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Tuesday June 9, 2009 Embrella Cardiovascular, Inc. Announces Closing of Series B Round MALVERN, Pa. Embrella Cardiovascular™, Inc. today announced that it closed its Series B financing round, raising approximately $5.1 million in new capital. BioStar Ventures led the round, along with existing investor, the MedFocus Fund, and several existing and new private investors ... |
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Tuesday June 9, 2009 Oil Purification Systems Raises $2.5 Million in Funding, Announces New CEO SHELTON, Conn. Oil Purification Systems (OPS) (www.ops-1.com), the leader in fluid cleaning technology, announced today that it has secured $2.5 million in funding from Atlantic Capital Group, Sterling Passive Investments, RDA Ventures, LLC, USA Fund, LP and Connecticut Innovations... Tuesday June 9, 2009 Tendril Secures $30 Million Series C Funding Tendril, creator of the Tendril Residential Energy Ecosystem (TREE) for utilities, energy retailers and their consumers, today announced it has secured $30 million in Series C funding.... Tuesday June 9, 2009 Silicon Clocks Completes $10.3M Series C Financing Led By Silicon Labs and Premier Venture Firms FREMONT, Calif. Silicon Clocks, a leader in integrated timing solutions for electronic systems, today announced the completion of a $10.3M Series C financing to enable the company to ramp into full production the J-Series family of low jitter timing products, as well as transition its cutting edge ... Tuesday June 9, 2009 Semprius Raises $6.4 Million Series B Round of Financing DURHAM, N.C. Semprius, Inc., a semiconductor technology company developing a novel transfer printing technology for the manufacture of advanced semiconductor devices, announced today it has closed a $6.4 million Series B round of venture funding. Existing investors ARCH Venture ... Tuesday June 9, 2009 NanoString Technologies Closes $30 million Series C Financing to Accelerate the Commercialization of its Leading Expression Profiling Products SEATTLE NanoString Technologies, a privately held life sciences company advancing best-in-class technologies for expression profiling, announced today that it has closed a $30 million Series C equity financing. This financing, structured in two tranches, will allow NanoString Technologies ... Monday June 8, 2009 Motally Announces Series A Financing for Mobile Analytics Platform SAN FRANCISCO Motally announced its Series A financing led by BlueRun Ventures with additional participation from Ron Conway. Motally’s Mobile Analytics was built from the ground up with mobile in mind to specifically address the entire range of mobile devices, networks, and service offerings ... Monday June 8, 2009 Aileron Therapeutics Closes $40 Million Series D Financing CAMBRIDGE, Mass. Aileron Therapeutics, a biotechnology company discovering and developing a novel class of therapeutics called Stapled Peptides, announced today it has closed a $40 million Series D financing. The financing was co-led by new investors SR One Ltd., the independent corporate venture fund of GlaxoSmithKline ... Thursday June 4, 2009 Tactical Holdings Completes Investment in Massif Holdings LLC ASHLAND, Ore. Tactical Holdings, a global provider of military and tactical footwear, and its equity partner, Golden Gate Capital, a San Francisco-based private equity firm with over $8 billion of capital under management, announced today that they completed an investment in Massif Holdings LLC ... Thursday June 4, 2009 Greylock Partners Invests in The Box, a Leading Israeli Content and New Media Company TEL AVIV The Box., one of Israel's leading content and creative companies, announced that Greylock Partners has invested several million dollars in the company. The Box specializes in the creation of compelling “out of the box” content ... Thursday June 4, 2009 Turbine Air Systems, Inc. Receives Growth Equity Financing PHILADELPHIA, June 4 Turbine Air Systems, Inc. (TAS) announced the completion of a growth equity financing led by Element Partners. NGP Energy Technology Partners, Robeco, Credit Suisse, and Potomac Energy Fund also participated in the transaction. Proceeds will primarily be used ... Wednesday June 3, 2009 XCast Labs Closes $2.7M Preferred Round A Financing LOS ANGELES XCast Labs (www.xcastlabs.com), a leading global provider of SaaS digital voice and video solutions, today announced that Siemer and Associates, LLC (www.siemerassoc.com) has invested in XCast Labs’ as part of a $2.7M Preferred Round A ... Wednesday June 3, 2009 beeTV Raises US$8 Million in Series B Funding From Innogest, Italy's Largest Venture Capital Firm MILAN, June 3 beeTV, the pioneers and inventors of the PCC(TM) (Personal Content Channel(TM)) today announced the completion of a Series B Fund acquisition of $8 million U.S. dollars. The funding was led by Innogest, the largest venture capital firm operating in Italy. beeTV ... Tuesday June 2, 2009 Agilence Receives Additional Series B Financing CAMDEN, N.J. Agilence, Inc., a leader in intelligent video analysis solutions, today announced that it received additional Series B funding from Schneider Electric Ventures, a leading venture capital firm sponsored by the Schneider Electric Group ... Tuesday June 2, 2009 Peer39 Raises $10.5 Million in Series C Financing NEW YORK Peer39(www.Peer39.com), the leading online semantic advertising company, today announced that it has closed a $10.5 million round in Series C funding. Evergreen Venture Partners led the round, joining existing investors including Canaan ... Tuesday June 2, 2009 miRagen Therapeutics, Inc. Accomplishes Funding Milestones and Secures Series A Extension BOULDER, Colo. miRagen Therapeutics, Inc., a biopharmaceutical company focused on improving patients’ lives by developing innovative microRNA (miRNA) based therapeutics for cardiovascular and muscle disease, today announced the achievement of several key milestones resulting in the approval of the second tranche of last year’s $8 million Series A ... Tuesday June 2 Hospitalists Now Secures $3.5MM Series A Financing from Sant Ventures AUSTIN, Texas Hospitalists Now, Inc. (HNI), a full-service physician group practice, management and consulting company focused on the delivery of hospitalist services, today announced its first round of venture capital funding. The $3.5 million in Series A equity financing was provided by life sciences ... Thursday May 28, 2009 GreenRoad Secures $15 Million in Additional Financing REDWOOD SHORES, Calif. GreenRoad, a global pioneer in improving driving behavior, announced that it has raised $15 million in growth funding. DAG Ventures, a venture capital investment partnership, led the round with participation from existing investors Benchmark Capital, Virgin Green Fund, Amadeus Capital and Balderton Capital ... Thursday May 28, 2009 Proteon Therapeutics Completes Second Closing of Equity Financing; Raises Total Series B to $50 million WALTHAM, Mass., May 28 Proteon Therapeutics, Inc., announced today that it has completed a second closing of its Series B equity financing, securing an additional $12 million and increasing the total equity capital raised in this round to $50 million. The additional equity investment came primarily from two new investors, Bessemer Venture Partners and Devon Park ... Wednesday May 27, 2009 Telesphere Announces More Than $15 Million in New Funding PHOENIX Telesphere® (www.telesphere.com), a nationwide business phone and Internet services provider, announced it has successfully closed on more than $15 million in additional private equity funding. The funds will be used to continue the company’s market build and acquisition-based ... Wednesday May 27, 2009 gloStream Announces $7.5 Million Series B Financing Round Co-Led by Beringea and gloStream's Executive Management Team BLOOMFIELD HILLS, Mich., May 27 gloStream, a healthcare software company that develops and sells certified, Microsoft Office embedded electronic medical record ("EMR") and practice management ("PM") solutions, announced today that it has closed on a $7.5 million series B financing round co-led by Beringea and members of gloStream's Executive Management Team. ... Wednesday May 27, 2009 E-Band Communications Corp. Raises "Series C" Funding Led by Hercules Technology Growth Capital and Avalon Ventures SAN DIEGO E-Band Communications Corporation (E-Band), developer of Gigabit-Ethernet millimeter-wave wireless transmission systems, has raised its Series C financing round. Hercules Technology Growth Capital, Inc. (NASDAQ: HTGC - News), the leading specialty finance ... Tuesday May 26, 2009 Tigo Energy Reaches Key Milestones and Raises $10 Million 'B' Round Financing LOS GATOS, Calif., May 26 Tigo Energy, (www.tigoenergy.com), the solar company whose unique technology significantly increases efficiency in photovoltaic solar installations, announced today that it has closed the second round of funding ... Tuesday May 26, 2009 Ophthonix Completes Series AA Financing at $25.9 Million VISTA, Calif., May 26 Ophthonix, a company that has developed advanced vision-correction products that provide consumers with superior optical clarity and crispness of vision, just announced that it has closed its $25.9 million "Series AA" financing. In addition to a significant investment by a new private investor, each of the company's current top-tier investors ... Tuesday May 26, 2009 LogLogic Secures $8.8M in Extended Series D Financing SAN JOSE, Calif. LogLogic®, the log management leader, today announced it has extended its series D round of funding, securing an additional $8.8 million in equity financing to fuel rapid growth into new markets, including IT security management and database activity monitoring. This round, which brings the total equity investment in ... Tuesday May 26, 2009 Plastic Jungle Secures $4.8 million Series A Financing CLOVIS, Calif. Plastic Jungle, the premier Web site to sell, buy and exchange gift cards in a trusted environment, today announced that it has secured $4.8 million in its Series A Preferred Stock Financing, led by Shasta Ventures with investments from Bay Partners, First Round Capital and Harrison Metal ... Tuesday May 26, 2009 OpenX Closes $10 Million Series C Funding PASADENA, Calif., May 26 OpenX Technologies, Inc. (OpenX), the world's leading independent ad server for web publishers, today announced it has completed a $10 million Series C funding round that brings the total investment in OpenX to more than $30.8 million. DAG Ventures led the round and existing investors Accel Partners, Index Ventures, Mangrove Capital ... Wednesday May 20, 2009 Pathway Medical Technologies Closes $42.5M Series D Financing; Announces New Investment From WRF Capital KIRKLAND, Wash. Pathway Medical Technologies, Inc., an innovator of endovascular treatments for peripheral arterial disease (PAD), today announced that WRF Capital, the venture investment arm of Washington Research Foundation (WRF), an independent, nonprofit foundation ... Tuesday May 19, 2009 Elixir Pharmaceuticals Signs Option Agreement with a Major Pharmaceutical Company; Completes $12M Equity Financing CAMBRIDGE, Mass. Elixir Pharmaceuticals, Inc., announced today the Company has entered into an agreement with Novartis whereby Novartis has been granted an exclusive option to acquire Elixir following the successful completion of a Phase 2a clinical study of Elixir’s ... Tuesday May 19, 2009 Semiconductor Memory Start-Up Unity Semiconductor Closes $22M Series C Financing SUNNYVALE, Calif. Unity Semiconductor Corp., a start-up that will serve the semiconductor data storage market as a designer, developer and manufacturer of non-volatile storage-class memory products, announced today that it has closed its Series C round of financing of $22 million ... Monday May 18, 2009 VoxPop.TV Announces Series B Round of Financing SAN FRANCISCO, May 18 VoxPop.TV, the leader in pop culture gaming, today announced that it has closed a $1.5 million round of financing that will help the company continue to accelerate product and market development of its gaming platform. ... Monday May 18, 2009 agri.capital Raises 60 Million in Funding MÜNSTER, Germany agri.capital, a leading pure-play renewable energy company that develops, owns and operates biogas plants in Europe, has raised €60 million in new equity. TCW Group, Inc (“TCWâ€), through its European Clean Energy Fund ... Friday May 15, 2009 Tobii Technology AB: Tobii Technology Raises 16 million in Funding STOCKHOLM Tobii Technology AB is rising a €16 million (MSEK 170) expansion capital from Amadeus Capital Partners, Northzone Ventures and existing investor, Investor Growth Capital. The capital will be used to expand Tobii’s groundbreaking Eye Tracking technology into existing and new markets and ... Thursday May 14 Terralliance Secures Funding NEWPORT BEACH, Calif. Terralliance Technologies, Inc., a technology-based exploration company, today announced that it has secured new funding to scale its Natural Resource Mapping (NRM) technology and address additional exploration opportunities beyond hydrocarbons, including gold and other minerals. ... Thursday May 14 Anaphore, Inc. Announces $13 Million Second Closing to Series A Financing LA JOLLA, Calif. Anaphore today announced it has raised an additional $13 million in a second closing to its Series A Preferred Stock financing announced in January 2009, bringing total proceeds to $38 million. SR One, the independent ... Thursday May 14 Control Medical Closes Series A Financing with Strategic Investors PARK CITY, Utah Control Medical Technology, LLC announced the closing of a Series A financing with a team of medical device manufacturers, global distributors, and investors. Spring Bay Ventures, a medical-technology focused investor based in Jacksonville, Florida, led the funding. ... Thursday May 14 Aha Mobile Secures $3 Million in Series A Financing from Venrock PALO ALTO, Calif. Aha Mobile,SM Inc. today announced that it has secured $3 million in Series A financing from leading venture capital firm Venrock. Aha is focused on making drivers smarter by safely connecting them to ... Thursday May 14 Cempra Pharmaceuticals Closes $46 Million Series C Financing CHAPEL HILL, N.C. Cempra Pharmaceuticals, Inc., a clinical-stage company developing novel antibiotics for difficult-to-treat and drug-resistant infections, announced today that it has successfully raised $46 million in a Series C financing. The funds will be used for the continued clinical ... Tuesday May 12, 2009 PRC Arranges $103.5 Million Financing for 1110 Vermont Avenue in Washington, D.C. WASHINGTON Perseus Realty Capital, LLC (PRC), a real estate investment bank, announced that it has secured $103.5 million in financing for 1110 Vermont Avenue NW, a 309,480-SF, Class A office building in Washington, DC. ... Tuesday May 12, 2009 VKernel Secures $7M in Series B Funding, Longworth Venture Partners Leads Round and Expands Board PORTSMOUTH, N.H., May 12 VKernel Corporation, a provider of easy-to-use and quick-to-deploy virtual server management and optimization solutions, today announced it has closed a $7 million Series B round of funding. The latest round was led by Longworth Venture Partners and joined by prior investors Hummer Winblad Venture Partners and Polaris Venture Partners ... Tuesday May 12, 2009 Medialets Closes $4 Million Series A Financing Round for Mobile Application Advertising and Analytics Platform NEW YORK Medialets, the leading analytics and ad technology platform for next-generation mobile applications, has today announced that they have closed a $4 million Series A financing round led by investor Foundry Group, with participation from DFJ Gotham and Bobby Yazdani, early investor in Google ... Tuesday May 12, 2009 Bridger's Private Capital Market Funds $16.5MM Refinancing of Mixed-Use Property SAN FRANCISCO Bridger Commercial Funding announced today that it arranged $16.5 Million in term financing secured by 77,247 square foot retail and office property located in Artesia, California. Financing was obtained through Bridger’s private capital market, BankXchange Direct®, a proprietary consortium of over 300 different financial institutions ... Tuesday May 12, 2009 PlexPress Receives 2.75M USD in Seed Funding to Deliver TRAC Technology to Worldwide Gene Expression Analysis Markets LOS ALTOS, Calif. PlexPress announced today the closure of 2.75M USD seed funding from venture capital investors for introducing a game changing gene expression analysis solution to advance biological science, drug discovery, plant sciences and diagnostics. The investors include Conor Technology Fund I, ... Monday May 11, 2009 HauteLook Announces More Than $10 Million in Venture Capital Funding NEW YORK HauteLook, the exclusive members’-only shopping club, today announced a significant funding commitment led by Insight Venture Partners with the completion of the first $10 million tranche. Jeff Lieberman, Managing Director at Insight, will join HauteLook’s board. ... Monday May 11, 2009 I Love Rewards Raises $6.9 Million in Series B Funding TORONTO and BOSTON, May 11 I Love Rewards (www.iloverewards.com), North America's fastest growing rewards and recognition program provider, today announced that it has secured a $6.9 million Series B financing round led by GrandBanks Capital ... Monday May 11, 2009 EveryZing Closes $8.25MM Funding Round, Signs Agreement with NBC Universal CAMBRIDGE, Mass. EveryZing, Inc. today announced it has closed an $8.25MM round of funding from its existing investors, which include Fairhaven Capital, General Catalyst Partners, Accel Partners and BBN Technologies, and added GE/NBCU’s Peacock Equity Fund as an investor ... Monday May 11, 2009 Soros Leads 3rd Closing for IGNIA, Bringing Fund I to US$40.7 Million GARZA GARCIA, Nuevo Leon, Mexico, May 11 IGNIA Fund I, L.P. Latin America's first social venture capital fund, announced today it has reached a total of US$40.7 million in equity commitments by completing its third closing. The round was led with $5 million from Soros Economic Development Fund (SEDF), the global private foundation created by investor ... Sunday May 10, 2009 ZettaCore(R) Raises $21 Million in Series C Round DENVER, May 10 ZettaCore, Inc., a developer of molecular materials and technology for current and next-generation semiconductor products, today announced that it has completed raising $21 million in a Series C financing that will allow the company to bring its technology to market. New investors Globis Capital Partners, Itochu Technology Ventures, Yasuda Enterprise ... Friday May 8, 2009 Tokai Pharmaceuticals Closes $22 Million Series D Fundinge CAMBRIDGE, Mass. Tokai Pharmaceuticals, a biotechnology company that is developing a novel therapy for the treatment of advanced prostate cancer, today announced that it has closed a $22 Million private placement of preferred stock in a round led by the Novartis Venture Fund (NVF). Apple Tree Partners, which founded the company, invested ... Thursday May 7, 2009 Arbitron Leads Series B Investment in TRA, the Leader in ROI Insights for Television NEW YORK TRA (http://www.traglobal.com), developer of the only scalable household-level research system to report true return-on-investment (ROI) accountability for advertising spend, today announced it has closed its second round of funding ... Thursday May 7, 2009 Sadra Medical Raises $30 Million CAMPBELL, Calif. Sadra Medical today announced it has raised $30 million in new investment capital. The round was led by Accuitive Medical Ventures, and includes existing investors Boston Scientific, Finistere, Firstmark Capital, Oakwood, ONSET ... Wednesday May 6, 2009 ExactTarget Secures $70M Venture Capital Investment INDIANAPOLIS ExactTarget, a leading provider of on-demand email and one-to-one marketing solutions, announced today that it has inked a $70 million deal with three venture capital firms that will accelerate the company’s growth and expand its international presence ... Wednesday May 6, 2009 In Tough Times, Startups Hit The Golf Course EL DORADO HILLS, Calif. For entrepreneurs, this economic environment is especially difficult, but there is one event that can turn that all around in one day – the Entrepreneurial Drive Golf Tournament. The tournament brings investors and startups’ executives together for what could be a lot more than a great day of golf ... Wednesday May 6, 2009 SeeWhy Bolsters Leadership With $4.5 Million in Venture Capital, New SaaS