Boston-based content production platform Skyword has raised $6 million from Cox Media Group. The company will use the cash to expand its platform and its sales and marketing efforts. Skyword is also backed by Allen & Company, Progress Ventures and American Public Media Group.
3 min read · 19 December 2011
Atox Bio, an Israeli pharmaceutical developer, has closed on $3.25 million in financing. Esperante co-led the round with an undisclosed U.S.-based investor. The funds will be used for continued development of its treatment of necrotizing soft tissue infections.
2 min read · 19 December 2011
Keating Capital announced Monday that it had invested $4 million as part of a $25 million Series C round for Agilyx Corp. Beaverton, Ore.-based Agilyx is an energy company focused on converting waste plastics into high value synthetic oil. Other investors in the Series C round include existing investors Kleiner Perkins Caufield & Byers, Saffron Hill Ventures, Chrysalix Energy Venture Capital, Waste Management, Total Energy Ventures International and Reference Capital.
3 min read · 19 December 2011
Pirq, a Seattle-based maker of a smartphone app for restaurant deals, has inked $2 million in its first venture financing. Kirkland, Wash.-based Rally Capital led the round. The money will be used to introduce new versions of its mobile app, and expand into new geographic markets, the company said.
3 min read · 19 December 2011
ABB Technology Ventures, the venture arm of power and automation technology group ABB, has put roughly $20 million into GreenVolts as part of a $35 million round for the California-based photovoltaic technology company. Existing investor Oak Investment Partners also contributed to the round. ABB said that it was taking a “substantial minority stake” in GreenVolts.
2 min read · 19 December 2011
Vodafone Ventures and Carmel Ventures have led a $9.2 million round for Israel’s CellEra, a developer of fuel cell technology. Israel Cleantech Ventures and B-2-V Partners also invested in the company. Ori Bendori, general partner at Carmel Ventures, joins the CellEra board as a result of the round.
3 min read · 19 December 2011
Spreecast Inc., the social video broadcasting platform started by StubHub co-founder Jeff Fluhr, has raised $2.3 million in equity financing, according to a regulatory filing. The company, based in San Francisco, does not list investors in the filing. Spreecast launched a public ‘beta’ version of its platform in November. Using its platform, Spreecast says that up to four people at a time can be face-to-face online, while others can watch the broadcast and participate by submitting questions and comments to those on the broadcast.
1 min read · 16 December 2011
Redmond, Wash.-based gaming start-up Novel Inc. has raised $1.6 million in equity financing, according to a filing with the Securities and Exchange Commission. The company is reportedly backed by McLean Capital and Nairbo Investment.
1 min read · 16 December 2011
Seventh Sense Biosystems Inc., a Cambridge, Mass.-based developer of technology for decentralized diagnostic testing, has sealed a $3.28 million grant from the Bill & Melinda Gates Foundation. Formed in 2008, the company is backed by investors including Flagship Ventures, Polaris Venture Partners and Third Rock Ventures.
4 min read · 16 December 2011
BlueSprig, a maker of utility apps intended to boost the security, privacy, performance and efficiency of personal devices, has raised $10 million in Series A financing from IDG-Accel's China Growth Fund. The company is based in San Francisco with a development center in Chengdu, China.
3 min read · 16 December 2011
