Technology Crossover Ventures has invested an undisclosed amount into Sitecore, a maker of website content management and online marketing software. Terms were not disclosed. David Yuan, a TCV General Partner, will join the current Sitecore board. Also joining the board will be Bob Burke, former CEO of Art Technology Group.
3 min read · 05 December 2011
Actifio, a Waltham, Mass.-based storage platform company, has raised $33.5 million in Series C financing. Andreessen Horowitz led the round, which included existing investors North Bridge Venture Partners, Greylock Partners and Advanced Technology Ventures. Peter Levine, a general partner at Andreessen Horowitz, has joined the company’s board.
4 min read · 05 December 2011
The Slater Technology Fund has reinvested in energy management services company VCharge, bringing its total investment to $250,000. The new money comes as part of a $1.9 million funding round. Clean Energy Venture Group, Launchpad Venture Group and EOS Ventures also contributed to the round. The money will go toward development and additional hires.
3 min read · 05 December 2011
Publicly traded Vringo Inc. has closed on $3.35 million in new financing. The money comes from the issuance of 817,303 shares of common stock, and the conversion of $2.5 million of convertible notes from an earlier bridge financing round led by Benchmark Capital and DAG Ventures. Proceeds will go toward sales and marketing expansion, working capital and general corporate purposes.
4 min read · 05 December 2011
MasterCard Inc. led an $18 million round for mobile banking company mFoundry, the company announced Monday. Intel Capital, FIS and Motorola Mobility also participated in the round. MasterCard and Intel are new investors in mFoundry. The financing will go toward the development of new payments-related mobile products and services. mFoundry is based in San Francisco.
3 min read · 05 December 2011
XtremIO, a maker of enterprise flash storage array, has closed its extended Series B round with $19 million. Based in San Jose, Calif., XtremIO is backed by Battery Ventures, Giza Ventures, Jerusalem Venture Partners and Lightspeed Venture Partners. As a result of the latest round, David Gussarsky of Lightspeed will take a seat on the company’s board. Since it was formed in 2009, XtremIO has raised a total of $25 million.
3 min read · 05 December 2011
Software testing company uTest has closed a $17 million Series D round led by QuestMark Partners, with participation from previous Scale Venture Partners, Longworth Venture Partners, Egan-Managed Capital and Mesco Ltd., the company announced Monday. uTest, based in Boston, has raised a total of $37 million since it was formed in 2007.
3 min read · 05 December 2011
Lunera Lighting Inc., a maker of next-generation LED lighting, has added $14.3 million in equity and debt financing, according to a recent filing with the Securities and Exchange Commission. The round is planned to top out at about $23.3 million, according to the filing. The company’s board includes Gary Dillabough, a managing partner of The Westly Group; Steve Westly, the co-founder of The Westly Group; and HC Bailly, president of RCG Ventures.
1 min read · 02 December 2011
Define My Style, an online community that allows teenagers to design, share, advertise and purchase custom products, has closed a $690,000 seed-stage funding round. CincyTech led the round with a $250,000 investment. The Queen City Angels invested $100,000, Tech Coast Angels in Los Angeles invested $140,000, and the rest came from individual investors, the company announced Friday.
3 min read · 02 December 2011
Peter Thiel’s Founders Fund has raised $625 million for its fourth fund. The firm, which has been an early backer of companies including Facebook and Spotify, will invest in a mix of early-stage deals and follow-on investments across the aerospace, artificial intelligence, analytical software, emerging biotechnologies, robotics, education and consumer internet sectors.
3 min read · 02 December 2011
