HotelTonight, a provider of a service for booking last-minute hotel rooms via mobile devices, has closed on $3.25 million in Series A financing. Battery Ventures led the round, with participation from Accel Partners and First Round Capital. Individual investors in the round included Rich Barton, Erik Blachford, Brad Gerstner and Hugh Crean. The company will use the new funds to expand into new mobile platforms, add new functionality, support marketing campaigns and expand into new markets.
4 min read · 10 May 2011
Encinitas, Calif.-based Super Heat Games has closed on $1.6 million in Series A financing. Venture firms Diamond Ridge Ventures and DFJ Frontier led the round. Josh Swartz, a general partner at Diamond Ridge, and Scott Lenet, a managing director at DFJ Frontier, will both join the company's board as a result of the round. The company will use the infusion for development, marketing and sales of its skateboard-themed collectible trading card game, which is plans to launch in late May.
3 min read · 10 May 2011
Carlsbad, Calif.-based Verdezyne Inc. has closed on an undisclosed amount of new funding from BP Alternative Energy Ventures, DSM Venturing B.V., OVP Venture Partners and Monitor Ventures. Terms of the round were not released. Verdezyne is an industrial biotech company developing processes for the production of renewable fuels and chemicals.
3 min read · 10 May 2011
Caprotec Bioanalytics GmbH, a Berlin-based biopharmaceutical company, has added $1.4 million in a second tranche of its Series B round, bringing the total raised in the round to $7.2 million. LBBW Venture Capital , Creathor Venture, IBB Beteiligungsgesellschaft, ERP Startfonds, and other undisclosed investors contributed to the round. Caprotec is based in Berlin, with operations in Burlington, Mass.
2 min read · 10 May 2011
Ann Arbor-based MIR Acquisition, which operates as Molecular Imaging Research Inc., has closed on $7 million in Series A venture financing. Baird Venture Partners and Arcus Ventures co-led the round, which is designed to help MIR expand and commercialize its technology. The company specializes in the in vivo preclinical imaging of small animals, technology used by pharmaceutical, biotechnology and medical devices companies.
4 min read · 09 May 2011
U-Systems, a developer of automated breast ultrasound technology, has closed on $6.5 million from investors including iD SoftCapital Group, Lumira Capital, PIIH, Radius Ventures, and Sycamore Ventures. The company will use the funds to complete a clinical study, and complete submissions for regulatory approval with the Food and Drug Administration. U-Systems is based in Sunnyvale, Calif.
2 min read · 09 May 2011
Location-based mobile media company JiWire has closed on $20 million in Series C financing. Palo Alto, Calif.-based Trident Capital led the round, which included participation from existing shareholders Comcast Interactive Capital, Draper Fisher Jurvetson, Norwest Venture Partners and Panorama Capital. The company has raised a total of $45 million to date. Trident Capital's John Moragne will join the JiWire board as a result of the round. JiWire is based in San Francisco.
3 min read · 09 May 2011
3 min read · 09 May 2011
2 min read · 05 May 2011
3 min read · 05 May 2011
