Babbel, maker of an online learning system for foreign languages, has closed its Series B round with $10 million, the company announced. The company, which previously raised $2.2 million in equity and debt financing, is backed by Reed Elsevier Ventures, Nokia Growth Partners, IBB Beteiligungsgesellschaft, and Kizoo.
5 min read · 26 March 2013
Square 1 Bank has provided a $1.4 million term loan to San Francisco-based Stitch Labs, an inventory management company. The money will help with growth efforts.
2 min read · 26 March 2013
9th Street Investments has led a $6.5 million financing round for EmiSense Technologies, a developer of exhaust and intake oxygen sensors, and hydrocarbon sensors. The company is based in Ladera Ranch, Calif.
2 min read · 26 March 2013
Green Automotive Co. has entered into a $3 million common stock purchase agreement with Kodiak Capital Group, the company announced. Green Automotive is a niche vehicle design, engineering, manufacturing, and sales company. Kodiak is based in Newport Beach, Calif.
4 min read · 26 March 2013
High Street Partners, a developer of business software and services focused around international expansion, inked $8 million in new financing. Baird Capital led the round, which included participation from Sigma Partners and Gold Hill Capital.
4 min read · 25 March 2013
Minimally Invasive Devices Inc. has raised $9 million in Series B financing. Canaan Partners led the round, with participation from Charter Life Science, an existing backer. As part of the round, Brent Ahrens, general partner at Canaan Partners has been appointed to the board. The company also announced that it added Jim Bobbitt as vice president of sales.
3 min read · 25 March 2013
Pluribus Networks has raised $44 million in Series C financing from investors including China Broadband Capital, Menlo Ventures, New Enterprise Associates, and Mohr Davidow Ventures. The Palo Alto, Calif.-based company developers hardware-accelerated network virtualization technology for cloud datacenters.
3 min read · 25 March 2013
Redwood City, Calif.-based Sherpa has raised $1.6 million for its virtual personal assistant app for Android-powered mobile devices. The money came from unnamed angel investors. Sherpa launched the beta version in Spanish-speaking countries at the end of 2012, and has plans to release an English-language version.
3 min read · 25 March 2013
iStreamPlanet, a maker of live streaming video technology, has raised an undisclosed amount of Series A financing led by Intel Capital. Juniper Networks has also completed a strategic investment as part of the round. The money will be used for development.
3 min read · 22 March 2013
Tapad, a provider of “unified cross-device advertising” technology, has raised a Series B round totaling $6.5 million. Investors include Firsthand Technology Value Fund, FirstMark Capital, Avalon Ventures, Metamorphic Ventures, Lerer Ventures. Individual investors in the company include former DoubleClick CEO David Rosenblatt, AppNexus founder Brian O'Kelly, former Huffington Post CEO Eric Hippeau, 24/7 Real Media co-founder Geoff Judge and QUIGO founder and CEO Mike Yavonditte.
4 min read · 22 March 2013
