PharmaSecure Inc., a developer of pharmaceutical authentication technology, has raised $3.9 million from Eric Schmidt's Innovation Endeavors, Gray Ghost Ventures, Healthtech Capital and the TEEC Angel Fund. The infusion will be used to create applications to respond to the Government of India's drug serialization requirements that go into effect next year. India has mandated that all drugs exported from the country must have unique serial numbers and barcodes.
3 min read · 24 October 2011
Workday Inc., a maker of software-as-a-service products for enterprise human resources, payroll and financial management, has raised $85 million in Series F financing. T. Rowe Price, Morgan Stanley Investment Management, Janus Capital Group Inc. and Bezos Expeditions contributed to the round. Workday was formed in 2005, and focuses on a cloud-based alternative for HR software. Allen & Co. acted as financial adviser to Workday for the financing.
2 min read · 24 October 2011
Providence Equity Partners has led a $30 million round for online shopping company OpenSky.com. Existing investors Highland Capital Partners, Canaan Partners and The Raine Group also participated in the round. OpenSky allows users to tailor their own recommendations by choosing various “experts” in food, style, health and design.
3 min read · 24 October 2011
Chartboost has raised $2 million in a first round of funding from TransLink Capital, SK Telecom Ventures and XG Venture. The company has created a direct-deal advertising marketplace for game publishers. Chartboost is based in San Francisco.
2 min read · 24 October 2011
SolarEdge Technologies Inc., an Israeli provider of end-to-end solar power optimization and PV monitoring technology, has raised $37 million in venture capital. Norwest Venture Partners led the round, which is aimed at expanding the company’s reach and bolstering production plans. Existing investors Opus Capital, Walden International, Genesis Partners, Vertex Venture Capital, Lightspeed Venture Partners and GE also participated in the round.
3 min read · 24 October 2011
Carlyle Group and General Atlantic are in talks to invest a combined $150 million to $200 million in Indian online retailer Flipkart, Reuters reported. The firms would pick up a minority stake in the company, which is India’s largest bookseller and also a major seller of mobile phones, music, movies and other products. Bangalore-based Flipkart had earlier raised $31 million in funding from U.S. venture capital firms Tiger Global Management and Accel Partners, Reuters wrote.
2 min read · 24 October 2011
Bridgelux, a developer and manufacturer of LED lighting products, has added $15 million in financing to help it boost accelerate research and development. The company is backed by VantagePoint Capital Partners, DCM, El Dorado Ventures, Novus Energy Partners, IFA, Chrysalix, Harris & Harris Group, Craton Equity Partners, Jebsen Asset Management and Passport Capital.
2 min read · 24 October 2011
Cambridge, Mass.-based Hadapt, the maker of a big data platform to integrate Hadoop with a structured data store, has raised $9.5 million in Series A financing. Norwest Venture Partners and Bessemer Venture Partners led the round. Matthew Howard, a general partner at Norwest, and Felda Hardymon, partner at Bessemer, joined the company’s board.
4 min read · 24 October 2011
China’s Moment Systems, a third-party digital marketing measurement company, has closed on $20 million in Series B financing. Kleiner Perkins Caufield & Byers led the round, investing alongside China Broadband Capital, Redpoint Ventures and WPP Digital. Zhou Wei, a partner at Kleiner Perkins, takes a seat in the board.
3 min read · 24 October 2011
Firefly BioWorks Inc., a developer of instrument-independent multiplexed assays, has raised $2 million in fresh capital. The company did not disclose the names of investors, but said it would use the infusion to support its commercial strategy. Firefly BioWorks is based in Cambridge, Mass.
2 min read · 24 October 2011
