GenoLogics, a maker of laboratory information management software, has raised $8 million in a strategic round led by Illumina Inc. The money will be used to continue product development for future clinical applications and new desktop sequencing systems. The company also plans to expand its sales and marketing efforts. GenoLogics is based in British Columbia.
2 min read · 20 October 2011
Crowdpark, a developer of social betting games, has raised $6 million in new financing. Target Partners and Earlybird Venture Capital provided the round, which brings the company’s total financing to $8 million. The company will use the round to add to staff and continue and product development.
5 min read · 19 October 2011
EndoEvolution, a medical device company developing automated suturing devices, has sealed $3.3 million in Series B financing. The Spring Bay Companies led the round, which will be used to launch the company’s first product. EndoEvolution is based in Massachusetts.
4 min read · 19 October 2011
Enflick, the creator of free text messaging application TextNow and instant messaging application PingChat!, has inked more than $1 million in seed financing, the company announced Wednesday. Freestyle Capital led the round with participation by the Menlo Talent Fund, Menlo Ventures' Seed Program. Individual investors also joined in, including Troy Carter, the manager for Lady Gaga; and Scooter Braun, manager for pop star Justin Bieber.
4 min read · 19 October 2011
Nexus Venture Partners and Lightspeed Venture Partners have put an undisclosed amount of financing into Craftsvilla.com, an Indian online retailer for handcrafted products. Details of the funding were not released.
3 min read · 19 October 2011
Arteaus Therapeutics, a company developing drugs to help prevent migraines, has raised $18 million in new venture capital. Atlas Venture and OrbiMed Advisors provided the financing. Jean-Francois Formela, partner at Atlas Venture, and Thomas Schuetz from OrbiMed, serve on the company’s board. Arteaus is based in Cambridge, Mass.
4 min read · 19 October 2011
GroSocial, based in Orem, Utah, has raised $450,000 in seed financing from Kickstart Seed Fund, Monarch Ventures, Rock & Hammer Ventures as well as other angel investors. The money will help GroSocial continue development of its social media marketing software for small-to-medium businesses.
3 min read · 19 October 2011
TagMan, maker of a tag management system, has sealed $5 million in a second round of venture capital, bringing the total raised to $10 million. Greycroft Partners and iNovia Capital led the Series B round. The company closed a $2.3 million Series A round in January.
2 min read · 19 October 2011
French startup Deezer is planning to launch its online music streaming service in more than 100 countries in the coming weeks, Reuters reported. The company, which is backed by a reported $18 million from DInvest Partners, Dotcorp Asset Management and CM-CIC Capital Prive, is also negotiating deals with as many as a dozen telecom operators, Reuters wrote. Unlike competitors Pandora and Sweden's Spotify, Deezer plans to avoid the U.S. market.
3 min read · 19 October 2011
Stockholm-based iZettle, maker of a iPad and iPhone social payments app and mini chip-card reader, has raised 8.2 million euros ($11.2 million) in Series A funding led by Index Ventures . Creandum and individual investor Charles Dunstone, the chief executive of The Carphone Warehouse, also contributed. The funds will be used to expand into markets outside of Sweden, the company said.
3 min read · 19 October 2011
