Online website design and hosting service BaseKit has raised $6.5 million in fresh capital. Nauta Capital, Eden Ventures and the National Endowment for Science, Technology and the Arts provided the second round of financing. The money will help BaseKit expand its staff and open offices in San Francisco, Barcelona and Buenos Aires, among other cities. The UK-based company launched about ten months ago.
4 min read · 01 April 2011
Movik Networks, a provider of wireless networking products, has raised $25 million in financing. Oak Investment Partners led the round, with participation from previous investors Highland Capital Partners and Northbridge Venture Partners. Movik’s technology is designed to help wireless operators more efficiently deliver large volumes of data across networks. The Littleton, Mass.-based company closed a $8.5 million round in 2009.
4 min read · 01 April 2011
Chinese e-commerce website 360buy.com has closed on a whopping $1.5 billion in a new funding, Reuters reported. Russian Internet investment group Digital Sky Technologies put in $500 million. Digital Sky has previously invested in Facebook and online coupon website Groupon. 360buy said that Tiger Fund had also invested in the firm. In December, 360buy confirmed that it had secured $500 million in funding from six strategic partners including Wal-Mart Stores Inc., Reuters said. 360buy sells branded electronics goods online, and has plans for an initial public offering in 2013.
3 min read · 01 April 2011
Philadelphia-area firm raises $100M for its debut effort
3 min read · 01 April 2011
Visible Technologies secured $6 million in financing. The Bellevue, Wash.-based provider of social intelligence solutions plans to use the capital to enhance sales and grow its international footprint. Existing investors: Investor Growth Capital (IGC), Centurion Holdings, Ignition Partners, In-Q-Tel and WPP participation in the round. Visible Technologies has secured a total of $45 million to date.
3 min read · 31 March 2011
ividence completed a $4.2 million capital increase. A Plus Finance supplied the funding to the startup company that developed an Email AdNetwork in Europe and the U.S.
3 min read · 31 March 2011
Mumbai-based online gaming company Games2Win has raised $6 million in Series B financing from Clearstone Venture Partners and Silicon Valley Bank. The company closed a $5 million Series A round in 2007 from the same investors.
2 min read · 30 March 2011
LogRhythm has inked $10 million in Series C financing. Adams Street Partners joined existing investors Access Venture Partners, Colorado Fund I, Croghan Investments and Grotech Ventures in the round. The company plans to use the money to for international expansion, to bolster product development and build out its service and support infrastructure.
3 min read · 30 March 2011
Mformation Technologies Inc., a developer of mobile device management technology, has closed on $8 million in venture debt financing from Wellington Financial. Mformation is based in Edison, New Jersey, and is backed by investors including Battery Ventures, Carmel Ventures, North Bridge Venture Partners, Intel Capital and Visa International.
3 min read · 30 March 2011
Menlo Park, Calif.-based Screampoint, which develops web application visualization platforms designed to collect and communicate complex data, has closed on an undisclosed amoutn of Series C financing from Angel Capital Group. The company is also backed by Sequoia Capital. Financial terms of the Series C round were not disclosed.
3 min read · 30 March 2011
