REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS
Mountain View, California-based Elance and Redwood City, CA-based oDesk, two marketplaces for online work, signed an agreement to merge with each other. Both companies operates platform for online work, which connect businesses with freelancers in real-time. The merged company, which will be led by Elance chief executive officer Fabio Rosati, will continue to serve customers […]
According to Loogic, Floqq, a Madrid, Spain learning platform, closed $550k in seed funding. The round was led by Cabiedes & Partners, with participation from 500 Startups and business angels Agustín Cuenca, Arturo Guillén, César Bardají, Ricardo Fernández, and Sergio Cortés. The company intends to use the funds to expand in the Latin American markets […]
7Summits, a Milwaukee, Wisconsin-based provider of social business consulting and agency services, received a growth investment from private equity firm Sverica. The amount of the transaction was not disclosed. The company intends to use the funds to grow the business and expand into new markets. Founded in 2009 and led by Paul Stillmank, CEO, 7Summits […]
Minube, a Madrid, Spain-based social travel startup, closed €1m funding. Backers included Kibo Ventures, Bonsai Venture Capital and existing investor Sputnik Ventures. The company intends to use the funds for international and community and content base expansion as well as development of products for tablets and new platforms. Led by founder and CEO Raúl Jiménez, […]
StackMob, a San Francisco, CA-based provider of a mobile platform for developers to create a mobile business, has been acquired by PayPal. The amount and the terms of the transaction were not disclosed. Led by CEO Ty Amell, StackMob was backed by Trinity Ventures, Harrison Metal Capital and Baseline Ventures (read our news here). The […]
Curoverse, a Boston, MA-based developer of an open source software platform for genomic and biomedical big data, raised $1.5m in seed funding. Backers included Hatteras Venture Partners, Point Judith Ventures, Common Angels, MassVentures, and Boston Global Ventures. The company intends to use the funds to advance development of its platform (Arvados) and to deliver new […]
GymPact, a San Francisco, CA-based mobile exercise check-in app, raised $1.55m in seed funding. AllThingD reported that Khosla Ventures and Max Levchin invested in the round. Founded in 2010 and led by CEO Yifan Zhang, GymPact provided a mobile app that allows users to set goals and that provides incentives to encourage users to exercise. If users meet […]
Maxwell Health, a New York, NY, and Cambridge, MA-based employee benefits platform, raised $6m in Series A funding. The round was led by Vaizra Investments with participation from Catalyst Heath Ventures and existing investors Tribeca Ventures, Serious Change, Lerer Ventures, BoxGroup, and a number of angels. Founded in 2012 by Veer Gidwaney, CEO, Maxwell Health […]
Pymetrics, a New York City-based career assessment and recruiting platform provider, closed $2.5m in seed funding. The round was led by Khosla Ventures with participation from angel investors Bob Pittman, Jeff Hammerbacher and Andy Palmer, as well as Terry McGuire of Polaris Ventures. In conjunction with the funding, Benjamin Ling, a partner at Khosla Ventures, […]
Moovit, an Israeli crowdsourced transit mobile service, closed a $28m funding. The round, which brought total venture funding to $31.5m, was led by Sequoia Capital, with participation from its existing investors BRM Group and Gemini Israel Ventures. The company intends to use the funds to enhance service in the 100 cities in which it operates, […]
Soundhawk, a San Francisco, CA-based provider of a wireless device that users can personalize to improve their hearing, secured $5.7m in funding. The round was led by True Ventures. In conjunction with the funding, Puneet Agarwal, Partner at True Ventures, joined Soundhawk’s board. Founded by Dr. Rodney Perkins and led by Michael Kisch, CEO, Soundhawk […]
Viamedia, a Lexington, KY-based independent cable rep firm and provider of online advertising services, closed on a new $40m bank financing package. The facility, which was led by PNC Bank and U.S. Bank, will replace Viamedia’s prior bank facility and will reinforce the economic position and flexibility of the company. Led by Jeff Carter, CEO, […]
PureCars, a Charleston, SC-based provider of digital dealer solutions, closed a $5m Series B funding round. Backers included Gemini Investors and Stage 1 Ventures. The company intends to use the funds to further expand operations. Led by Jeremy Anspach, President and CEO, PureCars provides a suite of products that allows dealers to showcase the value […]
Glue Networks, a Sacramento, CA-based network automation company, raised $12.4m in funding. The round followed a $4.5m angel round closed in December 2010 (read here). Backers were not disclosed. The company intends to use the funds to scale the business. It is currently hiring in engineering, sales, and service delivery (read here). Founded in September […]
Lineagen, Inc., a Salt Lake City, Utah-based molecular diagnostics company focused on complex, genetically linked disorders, completed a $3.5m series C round of financing. The round, which included $2.6m in equity capital and $0.9m in convertible senior subordinated notes, was led by existing investors Signal Peak Ventures and Sanderling Ventures, with participation from current investors […]