Private Equity
Skyhigh Networks said on Wednesday that it has received $20 million in Series B financing. The lead investor was Sequoia Capital. Greylock Partners, an existing investor, also participated in the round. Also, Aaref Hilaly, a partner at Sequoia Capital, has joined Skyhigh Networks’ board of directors. Skyhigh Networks, a provider of cloud solutions, is based is Cupertino, Calif.
4 min read · 22 May 2013
Square 1 Bank, a banking partner to entrepreneurs and the venture capital community, said on Wednesday that it has provided a loan and revolving line of credit to Advanced Liquid Logic. No financial terms were disclosed. Headquartered in Research Triangle Park, North Carolina, with additional facilities in Grenoble, France, Advanced Liquid Logic is a life science technology company.
2 min read · 22 May 2013
M2fx said on Wednesday that it has raised $3 million in funding. Linnaeus Capital Partner B.V., an existing investor, led the round. The funding will be used to accelerate the company's worldwide sales and expand its customer base. Headquartered in the U.K. with global sales facilities, m2fx is a fiber optic cable producer.
3 min read · 22 May 2013
Zentila said on Wednesday that it has closed $2.1 million in a Series A financing round. The lead investor was Vocap Ventures. Based in Winter Garden, Florida, Zentila is an online meeting planning platform.
2 min read · 22 May 2013
Urturn, a social platform, said on Wednesday that it has completed Series A funding of $13.4 million. The fundraising round included a $10.7 million investment by Balderton Capital, a European venture capital firm, and a $2.7 million investment from the private equity division of Debiopharm Group, a Swiss-based global pharmaceutical company. And as part of the agreement, Balderton's founding partner Barry Maloney will join Urturn's board.
5 min read · 22 May 2013
OurCrowd, a VC-crowdfunding platform, said on Wednesday that it has completed financing for Zula, a mobile communications platform. Although financial terms were not disclosed, OurCrowd said that Zula's funding pushed OurCrowd's total raised for early stage companies to above $12 million.
2 min read · 22 May 2013
AlephCloud said on Wednesday that it has closed $7.5 million in Series B financing. The lead investor was Handbag, LLC, a venture capital firm founded by former Crosspoint general partner Seth Neiman. AlephCloud also added that Neiman has joined the company’s board of directors. AlephCloud is a Silicon Valley startup that provides new technology for managing cloud content privacy and provenance in public clouds.
3 min read · 22 May 2013
Happy Cloud, an online games provider, said on Wednesday that it has raised $4.25 million in Series A funding. The lead investor was Avalon Ventures. Jesselson Capital and Shaman Ventures also participated in the round. The funding will help Happy Cloud beef up its team and prepare the launch of a games-on-demand service offering. Also, Tamir Buchler, an ecommerce veteran, was named Happy Cloud's CEO.
2 min read · 22 May 2013
Cloudscaling said on Wednesday that it has closed its Series B funding at $10 million. Investors included Trinity Ventures, Juniper Networks and Seagate. Cloudscaling is a provider of elastic cloud solutions and is based in San Francisco, Calif.
3 min read · 22 May 2013
Change.org said on Tuesday that it has received a $15 million round of financing led by Omidyar Network, a philanthropic investment firm established by eBay founder Pierre Omidyar and his wife Pam. Uprising, an investment fund based in San Francisco, also participated in the round. Omidyar Network will hold a minority stake in the company. Also, Chris Bishko, an investment partner at Omidyar Network, will join Change.org’s Board of Directors. Change.org is a petition platform.
3 min read · 21 May 2013
