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  • The SAVO Group Obtains $10 Million in Growth Capital from NXT Capital

    June 26th, 2013 No comments

    Boston, MA, June 26, 2013 – NXT Capital’s Venture Finance Group today announced the closing of a $10 million venture loan to The SAVO Group (“SAVO”), a leading provider of sales execution software solutions. The loan is part of a broader growth financing round from co-investors SAP Ventures and Sterling Partners, as well as banking partner Square 1 Bank. This capital will further support SAVO’s investment in expanded product launches and customer growth. SAVO’s software platform aligns marketing and sales execution to enable “Smarter Selling.” With more than a decade of sales execution experience, SAVO has built an enterprise scale platform and proprietary [...]
     

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  • Vasopharm Closes Series F Financing Round

    June 24th, 2013 No comments

    - Company receives additional €5 million for preparation of Phase III study -   Wuerzburg, Germany; June 24, 2013 – vasopharm GmbH, a privately held biopharmaceutical company focusing on novel therapeutics for the treatment of cerebro- and cardiovascular diseases, today announced the successful completion of a Series F financing round totalling €5 million (~ US$6.5 million). The round was led by existing investors HeidelbergCapital Private Equity and Entrepreneurs Fund (EF Investments S.à.r.l.). Bayern Kapital, another existing investor, also participated in the Series F round. The consortium was joined by new investors Hanseatic Asset Management LBG and Dr Andrew Clark, Chairman [...]
     

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  • NXT Capital Announces Investment in Maxymiser

    June 6th, 2013 No comments

    Boston, MA – June 5, 2013 – NXT Capital’s Venture Finance Group today announced the closing of significant growth financing facilities for Maxymiser, a leading provider of digital customer experience optimization solutions. These facilities will allow Maxymiser to further accelerate its remarkable revenue growth to date and capitalize on additional strategic growth opportunities. Maxymiser is a leading global provider of online testing, personalization and cross-channel optimization solutions. The company’s enterprise platform allows its clients to drive continuous improvements in their key online strategic goals and financial metrics. Named as a leader by Forrester Research in its February 2013 Online Testing Wave, Maxymiser’s platform is used [...]
     

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  • GiveCorps Raises 822K to Make Philanthropy Easy

    May 19th, 2013 No comments

    GiveCorps Closes Angel Round at Nearly $900,000 High-profile Angels Back GiveCorps Expansion Baltimore, Md. (May 9, 2013)—GiveCorps, a Baltimore-based startup dedicated to creating technology to make philanthropy easy and accessible to everyone, has closed a round of angel funding worth $822,000. The round allows GiveCorps to expand its team and expand the marketing of its newly launched GiveCorps.Pro platform. Investors in the round include:
    ·       The Abell Foundation
    ·       David Warnock, founder of Camden Partners
    ·       Vince Talbert, co-founder of Bill Me Later
    ·       Lou Pugliese, former CEO of Moodlerooms and former CEO of Blackboard
    ·       Frank Bonsal, Jr., co-founder of New Enterprise Associates (NEA)
    ·       Joe Hardiman, former head of the National Association of Securities Dealers
    “We’re honored to [...]
     

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  • nChannel Secures $2.4 Million in Additional Funding to Enhance Multi-Channel Product Offering and Accelerate Growth

    May 2nd, 2013 No comments

    COLUMBUS, OH – April 30, 2013 – nChannel, creator of the cloud-based multi-channel management platform, announced today the closing of a $2.4 million Series A funding round led by the Ohio TechAngels Funds.  The funding will enable the company to launch new product offerings, increase internal resources, expand customer support, and fuel revenue growth through direct sales and nChannel’s growing partner network. Through a series of SaaS connectors that integrate eCommerce, point of sale (POS) and enterprise resource planning (ERP) solutions, the nChannel multi-channel management platform enables retailers to improve visibility and streamline operations across a multi-channel environment.  In the last 12 months, nChannel processed over 833,000 subscriber order [...]
     

