London-based HouseTrip has raised $2.7 million in a Series A funding round from Index Ventures. The new funds will help HouseTrip expand its business, which is designed to help vacationers book apartments for short-term stays.
4 min read · 05 April 2011
Oktogo.ru, an online hotel booking service for Russians traveling abroad, has raised $5 million from investors including Mangrove Capital Partners, ABRT and French fund Ventech VC. Oktogo.ru was formed last year by Marina Kolesnik, a founding member of Mail.ru. The site provides various services for travelers, including offline payment methods and visa support services.
3 min read · 05 April 2011
New Enterprise Associates Inc. hired Greg Papadopoulos, Ph.D. as a venture partner. He will work closely with seed and early-stage companies in NEA's portfolio to help guide fundamental technology development and define go-to-market strategy. Papadopoulos began working with NEA as entrepreneur in residence in 2010.
3 min read · 04 April 2011
Tobira Therapeutics Inc. hired Andrew Hindman as president and chief executive officer. Hindman was Nodality Inc.’s senior vice president of corporate development.Tobira is a N.J.-based biopharmaceutical company that is focused on developing therapies for HIV infection. It is backed by Domain Associates, Frazier Healthcare Ventures, Montreux Equity Partners and Canaan Partners.
3 min read · 04 April 2011
Ropes & Gray hired Will Rosen to strengthen the firm’s London practice. Rosen previously worked for DLA Piper in London. He was a partner in DLA’s corporate group and head of private equity, EMEA. Rosen is expected to join the practice in mid-2011. In addition, Ropes & Gray’s private equity partner Bill Mone will transfer to London from its Boston office in August.
4 min read · 04 April 2011
Mpire, a developer of verification and optimization technology, has raised $3 million in new capital, and changed its name to AdXpose. Existing shareholder Draper Fisher Jurvetson led the round. In addition to the funding, the company said it has named current president Kirby Winfield to the post of chief executive. AdXpose has offices in Seattle and New York, and is backed by Draper Fischer Jurvetson and Ignition Partners.
3 min read · 04 April 2011
2 min read · 01 April 2011
Waltham, Mass.-based Forerun Inc., a developer of electronic charting technology for physicians, has raised $2 million in Series C financing. Massachusetts Technology Development Corp. led the round. Other investors’ names were not released. Forerun will use the new capital to bolster its technology development and to fund the commercial deployment of its FlexChart product.
3 min read · 01 April 2011
GameSalad Inc. has raised $6.1 million in a second round of funding led by Steamboat Ventures. Greycroft Partners, DFJ Mercury, DFJ Frontier and ff Asset Management also participated in the financing round. The new money will help GameSalad expand its game creation technology and expand the company’s efforts in web and mobile gaming. Beau Laskey, managing director at Steamboat Ventures, will join GameSalad's board as a result of the financing. Dana Settle, partner at Greycroft Partners, joins as a board observer.
5 min read · 01 April 2011
Voice-based social communications service Bubble Motion has raised $10 million in growth capital. SingTel Innov8, the SingTel Group’s corporate venture capital fund, led the round, which includes participation from Singapore’s Infocomm Investments, Sequoia Capital, Palomar Ventures and NGC. The company will use the capital to expand service into new countries, as well as expand its voice-based mobile social networking platform, which is used by mobile operators across Asia. The Singapore-based company closed a $6 million round of funding in mid-2009.
4 min read · 01 April 2011
