Kwedit Inc., a Mountain View, Calif.-based developer of a payment platform for virtual goods and social games, has raised $3.3 million in new VC funding, according to a regulatory filing. Backers include True Ventures, Maples Investments and Fenwick & West.
1 min read · 05 March 2010
Kineto Wireless Inc., a Milpitas, Calif.-based provider of mobile over wireless LAN solutions, has secured $9 million in a $15 million fifth-round funding, according to a regulatory filing. The company previously raised around $103 million in total funding since 2001, from Oak Investment Partners, Motorola, Sutter Hill Ventures, Venrock, Seapoint Ventures and InterDigital Communications Corp. The company has now raised around $103 million in total VC funding since its 2001 inception.
1 min read · 05 March 2010
Trimble (Nasdaq: TRMB) has acquired LET Systems, a Cork, Ireland-based provider of incident and outage management software for utilities. No financial terms were disclosed. LET Systems has raised venture capital funding from Siemens Venture Capital, Tempovest Capital, Enterprise Ireland, Bank of Scotland and TVC Holdings.
4 min read · 05 March 2010
Trustwave Corp., an Annapolis, Md.–based provider of on-demand data security and payment card industry compliance management solutions, has acquired Intellitactics, a Reston, Va.-based provider of security information and event management technology. No financial terms were disclosed. Trustwave raised $10 million from FTV Capital in 2004, while Intellitactics raised around $21 million from JMI Equity, Lazard Technology Partners, RBC Dominion and Enterasys Networks.
3 min read · 05 March 2010
Cardagin Networks Inc., a Charlottesville, Va.-based developer of a mobile marketing platform, has raised $1 million in Series A funding from undiclosed angel investors.
2 min read · 05 March 2010
Stylesight, a New York-based online provider of fashion information, has raised $10 million in second-round funding from Cue Ball Capital and return backer Volition Capital (f.k.a. Fidelity Ventures). The company previously raised $16 million.
3 min read · 05 March 2010
Saladax Biomedical, a Bethlehem, Penn.-based developer of diagnostic tests for the delivery of personalized medicine, has raised $8.4 million in Series C funding. Excel Venture Management led the round, and was joined by return backers Golden Seeds LLC, Ben Franklin Technology Partners and the Life Sciences Greenhouse of Central Pennsylvania. The company previously raised $11.5 million.
3 min read · 05 March 2010
SpePharm Holding NV, an Amsterdam-based acquirer and marketer of hospital drugs to the pan-European market, has acquired the global rights (exclusing North and South America) to Savene, a drug compound used to treat blood stream leakages, from TopoTarget AS. To finance the deal, SpePharm has raised €7 million in new VC funding from return backers TVM Capital, Signet Healthcare and Paul Capital Healthcare. It also secured €4 million in debt from Paladin Labs Inc.
5 min read · 05 March 2010
2 min read · 05 March 2010
TransMedics Inc., an Andover, Mass.-based developer of portable life support systems for organ transplants, has raised $36 million in Series E funding. Foundation Capital and Kleiner Perkins Caufield co-led the round, and were joined by return backer Flagship Ventures. In December 2008, the company canceled an $86.25 million IPO, citing "market conditions." At the time, it had raised around $90 million in total VC funding, from firms like 3i Group (24.4% stake), Tudor Investment Corp. (14.7%), Flagship Ventures (14.3%), VantagePoint Venture Partners (10%), Sherbrooke Partners (9.2%), Alta Partners (8.9%), CB Health Ventures (7.4%), Posco BioVentures and Sagamore Bioventures.
3 min read · 04 March 2010
