1 min read · 10 June 2009
Natural Convergence Inc., an Ottawa-based provider of hosted VoIP software applications, has acquired NewStep Networks Inc., a Toronto-based provider of session management convergence solutions for carriers and enterprises. No financial terms were disclosed. Natural Convergence has raised VC funding from firms like VIMAC Ventures, Jefferson Partners, BDC Venture Capital, Dejardins, Primaxis, WesleyClover and PurpleAngel. NewStep had raised VC funding from firms like VenGrowth Private Equity Partners, BDC Venture Capital and Newbury Ventures.
3 min read · 09 June 2009
Motally, a San Francisco-based developer of a mobile analytics platform, has raised an undisclosed around of Series A funding. BlueRun Ventures led the round, and was joined by angel investor Ron Conway.
2 min read · 09 June 2009
NanoString Technologies, a Seattle-based developer of expression profiling technologies, has raised $30 million in Series C funding. Clarus Ventures led the round, which is broken out into two tranches. Return backers include OVP Venture Partners and Draper Fisher Jurvetson.
3 min read · 09 June 2009
Solazyme Inc., a South San Francisco, Calif.-based developer of biofuels through the use of microalgae, has closed its Series C round with $57 million in capital commitments. Braemar Energy Ventures and Lightspeed Venture Partners co-led the round, and were joined by VantagePoint Venture Partners and return backers like The Roda Group and Harris & Harris Group. The companyhas now raised over $76 million in total VC funding.
4 min read · 09 June 2009
Cellcrypt, a London-based provider of secure mobile voice solutions, has raised an undisclosed amount of new VC funding. Backers include Notion Capital,which was formed by founders and senior executives of MessageLabs (sold to Symantec in 2008 for $695 million).
3 min read · 09 June 2009
Silicon Clocks, a Fremont, Calif.-based provider of integrated timing solutions for electronic systems, has raised $10.3 million in Series C funding.Silicon Labs (NASDAQ: SLAB) was joined by return backers Charles River Ventures, Formative Ventures, Lux Capital and Tallwood Venture Capital.
4 min read · 09 June 2009
NextIO Inc., an Austin, Texas-based provider of I/O virtualization solutions, has raised $15 million in Series D funding. Return backers include Adams Capital Management, Crescendo Ventures, VentureTech Alliance and Dell. Some new "strategic investors" also participated. NextIO has now raised around $55 million in total VC funding since 2003.
3 min read · 08 June 2009
Inspire Medical Systems Inc., a Minneapolis-based developer of medical devices to treat obstructive sleep apnea, has raised $17 million in Series B funding. Synergy Life Science Partners led the round, and was joined by return backers Kleiner Perkins Caufield & Byers, Medtronic and U.S. Venture Partners.
3 min read · 08 June 2009
Wonga.com, a UK-based online provider of short-term cash advances, has raised $22.5 million in second-round funding. Accel Partners and Greylock Partners were joined by return backer Balderton Capital. The company had previously raised $6 million.
5 min read · 08 June 2009
