New York-based social media software company Buddy Media has added $5 million in financing from advertising giant WPP. Buddy Media recently raised $23 million in Series C financing from investors including New York-based Greycroft Partners; Palo Alto, Calif.-based Bay Partners; Menlo Park, Calif.-based Institutional Venture Partners; and Softbank Capital.
4 min read · 29 October 2010
Vancouver, BC-based dPoint has raised $2.6 million to expand sales and development. The company, which is backed by GreenAngel Energy Corp., develops polymer membranes used in the heating and air-conditioning industry.
2 min read · 29 October 2010
Nomadesk, a maker of cloud storage and file sharing software, has raised $7 million from new investor BAMS Angel Fund and existing shareholder Gimv. Nomadesk is based in Ghent, Belgium, and will use the Series B financing to expand into North America.
3 min read · 29 October 2010
San Francisco-based Carbonflow has raised $4.2 million in a second round of financing led by Kirkland, Wash.-based OVP Venture Partners. Waltham, Mass.-based @Ventures and San Francisco-based Clean Pacific Ventures also invested in the round. Carbonflow provides a software service designed to track and manage carbon reduction projects.
2 min read · 29 October 2010
Galway-based medical device company Cappella has raised 10.5 million Euro ($14.6 million) in Series D financing from Polytechnos Partners, ACT Venture Capital, Fountain Healthcare Partners and Mitsui & Co. Venture Partners. Kreos Capital Limited and Silicon Valley Bank provided debt financing for Cappella, which develops stent technology to treat vascular disease.
5 min read · 29 October 2010
Boston-based PeerTransfer has raised an undisclosed amount of first round financing from Spark Capital, and from angel investors Dave McClure; former Lotus CTO John Landry; and Travelocity co-founder Jim Hornthal. The company, formed at MIT, has developed an online platform for transferring money between international bank accounts.
3 min read · 29 October 2010
Swiss start-up Mind-NRG has raised 1.5 million Euro ($2 million) from Index Ventures. The initial investment is part of a total 10 million Euro ($13.8 million) in funding that Index has allocated to the newly incorporated company. Mind-NRG develops drugs for neurological and psychiatric disorders. Index Ventures has offices in Geneva, London and in St. Helier, Jersey.
2 min read · 28 October 2010
Atlanta-based cybersecurity start-up Endgame Systems has raised $29 million in a Series A round from Bessemer Ventures; Alexandria, Va.-based Columbia Capital; Menlo Park, Calif.-based Kleiner Perkins Caufield & Byers; and Atlanta-based TechOperators. The company will use the money in part to launch its cloud-based malware and botnet detection service. As part of the funding, Bessemer’s David Cowan and Columbia Capital’s Arun Gupta join Endgame’s board.
4 min read · 28 October 2010
Publicly traded Endologix has acquired venture-backed medical device company Nellix Endovascular for $15 million in stock, plus additional milestone-based stock payments totaling as much as $39 million. As part of the acquisition, Nellix’s majority investor, Essex Woodlands Health Ventures, will also invest $15 million in the newly combined company. Palo Alto, Calif.-based Essex Woodlands Health Ventures has $2.5 billion under management. Endologix is based in Irvine, Calif.
6 min read · 28 October 2010
Chicago-based cloud storage company Cleversafe has raised $31.4 million in an extended Series C funding round. Venture investors include Chicago-based OCA Ventures; Sunnyside, Calif.-based Motorola Ventures; and Menlo Park, Calif.-based New Enterprise Associates. The company will use the money in part to expand marketing of its dispersed storage platform.
3 min read · 28 October 2010
