Razer, a Carlsbad, Calif.-based gaming hardware company, has raised $50 million in a venture capital financing round led by IDG-Accel China Capital Fund. The minority investment is Razer’s first VC financing. Previously the company was backed by angel investors.
2 min read · 20 December 2011
Advertising technology company Appssavvy has raised $7.1 million in Series 1-A financing, the company announced Tuesday. Appssavvy previously raised $3.1 million from True Ventures, The New York Times Company and individual investors including Scott Kurnit, founder of About.com. The latest round comes from current investors and new investor AOL Ventures, the company said.
4 min read · 20 December 2011
Woburn, Mass.-based biotech company Excelimmune Inc. has raised $12 million from an undisclosed investor to help it develop its infectious disease programs. Terms of the deal were not released. Formed in 2006, the company specializes in the development of recombinant polyclonal antibodies to create novel therapies for treating disease.
2 min read · 20 December 2011
LogoGarden.com has raised $2 million for its online service for creating do-it-yourself logos, brochures, postcards and other print materials. The Nashville, Tenn.-based company is backed by FCA Venture Partners. Matt King and John Burch of FCA Venture Partners will join the LogoGarden board.
3 min read · 20 December 2011
Irvine, Calif.-based biotech company Aviir Inc. announced Tuesday that it had sealed an agreement with investors to raise up to $30 million. The financing includes an initial investment of $10 million and future investments of up to $20 million upon achieving certain milestones. Merck Global Health Innovation Fund led the round. Current investors Bay City Capital, Aberdare Ventures, and New Leaf Venture Partners also participated.
4 min read · 20 December 2011
Texas-based eRecyclingCorps, the developer of an in-store credit platform for recycling wireless devices, has raised $35 million in a new round led by Kleiner Perkins Caufield & Byers. ERC launched in 2009, and previously raised capital from OpenAir Equity Partners and SJF Ventures.
3 min read · 20 December 2011
Google has poured $94 million into a portfolio of four solar photovoltaic projects being built by solar developer Recurrent Energy, the company announced on its blog. The deal brings Google’s investment in clean energy to more than $915 million. Google is investing alongside Kohlberg Kravis Roberts & Co. and Recurrent Energy in the projects, which are being built near Sacramento, Calif., and are designed to provide energy to the grid. In a blog post, Google said it will provide a $94 million equity investment, and SunTap Energy, a new venture formed by KKR, will provide the remaining equity.
2 min read · 20 December 2011
Copenhagen-based Ge.tt has raised 350,000 euro ($457,400) from venture capital firm Atomico. Ge.tt is the maker of a browser-based file transfer service. The company will use the cash to add to its staff.
5 min read · 20 December 2011
Stion, a manufacturer of thin-film solar modules, has raised $130 million in equity financing led by AVACO and Korean private equity funds. Existing investors Khosla Ventures, Taiwan Semiconductor, Lightspeed Venture Partners, Braemar Energy Ventures and General Catalyst Partners all participated in the round, the company said. The money will help Stion continue a planned expansion of its manufacturing facility in Hattiesburg, Miss. The company will also put $35 million into a Korean manufacturing subsidiary. Stion is based in San Jose, Calif.
2 min read · 20 December 2011
Cohera Medical, a Pittsburgh-based developer of absorbable surgical adhesives and sealants, announced Monday that it has secured $25 million in Series C financing. The company said that $16.5 million came from existing investors, with $9 million raised through new backers. Specific details about investors were not released. The company is backed by investors including Kern Whelan Capital.
3 min read · 19 December 2011
