Online retailer Indochino has raised $4 million in Series A financing. Madrona Venture Group led the round, which included participation from earlier investor Burda Digital Ventures. With the new money, Indochino plans to expand its technology and product development, as well as bolster its executive team. Vancouver-based Indochino is an online retailer and brand of custom menswear.
3 min read · 29 March 2011
Adap.tv, which makes a platform for buying and selling video advertising, has added $20 million in fresh capital. Bessemer Venture Partners led the round. Gemini Israel Funds, Redpoint Ventures and Spark Capital also participated in the round. The round will help Adap.tv expand its technology and development efforts, the firm said in a statement. Adap.tv has raised at least $23 million in earlier funding rounds.
3 min read · 29 March 2011
Tintri Inc., a developer of storage systems for virtual machines, has released its first product and disclosed $17 million in funding from venture firms NEA and Lightspeed Venture Partners. The funding came across two rounds, Series A and B, the company said in a statement. Tintri is based in Mountain View, Calif. The company’s VMstore product is designed to allow enterprises to virtualize different kinds of mission-critical applications such as Oracle Financials and Microsoft Exchange.
5 min read · 29 March 2011
Apperian Inc. has closed on $9.5 million in venture capital. North Bridge Venture Partners, Bessemer Venture Partners, Kleiner Perkins Caufield & Byers’ iFund, CommonAngels and LaunchCapital all contributed to the round. CommonAngels and LaunchCapital previously invested in the company’s seed round. Apperian develops technology that allows businesses to create, deploy, and manage applications for Apple iOS-powered devices. The company is also developing products aimed at the Android platform.
4 min read · 29 March 2011
MobiCart has raised $500,000 in seed funding from the Finance for Business North East Angel Fund. The company, which develops e-commerce technology for the mobile marketplace, launched an iPhone platform last year and plans to launch technology for the Android and iPad in the coming weeks.
3 min read · 29 March 2011
Limos.com, an online destination for limousine service, has raised $10 million in new financing from venture capital investor Austin Ventures. The company also recently released its corporate travel service, Limos.com for Business. Austin Ventures Partners Mike Dodd and John Thornton will join the Limos.com board. The new round of financing comes after an original funding of $5 million from Canal Partners.
4 min read · 29 March 2011
Prolexic Technologies, which develops technology to stop distributed denial-of-service attacks in the cloud, has raised $13.9 million in new financing. Kennet Partners led the round. Kennet’s Javier Rojas and Gustavo Alberelli will join the company’s board. Prolexic was formed in 2003 and is based in Hollywood, Fla.
2 min read · 28 March 2011
Aerohive Networks, a developer of controller-less Wi-Fi and cloud-enabled networking technology, has closed on $25 million in Series D financing. New Enterprise Associates led the round, which included follow-on from Aerohive’s previous investors Kleiner Perkins Caufield & Byers, Lightspeed Venture Partners, and Northern Light Venture Capital. The money will help the company expand its sales and marketing and fund potential acquisitions. Aerohive is based in Sunnyvale, Calif.
4 min read · 28 March 2011
Ingenious Med Inc. has raised $3.25 million from Nashville-based investor Council Ventures. Council Ventures joins existing shareholder Atlanta-based Buckhead Investment Partners. The money will help fuel Ingenious Med's continued growth, as well as to recapitalize existing shareholders, the company said in a statement. Ingenious Med is provider of performance management and charge capture software.
3 min read · 28 March 2011
Fabless semiconductor maker Tabula Inc. has raised $108 million in new financing. Crosslink Capital and DAG Ventures led the Series D round, which included investment from existing shareholders Balderton Capital, Benchmark Capital, Greylock Partners, Integral Capital, and NEA. The money will help Tabula bolster production of its 3PLD ABAX product family, expand customer and partner support infrastructures. Tabula is based in Santa Clara, Calif.
4 min read · 28 March 2011
