Layar BV, a Dutch augmented reality startup, has raised €2.5 million in Series A funding from Prime Technology Ventures and Sunstone Capital. www.layar.com
1 min read · 16 February 2010
IBM has acquired Intelliden Inc., a Menlo Park, Calif.-based provider of standards-based network automation solutions. No financial terms were disclosed. Intelliden has raised around $68.5 million in total VC funding since its 2000 inception, from firms like 3i Group, GGV Capital, Matrix Partners, TELUS Ventures and Westbury Partners.
3 min read · 16 February 2010
IdeaPaint, a Cambridge, Mass.-based maker of dry-erase paint solutions, has raised $3.3 million in second-round funding. Todd Krasnow, a former Staples executive who now serves as a marketing domain expert for Highland Consumer Fund, participated as an individual angel. IdeaPaint previously raised $5 million from Breakaway Ventures.
2 min read · 16 February 2010
Bruce Pasternack has joined Venrock as an operating partner, with a focus on the venture firm's energy portfolio. He previously was a principal with CMEA Capital.
2 min read · 16 February 2010
TVM Capital has launched a Shari’a-compliant growth equity fund focused on healthcare companies in the MENA region. It already has $40 million in founding commitments from Saudi Health Investment Co. (SHIC), the International Finance Corporation (IFC) and GE Healthcare. The fund is led by managing director Marios Fotiadis, who previously was a general partner with TVM in Munich and Boston. Other investment pros include Youssef Haidar, formerly managing director with Unifund Capital.
6 min read · 16 February 2010
MAMA Sustainable Incubation AG, a new greentech incubator based in Berlin, Germany, has received a strategic investment from 3M. No financial terms were disclosed.
2 min read · 16 February 2010
Viewfinity, a Waltham, Mass.-based provider of systems and privilege management via cloud computing, has raised $9.1 million in Series B funding. Backers include Giza Venture Capital, JK&B Capital and Longworth Venture Partners.
3 min read · 16 February 2010
TagMan, a provider of one-tag/pixel solutions for online campaign tracking, has raised $1.3 million in first-round funding. The round was co-led by Cambridge Angels and the London Business School E100. TagMan has offices in London and New York.
5 min read · 16 February 2010
ProVision Communications, a UK-based developer of wireless HDTV technology, has raised £1 million in new VC funding led by return backer The YFM Group (managed by South West Ventures Fund).
3 min read · 15 February 2010
Cuculus GmbH, a German provider of smart metering solutions to utility customers, has raised €2.6 million in VC funding. Yellow&Blue Investment Management led the round, and was joined by KfW and return backers High-Tech Gruenderfonds, SIEGMUND Beteiligungsgesellschaft and company management.
2 min read · 12 February 2010