Delivery Center SAN JOSE, Calif. & ANDOVER, Mass. Converting website abandoners with real-time analytics, SeeWhy, Inc., today made a series of announcements that power the company into the website conversion market. In addition to securing $4.5 million ... Wednesday May 6, 2009 Zendesk Secures Series A Funding from CRV and Opens U.S. Headquarters in Mission to Spread Good Karma to Help Desks Everywhere BOSTON, May 6 Inspiring the help desk 2.0 movement through a focus on enlightened customer support, Zendesk has secured series A venture capital financing from Charles River Ventures. Zendesk's (http://www.zendesk.com/) SaaS (software as a ... Wednesday May 6, 2009 Scandinavian Start-up Zendesk Goes Global With Series A Funding From CRV and New U.S. Headquarters in Mission to Spread Good Karma to Help Desks Everywhere COPENHAGEN, May 6 Inspiring the help desk 2.0 movement through a focus on enlightened customer support, Zendesk, which was founded in Scandinavia by three Copenhagen friends Morten Primdahl, Alexander Aghassipour and Mikkel A. Svane, has secured series A venture capital financing ... Wednesday May 6, 2009 Transonic Combustion Completes New Round of Venture Funding CAMARILLO, Calif. In its mission to dramatically improve fuel economy and cut carbon emissions, today Transonic Combustion, Inc. announced that it has raised a C-round of equity funding. Transonic will use the capital to ... Wednesday May 6, 2009 VaxInnate Corporation Closes $30 Million Round of Financing; Wellcome Trust Leads Round CRANBURY, N.J. VaxInnate Corporation, a biotechnology company pioneering breakthrough technology that could dramatically improve the potency, manufacturing capacity and cost effectiveness of vaccines, today announced the closing of $30 million in new Series D financing ... Wednesday May 6, 2009 SVTC Technologies Receives Additional Funding SAN JOSE, Calif. & AUSTIN, Texas SVTC Technologies, a leading provider of development and commercialization services for silicon-based technologies, announced that the company has raised an additional $34 million from its existing investors, Oak Hill ... Wednesday May 6, 2009 Equinox Carbon Equities Attracts $20 Million Private Investor ZEPHYR COVE, Nev. Equinox Carbon Equities™ ( http://www.equinoxcarbonequities.com) announced that GEOSUMMIT, LLC has signed a Letter of Intent to purchase up to 40 percent interest in the company at the price of $20 million dollars ... Tuesday May 5, 2009 Deeya Energy Raises Oversubscribed $30M Series C FREMONT, Calif. Deeya Energy, an industry leader in next generation energy storage platforms, announced that it has completed an oversubscribed $30M Series C financing. Deeya’s innovative solution addresses the $46 billion energy storage market by offering a scalable, economical and renewable ... Tuesday May 5, 2009 Providence-Based NABsys, Inc., Announces $4 Million Equity Financing PROVIDENCE, R.I., May 5 NABsys, Inc., the pioneer in electronic, solid-state DNA sequencing, announced today that it has closed a $4 million equity round led by Point Judith Capital. Slater Technology Fund and other previous investors also participated in the round ... Tuesday May 5, 2009 PrimeRevenue Secures US$3 Million Growth Financing from MMV Financial ATLANTA PrimeRevenue, a leading provider of Supply Chain Finance solutions, announces the completion of a US$3.0 million venture loan from Toronto-based MMV Financial. The Company provides a combination of technology solutions and services ... Tuesday May 5, 2009 Sanovia Raises $8 Million in Venture Funding Led by Chrysalis Ventures PHILADELPHIA Sanovia Corporation, a provider of cost and quality pharmaceutical management products and services to health plans, today announced that it has closed an $8 million Series C investment round. ... Tuesday May 5, 2009 Calistoga Pharmaceuticals Raises $30 Million in Series B Financing SEATTLE Calistoga Pharmaceuticals, Inc., the leader in the development of isoform-selective phosphatidylinositol 3 kinase (PI3K) inhibitors for the treatment of cancer and inflammatory diseases, today announced it has closed a $30 million Series B financing ... Monday May 4, 2009 Email Data Source Completes Series B Funding; Releases API NEW YORK Email Data Source, Inc., the email marketing industry’s original source for email competitive intelligence, has completed a Series B funding round, led by TWJ Capital. Investment terms were not disclosed. Email Data Source has also ... Monday May 4, 2009 SDCmaterials, Inc. Raises $14M in Series B Funding TEMPE, Ariz., May 4 Tempe, Arizona-based catalyst and additives producer SDCmaterials, Inc. announced the closing of a US $14M Series B funding round today. The round was led by Invus Financial Advisors of New York with participation from existing investors Emerald ... Thursday April 30, 2009 Booyah Raises Series A from Kleiner Perkins Caufield & Byers' iFund, Gears up to Provide an Entertainment Product for iPhone and iPod Touch PALO ALTO, Calif.- Booyah, a Silicon Valley start-up founded by former games industry veterans Keith Lee, Brian Morrisroe and Sam Christiansen, announced that the Company has raised a $4.5M Series A financing from Kleiner Perkins Caufield & Byers (KPCB) ... Thursday April 30, 2009 FreeWheel Closes $12M Financing Led by Foundation Capital and Battery Ventures SAN MATEO, Calif. FreeWheel, the first company to provide complete Monetization Rights Management® (MRM™) for both video content owners and publishers, today announced that it has closed a Series C round of venture capital financing ... Thursday April 30, 2009 The Florida Venture Forum Announces More Presenting Companies for 2009 Early Stage Venture Capital Conference TAMPA, Fla.The Florida Venture Forum (http://www.floridaventureforum.org) has added four companies to its list of Florida companies selected to present at this year’s Early Stage Venture Capital Conference, to be ... Thursday April 30, 2009 LSGPA Invests $750,000 in Nittany Polymedics, Inc. STATE COLLEGE, Pa. The Life Sciences Greenhouse of Central Pennsylvania (LSGPA) announced today an investment of $750,000 in Nittany Polymedics, Inc. (NPI), a spin-out of State College-based Polymics, Inc. ... Thursday April 30, 2009 Arkadin Capitalizes on Success and Raises 20 Million Euros PARIS Arkadin, the French leading provider of audio and data conferencing services, today announced a new round of funding led by UFG Private Equity. Consistently posting a double-digit growth since its foundation in 2001, the 3rd largest global provider of remote collaboration ... Wednesday April 29, 2009 IMshopping Launches First Ever Twitter-Based Shopping Service and Announces $4.7M in Series A Funding From SK Telecom SANTA CLARA, Calif. With millions of products and a confusing scattering of retailers on the Web, researching consumer products has become a time-consuming and frustrating experience. Now, relief has arrived. Today IMshopping (http://www.imshopping.com) officially launches in beta as the first human-assisted shopping website ... Wednesday April 29, 2009 Active Endpoints Receives $5M in Funding WALTHAM, Mass. Active Endpoints, Inc. (www.activevos.com), the inventor of visual orchestration systems, today announced that it has raised $5M in an extension of its Series B funding. Participating in the investment round was North Bridge Venture Partners ... Wednesday April 29, 2009 Conductor Secures $10 Million in Series B Financing NEW YORK Conductor, Inc., a pioneer of enterprise SEO measurement and optimization solutions, today announced $10 million in Series B funding, led by new investor Matrix Partners. FirstMark Capital, who led Conductor’s Series A financing ... Wednesday April 29, 2009 Eucalyptus Systems Debuts as Open Source Private and Hybrid Cloud Company SANTA BARBARA, Calif. Eucalyptus Systems, Inc., creators of the leading open source private cloud platform, today announced that it has closed a $5.5 million Series A round of venture financing led by Benchmark Capital with BV Capital also ... Wednesday April 29, 2009 EU clears British venture capital tax breaks BRUSSELS Britain won European Union approval Wednesday to give tax breaks aiming at increasing venture capital investment in small businesses. ... Tuesday April 28, 2009 Rockwood Capital Real Estate Partners Fund VIII Closes with $964 Million in Capital Commitments SAN FRANCISCO & WHITE PLAINS, N.Y. Rockwood Capital, LLC (“Rockwood”), the private real estate investment company, today announced that it has closed Rockwood Capital Real Estate Partners Fund VIII, L.P. (“Fund VIII”) with approximately $964 million in capital ... Tuesday April 28, 2009 CPower Secures More Than $10 Million in Series B Round of Financing NEW YORK, April 28 CPower (www.cpowered.com), a leading energy management firm, today announced the closing of its Series B round of financing. This $10.68 million investment was led by a new investor in the company, Mayfield Fund, as well as returning investors ... Monday April 27, 2009 Symbios Clinical Announces Sponsorship of Venture Capital Panel Meeting MINNEAPOLIS Symbios Clinical has renewed its sponsorship of LifeScience Alley’s Small Business Leaders’ Forum. This forum is designed specifically for CEOs and executives at early stage medical device and biotechnology companies and focuses on topics essential to successfully managing an ... Monday April 27, 2009 Proskauer Rose Announces 2008 Private Equity Fundraising Statistics BOSTON Proskauer Rose LLP, a global law firm with more than 750 lawyers, announced that its Private Investment Funds Group represented sponsors in closing more than 125 funds with over $30 billion in committed capital, and closed more than 450 investments in all types of funds in ... Monday April 27, 2009 Visiogen Secures $40 Million in Equity Financing IRVINE, Calif. Visiogen, Inc. of Irvine, California, announces that it has raised $40 million from new and current investors to support the global commercialization of the Synchrony® dual optic accommodating intraocular lens (IOL). Lead investor Novartis Venture Fund ... Monday April 27, 2009 Symform Announces $1.5 Million Series A Financing SEATTLE Symform, Inc. (www.symform.com), a pioneer in decentralized cloud computing systems, today announced the completion of a $1.5 million Series A financing. OVP Venture Partners is the sole investor and OVP Managing Directors Mark Ashida and Lucinda ... Friday April 24, 2009 Mobile Monday Boston Reports $215m Invested in Local Mobile Companies in Q1 2009 BOSTON Mobile Monday Boston, the professional organization for mobile and wireless in the Boston area, today announced that $215 million was invested in Massachusetts mobile companies in Q1 2009. This figure makes Q109 the biggest for mobile investment in the last five quarters ... Thursday April 23, 2009 JumpStart Has $75 Million Impact on Northeast Ohio CLEVELAND, April 23 The investments and activities of JumpStart Inc., the Northeast Ohio venture development organization that accelerates the progress of high growth early-stage businesses, generated $75.7 million in economic output impact in 2008 in Northeast Ohio ... Wednesday April 22, 2009 Millennium Technology Value Partners Announces New Investments in Best-of-Breed Technology Companies NEW YORK Millennium Technology Value Partners, L.P., a private equity fund specializing in providing liquidity solutions to holders of illiquid private company securities, announced today that it had recently added investments in 9 new companies to its portfolio ... Tuesday April 21, 2009 Bright View Raises $4 Million Round of Financing MORRISVILLE, N.C. Microstructure-based optical film manufacturer Bright View Technologies Inc announced today it has raised $4 million in its latest round of funding ... Tuesday April 21, 2009 L Capital Invests $2 Million in iScience Interventional NEW YORK L Capital Partners, L.P., a venture capital firm in New York City, is investing $2 million in a $20 million Series F round of financing for iScience Interventional. The round is being led by Affinity Venture Group; other investors include Johnson & Johnson Development Corporation ... Tuesday April 21, 2009 Venture Capital Firms Attend EuroMedtech in Force CARLSBAD, Calif. & DUESSELDORF, Germany Already over 25 venture capitalists (VCs) are registered to attend the inaugural EuroMedtech™ 2009 partnering conference at the Maritim Hotel in Duesseldorf, Germany on June 3--4. Powered by partneringONE™, the industry’s most advanced ... Monday April 20, 2009 The Florida Venture Forum Announces Presenting Companies for 2009 Early Stage Venture Capital Conference TAMPA, Fla. The Florida Venture Forum (http://www.floridaventureforum.org) has selected 15 Florida companies to present at its Early Stage Venture Capital Conference, to be held at the Omni ChampionsGate in Orlando On May 15, 2009... Monday April 20, 2009 BlueStripe Software Secures $8 Million in Funding RTP, N.C., April 20 BlueStripe Software, the industry's leading provider of Application Service Management (ASM) solutions for today's dynamic IT infrastructures, today announced it has secured an additional $8 million in funding ... Monday April 20, 2009 Meru Networks Raises $30 Million in New Funding SUNNYVALE, Calif. Meru Networks has raised $30 million in a private funding round led by a new investor managed by Vision Capital Advisors, LLC, of New York City. Existing investors, including Clearstone Venture Partners, NeoCarta Ventures, BlueStream Ventures, The D. E. Shaw Group ... Friday April 17, 2009 Glycos Biotechnologies, Inc. Closes Series A Round of $5 Million Led by Draper Fisher Jurvetson and DFJ Mercury HOUSTON Glycos Biotechnologies, Inc. (GlycosBio) announced the closing of a $5.0 million Series A round of financing led by venture capital firms Draper Fisher Jurvetson (DFJ) and DFJ Mercury, both leading investors in early-stage clean technology companies ... Thursday April 16, 2009 Venture Capital Firms iNovia Capital and ID Capital invest $3 Million into Tribal Nova, a Children's Virtual World Company MONTREAL, April 16 Tribal Nova, a Montreal based developer and operator of parent-friendly virtual worlds and online educational gaming services for 3-12 year olds, announced today the closing of a $3 million growth financing round from iNovia Capital and ID Capital ... Thursday April 16, 2009 Lycera Closes $36 Million Series A Financing The company, which is developing novel small-molecule pharmaceuticals to treat autoimmune diseases such as rheumatoid arthritis and inflammatory bowel disease, has received $10 million as a first tranche of the financing and will receive the remainder of the proceeds in two tranches as specific milestones are met. InterWest Partners, ARCH Venture Partners ... Wednesday April 15, 2009 Ontario Venture Capital Fund Invests in Jobs of the Future EdgeStone is an Ontario-based venture capital firm investing in early and growth stage Canadian information technology companies. EdgeStone’s track record of successful investments includes Ontario-based companies such as Workbrain, SlipStream Data, Protus IP Solutions and Varicent ... Wednesday April 15, 2009 Pontiflex Closes $6.25 Million in Series B Funding BROOKLYN, N.Y. Pontiflex, creator of the online advertising industry's first open and transparent Cost-per-Lead (CPL) market, today announced the completion of $6.25 million in Series B funding led by RRE Ventures. Existing investors New Atlantic Ventures and Greenhill SAVP also participated in the round. The new capital will be used to strengthen the company's ... Wednesday April 15, 2009 Synageva BioPharma Announces $30 Million Equity Financing WALTHAM, Mass. Synageva BioPharma Corp., a privately held biopharmaceutical company, announced today the first closing of a financing raising $30 million. The financing was led by Baker Brothers Investments, a leading biotechnology investor. Other investors participating in the financing include Tullis Dickerson ... Tuesday April 14, 2009 InteliCloud Closes Series A Funding Round Led by Media One Direct NEWPORT BEACH, Calif. InteliCloud, a developer and manufacturer of next-generation network equipment, today announced the closing of its Series A round of financing led by Media One Direct, a company that is developing and building a next-generation content delivery network ... Tuesday April 14, 2009 Big Stage Entertainment Secures $2.7 Million in Series B Funding from Original Investors, Bringing Total Raised to $10.6 Million LOS ANGELES Big Stage Entertainment, Inc., a media technology company enabling consumer projection of self into digital life, has secured an additional $2.7 million in Series B funding from Mission Ventures , Selby Ventures and TechCoast Angels, its original investors ... Tuesday April 14, 2009 FastScale Technology Secures Series B Funding SANTA CLARA, Calif. FastScale® Technology, Inc., provider of award-winning software platforms for next generation data centers, today announced that it has secured $5.5 million in a Series B funding round led by ATA Ventures and joined by prior investors Leapfrog Ventures, Hunt Ventures as well as a new strategic corporate investor ... Tuesday April 14, 2009 Ravenflow Secures $6 Million in New Funding EMERYVILLE, Calif. Ravenflow, the leader in Business Requirements Definition™, today announced that it has secured $6 million in a new funding round by existing investors Alloy Ventures, Palomar Ventures, and the Roda Group ... Tuesday April 14, 2009 Goom Radio Raises More Than $16 Million in Venture Capital to Launch Internet Radio Service NEW YORK Goom Radio (www.goomradio.com), a newly founded New York-based online radio company, has secured approximately $16 million (12.2 million euros) in funding from Wellington Partners Venture Capital, Elaia Partners and Partech International in its Series A round. Goom Radio’s mission of “reinventing radio for the Internet ... Tuesday April 14, 2009 Imbera Secures USD $15 Million in Series B Funding from NorthZone, Index and Conor MELBOURNE, Fla. Imbera Electronics, the developer of patented Integrated Module Board (IMB™) technology for 3-D semiconductor packaging, announced that it has secured USD $15 million in series B funding from NorthZone Ventures, Index Ventures and Conor Venture Partners ... Monday April 13, 2009 Foundation Radiology Group Raises $10 Million in Venture Funding Led by Chrysalis Ventures PITTSBURGH, April 13 Foundation Radiology Group (FRG), a provider of diagnostic imaging professional services to hospitals, outpatient imaging centers, urgent care centers, and long-term acute care institutions, announced today that it has raised $10 million in the company's initial round of venture funding ... Monday April 13, 2009 Nuventix Secures $8 Million in New Funding AUSTIN, Texas Nuventix, Inc., innovator of SynJet® active thermal management solutions, announced today it has closed $8 million in new funding. The funding will accelerate advanced development of the company’s groundbreaking SynJet cooling technology, an active cooler of solid state lighting which uses synthetic jets to enable energy ... Monday April 13, 2009 Goldman Sachs Asset Management Closes GS Vintage Fund V Private Equity Secondaries Fund with $5.5 Billion in Capital NEW YORK Goldman Sachs Asset Management announced today that it has raised its fifth dedicated private equity secondaries fund, GS Vintage Fund V, with approximately $5.5 billion in capital commitments. Limited partners in GS Vintage Fund V include existing and new institutional and private investors throughout the Americas, Europe, ... Monday April 13, 2009 the Rubicon Project Adds on for $33 Million in Funding LOS ANGELES the Rubicon Project, an Internet advertising technology company that pioneered Ad Network Optimization, has added $13 million in venture funding bringing total financial investments to $33 million. The round includes an additional $5 million in venture funding from Clearstone Venture Partners ... Friday April 10, 2009 Molecular Templates Inc. Secures $2.5 Million in Series A Financing from Sant Ventures AUSTIN, Texas Molecular Templates Inc. (MTI), a biopharmaceutical company with a novel protein platform for the development of new cancer therapeutics, today announced it has secured $2.5 million in financing from Santé Ventures. Proceeds from this financing will be used to continue product development and conduct human clinical trials ... Friday April 10, 2009 Marinus Pharmaceuticals Raises $20 Million in Series B Financing BRANFORD, Conn., April 10 Marinus Pharmaceuticals, Inc., a