REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS
SpectraFluidics, Inc., a Goleta, CA-based developer of high performance vapor trace chemical detection systems, has received a strategic investment of undisclosed amount and a development agreement from In-Q-Tel. The technology behind SpectraFluidics’ system is a combination of free-surface microfluidics and surface-enhanced Raman spectroscopy. The company is currently developing a new platform for sensing airborne molecules […]
Blade Dynamics Ltd., an Isle of Wight-based designer and manufacturer of advanced wind turbine blades based on proprietary materials and structural technologies, received an equity investment from a global power technologies company American Superconductor Corporation (NASDAQ: AMSC). ASC has acquired a 25% ownership position for $8m in cash and will have one seat on the […]
Quick Heal Technologies, a Wakdewadi, India-based provider of computer security software products, has received a INR 60 crore (nearly nearly $13m) investment from Sequoia Capital India. This investment will support the company in growing its product portfolio, expanding its global distribution footprint and funding future acquisitions. In conjunction with the funding, Sumir Chadha, Managing Director, […]
Tachyon Networks, a San Diego, CA-based company that engineers custom, end-to-end satellite solutions for fixed, portable and Comms-on-the-Move (COTM) applications, delivering high-quality managed network services for data, voice and video, completed a $2m revolving line of credit and a $2m equipment term loan with Silicon Valley Bank. The proceeds from the financing will further enable […]
MetroFlats.com, a Clifton, NJ-based vacation rental marketplace service, has raised seed financing from AA Investments LLC. The company was founded by Avisha Khubani (CEO), an entrepreneur who launched sister company MetroFlatsNYC.com, and Shamoon Siddiqui (VP of Product Development), a serial entrepreneur, in May 2010. The company’s goal is to connect guests with the vacation rentals […]
CreditMax, a West Palm Beach, FL-based electronic exchange for the sale and purchase of distressed consumer debt, has received a growth equity investment of undisclosed amount from PPF Finance LLC, a subsidiary of PartnerRe Ltd. (NYSE: PRE) and Metropolitan Equity Partners. The investment will allow the company to expand its NDSE Trading Platform and the […]
SI-BONE, Inc., a San Jose, California-based spinal medical device company dedicated to the development of tools and products for diagnosing and treating patients with low back issues related to sacroiliac (SI) joint pathology, has closed $11.0m in financing. The funding, which was led by new investor Skyline Ventures, will allow the company to expand its […]
Precise Path Robotics, an Indianapolis, IN-based developer and provider of mobile robotic outdoor equipment, has closed a $4.5m round of funding. Charlie Staples, a 30-year veteran of the golf course industry, participated in the round and joined the company’s board of directors Co-founded by entrepreneur Scott A. Jones, Precise Path has developed the RG3 robotic […]
Next Step Living, Inc., a Boston, MA-based residential energy efficiency and renewable energy company, has raised $2.6m in a Series B financing round. The round was led by local green entrepreneur John McQuillan, President & CEO of Triumvirate Environmental, with participation from new investors and returning Series A investors including Black Coral Capital and the […]
Storage Appliance Corporation, the developer of consumer backup software marketed as Clickfree™ Automatic Backup, raised $15m in new funding from the Tandem Expansion Fund. With 23 patents pending, Clickfree is currently available in 25 countries and over 7,000 retail locations. The new capital will be used to expand worldwide the Richmond Hill, Canada-based company’s product […]
Precyse Technologies, an Atlanta, GA-based provider of real-time location and supply-chain visibility solutions based on active RFID technologies, has closed its $11m second round of financing. The funding, which was provided by a Georgia-based private investor group, will be used to to expand the company’s operations into new markets. Following the closing, the company appointed […]
Infinite Power Solutions, Inc., a Littleton, Colo.-based company that manufactures solid-state, rechargeable, thin-film micro-energy storage devices for a variety of micro-electronic applications, has completed a $20m series C round of financing. The new capital will allow the company to expand its manufacturing capacity and global sales channels. In addition, the funding will further support advanced […]
Selecta Biosciences, Inc., a Watertown, MA-based biopharmaceutical company developing synthetic nanoparticle vaccines and immunotherapies, has been awarded a $3m grant from the National Institute on Drug Abuse (NIDA), an institute within the U.S. National Institutes of Health (NIH). The grant is aimed at advancing the development of an enhanced therapeutic nicotine vaccine for the treatment […]
Smooth-Stone, an Austin, Texas-based start up that develops a new generation of processors, has raised $48m from a syndicate of investors comprising venture capital firms and semiconductor innovators. The capital will be used to complete development and market delivery of the company’s high performance, low-power consumption chips, which aim to make it possible for data […]
eegoes, LLC, a Boston, MA-based operator of a social network that allows users to enjoy discussions around their areas of interest and exchange links, videos, photos, has raised an undisclosed amount of additional funding. New investors include Fatima Hanich and Panamean company Coliseum International SA. In conjunction with the funding, the company has added Mrs […]