Princeton-based ALC was Empathy Lab backer; Eureka Growth Capital raising new fund, MDConnectMe raises $375k

Tom Paine



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Princeton based direct marketing data pioneer ALC (formerly known as American List Counsel) was apparently a financial backer of Conshohocken-based Empathy Lab, which was acquired by Newtown-based EPAM Systems last week. This is according to a press release issued by New York investment bank The Jordan, Edmiston Group, Inc., which said it represented ALC and Empathy Lab in the transaction.

Philadelphia-based Eureka Growth Capital is raising up to $150 million for its third fund, Fortune's Term Sheet reported in its email newsletter today based on information from regulatory filings. The publication says Eureka has already secured $46 million in commitments to the fund. I previously wrote about Eureka, its plans for a new fund, and its co-founder and managing partner Christopher G. Hanssens in October.

Philadelphia-based MDConnectMe, a mobile app that connects physicians with their patients and their families and friends, has raised $375,000 out of a targeted $500,000, according to an SEC filing reported by FormDs.com.



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Philly-based Eureka Growth Capital seeks to raise up to $200mm for new fund

Tom Paine


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Dow Jones' LBO Wire reports that Philadelphia-based Eureka Growth Capital is seeking to raise a new fund, Eureka III LP, with a target of $150 million and a hard cap of $200 million.



Eureka Growth Capital is a middle market PE firm headed by managing partner and co-founder Christopher G. Hanssens, a Villanova grad and Wharton MBA who previously was with Accenture and Murray Devine & Co., a transaction and valuation advisory firm. The firm's portfolio is diverse both in terms of industries and geography, although a few of its current investments are based in the Philadelphia area. It has some information technology investments; the most significant Philly area one I can see is Synygy, the Chester-based salesforce comp SaaS vendor from which it exited in 2006.

Eureka raised its last fund of $130 million in 2007.




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