REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS
TutorGroup, an online language live tutoring company, has raised US$15 million in growth financing from Qiming Venture Partners. The company intends to use the capital to expand the delivery of its services throughout China. Founded in 2004 and led by CEO Dr. Eric Yang, TutorGroup is a premier provider of live synchronous e-Learning services. It […]
ParAccel, Inc., a Campbell, CA-based enterprise analytic platform provider, has closed a $20m in funding. Backers include existing investors. The company intends to use the funding to increase adoption of its platform. Led by chairman and CEO Chuck Berger, ParAccel offers a platform comprised of an analytic database surrounded by extensibility and integration technology as […]
Independa, a San Diego-based provider of Telehealth solutions that enhance independence for older adults, has raised an additional $750k in convertible note funding. Backers include Miramar Venture Partners and City Hill Ventures, which already invested in the $1.6m in seed-round venture capital funding the company announced last September. Independa intends to use the funds to […]
SingleHop, a Chicago, IL-based provider of highly automated Internet infrastructure-as-a-service (IaaS) and cloud computing, has closed a $27.5m Series A financing. The round was led by Battery Ventures. Established in 2006, SingleHop SingleHop is a dedicated and cloud hosting provider that offers highly scalable, on-demand infrastructure services to both end-users and resellers primarily under monthly […]
Perk Dynamics, a Shawnee, OK-based provider of a Software-as-a-Service product that manages coffee operations for staffed and stand-alone beverage machines such as automatic espresso makers, has raised $1.3m in funding. The round was led by not-for-profit corporation i2E, Inc., which invested $400k through the Oklahoma Seed Capital Fund, with participation from Oklahoma’s SeedStep Angels and […]
Fast Lane Ventures, a Moscow, Russia-based developer of internet companies, has received a $18m Series C investment. The financing was led by VTB Capital Venture Business, a venture capital firm operating in the Russian and CIS market. The funds will be used to develop Fast Lane Ventures’ current portfolio of companies, as well as provide […]
Symform, a Seattle, WA-based provider of secure cloud storage and backup service, has closed an $8m Series B financing. The round was led by WestRiver Capital, with participation from existing investors OVP and Longworth Venture Partners. The company has also reserved up to $3m in the series to add a strategic investor in 2012, which […]
Simworx, a Kingswinford, UK-based supplier of simulation technology for the entertainment industry, has received funding from Midven, through its Exceed – Midlands Advantage fund. The company intends to use the funding, whose amount was not disclosed, to expand its development and sales operations. Simworx, which has provided media-based installations to theme parks and visitor attractions […]
EcoLogicLiving Ltd, a Carlisle, UK-based reseller and installer of renewable energy, heat and power generation technologies across the Cumbria, Lancashire and the Scottish Borders, secured a £500k investment from The North West Fund for Energy and Environmental (NWF4EE). The company intends to use the funding to expand its team in order to increase its reach […]
Blaze Medical Devices, an Ann Arbor, Michigan-based company that develops spectral analysis for red blood cells, has received funding from the Michigan Pre-Seed Capital Fund. The company intends to use the funding to expand its commercialization efforts. Led by David Weaver, CEO, Michael Tarasev, COO, and Kenneth Alfano, CTO, Blaze is developing a line of […]
SoCloz, a Asnières-sur-Seine, France-based pre-shopping platform, has raised its first funding round. The amount of the deal was not disclosed. Backers include Alven Capital, FaDièse, and business angels Oleg Tscheltzoff, Geoffrey Bragadir and Cèdric Manguard. The company intends to use the funding to develop new partnerships and add new functionalities to its platform. Founded in […]
The EIF has selected Eleven and LAUNCHub to manage a €21m Entrepreneurship Acceleration and Seed Financing Instrument under the JEREMIE Holding Fund. Eleven will manage a €12m acceleration & seed fund with a view to making around 200 investments in innovative young businesses. Investments into individual portfolio companies will typically be in the range of […]
Last week, RentStuff.com raised $660k in seed funding (read here). Today, Christopher Jaeger*, CEO and co-founder of the Nashville-based start up which operates a community marketplace for rental goods, answered our questions about the service, the team and future plans. FinSMEs: Hello, Chris, thank you for joining us. First, can you tell us a bit more about RentStuff.com? How […]
Angelantoni Test Technologies, a Massa Martana, Perugia, Italy-based producer of testing equipment for electronic, electric, and mechanic materials and systems with applications in different fields such as automotive and aerospace, has received an €8m minority equity investment from Fondo Italiano di Investimento. The investment aims to help the company expand its R&D efforts and make […]
Toronto, Canada-based innovation centre MaRS has created a new technology accelerator dedicated to building high-growth web and mobile companies that promise to transform the way consumers and enterprises connect, work and play. Based in the MaRS Commons and led by Executive Director Susan McGill, JOLT will select up to 15 high-potential startups annually, providing them […]