Clovr Media secures $1.5 million in seed funding. The Waltham, Mass. -based company plans to use the capital to launch its card linked offer platform. The financing came from Kepha Partners and CommonAngels. Clovr Media is the latest venture from Tom Burgess, who founded and served as Chief Executive of Third Screen Media.
4 min read · 19 October 2010
BaltCap invested €1.4 million in Primekss. BaltCap is a private equity and venture capital firm that invests in the Baltic States. It took a unspecified, but significant minority stake in the Riga, Latvia-based concrete floors contracting company. The deal is the first investment made by BaltCap Latvia Venture Capital Fund.
2 min read · 19 October 2010
Buddy Media raised $23 million in Series C funding. The New York-based provider of a social media software tools used by users such as advertisers plans to use the capital to fuel its growth. Institutional Venture Partners led the financing round Existing investors, including Softbank Capital, Greycroft Partners and Bay Partners, participated in the financing.
4 min read · 19 October 2010
Evernote secured $20 million in a Series C investment round. New investor Sequoia Capital led the investment. Existing shareholders, including Morgenthaler Ventures, DOCOMO Capital and Troika Dialog, will also participate. Mountain View, Calif.-based Evernote plans to use the capital or product development and for expansion into new market segments. Sequoia Capital’s Partner, Roelof Botha will join Evernote’s board as an observer.
3 min read · 19 October 2010
OverDrive.com received a “major” investment from Insight Venture Partners of New York. Financial terms were not disclosed. OverDrive is a Cleveland, Ohio-based distributor of eBooks, audiobooks and digital content services to retailers, libraries and schools.
4 min read · 19 October 2010
Oversi has raised $4.9 million in funding, with the round led by Carmel Ventures, an Israeli venture capital fund with more than $600 million under management. Cisco(R), smac partners and StageOne Ventures also invested. Oversi is an Israel-based internet video company with offices and representatives in EMEA, the US, Asia-Pacific and Latin America. For more information, please visit our web site, www.oversi.com.
3 min read · 18 October 2010
Ice Energy Inc. held the first closing of a Series C financing round. The provider of energy storage solutions to the electric utility industry secured $24 million in capital. The Windsor, Colo.-based company plans to use the capital to support deployment of its utility-scale distributed energy storage projects throughout the U.S. and Canada. TIAA-CREF, Energy Capital Partners, Good Energies, Sail Ventures and Second Avenue Partners participated in the round.
3 min read · 18 October 2010
Nexidia Inc. has raised more than $23 million. The provider of audio search and speech analytics solution plans to use the capital to develop and protect its original research in its core technology and intellectual property. Nexidia also plans to use the capital to increase operational capacity in the contact center and other markets. BlueCross BlueShield Venture Partners, Sandbox Industries and HarbourVest Partners are new investors to the Atlanta, Ga.-based company. HIG Ventures, Paladin Capital Group, Boston Millennia Partners, Morgan Stanley and Cordova Ventures are existing investors that added to their equity stake.
5 min read · 18 October 2010
Aldagen Inc. named Lyle A. Hohnke its chief executive officer to succeed Tom Amick. Hohnke has more than 35 years of experience in the health care industry. He has been a member of The Durham, N.C.-based developer of regenerative therapies since 2008. Aldagen has raised venturce capital funds from firms like Intersouth Partners, Harbert Venture Partners, The Aurora Funds, Tullis-Dickerson and Trelys Funds.
2 min read · 18 October 2010
1 min read · 15 October 2010
