Akademos Inc., a Norwalk, Conn.-based operator of an online textbook exchange, has raised $2.5 million in first-round funding, from firms like Kohlberg Ventures.
3 min read · 10 August 2009
Zynga, a San Francisco-based social gaming company, has acquired MyMiniLife Inc., a social networking site that lets users build and decorate environments. No financial terms were disclosed. Zynga has raised around $45 million in VC funding from firms like Kleiner Perkins Caufield & Byers, Institutional Venture Partners, Avalon Ventures, Foundry Group and Union Square Ventures.
1 min read · 09 August 2009
Symwave Inc., a Laguna Nigel, Calif.-based chipmaker focused on “sync-and-go” applications, has raised $4 million from SMSC (Nasdaq: SMSC), as part of a strategic partnership. The company previously raised around $25 million in VC funding, including a $10.18 million Series C extension late last year at a pre-money valuation of around $27.6 million. Participants on that deal included CMEA Capital and Kodiak Venture Partners.
3 min read · 09 August 2009
Versata Enterprises Inc., an enterprise software subsidiary of Trilogy Inc., has acquired Everest Software Inc., a Dulles, Va.-based provider of a business operating system for small and mid-sized businesses. No financial terms were disclosed. Everest Software has raised around $20 million in VC funding, from firms like Boulder Ventures, New Vantage Group, Updata Partners and Sierra Ventures.
4 min read · 09 August 2009
2 min read · 09 August 2009
1 min read · 09 August 2009
Paymetric Inc., an Atlanta-based provider of enterprise payment acceptance solutions, has raised $8 million in Series B funding. Palomar Ventures led the deal with a $5 million investment, and was joined by return backer Austin Ventures.
2 min read · 09 August 2009
Tesla Motors, a -San Carlos, Calif.-based maker of electric sports cars, said Friday that it achieved overall profitablity in July, with approximately $1 million of earnings on $20 million of revenue. The company has raised over $90 million in VC funding since 2006, from firms like DFJ, Compass Technology Partners, JPMorgan Partners, Technology Partners, Valor Equity Partners, Westly Group and VantagePoint Venture Partners.
4 min read · 09 August 2009
Acetylon Pharmaceuticals Inc., a Cambridge, Mass.-based developer of HDAC inhibitor drug candidates, has raised $7.25 million in Series A funding. No investors were named, although VentureWire reports that the capital came from Kraft Group and individual angels.
6 min read · 07 August 2009
PacificSource Health Plans has acquired Primary Health Inc., a Boise, Idaho-based health insurance provider. No financial terms were disclosed. Primary Health had raised around $41 million in VC funding between 1995 and 2000, from firms like Accel Partners, Capstone Ventures, Carlyle Venture Partners, Coleman Swenson Booth, JPMorgan Capital, New Enterprise Associates, Piper Jaffray Ventures and SightLine Partners.
3 min read · 07 August 2009
