PacketMotion has added $2.7 million in Series C financing, bringing its total raised in the round to $8.4 million. Reservoir Venture Partners led the round, with contributions from Athenian Venture Partners, Intel Capital, Mohr Davidow Ventures and Onset Ventures. Sunnyvale, Calif.-based PacketMotion will use the money to expand sales and marketing for its security platform, which helps companies meet compliance and audit requirements and mitigate network security threats.
3 min read · 03 December 2010
10gen, a start-up developing open-source software for the database MongoDB, has raised $6.5 million in a round led by Silicon Valley firm Sequoia Capital. Existing shareholders Flybridge Capital Partners and Union Square Ventures added to the round. 10gen has offices in Redwood Shores, Calif., and New York.
3 min read · 03 December 2010
Video conferencing start-up Mingleverse has inked $1.4 million in seed financing from Yaletown Venture Partners, undisclosed angel investors and its co-founder and CEO Ron Stevens. Mingleverse’s online video conferencing platform creates a virtual environment – similar to Second Life – where users can create avatars and interact with up to 50 other users at one time. Yaletown Venture Partners is based in Vancouver.
4 min read · 03 December 2010
4 min read · 03 December 2010
Calgary-based cleantech company Greengate Power has raised $5.8 million of a planned $10.8 million financing round. Jacob Securities led the round, which included participation from venture firm NGEN Partners, SAM Private Equity and TD Securities. The financing will help Greengate continue development of its wind energy technology.
5 min read · 02 December 2010
PhaseBio Pharmaceuticals has closed a $25 million Series B round after adding $15 million in venture capital and nearly $500,000 in grants. The company, based in Malvern, Penn., is developing drugs to treat diabetes, metabolic disease and cardiovascular disease. Investors include Astellas Venture Management, Johnson & Johnson Development Corporation, Hatteras Venture Partners and Fletcher Spaght Ventures.
2 min read · 02 December 2010
Online investing service Betterment.com has raised $3 million in a Series A financing round led by Bessemer Venture Partners. Anthemis Group, as well as several individual investors, also participated in the financing. The New York-based start-up, which launched in May, will use the financing to expand its staff and develop new products.
4 min read · 02 December 2010
Boulder,Colo.-based start-up Standing Cloud has raised $3 million in a second financing round. Avalon Ventures led the Series B round, which included participation from Foundry Group, the Boulder-based venture fund that led the company’s initial $2 million financing. Standing Cloud is developing an application network, along the same lines as Apple’s “app store” model, to provide users with applications, plug-ins and cloud infrastructure providers. Avalon has offices in San Diego and Boston.
2 min read · 02 December 2010
Envista Corp. has raised $4.1 million from a group of seven investors including Hanover, N.H.-based Borealis Ventures; Boston-based Egan Managed Capital; and Providence, R.I.-based Point Judith Capital. Based in Beverly, Mass., Envista develops Web-based software designed to provide real-time information to help municipalities better manage utility projects, traffic, community events, and other projects. The company will continue fundraising efforts and aims to close its current round at $7.6 million.
3 min read · 01 December 2010
Yammer, a San Francisco-based start-up focused on social networking platforms for enterprise customers, has added $25 million in a third round of funding. The latest round brings Yammer’s total financing to $40 million. U.S. Venture Partners led the round, which included participation from previous shareholders Emergence Capital, Charles River Ventures and Founders Fund. U.S. Venture Partners’ Mamoon Hamid will join Yammer’s board.
3 min read · 01 December 2010
