Webalo raised $3 million from new and existing investors. The company has developed a mobile connectivity platform. Balch Hill Capital and J.L. Easton Ventures participated in the financing round.
3 min read · 08 September 2010
2 min read · 07 September 2010
Backupify, a Louisville, Ky.-based online data backup and storage startup, secured $4.5 million in a Series A round. The financing was co-led by Avalon Ventures and General Catalyst. First Round Capital and Lowercase Capital participated in the financing, which Backupify plans to use to accelerate its product development capabilities. Backupify also named Rich Levandov, a general partner of Avalon Ventures, to its board.
4 min read · 07 September 2010
3 min read · 07 September 2010
3 min read · 07 September 2010
Red Bend Software Inc., a venture capital-financed company, acquired VirtualLogix, a Santa Clara, Calif.-based provider of real-time virtualization technology for mobile handsets. Financial terms were not disclosed. Carmel Ventures, Greylock Partners, Infinity Venture Capital, Pitango Venture Capital and Poalim Ventures are backers of Waltham, Mass.-based Red Bend Software.
5 min read · 07 September 2010
Sixty-six percent of Canadian respondents expect their industry to contract over the next five years, according to the 2010 Global Venture Capital Survey by Deloitte, Canada's Venture Capital & Private Equity Association and other industry associations. However, a majority of VCs in China, India and Brazil are more optimistic and anticipate growth in the number of venture firms in their countries over the same period.
5 min read · 07 September 2010
Nanobiotix, a Paris-based nanomedecine company that is developing cancer treatments, named Laurent Condomine to its non-executive board. Condomine has been vice president of business development at AstraZeneca. Nanobiotix has been primarily funded by European venture capital firms: Amorcage Rhone-Alpes, Cap Decisif, CIC Vizille, Masseran Gestion-CGE, Matignon Technologies and OTC Asset Management.
3 min read · 07 September 2010
SuperDimension Ltd., a Minneapolis, Minn.-based developer of pulmonology devices, secured a $9.8 million equity round of financing. It also secured a new $15 million credit facility from Oxford Finance Corp. All of SuperDimension’s existing investors (Dan Sullivan Investments, Medica Venture Partners, OrbiMed Advisors, Oxford Biosciences Partners, Pitango Venture Capital and an unnamed institutional investor) participated in the equity financing.
3 min read · 07 September 2010
Tyfone Inc. closed a Series B financing of $5 million. HDFC Holdings Ltd. and Polaris Software Lab were new investors to the Portland, Ore.-based company. Ojas Venture Partners was a returning investor. Tyfone is a provider of mobile banking, mobile contactless payment and secure mobility solutions.
4 min read · 07 September 2010