developer of drugs to treat serious neurological and psychiatric disorders, today announced the close of a $20 million Series B financing. The funding comes on the heels of the Company's recent announcement of positive Phase 2a data for ganaxolone as an adjunctive therapy in adults with partial onset seizures ... Thursday April 9, 2009 Cardiola raises $2+ million from existing investors WINTERTHUR, Switzerland Cardiola AG announced today that it has raised $2.02 million (2.3 million Swiss francs) from existing investors. The cash infusion represents the first tranche of an ongoing $7.02 million (8 million Swiss francs) Series “E” financing round. The proceeds are being used to commercialize in Europe the Company’s patented m.pulse® device designed to treat ... Thursday April 9, 2009 SpineGuard Raises $11 Million and Acquires PediGuard Business Unit from SpineVision SAN FRANCISCO & PARIS SpineGuard, a French medical device start-up, announced today that it has raised a first funding round of $11 million with Crédit Agricole Private Equity (lead), Innoven Partenaires (co-lead), and A Plus Finance. The company has used part of the proceeds ... Thursday April 9, 2009 J. Hilburn Secures Investment from Battery Ventures DALLAS J.Hilburn a custom luxury men’s clothier, today announced that it has secured institutional financing from global VC firm Battery Ventures. J. Hilburn brings luxurious, high quality, personalized men’s apparel to the market at affordable prices through a combination of a direct sales force of Personal Style Advisors and an elegant ... Wednesday April 8, 2009 TouchCommerce Raises $10 Million From Sierra Ventures to Fuel Its Market Leading Online Interaction Solution AGOURA HILLS, Calif., April 8 TouchCommerce, a leader in the field of Pay for Performance Online Conversion, announced today it has raised $10 million in a financing led by new investor Sierra Ventures. The existing institutional investors Emergence Capital, Hudson Ventures, Dolphin Equity and Partech International participated in the financing as well ... Wednesday April 8, 2009 Basho Technologies, Inc. Closes on $2 Million Series B Preferred Investment Round CAMBRIDGE, Mass., April 8 Basho Technologies, Inc., today announced it has conducted an initial close of approximately $2 million on a Series B Preferred investment round. The company will use the funds for general corporate purposes and to commence sales of Basho Open ... Wednesday April 8, 2009 Spark Capital Endorses Brownsberger-Jehlen Bill to Eliminate Non-compete Clauses in Massachusetts BOSTON, April 8 Spark Capital, a venture capital firm with investments focusing on the conflux of the media, entertainment and technology industries, today officially endorsed House Bill Number 1794 lead-sponsored by State Representative William N. Brownsberger and State Senator Patricia D. Jehlen. The bill calls for the elimination of non-compete clauses in the ... Tuesday April 7, 2009 Pyxis Technology Raises $3.0M in Expansion Capital AUSTIN, Texas Pyxis Technology, Inc., an electronic design automation software (EDA) company that offers auto-routing software to developers of high-performance integrated circuits (ICs), has raised $3.0 million in financing to accelerate the deployment of its new High-performance Custom (HPC) routing product ... Tuesday April 7, 2009 OPX Biotechnologies Completes $17.5 Million Financing Round BOULDER, Colo. OPX Biotechnologies Inc., a bioproducts company, today announced the final closing of its B-round financing, raising $17.5 million to fund biofuels and green chemistry process development and demonstration. Braemar Energy Ventures led the financing. New OPX investor Altira Group LLC and earlier round participants MDV - Mohr Davidow Ventures and ... Tuesday April 7, 2009 Cianna Medical Completes Funding Round for SAVI Technology ALISO VIEJO, Calif. Cianna Medical announced today that it has successfully completed a funding round totaling more than $10 million. The funding will be used to further accelerate commercialization of the company’s proprietary SAVI™ technology for breast cancer brachytherapy ... Tuesday April 7, 2009 Knewton Raises $6 Million Round of Funding Led by Bessemer Venture Partners and Accel Partners NEW YORK Knewton (www.knewton.com), a leading online educational company, today announced it has closed a $6 million Series B round of funding. Bessemer Venture Partners is leading this round alongside returning investors Accel Partners, First Round Capital, and angel investors such as Reid Hoffman (LinkedIn Founder ... Monday April 6, 2009 Socialcast Announces Series A Venture Funding from True Ventures, Angels SAN FRANCISCO Socialcast, a leading provider of on demand social business communication software, today announced it has secured $1 million in Series A venture capital funding from True Ventures (www.trueventures.com). The investment will help Socialcast meet growing demand for its private ... Monday April 6, 2009 Northern Light Venture Capital Announces Promotion of Investing Professionals MENLO PARK, Calif. and BEIJING, April 6 Northern Light Venture Capital ("NLVC"), a leading China focused venture capital firm, today announced the promotion of two investing professionals based in China. Reflective of the firm's commitment to growing its China footprint and their contributions to the company, Elton Jiang was promoted to Managing Director and Lixin Li to Venture Partner ... Monday April 6, 2009 Centice Corporation Closes $4 Million Bridge Financing MORRISVILLE, N.C. Centice Corporation, a pioneer in drug verification and safety products, announced today the successful completion of a $4 million bridge financing from its existing investors to support ongoing commercialization efforts for its innovative PASS Rx prescription verification product for the retail pharmacy marketplace ... Monday April 6, 2009 SEPATON Secures $15.5 Million Funding Round Led by Focus Ventures MARLBOROUGH, Mass. SEPATON, Inc., the leader in enterprise-class VTL and data duplication solutions, today announced that it has closed a new round of funding, securing $15.5 million in series F financing. New investor Focus Ventures led the round while existing investors, Jerusalem Venture Partners (JVP) ... Monday April 6, 2009 Revolution Money Secures $42 Million in Series C Funding from Goldman Sachs Affiliate and Existing Investors ST. PETERSBURG, Fla. Revolution Money, the payments company backed by Steve Case’s Revolution LLC, today announced it has received $42 million in Series C funding from a Goldman Sachs affiliate (a new investor), as well as AOL co-founder Case, Revolution Money Chairman Ted Leonsis, former Charles Schwab CEO David ... Monday April 6, 2009 Cerapedics Closes $15 Million Series B Financing WESTMINSTER, Colo. Cerapedics, Inc., a privately held medical device company focused on developing and commercializing novel osteobiologic products based on its proprietary small peptide attachment factor technology platform, recently completed a round of private equity financing totaling $15 million. NGN Capital led the round and was joined by sole Series A ... Monday April 6, 2009 Glam Media Raises Additional Capital in Private Strategic Financing from Mizuho--one of World's Leading Financial Institutions SILICON VALLEY, Calif., TOKYO, and MUNICH, April 6 Glam Media, the #1 online vertical content network globally with more than 1,000 publishers, today announced that Mizuho Venture Capital, a subsidiary of Mizuho Bank, will make a substantial investment in Glam Media, Inc., the US parent company of Glam Media Japan KK and Glam Germany. ... Thursday April 2, 2009 Lilliputian Systems Secures Additional $28M in Venture Funding, Welcomes Analog Devices Founder, Ray Stata to Board of Directors and Announces the Appointment of Michael Umana as EVP and CFO WILMINGTON, Mass., April 2 Lilliputian Systems, Inc. (www.lilliputiansystemsinc.com), developer of the world's first Personal Power(TM) solution for consumer electronic (CE) devices, today announced the closing of an additional $28M in financing, the addition of Ray Stata to its Board of Directors and the appointment of Michael Umana as EVP and CFO ... Thursday April 2, 2009 Traversa Therapeutics Completes Series B Financing LA JOLLA, Calif. Traversa Therapeutics, a preclinical-stage biopharmaceutical company developing novel RNA interference (RNAi) technologies, announced today the successful completion of its Series B financing, raising $5 million. The financing was led by Morningside Venture Investments Ltd., and joined by Mesa Verde Venture Partners and ... Wednesday April 1, 2009 RedBrick Health Secures $15 Million in Series C Financing; Kleiner Perkins Caufield & Byers Leads Round MINNEAPOLIS RedBrick Health, the Health EarningsTM company, announced today that it has secured $15 million in Series C financing. New investor Kleiner Perkins Caufield & Byers (KPCB) led the round of financing, which also included participation from existing investors Highland Capital Partners ... Wednesday April 1, 2009 Venture Capital Investment in Renewable Energy Exceeds $836.1M in Q1 2009 CAMBRIDGE, Mass. Greentech Media Inc., the industry-leading online media company covering green technology news and analysis, released the most recent quarterly data showing that venture capital investment in green technologies totaled $836.1 million in 59 deals in the first quarter of 2009. The numbers are approximately back to 2007 levels ... Wednesday April 1, 2009 eToro Closes $6.3 Million Round of Financing LONDON, April 1 eToro, the fastest growing online financial trading platform, today announced it closed a $6.3 million round of financing with significant investments made by several private equity and VC investors including BRM Group and Cubit Investments ... Tuesday March 31, 2009 VantagePoint Venture Partners Adds Two Experienced Partners to CleanTech Practice SAN BRUNO, Calif., March 31 VantagePoint Venture Partners today announced that Brad Mattson, an accomplished CEO, engineer and entrepreneur, and Mark Platshon, an experienced CEO and CleanTech investor, have joined the Firm as Partners in its leading CleanTech practice ... Tuesday March 31, 2009 AirSage Closes $2.5M Financing Round ATLANTA AirSage, the world leader in patented technology which turns real-time cell phone signals into meaningful location, movement and traffic data, announced it has recently closed a $2.5 million financing round. The majority of investors for this round were angel investors from Switzerland and the United States ... Tuesday March 31, 2009 MicroTransponder Closes $2.2 Million Funding Round to Develop a Wireless Neurostimulation System for Chronic Pain DALLAS MicroTransponder Inc., a privately held medical device company, announced today that it has closed a $2.2M Series A round of funding, which brings the total investment to over $4.85M in the last 11 months. MicroTransponder is developing a wireless neurostimulation system for the treatment of chronic pain and several other ... Monday March 30, 2009 ePlanet Invests in Greetz SAN JOSE, Calif. Greetz, the online personalised, printed and posted greeting card service has attracted new capital for further growth. ePlanet Ventures together with existing shareholder Prime Technology Ventures have jointly invested substantial new capital in the company. With this capital Greetz can strengthen its position in the Dutch market ... Monday March 30, 2009 Charles River Ventures Closes Fourteenth Fund at $320 Million WALTHAM, Mass. and MENLO PARK, Calif. (March 30, 2009) – Charles River Ventures (CRV), one of the nation’s leading early-stage venture capital firms, today announced that it has closed its fourteenth fund, CRP XIV, at $320 million. The closing of CRP XIV brings the firm's total capital under management to approximately $2.1 billion ... Monday March 30, 2009 Aushon BioSystems Raises $6.5 Million in New Round of Financing BILLERICA, Mass. Aushon BioSystems, Inc., the leading provider of advanced microarray instrumentation and laboratory services for biomarker analysis, recently announced that it has received additional financing of $6.5 million. The financing was led exclusively by North Bridge Venture Partners ... Monday March 30, 2009 BioAdvance Greenhouse Announces Seed-Stage Investment in Novira Therapeutics to Advance Antiviral Drug Discovery PHILADELPHIA BioAdvance, the Biotechnology Greenhouse Corporation of Southeastern Pennsylvania, today announced a $550,000 seed-stage investment in Novira Therapeutics, Inc., an emerging life sciences company in Southeastern Pennsylvania ... Monday March 30, 2009 Pathway Medical Technologies Secures $40 Million Financing KIRKLAND, Wash. Pathway Medical Technologies, Inc., an innovator of endovascular treatments for peripheral arterial disease (PAD), today announced that it has successfully secured a $40 million Series D round of financing. This new round of funding includes participation from Forbion Capital Partners ... Monday March 30, 2009 Pliant Technology Raises $15 Million in Series C Funding to Drive Volume Production of New Enterprise Flash Drives MILPITAS, Calif., March 30 Pliant Technology, developer of Enterprise Flash Drives (EFDs), a new class of high-performance solid state storage devices for the enterprise, today announced that it has received $15 million in Series C funding. Pliant's EFDs are designed to deliver dramatically higher levels of I/O performance while meeting the growing need for ... Monday March 30, 2009 Livescribe Raises $18.6MM Funding in Q1 2009 OAKLAND, Calif. Livescribe Inc. (www.livescribe.com) announced today the closing of its Series B funding of $7.5 million by Aeris Capital, a private Switzerland-based investment company. Livescribe also secured $11.1 million in its Series A round last month led by Vantage Point Ventures Partners and Lionhart Investments Ltd. ... Thursday March 26, 2009 Lifefactory Inc., Makers of BPA Free Baby Bottles, Announces Initial Round of Venture Financing SAUSALITO, Calif. Lifefactory Inc. (formerly known as Babylife), a design and manufacturing firm of green consumer products for adults and infants including BPA free baby bottles, today announced it has completed its $750,000 initial funding round. The seed financing was led by Greenhouse Capital Partners LP, a seed and early stage venture ... Thursday March 26, 2009 Ripple TV Closes $4 Million in Venture Capital Funding from Draper Fisher Jurvetson and Trinity Ventures EL SEGUNDO, Calif. Ripple TV, a digital place-based television company that operates a national network of screens in specialty retail locations, announced today that the company has raised $4 million in venture capital funding from Draper Fisher Jurvetson and Trinity Ventures. Ripple TV’s network of digital screens delivers national news ... Thursday March 26, 2009 Visible Measures Raises $10 Million in Series C Financing BOSTON, March 26 Visible Measures, the independent third-party measurement firm for Internet video publishers, advertisers, and viral marketers, announced today that it has secured a Series C round of financing of $10 million, led by new investor Northgate Capital with participation from existing investors General Catalyst Partners and MDV-Mohr Davidow Ventures. Visible Measures ... Wednesday March 25, 2009 Sofinnova Partners Voted 2008 "European Venture Capital Firm of the Year" PARIS, March 24 Sofinnova Partners (http://www.sofinnova.fr), a Paris-based venture capital firm, announced today that it has been awarded the 2008 "European Venture Capital Firm of the Year" by the publication Private Equity International (PEI) and its on-line version, Private Equity Online (PEO) ... Wednesday March 25, 2009 Audience Closes $15 Million Round of Funding MOUNTAIN VIEW, Calif., March 25 Audience today announced it raised $15 million in Series D funding in February, bringing the total funding amount to date to $60 million. Demonstrating confidence in the company's ability to capitalize on its leadership position in a new emerging market, existing investors funded the round. Investors include New Enterprise Associates ... Wednesday March 25, 2009 Sequoia Capital's Michael Moritz Moderates Distinguished Panel of Original Silicon Valley Venture Capitalists MENLO PARK, Calif. The Western Association of Venture Capitalists (WAVC) will host a VC Legends Roundtable for the venture capital community on Wednesday, April 15th at the newly-opened Rosewood Sand Hill Hotel in Menlo Park. Sequoia Capital’s Michael Moritz will moderate a discussion with six of the venture capital industry’s earliest ... Wednesday March 25, 2009 LeisureLink Announces $6.2 Million Venture Round PASADENA, Calif. LeisureLink, Inc, the leading distribution and revenue management platform for specialty lodging suppliers, today announced that it has closed the first tranche of a $6.2 million equity investment round. The investment was led by Mission Ventures and Clearstone Venture Partners, with additional participation from other insiders ... Tuesday March 24, 2009 CoolIT Systems Closes $6.2 Million Financing CALGARY, Canada CoolIT Systems, the industry leader in advanced electronics cooling solutions, has completed a CDN $6.2M financing package. The investment was led by iNovia Capital, a leading venture capital fund manager, and included existing angel investors and AVAC Ltd ... Monday March 23, 2009 Foundation Venture Capital Group Invests in UMDNJ Company Working to Improve Leukemia Treatments NEW BRUNSWICK, N.J., March 23 Each year in the United States more than 138,000 people are diagnosed with leukemia, lymphoma or myeloma. These new cases account for 10 percent of the new total cancer cases in the U.S. per year. For several types of leukemia, the survival rate has not changed in the past 25 years ... Monday March 23, 2009 ngmoco Closes $10 Million Investment in Series B SAN FRANCISCO ngmoco, the leading publisher and developer for iPhone and iPod touch games, has raised a new round of financing led by Norwest Venture Partners with the company’s previous investors including Kleiner Perkins Caufield & Byers and Maples Investments also participating. Tim Chang of Norwest Venture Partners, has joined ... Monday March 23, 2009 Merck Serono Launches Strategic Venture Capital Fund GENEVA, Switzerland, March 23 Merck Serono, a division of Merck KGaA, Darmstadt, Germany, announced today the formation of 'Merck Serono Ventures', a strategic, corporate venture capital fund to invest in emerging biotechnology companies. The fund will support biotech start-up companies that have the potential to provide innovative products in Merck Serono's core ... Friday March 20, 2009 StrikeIron Announces $5.5M in New Funding, Record Sales Growth, Expanded Hiring and New Advanced Functionality CARY, N.C. StrikeIron, Inc., the leading provider of data-as-a-service, announced today that it has realized significant growth in spite of the challenging economy. During 2008, the company added more than 500 new customers and increased sales by nearly 300 percent. This growth coupled with the closing ... Friday March 20, 2009 AOptix Technologies Secures $12.9 Million in Venture Funding CAMPBELL, Calif. AOptix Technologies, Inc., (www.aoptix.com) a leading edge developer of advanced iris recognition systems and ultra-high bandwidth wireless optical communication solutions, today announced the close of a $12.9 million dollar financing round led by Northgate Capital of Danville, CA. Participation in the round also ... Thursday March 19, 2009 Capacity Crowd at 2009 Southeast Venture Conference Optimistic about Market ATLANTA, March 19 Investors and entrepreneurs alike were optimistic about the region's investment and entrepreneurial climate, despite the economy, at last week's Southeast Venture Conference (SEVC) held at the Intercontinental Buckhead in Atlanta. The capacity crowd of 700 consisted of national investors, regional entrepreneurs and key industry support ... Thursday March 19, 2009 China Venture Capital & Private Equity New York Forum 2009 will be held in New York soon BEIJING, March 19 The Fourth China Venture Capital and Private Equity New York Forum, organized by Zero2IPO Group, a leading integrated service provider in the China venture capital and private equity industry, is to be ceremoniously held on Apr. 28, 2009 at the Westin New York. It has drawn strong support of many prestigious institutions at home and abroad, including ... Thursday March 19, 2009 Buzznet Raises $12.5 Million; Leading Social Media Publisher