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  • Venture Capital Firms Combine to Form Investment Collective for Google Glass

    April 21st, 2013 No comments

    On Wednesday April 17th the internet giant and pioneer Google announced that it had begun distribution of the highly expected ‘Google Glass’, with a select number of competition winners and programmers being able to access the technology first. During the previous week, Google’s investment arm partnered with two venture capital companies in order to locate and provide financial support for entrepreneurs who wish to build programs to run on Google Glass. This partnership intends to support the business people who will come to populate the system with apps and accessories like those which reinvented the mobile phone industry. The two venture capital firms with whom Google will collaborate are Kleiner [...] 

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  • mBlox Secures $14 Million Venture Loan from NXT Capital Venture Finance

    April 18th, 2013 No comments

    Woodside, CA, April 18, 2013 – NXT Capital Venture Finance announced today the closing of a $14 million venture loan to mBlox, a leader in mobile messaging and business-to-consumer engagement. mBlox will use the proceeds from this facility to fund strategic growth initiatives. mBlox has one of the largest and most reliable global messaging platforms used by solution providers, brands and marketing and government agencies. Today, mBlox’s global network reaches more than 800 mobile operators and 5.8 billion devices to ensure the best rates, coverage and delivery for business-to-consumer SMS campaigns. mBlox’s major venture backers include Norwest Venture Partners, Scale Venture Partners and Trident Capital. Most [...]
     

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  • EveryMove Closes $3.5 million in Additional Funding and Launches Android App as It Expands Technology and Rewards Partnerships

    April 5th, 2013 No comments

    EveryMove, the Seattle-based company that offers consumers the equivalent of a mileage rewards program for their health, today announced that it has received a Series A-1 funding of $3.5-million from BlueCross BlueShield Venture Partners, Sandbox Industries, and Blue Cross and Blue Shield of Nebraska. The company also announced that it has launched the Android version of its popular EveryMove application on the Android Play Store. The Android version has the same benefits and features to the iPhone version of the app and enables users to track their physical activity, connect to other popular fitness apps and devices to earn points and convert that information into [...]
     

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  • SOPHIA CLOSES SERIES A FINANCING

    March 5th, 2013 No comments

    Atlantic Bridge Leads Investment in Next-Generation Content Analytics Solution San Jose, Calif.  – March 04, 2013 Sophia Search, the innovation leader in semantic content analysis, Chaired by industry veteran Chris Horn, today announced that it has closed a $3.7 million Series A funding round. The investment was led by Atlantic Bridge and will be used to increase marketing and sales efforts in North America and to accelerate product roll-out. Sophia’s products are unique in providing understanding and context within large sets of unstructured content. According to International Data Corporation (IDC), the global analytics market will continue to grow at a 9.8% compound annual growth rate (CAGR) through [...]
     

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  • New Relic Inc. Raises $80 Million of Funding

    February 7th, 2013 No comments

    Start-up New Relic Inc. added to its other venture funding $80 million from Insight Venture Partners and T. Rowe Price as new investor. This round of funding will be used to fund monitoring app performance on mobile devices, expand into the mobile market and extend its operations into Europe. The San Francisco new web application performance tool show IT people real time performance of the web apps and the infrastructure (servers and networks). The management of the company said that they are in a point where they wish to focus on the unique model and build an independent multibillion company. Dragoneer Investment Group LLC, Passport Ventures LLC. [...]
     

