August 2010

Motionsoft Receives $5.5M Investment from Edison Venture Fund

August 30, 2010

Motionsoft, a Silver Spring, MD-based provider of membership management software and billing solutions to the active lifestyle industry including gyms, hospitals, and corporate wellness centers, has received a $5.5m investment from Edison Venture Fund. The new capital will be used to expand sales, marketing and development. The company currently serves over 2000 clients in the [...]

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Verdande Receives NOK19.7M Investment

August 30, 2010

Verdande Technology AS, a Trondheim, Norway-based provider of software for the oil and gas industry, has received a NOK 19.7m investment rom Investinor. The company has developed a software platform based on a technology called case-based reasoning, which make it available large amounts of historical data for predicting adverse events before they occur, make corrections [...]

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Yottaa Closes $4M Venture Funding Round

August 30, 2010

Yottaa, a Boston, MA-based cloud-computing company that provides a solution allowing users to monitor, analyze and improve site performance, closed a $4m round of venture funding. Investors include General Catalyst Partners, Stata Venture Partners and CambridgeWest Ventures. The company, which was co-founded in April 2009, by Coach Wei, an expert of Web 2.0 and Rich [...]

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iContact Receives $40M Investment from JMI Equity

August 30, 2010

iContact, a Durham, North Carolina-based provider of email marketing services for small and medium sized businesses, has received a $40m Series B strategic investment from JMI Equity. The company provides email marketing software to over 65,000 customers across the globe. Its solutions simplify and automate the process of creating, sending and tracking email communications. As [...]

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Otonomy Closes $38.5M Series B Financing

August 30, 2010

Otonomy, Inc., a San Diego, CA-based clinical stage biopharmaceutical company developing novel drug therapies for disorders of the inner and middle ear, has closed a $38.5m Series B financing. The round was co-led by Novo Ventures and RiverVest Venture Partners, with participation from Domain Associates and TPG Biotech. This financing adds to the $10m Series [...]

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Cloud Cruiser Raises Series A Funding

August 30, 2010

Cloud Cruiser, Inc., a San Francisco, CA-based cloud computing startup focusing on eliminating problems of both cloud service providers and enterprises that are implementing virtualization and cloud computing infrastructure, has closed a Series A financing round. The investment was led by Wavepoint Ventures, which joined existing angel investors. Commenting on the investment, Peter Gardner, Managing [...]

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Lineagen Raises $5M from PrairieGold Venture Partners; Closes $10.8M Series A Financing

August 30, 2010

Lineagen, Inc., a Salt Lake City, Utah-based developer of innovative genomic tests and services for the screening, evaluation and diagnosis of complex disorders and diseases including autism spectrum disorders and others, has received an additional $5m investment from PrairieGold Venture Partners. This financing brings the total amount raised by the company in its Series A [...]

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Aptus Endosystems Completes $15M Series “AA” Financing

August 30, 2010

Aptus Endosystems, Inc., a Sunnyvale, CA-based medical device company developing advanced technology for endovascular aneurysm repair (EVAR), completed a $15m Series “AA” financing.  The round was led by U.S. Venture Partners and Longitude Capital. Founded in 2002, Aptus is developing the Aptus Endovascular AAA Repair System, which provides an alternative to open surgical repair by [...]

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BizArk Launches and Receives Significant Investment

August 30, 2010

BizArk, a China-Based e-commerce start up that specializes in providing international trading solutions for Chinese companies, has received an investment of “several tens of millions of dollars” from IDG Ventures. BizArk, which formally launched on August 23rd, 2010, will use the funds to expand its presence in China and enhance it services. The company provides [...]

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EndoGastric Solutions Completes $30M Financing Round

August 30, 2010

EndoGastric Solutions (EGS), a Redwood City, CA-based developer of endoluminal procedures for the treatment of upper gastrointestinal diseases, including gastroesophageal reflux disease (GERD) and other GI disorders, has raised $30m in Series F financing. The round was co-led by Canaan Partners and Radius Ventures, with participation from existing investors Advanced Technology Ventures, MPM Capital, Foundation [...]

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