Sunnyvale, Calif.-based Cotendo has closed on $17 million in financing, adding strategic investors Citrix Systems and Juniper Networks’ Junos Innovation Fund to its list of backers. Existing shareholders Sequoia, Benchmark and Tenaya Capital also contributed to the round. The money will help fuel continued development of the company’s cloud-based acceleration technologies, Cotendo said in a statement.
4 min read · 15 June 2011
3 min read · 14 June 2011
4 min read · 14 June 2011
3 min read · 14 June 2011
2 min read · 14 June 2011
San Francisco-based Roblox, a gaming site for kids, has closed on $4 million in venture financing from ALTOS Ventures and First Round Capital. Formed in 2006, Roblox sees about 5.7 million unique visitors per month. The company will use the latest funding for growth.
3 min read · 14 June 2011
Mobile commerce and self-checkout technology company AisleBuyer has closed on a $7.5 million round led by Old Willow Partners. The funding will be used for product development, and to bolster the company’s engineering and sales teams. Old Willow Partners, a Northfield, Illinois-based firm, also contributed to the company’s first round in 2010. AisleBuyer is based in Boston.
2 min read · 14 June 2011
Smarterer, a developer of technology to measure digital, social and technical skills, has closed on $1.25 million in funding from True Ventures and Google Ventures, with participation from individual investors including Mark Gerson, Shikhar Ghosh, Scott Kurnit, Peter Lehrman, Thomas Lehrman and Dharmesh Shah. Similar to the GMAT and SAT, Smarterer’s scoring algorithm measures skill on an 800 point scale. The company was formed in 2010, and is based in Boston.
4 min read · 14 June 2011
Everloop, the online social network for kids under the age of 13, has closed on $3.1 million in new financing from investors including vFormation; Silicon Valley-based Band of Angels; Envoi Ventures; and individual investors Richard Chino, Wayne Goodrich and Deena Burnett-Bailey. Everloop provides music, social games, videos, photos, animation, user-generated content and other integrated online experiences for kids.
4 min read · 13 June 2011
HTG Molecular Diagnostics, a Tuscon-based provider of molecular technology, has raised $16.2 million in Series D financing. Investors include SR One, the corporate venture capital arm of GlaxoSmithKline, as well as Novo A/S, Fletcher Spaght Ventures, Merck Capital Ventures, Solstice Capital and Valley Ventures. Novo A/S led the round. Simeon George, partner at SR One will now join the company’s board.
2 min read · 13 June 2011
