angela sormani

ServiceMax Inks $27 Million New Funding

ServiceMax, a provider of cloud-based, mobile and social field service applications has secured $27 million series D investment led by Crosslink Capital. Also participating in the round were Emergence Capital Partners, Mayfield Fund and Trinity Ventures. ServiceMax has raised $52 million to date.

SnapVolumes Secures $2.3m Seed Financing

SnapVolumes has emerged from stealth mode with an angel investment of $2.3 million from industry executives. SnapVolumes was founded in early 2011 to provide IT with a new approach to enterprise application life-cycle management that takes advantage of virtualization, supports legacy applications, eliminates the need for re-architecting or rewriting existing software, and works with existing management solutions. The company is headquartered in Los Altos, California.

Hearst Backs Spooky Cool Labs

Hearst Corporation has made a minority equity investment in Spooky Cool Labs, a new studio focused on creating one-of-a-kind branded games for mobile and social networks. Financial terms of the investment were not disclosed.

LightSail Energy Raises $37.3m Series D

LightSail Energy, a developer of energy storage technology, has raised $37.3 million in Series D funding led by San Francisco investor Peter Thiel. Khosla Ventures, which incubated the company and led LightSail’s earlier rounds, Bill Gates, Innovacorp, and several other investors also participated in the round.

OrderGroove Raises $6.7 Million

OrderGroove, a subscription and membership commerce business,has secured more than $6.7 million in venture capital financing. Fung Capital USA led the oversubscribed Series B round, with additional investment from Lerer Ventures, Legend and SWaN Ventures, Allegro Venture Partners, Bee Partners, as well as former Walmart.com CEO Raul Vazquez and NEW Corporation's chairman Fred Schaufeld.

3D Robotics Announces VC Funding, Expansion

3D Robotics has closed a $5 million funding round. The round was led by Jon Callaghan at True Ventures and Bryce Roberts of O'Reilly AlphaTech Ventures. Both will be joining the 3DR board.

LongTail Video Completes Series B led by Greycroft

LongTail Video, a provider of self-serve video solutions for web publishers, has completed a $5 million Series B funding round. The financing, LongTail’s first institutional round, was led by Greycroft Partners and included participation from Cue Ball Capital.

Ziarco Completes Series A

Ziarco, a clinical-stage biotechnology company, has completed a Series A financing. Biotechnology Value Fund L.P. and other affiliates of BVF Partners L.P. led the funding, with participation by Pfizer Venture Investments.

Kenshoo Raises $12m Led by Tenaya

Kenshoo, a digital marketing software provider, has raised $12 million in a late stage financing round led by Tenaya Capital. Existing investors including Sequoia Capital, Sequoia Growth Fund, and Arts Alliance participated in this latest round.

Neo Technology Raises $11m Series B

Neo Technology, creators of graph database Neo4j, has raised $11 million in Series B funding. The round, led by Sunstone Capital, brings the total amount raised by Neo Technology to more than $24 million. Neo Technology's existing investors, including Fidelity Growth Partners Europe and Conor Venture Partners, are also participating in this round.