Chinese cleantech company THT Heat Transfer Technology has raised $14.3 million in financing, in a deal that gave the company a pre-money valuation of $51.2 million. Infinity Group led the round with $9 million. MC Capital and other investors also contributed. THT is based in in Siping City, Jilin Province, China. The company designs and manufactures heat exchangers, which are used to improve energy efficiency. With the latest financing, THT will invest in a new air-cooled heat exchanger factory, and in new pressing machines for nuclear power plant products.
6 min read · 08 December 2010
Enterprise storage start-up Nimble Storage has raised $16 million in Series C funding from existing shareholders Accel Partners, Lightspeed Venture Partners and Sequoia Capital. The financing will help San Jose, Calif.-based Nimble Storage expand sales and marketing of its converged storage and backup technology.
3 min read · 08 December 2010
Medical device company Estech has raised $8.5 million from investors including Saints Capital Everest, Telegraph Hill Partners, NBGI Ventures and Tullis Health Investors. The company, which has raised a total of $28 million over the past two years, will use the latest round for development of its cardiac ablation surgical platform. Estech is based in San Ramon, Calif.
3 min read · 07 December 2010
Cloud computing start-up Panzura has added $12 million in venture capital with a Series B round led by Menlo Park, Calif.-based Khosla Ventures. Series A investors Matrix Partners and CTTV Investments, the venture capital arm of Chevron Technology Ventures, also participated in the latest round. San Jose, Calif.-based Panzura develops converged cloud storage and application optimization products, and will use the funding to continue development as well as bolster sales and marketing.
4 min read · 07 December 2010
Philadelphia-based Monetate, which provides testing, targeting, and personalization for websites, has raised $5.1 million from investors including First Round Capital and Floodgate Fund. Formed in 2008, Monetate’s customers include QVC, Urban Outfitters and The Sports Authority. The company will use the new financing to expand its sales and tech support efforts.
4 min read · 06 December 2010
FleetMatics, which develops GPS tracking applications for commercial fleets, has raised $68 million in growth equity financing. Institutional Venture Partners contributed to the round, investing alongside the company’s majority owner Investcorp Technology Partners. New World Ventures also participated as a new investor. As a result of the financing, Institutional Venture Partners’ Sandy Miller joins the FleetMatics board. The new financing will help FleetMatics expand its technology and software-as-a-service products. FleetMatics has operations in the UK and Ireland, and U.S. offices in cities including Atlanta, Boston and Chicago.
4 min read · 06 December 2010
Providence, R.I.-based start-up DiJiPop has raised $1 million for its on-demand shopper marketing platform. The investment round was led by angel investor Bill Cesare, who led DiJiPOP's initial $1 million investment round in late 2009. Angel Street Capital and undisclosed individual investors also contributed to the round.
2 min read · 06 December 2010
Madison, Wis.-based Shoutlet has raised $6 million in Series B financing for its social media platform. Madison-based American Family Insurance led the round, with participation from existing shareholders Origin Ventures and Leo Capital Holdings. Shoutlet's enterprise-focused social media platform incorporates Facebook and Twitter management, Social CRM and widget building. The company’s customers include Perry Ellis and True Religion Jeans.
3 min read · 06 December 2010
Cleveland-based OnShift, a developer of staff scheduling and shift management software for healthcare providers, has raised $2.3 million in a round led by Pittsburgh-based Draper Triangle Ventures. Existing shareholders Early Stage Partners, JumpStart Inc., North Coast Angel Fund and Glengary also participated in the round. OnShift will use the financing to expand its sales and marketing.
3 min read · 06 December 2010
4 min read · 06 December 2010
