3 min read · 12 July 2011
3 min read · 12 July 2011
General Catalyst Partners and Accel Partners led a $13.6 million Series A round for Russian online travel site Ostrovok. The company’s valuation after the round is $35 million. Ostrovok was founded in late 2010 by former Google and Slide employees. The company is a hotels-focused site for Russian consumers.
3 min read · 12 July 2011
San Francisco-based mobile advertising startup MoPub has closed on $6.5 million in Series A financing, led by Accel Partners. Harrison Metal Capital also contributed to the round. Both firms were seed investors in MoPub, which provides an ad-serving platform for mobile applications and websites. Rich Wong, partner at Accel Partners will join the board as a result of the funding.
4 min read · 12 July 2011
San Francisco-based Piston Cloud Computing Inc. has raised $4.5 million in a round co-led by Hummer Winblad and True Ventures. Divergent Ventures and other, undisclosed investors contributed. As a result Lars Leckie from Hummer Winblad, and Puneet Agarwal from True Ventures will join Piston’s board.
2 min read · 12 July 2011
Calgary-based Circle Cardiovascular Imaging Inc. has raised $3.9 million in a round led by the Business Development Bank of Canada. Foundation Equity, First Yellowhead Equities and undisclosed independent investors also contributed to the round. The infusion will help Circle Cardiovascular commercialize its software suite, designed for diagnosing a wide range of cardiovascular diseases.
3 min read · 12 July 2011
Intel Capital led a $2.6 million round for mobile entertainment studio Skyrockit. Asuka DBJ Partners, and individual investor Mark Kingdon also participated in the funding, which will help the company expand its products and services, which include the virtual Zippo lighter for the iPhone. The company works with companies to produce branded mobile entertainment apps. As a result of the latest funding, Intel Capital's Marc Yi, Asuka DBJ's Toshihiro Toyoshima and Kingdon join the company’s board.
6 min read · 12 July 2011
San Francisco-based CloudFlare has raised $20 million in Series B financing. New Enterprise Associates led the round, with participation from existing shareholders Venrock and Pelion Venture Partners. CloudFlare’s technology is designed to help web sites run faster, and to protect sites from attacks. The company will use the new financing to expand its team and its infrastructure. Scott Sandell, a general partner with NEA, joined the company’s board as a result of the round.
4 min read · 12 July 2011
GOTO Metrics has closed on $3 million in funding co-led by Draper Fisher Jurvetson and Epic Ventures, the company announced Tuesday. The company, which provides data analytics for the enterprise via the open-source platform Hadoop, will also re-launch itself under the name Zettaset. (A zettabyte consists of more than a million petabytes.) As a result of the funding, DFJ’s Andreas Stavropoulos and Epic Ventures’ Nick Efstratis join the company’s board. Zettaset is based in Mountain View, Calif.
4 min read · 12 July 2011
SurgiQuest Inc. has closed on $19 million in new financing led by River Cities Capital Funds of Cincinnati. Boston-based Fletcher Spaght Ventures also contributed, as did CMEA Ventures, California Technology Ventures, Aphelion Medical Fund and other unnamed investors. SurgiQuest is based in Orange, Conn. The company is developing medical technologies for application in minimally invasive surgery.
2 min read · 11 July 2011
