VCJ Staff

Newegg Files for $175 Million IPO

India's Continental Warehousing Raises $16 Million

Continental Warehousing Corp., an Indian provider of container logistics and warehouse management, has raised $16 million from Aureos Capital and ePlanet Ventures.

Biofuel Maker LS9 Raises $25 Million

LS9 Inc., a San Carlos, Calif.-based developer of hydrocarbon biofuels and chemicals, has raised $25 million in third-round funding. CTTV Investments, the VC arm of Chevron Technology Ventures, led the round. Return backers include Lightspeed Venture Partners, Flagship Ventures and Khosla Ventures. The company previously raised around $20 million.

FMC Buying Direct Drive Systems for $120 Million

FMC Technologies (NYSE: FTI) has agreed to acquire Direct Drive Systems, a Cerritos, Calif.-based provider of permanent magnet motors and bearings for the oil and gas industry. The deal is valued at approximately $120 million, and is expected to close next quarter. Direct Drive raised $12 million in early 2008 from firms like Energy Ventures and BankInvest.

YellowBrix Buys Screaming Media from Dow Jones

YellowBrix Inc., an Alexandria, Va.-based provider targeted business news and information, has acquired Screaming Media from Dow Jones & Co. No financial terms were disclosed. Screaming Media provides syndicated general and business news to Internet and wireless services. YellowBrix raised around $32 million between 1997 and 2002, from firms like ABN Amro, Holland Ventures, Prime Technology Ventures, Triad Media Ventures and TowerBrook Capital Partners.

Sabse Technologies Buys MobiVox

Sabse Technologies Inc., a Mountain View, Calif.-based provider of VoIP services, has acquired MobiVox, a Montreal-based company that offers free international phone calling from any phone (mobile, landline, etc.). No financial terms were disclosed. MobiVox had raised an $11 million Series A round from Flybridge Cpaital Partners, IDG Ventures China, IDG Ventures Vietnam, Brightspark Ventures and Skypoint Capital Corp.

Agendia Raises $23 Million

Agendia BV, a Dutch developer of molecular cancer diagnostics, has raised $23 million in Series E funding. An undisclosed family office led the round, and was joined by return backers ING, Van Herk Biotech, Gilde Healthcare Partners and Global Life Science Ventures. The company raised a $34 million fourth round in 2007, and has not disclosed financial information on its prior fundings.

Dynamics Raises $5.7 Million

Dynamics Inc., a Pittsburgh-based payment card startup, has raised $5.7 million in Series A funding. Adams Capital Management led the round, with firm founder Joel Adams joining the Dynamics board of directors.

Intel Capital Backs TransGaming

TransGaming Inc. (TSX-V: TNG), a provider of software portability products that facilitate the deployment of games across multiple platforms, has raised an undisclosed amount of equity funding from Intel Capital. The investment is part of a larger strategic collaboration between TransGaming and Intel Corp.

Certify Raises $1.9 Million

Certify LLC, a Portland, Maine-based provider of employee expense management software to the SMB market, has raised $1.9 million in angel funding. Backers include Esther Dyson, Irving Levin and former TD BankNorth CEO William Ryan.