3 min read · 01 March 2011
Online advertising start-up MaxPoint has raised $8 million in new venture funding. Seattle-based Madrona Venture Group led the round, which included participation from existing shareholder Trinity Ventures. Trinity provided the start-ups initial $3 million financing in 2010. Formed in 2007, MaxPoint is based in Cary, NC, and has offices in New York and Austin, Texas.
3 min read · 01 March 2011
Clearwater Analytics, which provides web-based portfolio reporting and analytics tools, has inked an undisclosed minority investment from venture capital firm Summit Partners. Summit Partners’ Greg Goldfarb joins the company’s board as a result. Formed in 2004, Clearwater provides its software as a service to more than 2,500 institutional investors. The company has offices in New York City and Boise, Idaho.
4 min read · 01 March 2011
Achronix Semiconductor Corp., a maker of field-programmable gate arrays, has held a first close of a planned $45 million Series C mezzanine financing round. More that $40 million has been committed, and the company expects to close on an additional $5 million within the next two months. The San Jose, Calif.-based company has raised at least $68.4 million in two previous rounds from investors including Argonaut Private Equity, Battery Ventures, New Science Ventures, Easton Capital Investment Group and Entrepia Ventures.
2 min read · 01 March 2011
Massachusetts-based 1366 Technologies, a developer of photovoltaic solar panel technology, has raised $8.4 million in an extension of its most recent, $20 million round which closed in October 2010. GE and VantagePoint Venture Partners provided the latest round, along with return investors Ventizz Capital, North Bridge Venture Partners, and Hanwha Chemical.
4 min read · 01 March 2011
Boathouse Capital, a Wayne, Penn.-based middle market mezzanine debt and equity investor, has put $9.1 million in two software companies: Tampa, Fla.-based Pilgrim Software Inc., and Charlotte, North Carolina-based AvidXchange. Specific terms of the two deals were not released. Pilgrim Software makes compliance and risk management software. AvidXchange is a provider of accounts payable management software.
3 min read · 01 March 2011
Ignition adds another ex-Microsoft exec to its GP roster; Accel adds CEO-in-residence
3 min read · 01 March 2011
Redwood City, Calif.-based Clickatell has closed on $12 million in Series B financing. Sequoia Capital and DAG Ventures co-led the round, which will help Clickatell expand its automated mobile-messaging services. Clickatell’s messaging services are designed to enable financial transactions over the mobile phone in developing countries. The company said that it is profitable, with more than 13,000 customers.
3 min read · 28 February 2011
DynamicOps, a provider of private cloud automation software, has closed on $11 million in venture funding. Sierra Ventures led the Series B round, which included particpation from Next World Capital and Credit Suisse's Next II venture group. DynamicOps is based in Burlington, Mass.
5 min read · 28 February 2011
Game developer Funium—which is planning to launch its first Facebook game, Family Village—has raised $1.2 million in angel funding. Jim Sorenson’s Family Odyssey and Paul Allen’s FamilyLink provided the funding. Funium’s first game enables players to explore their personal family trees and unite with their real families on Facebook.
3 min read · 28 February 2011
