May 2011

TM3 Software Receives Investment from S-Refit AG

May 31, 2011

TM3 Software GmbH, a Regensburg, Germany-based company that develops a system for controlling and optimizing in real-time all the business processes involved in merchandise management and warehousing logistics, recently received an investment of undisclosed amount from S-Refit AG. The company, which had also raised €500k in funding from High-Tech Gründerfonds and Bayern Kapital (read the [...]

wooga Raises $24M in Series B Financing

May 31, 2011

wooga, a Berlin, Germany-based developer of online social games, has raised $24m in Series B financing. The round was led by Highland Capital Partners, with participation from Tenaya Capital and existing investors Balderton Capital and HV Holtzbrinck Ventures (read the news). In conjunction with the funding, Fergal Mullen, General Partner at Highland, will join wooga’s [...]

Next Performance Receives €16M Investment from Kennet Partners

May 31, 2011

Next Performance, a Paris, France-based online advertising company that specializes in dynamic retargeting, has received a €16m investment from Kennet Partners. The company intends to use the capital to continue to expand in Europe. In conjunction woth the transaction, Michael Elias, Managing Director at Kennet, and Hillel Zidel, Director at Kennet, will join Next Performance’s [...]

Coromatic Group Receives €40M Equity and Debt Financing from EQT

May 31, 2011

Coromatic Group, a Sweden-based data center builder that focuses on advanced design, installation and services, has received a €40m equity and debt financing from EQT Expansion Capital II. The transaction will enables the management to take over the majority of the company from private equity fund Litorina Kapital III. EQT Expansion Capital II intends to [...]

Mavenir Systems Raises $40M in Fifth Funding Round

May 31, 2011

Mavenir Systems, a Richardson, Texas-based provider of innovative mobile infrastructure solutions for LTE operators, has raised $40m in its fifth round of funding. The round was led by new investor August Capital, with participation from North Bridge Venture Partners, Austin Ventures, Alloy Ventures, Greenspring Associates and Cross Creek Capital. This brings the total amount the [...]

m2p-labs Receives Investment

May 30, 2011

m2p-labs, a Baesweiler, Germany-based provider of innovative screening and fermentation technologies for the pharmaceutical, biotechnical and chemical industries, has received an investment of undisclosed amount. Backers include the Seed Fund for the Region of Aachen GmbH & Co. KG, the KfW with the ERP Start-Up Fund and the High-Tech-Gründerfonds, as well as two private investors. [...]

Saygent Raises $1M

May 30, 2011

Saygent, a Mountain View, CA-based start up that is developing a crowdsourcing-powered automated voice response & analysis platform, recently raised $1m in seed funding. Investors include 500 Startups, Ty Danco, Juvo Capital, Innovation Endeavors, Kima Ventures, Kapor Capital, PG Ventures, Orefa Investment, and Matthew Grodin. The company also intends to use the funds to increase [...]

BioCritica Launches; Receives Investment

May 30, 2011

Eli Lilly and Company (NYSE:LLY), Care Capital, NovaQuest Capital formed BioCritica Inc., a Central Indiana-based biotechnology company. BioCritica will initially focus on the continued U.S. development and commercialization of Xigris® (drotrecogin alfa (activated)), Lilly’s medicine for the treatment of severe sepsis. As part of a licensing agreement, the company will acquire the U.S. development and [...]

July Systems Receives Follow-on Investment from Intel Capital

May 30, 2011

July Systems, a global mobile media company, has received a follow-on investment of undisclosed amount from Intel Capital. The company intends to use the proceeds to invest in in technology, operations and expand its team. July Systems developed a cloud-based mobile platform that is designed to allow customers worldwide to build, manage, market and monetize [...]

Airbnb Raises Funding from Ashton Kutcher

May 30, 2011

Airbnb, a community marketplace to list, discover, and book spaces around the world, raised an undisclosed amount of funding from actor and angel investor Ashton Kutcher. Kutcher will join the company as a strategic advisor. The company had raised $7.2m from Sequoia Capital and Greylock Partners in November 2010 (read here). The investment will enable Airbnb to [...]

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