New World Ventures has exited its investment in HyperQuest Inc., a Buffalo Grove, Ill. insurance-software provider, selling the company to Texas-based Solera Holdings. Terms were not released. New World Ventures invested in HyperQuest in 2007. New World Ventures is a member of The Pritzker Group.
2 min read · 05 February 2013
Horizon Technology Finance Corp. has closed a $6 million venture loan facility for Raydiance Inc., which Raydiance will use to fund growth efforts. The company is a provider of femtosecond laser-based, precision manufacturing for the medical, automotive and consumer electronics markets.
3 min read · 05 February 2013
Enterprise middleware company WSO2 has closed on $10 million in new funding led by Toba Capital. Cisco and Intel Capital also contributed to the round. The funding will help WSO2 expand marketing, sales and support teams in the United States and Europe, the company said.
3 min read · 05 February 2013
eBaoTech, a maker of software for insurance industry, has raised $36 million in a round led by FTV Capital. Cathay Capital Private Equity also participated in the round.
3 min read · 05 February 2013
DropShip Commerce has added $4.3 million in venture funding. The company said that its founders committed $2.8 million and Kickstart Seed Fund led the additional $1.5 million with participation by Peterson Ventures, David Cohen of startup accelerator TechStars, and other unnamed angel investors. DropShip Commerce makes software focused on virtual supply chain management.
2 min read · 04 February 2013
Legend3D, a Carlsbad, Calif.-based 3D visual effects and conversion company, has raised $8 million in Series B financing. Monaco-based Augustus Ventures Limited and Northwater Capital Management Inc. led the financing. Legend3D has worked on movies including The Amazing Spider-Man, The Smurfs, and Transformers: Dark of the Moon.
2 min read · 04 February 2013
Ivantis has raised $27 million in a first closing of its Series B round, led by Ascension Health Ventures. Return investors New Enterprise Associates and Delphi Ventures, as well as new investors including MemorialCare Innovation Fund also participated in the round. Ivantis is focused on new technologies to treat eye disease.
4 min read · 01 February 2013
TruTouch Technologies, a developer of non-invasive biometric alcohol detection systems, has closed its B-1 financing round with $4.3M, the company announced. The money will go toward sales. Investors include the Launchpad Venture Group, a Boston-based angel investment group.
3 min read · 01 February 2013
Aduro BioTech Inc. has completed an equity financing of $6.5 million. Details of the round, which came from “current investors” were not disclosed. The company is focused on vaccine platforms for the development of vaccines for cancer, infectious diseases and biodefense.
2 min read · 31 January 2013
PagerDuty, a provider of IT alerting and incident management software, closed on a $10.7 million Series A funding round led by Andreessen Horowitz. Other investors include Webb Investment Network, Opscode founder Jesse Robbins, Harrison Metal, Baseline Ventures, and Ignition Partners. John O'Farrell, a partner at Andreessen Horowitz, has joined the PagerDuty board.
4 min read · 31 January 2013
