December 2010

FinSMEs: Happy New Year!

December 31, 2010

Dear Friends, Overall, thank you for having joined FinSMEs during 2010. As you can daily see, I’ve been working hard to expand the reach of this blog to more professionals interested in news related to financing for SMEs. For me, this means to follow the path I have decided to walk: (dis)cover deals and bring [...]

Appconomy Closes $1.5M First Funding Round

December 30, 2010

Appconomy, an Austin, Texas-based start up that designs, develops and sells mobile apps and components, closed its $1.5m first funding round. The proceeds from the investment, which was led by True Ventures, will enable the company to accelerate its entry into the mobile apps market for business and work based apps. Founded and led by [...]

ActaCell Recieves $3M from US Department of Commerce

December 30, 2010

ActaCell, Inc., an Austin, Texas-based technology company developing Li-Ion technologies for electric vehicle applications, has been awarded up to $3m over a 3-year period in funding from the U.S. Department of Commerce’s National Institute of Standards and Technology (NIST). The company intends to use the funds, which will come through NIST’s Technology Innovation Program (TIP), [...]

Rave Wireless Raises $4M in Equity Financing

December 30, 2010

Rave Wireless, Inc., a Framinghan, MA-based provider of safety mobile applications, has raised $4m in equity financing, according to a SEC regulatory filing. Investors are not listed in the filing but existing shareholders include Sigma Partners, Bain Capital Ventures, and RRE Ventures, whose members seat on the board of the company along with CEO Tom [...]

yuback Raises €500k in First Funding Round

December 30, 2010

yuback, a French developer of a geololation-based application that allows users to meet friends in the neighborhood and find missed meeting, has raised €500k in its first round of funding. According to local reports, investors include Vivacto Développement and Belgian business angel Sven Holland. Launched in 2009, yuback is currently available for iPhone and iPod [...]

PixelFish Raises $2.1M in Equity Funding

December 29, 2010

PixelFish, Inc., a Torrance, CA-based a full-service video production company, has raised $2.1m in equity funding, according to a S.E.C. regulatory filing. The investors remained undisclosed. The company, which launched in 2001 and re-branded as PixelFish in April 2006, performs all functions of video production including pre-, field-, post-production and media delivery. PixelFish’s solutions enable [...]

Gridstore Completed €1.5M Seed Funding Round

December 29, 2010

Gridstore, a Dublin, Ireland-based provider of enterprise-class Network Attached Storage grid (NASg) solutions, recently completed a €1.5m seed funding round. The round was led by which was led by the Ulster Bank Diageo Venture Fund, managed by NCB Ventures, with participation from Enterprise Ireland and other Irish private investors. The proceeds from the investment are [...]

6 Wunderkinder Raises €600,000

December 29, 2010

6 Wunderkinder GmbH, a Berlin, Germany-based start up that provides online and mobile working and productivity tools, closed a €500,000 second round of funding. The financing, which was led by High-Tech Gründerfonds, is followed by an additional investment of €100,000 made by undisclosed business angels. The company intends to use the funds for the technical [...]

Ferfics Raised €1.7M

December 29, 2010

Ferfics, a Cork, Ireland-based company specializing in the development of components for mobile phones and wireless devices, recently raised €1.7m in equity funding. The round, which was announced in November 2010, was led by The Ulster Bank Diageo Venture Fund, managed by NCB Ventures, with participation from the AIB Seed Capital Fund, managed by Enterprise [...]

ClearView Risk Holdings Receives $23M Investment from GCP

December 29, 2010

ClearView Risk Holdings, LLC, has received a $23m investment from GCP Capital Partners LLC (GCP). With the investment, GCP has acquired a controlling interest in the company, whose principal subsidiary is Southwest Risk, LP, a Dallas, Texas-based wholesale insurance broker that specializes in certain property and casualty coverages, including real estate and construction risks. Following [...]

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