April 2011

Scientific Conservation Closes $19M Series B Financing

April 30, 2011

Scientific Conservation Inc., a San Francisco, CA-based building energy management company, has closed an $19m Series B financing round. Investors include from GE (NYSE: GE) unit GE Energy Financial Services as part of the “GE ecomagination Challenge” and Triangle Peak Partners. In addition to the investment from GE, GE Capital Real Estate will deploy the [...]

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MConcierge Systems Completes Financing Round

April 30, 2011

MConcierge Systems, Inc., a Montreal, Canada-based a mobile-to-web software solution provider for the hospitality industry, has closed a financing round of undisclosed amount. Backers include Real Ventures, Montreal Start Up, Palos Capital and Positron Inc. The company intends to use the funds to support further feature introductions to its Guest Relationship Management product, which allows [...]

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ideeli Closes $41M Series C Financing

April 30, 2011

ideeli, Inc., a New York City-based members-only flash sale retail company in the mass-affluent segment, completed its $41m Series C financing. The round was led by Next World Capital, with participation from Cue Ball Capital and existing shareholders StarVest Partners, Constellation Growth Capital and Kodiak Venture Partners. The company intends to use the new capital [...]

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Xlumena Closes $7M Series B Financing

April 29, 2011

Xlumena, a Mountain View, California-based provider of innovative technology for the interventional endoscopist and endoscopic surgeon, has closed a $7m Series B financing. The round was led by new investor Aperture Venture Partners, LLC, with participation from Western Technology Investment and existing backers Prism Ventures, Charter Life Sciences and Ascent Biomedical Ventures. The company has [...]

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Multiplicom Raises €2.0M in Series A Funding

April 29, 2011

Multiplicom, a Niel, Belgium-based molecular diagnostics startup, has raised €2.0m in its Series A funding round. Backers include Gimv, Gimv managed Biotechfonds Vlaanderen, VIB and University of Antwerp. Gimv and Gimv managed funds invest €1.5m while VIB and UA together invest the balance of €0.5m. The company intends to use the funds for the development of [...]

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Indel Therapeutics Closes $1.4M Second Financing Round

April 29, 2011

Indel Therapeutics Inc., a Vancouver, Canada-based biopharmaceutical company dedicated to developing new drugs to address the problem of antibiotic resistance, has closed a $1.4m second round of financing. Investors include Morningside Ventures, MAD Ventures and Quantum Pacific Capital. The company intends to use the funds to advance several of its antibiotic programs through animal proof [...]

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SignalSet Raises $6M in Series A Financing

April 29, 2011

SignalSet, a Seattle, WA-based developer of software that enables mobile phones to switch from one carrier’s network to another, has raised $6m in Series A financing. The round was led by Vanedge Capital, with participation from Point B Capital, Globespan Capital Partners and Razorback Capital and other seed investors. The company intends to use the [...]

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Cianna Medical Completes $12M Series B Funding

April 29, 2011

Cianna Medical, an Aliso Viejo, CA-based breast brachytherapy company, has completed a $12m Series B funding round. The round was led by Novo Ventures, Novo A/S ($8m), with participation from existing investors Fog City Fund, Emergent Medical Partners, and Saints Capital. The company intends to use the funds to expand sales and marketing programs for [...]

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99designs Raises $35M in Series A Funding

April 28, 2011

99designs, a Melbourne, Australia-based online marketplace for crowdsourced graphic design services, has raised $35m in Series A funding. The round was led by Accel Partners, with participation from angel investors Michael Dearing (eBay, Harrison Metal), Dave Goldberg (Survey Monkey), Stewart Butterfield (Flickr, Tiny Speck), and Anthony Casalena (Squarespace). In conjunction with the funding, Andrew Braccia [...]

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Clarizen Closes $12M Venture Capital Financing

April 28, 2011

Clarizen, a Hod Hasharon, Israel-based developer of work execution software, has closed a $12m venture capital financing. The round, which brings the total amount the company has raised to date to over $36m, was led by Opus Capital Ventures, with participation from Benchmark Capital, Carmel Ventures and DAG Ventures. In conjunction with the funding, Dan Avida, [...]

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