Ithaca-based BinOptics Corp., a maker of lasers and monolithically integrated optoelectronic components, has raised $13.3 million in new funding. New investors Advantage Capital Partners, Enhanced Capital Partners, Gefinor Ventures, Onondaga Venture Capital Fund and Rand Capital participated in the round, as did existing shareholders ArrowPath Venture Partners, Cayuga Venture Fund, Draper Fisher Jurvetson and FA Technology Ventures. The new funding will go toward development and expansion efforts.
2 min read · 16 December 2011
Edison Ventures has put $4 million into New York City-based social media advertising company MediaBrix, the firm announced Thursday. The money will go toward product development and sales efforts.
3 min read · 16 December 2011
SOASTA has added $12 million in fresh capital from existing shareholders The Entrepreneurs' Fund, Canaan Partners, Formative Ventures and Pelion Venture Partners. The latest round brings SOASTA’s total raised to $32 million. The Entrepreneurs' Fund led the round, “significantly” increasing its stake, says Chief Executive Tom Lounibos. “It was pro rata or a slight uptick for everyone else,” he says.
4 min read · 12 December 2011
Klarna, an online payments service based in Stockholm, has closed $155 million financing from DST Global, General Atlantic and Sequoia Capital. The funding will support expansion efforts. With Klarna, consumers do not have to pay for products until they are delivered. The company says it handles more than $2.5 billion worth of transactions annually.
4 min read · 09 December 2011
SponsorHub, the maker of an online marketplace for the event sponsorship industry, has announced a list of investors that includes Vision Ventures, Sextant Group Chairman Archibald Cox Jr., media executive Joanne Katsch, investor Mark Semonian and Quotidian Ventures. The company did not release the amount of capital it has raised from investors. The company is based in New York.
4 min read · 08 December 2011
Bill payment and online invoicing company Bill.com has added $15.5 million in Series D financing. New investor Financial Partners Fund, a unit of Citi Capital Advisors, participated in the round, as did existing investors DCM, Emergence Capital Partners, August Capital, Jafco Ventures and Total Technology Ventures. The company is based in Palo Alto, Calif., and will use the money to expand operations, continue product development and for marketing efforts.
4 min read · 08 December 2011
General Catalyst Partners led a $20 million round for Plum Disctrict, a San Francisco-based local commerce platform for moms. New investors Comcast Ventures and Duke University contributed to the round, along with existing investor Kleiner Perkins Caufield & Byers. As a result of the funding, Raul Vazquez, the former president and chief executive of Walmart.com was named to the board of directors.
2 min read · 08 December 2011
Daily deal company LivingSocial disclosed in a regulatory filing Wednesday that it has raised $176 million in new financing, with plans to raise a total of $400 million. Reuters, citing an unnamed source, reported that the new financing “doubles the valuation of the daily deals service from its last fundraising round in April.” LivingSocial was planning to go public earlier this year in an IPO that may have raised about $1 billion at a valuation of $10 billion to $15 billion. In the summer, the company picked Bank of America Merrill Lynch, JP Morgan and Deutsche Bank to lead-underwrite the IPO, Reuters wrote. The company's venture investors include Lightspeed Venture Partners, US Venture Partners and Grotech Ventures.
2 min read · 08 December 2011
Edmodo, a San Mateo, Calif.-based online network for teachers and students in K12 schools, has raised $15 million in Series B financing. Greylock Partners and Benchmark Capital led the round and, as a result, Greylock’s Reid Hoffman has joined the company’s board along with Benchmark’s Matt Cohler. Edmodo’s existing investors include Union Square Ventures and Learn Capital, the company said.
3 min read · 08 December 2011
Granite Ventures is leading a $13 million round for online ad network Martini Media, the company announced Wednesday. Reed Elsevier Ventures, Silicon Valley Bank and Venrock are also contributing to the round, which will go toward commercializing its analytics and products. San Francisco-based Martini Media’s platform is designed to target affluent consumers.
2 min read · 07 December 2011
