Medialets, a New York-based ad technology platform for mobile applications, has raised $4 million in Series A funding. Foundry Group led the round, and was joined by DFJ Gotham and angel investor Bobby Yazdani.
5 min read · 12 May 2009
4 min read · 12 May 2009
OLX Inc., a Craigslist clone that focuses on free online classifieds focused on markets outside the U.S., has raised $5 million in third-round funding from Nexus India Capital. It had previously raised $23.5 million from General Catalyst Partners, Bessemer Venture Partners, Founders Fund and DN Capital. www.olx.com
3 min read · 12 May 2009
Sustainable Energy Technologies Ltd. (TSX: STG), a Calgary, Alberta-based developer of solar inverter technology, has raised a minimum of C$7.6 million of new funding led by Doughty Hanson. www.sustainableenergy.com
1 min read · 12 May 2009
Velti (LSE:VEL) has acquired Ad Infuse, a San Francisco-based provider of personalized mobile advertising solutions. No financial terms were disclosed. Ad Infuse had raised around $18 million in VC funding, from firms like Storm Ventures, Velocity Interactive Group (f.k.a. ComVentures) and SoftBank Capital.
4 min read · 12 May 2009
iYogi Inc., an India-based provider of remote technical support services, has acquired Clean Machine Inc., a Far Hills, N.J.-based provider of remotely administered PC security and performance management services. No financial terms were disclosed. iYogi has raised $12.6 million in VC funding from Canaan Partners, SAP Ventures and SVB India Capital.
2 min read · 12 May 2009
Positron Inc. has acquired Aktino Inc., an Irvine, Calif.-based provider of carrier Ethernet and broadband services over bonded copper. No financial terms were disclosed. Aktino had raised over $43 million in VC funding, from firms like Crosspoint Venture Partners, InnoCal Venture Capital, Foundation Capital, Silver Creek Ventures and Miramar Venture Partners.
3 min read · 12 May 2009
HauteLook, a members-only online shopping club, has raised $10 million in the first tranche of a funding round led by Insight Venture Partners. Insight managing director Jeff Lieberman will join the HauteLook board of directors.
2 min read · 12 May 2009
PlexPress, a Los Altos, Calif.-based developer of gene expression analysis technology, has raised $2.75 million in seed funding from Conor Technology Fund I, Veraventure, Helsinki University Fund and VTT.
3 min read · 12 May 2009
NovImmune SA, a Geneva, Switzerland-based drug company focused on immune-related diseases, inflammation and organ transplantation, has raised CHF 62.5 million (USD 54.8 million) in third-round funding. BZ Bank Aktiengesellschaft led the financing, which NovImmune will use to regain control of its two lead compounds from MerckSerono, which a NovImmune representative says is "undergoing restructuring and refocusing of it pipeline strategy."
3 min read · 12 May 2009