Changes Name to Buzz Media to Reflect Expanded Portfolio LOS ANGELES Buzznet, which operates the web’s largest community of pop culture web sites with an audience of 40 million unique monthly users, today announced that it has changed its name to Buzz Media, Inc. The newly-named company will focus on the continued growth of its socially programmed web sites, including ... Wednesday March 18, 2009 CallMiner Speech Analytics Leadership Rewarded with Growth Funding FORT MYERS, Fla. CallMiner Inc., the leader in enterprise speech analytics today announced it has closed a Series C financing from Sigma Partners, Intersouth Partners, Inflexion Partners and a new undisclosed strategic partner. CallMiner will use the proceeds to grow their market share in the speech analytics industry ... Wednesday March 18, 2009 WhiteGlove House Call Health Raises $2.5M for Texas Expansion AUSTIN, Texas WhiteGlove House Call Health, Inc., a new provider choice in medical care that offers high-quality, affordable routine care at the home or work, announced today that it has secured $2.5M in a Series B funding. Led by HQ Investments, an early investor in MinuteClinic, the funding will be used to accelerate the growth ... Wednesday March 18, 2009 House Party Inc. Raises $3.4 Million in Series B Financing IRVINGTON, N.Y. House Party Inc. (www.houseparty.com), a leading consumer activation and experiential marketing company, today announced that it has closed a $3.4 million round of Series B financing. The round was led by Josh Weinreich, a director of the company and an investor in House Party’s Series A financing. A majority of the ... Wednesday March 18, 2009 Numerate Closes $5.5 Million Series B Financing SAN BRUNO, Calif. Numerate, Inc., a biotechnology company leveraging a novel drug engineering process to design lead-stage drug compounds, announced today that it has completed a $5.5 million Series B financing. Foundation Capital led the round and was joined by Lanza techVentures, both existing investors ... Tuesday March 17, 2009 GunBroker.com Closes Financing with Bank of America and Triton Value Partners ATLANTA GunBroker.com the world's largest online auction site and community for firearms, accessories and hunting supplies, today announced it has closed $7 million in debt financing with Bank of America. The transaction was arranged by Triton Value Partners, an Atlanta based business advisory and private equity firm ... Tuesday March 17, 2009 InstaMed Announces Osage Partners and Ashby Point Capital Have Joined Existing Investors in $6 Million Growth Equity Financing PHILADELPHIA and NEWPORT BEACH, Calif., March 17 InstaMed, the industry leading healthcare payments network and platform, announced Osage Partners, a Bala Cynwyd Pennsylvania-based venture capital firm, has joined existing InstaMed investors in the company's $6 million growth equity financing. Ashby Point Capital of Arnold Maryland also invested. The financing was led ... Tuesday March 17, 2009 TSG Consumer Partners Reports $100 Million in Equity Investments in Four Companies over Past Five Months SAN FRANCISCO SG Consumer Partners L.L.C. (“TSG”), a private equity firm that is the leading investor in branded consumer products companies said the firm has invested $100 million of equity in four high-growth small and mid-sized companies, including a recent investment concluded last week. These growth investments include companies ... Tuesday March 17, 2009 Still River Systems, Inc. Secures $33 Million in Private Financing LITTLETON, Mass., March 17 Still River Systems, Inc., a provider of proton therapy solutions, announced today the closing of a private financing round of $33 million co-led by Venrock Associates and existing investor Caxton Health and Life Sciences, with participation by CHL Medical Partners ... Tuesday March 17, 2009 Zeugma Announces Series C Funding; Total Funding Approaches $50 Million VANCOUVER, British Columbia Zeugma Systems, a supplier of open telecommunications solutions for broadband service providers (BSPs), today announced it has closed approximately $9 million as a part of its Series C funding round. This round brings total funding to date to $50 million ... Tuesday March 17, 2009 Apture Secures $4.1 Million in Series A Funding led by Clearstone Venture Partners SAN MATEO, Calif., March 17 Apture, (www.apture.com) a company with a mission to enable publishers and bloggers to easily turn flat web pages into connected multimedia experiences, announced today its Series A financing of $4.1 million led by Clearstone Venture Partners ... Tuesday March 17, 2009 OneChip Photonics Secures $19.5 Million in Venture Capital Financing from Leading Canadian and U.S. Investors OTTAWA OneChip Photonics today announced that it has secured $19.5 million in venture capital financing from leading Canadian and U.S. investors, including BDC Venture Capital, DCM, GrowthWorks Canadian Fund and Morgenthaler Ventures. This funding will enable the company to expand its operations globally and deliver the only fully ... Monday March 16, 2009 Thoma Bravo Completes Fundraising SAN FRANCISCO & CHICAGO Thoma Bravo, LLC, a leading private equity investment firm, announced today it has completed fundraising for its ninth private equity fund, Thoma Bravo Fund IX, LP. The Fund closed at its $822.5 million “hard cap” and was oversubscribed ... Monday March 16, 2009 NKT Therapeutics Closes Series A Venture Round Led by SV Life Sciences and MedImmune Ventures NEWTON, Mass. NKT Therapeutics, Inc., a privately held biotechnology company, today announced that it has closed an $8M Series A venture financing co-led by SV Life Sciences (SVLS) and MedImmune Ventures. As part of the transaction, Michael Ross, Ph.D., Managing Partner at SVLS, and Joseph Amprey, M.D., Ph.D., Senior Managing Director of MedImmune Ventures ... Friday March 13, 2009 NeoMatrix Completes Oversubscribed $15M Funding Round for HALO Breast Pap Test IRVINE, Calif. NeoMatrix announced today that it has successfully completed its C2 funding round totaling $15 million. That figure is, due to overwhelming investor demand, 50 percent more than the company's initial target of $10 million in new funding ... Thursday March 12, 2009 Transera Secures $17 Million in New Round of Funding SUNNYVALE, Calif. Transera Communications, a pioneer in on-demand virtual contact center software, today announced that it has raised $17 million in funding from Accel Partners, Apax Partners, Lighthouse Capital Partners, and Storm Ventures. The funds will be used to accelerate the company’s rapid growth and fuel investments in customer acquisition ... Thursday March 12, 2009 DriverSide.com Secures $5.3 Million in Series B Funding SAN FRANCISCO DriverSide, the only Web site built specifically for the car owner, today announced it has secured $5.3 million in Series B funding. New investor Allegis Capital led the round with participation from original investor Catamount Ventures and the company’s founders. The funding will be used towards investment in revenue-generating partnerships ... Thursday March 12, 2009 Kenta Biotech raises CHF 12 Million in Series B Private Financing BERNE, Switzerland Kenta Biotech today announced that CHF 12 Million (US $10 million) has been raised in a Series B private financing from the existing investors. The proceeds will be used for the ongoing clinical development of KBPA 101 in nosocomial pneumonia and to advance KBSA 201, a fully human IgG monoclonal antibody against methicilin-resistant ... Wednesday March 11, 2009 Blade Games World, Inc. Raises $4 Million BELLEVUE, Wash. On the heels of its company formation announcement last month, Blade Games World, Inc. (http://www.BladeGamesWorld.com) announced an initial round of investment totaling US $4 million. The round is being led by California Technology Ventures ... Wednesday March 11, 2009 Validity Secures $10 Million in Series C Financing SAN JOSE Validity Sensors, Inc., a privately-held biometric sensor company specializing in convenient, secure and reliable fingerprint authentication solutions, announced today it has completed its first closing and secured a commitment for up to $10 million in Series C financing from its current investors, including TeleSoft Partners ... Wednesday March 11, 2009 Online Social Gaming Company SuperSecret Secures $10 Million in Funding SAN FRANCISCO SuperSecret, Inc., a San Francisco-based start-up that is building the next generation of online social gaming for kids, today announced that it has secured $10 million in Series A funding led by Opus Capital, a leading early-stage venture capital firm in Menlo Park, California. SuperSecret will use the capital to fund ongoing product development ... Wednesday March 11, 2009 CircuLite Completes Initial Close on $33 Million Series C Financing Plan and Appoints Chief Medical Officer ADDLE BROOK, N.J. & AACHEN, Germany CircuLite, Inc. today announced the closing on $10.5 million in its Series C preferred stock financing. The funds are the initial close on a minimum $33 million financing plan. The Company has secured $23.5 million in insider commitments, with the balance of the round expected from new investors ... Wednesday March 11, 2009 Auditude Raises $10.5 Million From Redpoint Ventures and Greylock Partners PALO ALTO, Calif., March 11 Auditude, a leading online video management and advertising platform, today announced that it has secured an additional $10.5 million in funding. The investment, led by Redpoint Ventures along with existing investor Greylock Partners, follows Auditude's previous financing, led by Greylock in 2007 ... Tuesday March 10, 2009 AGNITIO, a Leading Voice Biometric Company, Secures 5.5 Million in Second Round of Funding MADRID, Spain Agnitio, Nauta Capital and Elaia Partners today announced that Agnitio, a leading voice biometric company headquartered in Madrid, Spain, has completed a new capital increase of € 5.5 million. This second round of funding has been led by Elaia Partners and includes a significant participation of Nauta Capital, leader of the previous ... Tuesday March 10, 2009 KPG Ventures Announces $6.0 Million in Total Seed Stage Funding for Four Promising Tech Companies SAN FRANCISCO KPG Ventures —a venture capital firm specializing in seed-stage, consumer internet companies—has added three new members to its portfolio and is investing in a second round of funding for a fourth company. Lexy, Wowd and National Payment Card Association have secured new funding from KPG ... Tuesday March 10, 2009 TopSchool Raises $7 Million in Growth Capital DENVER TopSchool, a leading SaaS provider of administrative solutions optimized for small to mid-size higher education institutions, today announced that it has secured $7 million in its second round of venture capital funding. This round was led by New World Ventures. ... Tuesday March 10, 2009 KPG Ventures Announces $1.25 Million Funding of Lexy, a Seed-Stage Company Changing the Way People Use Their Mobile Phones to Access News and Information SAN FRANCISCO KPG Ventures, a venture capital firm specializing in seed-stage, consumer internet technology companies, today announced it has funded Lexy, a company that provides a rich, mobile publishing solution which creates free, on-demand access to the Web's audio news and entertainment served ... Tuesday March 10, 2009 Oregon Investment Fund Propels US$334 Million of Capital Investments in Oregon and Pacific Northwest Companies Over 3,088 jobs in Oregon and the Pacific Northwest influenced by OIF portfolio funds. PORTLAND, Ore., March 10 The Oregon Investment Fund (OIF) entered 2009 with a healthy track record of both investments in Oregon and Pacific Northwest companies and jobs. ... Tuesday March 10, 2009 Ballast Point Ventures and North Hill Ventures Invest in FSV Payment Systems HOUSTON FSV Payment Systems, Inc. (FSV) today announced that Ballast Point Ventures and North Hill Ventures have invested a total of $6 million in the Company. FSV, a privately-held company, is an industry leader in providing open loop prepaid card processing and program management services. The Company provides payroll cards, general purpose reloadable, rebate, incentive, gift and healthcare card solutions to ... Monday March 9, 2009 Odyssey Investment Partners Closes $1.5 Billion Fourth Investment Fund NEW YORK Odyssey Investment Partners, LLC (“Odyssey”), a leading middle-market private equity firm with offices in New York City and Los Angeles, today announced the closing of Odyssey Investment Partners Fund IV, LP (“Fund IV”), a $1.5 billion private equity fund formed to pursue control-oriented investments and management buyouts of established ... Monday March 9, 2009 RazorGator Receives $10 Million Debt Extension from Hercules Technology LOS ANGELES RazorGator, an industry leader in Hard-To-Get® tickets for sold-out sports and entertainment events worldwide, announced that they have received an extension of $10 million in debt financing from Hercules Technology Growth Capital, Inc. (NASDAQ: HTGC - News), the leading specialty finance company ... Monday March 9, 2009 Surface Logix Raises $20 Million in Financing and Starts Phase 2b Clinical Trial of SLx-4090 in Dyslipidemia and Diabetes BOSTON, March 9 Surface Logix today announced that it has raised over $20 million in a combined equity and debt financing. The Company raised approximately $15 million through equity contributions by existing investors, including ARCH Venture Partners, HBM BioVentures, Healthcare Focus, Intel Capital, Saudi Venture Development Company, Unilever Technology ... Monday March 9, 2009 SynapSense Receives $7 Million in New Investments to Expand Leadership in Wireless Data Center Energy Initiatives FOLSOM, Calif. SynapSense Corporation, a leading provider of wireless energy efficiency solutions for the data center, today announced that the company has received $7 million in additional investments ... Friday March 6, 2009 University of Michigan Wolverine Venture Fund Invests in Arbor Photonics ANN ARBOR, Mich., March 6 The Wolverine Venture Fund, part of the University of Michigan's Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies, today announced participation in Arbor Photonics' Series A round of financing. Arbor Photonics is an Ann Arbor company commercializing technology that originated in the University of Michigan's ... Friday March 6, 2009 RazorGator Closes Round of Financing from Top Venture Capital Firms LOS ANGELES RazorGator, an industry leader in Hard-To-Get® tickets for sold-out sports and entertainment events worldwide, announced today that it has closed a $7.5 million financing round jointly lead by existing investors Kleiner Perkins Caufield & Byers, Oak Investment Partners, and Steamboat Ventures. The funds will be used for aggressive expansion ... Friday March 6, 2009 Tano Capital Invests US$ 2.2 Million in TongXue.com, a Rapidly-Growing Chinese Web-Based Social Networking Company SAN MATEO, Calif. Tano Capital, LLC, on behalf of Tano China Private Equity Fund I, is pleased to announce its investment of US$ 2.2 million in TongXue.com (“TongXue”), a top Chinese social networking website. Tano China Private Equity Fund I participated with a consortium of venture capital investors in investing US$ 6 million through ... Thursday March 5, 2009 MPM Capital Leads Investment in Proteon Therapeutics KANSAS CITY, Mo., March 5 MPM Capital, one of the world's largest life sciences-dedicated venture capital investors, announced today that it is the lead investor in a $38 million Series B equity financing of Proteon Therapeutics. In addition, Dr. Steven St. Peter, Managing Director of MPM Capital, has been named to the Proteon Therapeutics Board of Directors ... Thursday March 5, 2009 Tano Capital Invests in AltoBeam Technology Co., Ltd., a China-Based Designer of Digital TV Chipsets SAN MATEO, Calif. Tano Capital, LLC, on behalf of Tano China Private Equity Fund I, is pleased to announce its investment in Beijing-based AltoBeam Technology Co., Ltd. Tano participated in a US$ 8 million round of equity financing with other prominent venture capital investors, including DFJ Dragon Fund, Draper Fisher Jurvetson ... Thursday March 5, 2009 Zoom Media & Marketing Attracts $30 Million Investment to Expand Digital Networks and Make Acquisitions NEW YORK Zoom Media & Marketing (Zoom), a leading provider of targeted & digital out-of-home media and promotional programs for brand advertisers in the United States announced today that it has raised $30 million through the sale of a minority equity position in the company with a Series A financing to ABS Capital Partners, a leading ... Thursday March 5, 2009 SendMe Closes $12 Million in Growth Capital Financing Following Breakout Year of Growth SAN FRANCISCO, March 5 SendMe, Inc. (www.SendMeMobile.com), a premier mobile media company, today announced that it has secured $12 million in Series D growth capital financing. Led by new investor Triangle Peak Partners, the financing includes full participation by existing investors True Ventures, Amicus Capital, Spark Capital, and GrandBanks Capital ... Wednesday March 4, 2009 Onset Technology Raises $3M to Expand Mobile Compliance Solution WALTHAM, Mass. Onset Technology, the industry leader in smartphone compliance, today announced it has secured $3 million in a funding round led by the Cedar Fund. Onset Technology will use the capital to advance its position as the preeminent smartphone compliance and data leak prevention solution provider. The company plans to bolster its research and development ... Wednesday March 4, 2009 Conveneer Completes $4.5 Million Venture Round PALO ALTO, Calif. Conveneer, an emerging leader in technology that enables content on mobile phones to be accessed like a Web site, today announced that it has secured $4.5 million in financing. The round was led by Industrifonden, a Swedish Foundation that invests primarily in growth companies, and included Broken Arrow Venture Capital ... Wednesday March 4, 2009 Ofidium Secures A$6M Series A Funding for 100 Gigabit-per-second Telecommunications MELBOURNE, Australia Ofidium, a pioneer in increased bandwidth and reduced costs for telecommunications networks, has secured A$6 million Series A investment from Starfish Ventures. Ofidium will use the funds to commercialize its unique optical OFDM technology, to enable 100 Gigabit-per-second transmission over existing telecommunications infrastructure ... Wednesday March 4, 2009 Venrock Raises $194 Million for Healthcare Growth Fund PALO ALTO, Calif. Venrock, a premiere venture capital firm originally established as the venture arm of the Rockefeller family, today announced the formation of Venrock Healthcare Capital Partners, a $194 million venture fund dedicated to investments in publicly-held and late-stage private healthcare companies. Venrock holds one of the best known healthcare ... Wednesday March 4, 2009 Nick Sturiale and Jeb Miller Join JAFCO Ventures as General Partners PALO ALTO, Calif., March 4 JAFCO Ventures, a leading technology venture capital firm announced today that Nick Sturiale and Jeb Miller have joined the firm as General Partners ... Tuesday March 3, 2009 Hyperformix Raises $3.8 Million in Additional Funding to Accelerate Growth in Virtualization Capacity Planning AUSTIN, Texas Hyperformix, a market leader in solutions for IT capacity and performance, today announced that it has secured a new round of equity and debt funding totaling $3.8 million. The funding will be used to drive accelerated growth and market penetration for its solutions aimed at the virtualization market. New investor LTI joins existing investors ... Tuesday March 3, 2009 Zayo Group Secures New Equity Financing LOUISVILLE, Colo., March 3 Zayo Group, a regional provider of fiber based bandwidth, telecom and wholesale voice solutions, announced today that Morgan Stanley Alternative Investment Partners (Morgan Stanley AIP) has joined in a second closing to complete its recently announced Series B round of equity financing. In total, $128M of new equity was associated with the first and second closings ... Thursday February 26, 2009 Venrock Leads Investment Round in Hyper9, Mike Maples Sr. Joins Its Board of Directors AUSTIN, Texas Hyper9, Inc. (www.hyper9.com), the leading provider of management information for virtual infrastructures announced today that it has raised $8 million in a series B funding round. Venrock, a highly respected venture capital firm, led the round. Joining Venrock were current investors Matrix