AOL Inc. has launched a venture capital fund focused on "hyper-local" Internet startups, as part of a larger strategic focus on expanding the company's local content. PaidContent reports that the fund size is $10 million.
4 min read · 18 March 2010
Solar Junction Corp., a San Jose, Calif.-based developer of triple junction solar cells for the concentrated solar market, has raised $13.33 million in Series C funding. New Enterprise Associates led the round, and was joined by return backers Advanced Technology Ventures and Draper Fisher Jurvetson.
3 min read · 17 March 2010
1 min read · 17 March 2010
UpWind Solutions Inc., a Medford, Ore.-based provider of wind asset management services, has raised $28.8 million in second-round funding. Kleiner Perkins Caufield & Byers led the round, and was joined by return backer MissionPoint Capital Partners.
3 min read · 17 March 2010
Exar Corp. (Nasdaq: EXAR) has completed its previously-announced acquisition of Neterion, a Sunnyvale, Calif.-based provider of 10 Gigabit Ethernet network adapter solutions optimized for virtualized data centers. The deal was valued at between $10 million and $11 million. Neterion had raised around $65 million in VC funding, from Menlo Ventures, VenGrowth, BDC and JAFCO Ventures.
2 min read · 17 March 2010
Highwinds, a Winter Park, Fla.-based provider of multi-platform IP services and content distribution solutions, has secured $35 million in debt financing led by Silicon Valley Bank. The capital will be used to refinance existing debt and for working capital. The company previously raised more than $55 million in equity funding from General Catalyst Partners, Alta Communications and European Founders Fund.
3 min read · 17 March 2010
Aurora Biofuels Inc., an Alameda, Calif.-based biofuels company focused on open-pond algae aquaculture, has raised $15 million in third-round funding. Oak Investment Partners led the round, and was joined by fellow return backers Gabriel Venture Partners and Noventi. The company previously raised $25 million.
4 min read · 17 March 2010
Message Systems, a Columbia, Md.-based provider of message management solutions, has raised an undisclosed amount of new funding from NewSpring Ventures.
3 min read · 17 March 2010
LucidLogix Technologies, an Israel-based developer of real-time distributed processing engine for visual computing, has raised $8 million in fourth round funding. Return backers include Rho Ventures, Giza Venture Capital and Genesis Partners. The company has now raised $40 million in total VC funding.
2 min read · 17 March 2010
AuctionPoint, a Marina Del Rey, Calif.-based online auction platform for the commercial real estate market, has raised an undisclosed amount of strategic funding from LoopNet Inc. (Nasdaq: LOOP).
4 min read · 17 March 2010
