MSI Methylation Sciences Inc., a Vancouver-based pharmaceuticals startup, has raised 13.5 million euro ($18.2 million) in Series A financing. Inventages led the round, which included existing backers Working Opportunity Fund, managed by GrowthWorks; BC Advantage Funds; and several unnamed angel investors.
2 min read · 30 September 2011
Yieldex, a provider of inventory and revenue management software for digital publishers, has closed on $10 million in a third round co-led by Triangle Peak Partners and Hearst Interactive Media. Sequel Venture Partners, Madrona Venture Group, and FFP Holdings also participated in the round, as did previous investor Amazon.com. The company makes software designed to provide inventory analysis, forecasting and pricing for digital media. The company previously raised $12 million in two earlier rounds.
4 min read · 30 September 2011
Search engine company Blekko has raised $30 million in new funding, half of it coming from publicly traded Yandex. Australian investor MLC Private Equity, and existing investors U.S. Venture Partners, CMEA Capital and PivotNorth Capital also contributed to the round. Yandex acquired a minority stake in Blekko, the company said. Blekko was formed in 2007, and launched its search engine last year.
2 min read · 30 September 2011
Reuters reported Friday that Intel Capital, the investment arm of chipmaker Intel Corp., believes valuations of early-stage tech companies in India have reached “near-bubble” levels. According to Sudheer Kumar Kuppam, managing director for Asia Pacific at Intel Capital, the investing atmosphere in India “feels like ’99 in the U.S.”
2 min read · 30 September 2011
MK Capital and Allos Ventures co-led a $5.6 million Series B round for Indianapolis-based BidPal Network. The company makes a handheld bidding device designed for charitable fundraising. The infusion will help BidPal expand into new markets.
3 min read · 30 September 2011
Authentix, a Dallas-based provider of banknote authentication and high-speed sensor technology, has closed on $15 million in Series C financing. The money came from existing shareholders, including Carlyle Group, J.H. Whitney and Manti Holdings. Authentix will use the infusion to expand its technology into sectors including oil and gas, pharmaceuticals, spirits and personal care.
2 min read · 30 September 2011
Karmasphere, a Cupertino, Calif.-based company, has inked $6 million in Series B financing. New investor Presidio Ventures led the round, with support from return backers Hummer Winblad and US Venture Partners. The company has raised a total of $11 million since it was launched in 2010. Karmasphere says its software enables data and business analysts to mine and discover insights from big data on Hadoop.
2 min read · 30 September 2011
Specialty pharmaceutical company Putney has raised $21 million in new financing co-led by listed Safeguard Scientifics Inc. NewSpring Health Capital and other, undisclosed investors also contributed. Safeguard Scientifics put $10 million into the Series C round, which will be used to bolster sales and marketing. Portland, Maine-based Putney develops generic medicines for pets.
7 min read · 29 September 2011
Networked Insights has raised $20 million in Series B financing led by Goldman Sachs Asset Management. Networked Insights’ platform is designed to help companies use real-time data to optimize marketing. Networked Insights has offices in New York, Chicago and Madison, Wis.
3 min read · 29 September 2011
Socialbakers, a social and digital media analytics company, has raised $2 million in a financing round led by Earlybird Venture Capital. The company, which says it is already profitable, will use the cash to expand its platform. Jason Whitmire, General Partner at Earlybird, will join investor Martin Huml of Runway Capital on the company’s board. Socialbakers launched in 2009.
4 min read · 29 September 2011
