Clovr has inked $8.3 million in new financing led by Bain Capital. Existing shareholders Kepha Ventures and Common Angels also participated in the round, as did angel investor Mark Wright. The Waltham, Mass.-based start-up provides online advertising in the form of credit card-linked offers.
4 min read · 10 March 2011
Nimbus Discovery, a biopharma company using computational technology to discover medicines for difficult-to-drug diseases, has added investments from Bill Gates and from Richard Friesner, the co-founder of chemical simulation software company Schrödinger. Details of the extended seed round were not released. Atlas Venture, Nimbus’ founding investor, also participated. The funds will be used to advance Nimbus’ lead programs in diffuse large B-cell lymphoma, an aggressive blood cancer, inflammatory disorders, and metabolic disease, the company said in a release.
4 min read · 10 March 2011
Group Commerce Inc., a group-buying and social commerce platform, has raised $8 million from investors including Spark Capital, Carmel Ventures, Lerer Media Ventures, and individual investor Bob Pittman. The company, which was formed by former Google and DoubleClick executives David Rosenblatt, Jonty Kelt, and Andrew Glenn, has named DailyCandy, the New York Times and Thrillist among its customers.
4 min read · 10 March 2011
San Francisco-based MindSnacks, a developer of educational games for mobile devices, has raised $1.2 million in a round led by Felicis Ventures. 500 Startups and angel investor Mitch Kapor also participated in the round, which will be used to hire engineers and game designers to expand its current platform.
3 min read · 10 March 2011
Rovio, the Finnish developer of the ‘Angry Birds’ smart phone game, has raised $42 million from Accel Partners, Skyp co-founder Niklas Zennstroem’ fund Atomico Ventures, and angel investor Felicis Ventures, Reuters reported. Accel Partners led the round, which is designed to help Rovio expand across markets including mobile, social media and other platforms, and via merchandising and media production and partnerships, Reuters wrote.
2 min read · 10 March 2011
Chicago-based GrubHub, which allows consumers to order delivery food and take-out over the Internet, has closed on $20 million in Series D financing. DAG Ventures led the round, which participation from Benchmark Capital. The infusion comes just four months after GrubHub closed on $11 million. The company said that its latest round will help it expand development, acquisition and its mobile technology. GrubHub has raised a total of $34 million, according to a written statement.
5 min read · 10 March 2011
DailyBooth Inc., whose mobile platform allows users to communicate via photos and status updates, raised $6 million in Series A financing. Ignition Partners led the round, which included participation from Sequoia Capital and a group of undisclosed angel investors. The money will be used to fund the ongoing development of the DailyBooth platform and mobile applications.
3 min read · 09 March 2011
Avangate, a provider of electronic software distribution and partner management technology, has inked 4 million euro ($5.56 million) in financing commitments from 3TS Capital Partners, a firm focused on Central and Eastern European investments. The financing will be distributed over the next six months. The financing comes from the firm’s 3TS Cisco Growth Fund, which counts Cisco among its limited partners. Avangate is based in the Netherlands.
3 min read · 09 March 2011
Kite Pharma, Inc., a biopharmaceutical company developing active immunotherapies for cancer, has raised $15 million in a first round of financing. TPG Capital was among the company’s investors. As a result of the round, David Bonderman, a founding partner of TPG Capital, joined the company’s board. Riverbank Capital Securities Inc. acted as placement agent.
2 min read · 09 March 2011
Seattle-based Tier 3, which provides an enterprise platform-as-a-service, has closed on $8.5 million in Series A funding. Ignition Capital and Madrona Venture Group provided the round, which will be used to expand the company’s technology. Ignition’s John Connors and Madrona’s Matt McIlwain will join the company’s board.
3 min read · 09 March 2011
