VCJ Staff

InXpo Raises $9 Million

InXpo, a Chicago-based provider of privately-branded virtual events and virtual business environments, has raised $9 million in Series A funding led by Highland Capital Partners.

Avere Systems Raises $15 Million

Avere Systems, a Pittsburgh-based provider of demand-driven enterprise storage solutions, has raised $15 million in Series A funding from Menlo Ventures and Norwest Venture Partners.

Verafin Raises C$5.5 Million

Verafin Inc., a St. John's, Newfoundland-based provider of anti-money laundering and fraud detection solutions for the financial services industry, has raised C$5.5 million in VC funding from RBC Venture Partners.

Soane Energy Raises First VC Round

Soane Energy LLC, a Cambridge, Mass.-based company focused on reducing the environmental impact of crude oil exploration and production, has raised an undisclosed amount of first-round funding. Intervale Capital led the round, and was joined by CTTV Investments. The company is founded by David Soane, and will initially focus on the oil sands of Alberta, Canada.

Symark Buys BeyondTrust, Changes Name

Symark International, an Agoura Hills, Calif.-based portfolio company of Insight Venture Partners, has acquired BeyondTrust, a -based provider of privilege management solutions for Windows platforms. The combined company will operate under the BeyondTrust brand. VentureWire pegs the deal value at approximately $30 million in cash and stock.

Ozmo Raises $7.5 Million

Ozmo Devices, a Palo Alto, Calif.-based provider of low-lower WiFi personal area network solutions, has raised $7.5 million in Series C funding. Return backers include Granite Ventures, Intel Capital and Tallwood Venture Capital. peHUB previously reported that the company had secured $3.75 million of a $10 million Series C round, based on a regulatory filing. Ozmo had previously raised around $25 million.

Tervela Raises $18 Million

Tervela Inc., a New York provider of appliance-based messaging technology, has raised $18 million in fourth-round funding. Return backers included Goldman Sachs, North Hill Ventures, Acartha Group and Sigma Partners. The company previously raised around $26 million.

Scott Chou Named Managing Director at Gabriel Venture Partners

Gabriel Venture Partners has promoted Scott Chou to managing director. He originally joined the firm in 2000, and has led such deals as STEP Labs, NextG Networks, Boston-Power and SkyCross.

Reports: Intuit Buying Mint for $170 Million

Alcon Buying EsbaTech for Up To $589 Million

Alcon (NYSE:ACL) has agreed to acquire EsbaTech AG, a Swiss developer of antibody fragment therapeutics. The deal includes a $150 million up-front cash payment and up to $439 million in milestone payments. EsbaTech has raised around $86 million in VC funding, from firms like SV Life Sciences, Clarus Ventures, HBM BioVentures, HBM BioCapital, Novartis Bioventures, BioMedinvest and VI Partners.