VCJ Staff

Edison Ventures Scores 8x Return on CambridgeSoft Investment

TigerText Closes $1.9 Million Financing With Angel Investors

TigerText, a Santa Monica, Calif.-based mobile messaging company, completed a $1.9 million financing round with angel investors. The company plans to use the funds to build out its Mobile Privacy Network, as well as add new features and functionality to its messaging platform. Herb Madan (a Silicon Valley technology executive and venture investor) and Randall Kaplan, (co-founder of Akamai Technologies and venture investor) led the round.

NeurAxon Closes a Convertible Debt Financing Deal

NeurAxon Inc. closed a convertible debt financing. The Canadian developer of next-generation pain therapeutics said the debt can be exchanged for class B preferred shares for a total of about $14 million. CTI Life Sciences Fund, the Ontario Capital Growth Corp., Delphi Ventures, OrbiMed Advisor, LLC, Ventures West Capital Ltd., H.I.G. Ventures, BDC Venture Capital, NeuroVentures Fund and NeurAxon CEO Lawrence Bloch were investors.

Koofers Raises $5 Million in Venture Funding

Koofers Inc. raised $5 million in Series A equity funding. The Reston, Va.-based social learning company said the round includes Revolution LLC, which was formed by AOL co-founder Steve Case, and QED Investors. Existing investors that participated in the financing were New Atlantic Ventures and Altos Ventures. Koofers plans to use the capital to scale its presence by expanding product development and customer adoption.

1H 2010 investment in Latin American more than all 2009

The level of investments in Latin America made in the first six months of 2010 was greater than that made in all of 2009, according to the Latin American Venture Capital Association. $3.8 billion worth of new investments were completed in the first half of 2010, compared to $3.27 billion in all of 2009. Brazil attracted 66 percent of that investment.

Rypple Secures $7 Million in Funding

Rypple, a Canadian social software firm, raised $7 million in a round led by Bridgescale Partners. Other investors included Edgestone Capital Ventures, Extreme Venture Partners, Peter Thiel, Seymour Schulich, Roger Martin and Joe Sigelman. The company has so far raised $13 million in funding. Howard Gwin, a Bridgescale partner, will join Rypple’s board of directors.

SenSage Raises $6.25M, Including from Sierra Ventures and Canaan Partners

Andera Scores $7.5M from Edison Ventures

Phreesia Snags $20M Series D, Led by VantagePoint Venture Partners

GEO Semiconductor raises $2M

GEO Semiconductor, a California-based manufacturer or LCD displays, has closed a $2 million fund raising round. The funding consists of venture debt and equity, with Montage Group leading the venture debt portion of the funding. Harris & Harris Group also participated.