Cambridge, Mass.-based Seventh Sense Biosystems has raised $4.5 million of a planned $10 million Series A round, the company said Wednesday. Existing investors Flagship Ventures, Polaris Venture Partners and Third Rock Ventures provided the tranche, which will be used for continued development of the company’s blood sampling technology.
2 min read · 11 May 2011
Pageonce, a daily finance service for mobile devices, has closed a $15 million equity financing round, bringing the total raised by the Palo Alto, Calif.-based company to $25 million. Morgenthaler Ventures led the latest round, with participation from existing shareholders Pitango Ventures and Chairman of the Board Liron Petrushka. The money will provide the company with working capital.
3 min read · 11 May 2011
A group of banking and e-commerce veterans have launched FreeMonee with $11 million from investors including Opus Capital Ventures, Redpoint Ventures, Sutter Hill Ventures, Pinnacle Ventures and Contrarian Group. FreeMonee, based in San Mateo, Calif., has developed technology enabling enables merchants to give “gifts” directly to individual credit and debit cardholders through participating financial institutions. The FreeMonee gifts act as cash incentives that function like a gift card on an individual’s debit or credit card.
5 min read · 11 May 2011
Indian online and mobile classifieds platform Quikr has closed on $8 million in equity financing. New investor Nokia Growth Partners led the round, which included participation from Norwest Venture Partners and eBay Inc. The company’s classified ad platform operates in 40 cities across India, and sees more than 10 million visitors per month, the company said in a statement. Quikr has also raised money from Matrix Partners India and Omidyar Network.
3 min read · 11 May 2011
Online language school Open English has closed on $4.25 million in Series B financing led by Flybridge Capital Partners. The company has more than 10,000 Spanish-speaking students using its platform from 15 countries in the Americas. The new money will help Open English expand into new markets. The company, based in Miami, has raised a more than $10 million to date.
2 min read · 11 May 2011
CardioDx, a company developing cardiovascular genomic diagnostics, has raised $60 million in new equity funding. New investors Longitude Capital, J.P. Morgan, Acadia Woods Partners, Artiman Ventures, and Bright Capital, the venture arm of RU-COM, participated in the round, which also included the company’s previous investors. The company has raised money previously from Kleiner, Perkins, Caufield & Byers, Mohr Davidow Ventures, TPG Biotech, Intel Capital, Pappas Ventures, DAG Ventures, Asset Management Group and GE Capital. Funding will be used to expand reimbursement coverage in the United States for the company’s blood-based gene expression test for obstructive coronary artery disease, as well as to continue development of future products. The company, based in Palo Alto, Calif., closed a $45 million round in May 2010.
4 min read · 11 May 2011
Cleveland-based Explorys has closed on $11.5 million in Series C financing led by Austin Ventures and Foundation Medical Partners, with follow-on investments from Santé Ventures and Cleveland Clinic. Formed in 2009, the company’s integrated healthcare systems are aimed at improving care, costs, and outcomes by leveraging clinical data at scale.
3 min read · 11 May 2011
MusiXmatch, which makes a digital lyrics API designed to provide international rights management, has closed on $3.7 million in a first round of financing from Italian investor Francesco Micheli Associati. The Series A round will help musiXmatch expand its lyrics service to application developers and music services.
2 min read · 10 May 2011
San Francisco-based game developer Funzio has inked $20 million in Series A venture capital led by IDG Ventures in the U.S., and IDG Capital Partners in China. Funzio develops games for Facebook and mobile devices. As part of the deal, IDG Ventures Managing Director Phil Sanderson will join the company’s board. Playdom Co-Founder Rick Thompson also participated in the round, and will come aboard as chairman.
3 min read · 10 May 2011
Norway’s ReVolt Technology AS has closed on 2 million euros ($2.87 million) in Series B financing. Terms of the latest infusion were not released. The company has raised a total of 26 million euro in private equity capital. The company is the developer of battery technology designed for the stored energy solutions market.
2 min read · 10 May 2011
