MeLLmo Inc., maker of the Roambi mobile applications, has raised $30 million in a first institutional round. Sequoia Capital led the round. The two-year-old company plans to continue development of its Roambi products, which are designed to transform business reports and data into mobile analytics. The company is also expanding its operations globally. Previously, MeLLmo raised $20 million from individual investors and the company founders. As part of the round, Sequoia’s Greg McAdoo will join MeLLmo's board. The firm’s David Spector will join as a board observer.
4 min read · 16 September 2011
4 min read · 15 September 2011
2 min read · 15 September 2011
5 min read · 15 September 2011
Cellerant Therapeutics Inc., a venture-backed biotech company, has sealed $16.7 million in government funding from the Biomedical Advanced Research and Development Authority in the Office of the Assistant Secretary for Preparedness and Response of the Department of Health and Human Services. The company, which has previously raised capital from Camelot Ventures and MPM Capital, is developing hematopoietic stem cell-based cellular and antibody therapies for blood disorders and cancer.
4 min read · 15 September 2011
Unigo.com has raised $1.6 million in its first round of institutional funding, led by the McGraw-Hill Companies. Unigo.com is designed to provide information for people to find, get in and pay for college. The free site offers admissions advice and access to some 200,000 multimedia reviews by students on 6,500 campuses across the country.
4 min read · 15 September 2011
Alphabet Energy, a maker of low-cost thermoelectric materials for waste-heat recovery, has closed $12 million in Series A financing. TPG Biotech, the venture arm of TPG, led the round, with participation from existing investors Claremont Creek Ventures and the CalCEF Clean Energy Angel Fund.
5 min read · 15 September 2011
Dallas-based cloud hosting company FireHost has raised $10 million in Series B financing. The Stephens Group led the round, which will be used in part to expand its operations to Europe. The Stephens Group is a family-owned private equity firm based in Little Rock, Arkansas.
3 min read · 15 September 2011
San Francisco-based SaveUp has raised $2 million in seed financing to help Americans save more money. The company is developing a national rewards program for personal savings, where users win promotions and prizes by paying down their debts and bulking up their savings. BlueRun Ventures and True Ventures are backing the company. SaveUp is currently gearing up for a private beta test of its service.
4 min read · 15 September 2011
Social shopping company Mertado has closed on $2.3 million in Series A venture capital. Rustic Canyon Partners joined previous investors Blumberg Capital and Redpoint Ventures in the financing round. Mertado has raised a total of $3.3 million to date. The company, based in Redwood City, Calif., is focused on helping consumers discover products for the home and kitchen.
3 min read · 15 September 2011
