ProspX, the developer of an on-demand search and sales collaboration platform for insurance companies, has raised $8 million in new funding. The Series B round was led by Adams Capital Management with participation from other investors such as HPI Real Estate Services and Investments, the firm said. ProspX has now raised a total of $14.5 Million.
3 min read · 28 February 2011
Daily coupon website Groupon is going live in China on Monday with GaoPeng.com, Reuters said. The new site, funded by Groupon, the Tencent Collaboration Fund and Yunfeng Capital, will begin registering users immediately and begin offering daily deals in March. Formed two years ago, Groupon is backed by a slew of venture investors including Andreessen Horowitz, Battery Ventures, Greylock Partners, Kleiner Perkins Caufield & Byers and Technology Crossover Ventures.
2 min read · 28 February 2011
Publicly traded Citrix Systems has made its first investment through the newly launched Citrix Startup Accelerator fund, betting on Novato, Calif.-based Primadesk. The startup helps users search, manage and backup their personal cloud data across multiple devises. The Citrix Startup Accelerator is designed to provide seed funding, mentoring and office space.
3 min read · 28 February 2011
Biotech startup Arsanis has closed on $10 million in Series A financing from OrbiMed Advisors, Polaris Venture Partners and SV Life Sciences. The three firms contributed equally in the round, Arsanis said in a release. The money will help Arsanis to continue development of treatments in the anti-microbial infectious disease area.
4 min read · 28 February 2011
2 min read · 25 February 2011
Mobile gaming start-up TinyCo.com has raised $18 million in a Series A financing round led by Andreessen Horowitz. Individual angel investors including Ron Conway and Keith Rabois also participated in the round, which is aimed at helping the company expand its team and portfolio of games. TinyCo.com is based in San Francisco.
2 min read · 25 February 2011
Pittsburgh-based software company SnapRetail has raised $6 million in Series A financing. Adams Capital Management led the round with $2.25 million. The money will help SnapRetail continue development and launch its software products, designed to help gift and home decor retailers drive traffic to their stores and websites.
3 min read · 25 February 2011
HTG Inc., a developer of molecular technology, has closed the first tranche of a $15.7 million Series D round led by new investor Novo A/S. Fletcher Spaght Ventures also joined the round with existing shareholders Merck Capital Ventures, Solstice Capital and Valley Ventures. The money will help HTG market its multi-plex gene expression testing platform, the company said. HTG is based in Tucson, Arizona.
3 min read · 24 February 2011
Pharmaron Holding Limited has closed a $40 million Series C round. Existing investors DCM and Legend Capital joined new investor GL Capital Group in the round, which will be used to expand the company’s drug discovery services, toxicology capabilities and chemical synthesis services. Pharmaron was formed in 2003, and provides research and development services to the biotech and pharmaceutical industries.
3 min read · 24 February 2011
Media Chaperone, the developer of a Facebook app to help parents manage their kids’ internet gaming use, has raised $1 million in venture funding. Leo Capital Holdings led the round, which will be used for development of new services and features. Chicago-based angel investor network Hyde Park Angels also contributed. Leo Capital Holdings is an Illinois-based investor.
4 min read · 24 February 2011
