Logility Inc., a provider of supply chain optimization solutions, has acquired Optiant Inc., a Burlington, Mass.-based provider of inventory planning and optimization solutions. The deal was valued at $3.3 million in cash. Optiant had raised nearly $40 million in VC funding from firms like Battery Ventures, Castile Ventures and LogiSpring.
4 min read · 23 March 2010
Aerohive Networks Inc., a Santa Clara, Calif.-based developer of "cooperative control" wireless LAN access points, has raised $23.5 million in Series C funding. Return backers included Kleiner Perkins Caufield & Byers, Northern Light Venture Capital and Lightspeed Venture Partners. Aerohive previously raised $24 million.
2 min read · 23 March 2010
Made.com, a UK-based online designer furniture retailer that connects buyers directly with manufacturers, has raised £2.5 million in VC funding. Backers include PROfounders Capital, Brent Hoberman (mydeco.com), Marc Simoncini and John Hunt.
4 min read · 23 March 2010
Gregory Stanger has joined online textbook rental company Chegg.com as chief financial officer. He previously was a venture partner with Technology Crossover Ventures.
2 min read · 23 March 2010
1 min read · 23 March 2010
TerraLUX Inc., a Boulder, Colo.-based developer of LED solid-state lighting products, has raised $5.6 million in Series A funding. Emerald Technology Ventures led the round, and was joined by existing backer Access Venture Partners.
3 min read · 22 March 2010
Bill Young has joined Clarus Ventures as a venture partner in the firm's San Francisco office. He previously was CEO of Monogram Biosciences, which was acquired last year by LabCorp. He also serves as executive chairman of Clarus portfolio company NanoString, chairman of Biogen IDEC and on the board of Theravance.
3 min read · 22 March 2010
Nodality Inc. of South San Francisco has raised $15.5 million in new VC funding. Pfizer Ventures and Laboratory Corp of America Holdings co-led the round, and was joined by return backers Kleiner Perkins Caufield & Byers, Maverick Capital and TPG Biotech Partners. According to the TPG Biotech website, Nodality focuses on "personal diagnostics targeting cell-signaling pathway “nodes” detected in well defined cellular sub-populations from individual patients."
3 min read · 22 March 2010
GoAhead Software, a Bellevue, Wash.-based provider of commercial off-the-shelf high availability software, has acquired Avantellis from Emerson Network Power. The deal is part of a strategic shift toward an open-source model. No financial terms were disclosed. GoAhead has raised over $40 million in VC funding from Columbia Capital, Cedar Grove Investments, Intel Capital and Voyager Capital.
4 min read · 22 March 2010
Atomico Ventures, a European-focused VC fund run by Skype co-founder Niklas Zennström, has closed its second fund with $165 million in capital commitments. A regulatory filing from May 2009 indicated that the firm had been seeking upwards of $266 million, with Probitas Partners serving as placement agent.
2 min read · 22 March 2010
