U.S. and China-based Bonovo Orthopedics has raised $10 million in a Series C financing led by OrbiMed Asia Partners. The round, which includes participation from Beijing-based Legend Capital, brings the company’s total financing to $16.5 million. Bonovo will use the money to expand its sales and continue product development. Formed in 2008, Bonovo manufactures implants and other orthopedic products for the Chinese healthcare market.
3 min read · 27 December 2010
Lookout Mobile Security, a developer of cloud-based smartphone security technology, has raised $19.5 million in new funding. New investor Index Ventures led the round, which included participation from Accel Partners and Khosla Ventures. Index partner Mike Volpi joins the company’s board as a result of the round. San Francisco-based Lookout Mobile says that it has more than 4 million users of its smartphone security products, which are designed to protect against malware and spyware, and provide data backup and recovery.
3 min read · 23 December 2010
Publicly traded data warehousing company Teradata will pay $525 million to buy venture-backed Aprimo, a cloud-based marketing software company. Indianapolis, Indiana-based Aprimo has raised venture financing from firms including Frazier Technology Ventures, Blue Chip Venture Company and Sigma Partners.
4 min read · 22 December 2010
MMC Ventures has invested 1.5 million pounds ($2.3 million) in AlexandAlexa, a UK-based online retailer of upscale children's clothing. MMC Ventures will take a “significant minority stake” in the business, the firm said. AlexandAlexa was formed in 2007, and is based in London. MMC’s Rory Stirling joins the company’s board as a result of the financing.
2 min read · 22 December 2010
DevonWay Inc., a provider of software-as-a-service products for the nuclear power industry, has raised an undisclosed amount of Series C funding. The company has also added Jeffrey Read as chief operating officer. San Francisco-based venture firm Crosslink Capital led the round. DevonWay is based in San Francisco.
3 min read · 22 December 2010
Wireless Seismic, a developer of wireless seismic data acquisition systems, has raised $19.5 million from Chesapeake Energy and Energy Ventures. With the new financing, Wireless Seismic plans to expand its manufacturing operations. Energy Ventures is based in Norway. Oklahoma City-based Chesapeake Energy focuses on investments in natural gas and oil fields onshore in the U.S.
4 min read · 22 December 2010
Elevance Renewable Sciences, which produces specialty chemicals for personal care products and fuel markets, has raised $100 million in new financing. The Series C round was led by Luxembourg-based private equity group Naxos Capital Partners. Total Energy Ventures International, the venture capital arm of French oil & gas company Total, also participated, as did TPG Capital units TPG Biotech and TPG Growth. The new financing will be used for growth, and to open bio-refineries in Asia, North America and South America. Formed in 2007, Elevance is based in Bolingbrook, Illinois.
3 min read · 21 December 2010
Mass Relevance has raised $2 million in a first round from venture capital firms Floodgate and Austin Ventures for its new service, designed to help consumer brands market their products using real-time social content. Floodgate’s Mike Maples will join the company’s board as a result of the funding. Mass Relevance is based in Austin, Texas.
5 min read · 21 December 2010
Sports media company Bleacher Report has raised $10.5 million in a Series C round led by Crosslink Capital. Formed in 2008, Bleacher Report is an online publisher of original sports editorial content. Bleacher Report previously raised about $7.3 million in funding. It is also backed by Hillsven Capital. Crosslink Capital is based in San Francisco and has more than $1.5 billion under management. Partner Eric Chin will join the company’s board as a result of the financing.
3 min read · 21 December 2010
South San Francisco, Calif.-based LS9 has raised $30 million in a round of financing led by Blackrock. Existing shareholders Flagship Ventures, Khosla Ventures, Lightspeed Venture Partners and CTTV Investments (the venture capital arm of Chevron Technology Ventures) also participated. The new financing will be used to help LS9 ready its products for commercialization. LS9’s technology is designed to convert plant-based materials into fuel and chemical products. The company was formed in 2005.
3 min read · 21 December 2010
