REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS
Highland Capital Partners has launched the fifth edition of its summer startup program. Summer@HIGHLAND (http://www.hcp.com/summer/) is a 10-week entrepreneurship program that offers university-affiliated startups $15k in funding and office space in the firm’s Cambridge or Menlo Park office. Teams will also have the opportunity to work with the Highland team and their network of founders. Highland will not take […]
The Experiment Fund, a Cambridge, MA-based new seed stage investment vehicle, has launched with backing from venture capital firm New Enterprise Associates. The Fund will focus on supporting student start-ups and nurture novel technologies and platforms created in Cambridge, or by those who started their educations there. It will also include additional strategic angel investors […]
Checkpoint Surgical, a Cleveland, Ohio-based neurodevice firm, has completed a $1.7m Series B funding. The round led by the NDI Healthcare Fund in December 2011. The company secured non-dilutive funding of over $1.3m, including a $1.065m Innovation Ohio loan and a $245k federal grant. The company is using the funding to support its sales and […]
Connecticut Innovations (CI), the state’s authority responsible for technology-based economic development, has launched the TechStart Fund to spur technology innovation and business formation at an early stage. The TechStart Fund focuses on providing initial capital to startup teams to determine the viability of a technology business and whether funding would be available to launch the […]
Netmania IT Limited, an Elmhurst, UK-based provider of softare that enables telecommunications companies to manage customer devices remotely, recently received a significant funding from a consortium of investors. Backers included Midven, through its Early Advantage fund, New Wave Ventures LLP, and investor Bob Giddy, the former CEO of Amino Technologies, who is joining as non […]
Visual Revenue Inc., a New York-based provider of predictive analytics for online publishers, has raised $1.7m in funding. The round was led by IA Ventures and Softbank, with participation from existing shareholders. The company intends to use the funding for expanding the existing team with Front End Engineers, Back End Engineers, a Lead UX/UI Designer, […]
Altor (Altor Fund III GP Limited) signed an agreement to acquire a majority interest in Haarslev Industries A/S from Odin Equity Partners. The amount of the transaction, whose closing is expected at the end of March 2012, subject to relevant regulatory approval, reamined undisclosed. Following the investment, Haarslev Industries’ CEO Claus Østergaard Nielsen, will stay […]
Element ID, Inc., a Bethlehem, Northampton County, PA-based RFID company has received $50k investment from Ben Franklin Technology Partners of Northeastern Pennsylvania (BFTP/NEP). The company intends to use the capital to increase sales and marketing efforts and customer support for its products. Led by CEO Jack Romaine, CTO David Martin, and Vice President of Sales […]
PROVA Systems, LLC, a Carbondale, Lackawanna County, PA-based company that designs, develops and manufactures remote diagnostic vehicle systems for fleet management and other applications, has received a $50k follow on investment from Ben Franklin Technology Partners of Northeastern Pennsylvania. Ben Franklin previously invested $35k in the company. The company intends to use the capital for […]
One week ago, San Francisco, CA-based SmartRecruiters said it had raised $5m in a Series A funding round (read here). The company, which provides a free social recruiting platform, was founded by CEO and Board Member Jerome Ternynck, a recruiting expert and pioneer of the recruiting software industry. A Frenchman who never worked in France, Jerome ran […]
CN Creative, Ltd., a University of Manchester’s Innovation Centre (UMIC), UK-based healthcare company providing innovative and sustainable solutions to reduce smoking and smoking-related illnesses, has raised £2m (approximately US $3.1m) a Series A financing. The round was led by Advent Life Sciences. The company intends to use the capital to continue and finalize development of […]
Olery, a Amsterdam, The Netherlands-based provider of reputation management software for the leisure and hospitality industry, has completed a $1m (approximately €750k) funding round. The investor remained undisclosed. The company intends to use the capital to expand international sales, improve existing products, scale development efforts, and bring new products to market (a new product will […]
Ix Innovations, an Ann Arbor, MI-based company that provides products designed to enhance the usability of electrical test and measurement instrumentation, has received an equity funding from the Michigan Pre-Seed Capital Fund. The investment is part of a $585k amount the fund has injected in three Michigan start ups. The company intends to use the […]
Estrakon, an Ann Arbor, MI-based technology company that designs, develops and manufactures custom innovative, patented LED Edge-Lit signs and displays, has received a funding from the Michigan Pre-Seed Capital Fund. The investment is part of a $585k sum that the fund has injected in three Michigan start ups. Founded by Matt Shumate, Estrakon has developed […]
Clean Emission Fluids, Inc., a Detroit, MI-based manufacturer of fueling and fluid dispensing solutions for the transportation industry, termed FAST™ for Fluids Affordably Stored, has received funding from the Michigan Pre-Seed Capital Fund. The investment is part of a $585k amount the fund injected in three Michigan start ups. The company intends to use the […]