FSAStore.com, a provider of Flexible Spending Account eligible products and services, has raised $800,000 in Series A financing. Providence, Rhode Island-based Point Judith Capital led the round, with participation from Columbia Business School Lang Fund, Opal Moon and other angels. The money will be used to bolster sales and marketing initiatives.
2 min read · 23 May 2011
VYou, the developer of a conversational video platform, has closed on $3 million in Series A financing. RRE Ventures and Highland Capital Partners led the round, which will be used for growth and technology development. Other investors include High Peaks Venture Partners, Broadway Video Ventures, and individual investors Kevin Wall, David Tisch, and Rick Webb. Adam Ludwin of RRE Ventures and Dan Nova of Highland Capital will join as board members.
5 min read · 23 May 2011
Seattle-based Adapx has closed on $5 million in new funding from Kirkland, Wash.-based OVP Venture Partners, Washington D.C.-based Paladin Capital Group, and Salt Lake City-based Pelion Venture Partners. The company’s Capturx software is designed to instantly capture data from paper with digital pens. In addition to expanding the Capturx product line, Adapx will use the new funds to expand the Capturx multimodal product line used by the military. That technology is designed to help the military input data into digital mapping and other intelligence systems by simply sketching on paper, touchscreen devices, or by speaking as they sketch on wall displays, the company said.
3 min read · 23 May 2011
Sunnyvale, Calif.-based Innovalight Inc., which sells silicon ink and advanced solar cell process technology, has inked $3.4 million in funding under the SunShot initiative by the U.S. Department of Energy. The money will help the company accelerate the development and production of silicon ink material and processes for high efficiency solar cells. With more than $63 million raised previously, Innovalight is also backed by EDB Investments of Singapore, Vertex Venture Holdings, Apax Partners, ARCH Venture Partners, Convexa Capital, Harris & Harris Group, Sevin Rosen Funds and Triton Ventures.
2 min read · 23 May 2011
3 min read · 19 May 2011
3 min read · 19 May 2011
Brand-name angel investors Marc Benioff and Ron Conway joined venture firms Hummer Winblad Venture Partners and Andreesen Horowitz in a $10 million round for Shacho Inc. Sacho, formed by Omniture founder Josh James, a working name for the business intelligence technology start-up, which has yet to launch. Other investors in the $10 million round include SuccessFactors founder and chief executive Lars Dalgaard; Akamai CEO Paul Sagan; Symantec Chairman John Thomspon; Facebook vice president Dan Rose; and marketing firm WPP.
3 min read · 19 May 2011
Paris-based online gaming start-up Pretty Simple has closed on $3.6 million from IDInvest Partners. The money will help Pretty Simple add to its team and boost production capacity. IDInvest Partners is a European investment firm with 2.8 billion euros in managed assets.
3 min read · 19 May 2011
San Francisco-based ticketing startup Eventbrite announced Wednesday that it has sealed a monster $50 million in Series E financing. New York-based Tiger Global Management led the round. The money is aimed at growth, and further development of its event ticketing system. This round brings the company's total funding to $79.5 million. Other shareholders include Sequoia Capital, DAG Ventures and Tenaya Capital.
3 min read · 19 May 2011
Cleantech start-up WaterSmart Software has raised $900,000 in a seed financing round led by Menlo Incubator, and joined by Draper Fisher Jurvetson, Physic Ventures, and Sand Hill Angels. The company was formed in late 2009, and will use the cash infusion to build out its customer engagement platform for water utilities.
4 min read · 19 May 2011
