REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS
Flexenclosure, a Sweden-based specialist developer of intelligent power management systems and pre-fabricated data centres for the telecom industry, raised US$24m in funding. Backers included new investor the International Finance Corporation (IFC), as well as existing shareholders Industrifonden and Andra AP-fonden (AP2). The company intends to use the funds to further develop its eSite and eCentre […]
Ventive, Ltd, a London, UK-based developer of products to reduce heating bills for residents and to improve internal air quality, raised more than £900k in equity funding. Backers included venture capital fund manager Mercia Fund Management (MFM) and the Angel Co-fund. The company intends to use the funds to accelerate the commercial roll out of […]
IP Group plc (LSE: IPO) has launched a £30m Fund in partnership with the European Investment Fund. IP Group commited £10m while EIF made a £20m contribution to the fund, which will invest in new spin-out companies from IP Group’s university partnerships and other collaborations. The EIF investing alongside IP Group. IP Venture Fund II […]
Five9, a San Ramon, CA-based provider of cloud contact center software, raised $34.5m in funding. The financing included $22M is series D equity and $12.5M is a bank revolver debt facility. The equity round was led by SAP Ventures, with participation from existing investors Adam Street Partners, Hummer Winblad Venture Partners and Partech International while […]
TuneIn, a Palo Alto, CA-based service for listening to the world’s radio, raised $25m in funding. The round was led by Institutional Venture Partners (IVP), with participation from existing investors Sequoia Capital, Google Ventures and General Catalyst Partners. In conjunction with the funding, Jules Maltz, General Partner at IVP, will join TuneIn’s board of directors. […]
Ophthotech Corporation, a New York-based biopharmaceutical company focusing on discovering, developing and commercializing therapies for the treatment of major ophthalmic diseases, raised $175m in financing. The transaction consists of $125m from Novo A/S, in exchange for royalties on the company’s Fovista sales. The remaining $50m is in the form of a Series C financing from […]
Clip, a San Francisco and Mexico City-based mobile payments company for the Spanish-speaking world, reportedly raised $1.5m in funding. Backers included 500 Startups, Alta Ventures, ACCION, and Karl Mehta. The company will use the funds to launch in Mexico, with Spanish-speaking countries, including the United States Hispanic market to follow. Led by Adolfo Babatz, co-founder & CEO, Clip […]
Judicata, a San Francisco, CA-based legal research company, raised $5.8m in funding. The round was led by Khosla Ventures. In conjunction with the funding, Keith Rabois, a partner at Khosla Ventures and former executive at PayPal, LinkedIn, and Square, will join the company’s board (read his post about the funding here). Judicata is developing a […]
Learnhive, a Princeton, NJ-based provider of adaptive K-12 learning solutions, raised $400K in funding. Backers include unnamed angel investors from the U.S. and India who span education, Wall Street and retail expertise. The company intends to use the funds to increase its offerings of U.S. Common core state standards-based English and Math games, worksheets and […]
Conversocial, a New York and London-based provider of a social customer service, closed a $4.4m Series A2 funding. The round, which includes a $3.2m investment, in addition to $1.2m from a previous convertible note, was led by Octopus Investments. The company intends to use the funding for product development, hiring people, and expansione of its […]
Appurify, a San Francisco, CA-based developer of a debugging, performance optimization and continuous integration testing platform for mobile apps, raised $4.5M in Series A funding. The round was led by Google Ventures, with participation from Foundation Capital, Felicis Ventures, Radar Partners, the Webb Investment Network, Data Collective and angels Jay Jamison, Raymond Tonsing, Pavan Nigam, […]
Videology, a Baltimore, MD-based provider of a video technology platform for advertising and media companies, completed a $60m Series D financing. The round was led by Catalyst Investors, with participation from existing investors New Enterprise Associates (NEA), Valhalla Partners, and Comcast Ventures and new investor Pinnacle Ventures. The company intends to use the funds to […]
Fortuna Vini, a Follina, Treviso, Italy-based wine company, has raised is to receive €125k in funding. Five unnamed investors have backed expressed their interest in backing the company in a few hours via SiamoSoci. The round is still open. Fortuna Vini plans to use the funds to expand into new markets such as UK, Russia and Germany […]
SumUp, a Berlin, Germany-based provider of solutions to enable merchants to take debit and credit card payments with their smartphones, raised a double-digit million Euro financing. Backers included new investors Groupon (NASDAQ: GRPN) and American Express (NYSE: AXP) and existing investors b-to-v Partners, Shortcut Ventures, Tengelmann Ventures and business angels. The company, which had raised […]
Carnet de Mode, a Paris, France-based online fashion marketplace, closed a $1.5m Series A funding. The round was led by Elaia Partners with participation from: – Eric Pinot; – Thierry Petit; – Xavier Dura; – Gaël Duval; – Claude Rameau; and – Francesco Maio. The company intends to use the funds to grow the team, […]