Partners ... Thursday February 26, 2009 BridgeCo Raises $6 Million in New Financing HUNTINGTON BEACH, Calif. BridgeCo (www.bridgeco.com), a leader in networked entertainment technology, is announcing the completion of $6 million in new financing. All of the company’s existing investors participated ... Thursday February 26, 2009 Bessemer Venture Partners Expands BVP VII Fund LARCHMONT, N.Y., Feb. 26 Bessemer Venture Partners (BVP), the oldest venture capital practice in the United States, today announced the closing of a $350 million supplement to its current fund family, BVP VII, which closed in June 2007. With the additional capital, BVP will target innovative, high-growth companies around the world ... Wednesday February 25, 2009 MarketShare Partners Announces Investment from Elevation Partners LOS ANGELES & MENLO PARK, Calif. MarketShare Partners (MSP), the industry’s leading marketing analytics firm, today announced that private equity firm Elevation Partners has made a minority equity investment in the Company. The terms of the investment were not disclosed ... Wednesday February 25, 2009 Apparent Networks Obtains Expansion Capital Investment from Leading Venture Firms WELLESLEY HILLS, Mass. Apparent Networks, Inc., the only IT performance management provider that delivers the end-to-end service insight required for today’s cloud applications, today announced that it has raised an upsized $12 million in Series C funding. Led by Egan-Managed Capital, this funding round was also fully supported by existing investors Bain Capital Ventures, JMI Equity and Business Development Bank of Canada ... Wednesday February 25, 2009 Selecta Biosciences, Inc. Closes $15.1M Series B Financing WATERTOWN, Mass. Selecta Biosciences, Inc., a privately held biopharmaceutical company developing immunomodulatory nanoparticles for the treatment and prevention of human diseases, announced today that it has secured a $15.1M Series B financing. Existing investors, Polaris Venture Partners and Flagship Ventures were joined by NanoDimension and Professor Timothy A. Springer... Wednesday February 25, 2009 Aveksa Secures $10 Million in Series C Funding WALTHAM, Mass. Aveksa, Inc., the market-leading provider of enterprise access governance solutions, announced today that it closed a $10 million Series C round of financing. FTV Capital led the round, reaffirming its strong commitment to Aveksa, which has emerged as the industry leader for governing user access to information resources for sustainable compliance... Tuesday February 24, 2009 Eiger BioPharmaceuticals Raises $7.1 Million 'A' Round PALO ALTO, Calif., Feb. 24 Eiger BioPharmaceuticals, Inc., a start-up biotechnology company developing antiviral therapies, announced that it has raised $7.1 million in a Series A financing co-led by InterWest Partners and Vivo Ventures. The two firms were instrumental in the formation of the company and recruitment of its team and are represented on the board of directors by... Tuesday February 24, 2009 Heptares Secures GBP21 Million in Series A Fund Raising to Accelerate Development of Pipeline of Small Molecules Against High-Value GPCR Drug Targets LONDON, February 24 Heptares Therapeutics Ltd, the drug discovery company focused on drugs targeting G-protein-coupled receptors (GPCRs), announces today it has raised GBP21 million (US$30 million) of equity finance in a successful Series A private round from three blue-chip international venture capital firms. Clarus Ventures led the syndicate, which includes the founding... Monday February 23, 2009 Tech Coast Angels Companies Receive More Than $1B LOS ANGELES Tech Coast Angels (TCA), the largest angel network in the United States, today announced that more than $1B has been invested in TCA-funded companies since the group’s inception in 1997. TCA members have personally invested more than $99M and venture capital firms and other private equity investors have contributed more than $960M... Thursday February 19, 2009 Genocea Biosciences Closes $23 Million Series A Financing, Names Vaccine Veteran Staph Leavenworth Bakali CEO CAMBRIDGE, Mass. Genocea Biosciences, a vaccine discovery and development company, today announced that it has raised a $23 million Series A financing led by SR One, the corporate venture arm of GlaxoSmithKline [GSK]. New investors Auriga Partners, Cycad Group, and Alexandria Real Estate Equities also participated in the financing and were joined by returning founding investors Lux... Thursday February 19, 2009 Portero Closes $6.6 Million Venture Capital Funding NEW YORK Portero, Inc., the leading online market platform for authentic branded luxury goods, announced today that it closed $6.6 million in venture capital funding. The funding round was led by LFE Capital, based in Minneapolis, with the participation of existing Portero shareholders, including The Grosvenor Fund... Wednesday February 18, 2009 NanoBio Corporation Raises $12 Million in Series B Financing ANN ARBOR, Mich., Feb. 18 NanoBio Corp., a biopharmaceutical company developing dermatological products, anti-infective treatments and intranasal vaccines, announced today that it has acquired $12 million in series B equity ... Wednesday February 18, 2009 ePlanet Ventures Invests in Sree Ramcides SAN JOSE, Calif. ePlanet Ventures, the world’s leading global venture capital firm headquartered in Silicon Valley, California, announced an investment in one of the India’s leading agro chemical companies, Sree Ramcides Chemicals Private Limited. The Company’s products are primarily used in the crop protection and plant health & nutrients space... Wednesday February 18, 2009 ePlanet Ventures Invests in FOI SAN JOSE, Calif. ePlanet Ventures, the world’s leading global venture capital firm headquartered in Silicon Valley, California, has announced investment in FOI, a leading Japanese semiconductor equipment maker specializing in etching equipment with original competitive plasma technologies. The Company is based in Kanagawa, Japan... Wednesday February 18, 2009 Formatta Closes $3 Million in Funding FAIRFAX, Va. Formatta, a leading provider of E-Forms data capture and integration software solutions, today announced it has closed $3 million in financing from existing investor Edison Venture Fund and Silicon Valley Bank. The company has now raised more than $7 million over the course of the past year. Formatta will use the funding to grow and execute its channel strategy, increase... Wednesday February 18, 2009 Jasper Design Automation Raises $7 Million in Series D Funding MOUNTAIN VIEW, Calif. Jasper Design Automation, leading EDA provider of design, verification, and reuse solutions leveraging formal technologies, today announced it has raised $7 million in Series D financing. The investment round was led by new investor, ZenShin Capital of Menlo Park. Joining the financing were existing investors: Accel Partners, Cambrian Ventures, Foundation... Tuesday February 17, 2009 KYTHERA BIOPHARMACEUTICALS Secures Additional $10M LOS ANGELES KYTHERA BIOPHARMACEUTICALS, Inc. (“KYTHERA”), a privately-held biotechnology company focused on developing and commercializing novel products in aesthetic dermatology, announced that its investors elected early to exercise their rights to ... Tuesday February 17, 2009 Oasys Closes $10 Million Financing CAMBRIDGE, Mass. Oasys Water, Inc., the leading developer of Engineered Osmosis (EOTM) desalination and water treatment technology, today announced the close of a $10 million Series A round of financing. Lead investors included Massachusetts based Flagship Ventures and Advanced Technology ... Tuesday February 17, 2009 CampusExplorer.com Secures Series B Funding to Expand Its College Web Search Portal SANTA MONICA, Calif., Feb. 17 CampusExplorer.com, the most comprehensive college search portal on the web, announced today that it has secured $2.25 million in Series B funding led by Chicago-based OCA Ventures, along with Origin Ventures and existing investor Rincon Venture Partners of Santa Barbara ... Tuesday February 17, 2009 COPAN Systems Announces an Additional $18.5m in Funding LONGMONT, Colo. COPAN Systems, the industry leader in cost-effective storage solutions for the protection and management of persistent data, today announced that it has secured $18.5 million in new capital financing. The round was led by new investor Westbury Partners and includes participation ... Tuesday February 17, 2009 ViVOtech Closes an $8.6m Extension to its Series C Round of Funding SANTA CLARA, Calif. Silicon Valley-based ViVOtech, the leading infrastructure provider for Contactless and Near Field Communication (NFC) mobile payments and promotions, announced today that it has closed an $8.6m extension to its Series C round of funding from its existing investors, bringing... Tuesday February 17, 2009 KRG Capital Partners Completes Investment in Federal Flange, Ltd. DENVER KRG Capital Partners (KRG), a Denver-based private equity firm, announced that it has completed an investment in Federal Flange, Ltd. (Federal), a leading specialty manufacturer of oilfield hardware including flanges and related components and accessories. KRG completed the... Monday February 16, 2009 Emergent Game Technologies Raises $12.5 Million in New Funding CALABASAS, Calif. Emergent Game Technologies, an acknowledged leader in the fast growing middleware market as the supplier of Gamebryo technology, which speeds the development of video games, has closed more than $12.5 million in a new round of funding... Monday February 16, 2009 Michigan Pre-Seed Capital Fund Invests in 3 More Michigan Start-Ups ANN ARBOR, Mich., Feb. 16 Three more Michigan start-up companies received investment commitments in January through the Michigan Pre-Seed Capital Fund. To date, 30 Michigan companies have received critical seed funding through the Michigan Pre-Seed Capital Fund... Monday February 16, 2009 Inventory Management Leader Yieldex Secures $8.5M in Series B Financing NEW YORK Yieldex, which provides advanced inventory management and forecasting technology solutions for addressable media, announced today the close of its Series B round of financing. The financing round of $8.5 million was led by Madrona Venture Group. New investor Amazon.com and prior investors ... Monday February 16, 2009 Vontoo Voice Marketing Secures $2 Million in Funding Led by EDF Ventures INDIANAPOLIS Vontoo, Inc., a world-class voice marketing provider, announced today it received $2 million in funding; a half million dollars more than subscribed. Venture capital firm EDF Ventures led the round of funding, more than doubling their original investment... Thursday February 12, 2009 Celerus Diagnostics Secures $5 Million Series C Financing CARPINTERIA, Calif. Celerus Diagnostics, the rapid cancer diagnostics company, today announced the completion of $5 million in financing by private investors.... Wednesday February 11, 2009 Security Innovator AlertEnterprise Receives $8 Million in Series A Funding From Opus Capital FREMONT, Calif. AlertEnterprise™, the technology leader in access controls and security, announced it has secured $8 million in Series A financing from Opus Capital, a leading early-stage venture capital firm in Menlo Park, CA. AlertEnterprise is a pioneer in the convergence of physical access ... Wednesday February 11, 2009 Vuzit Starts Year with Fresh Funding PHILADELPHIA, Feb. 11 Brent Matzelle, CEO & Founder of Vuzit, announced today that the company received funding from a mix of angel investors and economic development organizations, including Robin Hood Ventures, Innovation Philadelphia and Ben Franklin Technology Partners of Southeastern Pennsylvania... Tuesday February 10, 2009 Pontis Secures $19.65 Million in Equity Financing Led by Norwest Venture Partners GLIL YAM, Israel Pontis Ltd, a developer of software marketing systems for Communication Service Providers (CSPs), today announced that it has secured a total of $19,650,000 in equity financing. Norwest Venture Partners (NVP) led the funding round, which included investments from current shareholders Sequoia Capital... Monday February 9, 2009 FetchDog.com Announces $4 Million Financing to Power Market Development and Expand Executive Team PORTLAND, Maine FetchDog.com, a leading online destination for dog owners to shop, learn and socialize, announced today that it has closed a $4 million round of funding led by Borealis Capital Partners and Harbor Light Capital Partners. In addition to its internet site, FetchDog publishes a popular catalog for dog supplies, a $35+ billion market in the United States... Monday February 9, 2009 Telepresence Leader Teliris Receives $11 Million in New Capital From Fidelity Ventures and Columbia CapitalNEW YORK, Feb. 9 Teliris, the leading provider of telepresence solutions, announced today it has secured $11 million in new equity capital from Fidelity Ventures, Columbia Capital and an additional strategic investor. This investment is in addition to the Fidelity Ventures and Columbia Capital initial $40 million funding in 2007... Monday February 9, 2009 E-mail Security Innovator Sendio Raises $3 Million in Series B Venture Capital FundingIRVINE, Calif. Sendio, Inc., an innovative e-mail security company with solutions that incorporate the human element to totally eliminate spam and e-mail threats in the enterprise environment, announced today it secured $3 million in Series B funding from lead investor... Friday February 6, 2009 SynergEyes, Inc. Raises $13.3 Million in 'Series C' FinancingCARLSBAD, Calif., Feb. 6 SynergEyes, Inc., the high Dk hybrid contact lens manufacturer, announced today the closing of $13.3 million in Series C financing to fund the development and clinical trials for next-generation hybrid contact lens products and to expand sales and marketing efforts globally... Monday, 05 January 2009 First Institutional Round of $8 million SundaySky Ltd., a revolutionary digital video generation solution provider announced today that it has completed an $8 million Series A round of funding led by Carmel Ventures and Globespan Capital Partners. Avi Zeevi, General Partner of Carmel Ventures and Jonathan Seelig, Managing Director of Globespan Capital Partners have joined the Company’s board of directors... Wednesday February 4, 2009 F. Morgan Rodd, Jr. Joins Milestone Venture Partners as Partner NEW YORK Milestone Venture Partners, an early-stage venture capital firm, today announced the addition of its fourth General Partner, F. Morgan Rodd, a ten-year veteran of the venture capital industry. Rodd previously served as Vice President of New Ventures at E*TRADE Group, Inc. where he co-led a six person team in making investments for a $210 million venture fund... Wednesday February 4, 2009 Borrego Solar Systems Secures $14 Million in Venture Financing to Fuel Next Stage of Growth EL CAJON, Calif. Borrego Solar Systems, Inc., a leading designer and installer of grid-tied solar electric power systems, today announced that it has secured $14 million in venture financing to fuel a major geographic expansion and to support its next phase of corporate growth. The company will use the round of financing to expand its commercial and government design and installation operations into the Mid-Atlantic Region... Tuesday February 3, 2009 Pano Logic Extends Series B Funding to $18 Million MENLO PARK, Calif. Pano Logic™, the leader in server-based virtual desktop computing, today announced it has closed an extension to its Series B round of $6 million led by Foundation Capital and Goldman Sachs. This funding brings the total Series B financing to $18 million, and completes a year of phenomenal expansion for Pano Logic, which experienced quarter-over-quarter growth and has... Tuesday February 3, 2009 Record Year for US Cleantech Investments with $4.7 Billion Raised from Venture Capital in 2008 SAN FRANCISCO, Feb. 3 Venture capital investments in cleantech reached record levels in 2008 with $4.7 billion raised in 186 financing rounds -- a 68% increase in annual capital invested and a 5% increase in annual financing activity, according to an Ernst & Young LLP analysis based on data from Dow Jones Venture Source. Cleantech companies received $954 million from venture... Tuesday February 3, 2009 Wavesat Closes Significant $11.7M Round of Funding SUNNYVALE, Calif. Wavesat Inc., a leading supplier of Broadband Wireless semiconductor solutions, announced today the Company has secured its latest round of funding, raising $11.7 million CAD. Existing investors led by BDR Capital, BDC Capital and Multiple Capital participated in the round. Proceeds will be used to further strengthen the Company’s leadership position in the 4G Broadband market... Tuesday February 3, 2009 SkyCross Secures $23 Million in New Investment, Capping Record Growth Year VIERA, Fla. SkyCross, a global antenna solutions company, announced today that it has secured $23 million in financing led by Investor Growth Capital. The investment caps highly successful 2008 results for SkyCross, which reported 65 percent year-over-year revenue growth... Friday January 30, 2009 SocialMedia Networks Inc. Attracts Series B Funding Led by IDG Ventures SF and Co-Investor Charles River Ventures SAN FRANCISCO, Jan. 30 SocialMedia Networks, the largest independent social media advertising network, delivering ads within 5,000+ applications running on Facebook, Bebo, Hi5 and MySpace, today announced that it has secured Series B financing of $6 million. The investment was led by IDG Ventures SF with co-investment from Charles River Ventures... Wednesday January 28, 2009 Diagnosoft(R) Secures $4 Million in Financing and Appoints a New President and CEO MORRISVILLE, N.C. and PALO ALTO, Calif., Jan. 29 Diagnosoft, Inc., an innovator in magnetic resonance (MR) image analysis software that assists in diagnosis, staging and therapeutic monitoring of cardiovascular disease, has announced the closing of $4 million in Series B financing led by Technology Development Fund (TDF) of Cairo, Egypt. The company intends to use... Wednesday January 28, 2009 Atlas Venture Closes $283 Million Fund VIII BOSTON & LONDON Atlas Venture, an early-stage international venture capital firm, has closed its eighth fund at $283M. Atlas Venture VIII will continue the firm’s proven strategy of funding early-stage technology and life sciences start-ups in the US and Europe. Atlas Venture remains focused on partnering with talented entrepreneurs at the founding stage to build companies from the ... Wednesday January 28, 2009 The Foundry Announces New Partners and Completion of Series A Financing for Eleventh Company MENLO PARK, Calif., Jan. 28 The Foundry, LLC, a leading medical device company incubator, announced today that it has completed a $5M Series A financing for its eleventh new company, led by Morgenthaler Ventures and Split Rock Partners, and added two new Managing Partners, Erik T. Engelson and Jeffry J. Grainger. Both of the new partners have extensive experience in the... Wednesday January 28, 2009 Sittercity.com, the Inventor of Online Care, Receives Substantial Financing CHICAGO, Jan. 28 Sittercity.com, America's first and largest online caregiving network, announced today that it has closed $7.5 million in equity financing. The round was co-led by Point Judith Capital and Apex Venture Partners, and included management and previous investors... Wednesday January 28, 2009 SteadyMed Closes Strategic Funding Round WASHINGTON SteadyMed Ltd., an Israeli company based in Tel Aviv (“SteadyMed” or the “Company”), closed a $2 million round of funding from US investors. The round was led by Samson Venture Partners, LLC (“Samson Venture Partners”), the investment management arm of Becker & Associates Consulting, Inc., an FDA consulting firm in Washington, DC specializing in innovative medical devices and drugs... Wednesday January 28, 2009 Blackstreet Capital Raises $91 Million for Equity Fund BETHESDA, Md. Blackstreet Capital Management today announced that Blackstreet Capital Partners II, LP raised $91 million of equity capital in 2008. This is the first closing of the fund, which is expected grow to $125 million... Wednesday January 28, 2009 Fliqz Receives $6 Million in Series C Funding From Triangle Peak Partners and Mohr Davidow Ventures EMERYVILLE, Calif. Fliqz, the leading provider of plug-and-play video solutions, today announced it has received $6 million in Series C funding. The round was led by Triangle Peak Partners, LP and joined by existing investor Mohr Davidow Ventures (MDV). Fliqz, which