SpectraWatt Inc., a maker of PV cells for solar manufacturers, has raised $41.4 million in convertible debt funding. Return backers included Cogentrix Energy (subsidiary of Goldman Sachs), Intel Capital and PCG Clean Energy & Technology Fund. The company was formed in 2008 as an independent spinout from Intel Corp., and received an initial $50 million in funding commitments.
3 min read · 23 March 2010
Jibe Inc., a New York-based developer of an online career search that incorporates social networking, has raised $875,000 in seed funding led by Polaris Venture Partners. Participating angels included Jason Calacanis, Ken Lerer, Ben Lerer, Josh Kushner and Jared Kushner.
3 min read · 23 March 2010
Evident Software, a Newark, N.J.-based provider of intelligence for managing high-performance IT, has raised an undisclosed amount of Series B funding from return backers Next Stage Capital and Emerald Stage Capital.
3 min read · 23 March 2010
Offerpal Media, a Fremont, Calif.-based provider of monetization platforms for social applications, virtual worlds and other online communities, has acquired Tapjoy, a provider of monetization and distribution services on the iPhone. No financial terms were disclosed. Offerpal Media has raised over $15 million in VC funding from D.E. Shaw Ventures, InterWest Partners and North Bridge Venture Partners.
3 min read · 23 March 2010
Transactis, a Charlotte, N.C.-based provider of electronic bill presentation and payment solutions, has raised $2.5 million in new VC funding led by Metamorphic Ventures.
3 min read · 23 March 2010
Aquapharm Biodiscovery, a UK-based marine biotech company focused on the development of antibiotics, has raised £4.2 million in new VC funding. Return backers include Aescap Venture, Tate & Lyle Ventures, Highlands and Islands Enterprise and NESTA.
2 min read · 23 March 2010
Nistica Inc., a Bridgewater, N.J.-based maker of optical modules for the delivery of high-bandwidth applications, has raised $6.5 million in Series C funding. Battelle Ventures led the round, and was joined by fellow return backers Novitas Capital, Technology Venture Partners and Fujikura. NTT Electronics Corp. came aboard as a new investor. Nistica previously raised around $17 million.
3 min read · 23 March 2010
Tagsys, a provider of item-level RFID infrastructure, has raised €8 million in fourth-round funding. Return backers include Elliot Advisors, Endeavour Vision, Add Partners, DFJ Esprit and Saffron Hill Ventures. The company previously raised $80 million.
2 min read · 23 March 2010
PEG Bandwidth, a Dallas-based provider of customized, fiber-based backhaul networks, has raised $15 million in private equity funding from Associated Partners.
3 min read · 23 March 2010
Calera Corp., a Los Gatos, Calif.-based developer of technology that can convert carbon dioxide into green building materials, has raised $15 million in private equity funding from Peabody Energy (NYSE: BTU). Calera previously raised around $50 million in VC funding, from firms like Khosla Ventures.
3 min read · 23 March 2010
