August 2011

Capital Exchange Receives Majority Investment from Revolution Capital Group

August 31, 2011

Capital Exchange (CapXG), a Valencia, California-based interactive, web-based, networking site serving the financial community, has received a majority investment of undisclosed amount from private equity firm Revolution Capital Group. Following the investment, CapXG operations will be led by Chongyang Luo, CTO and Operations Director for the Capital Exchange and Director of Technology for Revolution Capital [...]

Blyk, Amnis, SPIE, OrbiMed, Atlassian, Tendril, RaceReady, etc.: News in Brief

August 31, 2011

Blyk, a Helsinky, Finland-based mobile messaging media company, appointed Eric Kip as Chief Executive Officer. Eric Kip joined Blyk in 2009, and was previously CCO. He has 20 years of experience working with advertising in various executive media functions. Before joining Blyk, he held executive management positions at two major media agencies including Initiative (part of [...]

SMS GupShup Raises $10M in Series E Funding

August 31, 2011

SMS GupShup, an India-based social network and group messaging provider, has raised $10m in Series E funding. Tenaya Capital has joined existing investors Globespan Capital Partners, Helion Ventures and Charles River Ventures in this round. The company intends to use the funds to drive product innovation, increase sales and marketing, and expand globally. Launched in [...]

Ardelyx Closes $30M Series B Financing

August 31, 2011

Ardelyx, Inc., a Fremont, California-based company that develops novel oral therapeutics to correct mineral metabolism and metabolic disorders, has closed a $30m Series B financing. Participating in the financing are existing shareholders NEA, CMEA and individual investors, as well as a new backer Amgen Ventures, LLC. The company intends to use the funds to advance [...]

Ebuzzing Raises $24.5M in Second Funding

August 31, 2011

Ebuzzing, formerly Wikio Group, a European social media group, has raised $24.5m in second funding round. The round was led by Gimv, which is injecting $14.5m, with participation from existing shareholders Lightspeed, Gemini, Solorun and the founder and CEO Pierre Chappaz. The company intends to use the funds to expand operations in Europe. Founded in [...]

Nokia to Invest in Vision+

August 31, 2011

As a part of an ongoing strategy to broaden application and games development for its ecosystem, Nokia is investing in Vision+, a new fund focused on financing innovative products. Vision+ invests into product development projects with a target for market entry and commercialization. Product developers and entrepreneurs will have the opportunity to create and preserve their [...]

Hive Media Raises $1.5M in Series A Funding

August 31, 2011

Hive Media, a San Carlos, CA-based company that creates social media games, has raised $1.5M in Series A funding. Backers include investors from Keiretsu Forum, The Angels’ Forum, Band of Angels, and Golden Seeds. The company intends to use the funds to develop a game based on the television show Animal Planet and to grow [...]

RootMusic Closes $16M Series B Funding

August 31, 2011

RootMusic, a San Francisco, CA-based that has developed BandPage, the platform for musicians on Facebook, has closed a $16m Series B expansion round of funding. The round was led by GGV Capital, with participation from new investor Northgate Capital and existing investor Mohr Davidow Ventures. In conjunction with the funding, GV Partner Hany Nada will [...]

Aleva Neurotherapeutics Closes €9.5M Series A Financing

August 31, 2011

Aleva Neurotherapeutics, a Lausanne, Switzerland-based company developing implants for Deep Brain Stimulation (DBS) in major neurological indications such as Parkinson´s disease or depression, closed a €9.5m Series A financing. The round was co-led by BioMedInvest AG (managed by BioMedPartners AG) and BB BIOTECH VENTURES III, L.P. (advised by Bellevue Asset Management AG), with participation from [...]

Zite Acquired by CNN

August 31, 2011

Zite, a San Francisco-based news app for the iPad that gives users a personalized magazine-like experience, has been acquired by CNN. Zite is an iPad app that provides an individually personalized experience surfacing content that users will find most interesting from a variety of sources across the Web. CNN has added the company to its portfolio [...]

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