of all your things through the blockchain — the public feed of Bitcoin.

Additional investors are BoxGroup and Bitcoin Opportunity Corp. Spark previously invested in eToro, a startup co-founded by David Ring, who is now co-founder of Colu.

Colu is building out software that it says would allow consumers to securely buy and store digital tokens, akin to and based on bitcoins, that could serve as tickets to events, or as digital keys unlocking online services or physical objects, such as hotel doors. The use of these tokens would be simpler than presenting a printout of an email to a ticketing agent or typing in various credentials to get access to a service, according to Colu.

The goal is to use the bitcoin open-ledger system, where every transaction is recorded and duplicates are difficult to create, in order to validate a variety of transactions.

Bitcoin is “the most secure database on the planet,” said Amos Meiri, co-founder and chief-executive of Colu.

Venture investors such as Fred Wilson, of Union Square Ventures, have talked up the potential of layering new applications on top of the bitcoin protocol or creating similarly distributed digital ledgers. Some have called these applications as Bitcoin 2.0. Union Square Ventures, for example, recently invested in a startup called OneName, that allows users to create a digital identity confirmed by a network.

Source: Wall Street Journal

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Israel, Israeli Venture Firm, Aleph and Spark Capital, Tel Aviv, Bitcoin, Startup, Colu, BoxGroup, Bitcoin Opportunity Corp, eToro, David Ring, Amos Meiri, Fred Wilson, Union Square Ventures, Bitcoin 2.0. Union Square Ventures, OneName.

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Blackstone Group Closes Its New Energy Fund at $4.5B

January 28, 2015

An American multinational private equity The Blackstone Group L.P. has raised the amount of $4.5 billion for its latest energy-focused fund, beating its initial target of $4 billion. The Blackstone Group L.P. (NYSE:BX) has reportedly managed to raise $4.5 billion as capital for a new, separate fund focused on investment opportunities in the energy sector, […]

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London Currency Startup Transferwise Secures Investment from Andreessen Horowitz

January 27, 2015

Transferwise, the London-based currency-transfer startup, announced it has secured investment from Andreessen Horowitz, a $4 billion venture capital firm, founded in 2009 by Marc Andreessen and Ben Horowitz. Andreessen Horowitz made its investment as part of a $58 million funding round, Transferwise said, but the company didn’t disclose other investors or the total valuation at […]

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Former Platinum Equity VP Joins CenterGate Capital

January 26, 2015

Tim Liu, a former Platinum Equity executive, has been appointed by CenterGate Capital, a private equity firm focused on improving and growing lower middle market companies, to its senior investment team. Tim Liu will immediately take up the role of Principal, balancing business development, execution of new investments, and portfolio company management. Liu brings with […]

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Walgreen Sells Minority Stake to Chicago Private Equity Firm

January 23, 2015

Madison Dearborn Partners, A Chicago-based private equity firm specializing in leveraged buyouts, has acquired minority stake in Walgreen unit, the companies said in a joint statement. Madison Dearborn plans to take the company private and appoint Paul Mastrapa, who heads the infusion business, as CEO. The business provides intravenous fluid medications for cancer, chronic pain, […]

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Hopscotch Raises $11M from Facebook’s Co-Founder Eduardo Saverin

January 22, 2015

Facebook co-founder Eduardo Saverin and Los Angeles headquartered early stage investor Velos Capital led an $11 million round for Hopscotch, the Mumbai based baby care and kids products retailer. The funding comes amidst a wave of consolidation in the nascent babycare and kids products retailing segment that has already seen a couple of players shutter […]

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China is Introducing a $6.5B Venture Capital Fund in Support of Startups

January 20, 2015

The Chinese government is set to launch a 40 billion RMB ($6.5 billion) venture capital fund, in support of emerging industries and startup tech companies in its latest move to support the private sector and foster innovation. The news comes as investor interest in Chinese VC firms recovers after several years of decline. China’s government […]

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U.S. Injection Molder Bought by The Gores Group

January 19, 2015

Auburn Hills-based injection molder U.S. Farathane Corp. has been acquired by The Gores Group, a Los Angeles based, global private equity firm specializing in acquiring and partnering with mature and growing businesses, in a deal worth at over $100 million. Los Angeles-based Gores Group is led by Alec Gores, brother of Detroit Pistons owner Tom […]

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