Ciqual, an Edinburgh, Scotland, based provider of mobile broadband customer service products, has raised an undisclosed amount of venture financing. Investors include Palo Alto, Calif.-based Tomorrow Ventures, Indian telecom company One97 Communications Limited, and Scottish investors Par Equity and the Scottish Investment Bank. The latest round will be used for sales, marketing and distribution.
3 min read · 08 February 2011
UK-based Altacor, an ophthalmic specialty pharmaceutical company, has closed a 1.9 million pounds ($3 million) second tranche of a total 3.4 million pound ($5.48 million) financing round. NVM Private Equity led the tranche, which included participation from Enterprise Ventures and Beringea. The first tranche closed in the autumn 2010 and was led by Esperante. The Aspire Fund and other unnamed investors also participated.
3 min read · 08 February 2011
New York-based Plastyc, which provides an online and mobile money management platform, has raised $2 million from Core Innovation Capital, the investment partner of the Center for Financial Services Innovation. The company will use the financing to expand its technology to include financial services for the under-banked. The company will also white-label its technology to banks looking to provide more services to customers who can’t afford traditional checking accounts.
3 min read · 08 February 2011
Storage provider NexGen Storage has raised an undisclosed amount of financing from Grotech Ventures and Access Venture Partners. Grotech led the Series A round, which will help the company expand its team and bolster development. Louisville, Colo.-based NexGen develops storage area network solutions for virtual server environments.
3 min read · 07 February 2011
Boca Raton, Fla.-based LOC-AID has raised $13 million in Series C financing. H.I.G. Ventures led the round, which included participation from Intersouth Partners, and the Florida Growth Fund, which is managed by Hamilton Lane. The new money will help LOC-AID expand its technology, which includes location-based services for fraud prevention, proximity marketing, asset management and check-in services.
6 min read · 07 February 2011
Mountain View, Calif.-based data storage company Violin Memory has raised $35 million in Series B financing. Toshiba America Electronic Components Inc., a subsidiary of Toshiba Corporation, contributed to the round, along with Juniper Networks and other undisclosed investors.
2 min read · 07 February 2011
VisionCare Ophthalmic Technologies Inc. recently closed on $13.4 million in Series E financing and added venture capitalist Elka Nir to its board. Nir heads life science investments for Tel Aviv-based Giza Venture Capital. Saratoga, Calif.-based VisionCare develops devices designed to improve vision for individuals with untreatable retinal disorders.
3 min read · 07 February 2011
Genetic analysis company IntegenX has raised $15.6 million in venture capital, and acquired biotech company GenVault Corp. Life science investor Domain Associates led the round, which included participation from previous investors In-Q-Tel and RONAholdings LLC. GenVault’s existing investors QuestMark Partners, Cross Creek Partners, and Greenspring Associates now join the syndicate backing IntegenX. Pleasanton, Calif.-based IntegenX designs, manufactures and markets automated DNA and RNA based sample preparation.
3 min read · 04 February 2011
Boulder Wind Power has raised $8 million in a Series A financing round led by Menlo Park, Calif.-based New Enterprise Associates. Individual investor James Maguire Jr. also participated in the round. The money will be used for development, testing and commercialization of the company’s wind turbine technology.
2 min read · 04 February 2011
London-based Cellnovo, which develops a mobile diabetes management system, has raised £30 million ($48.4 million) in a Series B financing round led by Paris-based Edmond de Rothschild Investment Partners. Forbion Capital Partners, Auriga Partners, NBGI Ventures and Credit Agricole Private Equity also participated, as did Series A investors Advent Venture Partners, HealthCare Ventures and NESTA.
6 min read · 04 February 2011
