August 2011

ProfitPoint Receives $2.5M Credit Facility from Square 1 Bank

August 31, 2011

ProfitPoint, Inc., a Philadelphia, PA-based provider of stored value and loyalty program solutions, has received the extension of a $2.5m credit facility from Square 1 Bank. Led by Interim CEO Ward Schultz, ProfitPoint provides national and international small-to-medium sized businesses with gift and loyalty programs designed to build lasting customer-value based relationships. The company utilizes [...]

CoLucid Pharmaceuticals Raises $7.5M

August 30, 2011

CoLucid Pharmaceuticals, Inc., a Research Triangle Park, NC-based privately held biopharmaceutical company, has raised $7.5m of a planned $9.5m convertible note financing. Backers include existing investors Pappas Ventures, Domain Associates, Care Capital, Pearl Street Venture Funds and Triathlon Medical Ventures. The company intends to use the funds to further advance lasmiditan – a Neurally Acting [...]

Rivet Games, BuzzLogic, ScienceLogic, Platte River Ventures: News in Brief

August 30, 2011

Rivet Games, a San Francisco, California-based developer and publisher of web, social and mobile games, has added Chris Satchell on its company’s board of directors. An industry veteran, Satchell brings extensive knowledge in gaming design, development, manufacturing, distribution and customer relationship management (CRM) to the company. BuzzLogic, a San Francisco, CA-based online media company that improves [...]

CloudOne Raises $1.9M in Venture Capital Funding

August 30, 2011

CloudOne, a Chicago, IL-based Software-as-a-Service provider of IBM Rational development tools, recently raised $1.9m in venture capital funding. The round was led by Chicago-based business leaders. The company intends to use the funds to grow its service, capitalizing on the explosive growth of software development in the cloud. Created in 2009 and led by CEO [...]

Danotek Motion Technologies Raises $15M in Series B Financing

August 30, 2011

Danotek Motion Technologies, a Canton, MI-based company that develops and manufactures permanent magnet generators (PMG’s) and related converter systems that deliver wind energy to the power grid, has secured $15m in Series B financing round. Investors include Khosla Ventures, CMEA Capital, GE Energy Financial Services, and Statoil Technology Invest, as well as independent contributors. The [...]

Flickme Launches; Received Funding from Sequoia Capital

August 30, 2011

Flickme, a San Mateo, CA-based a newly formed streaming movie and social networking service, recently received funding from Sequoia Capital. Launched today with initial license agreements from Sony Pictures Home Entertainment and Warner Bros. Digital Distribution, Flickme allows users to rent or buy new and popular titles movies. Members can also log in with their Facebook accounts, exchange [...]

Woozworld Raises $6M in Funding

August 30, 2011

Woozworld, a Montreal, Canada-based massive multiplayer user-generated social game for tween users (ages nine – 14), has raised $6m in new funding. Investors include Telesystem and iNovia Capital as well as industry angels. The company intends to use the funds to continue to develop and promote its online user-generated social platform both online and on the [...]

Centrix Software Raises $10M

August 30, 2011

Centrix Software, a Newbury, UK-based provider of unified end-user computing solutions that optimize the way IT infrastructures deliver applications, has secured $10m in private funding. The company intends to use the funds for product development and US expansion initiatives. The funding follows the recent appointment of US solutions providers Claros Systems and Asset Labs to its [...]

E la Carte Closes $4M Venture Capital Round from Lightbank

August 30, 2011

E la Carte, the maker of a customer-facing tableside tablet for restaurant and related hospitality industries (Presto), has closed a $4m venture capital round from Lightbank. The company intends to use the funds to expand its sales and support efforts nationally. E la Carte deploys its tablet Presto on restaurant tables so that guests can [...]

Antrad Medical Receives SEK7.25M Funding

August 30, 2011

Antrad Medical, a Huddinge, Sweden-based company that develops equipment for plasma thawing, has received a SEK7.25m in funding. Investors include STING Capital, which committed SEK1,5M, Innovationsbron and business angels. The company intends to use the capital to bring its product to markets. Led by CEO Kurt Högnelid and CTO Lars Ekemar, Antrad provides blood banks [...]

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