Harvest Power, a developer of renewable energy and fertilizer products from organic waste, said Tuesday that it had extended its $51.7 million Series B financing. Zurich-based SAM Private Equity added a $6 million investment to the round. The company is also backed by Generation Investment Management, DAG Ventures, Keating Capital, Kleiner Perkins, publicly traded Waste Management, Munich Venture Partners, and TriplePoint Capital.
3 min read · 24 May 2011
Radius Health Inc. said Tuesday that it closed a $91 million third round of financing. The round includes $66 million in equity financing, and a commitment by GE Capital, Healthcare Financial Services and Oxford Finance for a $25 million multi-draw term loan facility. Five new investors–including BB Biotech AG, Brookside Capital, Saints Capital, Nordic Bioscience, and Ipsen Pharma SAS–joined existing investors MPM Capital, BB Biotech Ventures, MPM Bio IV NVS Strategic Fund, The Wellcome Trust, HealthCare Ventures, and Scottish Widows Investment Partnership in the equity portion of the round. Radius Health is based in Cambridge, Mass. Radius also announced that immediately following the initial closing of the financing, it merged with MPM Acquisition Corp., an unlisted public reporting shell company. The combined company will go by the name Radius Health. Radius is a developer of drug therapies for osteoporosis and women’s health.
6 min read · 24 May 2011
Social intelligence technology company Crimson Hexagon has raised $5 million from Charles Dolan, founder and chairman of Cablevision Systems Corp. The Series B funding will be used for product development and subscription growth. Crimson Hexagon was founded in 2007, and previously backed by a series of angel investments led by the Golden Seeds investors group.
2 min read · 24 May 2011
Calabasas, Calif.-based Music Mastermind has closed on $10.8 million in Series B financing. Intel Capital and Liberty Global led the round with a combined contribution of $6.8 million, while angel investors participated with an additional $4 million. Music Mastermind, an entertainment and technology company, will use the money to help launch its create-and-share music platform later this year. The company raised its first round of funding in February 2010 with nearly $5 million from angel investors.
3 min read · 24 May 2011
Intel Capital announced four investments Monday totaling $24.5 million. The firm invested in CrowdStar, a developer of social games on Facebook and mobile platforms; iStreamPlanet, a provider of live Web broadcast management and automated video workflow; Music Mastermind, an independent entertainment and technology company; and PerspecSys, a cloud data security provider.
4 min read · 24 May 2011
Revel Systems Inc., a provider of iPad point-of-sale systems for the restaurant and retail industries, has raised $3.7 million in venture financing. DCM led the round, and as a result General Partner Jason Krikorian has joined the Revel Systems board. The financing will be used to expand sales and marketing and roll out new products.
3 min read · 24 May 2011
Siano Mobile Silicon, a provider of mobile digital TV receiver chips, has raised $20 million in an expansion capital round led by Jerusalem Venture Partners. The financing will help the company bolster its product lines as well as extend its geographic presence in North America.
3 min read · 24 May 2011
Eightfold Logic launched its cloud-based social writing application, InboundWriter, Monday and announced a $2 million infusion of venture capital. The Series C funding came from existing investors including Rho Canada Ventures, Castile Ventures, Formative Ventures, and The Entrepreneurs' Fund III. This round brings the total raised to nearly $20 million.
5 min read · 23 May 2011
Australian online retailing group CatchoftheDay, has raised an undisclosed amount of financing from a group of investors including Tiger Global Management, James Packer's Consolidated Press Holdings, Andrew Bassat of Seek and Glenn Poswell of Gannet Capital. The money comes at a $200 million valuation for CatchoftheDay, which operates two well-known e-commerce sites in Australia. The company founders will retain a controlling interest in the company. Lee Fixel from Tiger Global, and Jason Lenga from Seek, will join as directors.
4 min read · 23 May 2011
Unsocial, a location-based business networking platform, announced Monday that it has closed its seed round. The company did not disclose the amount of seed financing. According to an October 2010 filing with the S.E.C., the company had at that time sealed $50,000 of a planned $300,000 round. Unsocial uses its location-based platform and “smart tagging” technology to profile users based on their professional history, and suggest new contacts. The platform is available on iPhone, Android and BlackBerry.
3 min read · 23 May 2011
