Pasadena, Calif.-based UberMedia has closed on $5.6 million from DLD Ventures, the investment arm of Burda Digital. The money will help UberMedia expand its user base, the company said in a written release. UberMedia develops applications for reading and posting to social networking and media platforms, such as twitter.
2 min read · 02 June 2011
South African data center company Teraco Data Environments has closed on 158 million rand ($23.2 million) in Series C financing. The round included equity and debt, and came from IFC, the Development Bank of Southern Africa, Treacle Private Equity, Pentangle Group and Marlow Capital. The money will help Teraco expand its colocation data centres.
2 min read · 02 June 2011
ADVANCE Medical has raised $6 million in a Series A financing round led by Venrock and unnamed Brazilian institutional investors and angels, the company announced Wednesday. ADVANCE Medical is focused on partnering with medical technology companies to commercialize their products in Brazil and other countries in Latin America. The company has offices in Palo Alto and Sao Paulo.
6 min read · 01 June 2011
Austin-based game developer Portalarium has closed a second round of bridge financing from investors including UK-based m8 Capital and San Francisco-based Founders Fund. Terms of the latest infusion were not released, but the company said that the new investment brings the total raised by Portalarium over the past year to $3.6 million. Portalarium publishes and develops games for social network and mobile platforms.
3 min read · 01 June 2011
Alliance Health Networks, a developer of condition-specific social networks, has raised $11 million from investors including New World Ventures, Physic Ventures, Highway 12 Ventures and Epic Ventures. New World led the round, which will be used for development and expansion of its platforms, as well as growth of its mobile platform. Morgan Keegan served as financial advisor to Alliance Health Networks.
4 min read · 01 June 2011
Beaverton, Oregon-based Act-On Software has closed $10 million in Series C financing with Trinity Ventures. To date, the company has raised a total of $14 million. Act-On, which is developing cloud-based integrated marketing platforms, will use the funding for product development and expansion.
4 min read · 01 June 2011
2 min read · 01 June 2011
Baton Rouge, Louisiana-based Esperance Pharmaceuticals has closed on $7.5 million in Series B financing. Sanofi led the Series B funding with an investment of $4.5 million. Louisiana Fund I, Themelios Ventures, Research Corporation Technologies and Advantage Capital Partners/Louisiana Technology Fund also contributed to the round. The cash infusion will help the company continue clinical development of its cancer-targeting drug candidate.
3 min read · 01 June 2011
Specialty pharmaceutical company Shield Therapeutics has closed on 8.2 million euro ($12 million) from Inventages Venture Capital. The Series A round is the company’s first institutional funding. The funding will help continue development for the company’s proposed treatment for iron deficiency anemia. The venture investment is scheduled in two equal tranches over the next two years. Prior to the investment by Inventages, Shield Therapeutics raised a approximately 6 million euro from private investors.
3 min read · 01 June 2011
Fixmo Inc., a provider of secure, end-to-end infrastructure management technology for mobile devices, has raised $6.5 million in Series B financing. Panorama Capital, a new investor in the company, led the round. Existing investors Rho Ventures Canada, iNovia Capital, Extreme Venture Partners also participated. Fixmo is based in Toronto.
3 min read · 01 June 2011
