2 min read · 25 October 2011
2 min read · 25 October 2011
San Francisco-based mobile commerce startup Zaarly has added Hewlett-Packard chief executive and former eBay chief Meg Whitman to its board. Zaarly has created a mobile, local marketplace that allows users to buy and sell with people in their neighborhoods. Zaarly has also announced a newly closed $14.1 million Series A funding round, led by Kleiner Perkins Caufield & Byers' iFund and Sands Capital Ventures. Additional investors include CMEA, Venture51, Crunchfund, Marc Ecko, and Artists and Instigators. John Suliman of Sands Capital Ventures, and Chi-Hua Chien of KPCB have also joined the board.
4 min read · 25 October 2011
Calient Technologies Inc., a developer of photonic switching systems, has raised $19.4 million in new venture financing to help it expand into data center and cloud computing markets. The company is based in Santa Barbara, Calif. Details of the round were not released.
3 min read · 25 October 2011
BlueCross BlueShield Venture Partners, managed by Sandbox Industries, has joined venture investors Kleiner Perkins Caufield & Byers and Camden Partners in a $70 million investment in Essence Group Holdings Corp. In July, Essence Group, which provide collaboration, reimbursement, clinical informatics and information technology services for healthcare companies, announced a $61 million infusion from Camden Partners and Kleiner Perkins. Most of the new capital will be invested in EGHC’s subsidiary Lumeris Corp., which is focused on software and services for accountable health care delivery systems.
4 min read · 25 October 2011
Chicago-based Chromatin Inc., a supplier of renewable biomass feedstocks for energy producers, has closed on $10 million in Series D financing. Investors included BP Ventures and Unilever Technology Ventures, as well as return backers Quantitative Investment Holdings, the Malaysian Life Sciences Capital Fund and Illinois Ventures.
2 min read · 25 October 2011
Tradeshift, creator of a business-to-business social network, has raised $17 million in funding led by ru-Net and Kite Ventures. Existing investor Notion Capital also contributed to the round, which values the company at $137 million. ru-Net and Kite Ventures are both based in Moscow. Tradeshift will use the infusion to expand into North America and to increase product development.
2 min read · 25 October 2011
Digital reading company Subtext has inked $3 million from Google Ventures, Mayfield Fund, New Enterprise Associates and Omidyar Network. The company’s first product is a reading app for the iPad, designed to include social networking features that lay over standard ebooks.
5 min read · 25 October 2011
OptiMine Software has raised $3.6 million in Series B financing led by Hummer Winblad Venture Partners. OptiMine, which develops keyword bid optimization software for large paid-search advertising programs, will use the funding to bolster product development and sales efforts. The company is based in St. Paul, Minn.
2 min read · 24 October 2011
Patersons, a maker of cloud-based payroll delivery platform, has closed a $6.45 million mezzanine financing round led by Rho Ventures. The money will be used to expand Patersons’ platform, and for other growth efforts, the company said.
2 min read · 24 October 2011
