Truveris, a developer of an automated pharmacy benefits review service, has raised $3.8 million in a first round of financing. GSA Venture Partners led the round, which included investments from New Atlantic Ventures and First Round Capital. The New York-based company will use the funds to expand development and field operations.
4 min read · 01 February 2011
Bridgewater, New Jersey-based Nistica, which supplies agile optical networking modules, has raised $8.5 million in Series D financing, including equity and debt. Battelle Ventures and Technology Venture Partners co-led the $5.5M equity round, which included participation from Novitas Capital, Fujikura Limited, NTT Electronics Corp., MMV Investment Partners and individual investors. MMV Financial provided $3M of debt financing.
2 min read · 01 February 2011
RentJuice, an online platform that connects renters, brokers and property managers, has closed a $6.2 million venture round. Highland Capital Partners led the round, which included participation from individual investor Tim Draper, who led the company’s seed financing. RentJuice is based in San Francisco.
2 min read · 01 February 2011
Online movie service Film Fresh Inc. has raised $2 million from unnamed investors. The Los Angeles-based company was formed in 2005. The company sells Hollywood films and independent movies in sale and rental formats.
1 min read · 01 February 2011
Aria Systems, a provider of cloud-based billing and subscription management technology, has raised $20 million in Series C financing. Menlo Park, Calif.-based InterWest Partners led the financing with participation from existing shareholders Hummer-Winblad and Venrock. An unnamed strategic investor also contributed. San Mateo, Calif.-based Aria Systems has raised a total of $34 million across three rounds. Bruce Cleveland, general partner at InterWest Partners, joined the company’s board as a result of the funding.
3 min read · 01 February 2011
Mobile data intelligence company Neuralitic Systems has raised $8 million in Series B financing. New investor Export Development Canada led the round, which included participation from existing investors BlackBerry Partners Fund, BDC Venture Capital, Vertex Venture Capital and GO Capital LP. The money will help Neuralitic Systems expand its operations and development. The company, based in Montreal, has raised a total of $20 million to date.
4 min read · 31 January 2011
ReachForce, which specializes in providing information about business professionals, has raised $4.6 million in growth financing. MK Capital led the round, which included participation from current shareholder GSA Venture Partners. As a result, MK Capital's Mark Koulogeorge will join the company's board.
4 min read · 31 January 2011
Austin-based LibreDigital has added $4 million in financing to help it expand its technology and partnerships. The company currently aggregates digital reading material for Apple iBookstore. It also provides magazine and newspaper content for digital e-readers including the NOOKcolor. No terms of the financing were released. LibreDigital has previously raised at least $27 million from investors including Adams Capital Management , Triangle Peak Partners, HarperCollins Publishers, The New York Times Co. and Noro-Moseley Partners.
3 min read · 31 January 2011
Intel Capital will put $200 million in new capital toward American technology startups as part of President Obama’s “Startup America” campaign. The firm, which is the investing arm of Intel Corp., has also joined the campaign's board of advisors. In addition, IBM said it would invest $150 million over the next year in as part of "Startup America." The public/private partnership is designed to help increase the success of American entrepreneurs by bringing together foundations, corporations and a range of federal agencies.
3 min read · 31 January 2011
Plum District, a daily coupon and discount site focused on moms and families, has raised $8.5 million in Series A financing. Kleiner Perkins Caufield & Byers led the round, which included investments from General Catalyst Partners. Kleiner Perkins Partner Aileen Lee will join the board as a result of the financing. Plum District is currently operating in a handful of US markets, including the San Francisco Bay Area, San Diego, Orange County, Los Angeles, Chicago, New York and Washington D.C.
2 min read · 28 January 2011