has more than 35,000 online video publishers using its platform, will use the funds for product development... Wednesday January 28, 2009 Norwest Venture Partners Invests $4.2 Million in Appnomic Systems PALO ALTO, Calif. & BANGALORE, India Appnomic Systems, a leading infrastructure management services (IMS) company (formerly Vitage Technologies), announced today that it has secured $4.2 million from Norwest Venture Partners (NVP), a leading global venture capital firm. Appnomic Systems, headquartered in Bangalore, India, with operations in India, Middle East and Africa... Tuesday January 27, 2009 Vinton Street Partners Closes $11.75 million Series A Financing for CleanScapes Inc. SEATTLE, Jan. 27 Vinton Street Partners, a Seattle-based boutique investment bank, today announced that it has closed $11.75 million in Series A preferred equity financing for CleanScapes Inc. CleanScapes will use the financing to help support its rapid growth in municipal solid waste collection services. The Seattle-based company was recently awarded collection... Tuesday January 27, 2009 TriCipher Secures $12M in Venture Capital LOS GATOS, Calif., Jan. 27 TriCipher, the on-demand identity assurance and management company, just announced a $12 million round of venture funding, further validating the company's innovative technology that secures and simplifies access to online applications. This marks TriCipher's third round of funding and will help extend... Tuesday January 27, 2009 CoreXchange Raises Expansion Funding to Meet Continued Demand for Network and Colocation Services DALLAS Network infrastructure and colocation provider CoreXchange today announced that it has secured convertible debt financing from Red Barn Investments for infrastructure expansion. Terms were not disclosed... Monday January 26, 2009 SchoolNet Closes $13 Million Financing NEW YORK, Jan. 26 SchoolNet, Inc., an education technology company that helps public school districts improve efficiency and increase academic achievement, today announced that it has completed a $13 million Series D financing led by The Carlyle Group, along with other returning investors including Ascend Ventures and the New York State Common Retirement Fund and Hamilton Lane... Monday January 26, 2009 SpectraLinear Closes $10M Series C Financing SANTA CLARA, Calif. SpectraLinear Inc., a leading provider of timing solutions for the consumer, computer and communication markets, today announced that it has raised $10M in Series C financing... Monday January 26, 2009 Virtual Computer Secures $15 Million in Series B Funding, Adds Strategic Investor Citrix Systems WESTFORD, Mass. Virtual Computer Inc., the company redefining PC lifecycle management through virtualization, today announced it has secured $15 million in series B funding. The round was co-led by series A investors Highland Capital Partners and Flybridge Capital Partners with additional investment coming from strategic investor Citrix® Systems, Inc.... Monday January 26, 2009 Lucid Imagination Announces $6 Million Series A Funding from Granite Ventures and Walden International SAN MATEO, Calif. Lucid Imagination today announced that it has received $6 million in Series-A funding from Granite Ventures and Walden International with equal contributions from each company. Lucid Imagination, which launched today, is the first commercial open source company dedicated to the widely installed Apache Lucene/Solr search technology... Monday January 26, 2009 Talend Secures $12 Million in Funding to Fuel Continued Worldwide Growth and Momentum LOS ALTOS, Calif. Talend, the first provider of open source data integration software, today announced it has secured $12 million in Series C financing to help fuel further worldwide growth and company expansion. The funding round is being led by Balderton Capital, an early investor in MySQL, and existing investor AGF Private Equity bringing Talend’s total funding to more than $20 million... Monday January 26, 2009 Coulomb Technologies Secures $3.75 Million in Series A Funding Led by Estag Capital AG CAMPBELL, Calif. Coulomb Technologies today announced it has secured $3.75 million in Series A funding lead by Estag Capital AG [Berlin, Germany]. Coulomb has developed the ChargePoint™ Network, the most advanced networked vehicle charging infrastructure for plug-in vehicles. The funding will enable Coulomb to continue their aggressive rollout of their smart networked charging stations as a part of the ChargePoint Network... Thursday January 22, 2009 Spark Capital Promotes Alex Finkelstein to General Partner BOSTON, Jan. 22 Spark Capital, a venture capital firm with investments focusing on the conflux of the media, entertainment and technology industries, today announced the promotion of Alex Finkelstein to General Partner. Since joining the firm at its inception as a Principal, Finkelstein has led Spark's investments in New York-based 5min, an online how-to video company, and 8D... Wednesday January 21, 2009 Neuralitic Systems Raises Additional Funding from Blackberry Partners Fund - BBPF's US$3 million, combined with earlier contributions by Vertex Venture Capital, BDC Venture Capital and GO Capital Fund, L.P., brings total investment raised to US$10 million MONTREAL, Neuralitic Systems, a Montreal-based firm that provides cutting-edge data services analytics to mobile network operators and communication service providers, announced today that the Blackberry Partners Fund has invested US$3 million for a stake in the firm... Wednesday January 21, 2009 Trellia Raises USD $2M in Funding MONTREAL Trellia Networks (www.trellia.com), a provider of Mobile Policy Management and Enforcement (MPME) software, today announced that it received USD $2M from Skypoint Capital and BDR Capital, a venture firm created by the Solidarity Fund QFL, to support Trellia’s growth strategy... Wednesday January 21, 2009 eIQnetworks Closes $10 Million Round in Companys First Institutional Financing We are very excited to join the eIQnetworks team,” said Mike Tyrrell, a partner at Venrock who is joining eIQnetworks’ Board of Directors. “Even in today’s current economic climate, the company is growing quickly because its products solve a significant problem for large enterprises and government agencies... Friday January 16, 2009 UnboundID Secures $2 Million in Series A Funding AUSTIN, Texas UnboundID™ Corp., a developer of identity management software for internet-driven consumer-facing architectures, today announced that it has officially closed on a $2 million Series A funding round led by Silverton Partners. UnboundID will use the capital infusion for additional product development and market expansion efforts for a new class of identity management technology, which the company plans to launch in early 2009... Friday January 16, 2009 Axon Labs Becomes Zeo Inc. and Announces $8.3 Million in Series C Venture Financing BOSTON Newton-based Axon Labs, a leading innovator in sleep education and motivational sleep coaching technology, has announced its name change to Zeo Inc. on the heels of receiving $8.3 million in a Series C financing. The financing was led by Trident Capital of Palo Alto, Calif., and includes additional investment from iD Ventures America, the company’s Series B lead investor... Thursday January 15, 2009 Sharpcast Syncs With $10 Million Series AA Financing SAN MATEO, Calif. Sharpcast Inc., makers of the award-winning SugarSync online data back-up and storage, syncing and file sharing service, today announced the company has received $10 million in Series AA financing from Sigma Partners, Draper Fisher Jurvetson and Selby Ventures... Thursday January 15, 2009 Sharpcast Syncs With $10 Million Series AA Financing SAN MATEO, Calif. Sharpcast Inc., makers of the award-winning SugarSync online data back-up and storage, syncing and file sharing service, today announced the company has received $10 million in Series AA financing from Sigma Partners, Draper Fisher Jurvetson and Selby Ventures.... Thursday January 15, 2009 Schoolwires Secures $12 Million in Growth-Stage Investment, Led by Kennet Partners STATE COLLEGE, Penn., Jan. 15 Schoolwires, one of the nation's leading providers of strategic website and community management solutions for building stronger school communities, more effective schools and greater student success, announced today that it has secured $12 million in growth-stage funding. Global growth equity firm Kennet Partners led the financing, which is the company's... Thursday January 15, 2009 New Venture Partners and Unilever Ventures Invest in Unilever Spinout Company, MiLife LONDON New Venture Partners LLC, the global venture capital firm dedicated to corporate technology spinouts, and Unilever Ventures, the early stage venture arm of Unilever, today announced a joint investment in MiLife, a company focused on providing technology solutions for personalised weight management. MiLife will use the proceeds from the investment to assist with market... Wednesday January 14, 2009 Novaled AG Secured 8,5 Million Equity Financing DRESDEN, Germany Novaled AG, leader in energy saving and long living Organic Light Emitting Diodes (OLEDs) for the new generation of lighting and display products, closed its 3rd round of financing with a volume of € 8,5 million, which were exclusively provided by existing shareholders of the company. Participants to this round were eCAPITAL, TechnoStart, KfW and TUDAG... Wednesday January 14, 2009 ConSentry Closes New Funding, Attracts Top Switching Talent for Next Phase of Growth MILPITAS, Calif. Addressing the growing enterprise need for intelligent control of users and applications, ConSentry Networks today announced an additional $9.4 million in venture funding and a new management team. Accel Partners led the round and was joined by existing investors DAG Ventures, Invesco Private Capital, Northgate Capital, Translink Capital, and Vedanta Capital... Wednesday January 14, 2009 Nurien Software Secures Additional $10M in Series A-1 Funding From Leading U.S. and China VCs SEOUL, South Korea, Jan. 14 Nurien Software, a leading developer and operator of social networking and online gaming services, today announced that it has closed US$10 million in Series A-1 funding from four leading U.S. and China VC firms: Northern Light Venture Capital (NLVC), Globespan Capital Partners, New Enterprise Associates (NEA), and QiMing Venture Partners... Wednesday January 14, 2009 Boston-Power Adds $55 Million in Growth Capital Funding Will Fuel Lithium-Ion Battery Developers Global Expansion of Manufacturing, Sales, Marketing and R&D; Investment Follows News That HP Will Be First to Deliver Boston-Powers Sonata Battery in Early 2009 WESTBOROUGH, Mass. Boston-Power, Inc., the rapidly growing provider of next-generation Lithium-ion batteries, today announced $55 million in new funding... Tuesday January 13, 2009 ViVu Raises Initial Funding Round Led by Draper Fisher Jurvetson SUNNYVALE, Calif. & BANGALORE, India ViVu Inc. announced today that it has raised its initial round of funding led by Draper Fisher Jurvetson and Amidzad Partners, with participation from Quest Ventures and other angel investors, including serial entrepreneurs Bill Carrico and Amarjit Gil... Tuesday January 13, 2009 WaterHealth International Announces First Close of Series D Funding IRVINE, Calif., Jan. 13 WaterHealth International, Inc. (WHI) today announced the first close of its Series D funding for a total equity investment of more than $10 million. Two of WHI's current investors, Dow Venture Capital (Dow) and SAIL Venture Partners (SAIL) are leading the Series D financing. WHI expects the final close by March 2009... Tuesday January 13, 2009 Ubicom Secures $7 Million in Series 5 Financing Led by Major Current Investors SUNNYVALE, Calif., Jan. 13 Ubicom®, Inc., a leading provider of 32-bit embedded, multithreaded processor and software solutions for communications and media applications, announced its Series 5 financing round totaling $7 million. All major investors including August Capital, Mayfield Funds, Levensohn Venture Partners, Lehman Brothers Ventures and Investcorp Technology Partners have participated in the round... Tuesday January 13, 2009 Ze-gen Secures $20 Million in Funding to Deploy Technology BOSTON Ze-gen, Inc., which has developed commercially viable gasification technology for converting waste streams into synthesis gas, today announced that it has raised $20 million in Series B financing. The funds will be used to commercially deploy Ze-gen’s technology. Omar Zawawi Establishment (Omzest Group of Oman, a leading Middle East based global industrial conglomerate)... Monday January 12, 2009 Goodmail Systems Secures Additional $4 Million in Funding from Omidyar Network MOUNTAIN VIEW, Calif. Goodmail Systems, the creator of CertifiedEmail™, the industry’s standard class of trusted email, today announced that it has received $4 million in funding from Omidyar Network as part of a $5 million second closing of a funding round led by Bessemer Venture Partners. This brings the total investment in this round to $25 million. The new funding will enable... Monday January 12, 2009 SocialVibe Announces Closing of $8 Million Series B Financing LOS ANGELES, Jan. 12 SocialVibe announced today it has closed an $8 million Series B financing led by JAFCO Ventures with significant participation from Series A investor, Redpoint Ventures. SocialVibe is a social media monetization platform that mobilizes millions of social media consumers to simply promote, distribute and support brands and charities. The additional funds ... Monday January 12, 2009 Mersive Technologies Announces Series B Funding Round LEXINGTON, Ky., Jan. 12 Mersive Technologies today announced the close of a $4.6 million Series B round of venture capital financing. This round will fund the ongoing development and expanding delivery of the world's most accurate multi-projector alignment solution for the military simulation and commercial markets, as well as support the company's tradition of innovation in ... Monday January 12, 2009 Airborne Mobile Closes $2 Million Growth Financing Round MONTREAL Garner Bornstein, CEO of Airborne Mobile Inc., a long-time innovator and leader in the mobile media industry, today announced the closing of a $2 million growth financing round with iNovia Capital. The injection of capital will be used to finance Airborne’s new initiatives in mobile media and other business opportunities... Monday January 12, 2009 N-trig Secures $24 Million of New Funding to Fuel Hands-on Computingtm Growth in Global PC Market KFAR SABA, Israel & AUSTIN, Texas N-trig, providers of DuoSense™ technology, combining pen and capacitive touch in a single device, announced today that they have completed a fund-raising round of $24 million from investors, including Aurum Ventures, Challenger Ltd., Canaan Partners, Evergreen Venture Partners and Microsoft Corp... Monday January 12, 2009 Graphene Energy Inc., an Austin-Based Startup, Raises Seed Capital to Commercialize Graphene-Based Ultracapacitor Technology AUSTIN, Texas Graphene Energy Inc., an Austin based startup, today announced that it has successfully raised US$0.5 million seed investment from Quercus Trust and 21Ventures. It has also concluded licensing terms for Graphene-based Ultracapacitor Technology from The University of Texas at Austin and The College of William and Mary in Williamsburg, Virginia. The company is now in the ... Monday January 12, 2009 FiREapps Raises $8.75 Million in New Funding, Announces Customer Acquisitions SCOTTSDALE, Ariz. FiREapps, the leading provider of on-demand foreign exchange exposure management software solutions, has raised $8.75 million in new funding, including $7.5 in VC funding from Trilogy Equity Partners and return investor Ignition Partners, plus an additional loan facility from Silicon Valley Bank... Monday January 12, 2009 Local Online Advertising Leader Yodle Announces Completion of $10 Million Series C Financing NEW YORK Yodle, Inc., a leader in local online advertising and lead generation, announced today that it has completed a $10 million Series C funding. The round was led by JAFCO Ventures, joined by Draper Fisher Jurvetson Growth and existing investors Draper Fisher Jurvetson and Bessemer Venture Partners. The funds will be used to double investment in product and technology... Monday January 12, 2009 InSet Technologies Completes $25 Million Financing MOUNT OLIVE, N.J., Jan 12 InSet Technologies, an emerging leader in the development of programmable implantable pumps for targeted delivery of medication, announced today the closing of equity financing totaling $25 million. Clarus Ventures, a life sciences venture capital firm, led the round and was joined with a follow-on investment by FatBoy Capital... Monday January 12, 2009 Balderton Capital Announces New US$500m Fund LONDON, January 12 Balderton Capital, Europe's leading venture capital firm, today announces that it has raised US$430m in the first closing for its new fund. This is Balderton's fourth fund, having raised US$550m in December 2006, US$375m in July 2004 and US$500m in May 2000... Monday January 12, 2009 RevaHealth.com Receives 1.25 Million Investment for International Expansion. DUBLIN, Ireland RevaHealth.com has received a €1.25 million investment, led by Mianach Venture Capital and supported by Enterprise Ireland. The company welcomes this additional investment from Mianach Venture Capital, a supporter of RevaHealth.com since its founding in 2006. Enterprise Ireland is investing in RevaHealth.com as a “High Performance Start Up” company for 2008... Monday January 12, 2009 New Venture Funding for Alzheimer's Disease Drug Developer MADISON, Wis., Jan. 12 Mithridion, Inc., a drug development company focusing on serious Central Nervous System disorders, including Alzheimer's disease (AD), announced today that it held an initial closing of $2.9 million in Series B Preferred Stock financing. The company will use the funds for the clinical development of MCD-386, its lead drug candidate, aimed at stopping or ... Saturday January 10, 2009 FiREapps Raises $8.75 Million in New Funding, Announces New Customer Acquisitions SCOTTSDALE, Ariz. FiREapps, the leading provider of on-demand foreign exchange exposure management software solutions, has raised $8.75 million in new funding, including $7.5 in VC funding from Trilogy Equity Partners and return investor Ignition Partners, plus an additional loan facility from Silicon Valley Bank... Thursday January 8, 2009 ZeaChem Raises $34 Million to Build Third Generation Cellulosic Ethanol BioRefinery with Unprecedented Efficiency LAKEWOOD, Colo.ZeaChem Inc., a developer of biorefineries for the conversion of biomass into fuels and chemicals, today announced that it has raised $34 million in initial Series B financing. The funding round was co-led by venture capital investors Globespan Capital Partners and PrairieGold Venture Partners with follow-on investment by MDV-Mohr Davidow Ventures, Firelake ... Thursday January 8, 2009 Concentric Medical Closes on $15 Million Financing MOUNTAIN VIEW, Calif., Jan. 8 Concentric Medical, Inc., the global leader in devices for clot removal in ischemic stroke patients, today announced that it has completed a $15 million round of financing. The round was led by leading venture capital firm New Enterprise Associates, Inc. (NEA) and includes other existing investors and new investors... Thursday January 8, 2009 Satori Pharmaceuticals Raises $22M; Names Former Senior Pfizer Executive as CEO CAMBRIDGE, Mass., Jan. 8 Satori Pharmaceuticals Incorporated, a privately held developer of therapeutics for Alzheimer's disease, Parkinson's disease, and other neurodegenerative disorders, today announced $22 million in institutional financing. InterWest Partners, Prospect Venture Partners, and New Enterprise Associates, Inc. (NEA) co-led the round. The company's founders... Thursday January 8, 2009 Vivaldi Biosciences Enters Into Agreements for $23 Million in Series A Financing NEW YORK Vivaldi Biosciences Inc., a biotechnology company focused on the development of vaccines for influenza, today announced that it has received binding commitments for $23 million in a Series A Convertible Preferred Stock financing, of which $18,850,000 has been funded. Bay City Capital LLC and NGN Capital LLC... Wednesday January 7, 2009 Gene Security Network Completes $6M Series B Financing REDWOOD CITY, Calif. Gene Security Network, Inc. (GSN), a molecular diagnostics