Kony Solutions, a developer of products to help corporations design, deploy and manage mobile offerings, has raised $19.1 million in Series A financing from New York-based Insight Venture Partners. The firm has contributed an initial tranche of $13.4 million, which Kony will use to continue research and development and to expand sales and marketing.
3 min read · 28 January 2011
PhysioSonics, which develops noninvasive neurological monitors, has raised an undisclosed amount in Series B financing. Kirby Cramer, former Chairman of SonoSite, co-led the round with an undisclosed strategic investor. In conjunction with the financing, PhysioSonics named Cramer chairman of its board.
2 min read · 28 January 2011
Social e-commerce marketplace Storenvy has raised $1.5 million in a round led by Spark Capital and First Round Capital. Also participating were Kleiner Perkins Caufield & Byers; Charles River Ventures; and angel investors including TechStars founder David Cohen, Tumblr president John Maloney and Performable chief executive David Cancel. Based in San Francisco, Storenvy is developing a online social marketplace for shoppers to find and purchase goods from independent brands. With the new funding, the company plans to expand its staff.
4 min read · 28 January 2011
4 min read · 27 January 2011
LiquidPiston, a startup developing a compact internal combustion engine, has added $5 million in a Series B financing round. Northwater Capital and Pittsburgh-based Adams Capital Management provided the financing, along with unnamed angel investors. LiquidPiston is based in Hartford, Conn. Northwater has offices in Toronto, New York and Chicago.
2 min read · 27 January 2011
Microvisk Technologies, which develops a hand-held system to monitor blood clotting in patients using the drug Warfarin, has raised 6 million pounds ($9.5 million) in a third round of financing. The round included participation from Porton Capital, Oxford Technology Management, Boston-based New Hill, Midven, the Rainbow Seed Fund and Finance Wales. UK-based Microvisk is a spin-out of Science and Technology Facilities Council.
4 min read · 27 January 2011
OrthoSensor, a developer of orthopedic implants and sensor-assisted surgery technology, has raised $21 million in Series B financing. Ziegler Meditech Equity Partners led the round, along with an unnamed strategic investor, the company said. The new financing will help the company continue development and commercialization of its orthopedic devices.
3 min read · 27 January 2011
Online sports automation startup Korrio has raised $3.3 million in a first round of funding from venture firm Ignition Partners and undisclosed private investors. The money will be used to help the company expand its Playflow sports management platform for youth sports. The company’s technology is designed to help coaches automate team operations across mobile, online and social networking formats. The company is based in Seattle.
3 min read · 27 January 2011
General Electric Co., ConocoPhillips and power group NRG Energy Inc. are teaming up to invest in early-stage technology companies, Reuters reported, citing a story in the Wall Street Journal. The joint-venture, Energy Technology Ventures, will invest roughly $300 million over the next four years, the report said.
1 min read · 27 January 2011
Mumbai-based Snapdeal.com, a website that offers daily one-time coupons on certain products and services, has raised $12 million in venture funding. Nexus Venture Partners led the round. Nexus Venture Partners has offices in India and Silicon Valley, and has $320 million under management.
2 min read · 27 January 2011
