Xfire Raises $3M

May 21, 2012
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Xfire, a Santa Monica, Calif. and Shanghai, China-based online community platform that transports gamers’ social networks into thousands of PC games, secured an additional $3m in funding to continue its expansion into Asian territories. The round was led by IDM Venture Capital. The company intends to use the funding to continue to add new features [...]

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Shocking Technologies Raises $10.5M

May 21, 2012
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Shocking Technologies, Inc., a San Jose, CA-based developer of a patented polymer nano-composite for protecting electronic products from electrostatic discharge (ESD), has raised $10.5m. The round was led by exsiting investor Littelfuse, Inc. (NASDAQ: LFUS). The company, which has raised over $60m in capital to date, will use the funding to drive and meet global [...]

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Quipper Raises £2.3M in Series A Funding

May 21, 2012

Quipper, a London, UK-based e-learning start-up, has raised £2.3m (approximately $3.6m) in Series A funding. The round was led by Globis with participation from Atomico and Benesse. The company intends to use the funding to increase the amount of content available to users, to expand its reach as the educational tool. Founded in 2010 and [...]

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88tc88 Receives Single-Digit Million Euro investment from ALSTIN

May 21, 2012

88tc88, a Berlin and Beijing –based E-commerce platform, has received a single-digit million Euro investment from ALSTIN. Following the transaction, ALSTIN, the investment firm of German entrepreneur Carsten Maschmeyer, will hold a significant equity stake in the company. The company plans to use the funds to expand its Chinese sales team as well as its [...]

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Autology World Raises £330K

May 18, 2012

Autology World Limited, a Daresbury Science and Innovation Centre, UK-based provider of an e-learning application for secondary schools and colleges, has raised £330k in equity financing. Backers include the North West Fund for Digital & Creative, managed by AXM Venture Capital Limited, which has made a further £200k equity investment into existing portfolio company. The [...]

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Tujia.com Raises Funding

May 18, 2012

Tujia.com, an online vacation rental service provider targeting middle to high-end Chinese travelers, has raised a funding of undisclosed amount. The transaction will close following final regulatory approval of the Chinese government. Backers include HomeAway, Inc. (NASDAQ: AWAY), Ctrip.com International, Lightspeed China Partners and CDH Investments. Founded in December 2011 and led by CEO Justin [...]

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Rapid Rhythm Secures £50K

May 18, 2012

Rapid Rhythm Ltd, a Manchester, UK-based company that has invented a device to help diagnose Atrial Fibrillation (AF), has secured a £50k investment from The North West Fund for Biomedical. The company intends to use the capital to develop its hand-held device that uses Electro Cardio Graph (ECG) data to diagnose Atrial Fibrillation (AF), a [...]

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AxialMarket Raises 6.5M in Series A Funding

May 18, 2012

AxialMarket, a NYC-based marketplace for qualified buyers, sellers, and advisors representing privately held businesses, has raised $6.5m in Series A funding. The round was led by Redpoint Ventures, with participation from Cove Point Holdings, and existing investors First Round Capital and Windcrest Partners. The AxialMarket platform allows qualified private capital market participants (strategic buyers, financial [...]

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Equivalent DATA Receives Equity Investment from Trinity Hunt Partners

May 18, 2012

Equivalent DATA, Inc., a Houston-based legal software company, has received an equity investment of undisclosed amount from Trinity Hunt Partners. According to a written statement, the investment is designed to help the company build from a strong regional firm into a national eDiscovery platform. Founded in 1994 and led by President and CEO Mike Medrano, [...]

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DICOM Grid Closes $5M Financing

May 18, 2012

DICOM Grid, a Phoenix, Arizona-based provider of a cloud software-as-a-service (SaaS) platform for medical imaging applications, has closed a $5m financing. Backers include Canaan Partners, CHL Medical Partners and existing individual investors. The company intends to use the funds to expand distribution of its DG Suite. Led by CEO Morris Panner, DICOM Grid offers a [...]

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