Zulily, a daily deal site focused on boutique brands for moms, babies and kids, has raised $43 million in venture capital from Meritech Capital Partners and existing investors. The money brings Zulily’s total funding to $53.6 million. With the added cash, the company will expand its staff and marketing efforts. Craig Sherman of Meritech will join the company’s board. The company is also backed by August Capital and Maveron LLC.
5 min read · 11 August 2011
Online legal services site Rocket Lawyer has wrapped up $18.5 million in financing led by August Capital. Google Ventures and Investor Growth Capital also joined in the round. Formed in 2008, Rocket Lawyer helps users create customized legal documents that can be downloaded and shared. With the site’s legal plan, users can have documents reviewed for free by local attorneys, as well as see discounted rates on legal services.
3 min read · 11 August 2011
Trendyol.com, a fashion e-commerce company based in Turkey, has raised $26 million from Kleiner Perkins Caufield & Byers and existing investor, Tiger Global, the company announced Wednesday. The deal is Kleiner Perkins’ first in Turkey. Trendyol.com has sealed more than $50 million in total financing since the site launched in March 2010.
4 min read · 10 August 2011
Lexington, Mass.-based T2 Biosystems has closed a $23 million Series D financing round led by new investor Aisling Capital. Return backers Flagship Ventures, Polaris Venture Partners, Flybridge Capital Partners, Physic Ventures, Partners Healthcare, Arcus Ventures, RA Capital, Camros Capital and WS Investments also contributed. The money will help with ongoing development and clinical trials of the company’s diagnostic technology.
3 min read · 10 August 2011
Link_A_Media Devices Inc., a maker of semiconductor system-on-chip products for the data storage market, has sealed $16 million in Series D financing. ITOCHU Technology Ventures, Keynote Ventures, Lightspeed Venture Partners and SunAmerica Ventures all contributed to the round. The money will help continue development of new products and expand its customer base.
2 min read · 10 August 2011
Mobile children’s book app provider iStoryTime has sealed $2 million in Series A financing. Corporate Finance Partners led the funding round. The money will be used to expand distribution of the content to additional mobile platforms, the company said.
3 min read · 10 August 2011
SinglePlatform has sealed $3.25 million in venture financing from DFJ Gotham Ventures, New World Ventures, First Round Capital and RRE Ventures. The company, which makes a digital portal for local businesses to manage their web presence, integrating their websites and social media, previously raised $1.2 million.
3 min read · 10 August 2011
Business services company High Street Partners has closed on $6.3 million in Series C financing led by Baird Venture Partners. Investors Sigma Partners and Gold Hill Capital also participated in the round. The money will help High Street Partners to continue to build out its software-as-a-service. Benedict Rocchio, partner at Baird Venture Partners, will join the High Street Board.
5 min read · 10 August 2011
Movieclips.com, an online library of licensed film clips, has raised $7 million in Series B financing, led by MK Capital. Mark Terbeek of MK Capital will join the company’s board as a result of the round. Movieclips.com is also backed by Shasta Ventures.
3 min read · 10 August 2011
4 min read · 10 August 2011