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  • First Closing Prime Ventures IV of 100 million

    January 17th, 2013 No comments

    Amsterdam, January 17, 2013.  Prime Ventures holds first closing on €100m Prime Ventures has held a first closing on its latest fund, Prime IV, on €100m. The target of the fund is €250m. Its focus is on investments in Europe.  Prime IV is the successor of Prime III which raised €156m in total in 2009.  With Prime IV the firm will continue its strategy of investing in fast growing companies in the information technology and related sectors in Europe.  Recent investments of Prime Ventures are Takeaway.com (Thuisbezorgd.nl), MarkaVIP, Mendix, Service2Media, Cint and Eutechnyx.  The independent partnership, which was founded in 1999, manages €375m from offices in the Netherlands and the UK. Tweet  

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  • Infusionsoft announces $54M in funding; Act-On CMO comments on what it means for industry

    January 9th, 2013 No comments

    Today marketing automation provider Infusionsoft announced $54m in new funding from Goldman Sachs and Arthur Ventures. This following a slew of VC, M&A and IPO activity in the marketing automation industry in the last few months – further underscoring the importance of this technology and re-affirming analyst predictions that the market will continue to grow in the coming years. Atri Chatterjee, marketing automation expert and CMO at Act-On Software (www.act-on.com) on what this means for the industry. “This is another validation that marketing automation is a hot industry,” commented Chatterjee. “Marketing automation for SMBs is an open market with huge growth opportunities largely un-penetrated, since small [...]
     

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  • ISA Pharmaceuticals Secures EUR 8 Million Funding

    January 7th, 2013 No comments

    Leiden, the Netherlands, January 7, 2013 – ISA Pharmaceuticals B.V., a clinical-stage biopharmaceutical company focusing on rationally designed therapeutic vaccines against cancer and persistent viral infections, has today announced that it has raised EUR 8 million in a follow-on round from its existing investor base.
    The proceeds will be used to fund a randomized Phase II clinical trial in cervical cancer with ISA’s lead program ISA-HPV, a therapeutic vaccine for pre-malignant diseases and cancers induced by human papilloma virus (HPV). Cervical cancer is the second most common cancer in women worldwide and is caused by HPV infection. The company has already demonstrated clinical efficacy of its HPV vaccine in [...] 

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  • Magnum Semiconductor Raises $12 Million from NXT Capital Venture Finance

    October 25th, 2012 No comments

    Woodside, CA, October 25, 2012 – NXT Capital’s Venture Finance Group today announced that it has provided a $12 million subordinated venture loan to Magnum Semiconductor, Inc.  The capital will be used to fuel the company’s global growth initiatives.  Magnum is a market and technology leader in video, audio and data compression for broadcast infrastructure networks. It develops fully integrated semiconductor and software solutions for all broadcast segments from contribution through distribution and cloud processing. Magnum’s customers include many of the leading broadcast system vendors worldwide.  Headquartered in Milpitas, California, Magnum is backed by August Capital, Investcorp Technology Ventures, Investor Growth Capital, Advanced Equities and The [...]
     

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  • Investment in software companies surpassed the $3 billion dollar mark in the third quarter.

    October 24th, 2012 4 comments

    Venture capitalists invested $12.5 billion in 1,046 global funding deals in the third quarter of 2012, based on data provided by WhoGotFunded.com. The website, which was developed by Digimind, tracks global VC deals and funding events in real-time and has amassed more than 6,000 subscribers since it launched in June. The Software industry received the highest level of funding for all industries with $3.3 billion invested during the third quarter of 2012, accounting for just over a quarter (26%) of all investment activity. The Industrial and Energy Sectors received the second highest investment amount in Q3 with $1.9 billion going into 122 deals, with an average deal amount of $16 million. Meanwhile, [...] 

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  • SV Life Sciences and Third Rock Ventures Launch Transformative Medical Device Company Cibiem with $10 Million Series A

    October 18th, 2012 No comments

    Company Using Proprietary, Minimally Invasive, Catheter-Based Approach to Treat Broad Range of Diseases NEW YORK CITY – October 17, 2012 – Cibiem, Inc. today announced the successful completion of a $10 million Series A round led by top-tier life sciences venture investors SV Life Sciences and Third Rock Ventures. The company is launching out of Coridea, a premier medical device incubator focused on innovation driven by new targets in the cardio-renal and cardio-pulmonary fields. Proceeds from the financing will be used to support development of Cibiem’s proprietary, minimally invasive, catheter-based approach focused on Carotid Body Modulation™ (CBM) for the treatment of sympathetic nervous system-mediated diseases such as hypertension, heart failure, diabetes [...]
     

