Private Equity
Cloud service provider Ravello Systems has closed its second round of funding bringing the total amount raised to $26 million. Ravello is now backed by Sequoia Capital, Norwest Venture Partners and Bessemer Venture Partners.
4 min read · 05 February 2013
Taxi app network Hailo has secured a $30.6 million investment led by Union Square Ventures. Entrepreneur and Virgin Group founder Richard Branson and Japanese telco KDDI also invested in the latest financing.
6 min read · 05 February 2013
SaaS-based application management provider New Relic has raised $80 million in mezzanine financing to help the company expand into the mobile market, extend operations to Europe in preparation for a future public offering. Insight Venture Partners led the financing, which also included a major investment from accounts managed by T. Rowe Price Associates, Inc. Other participants included Dragoneer Investment Group LLC, Passport Ventures LLC, and the company's existing investors Allen & Company, Benchmark Capital, Trinity Ventures and Tenaya Capital.
4 min read · 05 February 2013
apceth has received the second round of funding for its stem cell-based cancer therapeutic. The funding is part of the m4 Initiative of the Munich Biotech Cluster.
3 min read · 05 February 2013
Invest Nebraska Corporation has closed financing in Virtual Incision, a Nebraska medical device company. The investment was completed with Prairie Gold Venture Partners and Bluestem Capital, both of Sioux Falls, SD. Terms of the investment have not been disclosed.
2 min read · 04 February 2013
TakeLessons, an online service marketplace for music lessons in the US, has secured a $4 million round of venture capital financing, bringing the total investment into the company to more than $12 million. Triangle Peak Partners led the round with participation from Siemer Ventures and existing investors Crosslink Capital and SoftTech VC.
2 min read · 04 February 2013
Truphone, an international mobile communications company, has secured 75 million pounds ($118 million) in its latest round of funding from investors including Roman Abramovich. Abramovich's investment vehicle, Minden, has acquired a 23.3 percent stake for 70 million pounds, valuing the company at 300 million pounds.
2 min read · 04 February 2013
Irish games developer Digit Game Studios has closed a US$2.5 million Series A funding. Delta Partners invested US$2.1 million from its Delta Equity Fund III Limited Partnership, with the remainder of the funds provided by the other existing investor ACT Venture Capital.
2 min read · 31 January 2013
Tomfoolery has raised a $1.7 million round of seed funding. The funding was led by Morado Ventures and Sam Pullara, Twitter and Yahoo veteran, now a managing director at Sutter Hill Ventures. Investors include Andreessen Horowitz, Jerry Yang of AME Cloud Ventures, Brad Garlinghouse, CEO of YouSendIt, David Tisch, co-founder of TechStars NYC, and other angel investors.
2 min read · 31 January 2013
Core Diagnostics has launched its operations in India. The company is backed by Artiman Ventures.
3 min read · 31 January 2013
