1 min read · 06 April 2010
Arrow Electronics Inc. (NYSE:ARW) has agreed to acquire Converge Inc., a Peabody, Mass.-based provider of reverse logistics services. No financial terms were disclosed. Converge had raised VC funding from Pharos Capital Partners.
2 min read · 06 April 2010
L-1 Identity Solutions Inc. (NYSE: ID) has acquired the assets of Retica Systems Inc., a Waltham, Mass.-based developer of eye biometric authentication solutions. No financial terms were disclosed. Retica had raised over $8 million from Sigma Partners.
3 min read · 06 April 2010
1 min read · 06 April 2010
Shocking Technologies Inc., a San Jose, Calif.-based developer of voltage switchable dielectric materials, has raised $5.2 million in additional Series B-1 funding. This brings the round total to $13.2 million, and the company's total equity funding to $30.3 million. Backers include Arch Ventures, ATA ventures, Balch Hill Capital, Vista Ventures and SkyLake Incuvest & Company.
2 min read · 06 April 2010
Stitcher, a San Francisco-based service that lets users customize talk radio programming on their mobile devices, has raised $6 million in Series B funding. Benchmark Capital led the round, and was joined by return backer New Atlantic Ventures and angels Ron Conway and Ed Scott. The company previously raised around $1.7 million.
3 min read · 06 April 2010
EcoFactor, a San Carlos, Calif.-based provider of automated residential energy management software, has raised $3.5 million in new Series A funding led by RockPort Capital Partners. Claremont Creek Venture also participated, after having led a $2.4 million first close in December 2009.
4 min read · 06 April 2010
1 min read · 05 April 2010
NearVerse, a Philadelphia-based mobile networking startup, has raised $1 million in seed funding from Meakem Becker Venture Capital. NearVerse co-founder Vic Singh is a former associate with RRE Ventures.
4 min read · 05 April 2010
1 min read · 05 April 2010
