Flash sale website ideeli.com has closed on whopping $41 million from a slew of venture investors including Next World Capital, Cue Ball Capital, StarVest Partners, Constellation Growth Capital and Kodiak Venture Partners, Reuters reported. The money will help ideeli.com offer shoppers more brands and improve its technology, Reuters said. The company previously raised upwards of $24 million across two earlier rounds.
1 min read · 28 April 2011
Crisp Media, a company focused on cross-platform rich media advertising technology, has raised $6 million in fresh capital. Current shareholders Meritage Funds and Intel Capital were joined in the financing by Singapore’s EDBI. Crisp Media develops mobile ad products that make HTML5 advertising scalable across device platforms for native apps and browsers. The company is based in New York.
4 min read · 28 April 2011
Clarizen, an Israeli developer of work execution software, has closed on $12 million in venture financing. Opus Capital Ventures led the round, which included participation from Benchmark Capital, Carmel Ventures and DAG Ventures. Dan Avida, a general partner at Opus Capital, will join Clarizen's board. The company will use the funds to expand its product line, and to bolster sales and marketing. The company’s work execution software aims to streamline workflow processes and provide real-time cross-project intelligence. Formed in 2005, Clarizen is based in Hod Hasharon, Israel.
3 min read · 28 April 2011
Scientific Conservation Inc., a building energy management company, has closed its Series B financing round with more than $19 million. The company sealed investments from GE Energy Financial Services and Triangle Peak Partners. San Francisco-based Scientific Conservation has developed a software-as-a-service platform designed to help reduce annual energy spending by comparing predicted energy and system efficiencies against real-time operation.
4 min read · 28 April 2011
New Zealand’s Quantec, a company specializing in discovering and commercializing bioactives from natural products, has inked $500,000 in fresh capital from Waikato-based private equity fund Central Capital Investments and the New Zealand Venture Investment Fund. The money will be used to fuel sales.
2 min read · 28 April 2011
Spiceworks, the maker of a social business network for IT professionals and technology vendors, has raised $25 million in Series D financing. New investors Adams Street Partners and Tenaya Capital joined in the round, as did existing shareholders. The money will be used for expansion. Austin-based Spiceworks previously raised at least $29 million from investors including Institutional Venture Partners, Austin Ventures and Shasta Ventures.
3 min read · 28 April 2011
AppNeta, a cloud-based provider of network performance management technology, has closed on $6.2 million in new venture funding. Investors include Bain Capital Ventures, Egan-Managed Capital, JMI Equity, and Business Development Bank of Canada. The money will help AppNeta expand its cloud-based network performance management service. AppNeta is based in Wellesley Hills, Mass.
2 min read · 27 April 2011
Chinese location-based social networking start-up Digu.com aims to raise $25 million in new venture funding, Reuters reported. The company, with a service similar to the U.S.-based location-based network Foursquare, has raised about $5 million from venture investors Bridger Capital and SEAVI Advent. The company aims to raise $25 million in fresh capital over two rounds.
2 min read · 27 April 2011
San Francisco-based PapayaMobile, a social gaming network for the Android platform, has closed an $18 million Series B round. China’s Keytone Ventures and venture firm DCM provided the financing, which is aimed at expanding the company’s developer ecosystem in the U.S. and Europe. DCM funded the company’s initial $4 million round, closed in 2010. PapayaMobile has offices in Beijing and Menlo Park.
4 min read · 27 April 2011
Durham, N.C.-based Digitalsmiths has closed on $12.5 million in Series C financing. Technicolor led the round; all existing investors including .406 Ventures, Aurora Funds, Chrysalis Ventures, Capitol Broadcasting and Cisco also participated. Digitalsmiths develops video search and discovery products. Prior to the Series C round, Digitalsmiths had raised roughly $22 million in venture financing.
3 min read · 27 April 2011
