Private Equity
GoCoin said Thursday that it has closed $550,000 in seed funding. Investors included Stephens Investment Management, Ruvento Ventures, Demarest Ventures as well as former Facebook and Amazon executive Owen Van Natta and Ooma founder Andrew Frame. Also, the company has named co-founder Steve Beauregard as CEO and Brock Pierce as chairman of the board. Headquartered in Singapore, GoCoin is a platform that enables online and retail merchants to accept Bitcoin as payment for purchases.
3 min read · 07 November 2013
Funambol said Thursday that it has closed an undisclosed amount of funding from Harbert European Growth Capital Fund, an alternative investment fund sponsored by Harbert Management Corp. Based in Foster City, Calif., Funambol is a provider of white-label personal cloud solutions. It is backed by Nexit Ventures, Castile Ventures and H.I.G. Growth Partners.
4 min read · 07 November 2013
Project Frog said Thursday that it has closed $20 million in Series D funding. The investors were CCM US and members of the Cleantech Syndicate, including its manager, McNally Capital. Based in San Francisco, Project Leader is a developer of technologically-advanced component buildings.
4 min read · 07 November 2013
Phi Optics has raised $250,000 in seed funding. Serra Ventures led the round with participation from Newport Holdings and Illinois Ventures. Based in the EnterpriseWorks incubator in the University of Illinois Research Park, Phi Optics is a developer of imaging solutions for life sciences and bio-pharma researchers.
2 min read · 07 November 2013
Lime&Tonic said Thursday that it has raised one million euros in angel funding. Investors included Graham Potts, co-founder of Jobsite, Ariadne Capital's Julie Meyer, Earlybird Capital's Cem Sortoglu, 3TS Capital's Daniel Lynch and Miroslav Boublik, managing director at Craig Capital. Lime&Tonic is a digital concierge service for people's social lives.
2 min read · 07 November 2013
Coresystems said Thursday that it has raised $15.5 million in Series A funding from private Swiss and German tech investors. According to the firm, the capital will be used for product enhancements as well as business development and sales initiatives. Also, Coresystems has hired Torsten Svensson as global head of sales. Headquartered in Windisch, Switzerland, Coresystems is a provider of cloud-based mobile business solutions.
4 min read · 07 November 2013
Ennovar, a portfolio company of Black Pearl Capital, has received a working capital facility from "one of Europe's leading commodity financing specialists." No financial terms were disclosed. Based in London, Ennovar is a sustainable fuels company.
2 min read · 07 November 2013
CIT Group said Wednesday that CIT Corporate Finance provided a $35 million credit facility to Central States Tower II. A portfolio company of Sweetwater Capital and Viridian Investment Partners, CST II is a operator and developer of wireless communications towers.
4 min read · 06 November 2013
According to Fortune, Primary Data has closed $50 million in its initial round of funding. The publication reports that the lead investor was Accel Partners with participation from Battery Ventures, Pelion Venture Partners, Lightspeed Venture Partners and Wing Capital Group. Based in Salt Lake City, Primary Data is a provider of software-defined data center technologies.
1 min read · 06 November 2013
Tailwind said Wednesday that it has closed $1 million in financing. The lead investor was i2E. SeedStep Angels and unnamed individual investors also participated in the round. Tailwind, which was formerly known as PinLeague, is a Pinterest analytics firm.
3 min read · 06 November 2013
