ExtraHop Networks has secured $14 million in series B financing. Meritech Capital Partners of Palo Alto, Calif., led the round. Madrona Venture Group, which is an original investor in ExtraHop, also participated. ExtraHop plans to use the capital for its growth trajectory. ExtraHop is a Seattle, Wash.-based provider of network-based application performance management solutions.
4 min read · 04 May 2011
Gigwalk has held the public launch of its service that instantly connects businesses to a tech-savvy community who gets paid to use the free Gigwalk iPhone App to collect, capture and report real-world data. Gigwalk is an on-demand mobile workforce. The Mountain View, Calif.-based company has also secured $1.7 million in seed funding from venture capitalists, including AdMob investor Michael Dearing of Harrison Metal, Mint.com investor Jeff Clavier of SoftTech VC and LinkedIn co-founder Reid Hoffman of Greylock Discovery Fund. LiveOps co-founder Bill Trenchard of Founder Collective and Alex Lloyd of Accelerator Ventures also participated in the round.
4 min read · 04 May 2011
BuyWithMe Inc. acquired DealADayOnline, a group buying and social commerce company focused on the Chicago marketplace. BuyWithMe.com is a New York-based developer of marketing solutions. It is backed by Bain Capital Ventures and Matrix Partners.
2 min read · 04 May 2011
Boingo Wireless Inc.’s initial public offering of 5.77 million shares was priced at $13.50 each. Shares of the provider of commercial mobile Wi-Fi Internet solutions will change hands on the NASDAQ Global Market under the symbol "WIFI" starting Wednesday. Boingo is offering about 3.85 million of the shares and selling stockholders are offering about 1.92 million. Credit Suisse and Deutsche Bank Securities are acting as joint book-running managers. Los Angeles, Calif.-based Boingo is backed by Evercore Partners, Mitsui & Co. and New Enterprise Associates Inc.
2 min read · 04 May 2011
Santa Clara, Calif.-based Peel, the maker of a television recommendation application for the iPhone, has closed on $16.7 million in Series B financing. Menlo Park, Calif.-based Lightspeed Venture Partners led the round, which included participation from existing investors including Redpoint Ventures. The company will use the money for expansion of its platform and application.
3 min read · 03 May 2011
Zurich-based Delenex Therapeutics has closed on an additional $13 million euro ($19.3 million) to bring its Series A round to 23.5 million euro ($34.8 million). Novo Ventures led the latest tranche, with participation from SV Life Sciences, HBM BioCapital, HBM BioVentures, BioMedInvest and VI Partners. Delenex is a biotech company developing therapeutic antibody fragments for diseases with high unmet need.
3 min read · 03 May 2011
Enecsys Ltd., a eight-year-old provider of solar micro inverter systems, has raised 25 million pounds ($41 million) in Series B financing. Climate Change Capital Private Equity led the round, with participation from existing shareholders Wellington Partners, NES Partners and Good Energies. The UK-based company closed its $14.3 million Series A round in 2009.
5 min read · 03 May 2011
Montreal-based MConcierge Systems Inc., a maker of mobile-to-web software for the hospitality industry, has inked an undisclosed amount of financing from Real Ventures, Montreal Start Up, Palos Capital and Positron Inc. The money will help it expand software for hotels, which is a task management, content management and ordering system designed to integrate into existing IT infrastructures, PMS and other third party software. Real Ventures is a seed venture fund based in Montreal.
3 min read · 02 May 2011
GE Capital’s Commercial Distribution Finance will provide a $50 million credit facility for iGov.com, an IT systems integrator for government customers. The money will help provide working capital, and purchase order financing credit for federal government contracts, the company said in a written release. iGov.com is based in McLean, Virginia.
2 min read · 02 May 2011
Newton, Mass.-based Kaminario, which develops high-performance SSD storage, has raised $15 million from venture investors. New investor Globespan Capital Partners joined existing shareholders Sequoia Capital and Pitango Venture Capital in the Series C round. Three-year-old Kaminario has raised a total of $34 million to date, and will use the latest infusion to expand sales and marketing efforts, and bolster its product line.
3 min read · 02 May 2011
