Sofie Biosciences has raised $2 million for the development of its PET imaging technology. Cycad Group was the only named investor in the financing round, which Sofie said included institutional and corporate financing. Sofie is based in Culver City, Calif. Cycad Group is based in Carpinteria, Calif.
2 min read · 10 December 2010
Recycling company Niutech Energy has raised $1.7 million from existing shareholder Origo Partners. Beijing-based Origo now holds a 15.4% stake in the company. In conjunction with the financing, Niutech announced that it had established a joint-venture with Chinese group Zhejiang Youbang Energy Development. The two groups will launch a plastic-to-fuel recycling operation in Zhejiang province.
3 min read · 09 December 2010
Los Angeles-based Factual has raised $25 million for its collaborative data platform and web service. Andreessen Horowitz and Index Ventures co-led the round, which included participation from former Hollywood agent Michael Ovitz, and from SV Angel, a group formed by individual investor Ron Conway. Andreessen Horowitz co-founder Ben Horowitz and Index Ventures’ Danny Rimer join Factual’s board as a result of the round. Factual’s platform is designed to allow developers and publishers to create applications by accessing data through various APIs. Factual secured $2 million in angel funding earlier this year.
3 min read · 09 December 2010
Boston-based Tripleseat Software, which develops event management and lead generation software for restaurants and hotels, has raised $500,000 from Omaha, Neb.-based Dundee Venture Capital. Tripleseat’s software-as-a-service application is designed to help venue owners and event planners streamline the booking and planning process.
2 min read · 09 December 2010
Crowdsourcing start-up Waze, which provides a real-time GPS and traffic service, has raised $25 million in venture funding. Blue Run Ventures, Magma and Vertex led the round, which included participation from strategic investor Qualcomm Ventures. With the new financing, Waze, which is based in Silicon Valley and Tel Aviv, Israel, plans to expand its staff, development, and move into a new office space.
2 min read · 09 December 2010
Boulder, Colo.-based Giveo has raised $1.5 million for its cause-marketing software. Westminster, Colo.-based Access Venture Partners led the Series A round, with participation from Vienna, Va.-based Grotech Partners, Houston-based Sentinel Trust and unnamed private investors. Giveo’s marketing software is designed to help organizations promote various causes and campaigns, and also measure their effectiveness.
3 min read · 08 December 2010
Seattle-based DocuSign has raised $27 million in Series C financing. The round was led by Scale Venture Partners, and include participation from existing shareholders Sigma Partners, Ignition Partners, Frazier Technology Ventures and Salesforce.com. DocuSign provides electronic signature technology for individuals and businesses. The company will use the latest round for growth and to launch new cloud-based technology and services in 2011.
4 min read · 08 December 2010
Austin, Texas-based spine diagnostics company Ortho Kinematics has raised $2 million for continued development of its spine motion analysis technology. TEXO Ventures led the round, which also included participation by original investors PTV Sciences and Gatebridge Investments.
2 min read · 08 December 2010
New Jersey-based medical device company TYRX has raised $20 million in a round led by new investor HLM Venture Partners. The company’s previous investors Clarus Ventures and North Carolina-based Pappas Ventures also contributed to the round. The financing also included $4 million in debt financing from Comerica Bank. HLM Venture Partners’ Edward Cahill joins the TYRX board as a result of the financing. Clarus Ventures has offices in Cambridge, Mass., and in San Francisco. HLM Venture Partners is based in Boston and San Francisco.
4 min read · 08 December 2010
Scivantage, a developer of Web-based front and middle-office technology for the financial services industry, has raised $22 million from Brown Brothers Harriman Capital Partners. The company also sealed $6 million in debt financing from The Provident Bank. The money will be used for growth, and to provide liquidity to some of the company's early-stage investors. As a result of the financing, BBH Capital Partners’ Jeffrey Meskin and Charles Shufeldt have joined the Scivantage board. Scivantage is based in Jersey City, N.J.
3 min read · 08 December 2010
