Menlo Park, Calif.-based Neo Technology, maker of a flexible and scalable graph database engine for the enterprise, has raised $10.6 million in a Series A round led by Fidelity Growth Partners Europe. Seed investors Sunstone Capital and Conor Venture Partners also participated in the round. Chris Barchak of Fidelity Growth Partners Europe joins the company’s board.
4 min read · 21 September 2011
Microsoft Corp., August Capital and Mayfield Fund are pouring $61 million into advertising technology company Adchemy Inc. At the same time, Microsoft announced a renewed partnership to expand the availability of Adchemy’s technology for Microsoft adCenter customers. The Series E round brings Adchemy’s funding to roughly $120 million.
4 min read · 21 September 2011
Zimride has raised $6 million for its online ride-sharing service. Mayfield Fund led the Series A round, with participation from seed backers FLOODGATE and K9 ventures. Zimride allows drivers to sell the empty seats in their car to passengers who need a ride. The company launched in 2007.
3 min read · 21 September 2011
Dropcam Inc., a San Francisco-based maker of a Wi-Fi video camera and intelligent streaming service, has raised $5.8 million in Series A financing. Accel Partners led the round, which included backing from individuals including Felicis Ventures founder Aydin Senkut; Triple Point Capital president Ben Narasin; Bessemer Venture Partners’ David Cowan and Bay Partners’ Salil Deshpande. The money will be used to build on the company’s cloud-based video platform and expand the software engineering team.
3 min read · 21 September 2011
San Francisco-based Stitcher has raised $10 million for its personalized Internet talk radio service. The company is similar to Pandora in that its users can personalize radio station based on their favorite shows, spanning across news, entertainment, sports and comedy. New Enterprise Associates led the Series C round, which included backing from return investors Benchmark Capital, New Atlantic Ventures, and individuals including Ron Conway. Ravi Viswanathan of NEA will join the Stitcher board.
3 min read · 21 September 2011
Santa Clara, Calif.-based Intelleflex has raised $9 million in what it says is an extension to its Series A round. Investors include Third Point Ventures, Arcapita Ventures, New Venture Partners and the Woodside Fund. The company, which develops on-demand data visibility, will use the money to expand in the fresh produce and pharmaceutical cold chain as well as the asset tracking and personnel monitoring markets, the company said in a release. Rob Schwartz, managing partner at Third Point Ventures, will join the Intelleflex board.
3 min read · 21 September 2011
San Francisco-based Practice Fusion has closed on $6 million in new funding, bringing the total raised by the company to $36 million. Investors include Western Technology Investment and angel investor Scott Banister. The company is also backed by Founders Fund, Artis Capital Management, Morgenthaler Ventures, Felicis Ventures and Glynn Capital Management. Practice Fusion provides a free, web-based Electronic Medical Record system to physicians.
4 min read · 20 September 2011
Summit Partners has led an undisclosed amount of growth equity financing for PeerApp Ltd., a provider of transparent Internet caching and content delivery platforms. Cedar Fund, Evergreen Partners and Pilot House Ventures Group also participated in the round, which will be used for expansion.
3 min read · 20 September 2011
RRE Ventures led an $8 million Series A round for Sailthru, the company announced Tuesday. Designed for publishers and e-commerce companies, Sailthru’s technology automatically tailors email, web and advertising content to unique users. Also participating in the round were AOL Ventures, DFJ Gotham Ventures, Hatteras Funds, Lerer Ventures, Pilot Group, and Thrive Capital. The company has raised a total of $9 million to date. The money will help Sailthru bolster its staff and fund growth in the e-commerce, flash sales and publisher markets.
3 min read · 20 September 2011
Backed by $27 million in venture capital, Personal Capital has launched its financial services platform to help affluent Americans manage their money. The company, which is backed Institutional Venture Partners and Venrock, provides online tools such as web and mobile apps, as well as access to professional financial advisors. At the helm of Personal Capital is Bill Harris, formerly the chief executive of both Intuit and PayPal. The company is based in San Francisco and Redwood City, Calif.
3 min read · 20 September 2011
