Milestone Venture Partners and Osage Venture Partners have backed Identropy, a maker of identity and access management software, to the tune of $4 million. The Series A round will support growth of the company’s cloud-based technology, and will be used to expand sales and marketing efforts. The start-up is based in Moonachie, New Jersey.
3 min read · 17 January 2012
Change Healthcare Corp. announced a second closing of its Series C round, which totaled $9.3 million. The company is backed by BlueCross BlueShield Venture Partners, Sandbox Industries, Mitsui & Co. Global Investment Inc., West Health Investment Fund and Solidus Co. The company closed an initial Series C tranche in September. BlueCross BlueShield Venture Partners is a corporate venture fund sponsored by the Blue Cross and Blue Shield Association
3 min read · 17 January 2012
AppDynamics, a San Francisco-based maker of application performance management software, has raised $20 million in Series C financing. New investor Kleiner Perkins Caufield & Byers led the round, which also included participation from founding investors Greylock Partners and Lightspeed Venture Partners. The money will go toward growth efforts.
4 min read · 17 January 2012
SSM Partners provided $4 million in Series A financing to New Era Portfolio, a fine art publisher, printmaker and framer focused on consumer and design industry customers. Formed in 2000, New Era Portfolio owns GalleryDirect.com, New Era HD and New Era Walls. The money will be used for growth efforts.
3 min read · 17 January 2012
Austin Ventures led a $4.1 million Series B round for Houston-based Onit, which develops business productivity and process management apps. Principals of RedHouse Associates, a Houston incubator and consultancy, are also participating in the round. The start-up will use the round for product development and expansion.
3 min read · 17 January 2012
Flexiant, a developer of cloud automation software, has raised 1 million pounds ($1.53 million) and named John Pocock chairman, and George Knox chief executive. Flexiant is based in Edinburgh.
2 min read · 17 January 2012
The Korea Seoul Life Science Fund has put $2.6 million into CrystalGenomics Inc., a clinical stage biopharmaceutical company based in Korea. The company has raised a total of $20 million across this round and previous bond issuances. The company will use the money for continued research and development.
3 min read · 13 January 2012
Sunnyvale, Calif.-based AQT Solar, a developer of thin-film solar cells, has raised $18.7 million in new venture funding. The Series B round will be used to deploy a second line of solar cells. The company has raised a total of about $40 million. Investors were not disclosed.
2 min read · 13 January 2012
Semprius Inc., a developer of high concentration photovoltaic solar modules, has closed on $3 million in venture funding. Morgan Creek Capital Management; Illinois Emerging Technologies Fund, which is managed by IllinoisVENTURES; and In-Q-Tel contributed to the investment round. IllinoisVENTURES and In-Q-Tel are existing shareholders in the company. Funding will help the company expedite construction of a pilot plant to produce high-efficiency, low-cost solar modules, the company said.
2 min read · 12 January 2012
Tuscon-based Sion Power Corp., a maker of rechargeable lithium sulfur batteries, announced Thursday that it sealed $50 million in equity financing from chemical maker BASF. The company did not disclose the size of BASF’s stake in Sion Power. In December, peHub reported the $50 million financing, citing a regulatory filing. The Sion Power board includes James Simons, president of investment firm Renaissance Technologies Corp.; and Leo Guthart, chief of Long Island-based venture capital firm Topspin Partners.
3 min read · 12 January 2012
