ChaCha, the Indianapolis free, real-time answers service, has closed a $20 million round of financing, according to the company. The funding came from VantagePoint Venture Partners and Rho Ventures.
4 min read · 14 October 2010
Texas-based hospice company New Century Hospice has raised $20 million in Series A financing. The round was led by Scale Venture Partners and Petra Capital Partners. The funding will be used to expand its standalone care centers in Texas and the surrounding states. Mark Brooks and Lou Bock of ScaleVP and David Fitzgerald of Petra Capital will now join the New Century board.
4 min read · 13 October 2010
Utah-based business networking software developer 7 Degrees Inc has closed a $6.8 million Series B round of financing led by Rho Ventures, vSpring Capital and Parkview Ventures. Rho Ventures partner Patrick Wack will join the 7 Degrees board. Rho Ventures, based in New York, is currently investing from Rho Ventures VI, a $510 million fund.
3 min read · 13 October 2010
Burrill & Co. and Infinity Group formed a joint venture that will pursue life science investment opportunities in China. The two firms plan to co-invest as equal partners. San Francisco-based Burrill plans to open its China headquarters in Hong Kong.
3 min read · 13 October 2010
StoredIQ Inc. closed on $10 million in new investment financing. PerformanceEdge Partners and existing lead investor S3 Ventures led the round. The Austin, Texas-based provider of intelligent information management solutions also named Phil Myers as chief executive officer and H.E. Buddy Wilson as vice president of business development.
3 min read · 13 October 2010
PlayFirst Inc. closed on $9.2 million in financing. Existing backers (including Mayfield Fund, Trinity Partners, DCM and Rustic Canyon Ventures) invested $5.2 million. The San Francisco, Calif.-based publisher of mobile and social games received the other $4 million in form of debt financing from Comerica Bank. PlayFirst also named Eric Hartness, most recently PlaySpan’s chief marketing officer, as vice-president and general manager of social games.
4 min read · 13 October 2010
Care.com Inc. closed a financing round with $20 million. Maryland-based New Enterprise Associates led the funding for the Waltham, Mass.-based company. Matrix Partners and Trinity Ventures are existing investors that participated in the round. Care.com is a Website that allow users to search for childcare, senior care, pet care and housekeeping service providers.
4 min read · 13 October 2010
FashionPlaytes Inc. raised $4 million. Fairhaven Capital Partners led the latest financing round, which was oversubscribed. Existing investors New Atlantic Ventures, Launch Capital and Golden Seeds participated in the financing. Salem, Mass.-based FashionPlaytes has raised a total of $5.8 million. It has a design-it-yourself fashion destination Web site for girls from five to 12 years old. FashionPlaytes plans to use the capital for product development and to expand its customer base.
3 min read · 12 October 2010
Ecomom.com, a Los Angeles and San Francisco-based parenting e-commerce site, received $1.1 million in Series A funding from a collection of angel investors and venture capitalists. Investors include Dan Gould (the founder of Newroo and Namesake), Cyan and Scott Banister (Zivity), Dave McClure, Paige Craig, Sizhao Yang, David Pell, and Kim Ventures. Ecomom.com is a website that provides parents with healthier choices for children. It was founded in February 2010.
1 min read · 12 October 2010
Nextreme Thermal Solutions hired John Goehrke as chief executive officer. Goehrke brings more than 25 years of sales, marketing, and general management experience to Nextreme. He most recently served as CEO at siXis Inc. Nextreme is a Durham, N.C.-based provider of microscale thermal and power management products for the electronics industry. It is backed by various VC firms including Redshift Ventures, Chart Venture Partners, Itochu Technology Ventures Inc. and Harris & Harris Group Inc.
2 min read · 12 October 2010
