Waltham, Mass.-based PatientKeeper Inc. has raised $6 million in growth capital from shareholders Flybridge Capital Partners, New Enterprise Associates and Whitney & Co. The company, a provider of physician healthcare information systems, said it will use the new money for continued development, and expansion of its professional services organization.
3 min read · 22 December 2011
Portland-based Cloudability has raised $1.1 million in seed financing from Trinity Ventures and Walden VC. The round includes $255,000 in funding from a local consortium of Portland-based angel investors, the company said. Cloudability develops technology to help users manage and monitor all of your cloud costs.
3 min read · 22 December 2011
Menlo Park, Calif.-based SurDoc Corp. has launched with $4 million in venture funding from IDG Ventures. The company is focused on document processing and backup technology, and recently launched a new service providing free cloud storage and backup services.
4 min read · 22 December 2011
Goldman Sachs and Jerusalem Venture Partners have co-led a $40 million financing for Cyber-Ark Software. As part of the round, JVP’s Founder and Chairman Erel Margalit will be nominated chairman, and David Campbell, a vice president in the merchant banking division at Goldman Sachs, will join the board. Cyber-Ark makes security products designed to protect and manage "privileged accounts and sessions, critical applications and sensitive information," the company says. Cyber-Ark is based in Newton, Mass.
5 min read · 21 December 2011
NexSteppe, a developer of sustainable feedstock solutions for the biofuels, biopower and biobased products industries, has raised $16 $14 million. Braemar Energy Ventures led the second round for NexSteppe. As a result, Dennis Costello, a partner at Braemar Energy Ventures, has joined the company’s board. Returning investors CYM Ventures and Zygote Ventures also participated. NOTE: A representative contacted peHUB and said the initial $16 million figure listed in the press release was inaccurate.
3 min read · 21 December 2011
Spreecast Inc., a social video broadcasting platform started by StubHub co-founder Jeff Fluhr, has raised $4 million in seed financing. Spreecast received funding from Frank Biondi, former CEO of Viacom; Gordon Crawford, media and technology investor at The Capital Research Group; and Edward Scott, Jr., founder of BEA Systems. The San Francisco-based company revealed last week in a regulatory filing that it had sealed $2.3 million in funding. Spreecast launched a public ‘beta’ version of its platform in November.
2 min read · 21 December 2011
Chicago-based Music Dealers LLC, which aims to connect independent artists and music licensors into audio/visual media, has raised $2.18 million in Series B financing. The company, formed in 2008, did not disclose details about investors, but said that it has raised a total of $5.25 million.
2 min read · 21 December 2011
San Francisco-based Keas, maker of a social game designed to promote healthy living, has raised $6.5 million in Series B financing. Atlas Venture and Ignition Partners co-led the round. The company will use the funds to expand, bolstering its sales and marketing efforts.
3 min read · 21 December 2011
BestVendor has closed a $3 million Series A round co-led by RRE Ventures and SoftBank Capital. Additional investors include Lerer Ventures, who invested in the company's seed round, along with David Tisch, Founder Collective and Old Willow Partners, the company announced Tuesday. New York-based BestVendor is an online resources where users share and recommend work-related applications.
3 min read · 20 December 2011
EnVerv Inc., a fabless semiconductor company based in San Jose, Calif., has raised $12 million in Series B financing led by Benchmark Capital. Previous investors NEA and Walden International also participated in the round.
2 min read · 20 December 2011
