Extole has raised $5 million in funding. Norwest Ventures, Shasta Ventures, Redpoint Ventures and Trident Capital were the investors. The capital infusion will be used for product development. Also, Extole has named Mark Cyster as chief technology officer and Chris Duskin as VP of marketing. Headquartered in San Francisco, Extole is a referral marketing platform.
3 min read · 10 December 2013
Novomer has raised an undisclosed amount of venture funding. Saudi Aramco Energy Ventures, the corporate venture arm of Saudi Aramco, led the round. Based in Waltham, Mass., Novomer is an emerging sustainable chemical company.
2 min read · 10 December 2013
Indi Molecular has closed $300,000 as an add-on in its seed financing from Asset Management Ventures. This investment brings the company's total seed round, which was led by InterWest Partners, to $1.8 million. Based in Culver City, Calif., Indi Molecular is an emerging life sciences company.
6 min read · 10 December 2013
The Zebra said Tuesday that it has closed $3 million as an add-on in its seed financing round. Investors included Simon Nixon, Mark Cuban, Mike Maples, Jr., Floodgate, Silverton Partners, Birchmere Labs and Swallow Point Ventures. Based in Austin, Texas, The Zebra is a real-time auto insurance comparison platform.
3 min read · 10 December 2013
Swiss biopharmaceutical company Covagen has raised has CHF 42 million in Series B financing. New investor Swiss biopharmaceutical company Covagen has raised CHF 42 million in Series B financing. New investor Gimv led the round with participation from Ascent Biomedical Ventures, Novartis Venture Fund, Edmond de Rothschild Investment Partners, Seroba Kernel Life Sciences, Ventech and MP Healthcare Venture Management. Also, Covagen has named Gimv's Dr. Karl Naegler and Ascent Biomedical Ventures' Dr. Avi Kometz to its board of directors.
4 min read · 10 December 2013
Simulmedia said Monday that it has secured $25 million in Series D funding. New investor Valiant Capital led the round with participation from R&R Venture Partners, Avalon Ventures, Union Square Ventures, Time Warner Investments and Allen & Company. Based in New York City, Simulmedia is a television ad targeting company.
2 min read · 10 December 2013
DataHero said Monday that it has closed $3.15 million in additional seed funding. Existing investor Foundry Group led the round. Based in Palo Alto, Calif., DataHero is a web application that helps business users understand their data.
2 min read · 10 December 2013
Pappas Ventures has named Dr. Franz B. Humer as a venture partner and senior advisor. Currently, Humer is the chairman of Roche Holding Ltd. Based in Durham, North Carolina, Pappas Ventures is a life science VC firm.
3 min read · 10 December 2013
Q Factor has hired Eric Bomarsi as vice president of engineering. In his new position, Bomarsi will oversee all aspects of product development and quality assurance. Previously, Bomarsi worked at Taqua where he led the systems engineering team. Headquartered in Waltham, Mass., Q Factor is a provider of solutions that streamline the delivery of rich media to any device on any network. It is backed by Sigma Prime Ventures and Venrock.
3 min read · 10 December 2013
Utilidata said Tuesday that it has closed more than $20 million in Series B financing. Formation 8 Partners and Saudi Aramco Energy Ventures led the round with participation from return backers Braemar Energy Ventures and American Electric Power. Concurrent with the funding, Jim Kim, founder of Formation 8, will join Utilidata’s board of directors. Headquartered in Providence, Rhode Island, Utilidata is a provider of voltage optimization and digital automation solutions for the electric utility industry.
4 min read · 10 December 2013
