nLIGHT Corp., a maker of high-power semiconductor-based lasers, has raised $17.5 million in Series E financing. The latest round brings the company’s total financing to about $110 million. nLIGHT will use the new money to expand its business. The company’s existing shareholders Oak Investment Partners, Mohr Davidow Ventures and Menlo Ventures all participated in the round.
2 min read · 22 August 2011
6fusion, a maker of utility-metered public, private and hybrid cloud infrastructure management software, has closed on $7 million from Grotech Ventures and Intersouth Partners. Vienna, Vir.-based Grotech led the round, which will help the company continue technology development and sales and marketing, as well as fund a move of the business to Raleigh, N.C.
3 min read · 22 August 2011
Hopper, a travel startup formed by former Expedia employees, has closed on $8 million from Atlas Venture and Brightspark Ventures. Jeff Fagnan, partner at Atlas Venture, will join the company’s board. Hopper is developing a travel-oriented search engine. Formed in 2007, the company has raised a total of $10 million to date.
2 min read · 22 August 2011
Coskata Inc., a developer of technology for the production of biofuels and biochemicals from biomass and waste materials, held a first close of its Series D round. The company did not disclose an amount for the round, but said that investors the Blackstone Group, Khosla Ventures, Total Energy Ventures International, ATV, Globespan Capital Partners, General Motors, Arancia and Sumitomo all participated. Coskata plans a final close of its round in the fourth quarter.
2 min read · 22 August 2011
Sentilla Corp., a maker of software to monitor and automate data center work loads, has raised $15 million in Series C financing. SingTel Innov8 Ventures, the corporate venture arm of the SingTel Group, led the round. Existing backers ONSET Ventures and Claremont Creek Ventures also participated in the round. The money will be used to expand sales and marketing efforts.
3 min read · 22 August 2011
India’s YourNextLeap.com has raised an undisclosed amount of Series A financing from Nirvana Venture Advisors. The company is a web-based recommendation engine designed to act as a virtual career counselor for students. The ten-month-old company will use the funds to expand its team.
3 min read · 18 August 2011
Entellus Medical Inc., a medical device company focused on treatments for chronic sinusitis, has inked $35 million in fresh capital. Covidien Ventures led the round, which included existing investors SV Life Sciences, Essex Woodlands, Split Rock Partners and Greenspring Associates. The money will help Entellus continue efforts to commercialize the company’s products.
3 min read · 18 August 2011
Neighbor-to-neighbor car sharing start-up RelayRides has raised $10 million in Series A-2 financing from investors including Shasta Ventures, Google Ventures and August Capital. The company is using the money to expand its service throughout San Francisco and Boston.
3 min read · 18 August 2011
Brighter.com, an online consumer resource for dental care, has sealed $8 million in Series B funding. Benchmark Capital led the round, with return backer Mayfield Fund also participating. Brighter.com launched in May, and is designed to help people without dental insurance make informed decisions about dental care. The site also provides discounts on procedures.
3 min read · 16 August 2011
CincyTech has invested $250,000 in Innovative Card Solutions, a provider of reloadable, prepaid MasterCard cards, online financial literacy courses and money management tools for corporations and universities. CincyTech is a public-private venture development organization focused on Southwest Ohio.
3 min read · 15 August 2011
