PrivateFly.com, an online aggregator for private jet charters, is shopping around for investors to fund its planned 1.5 million pound ($2.4 million) second round, the company said Wednesday. PrivateFly.com raised 510,000 pounds in June 2010, which has been used to develop its site in England and branch out into other English-speaking markets. The company is based in St. Albans, England.
2 min read · 22 June 2011
Shazam has raised $32 million in a new funding round co-led by Kleiner Perkins Caufield & Byers and Institutional Venture Partners. Existing shareholder DN Capital also participated in the round. The money will help Shazam continue development of its real-time discovery and sharing application, with plans to expand into television with “Shazam for TV.”
5 min read · 22 June 2011
Helsinki-based healthcare company Mendor has closed on 8.1 million euros ($11.64 million) in Series B financing from Finnish entrepreneur and investor Risto Siilasmaa, Life Sciences Partners, Finnish Industry Investment Ltd., Finnish Mutual Pension Insurance Company Ilmarinen, private Finnish investment group Biothom and Finnvera Venture Capital. The company, formed in 2006, develops diabetes technologies and services.
4 min read · 22 June 2011
Montreal-based Cycle Capital Management has invested $4 million in LED Roadway Lighting Ltd., a Nova Scotia-based designer and manufacturer of LED-based street and area lighting. The investment is part of an $8 million total funding round, and was made in connection with Nova Scotia Business Inc., a business development agency, the firm said. Cycle Capital has $125 million under management and invests primarily in the northeastern of North America.
2 min read · 22 June 2011
Boston-based Kyruus Inc. has raised $5.5 million in Series A financing from Highland Capital Partners, Venrock and strategic investor Gerson Lehrman Group. The company is also backed by individual investors including Jonathan Bush, Ed Park, John Goldsmith and James Golden. Formed last year, Kryuus is developing a technology platform to unify public and proprietary healthcare data sources to perform processing, profiling, and predictive analytics based on the professional personas of physicians.
4 min read · 22 June 2011
Glympse has raised $7.5 million in a Series B financing round led by Menlo Ventures and Ignition Partners. Glympse’s iPhone and Android apps let users share their location with anyone they choose, and use the app to update their status on Facebook or Twitter to show their location. The cash infusion will help the company with growth efforts, including development of new products and features, the company said.
3 min read · 22 June 2011
Bangalore-based microlender Janalakshmi Financial Services closed on 650 million rupees ($14.4 million) in a third round of financing, Reuters reported. Citi Venture Capital International took a "significant minority stake" in the company through the round of funding, Reuters wrote. Other investors included TreeLine. Specific terms were not released. Bangalore-based Unitus Capital was the lead arranger and adviser of the issue. Morgan Stanley also acted as an adviser.
2 min read · 22 June 2011
2 min read · 21 June 2011
4 min read · 21 June 2011
2 min read · 21 June 2011
