VCJ Staff

VC-Backed Bust: iKobo

Evolution Robotics Raises Series B Round

Evolution Robotics Inc., a Pasadena, Calif.-based robotics technology company, has raised $13.88 million in Series B funding. CMEA Ventures led the round, and was joined by return backers Idealab and Quercus Trust.

Molecular Biometrics Raises $12 Million

Molecular Biometrics Inc. has raised $12 million in Series A funding. Safeguard Scientifics and Oxford Bioscience Partners co-led the round. The Chester, N.J.-based company is developing a diagnostic procedure designed to help identify the most viable embryos with the greatest reproductive potential for in vitro fertilization. It will relocate to the Boston area early next year.

Report: ImageShack Raises $15 Million

3i Closing Menlo Park Office

3i Group announced that it will close its Menlo Park, Calif. office at year-end, “in light of its move away from new venture capital early stage technology investing.”

Second Rotation Raises $6 Million

Second Rotation, a Boston-based operator of online “recommerce” site Gazelle, has raised $6 million in Series B funding. RockPort Capital Partners led the round, and was joined by return backers Venrock Associates, Austin Ligon and Henry Vogel.

D.light Raises $6 Million

D.light Design, an India-based provider of affordable lighting solutions for families living without adequate electricity, has raised $6 million in Series A funding. Nexus India Capital led the round, and was joined by Draper Fisher Jurvetson, