Video discovery company VideoSurf has raised $16 million in Series C financing from Pitango Venture Capital and other, unnamed investors. The latest infusion brings VideoSurf’s total raised to $28 million. San Mateo, Calif.-based VideoSurf also said that it had recently sealed a patent for its computer vision technology. Israeli venture firm Pitango has more than $1.3 billion under management.
3 min read · 15 April 2011
New York-based Bamboom Labs has raised $4.5 million in seed financing to help develop its infrastructure technology, designed to help consumers watch live TV over the Internet. New York-based FirstMark Capital led the round, which included money from High Line Venture Partners, SV Angel/Ron Conway, First Round Capital, and Highland Capital Partners. Bamboon Labs was started by Chet Kanojia, whose previous venture, Navic Networks, was backed by FirstMark Capital and acquired by Microsoft in 2008.
4 min read · 15 April 2011
Carmell Therapeutics, a company developing blood plasma-based biomaterials that accelerate the repair of injured tissues, has raised an undisclosed amount of Series A financing. Harbor Light Capital Partners led the round, which included participation from Newlin Investment Company, the PLSG Accelerator Fund, Innovation Works, Ariel Savannah Angels, Blue Tree Allied Angels, and un-named individual investors. The money will help establish a pilot manufacturing facility and collect data for early clinical validation for Carmell’s first products.
3 min read · 15 April 2011
Technology Crossover Ventures will pay $125 million for a minority stake in K12 Inc., a publicly traded provider of of proprietary curriculum and online school programs for students in kindergarten through high school. The investment was structured as a private placement of 4 million shares of common stock at a price of $31.46 per share. Jake Reynolds, a general partner of Technology Crossover, will join K12's board. Technology Crossover is based in Palo Alto, Calif., and has $7.7 billion in capital under management.
4 min read · 15 April 2011
Russian seed-stage venture firm Runa Capital has invested $1 million into Metabar, a free platform that automates the process of creating browser-based applications. The company’s technology is designed to help increase web traffic and brand loyalty for Russian-based Internet sites, Runa said in a statement.
3 min read · 15 April 2011
Currensee, an alternative investment service designed to give investors access to the world currency markets, has raised $4 million in Series C financing. North Bridge Venture Partners, Egan-Managed Capital and Vernon & Park Capital provided the financing, which brings Currensee’s total raised to $16.8 million. The latest round of funding will be used to develop new decision-making, collaboration and portfolio management tools for investors, and to fortify the Currensee technology infrastructure including data center expansion, the company said.
5 min read · 14 April 2011
Los Angeles-based MarketShare has raised $32 million from Elevation Partners. The company, a cross-media analytics provider, will use the money for strategic acquisitions, and to fuel investments in analytics, predictive models, and its cloud-based suite of analytic products. In 2009, Elevation Partners announced that it had acquired a minority stake in MarketShare Partners, though financial details were not disclosed.
4 min read · 14 April 2011
Menlo Park, Calif.-based venture firm Benchmark Capital has added Thomas Layton as an Entrepreneur-in-Residence. Layton was most recently CEO of Metaweb Technologies, which was later acquired by Google. He also served as chief executive of OpenTable, which was a Benchmark portfolio company.
2 min read · 14 April 2011
3 min read · 14 April 2011
Ioxus Inc., a manufacturer of ultracapacitor technology for transportation, alternative energy, medical, industrial and consumer product markets, has closed on $21 million from Energy Technology Ventures; Northwater Capital through its Northwater Intellectual Property Fund; Aster Capital and return investor Braemar Energy Ventures. Ioxus will use the cash to expand sales and marketing, and continue technology development. Ioxus is based in Oneonta, N.Y.
4 min read · 14 April 2011
