ChapDrive AS, a Norway-based developer of hydraulic transmission systems for wind turbines, has raised €11 million in new VC funding. Viking Venture and Investinor were joined by return backers NorthZone Ventures, Hafslund Venture and Energy Capital Management (Statoil Venture).
2 min read · 13 April 2010
Sierra Atlantic Inc., a Fremont, Calif.-based provider of engineering solutions for Oracle products, has acquired Baytree Associates, a Charlotte-based consulting firm and Oracle solutions provider. No financial terms were disclosed. Sierra Atlantic raised $18.4 million in 1999 from Information Technology Ventures, General Electric, New Enterprise Associates and Walden International.
2 min read · 13 April 2010
Carmel Ventures has promoted Gilad de Vries to vice president of digital media. He had joined the Israeli venture capital firm in late 2006 as a principal.
2 min read · 13 April 2010
3Crowd Technologies, a San Mateo, Calif.-based provider of management tools for cloud-based services, has raised $6.62 million in Series A funding from Canaan Partners and Storm Ventures.
3 min read · 13 April 2010
Qcept Technologies Inc., an Atlanta-based maker of wafer inspection systems for the semiconductor manufacturing industry, has raised $10.4 million in fourth-round funding. Pittco Capital Partners led the round, and was joined by fellow new backers Imlay Investments, Jackson Capital Partners and KT Venture Group. The company previously raised nearly $25 million from firms like Siemens Venture Capital.
3 min read · 13 April 2010
Rembrandt Venture Partners has closed its second fund with $160.5 million in capital commitments. The Menlo Park, Calif.-based firm focuses on early-stage technology opportunities.
2 min read · 13 April 2010
AltheaDx Inc., a San Diego-based developer of companion diagnostics, has raised $6 million in Series A funding led by Telegraph Hill Partners.
2 min read · 13 April 2010
PhosphonicS, a UK-based developer of precious metal scavenger products, has raised £3.5 million in second-round funding. Seventure Partners led the round, and was joined by return backers like Regents Park Partners. PhosphonicS is a spinout from Queen Mary University of London.
4 min read · 13 April 2010
Liquiavista BV, a Dutch fabless display manufacturing company, has raised €7 million in Series D funding. Return backers include Amadeus Capital Partners, GIMV, Prime Technology Ventures and Applied Ventures.
3 min read · 13 April 2010
Beijing YiCheng Bioelectronics Technology Co. Ltd., a Chinese maker of blood glucose monitoring systems, has raised approximately $10.25 million in Series A funding from Sequoia Capital and PreIPO Capital. SSG Capital served as placement agent.
2 min read · 12 April 2010
