Payfone Inc., a New York-based company that allows users to pay for online goods by using mobile credit, has secured $6 million of a $10 million funding round, according to a regulatory filing.

Bob Borchers, a partner with Opus Capital, is listed as a new board director. The company previously raised around $1.6 million in a round led by RRE Ventures. www.payfone.com

The Carlyle Group has retained Goldman Sachs to find buyers for defense and aviation portfolio company Arinc, according to Bloomberg. The deal could be worth upwards of $1 billion, with private equity firms expected to express interest.

Robert Hull has agreed to join Providence Equity Partners as chief financial officer. He will succeed Raymond Mathieu, who will become a managing director focused on special projects. Hull most recently was CFO of GMAC, and before that was with Bank of America as CFO of the firm’s global wealth and investment management business.

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Testar Electronics Corp., a Taiwan-based maker of LED chips, has raised an undisclosed amount of VC funding from WI Harper Group.

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Jurgen Leijdekker has joined Welsh, Carson, Anderson & Stowe as an operating executive. He previously was president of Paul Winston Group.

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Firm”), the largest private equity investor exclusively focused on information/business services and healthcare, today announced that it has named Jurgen Leijdekker as an Operating Executive. Mr. Leijdekker was most recently President of Paul Winston Group, where he led a significant operational transformation.

DataXu, provider of a real-time bidding platform for online display advertisers, has closed USD11m in series B funding led by Menlo Ventures.

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The European Space Agency has launched The Open Sky Technologies Fund, an early-stage VC that will back companies that apply space technologies and satellite applications to terrestrial industries. It will be managed by Triangle Venture Capital Group, and so far has closed on €15 million of its €100 million target.

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Team Europe Ventures of Berlin has launched a €6 million fund for Internet and mobile Internet startups. It will focus on European companies, but also will make U.S. investments. The fund expects to make between four and five investments per year, with a maximum of €500,000 per company.

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JERUSALEM (Reuters) - Israeli venture capital fund Infinity-I China said on Tuesday it had launched six yuan-denominated private equity funds in partnership with seven Chinese cities to spur business growth through new technology.

Infinity-I China said in a statement the funds would range from 200 million yuan ($29.3 million) to a target of 500 million yuan. It said its partners were the cities of Beijing, Suzhou, Harbin, Shijiazhuang, Changzhou, Ningbo and Tianjin.

Low Carbon Accelerator has invested GBP500,000 in Vigor Renewables in the form of non-voting preference shares with rights over 90 per cent of the distributable profits.

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