Citi Ventures, an investment unit of Citigroup, has made a strategic investment in mobile payment provider Billing Revolution, the company announced Tuesday. Terms of the investment were not released. Billing Revolution is based in Seattle and San Francisco, and has previously inked venture funding from DCM and SK Telecom Ventures. Citi Ventures is based in Palo Alto, Calif.
3 min read · 21 June 2011
DisplayLink, a provider of networked display technology for multi-monitor and USB-connected computing, has closed on $8 million in new capital. Though the company did not name its most recent investors, the company has previously inked venture funding from Atlas Venture, Balderton Capital, DAG Ventures, DFJ Esprit and WTI. The Palo Alto, Calif.-based company has raised a total of $68 million.
3 min read · 21 June 2011
Contour Energy Systems, a developer of battery systems, has closed an undisclosed amount of Series C financing, the company said Tuesday. Investors in the round include EDB Investments, CMEA Capital, Harris & Harris, Schlumberger and U.S. Venture Partners. The latest infusion will go toward research and development efforts, production capacity expansion and funding working capital growth.
3 min read · 21 June 2011
Online home goods retailer CSN Stores has raised $165 million in its first round of institutional financing from Battery Ventures, Spark Capital, HarbourVest Partners and Great Hill Partners. The nine-year-old company, which says it is profitable, will use the cash infusion to expand as it consolidates its catalog under the brand Wayfair.com, the company said Tuesday. The company will also use the funds for potential acquisitions.
3 min read · 21 June 2011
Cloud identity security company Ping Identity has closed on $21 million in fresh capital, the company announced Tuesday. Triangle Peak Partners, Silicon Valley Bank, and existing investors Appian Ventures, Draper Fisher Jurvetson, General Catalyst Partners, SAP Ventures and Volition Capital provided the round. The infusion will be used to accelerate development and to bolster sales efforts. Ping Identity is based in Denver.
3 min read · 21 June 2011
Biopharmaceutical company Tesaro Inc. has closed a whopping $101 million Series B round led by Kleiner Perkins Caufield & Byers. Existing shareholder New Enterprise Associates also participated, as did new investors InterWest Partners, T. Rowe Price, Pappas Ventures, Oracle Partners, Deerfield Management and Leerink Swann. Tesaro is focused on oncology-related products, including a drug to prevent chemotherapy-induced nausea. The company sealed a $20 million Series A round in 2010.
5 min read · 21 June 2011
OwnerIQ, the Boston-based developer of a real-time media buying platform, has closed on $7 million in fresh capital from its existing shareholders and from Longworth Venture Partners, the company announced Monday. The company has previously raised capital from investors including Atlas Venture, CommonAngels, Massachusetts Technology Development Corp., and Egan-Managed Capital.
2 min read · 20 June 2011
Best Buy Capital, the venture capital arm of Best Buy Co., led a $5.5 million Series B round for mobile health and fitness company Valencell. Series A investors TDF and True Ventures also contributed to the round. Valencell has developed earbuds designed to give audio headsets the ability to monitor the health and fitness of the user. The company was formed in 2006 and is based in Raleigh, N.C.
4 min read · 20 June 2011
Jan Medical has closed on $3.15 million in Series A financing for clinical trials of its portable brain sensing system designed to diagnose strokes, the company announced Monday. Munich-based Brainlab led the round.
3 min read · 20 June 2011
iControl Networks, a developer of broadband home management technology, has closed a $50 million Series D round, bringing the company’s funding to more than $100 million. The money will be used to speed up deployment of iControl's energy management solution and other broadband home management services, the company said. Investors include Cisco, Comcast Ventures, Intel Capital, Charles River Ventures, the Kleiner Perkins Caufield & Byers iFund, Rogers Communications and Tyco International.
3 min read · 20 June 2011