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  • BuzzMob™ Secures $2 Million in Funding to Accelerate Product Development and Strategic Partnerships

    October 17th, 2012 No comments

    BuzzMob™ crowd engagement platform to double-up on targeting events, brands and venues IRVINE, Calif., Oct 16, 2012 — BuzzMob™ (www.buzzmob.com), a crowd engagement app and leader in fan technology, announced that it has secured $2 million in funding lead by Craig Cogut, founder and managing partner of Pegasus Capital Advisors.  The funding will allow BuzzMob to accelerate its focus on partnerships with event organizers, brands and venues, including stadiums and arenas, professional and collegiate sports, live music events and more. “I believe there is a huge opportunity for BuzzMob to be the leading platform delivering real-time engagement at live events,” said Cogut.  “Fans will soon get more [...]
     

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  • Clinipace Worldwide Obtains Acquisition Capital from NXT Capital Venture Finance

    October 12th, 2012 No comments

    Woodside, CA, October 10, 2012 – NXT Capital’s Venture Finance Group today announced the closing of financing to support Clinipace Worldwide’s acquisition of Paragon Biomedical, Inc.  Clinipace Worldwide, a global digital contract research organization (dCRO), has pioneered an innovative service model to transform drug and medical device development by delivering technology-amplified services to mid-tier drug development and medical device firms. Acquiring Paragon Biomedical significantly expands Clinipace’s therapeutic expertise, site management capabilities and clinical operations. This acquisition also extends Clinipace’s global footprint, adding offices in Irvine, California; High Wycombe, United Kingdom; and Trivandrum, India.  Headquartered in Morrisville, North Carolina, Clinipace is backed by Morgan Stanley Expansion Capital, [...]
     

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  • C7 Data Centers Teams with MCG Capital and Signal Peak for $25 Million in Funding

    October 3rd, 2012 No comments

    Investment Will Drive Regional Expansion Salt Lake City, Utah – October 3, 2012 – C7 Data Centers (C7), a leading provider of advanced IT and data center outsourcing services, announced today the company has secured $25 million in debt and equity funding. Coming from MCG Capital Corporation and previous investment partner Signal Peak Ventures, the new funding will enable C7 to expand its data center footprint and operations to meet the growth demands of existing and prospective clients. C7’s burgeoning client base includes a variety of iconic brands from the financial, high-tech, medical and education industries which have embraced C7’s client centric approach while providing a [...]
     

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  • Mainstay Medical Completes $20.0M (EURO 15.3M) Oversubscribed Series B Venture Financing

    September 27th, 2012 No comments

    Fountain Healthcare Partners (Ireland) lead Series B Financing Series A Financing led by Sofinnova Partners (France) in 2010 Proceeds will advance product development and clinical studies towards regulatory approval for market release in the US and Europe. Dublin, Ireland, 26th September, 2012 – Medical device company Mainstay Medical Ltd. today announced that is has successfully completed an oversubscribed Series B financing round for $20.0M (EURO 15.3M) led by Fountain Healthcare Partners (Ireland – “Fountain”). Other new investors in the Series B round include Medtronic (US – “Medtronic”), Capricorn Venture Partners (Belgium – “Capricorn”) and Seventure Partners (France - “Seventure”). Existing Series A investors Sofinnova Partners (Sofinnova - France), and Twin City Angels (TCA – Minneapolis, USA) also participated. This funding will advance [...] 

