2 min read · 01 November 2011
PEhub reported last month that Potomac, Maryland-based Seva Search had raised $1.3 million in a first financing round. The company today revealed its investors, which include early stage venture fund Fortify.vc; Carlyle Group managing director Ed Mathias; Investimonials chief Tim Sykes; and entrepreneurs Jay Virdy, Jigar Shah and Arjun Dev Arora, among others. The company’s local search engine is designed to operate “like a free personal concierge service,” putting consumers in touch with local businesses based on their needs. Jonathan Perrelli of Fortify sits on the Seva board.
4 min read · 01 November 2011
Personnel changes at Albany Ventures, Palamon Capital and other European PE and VC firms
5 min read · 01 November 2011
Personnel changes at TCV, Highland, Mayfield and other U.S.-based VC firms
2 min read · 01 November 2011
Cleveland-based Cervilenz has added to its Series A round, closing the round with $8.35 million. The company, backed by investors including Arboretum Ventures and Chrysalis Ventures, plans to use the funding to continue commercialization of its medical devices for women. The device is designed to predict the risk of preterm birth in pregnant women.
1 min read · 31 October 2011
Biopharma company Intellikine Inc. has sealed $4 million in new milestone payments as it begins two Phase 1 clinical trials of its drugs. The company, based in La Jolla, Calif., is backed by $41 million from venture investors including Abingworth, BiogenIdec, CMEA Capital, Fintech Global Capital, Novartis Venture Funds, Sofinnova Ventures and U.S. Venture Partners.
3 min read · 31 October 2011
Enterprise platform-as-a-service company Mendix has raised $13 million in a Series A financing. Prime Ventures led the round, with participation from existing investor HENQ Invest. The money will be used for expanded sales efforts and international expansion.
3 min read · 31 October 2011
The Canadian government, via Ontario's Investing in Business Innovation initiative, will put nearly $1 million into cyber security company eSentire Inc. The company is also is backed by venture capital firms Intrepid Business Acceleration Fund LP and VentureLink LP.
3 min read · 28 October 2011
Pittsburg-based Shoefitr has raised $1.2 million in funding from Maryland-based Vital Financial and Pittsburgh investor network BlueTree Allied Angels. Innovation Works, a seed-stage investor in Pittsburgh-area startups, also participated in the round. Shoefitr is a tool that helps online shoe shoppers find the right fit.
2 min read · 28 October 2011
Codecademy, a site that teaches people how to become computer programmers, has sealed a Series A round from investors including Union Square Ventures, O'Reilly, SV Angel, Yuri Milner, Social+Capital Partnership, Thrive Capital, CrunchFund, Collaborative Fund, Founder Collective, and individual investors including Joshua Schacter, Vivi Nevo, Naval Ravikant and Sam Altman. The company reportedly sealed $2.5 million in the round, which will be used to bolster the development and design team.
2 min read · 28 October 2011