company using data informatics to enhance genetic testing, today announced the closing of its $6M Series B financing. Participating in the financing were existing investors Claremont Creek Ventures and Sequoia Capital as well as new investor Alafi Capital... Wednesday January 7, 2009 FTRANS Raises $3 Million From Current Investor Group; Achieves 300 Percent Growth in 2008 ATLANTA, Jan. 7 FTRANS Corp. announced today that its current investors have committed an additional $3 million in capital, which brings the total investment in FTRANS to approximately $18 million. FTRANS is backed by investments from Total Technology Ventures LLC, Greenhill SAVP and New Atlantic Ventures. All three participated in the $3 million Series C raise... Wednesday January 7, 2009 Anaphore, Inc. Announces $25 Million Series A Financing LA JOLLA, Calif. Anaphore today announced it has raised $25 million in Series A financing led by 5AM Ventures, Versant Ventures, and Apposite Capital. Proceeds from the financing will be used to accelerate development of Atrimers™ – a new class of protein therapeutics Anaphore is developing to address significant unmet medical needs in immune-mediated diseases and oncology... Wednesday January 7, 2009 RatePoint Secures $10 Million in Series B Funding NEEDHAM, Mass., Jan. 7 RatePoint, Inc., a leading provider of customer feedback and online reputation management services, today announced it has closed a $10 million Series B round of funding led by Castile Ventures of Waltham, Mass., with participation by existing investors .406 Ventures and Prism VentureWorks. RatePoint also announced that Nina Saberi, Managing General Partner of... Wednesday January 7, 2009 Intradigm Closes Final Tranche of $21.4 Million Series B Financing PALO ALTO, Calif., Jan. 7 Intradigm Corporation, a leading developer of targeted, systemic RNA interference (RNAi) therapeutics, today announced that the company has closed the final tranche of its Series B financing. Astellas Venture Management led the $2.9 million tranche, with existing investor, Lilly Ventures, also participating. The addition of these funds brings the total Series B... Wednesday January 7, 2009 Synosia Therapeutics Raises CHF32 Million in Series B Private Financing BASEL, Switzerland Synosia Therapeutics today announced the completion of a CHF32 million (USD 29 million) Series B private financing. The proceeds will be used to fund the ongoing development of its emerging portfolio of phase II clinical programmes. The financing was led by Aravis Venture and Investor Growth Capital and was joined by Swiss Helvetia Fund.... Tuesday January 6, 2009 Clean Technology Venture Investment Reaches Record $8.4 Billion in 2008 Despite Credit Crisis and Broadening Recession SAN FRANCISCO The Cleantech Group™, founders of the clean technology investment category and providers of leading global market research and other services for the clean technology ecosystem, today announced preliminary 2008 results for clean technology venture investments in North America, Europe, China and India totaling a record $8.4 billion, up 38% from $6.1 billion in 2007... Tuesday January 6, 2009 RipCode Raises $12.5 Million in Additional Financing to Accelerate Global Deployment of its Next-Generation Video Delivery Technology DALLAS RipCode, Inc., an innovator of Internet and mobile video infrastructure solutions, today announced that it has secured more than $12.5 million in additional financing to fuel worldwide market traction for the company’s breakthrough video delivery technology. Granite Ventures led the round alongside existing investors Hunt Ventures, El Dorado Ventures, Vesbridge Partners, and ATA Ventures... Monday January 5, 2009 Advanced Hydro Inc., an Austin Based Startup, Raises Seed Capital to Commercialize Anti-Fouling Dopamine Technology for Water Filtration Membranes AUSTIN, Texas Advanced Hydro Inc., an Austin based startup, today announced that it has successfully raised US$0.5 million seed investment from Quercus Trust and 21 Ventures. It has also concluded licensing terms for Dopamine Technology from The University of Texas. Now, the company is in the process of setting up pilots to demonstrate the value of this technology in the field... Monday January 5, 2009 Venture Capital Investment in Greentech and Renewable Energy Exceeds $2.5B in Q4 2008 and Reaches $7.7B for the Year Greentech Media Reports Another Strong Quarter and a Record Fundraising Year, With Green Technology and Investment as a Brightspot in the Economy. Greentech Media Reports Another Strong Quarter and a Record Fundraising Year, With Green Technology and Investment as a Brightspot in the Economy... Monday January 5, 2009 Clarus Ventures Names Two New Partners CAMBRIDGE, Mass., and SOUTH SAN FRANCISCO, Calif., Jan. 5 Clarus Ventures, LLC ("Clarus Ventures"), a leading life sciences venture capital firm, announced today the promotions of Emmett Cunningham, M.D., Ph.D., M.P.H., to Partner and Scott Requadt, J.D., M.B.A., to Transactional Partner, effective Jan. 1, 2009... Monday January 5, 2009 Mirics Secures Additional $7m Funding to Accelerate Worldwide Growth FLEET, England Mirics Semiconductor today announced that it has secured $7m of financing from its existing investor team of Acacia Capital Partners, Intel Capital and Pond Venture Partners. The funding is in addition to the $12m B-round announced in August 2007 and will enable Mirics to expand its commercial activities, and also accelerate further additions to its Mirics FlexiTVTM product line... Tuesday December 23, 2008 Motion Computing Secures $6 Million in New Funding AUSTIN, Texas Motion Computing®, a leader in mobile computing and wireless communications, announced today that it has received funding of $6 million from New Enterprise Associates (NEA), Institutional Venture Partners (IVP), G-51 Capital, and other new investors. The funds will be used to drive continued expansion into the healthcare market and support international growth opportunities... Tuesday December 23, 2008 Lab21 Successfully Closes Funding Round of 2.2m CAMBRIDGE, England Lab21, a specialist diagnostic services and products healthcare company is pleased to announce that it has closed a £2.2m round of financing from leading international private equity investors. The new funds will be used to progress its acquisition plan and to establish its US operations in South Carolina to expand its presence in the North American market... Monday December 22, 2008 KaloBios Raises Additional $12 Million in Series D Venture Financing for a New Total of $32 Million SOUTH SAN FRANCISCO, Calif. KaloBios Pharmaceuticals, Inc. today announced that the company has raised an additional $12 million in the second closing of its Series D venture financing, which along with the $20 million it raised in September brings the round to $32 million. This tranche was dominated by a new investment from Baxter International Inc. to go along with the September... Friday December 19, 2008 ONStor Secures Additional Round of Funding CAMPBELL, Calif., Dec. 19 ONStor, Inc., a leading provider of clustered NAS solutions for primary and value-tier storage for enterprises and content-rich organizations, today announced it has secured an additional round of funding from its key investors: Mayfield Fund, Foundation Capital, and Sand Hill Capital. The latest round of funding closed earlier this week... Friday December 19, 2008 JAZD Markets Closes $8M Series-A Round ANDOVER, Mass. JAZD Markets, the leader in on-line B2B directory driven marketing as a service, today announced that it has recently closed an $8 Million Series A round of investment in the company. The round of investment was jointly led by Commonwealth Capital Ventures and Pilot House Ventures... Thursday December 18, 2008 GoFish Closes $22.5 Million Equity Financing SAN FRANCISCO GoFish Corporation (OTCBB: GOFH - News)(www.gofishcorp.com), a leading digital media company, announced that it has closed its previously announced equity financing raising $22.5 million. The company completed the financing through the sale of convertible preferred stock and warrants to purchase common stock in a private placement... Thursday December 18, 2008 ProspX Secures $6.5 Million in Series A Funding Company to Deliver SaaS Applications for the $500 Billion Commercial Insurance Industry. AUSTIN, Texas ProspX, Inc., a developer of collaboration and automation applications for the commercial insurance industry, today announced that it has secured $6.5 million in Series A funding. The funding round was led by Adams Capital Management and will be ... Wednesday December 17, 2008 VCs Forecast 10% Decline In Investment >Venture capital firms predict they'll invest 10% less in 2009, says an annual survey of 400 venture capitalists by the National Venture Capital Association. They still plan to plow large sums into clean technology and life sciences, but they'll put fewer dollars into the software and ... Wednesday December 17, 2008 Tagged Inc. Secures $5 Million in Venture Debt SAN FRANCISCO, Dec. 17 Tagged Inc. announced today the company has raised $5 million in venture debt. Led by Horizon Technology Finance and Leader Ventures, the new funding will enable the company to accelerate its growth and expand the services and features of its social discovery site Tagged.com... Wednesday December 17, 2008 DMC Capital Funding Established to Provide Growth Financing and Advisory Services to Technology and Consumer Focused Companies NEW YORK, December 17 Distribution Management Consolidators, LLC today announced the launch of DMC Capital Funding, LLC a private equity growth capital firm. The firm will offer growth funding and financing to well established companies that have between US$20 million to US$200 million in... Tuesday December 16, 2008 Image Metrics Completes $6.5 Million Series B Funding Round Led by Saffron Hill Ventures LOS ANGELES Image Metrics, the leading provider of facial animation solutions for the entertainment industry, has completed a $6.5 million Series B round of funding led by Saffron Hill Ventures, the Company’s original investor. The funds will be used to enable the development of new technologies and service offerings that will... Tuesday December 16, 2008 Pioneer(R) Surgical Technology, Inc. Closes $15 Million Series B Financing MARQUETTE, Mich., Dec. 16 Pioneer Surgical Technology, Inc., a leading innovator in the design and manufacture of spinal and orthopedic implants and instruments, today announced the closing of Series B financing totaling $15 million. Pioneer attracted new participation from InvestMichigan! Growth Capital Fund (IMGCF). Previous investors Pharos Capital Group, LLC; Highlander Partners... Tuesday December 16, 2008 ESTECH Names John Pavlidis as CEO, Terry Kinninger as CFO/COO; Announces Recent Close on $11.2 Million First Tranche Financing SAN RAMON, Calif. Endoscopic Technologies, Inc. (ESTECH™), a leading provider of cardiac surgery devices, announced today that it has appointed John Pavlidis as president and chief executive officer and Terry Kinninger as chief financial officer and chief operating officer. The company also announced that in September it closed on an $11.2 million first tranche of a planned $20... Tuesday December 16, 2008 Taptu Secures Series B Funding and Appoints Chief Operating Officer to Drive Global Growth Andreas Bernstrom Chosen to Oversee Global Expansion and Extend Commercial Opportunities for the Fast Growing Mobile Search Engine. CAMBRIDGE, England Taptu, the pure-play mobile search engine, has secured £6.45m in series B funding from its existing investors 3i and Sofinnova investments and has appointed Andreas Bernstrom to the position of Chief Operating Officer (COO)... Monday December 15, 2008 Do Not Raise Tax Rates on Venture Capital Carried Interest, Urges Ohio Trade Group CLEVELAND The U.S. Congress should not raise the tax rate on venture capital carried interest, as this would undermine support for entrepreneurship, particularly in states like Ohio with fragile economies, urged the Ohio Venture Association in a position paper. The board of the Greater Cincinnati Venture Association also voted to endorse the position paper. Several proposals to... Monday December 15, 2008 Worksoft Closes Equity Funding Round with Crescendo Ventures and Austin Ventures DALLAS Worksoft, Inc., a leading provider of solutions that accelerate deployments of SAP® applications, today announced it has closed an equity round of funding from investment firms Crescendo Ventures and Austin Ventures in the midst of uncertain economic times and expects to use the funds to continue to grow the business and continue to... Monday December 15, 2008 Venture Capitalists See Revenue Growth Still Possible Amid Difficult Economic Environment Less than 20 percent of VC portfolio poised for exit in 2009 as IPO market recovery not seen for at least a year; M&A activity seen increasing as valuations drop. NEW YORK, Dec. 15 Despite the negative ramifications of the credit crisis, declining investment activity and deal volumes, and the continuing lack of exit options for venture capital firms... Monday December 15, 2008 SensorTran Closes $3.5 Million in Funding AUSTIN, Texas SensorTran, Inc., the developer of the world’s most advanced distributed temperature sensing (DTS) technologies, today announced a $3.5 million round of venture capital financing, which will be used for working capital and to accelerate the growth of SensorTran's Smart Grid and wellbore monitoring businesses... Friday December 12, 2008 SEMPRUS BioSciences Closes $8M Series A Financing CAMBRIDGE, Mass. SEMPRUS BioSciences, Corp. (SEMPRUS), a privately held biomedical company, announced today that it has secured $8 million in Series A financing co-led by 5AM Ventures and Pangaea Ventures. SEMPRUS is the developer of an innovative technology platform aimed at reducing medical device complications in areas of infections, thrombus, restenosis and bone integration.... Thursday December 11, 2008 Michigan Pre-Seed Capital Fund Invests in Three More Michigan Start-Ups ANN ARBOR, Mich., Dec. 11 Three more Michigan start-up companies recently received investment commitments through the Michigan Pre-Seed Capital Fund: Arbor Photonics, Armune Bioscience and Aursos. To date, 28 Michigan companies have received a combined $6 million in critical seed funding through the Michigan Pre-Seed Capital Fund, a collaborative effort of Michigan's 12 SmartZones... Thursday December 11, 2008 Lightwave Power, Inc. Announces Closing a Series A Investment Round with the Lead Investor Quercus Trust and 21 Ventures Co-Investing CAMBRIDGE, Mass. Lightwave Power, Inc., a company focused on commercializing breakthrough improvements to solar cells and panels, today announced the closing of a Series A Investment Round with the Quercus Trust leading the round and 21Ventures co-investing... Thursday December 11, 2008 Healionics Corporation Completes Series B Financing REDMOND, Wash. Healionics Corporation, a provider of tissue regeneration and device bio-integration solutions to healthcare manufacturers, today announced that it has raised $2.6 million in a Series B financing from private investors. The financing includes funding from several angel networks including Bellingham Angels, Alliance of Angels, Keiretsu, Tacoma Angel Network and Zino Society.... Thursday December 11, 2008 Anvato Raises $2 Million to Expand Its 'Human Eye' Search Technology to Contextual Advertising Anvato's exclusive technology enables publishers to identify and claim ownership of online videos and monetize them via contextual ads. MOUNTAIN VIEW, Calif., Dec. 11 Anvato Inc. (www.anvato.com) announced it has raised $2 million of $4 million in Series A funding ... Thursday December 11, 2008 Accel Partners Closes Two New Funds PALO ALTO, Calif. and LONDON, Dec. 11 Accel Partners, a leading global venture capital firm, today announced the closing of two new funds, Accel Growth Fund at $480 million and Accel London III at $525 million. "We're very pleased with the support of our long-time... Wednesday December 10, 2008 Embotics Raises $4 Million in Financing Led By Covington Capital Investment Will Expand Embotics Operations to Increase Enterprise Customer Reach. OTTAWA Embotics, the Virtualization Lifecycle Management™ Company, today announced the completion of an oversubscribed $4 million Series B financing round, which closed last week. This latest round, led by Covington Capital Corporation (“Covington”)... Wednesday December 10, 2008 DecisionView Announces Series D Round Investment Leading Provider of Business Performance Optimization Applications in Life Sciences Secures Capital for Continued Growth. SAN FRANCISCO, Dec. 10 DecisionView, Inc., the leading provider of business performance optimization applications for the Life Sciences industry, today announced the close of its Series D investment with Granite Ventures, Adobe Ventures and Aeris Capital... Wednesday December 10, 2008 SnapMyLife Raises Additional $5 Million in Funding Financing to further develop million user mobile-web photo-sharing community. NEEDHAM, Mass. SnapMyLife, the leading mobile photo-sharing site, today announced it has raised a new $5 million round of funding, led by current investors North Bridge Venture Partners and Carmel Ventures. This investment will be used to further expand SnapMyLife’s service with new features, stronger international presence and global partnerships... Wednesday December 10, 2008 Emotive Communications Closes Series-B Funding of $6.25M; Acquires Sennari Entertainment Provides Further Resource to Develop and Market Mobile Products for the Always-On Generation. LOS ANGELES Emotive Communications, the pioneer in developing smart media applications for mobile entertainment, has completed its second round of venture capital financing... Wednesday December 10, 2008 Jaspersoft Secures $12.5 Million in Venture Funding Adams Street leads round to fuel growth for world's most widely used business intelligence software; Red Hat makes strategic investment in open source BI leader. SAN FRANCISCO, Dec. 10 Jaspersoft, provider of the world's most widely deployed business intelligence (BI) software, today announced that it has secured $12.5 million in growth equity funding... Tuesday December 9, 2008 PhoenixESG Receives Venture Capital Investment Will Fuel Expansion and Sales Initiatives for Ground-Breaking Energy Management Technology LOS ANGELES, Dec. 9 PhoenixESG (http://www.phoenixesg.com), a firm that provides energy management, monitoring, control systems and services, announced an anchor investment from Los Angeles-based Momentum Venture Management... Tuesday December 9, 2008 Interface Biologics secures $5mm financing and appoints Thomas P. Reeves President and Chief Executive Officer TORONTO, Dec. 9 Interface Biologics Inc. a privately held developer of novel biomedical-polymers for use in implantable medical devices - is announcing that it has secured a $5mm financing round. Participating in the round were existing investors Covington Capital, VG Partners and BDC Capital... Tuesday December 9, 2008 Roost, Inc. Secures $8 Million in New Funding SAN FRANCISCO Roost, Inc. (www.roost.com), the fastest, most comprehensive search engine for finding your dream home, today announced it has secured $8 million in new funding. Led by Shasta Ventures, this investment will enable Roost to continue to revolutionize online real estate search and expand into additional markets... Tuesday December 9, 2008 Appcelerator Secures $4.1 Million in Series A Venture Funding Growth of rich Internet applications drives new investment in technology to build and manage browser, desktop and mobile applications. MOUNTAIN VIEW, Calif., Dec. 9 Appcelerator, Inc., a leading provider of open source technologies for building and managing rich Web applications, today announced it has secured $4.1 million in Series A funding, led by Storm Ventures.... Monday December 8, 2008. Expresso Fitness(R) Receives Additional $14 Million in Funding Capital to Drive Growth of Company's Portfolio. SUNNYVALE, Calif., Dec. 8 Expresso Fitness®, the leading supplier and developer of interactive cardio fitness systems, announced today that it has completed a debt and equity funding event for a total of $14M... Monday December 8, 2008. RightScale Secures $13 Million in Venture Funding Index Ventures Leads Investment to Fuel Continued Growth for the Leading Cloud Computing Management Vendor. SANTA BARBARA, Calif. RightScale, Inc., the