Paris-based MakeMeReach has closed on 3 million euro ($4.4 million) in venture capital financing. Alven Capital, UFG-Siparex and Siparex Venture contributed the round. MakeMeReach is a social media company and Facebook ad provider in France. The new financing will be used to expand the company's sales efforts.
3 min read · 27 April 2011
Cincinnati-based Akebia Therapeutics has closed on $22 million in Series B financing. Existing shareholders Novartis Venture Fund and Venture Investors co-led the round, which also saw participation from Triathlon Medical Ventures, Kearny Venture Partners, Athenian Venture Partners and Sigvion Capital and new investors including AgeChem Venture Fund. Akebia develops pharmaceuticals focused on anemia and vascular disorders. The $22 million Series B round includes a $14 million first closing. In addition, the company has the right to access another $8 million through the end of 2011.
2 min read · 26 April 2011
Paris-based social gaming start-up Kobojo has inked $7.5 million in its first round of fundraising. Endeavour Vision led the round, with participation from IDinvest Partners. With the new cash, the company aims to continue development in France and internationally. Kobojo was advised by Clipperton Finance.
2 min read · 26 April 2011
Mt. Laurel, New Jersey-based TimeSight Systems, a developer of video lifecycle management technology, have closed on an undisclosed amount of financing from New York-based Contour Venture Partners and New Venture Partners. The money will help TimeSight fund development of its next-generation video surveillance systems.
4 min read · 26 April 2011
Channelinsight, a provider of channel sales management products, has closed on $10 million in Series C financing, bringing its total raised to $21 million. Rho Ventures led the round, with participation from Sevin Rosen Funds, Sequel Venture Partners and Vendanta Capital. The company will use the new money for continued product development and expansion of its sales and marketing. Channelinsight is based in Denver.
3 min read · 26 April 2011
Oxford Nanopore Technologies Ltd., a UK-based developers of nanopore technology, has sealed 25 million pounds ($41 million) in new funding. Lansdowne Partners, IP Group, Invesco Perpetual, Redmile Group, Illumina and other undisclosed investors participated in the round. The company had previously raised 49 million pounds. Oxford Nanopore was formed in 2005, and will use the money for continued development.
3 min read · 26 April 2011
Enterprise virtualization and cloud architecture start-up Big Switch Networks has closed on $13.75 million in Series A financing. Index Ventures and Khosla Ventures co-led the round. Four new directors joined the company’s board as a result of the financing: Former Veritas CEO Mark Leslie; Bill Meehan, director Emeritus at McKinsey and Co.; Shirish Sathaye, partner at Khosla Ventures; and Mike Volpi, partner at Index Ventures. Big Switch is based in Palo Alto, Calif.
4 min read · 25 April 2011
New York-based Pixable, an online social photo company, has added $3.6 million in Series B financing. Menlo Ventures led the round. Highland Capital Partners also participated in the financing. The new cash is aimed at bolstering the company's engineering team and infrastructure, and increasing traffic across multiple platforms, including Web, iPad, iPhone and Android devices.
3 min read · 25 April 2011
Encoding.com, a San Francisco-based video encoding service provider, has raised $2 million in fresh capital from its current investors. Metamorphic Ventures led the round, which included participation from individual investors Patrick Condon, John Engates and Dave Morgan. The money will be used for expansion, the company said in a written statement.
2 min read · 25 April 2011
Sequoia Capital has invested an undisclosed amount in Beijing-based online retailer Milanoo.com. The “multi-million dollar investment” will be used to strengthen the company's product supply system, optimize the online shopping platform and bolster the company’s staff, according to a written release.
3 min read · 25 April 2011
