Richard Branson and Chamath Palihapitiya Partner to Take Space Tourism Company Virgin Galactic Public

The idea was that Social Capital Hedosophia would acquire a big tech company and help it circumvent the initial public offering process. Social Capital Hedosophia would offer faster liquidity for investors and employees, waive lock-ups, and trim the timeline of “going public” to roughly 60 to 90 days. – MedaRed Inc, a San Francisco-based biotechnology company focused on discovering and developing new therapeutics targeting fibrin, raised $6.5 million in seed funding. – Marlin Equity Partners acquired Clarus Commerce, a Rocky Hill, Conn.-based provider of premium loyalty programs for retailers. – Cinven agreed to make a “significant” investment in Jaggaer, a Research Triangle Park, N.C.-based provider of procurement software for large and medium-sized businesses.