Private Equity
Boston-Power Inc., a Westborough, Mass.-based developer of lithium-ion batteries, has raised $60 million in Series E funding. Foundation Asset Management and Oak Investment Partners co-led the round, and were joined by fellow return backers Venrock and Gabriel Venture Partners. The company has now raised around $185 million in total VC funding since 2005.
6 min read · 25 June 2010
Playdom, a Mountain View, Calif.-based social gaming company, has acquired Hive7, which buildsd games played on Facebook and other social networks. No financial terms were disclosed. Playdom has raised $80 million in VC funding, including $33 million earlier this week. Backers include Bessemer Venture Partners, Steamboat Ventures, New World Ventures, New Enterprise Associates, Lightspeed Venture Partners and Norwest Venture Partners. Hive7 had raised venture capital from True Ventures.
2 min read · 25 June 2010
1 min read · 25 June 2010
2 min read · 24 June 2010
Sneaky Games, an Austin, Texas-based social gaming startup, has raised an undisclosed amount of first-round funding led by Liahona Ventures.
2 min read · 24 June 2010
The University of New Hampshire has partnered with a group of local entrepreneurs to launch a nonprofit business accelerator named the New Hampshire Innovation Commercialization Center.
4 min read · 24 June 2010
EDGAR Online Inc. (Nasdaq: EDGR) has agreed to acquire UBmatrix Inc., a provider of XBRL-based software solutions for global organizations and enterprises. EDGAR Online shareholders include Bain Capital Ventures, while privately-held UBmatrix backers include Draper Fisher Jurvetson and the Meteor Group. The deal is valued at around $7.6 million in stock, including an agreement by UBmatrix shareholders to invest an additional $2 million into the combined company.
6 min read · 24 June 2010
1 min read · 24 June 2010
1 min read · 24 June 2010
D.light Design, a maker of solar-powered consumer products for families without access to reliable electricity, has raised $5.5 million in Series B funding. Omidyar Network led the round, and was joined by return backers Acumen Fund, Nexus Venture Partners, Gray Matters Capital, Draper Fisher Jurvetson and Garage Technology Ventures.
3 min read · 24 June 2010
