Alvenda Inc., a Minneapolis-based distributed commerce network that helps merchants sell through Facebook and other advertising media, has raised $5 million in Series A funding from Split Rock Partners.
3 min read · 25 January 2010
Better Place, a Palo Alto, Calif.-based provider of electric vehicle services, has raised $350 million in Series B funding at a $1.25 billion post-money valuation. HSBC Group led the round, and was joined by Morgan Stanley Investment Management, Lazard Asset Management and return backers Israel Corp., VantagePoint Venture Partners, Ofer Hi-Tech Holdings, Morgan Stanley Principal Investments and Maniv Energy Capital. Better Place previously raised $200 million in October 2007. The company plans to develop an electric car network that will lease out batteries that can be exchanged at its own charging stations by all-electric car owners
5 min read · 25 January 2010
Mimecast, a UK-based provider of SaaS-based enterprise email archiving, has raised £13 million in Series B funding from Index Ventures and Dawn Capital.
3 min read · 25 January 2010
1 min read · 23 January 2010
1 min read · 23 January 2010
Comet Solutions, an Albuquerque, N.M.-based provider of early simulation software for product development, has raised $2 million in Series B funding co-led by Athenian Venture Partners, Tri-State Growth Capital Fund and Kentucky Co-Investment Partners. Series A backers include Flywheel Ventures, Fort Washington Capital Partners Group, ITU Ventures and New Mexico Angels.
3 min read · 22 January 2010
1 min read · 22 January 2010
Hello Music, a developer of technology to connect independent musicians with music industry execs, because we believe that all great music deserves to be heard, has raised $4 million in VC funding from KVG Partners.
3 min read · 22 January 2010
Aircell, an Itasca, Ill.-based provider of in-flight WiFi access, has raised $176 million in new private equity funding. No investor information was disclosed. The company previously around $75 million, from firms like Sycamore Ventures, GE Commercial Finance, New World Equities, BGC Investments and Blumenstein Thorne Information Partners.
2 min read · 22 January 2010
2 min read · 22 January 2010
