Scribd, a San Francisco-based social publishing company, has raised $9 million in Series B funding. Charles River Ventures led the round, and was joined by return backers Redpoint Ventures and Kinsey Hills Group. In other Scribd news, the company has named George Consagra, former COO of Bebo, as its president. It had raised a small Series A round in May 2007 at a post-money valuation of approximately $17.5 million. www.scribd.com
1 min read · 19 December 2008
SynthaSite, a San Francisco-based developer of a Web 2.0 publishing platform, has agreed to acquire Clickpass, an OpenID provider that offers authentication gateway solutions. Synthasite has raised $5 million in VC funding from Columbus Venture Capital, while Clickpass was backed by Ycombinator.
2 min read · 19 December 2008
Curetis AG, a Holzgerlingen, Germany-based molecular diagnostics company focused on severe infectious diseases, has raised €1.4 million in first-round funding from Aeris Capital. www.curetis.com
1 min read · 19 December 2008
Nolio Ltd., an Israel-based provider of data center applications service automation solutions, has raised $5 million in new VC funding. Cedar Fund led the round, and was joined by Blumberg Capital.
3 min read · 19 December 2008
Edan Instruments Inc., a Shenzhen, Chinese maker of medical equipment, has raised $10 million from Softbank China Venture Capital, Matrix Partners China and WI Harper Group. www.edan.com.cn
1 min read · 19 December 2008
Infusionsoft, a Gilbert, Ariz.-based maker of marketing automation software for small businesses, has raised $7.9 million in Series B funding. vSpring led the round, and was joined by return backer Mohr Davidow Ventures.
3 min read · 19 December 2008
Intersil Corp. (Nasdaq: ISIL) has agreed to acquire Zilker Labs Inc., an Austin, Texas-based maker of power conversion ICs. No financial terms were disclosed. Zilker had raised around $33 million in VC funding since 2003, from firms like H.I.G. Ventures, North Bridge Venture Partners and Sevin Rosen Funds.
3 min read · 19 December 2008
FTVentures has changed its name to FTV Capital.
1 min read · 19 December 2008
Overture Technologies, a Bethesda, Md.-based provider of decisioning software solutions for mortgage and educational lending, has raised $6 million in Series C funding. Capital Trust Ventures led the round, and was joined by return backers CNF Investments and New Markets Growth Fund.
3 min read · 18 December 2008
Axeda, a Foxboro, Mass.-based provider of on-demand remote service software, has acquired Questra Corp. of Redwood City, California. No financial terms were disclosed. JMI Equity formed Axeda in 2005 by acquiring the DRM business of ITA Holdings. Questra had raised over $52 million from Menlo Ventures, SAP Ventures and Trident Capital.
2 min read · 18 December 2008
