February 2011

DynamicOps Closes $11M Series B Funding Round

February 28, 2011

DynamicOps, a Burlington, MA-based provider of private cloud automation software, has closed an $11m Series B venture funding round. The round was led by Sierra Ventures, with participation from Next World Capital, which joined Credit Suisse’s Next II venture group in ownership. The company intends to use the capital to expand global sales, marketing and [...]

Francisco Partners Closes $2.0BN Middle-Market Technology Fund

February 28, 2011

Francisco Partners, a San Francisco, CA-based global private equity firm focused exclusively on information technology investments, held the final close of its third fund at $2.0 billion. Francisco Partners III, L.P. (FP III) focuses on providing capital to middle market information technology and technology-enabled services businesses pursuing opportunities globally, both as stand-alone investments and as [...]

Clickatell Raises $12M in Series B Funding

February 28, 2011

Clickatell, a provider of Personalized Priority Messaging-based services to enable financial transactions over the mobile phone in developing countries, has raised $12m in a Series B venture funding round. The round was led by Sequoia Capital and DAG Ventures. The company intends to use the funds to continue to expand into new service areas and [...]

PointClickCare Receives Minority Investment from JMI Equity

February 28, 2011

PointClickCare, a Mississauga, ON, Canada-based electronic health record (EHR) platform for the long-term care industry, has received a minority investment of undisclosed amount from JMI Equity. The company intends to use the funds to continue to expand its software-as-a-service (SaaS) products and services and also grow through inorganic opportunites. In conjunction with the funding, JMI [...]

SAW Instrument Closes €1M Second Financing Round

February 28, 2011

SAW Instrument GmbH, a Bonn, Germany-based company that develops, manufactures and sells innovative analytical systems for the markets of the life sciences, has closed a €1m second round of financing. Investors include existing backers KI Kapital, and HTGF and new shareholder KfW. The company intends to use the funds to expand sales & marketing activities [...]

Maintenance Assistant Completes First Financing Round

February 28, 2011

Maintenance Assistant Inc., a Toronto, Ontario, Canada-based Enterprise 2.0 community for computerized maintenance and electronic asset management (EAM), completed its first round of expansion capital financing. The round was led by Verdexus, with participation from the Golden Triangle Angelnet Niagara Venture Forum and the company’s management. Maintenance Assistant intends to use the funds to expand [...]

Intuity Medical Secures $20m Credit Facility

February 28, 2011

Intuity Medical, Inc., a Sunnyvale, CA-based company developing innovative technologies in diabetes management, has secured a $20m credit facility from Silicon Valley Bank and Oxford Finance Corporation. The company intends to use the funds to complete clinical trials and commercialize POGO™, a fully-integrated blood glucose monitoring system, which is designed to give patients with diabetes [...]

Funium Raises $1.2M in Seed Funding

February 28, 2011

Funium, a San Francisco, CA-based Facebook games developer, has raised $1.2m in seed funding. The round was led by Family Odyssey, with additional participation from FamilyLink. The company intends to use the funds to accelerate development and expansion of its Facebook game, Family Village , which enables players to explore their own family tree while [...]

ProspX Raises $8M in Series B Funding

February 28, 2011

ProspX, Inc., an Austin, TX-based developer of an on-demand search and sales collaboration platform built for the commercial insurance industry to streamline communications, improve productivity, and increase revenue, has completed an $8m Series B funding round. The round was led by existing investor Adams Capital Management, with participation from HPI Real Estate Services and Investments. [...]

Arsanis Closes $10M Series A Financing

February 28, 2011

Arsanis, Inc., a Vienna, Austria-based biotechnology start up dedicated to the development of anti-infective monoclonal antibody therapeutics, closed a $10m Series A financing. Investors include OrbiMed Advisors, Polaris Venture Partners and SV Life Sciences. Managing Partners, Carl Gordon from OrbiMed Advisors, Terry McGuire from Polaris, and Mike Ross from SV Life Sciences, joined the founders [...]

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