Listed online retailer Bluefly Inc. has raised $6.5 million in fresh capital from Rho Ventures, Soros Fund Management and Prentice Capital Management. With the latest infusion, Rho Ventures now owns 37% of the company. The new money will be used to expand sales and fuel other growth efforts.
2 min read · 08 September 2011
Pharnext SAS, a biopharma company developing treatments for neurological diseases, has closed on 2.5 million euro ($3.49 million) at a pre-money valuation of 60 million euro ($83.9 million), the company announced Thursday. Parinvest, La Financiere Gaspard and Truffle Capital invested in the round. The French company hopes to close on a total of 10 million euro by the end of the year.
3 min read · 08 September 2011
Chicago-based Trunk Club has raised $11 million in Series A financing from U.S. Venture Partners, Greycroft Partners, Apex Venture Partners and Anthos Capital. The company, which is launching a clothing service for men who don’t like to shop, will use the funds to develop its technology platform, add to its team of Style Experts, and market to new customers. With the service, customers receive a selection of options handpicked for them. They keep the items they like and send back the rest with a pre-paid shipping label.
5 min read · 08 September 2011
San Francisco-based investment firm Bacchus Capital Management has put an undisclosed amount of growth and refinancing capital to Wine by Joe, a wine producer in Oregon. No terms of the deal were released. Formed in 2007, Bacchus Capital Management is focused on providing strategic capital and making equity investments in United States wineries and wine businesses.
3 min read · 08 September 2011
AlertEnterprise Inc. has raised $19 million in fresh capital from Kleiner Perkins Caufield & Byers, Opus Capital and Startup Farms Investors. The company, based in Fremont, Calif., makes security products designed to prevent theft, fraud and acts of terrorism against technology infrastructure. Kleiner managing partner Ray Lane is joining the company’s board as a result of the round.
4 min read · 08 September 2011
Qosmos, a Paris-based provider of network intelligence technology, has raised 19.8 million euro ($28.5 million) from DFJ Esprit, Fonds Stratégique d’Investissements and Alven Capital. The financing includes debt and equity, plus a secondary purchase of former investor Sofinnova's stake in the company. Krishna Visvanathan, a partner at DFJ Esprit, and a representative from FSI will join Qosmos’ board.
5 min read · 08 September 2011
Tampa, Fla.-based Savtira Corp., a provider of business-to-business e-commerce technology, has closed on an undisclosed amount of financing from growth capital investor Richert Funding. Terms of the round were not released. The financing will provide working capital and help the company bolster its growth efforts, Savtira said in a statement.
3 min read · 08 September 2011
Affinity China, a loyalty, reward and lifestyle network for Chinese traveling overseas, has raised $600,000 in seed financing from venture firms RRE Ventures and 500 Startups as well as from strategic investor Loeb Enterprises. The company launched a private beta version of its platform earlier this year, aiming to tap into China’s $26 billion luxury market. Members can access a variety of offers ranging from receptions with sports stars to weekends in the Hamptons and other locations.
5 min read · 08 September 2011
Redpoint Ventures and Accel Partners have put an undisclosed amount into Shoes4you, a fashion brand in Brazil that sells its collection via monthly online subscriptions. The Series A round will help the fund the company's September launch and will bolster efforts to expand its customer base. The company has also raised financing from Flybridge Capital Partners.
3 min read · 08 September 2011
RedZone Robotics Inc., a maker of wastewater inspection technologies for municipalities, contractors and engineering companies, has closed on $25 million in financing from ABS Capital Partners. The money will help RedZone expand its product line and its geographical reach. ABS Capital general partners Bobby Goswami and Laura Witt will join the company's board as a result of the financing.
3 min read · 08 September 2011
