Santa Clara, Calif.-based StorSimple has raised $10.5 million in Series C financing for its enterprise cloud storage technology. Ignition Partners led the round, which also included backing from existing shareholders Index Ventures, Mayfield Fund and Redpoint Ventures. StorSimple has raised a total of $31.5 million to date. The new money will help with its growth efforts.
2 min read · 23 June 2011
GE and its venture partners are funding 10 home energy start-ups to the tune of $63 million, as part of its $200 million "GE ecomagination Challenge,” the company announced Thursday. The latest round of investments and commercial partnerships are aimed at household energy efficiency. The newly backed companies include Boston-based Ember; Waltham, Mass.-based GMZ Energy; San Mateo, Calif.-based Hara; Austin-based Nuventix; San Francisco-based Project Frog; and San Francisco-based SunRun. GE is co-investing on several companies with venture investors including Kleiner Perkins Caufield & Byers, RockPort Capital and Foundation Capital.
6 min read · 23 June 2011
Transphorm Inc. has closed a $25 million Series D financing round from Quantum Strategic Partners Ltd., a private investment fund managed by Soros Fund Management, and existing investors Kleiner Perkins Caufield & Byers, Google Ventures, Foundation Capital and Lux Capital. The latest round brings Transphorm’s total funding to $63 million. The company, which launched in February, will use the money to continue development of its compact power conversion technology.
5 min read · 23 June 2011
Durham, NC-based PlotWatt has raised $1 million in seed financing led by Felicis Ventures. The company develops smart meter data analysis technology, designed to help helping individuals and businesses reduce energy bills. The company said it will use the new funds to scale its business. Felicis Ventures is based in Palo Alto, Calif.
3 min read · 23 June 2011
Chinese e-commerce company ihush.com has closed on $43 million in venture capital, Reuters reported. Matrix Partners China is among the company’s investors. The new round will help bolster customer service efforts and fund expansion efforts, Reuters reported, citing Chinese media.
1 min read · 23 June 2011
Online education company Encore Career Institute says that it has raised $15 million in Series A financing from InterWest Partners and Granite Ventures. The company, which is partnering with UCLA Extension to form a new online education venture, will focus on offering professional certificates and career counseling designed specifically for baby boomers transitioning to new careers or trying to stay viable in the current workforce, the company said.
6 min read · 23 June 2011
Chicago-based SMS Assist has raised $15 million from New World Ventures, a Chicago-based venture firm. The company develops facilities maintenance technology designed to track service orders, bill customers, provide compliance reports and manage quality. As a result of the round, Matt McCall, partner at New World Ventures, will join the company’s board.
3 min read · 22 June 2011
Enterprise software developer Bromium raised $9.2 million in a first round of financing from Andreessen Horowitz, Ignition Partners and Lightspeed Venture Partners. The company, which is focused on virtualization and security software, announced the funding Wednesday, adding that it would release its technology during the second half of 2011. The company has offices in Cupertino, Calif., and Cambridge, UK.
3 min read · 22 June 2011
Enablon, a Paris-based provider of sustainability management software, has raised $15 million from the Environmental Technologies Fund. The company’s software is designed to help companies improve the reporting and management of their environmental, health & safety performance, reduce their energy and carbon footprint, better manage risks, reduce costs and streamline business processes. The money will help Enablon continue development efforts, and expand in Europe, North America and Asia, the company said.
3 min read · 22 June 2011
Affineti Biologics, based in New Brunswick, New Jersey, has closed on $500,000 in financing from Foundation Venture Capital Group. The money will help Affineti continue development of its therapeutic and diagnostic products, which are based on new discoveries in oral biology and dental medicine, the company said. Foundation Venture Capital Group, an affiliate of New Jersey Health Foundation, was formed in 2006.
2 min read · 22 June 2011
