ShotSpotter Inc., a maker of gunshot location and detection technology, has closed a $7 million equity financing round, and added $3.5 million in debt financing, the firm said Thursday. The funding will help ShotSpotter develop its technology into a domestic public safety platform-as-a-service delivery model. The company, based in Mountain View, Calif., is backed by City Light Capital, Claremont Creek Ventures, Labrador Ventures, Lauder Partners, Levensohn Venture Partners, Norwest Venture Partners, and The Westly Group.
5 min read · 16 June 2011
Boston-based Allied Minds led a $10 million round for RF Biocidics Inc., a company that manufactures chemical-free treatment equipment and systems designed to eliminate food related pathogens, pests, and fungi. Existing shareholder Invesco Asset Management Ltd. also contributed to the round, which will be used to expand the company’s proprietary pasteurization and disinfestation businesses.
3 min read · 16 June 2011
Cloud services provider Macheen Inc. has closed on $10 million in Series B financing, the company announced Thursday. North Bridge Venture Capital led the round, and as a result, the firm’s Basil Horangic will join the Macheen board. DFJ Mercury, which led the company’s Series A financing in 2010, also contributed to the round. Angel investors Tom Meredith, Mike Maples Sr. and Yechiam Yemini also participated. Macheen is based in Austin, Texas.
3 min read · 16 June 2011
Online cause-based shopping platform SocialVest has raised more than $1 million in Series A financing, the company announced Thursday. Bluff Point Associates led the round, which will help the Atlanta-based start-up bolster its development efforts. The company provides a free service that rewards users with cash back for purchases from online and brick-and-mortar retailers. Users can then donate the money to various non-profits. The company launched in September and previously inked $500,000 in seed money.
3 min read · 16 June 2011
Lumosity has raised $32.5 million in Series C financing. Menlo Ventures led the round, with participation from existing investors FirstMark Capital, Harrison Metal and Norwest Venture Partners. Lumosity’s technology utilizes neuroscience to create games and exercises that improve core cognitive abilities. The company claims more than 14 million users across 180 countries. Lumosity is based in San Francisco.
3 min read · 16 June 2011
FieldView Solutions, a maker of data center infrastructure management software, has closed on $2 million in fresh capital from SJF Ventures, Milestone Venture Partners and Osage Venture Partners. The money will help the company expand its development team, among other efforts. Edison, New Jersey-based Fieldview closed a $2.75 million Series A round in 2009.
4 min read · 15 June 2011
Chip maker Active-Semi International Inc. has sealed $6 million in debt financing from Silicon Valley Bank. The money will help Active-Semi to finance its account receivables in Hong Kong, as well as support company growth efforts. The company is backed by venture capital firms U.S. Venture Partners, Tenaya Capital and Selby Ventures.
4 min read · 15 June 2011
Tintri, a maker of VM-aware storage appliances, has closed on $18 million in Series C financing from existing backers NEA and Lightspeed Venture Partners, the company announced Wednesday. The money will help bolster research and development, as well as sales efforts. Formed in 2008, Tintri is based in Mountain View, Calif. The company previously raised $17 million across two earlier rounds.
3 min read · 15 June 2011
TellApart Inc., a maker of analytics technology for ecommerce providers, has closed on $13 million in Series B capital. Bain Capital Ventures led the round, and the firm’s Ajay Agarwal will join TellApart’s board as a result. The firm is also backed by Greylock Partners and undisclosed angel investors. Formed in 2009, TellApart's total funding is now $17.75 million.
1 min read · 15 June 2011
3 min read · 15 June 2011
