Bolt HR said Wednesday that it has received undisclosed funding from an unidentified New York City-based private equity fund. According to Bolt HR, the capital will be used for staffing and development. Also, the company has named Eric Fleming as chief technology officer. Based in Jacksonville, Florida, Bolt HR is a provider of human resources solutions for the small and medium business market. Its backers include Metro Global Ventures.
2 min read · 04 December 2013
Persistent Systems has launched an early-stage venture fund. No financial terms were disclosed. According to the company, the fund's focus will be on "supporting innovation in social, mobile, analytics and cloud computing technologies." The fund has made an undisclosed investment in Ustyme, an iPad video-call app. Persistent is a global provider of software products and technology services.
3 min read · 04 December 2013
Playnery has raised $2.8 million in Series B financing. JAFCO Asia, a Japanese VC firm, led the round. Headquartered in Korea with an office in San Jose, Calif., Playnery is a games developer. Its other backers include Softbank Ventures, Qualcomm Ventures and Stonebridge Capital.
2 min read · 04 December 2013
Snapsheet said Wednesday that it has closed $10 million in Series B funding. No investors were named. Also, the company has named David Bauer as its chief operating officer. Based in Chicago, Snapsheet is a mobile app that settles auto insurance claims by photo.
2 min read · 04 December 2013
Juno Therapeutics, a new biotechnology company focused on developing immunotherapies for cancer, has launched. Juno has raised $120 million in its initial funding. Investors include ARCH Venture Partners and the Alaska Permanent Fund, through a partnership managed by Crestline Investors. Juno has named Hans Bishop as CEO. Juno was launched by the Fred Hutchinson Cancer Research Center, Memorial Sloan-Kettering Cancer Center and Seattle Children’s Research Institute.
4 min read · 04 December 2013
Sweetgreen said Wednesday that it has received $22 million in funding from Revolution Growth. As a result of the transaction, Steve Case, co-founder of Revolution Growth, will join the company's board and serve as an advisor to its founders. According to the company, the capital will be used for national expansion, personnel hiring and marketing. Based in Washington, D.C., Sweetgreen is an organic food chain on the East Coast.
5 min read · 04 December 2013
According to Xconomy, Biomark Capital has spun off from Burill Capital Fund IV. The new venture firm has offices in Greenwich, Conn., Moscow and San Francisco. The site reported that Biomark Capital will continue to run Burrill Capital fourth fund's existing portfolio and is seeking to raise additional financing by the end of the year. Biomark investment team is made up of David Wetherell, Douglas Lind, Bryant Fong, Joshua Zelig, Sergey Axenovich, and Janos Redei as an entrepreneur-in-residence. Burrill Capital's fourth fund has raised $200 million.
1 min read · 04 December 2013
Digital media and tech company Kitara Media Corp. has bought Health Guru Media. No financial terms were disclosed, however, according to terms of the deal, Health Guru Media stockholders will receive a total of 18 million shares of Kitara Media stock. Also, Kitara Media CEO Robert Regular will remain in place while Joshua Silberstein, CEO of Health Guru Media, will become president. Based in New York, Health Guru Media operates Healthguru.com, an online video resource site for consumers. Health Guru's backers included Western Technology Investment, Castile Ventures and Village Ventures.
3 min read · 04 December 2013
The Wall Street Journal reported on Wednesday that Hoxton Ventures has raised $40 million for a new fund aimed at early-stage companies in Europe. Based in London, Hoxton Ventures is an early-stage VC firm.
1 min read · 04 December 2013
According to TechCrunch, Ticketland has closed $10 million in funding from iTech Capital. The site reported that the capital infusion will be used to "implement new online services and marketing initiatives based on Big Data tech." Based in Russia, Ticketland is an event ticketing company.
1 min read · 04 December 2013
