Prime Technology Ventures has hit the €150 million target for its third fund, and says it is headed toward an undisclosed hard cap. The European venture firm also named two new partners: Jelto Kromwijk Smits, former CEO of Philips Incubator, and Joost Holleman, formerly with AlpInvest Partners.
2 min read · 23 January 2009
3 min read · 23 January 2009
Xactly Corp., a San Jose, Calif.-based provider of sales compensation and performance management software, has acquired Lowell, Mass.-based rival Centive Inc.. No pricing terms of the all-stock transaction were disclosed. Xactly has raised nearly $60 million in total VC funding since 2005, from firms like Alloy Ventures, Bay Partners, Cheyenne Ventures, Glynn Capital Management, Rembrandt Ventures, Outlook Ventures and Spinner Asset Management. Centive had raised over $96 million since 1998, from firms like Key Venture Partners, Growth Alley, Polaris Venture Partners, Tailwind Capital Partners and VSP Capital.
3 min read · 23 January 2009
Ask Sponsored Listings, a division of IAC (Nasdaq: IACI), has acquired Sendori, a Sunnyvale, Calif.-based company that drives online traffic from generic domains to specific Web advertisers. No financial terms were disclosed. Sendori had raised over $2 million in VC funding from firms like First Round Capital, Baseline Ventures, Maples Investments and Felices Ventures.
2 min read · 23 January 2009
DBV Technologies, a French developer of non-invasive epicutaneous diagnostics and immunotherapies for peanut allergies, has raised a €6 million in second-round funding. ALK-Abello was joined by return backer Sofinnova Partners.
3 min read · 23 January 2009
2 min read · 23 January 2009
4Info Inc., a Palo Alto, Calif.-based provider of mobile SMS advertising and publishing services,, has raised $20 million in sixth-round equity and debt funding. Peacock Equity and Gannett Inc. co-led the round, and were joined by fellow return backers U.S. Venture Partners, Draper Fisher Jurvetson, and Sand Hill Capital. The round’s only new investor was Selby Ventures. 4Info has now raised over $50 million in total VC funding.
3 min read · 22 January 2009
IMVU Inc., a Palo Alto, Calif.-based online destination where adults and teens meet new people in 3D, has raised $10 million in Series D funding. Best Buy Capital led the round, and was joined by return backers Menlo Ventures, Allegis Capital and Bridgescale Partners.
3 min read · 22 January 2009
Spark Capital has promoted Alex Finkelstein from principal to general partner. He has led the firm’s investments in 5min and 8D World.
3 min read · 22 January 2009
3 min read · 22 January 2009