leader in cloud computing management, today announced that it has secured $13 million in its second round of venture capital funding, led by Index Ventures.... Friday December 5, 2008. Epitherapeutics Receives Funding from Novo and SEED Capital Denmark for Cancer Drug Development in the Field of Epigenetics COPENHAGEN, Denmark Epitherapeutics Aps announced today the receipt of funding from two of the leading Danish life science investor groups, Novo A/S and SEED Capital Denmark to advance the discovery and development of new cancer treatments by leveraging breakthroughs in the field of Epigenetics... Thursday December 4, 2008, smartfundit.com Receives Investment From BayTech Venture Capital CAMBERLEY, England and MUNICH, December 4 smartfundit.com, a company dedicated to creating the world's first online finance exchange, announced it has completed a GBP3.5 million round of venture capital funding led by BayTech Venture Capital, a leading European venture capital firm.... Thursday December 4, 2008, PureWave Networks Completes a $12 Million Series B Funding Round MOUNTAIN VIEW, Calif. PureWave Networks, Inc., an innovative provider of advanced, cost-effective 4G wireless base stations, today announced that it has secured $12 million in Series B funding. Two new venture funds – ATA Ventures and Leapfrog Ventures - have joined PureWave’s existing investors, which include Allegis Capital and Benhamou Global Ventures, in successfully completing the funding round... Thursday December 4, 2008, GoFish Corporation Secures $22.5 Million Financing AN FRANCISCO GoFish Corporation (OTCBB:GOFH - News)(www.gofishcorp.com), a leading digital media company, today announced that it has secured $22.5 million in a private placement financing led by Panorama Capital, Rustic Canyon Partners and Rembrandt Venture Partners.... Thursday December 4, 2008, Technology Startups Face Steeper Challenges But Funding Opportunities Still Exist, IDC Finds FRAMINGHAM, Mass. The ongoing financial crisis presents serious challenges for venture capital firms (VCs) and venture-backed technology startups. Volatile market conditions have brought the IPO market to a standstill while tight capital markets are making it difficult for VCs to raise new funds and forcing vendors to conserve capital... Thursday December 4, 2008. LucidMedia Secures $8.8 Million in Funding to Launch Contextual Display Advertising Network and Opens Madison Avenue Sales Office RESTON, Va. & NEW YORK LucidMedia (www.lucidmedia.com), an online contextual display advertising platform and meta-network, today announced several milestones surrounding its continued growth, inclusive of the completion of $8.8 million in funding, including the value of converted debt, to support the launch and expansion of LucidMedia’s contextual advertising network; the opening of a New York City sales office on Madison Avenue... Wednesday December 3, 2008 Sambazon Announces Private Equity Funding from Verlinvest New Investment Will Support Future Growth as Sambazon Expands Distribution Across the U.S.A. SAN CLEMENTE, Calif., Dec. 3 Sambazon (www.sambazon.com), the pioneer and global market leader in acai food and beverages, announced today the initial closing of its largest round of funding to date from lead investor, Verlinvest... Wednesday December 3, 2008 Infinite Power Solutions Raises $13M in Series B Financing Enables Volume Production Ramp of Thin-film Micro-energy Cells to Power Microelectronic Devices. LITTLETON, Colo., Dec. 3 Infinite Power Solutions, Inc. (IPS), a leader in the development and commercialization of solid-state, rechargeable thin-film batteries, today announced the completion of its Series B round of financing raising $13 million in new capital to fund the ramp to volume... Wednesday December 3, 2008 Chromatin Raises $12.4 Million in Series C Financing CHICAGO Chromatin, Inc., today announced that it has completed a Series C financing round of $12.4 million, led by Quantitative Financial Strategies, Inc. (“Quant”) (Greenwich, CT), and joined by the Malaysian Life Sciences Capital Fund (“MLSCF”) and Chromatin’s existing investors Burrill & Company, Venture Investors, Unilever Technology Ventures, Foragen Technology Ventures, and Illinois Ventures... Wednesday December 3, 2008 TEL Venture Capital, Inc. Invests Additional Capital into Unidym, Plans Collaboration in LCD and Solar Industries PASADENA, Calif. Unidym, a majority owned subsidiary of Arrowhead Research Corporation (NASDAQ: ARWR - News), announced today that TEL Venture Capital, Inc., the U.S. investment arm of Tokyo Electron, has invested additional capital into the company. Concurrent with the investment, Unidym and Tokyo Electron intend to enter ... Wednesday December 3, 2008 Analytix On Demand Closes Mezzanine Funding Round IRVINE, Calif. Analytix On Demand™ (http://www.analytixondemand.com), enterprise-class business intelligence at a fraction of the cost, today announced that it has closed a mezzanine round of funding from an affiliate of Irvine ... Tuesday December 2 Early-Stage Investing Starting To Hit Brakes Venture capital is a critical part of the U.S. economy, but these are rough times. Venture firms pumped $31 billion into young companies in 2007, up 15% from 2006. This year, that figure will decline. Mark Heesen, president of the National Venture Capital Association, recently spoke with IBD about the state of the VC field. ... Tuesday December 2 Hercules Technology Growth Capital Announces Various Early Repayments Within its Technology Portfolio PALO ALTO, Calif. Hercules Technology Growth Capital, Inc. (NASDAQ: HTGC - News), the leading specialty finance company providing venture debt and equity to venture capital and private equity backed technology and life science companies at all stages of development, announced that it has received repayments from four companies within its Technology portfolio. ... Tuesday December 2 Spectrum Bridge Raises $8.1 Million in Series B Funding Round LAKE MARY, Fla. Spectrum Bridge announced today that it has raised $8.1 million of financing in a Series B funding round. In addition to all existing A round investors, Espírito Santo Ventures joined and led the B round. Spectrum Bridge’s existing A round investors include True Ventures, Telecommunications Development Fund (TDFund) and Milicom Venture Partners, in addition to members of the Spectrum Bridge management team. ... Tuesday December 2 University of Michigan's Pioneering Student-Led Venture Capital Fund Celebrates Ten Years of Investment and Innovation First and Only of its Kind, the Wolverine Venture Fund Continues to Make Strategic Investments and Provide Students with a Unique Action-Based Learning Opportunity. ANN ARBOR, Mich., Dec. 2 Charting a course for many of today's student-led venture capital funds, the Wolverine Venture Fund marks an important milestone - ten years of providing a unique learning experience for University of Michigan Ross School of Business students. ... Monday December 1 Adhezion Biomedical Completes Series A Financing WYOMISSING, Pa. Adhezion Biomedical LLC, a privately held medical device manufacturer that develops and manufactures adhesive and anti-microbial sealant products for medical applications, raised $2.1M in second tranche of $5.25M Series A round. ... Monday December 1 Clearwire Completes Transaction With Sprint Nextel and $3.2 Billion Investment to Launch 4G Mobile Internet Company KIRKLAND, Wash. Clearwire Corporation (NASDAQ:CLWRD for the first 20 trading days and CLWR thereafter) today announced that it has completed the transaction with Sprint Nextel Corporation (NYSE:S - News) to combine their next-generation wireless Internet businesses. The new company retains the Clearwire name and expects to build the first nationwide 4G mobile broadband network focused on meeting the evolving needs and demands for Internet-based communications services. ... Monday December 1 Innovative IV Catheter Receives FDA Clearance and Secures Funding from Washington Area Venture Capital Firm ROCKVILLE, Md. The Zitelman Group announced today it has led a $600,000 Series B Preferred equity round for Israel-based medical device firm, Flexicath, Ltd. Flexicath received a 510(k) clearance from FDA in October, allowing it to place its FirmGripTM sterile catheter intravenous (IV) system in the U.S. market. ... Friday November 28 Biotech VC Funding Faces Tough Market You don't hear much about funding of young biotech companies these days. No wonder, given the state of the economy. The situation for venture capital is uncertain but so far sound, says David Collier, a medical doctor and managing director of CMEA Ventures who focuses on life sciences. ... November 27 2008 iPerceptions Announces Closing of $3.65 Million Private Placement Financing and the Nomination of 2 New Directors of the Corporation NEW YORK. iPerceptions Inc., a leading provider of web-focused Voice of Customer analytics, has completed its private placement financing of convertible debentures valued at $3,650,000 from investors Mr. Skuli Mogensen, Telesystem Ltd. and 3 others. The convertible debentures are not guaranteed, bear an annual interest rate of 10% and mature on November 26, 2011. ... November 26 2008 PlaySpan Announces $16.8 Million in Series B Funding SANTA CLARA, Calif. PlaySpan, Inc. the leading provider of digital goods micro-transaction and payment solutions, announced $16.8M in Series B investment from Easton Capital Group, Menlo Ventures, Novel TMT Ventures, STIC and ... November 25 2008 Awarepoint Corporation Closes $13.3 M Series D Financing Round SAN DIEGO, Calif. Awarepoint Corporation, a principal provider of real-time location systems (RTLSs), announced it has raised $13.3 million in a Series D round of venture capital financing led by Cardinal Partners and joined by ... November 25 2008 Sezmi Secures $33 Million in New Financing BELMONT, Calif. Sezmi Corporation, creator of the first complete personal TV system, today announced that it has secured $33 million of additional financing. This amount includes new investments from Advanced Equities, Inc. and others, and ... November 25 2008 IGNIA Completes Second Closing, Bringing Fund I to US$34 Million GARZA GARCIA, Mexico. IGNIA Fund I, L.P., Latin America's first social venture completing its second closing. Investors include the Multilateral Investment Fund (MIF) fund, announced today it has reached a total of ... November 24 2008 Cmed Raises £5M Growth Capital for Timaeus Technology HORSHAM, England. Cmed Group, an organization which combines clinical research services and leading edge technology for the capture and management of clinical data, has raised £5 million in growth capital from ... November 24 2008 Ambient Secures $8.0 Million in Permanent Funding BOSTON. Ambient Corporation announced that it has raised an additional $8.0 million from Vicis Capital Master Fund (Vicis). This injection of capital follows Ambient’s strongest quarterly results to date and ... November 24 2008 Core180 Gains $2.5 Million in Financing to Support Growth FAIRFAX, Va. & HOBOKEN, N.J. Core180, the leading telecommunications network integrator, announced it has received $2.5 million line of credit from Silicon Valley Bank to be used to support ... November 21 2008 EnteroMedics Announces $20 Million Debt Financing ST. PAUL, Minn. EnteroMedics Inc. the developer of medical devices using neuroblocking technology to treat obesity and other gastrointestinal disorders, announced that the Company has closed ... November 21 2008 Goodmail Systems Secures $20 Million in Funding Round Led by Bessemer Venture Partners MOUNTAIN VIEW, Calif. Goodmail Systems, the creator of CertifiedEmail™, the industry’s standard class of trusted email, announced that it has raised $20 million in a financing round led by ... November 20 2008 Skins Closes Private Placement NEW YORK. Skins Inc. , a developer of revolutionary, patented, two-part interchangeable footwear, today announced that the Company has accepted subscription agreements for private placement units totaling $811,968 of which ... November 19 2008 Easou Raises US$12 Million in Third Round of Financing SHENZHEN, China. YETI Group Ltd. (Easou), a leading mobile search company, announced the successful completion of a third round of financing for further R&D, marketing, and geographic expansion. iD TechVentures and ... November 19 2008 Raydiance Secures $20 Million of New Funding to Support Continued Development and Commercialization of Ultrafast Laser Platform PETALUMA, Calif. Raydiance, the world’s first practical source of ultrafast light, announced today that it has secured $20 million in new funding that will allow the Company to scale its infrastructure, further evolve its technology and enhance its ability to... November 18 2008 Evergreen Venture Partners Leads $4.5 Million Second Round in Video Recommendation Solution Provider Taboola TEL AVIV, Israel. Taboola, developer of the first video recommendation solution, announces a $4.5 million second round of funding led by Evergreen Venture Partners. In this round of funding, Evergreen was joined by ... November 18 2008 Ifbyphone Secures $4.6 Million in New Round of Funding CHICAGO. In the middle of an economic slowdown and a drought in venture capital funding, Ifbyphone said today it has secured $4.6 million in a second round of institutional funding from ... November 18 2008 Advanced ID Announces $3 Million Funding Agreement with La Jolla Cove Investors CALGARY, Alberta. Advanced ID Corporation (the “Company”) , a leading developer of radio frequency identification (“RFID”) technology for livestock tracking, pet recovery and supply chain applications focusing on ... November 18 2008 Topical Dermatology Drug Developer Sol-Gel Raises $9 Million The funding will be used to accelerate Sol-Gel’s robust pipeline of innovative topical products for the dermatology market. The company’s pipeline includes a new generation of anti-acne kits that target the $1 billion acne therapy ... November 17 2008 ReGen Power Systems Receives $5 Million Equity Commitment from 21Ventures NEW SALEM, Mass. ReGen Power Systems LLC closed a significant equity financing that will enable the company to continue development of its low temperature differential engine to convert waste industrial heat to ... November 17 2008 digitalArbor Secures $5 Million of Funding to Provide Implementation Support and Production Services to the Digital Marketplace BOSTON. digitalArbor, a provider of implementation and production services to the digital advertising, marketing and content/communications market, launched today and ... November 13 2008 Groundbreaking Group of Emerging Medical Technology Companies Seeks $162.7 Million in New Financing HUNTINGTON BEACH, Calif. Life Science Intelligence (LSI) announced this month that another new group of 28 mostly privately-held medtech companies has recently been added to the EMT (Emerging Medical Technologies)® Database. According to LSI, this latest round of ... November 13 2008 Digitalsmiths Locks Up $12M Series B Funding RESEARCH TRIANGLE PARK, N.C. Digitalsmiths, the award-winning broadband video indexing, analytics and publishing technology provider, has closed a $12 million Series B round of equity financing from ... November 13 2008 StemCells, Inc. Announces $20 Million Equity Financing PALO ALTO, Calif. StemCells, Inc. announced today that it has entered into agreements to raise approximately $20 million in gross proceeds through the sale of approximately 13.8 million shares of its common stock to selected institutional investors at a price of ... November 12 2008 Flipswap Announces $14 Million Capital Investment LOS ANGELES. Flipswap, the preeminent solution for mobile device trade-ins and incentivized electronics recycling, announced today that RRE Ventures, a leading early stage technology venture capital firm, and NGEN, a leader in ... November 12 2008 ElectraTherm Secures $2.6M Series A Capital and Adds New Dealers for Renewable Power Systems CARSON CITY, Nev. ElectraTherm, Inc. today announced the successful completion of its 2008 Series A common share capital raise, totaling $2.6 million. The product of four years of successful research and development, the ElectraTherm Green Machine stands alone as ... November 12 2008 Trust Digital Adds $14.5M Million in New Funding MCLEAN, Va. Trust Digital, the leading enterprise mobility management (EMM) provider, today announced the company has secured $14.5 million in funding from Summerhill Venture Partners, Fairhaven Capital ... November 11 2008 Convergin Secures $10 Million Investment from Pitango Venture Capital for Growth-Stage Funding HERZLIYA, Israel & NEW YORK. Convergin, the leading provider of telecom service mediation and orchestration solutions, announced today that it has closed a series B round of funding totaling $10 million from ... November 11 2008 HomeAway Raises Record $250 Million in Private Financing AUSTIN, Texas. HomeAway, Inc., the world’s leading online vacation rental marketplace, today announced it has completed a $250 million equity capital raise, a record investment that reinforces the company’s leadership position in ... November 10 2008 Evolution Robotics Raises $13.88 Million from CMEA Ventures, Vodafone, Idealab and Quercus Trust PASADENA, Calif. Evolution Robotics Inc., a leading robotics technology company, announced today that the company has raised $13.88 million in new venture funding. The series B round of financing was lead by ... November 10 2008 China Housing Secures US$ 30 Million From Prax Capital, A Leading China-Focused Private Equity Firm XI'AN, China & HONG KONG. China Housing & Land Development, Inc., has entered into a framework agreement with Prax Capital China Real Estate Fund I, Ltd., (“Prax Capital”) to develop 79 acres within ... November 10 2008 iSkoot Raises $19 Million in Series C Round SAN FRANCISCO. iSkoot, a leading provider of mobile Web services, announced today that it has secured $19 million in a Series C funding round. The round was led by Vision Opportunity Master Fund and included participation from existing investors Charles River Ventures, Khosla Ventures ... November 07 2008 Environmental Solutions Worldwide Inc Completes $6 Million Dollar Funding CONCORD, Ontario. Environmental Solutions Worldwide Inc. ESW announced that on November 3, 2008, the Company completed a transaction whereby it issued $6.0 million of convertible debentures to six (6) accredited investors under Rule 506 of ... November 06 2008 GP Strategies Announces Increased $35 Million Credit Facility and Board Approval of Additional Share Repurchases Under Buyback Program ELKRIDGE, Md. GP Strategies Corporation, the parent company of global performance improvement solutions provider General Physics Corporation (GP), today announced that GP and Wachovia Bank, N.A. entered ... November 06 2008 Sequoia Capital Invests in CERNET-Koncept, Ltd. To Develop China Campus Channel BEIJING. CERNET. Koncept Ltd., the holder of exclusive rights to provide digital media services and advertising to China’s university students, have recently closed a US $6.5 million Series A round with Sequoia to expand ... November 04 2008 CIT Closes $500 Million Financing Facility with Wells Fargo Bank, N.A. NEW YORK. CIT Group Inc., a leading global commercial finance company, today announced that it closed on its previously announced $500 million financing facility with Wells Fargo Bank, N.A. on terms consistent with the commitment letter signed by ... November 04 2008 Aeolus Pharmaceuticals Completes Fourth Closing of Senior Convertible Debt Financing LAGUNA NIGUEL, Calif. Aeolus Pharmaceuticals, Inc today announced that it has raised an additional $125,000 through the sale of $125,000 in aggregate principal amount of its newly issued Senior Convertible Notes and warrants to ... November 03 2008 Palo Alto Networks Attracts Additional $10 Million in Venture Funding Investment from JAFCO Ventures, Japan Asia Investment Company (JAIC) and Northgate Capital Highlight Company Momentum and Innovation Leadership; Increases Series C Financing Total to ... November 03 2008 Tesla Motors Receives $40 Million Financing Commitment SAN CARLOS, Calif. The board of directors of Tesla Motors Inc., the nation’s leading electric vehicle manufacturer, has approved $40 million in convertible debt financing, based on commitments from almost all current major investors. The round will also be.... |
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