DAG Ventures led a $8.5 million round in taulia Inc., the cloud-based discounting solutions provider for the SAP space. DAG was the lead investor, and is a new investor; Matrix Partners and Trinity Ventures, existing investors, also participated. Josh Hannah, general partner with Matrix, Trinity’s Noel Fenton and Greg Williams, Managing Director of DAG Ventures, worked on the transaction.
3 min read · 26 July 2011
2 min read · 26 July 2011
LucidChart, the California-based web diagramming application, raised $1 million in seed financing from 500 Startups, 2M Companies, K9 Ventures and other angels, the company revealed. LucidChart CEO Karl Sun said the round of seed funding will be used to grow the company’s staff.
3 min read · 26 July 2011
Nuventix, the Texas-based maker of LED cooling technology for efficient lighting displays, revealed that GE Energy Financial Services and The Bergquist Company joined existing investors Braemar Energy Ventures, CenterPoint Ventures, InterWest Partners and Rho Ventures to provide the company with a $10 million investment. Specifics on the investment were not publicized.
2 min read · 26 July 2011
Varolii Corp., the interactive messaging company, has raised $8 million from investors including BlueRun Ventures, Draper Fisher Jurvetson, Institutional Venture Partners and InterWest Partners. The company also announced that Seattle veteran software executives, Lee Roberts and William Bryant, are joining its board of directors.
4 min read · 26 July 2011
5 min read · 26 July 2011
Innovalight has been acquired by DuPont’s electronics and communications unit, according to a statement announced by the companies. Innovalight builds low-cost solar modules. Its backers include ARCH Venture Partners, Apax Partners, Sevin Rosen, Silicon Valley Bank and Convexa Capital Ventures.
4 min read · 25 July 2011
Bigshoebazaar, the South Asian wholesaler of retail goods, received a Rs 40 crore investment from Catamaran Ventures and Nexus Venture Partners in its second round of funding. Specifics of the transaction were not publicized.
3 min read · 25 July 2011
UBS has named Barclays veteran Michael Konigsberg its head of leveraged finance. Konigsberg also spend 23 years at Lehman Bros. He will report to Brendan Connolly, global leveraged finance head with UBS.
1 min read · 25 July 2011
Petmate, the maker of pet products including Bamboo, Booda, Dogzilla, Fat Cat and LeBistro, will acquire Kennel-Aire, a maker of plastic carriers. It’s the second deal for Petmate since Wind Point Partners invested in the company earlier this year. Paul Peterson, a WPP principal, worked on the transaction from the private equity firm.
2 min read · 25 July 2011
