2 min read · 07 April 2011
Google has announced its first clean energy investment in Europe: a 3.5 million euro ($5 million) investment in a solar photovoltaic power plant in Brandenburg an der Havel, Germany. Google co-invested in the project alongside German private equity firm Capital Stage. According to a press release from Capital Stage, the Internet giant acquired a 49% stake in the solar project.
2 min read · 07 April 2011
MEDomics LLC, a provider of sequence-based DNA diagnostic testing, has raised an undisclosed amount of funding from SpaGus Ventures. The funding will help with continued growth of the company's tests for mitochondrial disease diagnosis. MEDomics is based in Azusa, Calif. As a result of the round, Gary Augusta, president of Warwick, RI-based SpaGus Ventures, will join the company as chief operating officer and director.
2 min read · 07 April 2011
Roanoke, Va.-based PixelOptics, the developer of electronic focusing eyeglasses, has closed $45 million in new financing. The round, led by publicly traded Safeguard Scientifics Inc., includes $35 million in equity and $10 million in venture debt. In addition to Safeguard Scientifics, Delphi Ventures, The Carlyle Group, Longitude Capital, and Stark Investments all contributed to the equity round. Horizon Technology Finance provided the venture debt funding. In 2008, peHub reported that the company had closed on $30 million in Series C financing from Longitude Capital, The Carlyle Group, Delphi Ventures, Stark Investments and Life Science Angels.
4 min read · 07 April 2011
Baar, Switzerland-based me2me, which develops productivity software solutions for enterprise mobility, has raised 2.15 million Swiss francs ($2.34 million) in a first close of its Series A financing round. Investors include Credit Suisse entity SVC Ltd., Swisscom Ventures and beelk Holding AG. The company plans a final close of the round – targeted at 3 million Swiss francs in total – by the end of June.
3 min read · 07 April 2011
Cellular Dynamics International Inc., which manufactures human induced pluripotent stem cells, has raised $30 million in a financing round led by Tactics II Stem Cell Ventures. Other investors in the Series B round include Sam Zell's Equity Group Investments LLC, Sixth Floor Investors LP and G Force Investments LLC. The Madison, Wisc.-based company has raised $100 million in funding since 2004.
4 min read · 07 April 2011
Sunnyvale, Calif.-based GoldSpot Media has closed on $12.05 million in Series B financing from investors Exa Ventures and Berg Enterprises. The funding will help GoldSpot, a developer of mobile rich media and video advertising technology, to expand sales and marketing and continue development of its products.
2 min read · 07 April 2011
MyHealthDIRECT, a web-based system that allows patients to schedule healthcare appointments, has closed its Series B investment round with $4 million. Ann Arbor, Mich.-based Arboretum Ventures and Louisville, Kentucky-based Chrysalis Ventures provided the funding, which will be used to expand sales, client services and technical resources, the company said.
3 min read · 06 April 2011
Online advertising company Marin Software has sealed $16 million in new financing, and added former Shutterfly executive John Kaelle as chief financial officer. Crosslink Capital led the Series E financing, which also included participation from existing investors Benchmark Capital, DAG Ventures, Focus Ventures and Triangle Peak Partners. Eric Chin, a partner at Crosslink Capital, will join the company’s board as a result of the funding.
4 min read · 06 April 2011
Liazon Corporation, a provider of technology to help businesses manage employee benefit programs, has raised $12.6 million from investors including Bain Capital Ventures, Ingleside Investors and Rand Capital. The company will use the new capital to expand it sales and marketing efforts, and for continued development. Formed in 2007, Liazon Corp. is based in New York City and Buffalo, New York.
3 min read · 06 April 2011
