Indian mobile advertising start-up Vserve has sealed a $3 million Series A round from IDG Ventures India. The company, a mobile advertising network focused on emerging markets, will use the money to expand its sales and engineering teams.
2 min read · 20 July 2011
SynapSense Corp., a maker of data center infrastructure management products, has closed on $16 million in Series C financing led by Crosslink Capital. Aeris Capital, Emerald Technology Ventures, GE Energy Financial Services, Nth Power, Robert Bosch Venture Capital and Sequoia Capital also joined in the round. The money will help SynapSense expand. Louis DiNardo, a partner with Crosslink Capital, joined the SynapSense board as a result of the round.
2 min read · 20 July 2011
3 min read · 19 July 2011
5 min read · 19 July 2011
3 min read · 19 July 2011
Benchmark General Partner Mitch Lasky is dialing back his role with the venture firm and likely will not work all the way through its most recent fund. LPs in Benchmark’s seventh fund (raised earlier this year) were told Lasky will likely not be around for the full life of the fund and won't be back for fund VIII, sources familiar with the situation said.
2 min read · 19 July 2011
Waltham, Mass.-based Affectiva has closed on $5.7 million in Series B financing led by WPP, via its consumer insight division; Kantar; and Myrian Capital. The company, which focuses on what it calls “emotion measurement and communication technology” was formed in 2009 by two MIT scientists. The technology is focused on using computing to track emotions to better improve products and experiences. The money will go to software development efforts. Representatives from WPP and Myrian Capital will assume seats on Affectiva's board.
4 min read · 19 July 2011
nanoMR Inc. has closed on $13 million from Excel Venture Management, Healthcare Ventures, vSpring Capital, The Dow Chemical Company, and Sun Mountain Capital. Steven Gullans of Excel and Gus Lawlor of Healthcare Ventures will join the board as a result of the round. The money will help nanoMR to develop commercial instruments for the clinical microbiology market, perform clinical studies and prepare for product launch, the company said in a release.
3 min read · 19 July 2011
Essence Group Holdings Corp., a company with subsidiaries including Essence Healthcare, ClearPractice and Lumeris, has raised $61 million from investors including Camden Partners and Kleiner Perkins Caufield & Byers. Essence Group’s products provide collaboration, reimbursement, clinical informatics and information technology services for healthcare companies.
3 min read · 19 July 2011
Palo Alto, Calif.-based recycling company eCullet Inc. has sealed commitments for up to $38 million in new funding. DB Masdar Clean Tech Fund L.P. led the round, with additional backing from Angeleno Group, a Los Angeles-based private equity firm. eCullet is a technology-based glass processing company. The money will help the company with expansion plans.
2 min read · 19 July 2011
