USA

Siva Power, a San Jose, California-based solar energy company, raised $10m in Series D financing. In details, the company raised $4m in funding from DBL Investors, Medley Partners and Acero Capital, converted $3m in debt financing previously received from Trident Capital, DBL, Medley Acero, and Wuxi, had received $3m from the U.S. Department of Energy […]

France

South of France-based investor iXO Private Equity closed its third fund at €150m. Limited partners include fund-of-funds, insurance companies, pension funds, banks and family offices. iXO focuses on backing companies in niche markets with high growth potential and significant exposure to international markets across sectors. It supports the growth stages, external acquisitions or transmissions of […]

France

Kiwup, the French startup behind SimpleMail, an email marketing platform, completed a €1.3m second funding round. The round was led by Xange Private Equity, with participation from existing investors Kima Ventures and Nestadio Capital. The company intends to use the funds to develop and launch the new version of SimpleMail in 2015 and strengthen its […]

analysisFintech

The fintech revolution is now becoming a reality, according to a report by Silicon Valley Bank. The “2015 Fintech Report: Investment Trends in Fintech” says that the sector continues to accelerate the investment and exit activities, with the UK positioning itself as a key place. The document highlights the global and UK specific investment trends […]

UK

Depop, a UK-based social shopping app, raised an $8m (£5m) funding round. Backers included Balderton Capital and Holtzbrinck Ventures. The company will use the new funding to set up a permanent New York office and hired Erik Martin, former general manager of Reddit, to lead its US operation. Founded in Italy in 2011 by Simon Beckerman […]

USA

Salt Lake City, UT-based venture investor Kickstart Seed Fund closed its third seed fund at $39m. Fund III will continue to invest in seed startups based in Utah and the Mountain West. In addition to the close, the firm promoted Dalton Wright to Partner and added Curt Roberts as a Venture Partner. Founded in 2008 […]

USA

Bench, a Vancouver, BC, Canada-based online bookkeeping service, raised $7m in Series A funding. The round was led by Altos Ventures with participation from Contour Venture Partners. The company, which has raised $9.1m in total, intends to use the funds to accelerate growth and increase workforce demand. Founded in 2012 and led by CEO Ian […]

USA

Volusion, an Austin, Texas-based provider of ecommerce software and services, secured a $55m in financing. The round was led by Main Street Capital Corporation. The company intends to use the funds for the development of its enterprise platform, Mozu, while further advancing its small-to-medium-sized businesses (SMB) platform, Volusion. Led by Clay Olivier, CEO, Volusion provides […]

USA

TweeIX, a Nashville, TN-based provider of a platform that connects accredited crowdfunding to music royalties, raised $200k in Series A funding. Backers included La Ragazza & Associates and Atlantic Merchant Capital Investors. The company intends to use the funds to bring its new solution to market. Led by Chase Tweel, co-founder and CEO, TweelX provides […]

USA

Menlo Park, CA-based venture capital firm Foundation Capital expanded its team, with the addition of Joanne Chen and Zach Noorani as associates, and Ryan Nichols and Scott Bibaud as entrepreneurs-in-residence (EIRs). – Prior to joining Foundation Capital, Chen was an associate at Hyde Park Angels and Hyde Park Venture Partners in Chicago. Previously, she was an advisor at […]

LatviaUSA

FullContact, a Denver, Colorado and Riga, Latvia-based provider of a contact management platform, raised an additional $7m in funding. The company, which has raised just under $16m in total, intends to use the funds to continue developing applications for more devices, with upcoming releases of FullContact for Mac and FullContact for Android. Led by Bart […]

USA

Aspire Bariatrics, a King of Prussia, PA-based medical device company developing and commercializing a reversible minimally-invasive weight loss device for obesity, closed on up to $12m in venture debt financing. Hercules Technology Growth Capital (NYSE: HTGC) provided the financing. The company intends to use the funds to continue its PATHWAY pivotal trial in the US and […]

Canada

Joseph L. Rotman, founder of Toronto, Canada-based private equity firm Clairvest Group (TSX: CVG) and a member of its board of directors, passed away on 27th, January 2015. According to a note, Mr. Rotman founded Clairvest in 1987 with the vision of using capital and wisdom to support the development of young companies and entrepreneurs applying […]

USA

Giphy, Inc., a New York-based GIF search engine, raised $17m in Series B financing. The round was led by Lightspeed Venture Partners, with participation from General Catalyst and current investors. The company intends to use the funds to accelerate its growth, expand its services and capabilities and grow its team. Developed at Betaworks and founded […]

Canada

D-Wave Systems Inc., a Burnaby, Canada-based quantum computing company, closed $29m in funding. Backers included  a large institutional investor, among others. The company, which has raised $174 million (CAD) to date, intends to use the funds to accelerate development of its quantum hardware and software and expand the software application ecosystem. D-Wave, which already employs over […]