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  • Woofound Raises More than $1 Million in Latest Round of Funding

    September 13th, 2012 No comments

    Funding Includes $75,000 Investment from the Maryland Technology Development Corporation (TEDCO)  
    Baltimore, Md. (September 10, 2012)—Woofound, a maker of web and mobile products that help users discover things to do, is pleased to announce that it has raised more than $1 million in its latest round of funding, bringing the total amount raised to $2.2 million. The latest round of funding includes sources from private investors, as well as a $75,000 investment from the Maryland Technology Development Corporation (TEDCO). Woofound was among 16 Maryland startups to receive funding from TEDCO, as part of TEDCO’s Maryland Technology Transfer and Commercialization Fund (MTTCF). MTTCF provides funding to companies that [...]
     

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  • NXT Capital Venture Finance Secures $500 Million in Committed Capital to Invest in Emerging Growth Companies

    September 6th, 2012 No comments

    Boston, MA (September 6, 2012) – NXT Capital Venture Finance announced today that it has secured more than $500 million in committed capital. A leader in providing venture loans to emerging growth companies in the technology and life sciences sectors, NXT Venture Finance anticipates that this stable, long-term capital base will allow it to be a consistent, prolific provider of financing in the coming years.  The debt financing was provided by various institutional sources and the equity financing by NXT Capital, LLC.  Formed in October 2011, NXT Capital Venture Finance has provided venture loans to notable companies including Boxtone, Cayenne Medical, GreatCall, SkyCross and TradeKing.    “An uncertain IPO window, longer exits and other pressures [...] 

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  • Zscaler Secures $38 Million Investment Round

    August 31st, 2012 No comments

    New Funding from Strategic Partner and Lightspeed Ventures to Accelerate Cloud Security Provider’s Global Expansion San Jose, California (August 30, 2012) – Zscaler, the Cloud Security Company, today announced that it has secured $38 million in funding from strategic investors, including Lightspeed Ventures. The company, which has until now been exclusively funded by internal investment, is planning to use the new funding to further accelerate its go-to-market strategy with expanded sales and marketing, and further develop its cloud security offering with a high emphasis on mobility. Zscaler has grown rapidly by transforming the way enterprises address the growing complexities of delivering security to Internet-enabled users, devices and applications that operate beyond the limits of the [...] 

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  • Healthcare Expense Management Leader Patientco Receives $3.75M in funding led by BlueCross BlueShield Venture Partners and Sandbox Industries

    August 19th, 2012 No comments

    Atlanta, Georgia — August 17, 2012 – Patientco, the leading healthcare expense management solution for patients and healthcare providers, announced the closing of its Series A funding round for $3.75 million led by BlueCross BlueShield Venture Partners and Sandbox Industries. Sandbox Industries Managing Director Tom Hawes will join Patientco’s Board of Directors. Patientco simplifies the challenge of understanding healthcare expenses for patients so they pay their healthcare providers faster. Already more than one million patients across 20 states securely receive, pay and track their healthcare expenses via Patientco. Patientco’s proprietary technology integrates with physician and hospital information systems to provide a comprehensive communication, payment and reconciliation solution. “The primary reason healthcare providers don’t get paid [...] 

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  • MyHealthTeams Announces $1.75 Million in Seed Funding; Launches MyAutismTeam Mobile App

    August 14th, 2012 No comments

    Funds will help scale business and expand team; MyAutismTeam app allows parents of children with autism to connect on-the-go   San Francisco, CA—August 14, 2012—MyHealthTeams, the creators of social networks specifically for people with chronic health conditions, today announced that it has raised $1.75 million in seed funding led by private equity investors Adams Street Partners. The round will be used to scale MyHealthTeams’ business, expand the team and drive awareness of its social networks and mobile apps. Adams Street Partners is joined in the round by 500 Startups, and a list of notable angel investors, best known for their consumer technology and life science investments.  MyHealthTeams also announced the launch of the MyAutismTeam mobile app, available on iOS devices, building [...] 

