4 min read · 03 December 2009
4 min read · 03 December 2009
Leader Ventures, has provided a $4 million term loan to DriveCam, a company which helps driver reduce risky driving habits. The San Diego-based company has previously secured more than $65 million in venture backing from Triangle Peak Partners Menlo Ventures, JMI Equity, Insight Venture Partners and Integral Capital Partners.
2 min read · 02 December 2009
Expresso Fitness, a bankrupt stationary bike maker, has agreed to sell its assets to Interactive Fitness Holdings. The company had received at least $44 million in venture backing from Sierra Ventures, Enterprise Partners and Physic Ventures.
3 min read · 02 December 2009
2 min read · 02 December 2009
Canaan Partners appointed Tim Shannon, M.D., to venture partner. Dr. Shannon was most recently president and chief executive officer at CuraGen Corporation, a publicly-held biopharmaceutical company focused on oncology.
3 min read · 02 December 2009
Ansca Mobile, Palo Alto, Calif.-based maker of an iPhone apps creation software has received $1 million in backing from Merus Capital, a venture capital fund founded by ex-Google and ex-Microsoft executives.
2 min read · 02 December 2009
Xirrus, Inc., a Wi-Fi device maker based in Thousand Oaks, Calif., has secured an additional $20 million in a financing round led by InterWest Partners. This financing round brings the total investment in the company to $80 million. The financing is anticipated to be the last round of private funding Xirrus will require, the company said.
3 min read · 02 December 2009
Bizo, a business-to-business advertising platform based in San Francisco, has raised $6 million in venture financing in a round led by Bessemer Venture Partners. Existing investors Bessemer Venture Partners, Vulcan Capital and Ascent Venture Partners also participated.
4 min read · 02 December 2009
1 min read · 02 December 2009
