Redwood City, Calif.-based start-up Racktivity has raised $8 million in a Series B round led by Partech International. Existing shareholder Big Bang Ventures also participated in the round, which is designed to help Racktivity expand its product development. Racktivity is developing technology to reduce the energy consumption, costs and carbon emissions of data centers. Partech has offices in San Francisco and Paris. Big Bang Ventures has offices in Antwerp, London and Istanbul.
4 min read · 01 December 2010
Appnomic Systems, which provides automation-based infrastructure management services, has raised a $2.5 million Series B round led by Norwest Venture Partners. The new round brings the company’s total financing to $6.5 million. Appnomic is based in Palo Alto, Calif., and has offices across India, and in Saudi Arabia, Germany and the United Arab Emirates. Norwest Venture Partners is based in Palo Alto, Calif., and has more than $3.7 billion under management.
2 min read · 01 December 2010
Pacific Catch, a California-based seafood restaurant chain, has raised $4 million in a round led by Pacific Community Ventures. The company will use the financing to add restaurants, including a new store opening early next year in Campbell, Calif. San Francisco-based Pacific Community Ventures focuses on small business investments in California.
3 min read · 01 December 2010
Payvment, which provides an e-commerce platform for Facebook users, has raised a $6 million Series B round led by Sierra Ventures. BlueRun Ventures, a previous investor in the company, also participated in the latest round. As a result, Sierra Partner Vispi Daver will join Payvment’s board. The company will use the new money to expand its staff and to open new offices in Palo Alto, Calif.
4 min read · 30 November 2010
Energy efficiency software company OPower has raised a $50 million financing round co-led by Accel Partners and Kleiner Perkins Caufield & Byers. The round included participation from existing shareholder New Enterprise Associates. The new financing will help the Arlington, Va.-based company expand its development efforts. OPower’s technology is designed to help electric and gas utilities improve energy efficiency. The company’s software platform uses data analytics to evaluate a household’s energy usage and applies behavioral science techniques to help utility customers save energy.
5 min read · 30 November 2010
Learn It Systems, an educational services company based in Baltimore, has raised an undisclosed amount of financing from venture firm Milestone Partners. The company will use the majority of the financing to buyout a founding shareholder, the company said. Milestone is based in Radnor, Penn.
2 min read · 30 November 2010
Electronic billing and payment company Transactis has raised $7 million in a Series B financing round led by New York-based StarVest Partners. Existing shareholders and the company’s management also contributed to the round, which will help Transactis expand sales of its software-as-a-service. In March, Transactis said it had raised $2.5 million in VC funding led by New York-based Metamorphic Ventures.
3 min read · 30 November 2010
PowerCloud Systems has spun out of thePalo Alto Research Center, a Silicon Valley tech incubator, and inked an undisclosed amount of venture capital financing from San Francisco-based firms Walden Venture Capital and Javelin Venture Partners. PowerCloud, which develops cloud-based technology for the small and medium-sized businesses, has been operating inside the Palo Alto Research Center since 2008.
4 min read · 30 November 2010
Marketing company RingRevenue has rased $4 million in venture capital financing, bringing its total financing to $7.5 million. Los Angeles-based GRP Partners and Santa Barbara, Calif.-based Rincon Venture Partners led the latest round, which will be used to bolster its customer development and support teams. Santa Barbara, Calif.-based RingRevenue develops call performance marketing technology, as well as tracking and analytics technology for advertising campaigns.
4 min read · 30 November 2010
Redwood City, Calif.-based Abiquo, which develops enterprise cloud management software, has raised $10 million in Series B financing. London-based Balderton Capital led the round, which included participation from shareholders Nauta Capital and Eurecan. Abiquo will use the financing to bolster its sales and marketing. As a result of the round, Bernard Liautaud, a partner at Balderton Capital, will join the Abiquo board.
4 min read · 30 November 2010
