NexPlanar, a Hillsboro, Ore.-based maker of chemical mechanical planarization pads for the semiconductor device market, has raised $3.5 million in venture debt funding from ATEL Ventures. The company previously raised around $29 million in VC funding from BlueRun Ventures, Intel Capital, SmartForest Ventures, Finaventures and Interwest Partners.
2 min read · 30 March 2010
VPIsystems, a Holmdel, N.J.-based provider of mobile network analytics and capacity management software, has acquired Elanti Systems, a provider of routing software for carrier networks. No financial terms were disclosed, except that existing VPIsystems and Elanti Systems shareholders invested an additional $4 million into the combined company. VPIsystems backers include AlpInvest Partners, Cipio Partners and Core Capital Partners, while Elanti shareholders include New Venture Partners Innovation Capital.
3 min read · 30 March 2010
4 min read · 30 March 2010
Coda Automotive, a Santa Monica, Calif.-based electric car and battery company, has secured $394 million in capital commitments for its joint venture with Lishen Power Battery. The deal includes $100 million in equity from undisclosed backers, and a $294 million line of credit commitment from the Bank of Tianjin Joint-Stock Co. CODA previously raised over $75 million in VC funding from the Angeleno Group, company founder Miles Rubin, Mac Heller (Coda co-chair), Kevin Czinger (Coda president and CEO), Hank Paulsen (former U.S. Treasury Secretary), John Bryson (ex-Edison Int'l CEO), Mack McLarty (former chief of staff for President Clinton) and Thomas Steyer (founder of Farallon Capital Management).
2 min read · 30 March 2010
Enphase Energy Inc., a Petaluma, Calif.-based developer of micro-inverter systems for the solar industry, has raised $40 million in private funding. Return backer Bay Partners led the round, and was joined by Horizon Technology Finance, Bridge Bank, Third Point Ventures, RockPort Capital Partners, Madrone Capital Partners and Applied Ventures. The company previously raised over $25 million.
4 min read · 30 March 2010
Integrated Photovoltaics, a sealth-mode developer of photovoltaic solutions, has raised $8.5 million in Series A funding. Peninsula Ventures led the round, and was joined by I2BF and seed backers Alloy Ventures and Labrador Ventures. Integrated Photovoltaics is based in Sunnyvale, California.
3 min read · 30 March 2010
CardStar Inc., a Canton, Conn.-based developer of a mobile loyalty application, has raised $1 million in Series A funding. Amplifier Ventures led the round, and was joined by Acta Wireless and LaunchCapital. CardStar previously raised seed funding from Amplifier, as part of the firm's business accelerator program.
3 min read · 30 March 2010
Jan Thaw Bruce and Wendy Jarchow have joined Chrysalis Ventures as an executive-in-residence and director of business development (Upper Midwest), respectively. Bruce is the former CEO of New Age Publishing, who most recently was a managing director at Martha Stewart Living Omnimedia. Jarchow most recently founded a startup consulting practice in Chicago, but now will work out of Cleveland.
3 min read · 30 March 2010
Glacier Bay Inc., a Union City, Calif.-based developer of system-integrated DC power and thermal management technologies, has raised $15 million in new Series C funding. City Light Capital led the tranche, and was joined by return backers The Westley Group and New Enterprise Associates. The company previously raised over $40 million, from Westley, NEA and Quercus Trust.
3 min read · 30 March 2010
Goomzee, a Missoula, Mon.-based developer of an interactive mobile marketing platform for real estate agents and buyers, has raised $1.5 million in Series A funding. Highway 12 Ventures led the deal, its first in a Montana-based company.
2 min read · 30 March 2010
