Allena Pharmaceuticals Inc., a company developing oral protein therapeutics, has raised $15 million in a first round of venture funding. Bessemer Venture Partners, Frazier Healthcare and Third Rock Ventures led the Series A round. The funding will help fund development. Allena Pharmaceuticals is based in Newton, Mass.
2 min read · 16 November 2011
Happiest Minds, a Bangalore-based IT services company, has closed on $45 million in Series A financing. Venture funds Canaan Partners and Intel Capital, as well as individual investor Ashok Soota, contributed to the round. The infusion will help Happiest Minds expand its team and bolster sales and marketing.
4 min read · 16 November 2011
Santa Monica, Calif.-based ServiceMesh, a maker of an enterprise cloud platform, has closed on $15 million in new funding led by Ignition Partners. Frank Artale, a partner at Ignition, will join the ServiceMesh board.
3 min read · 16 November 2011
San Mateo, Calif.-based Marketo, a provider of revenue performance management technology, has closed a $50 million venture round led by Battery Ventures. Existing investors Institutional Venture Partners, InterWest Partners, Mayfield Fund and Storm Ventures also participated. The company will use the infusion to fund growth efforts.
4 min read · 16 November 2011
Online design community and e-commerce site Minted has raised $5.5 million from Benchmark Capital, IDG Ventures and Menlo Ventures. The Series B round will be used to expand the company’s product lines and for other growth efforts.
3 min read · 15 November 2011
Profectus BioSciences Inc., a Baltimore-based developer of vaccines for chronic viral infections, has sealed an undisclosed amount of funding from the PATH Malaria Vaccine Initiative. Terms of the funding were not released. The company is backed by venture investors including Cross Atlantic Capital Partners.
3 min read · 15 November 2011
Colorado-based NexGen Storage has closed a $10 million round led by new investor Next World Capital. Existing shareholders Grotech Ventures and Access Venture Partners also contributed to the round.
3 min read · 15 November 2011
Wrapp, a social gifting service based in Stockholm, has raised $5.5 million in Series A financing led by Atomico. The company previously raised an undisclosed amount of seed funding this year from Nordic venture firm Creandum. Creandum also contributed to the Series A round.
4 min read · 15 November 2011
Rollingahead Ltd. and eVenture Capital Partners have put $1.4 million into online Russian retailer Heverest.ru. The company, which was started by Fast Lane Ventures and focuses on sports, leisure and travel goods, has raised a total of $2 million.
3 min read · 15 November 2011
Sera Prognostics Inc., a company developing tests to diagnose preterm birth and other pregnancy complications, has raised $19.3 million from a slew of investors including InterWest Partners, Domain Associates, Catalyst Health Ventures, UpStart Life Sciences Capital and Osage University Partners. The Series A financing will help fund clinical trials and the commercial launch of its preterm birth diagnostic test.
2 min read · 15 November 2011