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  • SkyCross Raises $3.5 Million from NXT Capital Venture Finance

    July 10th, 2012 No comments

    Woodside, CA, July 9, 2012 – NXT Capital’s Venture Finance Group today announced that it has provided a $3.5 million subordinated venture loan to SkyCross, Inc. The facility’s highly flexible structure integrates with the company’s current capitalization structure and gives SkyCross capital to drive its global growth efforts. SkyCross is a global designer and manufacturer of high-performance antenna solutions for a variety of wireless devices in the mobile phone, personal entertainment and computing industries. Through its patented iMAT antenna design technique, SkyCross produces single antenna structures that behave like multiple antennas using multiple feeds for multiple-input, multiple-output operation. This allows designers to create a [...]
     

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  • GreatCall, Inc. Obtains $7 Million Venture Loan From NXT Capital Venture Finance

    June 24th, 2012 No comments

    Boston, MA, June 20, 2012 – NXT Capital’s Venture Finance Group today announced the closing of a $7.0 million subordinated venture loan to GreatCall, Inc. GreatCall will use the additional capital to expedite growth in an expanding portfolio of next generation health and wellness wireless services for consumers. GreatCall serves the mature population, providing inexpensive, easy-to-use wireless devices and services that do not require long-term contracts. The company focuses on simplicity and offers a human touch for every service it provides. All of GreatCall’s devices, personalized services and customizable applications are easy to set up, easy to use and help keep customers connected, safe [...]
     

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  • Embotics Secures $8.4M in Financing from VentureLink, Covington, Private Investors

    June 14th, 2012 No comments

    Investment to Boost Global Sales, Marketing Efforts and Expand Software Engineering Team Ottawa, June 12, 2012 – Embotics Corporation, a leader in virtualization and private cloud management, today announced that it has closed $8.4 million in equity financing. Bringing Embotics’ total financing-to-date to $18 million, this latest round includes $2.5 million from VentureLink LP and $2.5 million from Covington Fund II Inc. (Covington), with the remainder of the funds coming from other private investors. Embotics will use the funding to accelerate global sales and marketing efforts, as well as to hire more software engineers. This mix of pragmatic growth, strategic marketing and sales investments [...]
     

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  • GEMVARA ANNOUNCES $25 MILLION IN SERIES D FUNDING LED BY NORWEST VENTURE PARTNERS

    June 5th, 2012 1 comment

    Online Fine Jeweler Redefines Customer Shopping Experience Boston, MA; June 4, 2012 – Gemvara, Inc., the leading online retailer of customizable fine jewelry, announces the closing of a $25 million oversubscribed round of Series D funding. Led byNorwest Venture Partners (NVP), a global venture and growth equity investment firm, the round also involves participation from all existing investors including Highland Capital Partners, Canaan Partners and Balderton Capital. Sergio Monsalve of Norwest Venture Partners will join Gemvara’s Board of Directors. Gemvara plans to use the capital to further enhance all aspects of the customer shopping experience and continue to drive innovation that will bring the jewelry industry to the cutting [...]
     

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  • Solantro Semiconductor Secures $10 Million Series A Financing for Rollout of Chipsets for Solar PV Module Integrated Electronics

    June 1st, 2012 No comments

    May 22, 2012, Ottawa, Canada: Solantro Semiconductor Corp. (Solantro) today announced the completion of its Series A Financing in the amount of $10 Million. This funding was led by Black Coral Capital, and included participation from Presidio Ventures (a Sumitomo Corporation company), Business Development Bank of Canada (BDC) and Export Development Canada (EDC). Solantro designs, manufactures and markets semiconductor chipsets and Reference Designs for use within distributed Solar PV power conversion equipment. Working with sophisticated and visionary cleantech investors like Black Coral, Presidio, BDC and EDC proivdes ideal partnerships to bring our disruptive PV module integrated electronic chipsets technology to market.” Antoine Paquin, CEO, [...]
     

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