Index Ventures, along with undisclosed investors, has put $1 million into Acutus Medical, a company developing an electrophysiological mapping technology to treat cardiac arrhythmias. Founded this year, the company will use the first round of funds to develop prototypes of its device. Acutus is based in San Diego, Calif.
2 min read · 08 August 2011
2 min read · 05 August 2011
Social games company 6waves Lolapps, has raised an undisclosed amount of funding from Nexon Co. and Insight Venture Partners. The funding is aimed at expanding the company’s international presence and game development operations. The company was formed recently by the merger of Lolapps, the San Francisco social games maker of Ravenwood Fair, and Hong Kong based social gamer 6waves Inc. Prior to the merger, LoLapps has raised $4 million in venture backing from Polaris Venture Partners and Ron Conway. 6waves raised $17.5 million with Insight Venture Partners as a backer.
4 min read · 05 August 2011
On Deck, a technology platform that helps small businesses secure loans, has raised $4 million in follow-on Series C funding, bringing the round to $19 million. New York-based SF Capital Group provided the additional funding. The company will use the money to bolster sales and marketing. On Deck’s other backers include SAP Ventures, Contour Venture Partners, First Round Capital, Khosla Ventures, RRE Ventures and Village Ventures.
3 min read · 05 August 2011
3 min read · 04 August 2011
2 min read · 04 August 2011
San Mateo, Calif.-based myRete has raised an undisclosed amount of venture capital from Lightbank, the technology investment fund created by Groupon co-founders Eric Lefkofsky and Brad Keywell. myRete makes a location-based social networking app called WhosHere. The company, which was formed in 2008 and says its already profitable, will use the funds to grow its business.
2 min read · 04 August 2011
Kixeye has raised $18 million to expand its social gaming business, bolster its staff and build additional game titles. Jafco Ventures was the lead investor in the Series C round. Previous investors Trinity Ventures and Lightspeed Venture Partners also joined in the funding. The company says it has been profitable and cash-flow positive for the past eight months, and that new funds will be used for growth. Joe Horowitz, managing general partner of Jafco, will join Kixeye’s board. San Francisco-based Kixeye was started in 2007 – then called Casual Collective. The company’s games include Backyard Monsters, Battle Pirates and Desktop Tower Defense.
4 min read · 04 August 2011
Berwind Private Equity, Vaekstfonden and CC Holding have backed Waltham, Mass.-based Tantaline with $3.6 million in funding. The company is a producer of tantalum surface alloys for hot acid environment, and will use the Series B round to expand its technical capabilities in the US and Europe, the company said.
2 min read · 04 August 2011
Get Satisfaction has closed a $10 million Series B round of funding led by Bruce Cleveland, general partner at InterWest, the company announced Wednesday. With the latest infusion, Get Satisfaction has raised a total of $21 million. The company, which develops an online community platform designed to help companies build better relationships with their customers, will use the money to continue product innovation and building distribution partnerships.
2 min read · 03 August 2011
