Spark Capital has launched a seed funding program called Start@Spark. The program will be focused on media, IT and communications entrepreneurs in the Boston and New York areas, with initial investments of up to $250,000.
3 min read · 25 March 2009
TouchTunes Corp., a provider of out-of-home interactive entertainment networks in North America, has agreed to go public via a reverse merger with Victory Acquisition Corp. (AMEX: VRY), a special purpose acquisition company. The deal is valued at approximately $330 million, plus the assumption of $40 million in TouchTunes debt. TouchTunes is controlled by VantagePoint Venture Partners.
4 min read · 25 March 2009
GoViral, a Copenhagen-based distributor of branded video content, has raised €6.5 million from Kennet Partners.
2 min read · 25 March 2009
GrubHub, an online service for ordering restaurant takeout and delivery meals, has raised $2 million in Series B funding. Origin Ventures and Leo Capital co-led the round, and were joined by return backer Amicus Capital. The Chicago-based company will use the capital to expand its services to Boston, San Francisco and New York City. www.grubhub.com
1 min read · 25 March 2009
BiOptix Diagnostics Inc., a Boulder, Colo.-based developer of a biomolecule detection system, has raised $3 million in Series A funding. Boulder Ventures led the round, and was joined by individual angels.
2 min read · 25 March 2009
Ascenta Health Ltd., a Halifax, Nova Scotia-based maker of omega-3 fish oil supplements, has raised C$4 million in funding from Avrio Ventures.
2 min read · 25 March 2009
NeoVista Inc., a Fremont, Calif.-based ophthalmic device company focused on the treatment of age-related macular degeneration, has raised $18 million in Series D funding. Return backers included Essex Woodlands Health Ventures, MPM Capital and return backers Versant Ventures, SV Life Sciences, The Carlyle Group and Accuitive Medical Ventures. NeoVista raised a $41 million Series C round in late 2006.
3 min read · 25 March 2009
Extreme Reach Inc., a Needham, Mass.-based provider of a video advertising management platform, has raised an undisclosed amount of new VC funding. Greycroft Partners led the round, and was joined by return backers Long River Ventures and Village Ventures.
3 min read · 25 March 2009
CoolIT Systems, a Calgary-based provider of electronics cooling solutions, has raised C$6.2 million in VC funding. iNova Capital led the round, and was joined by AVAC Ltd. and returning angels.
3 min read · 25 March 2009
Xobni Corp., a San Francisco-based provider of email analytics software, has raised over $3 million in additional Series B funding from the BlackBerry Partners Fund. The company previously announced a $7 million first close from Cisco Systems, Khosla Ventures, First Round Capital, Baseline Ventures and Atomico.
3 min read · 25 March 2009
