Fynanaz Inc., a New York-based provider of private student lending platforms, has raised $6.5 million in Series A funding. Draper Fisher Jurvetson and DFJ Gotham co-led the round, and were joined by Brazos Group, Zelkova Ventures and JBR Media Ventures.
4 min read · 02 February 2010
Vivox Inc., a Framingham, Mass.-based provider of VoIP services for online games and virtual worlds, has raised $6.8 million in Series C funding. IDG Ventures San Francisco led the round, and was joined by return backers Benchmark Capital, Canaan Partners and GrandBanks Capital. Vivox previously raised around $13.8 million.
5 min read · 02 February 2010
UStream, a Mountain View, Calif.-based provider of an interactive video broadcast platform, has raised $20 million in Series B funding from Softbank, at a post-money valuation of approximately $145 million. Softbank also has the option to invest another $55 million, while UStream says it plans to expand the round via "pending" commitments from other investors in Asia and the U.S. Ustream previously raised over $11 million from DCM Capital and Band of Angels.
3 min read · 02 February 2010
Bessemer Venture Partners has made three promotions: Vishal Gupta (Mumbai) has been named managing director; Alex Ferrara (Larchmont, NY) has been named partner; and Umesh Padval (Menlo Park) has been named partner.
2 min read · 01 February 2010
Life Technologies Corp. (Nasdaq: LIFE) has completed its previously-announced acquisition of AcroMetrix, a Benicia, Calif.-based provider of controls and standards for molecular diagnostics tests. No financial terms were disclosed. AcroMetrix has raised a small amount of VC funding from Telegraph Hill Partners, and was advised on the sale by Covington Associates.
2 min read · 01 February 2010
BioBehavioral Diagnostics Co., a Westford, Mass.-based developer of a diagnostic system for measuring the core components of Attention Deficit Hyperactivity Disorder (ADHD), has held a first close on a $10 million Series B round. Return backers include Sevin Rosen Funds and Tullis-Dickerson. The company previously raised $8.5 million.
2 min read · 01 February 2010
BlueKai, a Seattle-based online intent data exchange, has raised $21 million in Series C funding. GGV Capital led the round, and was joined by return backers Battery Ventures and Redpoint Ventures. The company previously raised just under $14 million.
4 min read · 01 February 2010
Avvasi, an Waterloo, Ontario-based provider of mobile video monetization solutions, has raised C$15 million in Series B funding. Celtic House Venture Partners and Tech Capital Partners co-led the round, and were joined by the Ontario Emerging Technologies Fund.
3 min read · 01 February 2010
Yodle Inc., a New York-based provider of local online advertising and lead generation, has raised $10 million in Series D funding. JAFCO Ventures led the round, and was joined by return backers Bessemer Venture Partners, Draper Fisher Jurvetson, Draper Fisher Jurvetson Growth and MentorTech Ventures. The company previously raised around $28 million.
4 min read · 01 February 2010
Dot Hill Systems Corp. (Nasdaq: HILL) has completed its previously-announced acquisition of Cloverleaf Communications Inc., a Southborough, Mass.-based developer of heterogeneous storage virtualization and unified storage technologies. The deal was valued at around $12 million, including $2.5 million in cash. Cloverleaf had raised nearly $15 million in VC funding from firms like Genesis Partners, BancBoston Ventures and Hyperion Partners.
3 min read · 01 February 2010
