O3b Networks has raised $1.2 billion in debt and equity financing to create a constellation of satellites to provide internet service to the developing world. Shareholders include Google, North Bridge Venture Partners, Allen & Company, SES, Liberty Global and HSBC Principal Investments. Other shareholders include the Development Bank of Southern Africa, Sofina and Satya Capital. Debt was provided by several lenders, including HSBC, ING and Dexia. O3b Networks, whose name stands for “other three billion” – a reference to the number of people in the world without regular Internet access – is based in the Channel Islands.
5 min read · 29 November 2010
Analytics company ClickFox has raised $18 million in a new round of financing led by Morgan Stanley Alternative Investment Partners. The company, which says it is already profitable, will used the financing for continued growth and expansion of its customer experience analytics technology. The Atlanta-based company did not disclose the names of other investors in the round. ClickFox has previously raised financing from investors including Ascent Venture Partners, Cedar Fund, Delta Ventures and Veritas Venture Partners.
4 min read · 29 November 2010
CloudBees, a Lewes, Del.-based start-up focused on cloud computing, has raised $4 million in a first round of venture funding led by Matrix Partners. The company will use the financing to build out its cloud-agnostic, cloud-native Java platform-as-a-service. As a result of the financing, Matrix’s David Skok and individual investor Bob Bickel will join the CloudBees board.
4 min read · 29 November 2010
Medical imaging company SuperSonic Imagine has added 19 million euro ($25 million) to its Series C financing round, bringing the total raised in the round to 34 million euro ($44.7 million). Existing investors Edmond de Rothschild Investment Partners, Auriga Partners, Credit Agricole Private Equity, NBGI Ventures, BioAm, Wellington Partners and IXO Private Equity all contributed to the financing. The money will be used to expand the company’s ultrasound technology for use in liver, thyroid, abdominal, musculoskeletal, gynecological and prostate imaging. Five-year-old SuperSonic Imagine is based in Aix-en-Provence, France.
6 min read · 29 November 2010
FXecosystem, a developer of trading infrastructure for foreign exchange markets, said it has raised an undisclosed amount of Series A financing from New York-based Richfield Capital Partners and an unnamed European private equity consortium. No financial details of the funding were released. FXecosystem is based in New York.
2 min read · 29 November 2010
Wave energy developer Aquamarine Power has raised 11 million pounds ($17.36 million) in a round of financing led by an 8 million pound ($12.6 million) investment from Zurich-based technology and automation company ABB Group. Existing shareholders including SSE Venture Capital, the venture unit of Scottish and Southern Energy, also participated in the round.
3 min read · 24 November 2010
Moscow-based OnAir3G has inked $2 million in a first round of financing from Russian venture fund Runa Capital. The investment in OnAir3G, a developer of a voice-enabled social networking platform, is Runa’s first since launching in August. OnAir3G will use the financing for continued development. The start-up has plans to launch its technology in mid-2011.
3 min read · 24 November 2010
4 min read · 24 November 2010
Boston-based AisleBuyer, a developer of smartphone-driven self-checkout technology for retailers, has raised $4 million in a combination of equity and debt. Investors InnerWorkings, Echo Global Logistics, Mediabank, Forseva and Groupon provided the undisclosed amount of equity, while Silicon Valley Bank provided a line of credit to the company.
3 min read · 23 November 2010
Data center infrastructure start-up Nlyte Software has raised $12 million in a Series C round led by NGEN Partners. Existing shareholders Balderton Capital, Ruffer LLP and Montalcino Holdings also participated in the round. The new funding is aimed at helping the company expand its operations and product development. Nlyte Software is based in Menlo Park, Calif. NGEN Partners has offices in Palo Alto, Calif.; New York; and Santa Barbara, Calif.
3 min read · 23 November 2010
