VCJ Staff

Motorola Mobility Invests in Ooyala

RF Surgical Systems Raises $12M More

Angel Groups Form Angel Syndication Network

AI Exchange Lands $1.5M

AI Exchange has raised $1.5 million in a financing round led by General Catalyst and CommonAngels. Founder Collective and LaunchCapital also contributed to the round. The company is a developer of a web-based technology and investment advisory platform designed to bridge the alternative investment and Investment Advisor markets.

Rainmaker Group Seals $9M Debt Financing

The Rainmaker Group, a maker of revenue management and profit optimization software for multi-family housing, gaming properties and hospitality companies, has sealed $9 million in debt financing from Silicon Valley Bank. The money will be used for growth. Rainmaker is based in Atlanta.

Union Square Ventures Backs Wattpad

Wattpad, an online community for telling and reading stories, has raised $3.5 million in venture financing from investors including New York-based Union Square Ventures. Toronto-based Wattpad is also backed by Golden Venture Partners out of Toronto.

Mobile Analytics Provider Apsalar Raises Series A

Xignite Seals $10M Series B

Xignite Inc., a provider of a financial market data platform for the cloud, has raised $10 million in Series B funding. The San Mateo, Calif.-based company is backed by StarVest Partners, Altos Ventures, Startup Ventures and individual investors. The money will be used to bolster sales and marketing, and for product development.

Spectrum Bridge Inks $8.8M Series B

Spectrum Bridge Inc., a company developing technology to improve availability, allocation and access to wireless spectrum, has raised $8.8 million in venture financing. True Ventures, Telecommunications Development Fund and Espírito Santo Ventures provided the cash, which will help the company commercialize its software.

Bioformix Seals $6M of Planned $8M Round

Bioformix, a Cincinnati, Ohio-based developer of sustainable adhesives and plastic alternatives, has raised $6 million of a proposed $8 million equity financing round, according to regulatory filings with the S.E.C. The company previously sealed about $1 million in VC funding from CincyTech and Queen City Angels.