Publicly traded iRobot Inc. has put $6 million into InTouch Health, a developer of “remote presence telemedicine” technology. The deal includes an expanded partnership between the two companies that involves exploring healthcare applications on iRobot platforms.
3 min read · 31 January 2012
Mason, Ohio-based AssureRx Health Inc. has sealed $8 million in debt financing from Silicon Valley Bank. The funds will be used to provide working capital and finance new product launches, the company said in a written released. The credit line follows an $11 million Series B round, which closed last year. The company is backed by investors including Claremont Creek Ventures, Sequoia Capital, Cincinnati Children’s Hospital Medical Center, Mayo Clinic, CincyTech and Allos Ventures.
4 min read · 31 January 2012
San Francisco-based UrbanSitter has raised $1.75 million in seed funding led by First Round Capital. Rustic Canyon Partners, Menlo Ventures and several angel investors also participated in the round. UrbanSitter is an online service for parents and babysitters to connect through people they know.
3 min read · 31 January 2012
Sumo Logic, a Mountain View, Calif.-based developer of log management and analytics software, has closed on $15 million in Series B financing led by Sutter Hill Ventures, with participation from founding investors Greylock Partners and angel investor Shlomo Kramer. The latest round brings Sumo Logic’s total funding to $20.5 million. The money will go toward engineering and “go-to-market” activities, the company said.
4 min read · 31 January 2012
Toronto-based SeaWell Networks Inc., a maker of multi-platform video delivery software for network operators, has raised $5 million in Series B financing. Northwater Intellectual Property Fund LP 2 led the round, with participation by BDC Venture Capital. The money will be used to support ongoing trials with customers, and to expand sales and distribution, the company said.
3 min read · 31 January 2012
Xagenic Inc., a molecular diagnostics company spun out of the University of Toronto, has raised $10 million in Series A financing co-led by CTI Life Sciences Fund and the Ontario Emerging Technologies Fund. QIAGEN N.V. also participated in the round. Toronto-based Xagenic will use the funds to continue development of its technology for decentralized, rapid diagnostic testing.
3 min read · 30 January 2012
RelayFoods.com has added $3.1 million in new capital from return investor Battery Ventures and other, undisclosed investors. The company, which sells groceries, specialty foods, and local farm products online, has raised a total of $5.5 million. The latest infusion will be used for expansion.
3 min read · 30 January 2012
New Wave Group, of Sweden, has acquired Paris Glove of Canada, according to a Dec. 1 statement. Financial terms weren't announced.
3 min read · 27 January 2012
Technology Crossover Ventures has put an undisclosed amount into iPipeline, a provider on-demand marketing, selling and processing technology. As a result, Technology Crossover Ventures general partner Robert Trudeau will join iPipeline's board. iPipeline is also backed by NewSpring Capital and Volition Capital.
3 min read · 20 January 2012
Kiwi Crate, whose subscription-based service offers hands-on activities for kids, has raised $5 million in Series A financing. Existing investors First Round Capital, Mayfield Fund, Felicis Ventures, Forerunner Ventures, Consigliere Brand Capital, Uj Ventures and 500 Startups all participated in the round.
3 min read · 20 January 2012
