Private Equity
MTM Laboratories, a German maker of in-vitro devices for early detection and diagnosis of cervical cancer, has raised €7 million in additional Series C financing. This is the second time MTM has expanded the round, bringing it up to €39 million. Gilde Healthcare Partners co-led the new tranche, and was joined by return backers HBM BioVentures, HBM BioCapital, Wellington Partners, Mannheim Holdings, Heidelberg Innovation and Nexus Medical Partners. The company's prior extension was led by Kuwait Investment Authority.
3 min read · 05 October 2009
Peraso Technologies Inc., a Toronto-based developer of multi-gigabit mmWave transceivers, has raised C$10 million in Series A funding. Backers include Celtic House Venture Partners, iNovia Capital and VentureLink Funds.
3 min read · 05 October 2009
1 min read · 05 October 2009
Causata, a San Francisco-based provider of software for optimizing customer experience and business results, has raised $4.5 million in Series A funding from Accel Partners. The round closed back in April, according to a regulatory filing. Causata founder Paul Philllips previously founded TouchClarity, which was sold to Omniture for $48.5 million in 2007.
4 min read · 05 October 2009
1 min read · 05 October 2009
1 min read · 02 October 2009
1 min read · 02 October 2009
Xiotech Corp., an Eden Prairie, Minn.-based provider of data storage and business continuity solutions, has raised $10 million in new equity funding and $10 million in new debt funding. No investor information was disclosed. The company previously raised over $160 million in VC funding, including a 2002 recap led by Oak Investment Partners. In other Xiotech news, the company has named former EMC executive Alan Atkinson as its new CEO.
3 min read · 02 October 2009
1 min read · 02 October 2009
Yext, a New York-based local Internet advertising company, has raised $25 million in new VC funding. Institutional Venture Partners led the round, and was joined by return backer Sutter Hill Ventures.
3 min read · 02 October 2009
