Web-based advertising platform Flite has raised $12 million in Series C financing. General Catalyst Partners led the round, which included participation from existing investors Sequoia Capital, Hummer Winblad and NCD Investors. The company – which was previously known as Widgetbox – will use the money for continued development of its cloud-based advertising platform.
3 min read · 09 March 2011
Swiss medical device start-up NovaShunt AG has raised roughly $25 million in Series B financing. BioMedInvest AG, Entrepreneurs Fund and Capricorn Health-tech Fund co-led the round, which included participation from existing shareholders NeoMed and VI Partners. NovaShunt is developing an implantable pump system that continually removes excess abdominal fluid in patients suffering from liver cirrhosis, certain cancers and congestive heart failure.
4 min read · 09 March 2011
Mountain View, Calif.-based advertising start-up Vurve has closed on $4.5 million in Series A financing. Spark Capital led the round, which included participation from Dave McClure and True Ventures. The company’s technology is designed to help small businesses manage online advertising across search, display, social media and shopping engines.
3 min read · 08 March 2011
Chinese real estate marketplace Anjuke has raised $50 million in a new financing round led by Chinese Internet search company Baidu Inc. Anjuke was founded in Shanghai in 2007, and is also backed by Matrix Partners China. Anjuke will use the money to expand geographically and for continued research and development. China Renaissance acted as financial advisor to Anjuke.
3 min read · 08 March 2011
SpareFoot.com, an online marketplace for consumers looking for self-storage, has inked $1.5 million in Series B financing. Austin, Texas-based Silverton Partners and Silicon Valley firm FLOODGATE co-led the round with participation from Capital Factory. SpareFoot.com, which was formed in 2008, will use the money to expand its product offerings, the company said. The new round brings its total raised to $3.5 million.
2 min read · 08 March 2011
Santa Clara, Calif.-based Samplify Systems Inc., a maker of semiconductors and sub-systems for medical, industrial, wireless and scientific markets, has closed on $11.2 million. The Series B round will help the company expand. Publicly traded Integrated Device Technology participated in the round, as did Charles River Ventures, Formative Ventures and publicly traded Schlumberger.
3 min read · 08 March 2011
Venture capital investor Pontifax has put $1 million into Stimatix GI, a medical device company focused on continence solutions. Stimatix was formed in 2009, and operates as part of the Misgav Venture Accelerator. Pontifax specializes in pharmaceutical and medical equipment investments.
2 min read · 07 March 2011
ZoomSafer, a provider of risk management software to prevent employee use of mobile phones while driving, raised $1.1 million from White Birch Capital and SugarOak Holdings. The Reston, Vir.-based company will use the money to expanded marketing and development its software products.
2 min read · 07 March 2011
Aerie Pharmaceuticals Inc., a biotechnology company focused on medical innovations in ophthalmology, has closed $30 million in Series B financing. Clarus Ventures and Sofinnova Ventures co-led the round, with participation from Osage University Partners and existing investors Alta Partners and TPG Biotech. Aerie Pharmaceuticals has offices in Research Triangle Park, N.C. and in Bridgewater, N.J.
4 min read · 07 March 2011
Mobile start-up Opinionaided has raised $1 million in seed financing from venture firms General Catalyst, SoftBank Capital and Draper Fisher Jurvetson. The company will use the round to expand its mobile question-and-answer community, and expand its technology to mobile platforms other than Apple’s iOS platform. The company has raised a total of $1.2 million from investors including DeamIt Ventures’ Mark Wachen, Jonah Goodhart of Point Ventures Group and other angel investors.
3 min read · 04 March 2011
