Norwest Venture Partners and Intel Capital have led a $40 million investment in Indian e-commerce company Fashionandyou.com, Reuters reported Tuesday. Sequoia Capital India and Nokia Growth Partners have also invested in the firm, the brand's owners Smile Group Venture and Goldsquare Sales India said in a statement. The money will go toward improving membership, as well as the company’s supply and distribution chain.
1 min read · 15 November 2011
SalesVu Inc., maker of a cloud-based mobile payment application, has raised $600,000 in angel financing. The money will be used for product development and marketing initiatives, the company said. Specific details of the round were not released.
2 min read · 14 November 2011
simplifyMD, a provider of technology to manage electronic health records, has raised $4.5 million in fresh capital, and added Michael Brozino as president. Intersouth Partners, an early-stage venture firm based in North Carolina, led the Series A round. John Glushik of Intersouth Partners will join the company’s board.
3 min read · 14 November 2011
Salorix Inc. has raised $3.5 million in Series A financing from Inventus Capital Partners and Nexus Venture Partners. Salorix, a social media marketing and analytics company, was formed in 2009. The funding will go toward development, among other uses.
3 min read · 14 November 2011
Skimlinks, maker of an in-text monetization platform for Web publishers, has raised $4.5 million in Series B funding led by Bertelsmann Digital Media Investments. The company, which is also backed by 500startups, Venrex Investment Management, Sussex Place Ventures, The Accelerator Group, and the National Endowment for Science, Technology and the Arts, has raised a total of $7.5 million to date.
3 min read · 11 November 2011
San Francisco-based Personal Capital has launched its wealth management service with backing from Institutional Venture Partners and Venrock. Personal Capital’s site, Daily Capital, is designed to combine “original expert financial content with custom-curated financial news,” the company said in a written release.
2 min read · 11 November 2011
Standing Cloud, a provider of cloud application management services, has raised $3 million from existing investors Foundry Group and Avalon Ventures. The company has raised a total of $8 million. The company will use the infusion for development, among other efforts. Founded in 2009, Standing Cloud is based in Boulder, Colo.
3 min read · 11 November 2011
newBrandAnalytics, a company that helps restaurants, hotels and other businesses track customer feedback across social media sites, has raised $26 million in fresh capital. New Enterprise Associates led the Series B round, with participation from Revolution Ventures, The Entrepreneur’s Fund, Barry Sternlicht, Neil Shah, Quest Hospitality Ventures and Ted Leonsis.
3 min read · 11 November 2011
Mavenlink, developer of a cloud-based collaborative workspace, has raised $3.9 million in fresh capital. The funds will go toward development efforts. Mavenlink is based in Irvine, Calif. The names of investors were not released.
2 min read · 11 November 2011
San Francisco-based Kontagent, a maker of enterprise user analytics technology, has raised $12 million in Series B financing. Battery Ventures led the round. Maverick Capital and Altos Ventures also participated. Roger Lee, a general partner at Battery Ventures, will join Kontagent's board.
3 min read · 10 November 2011
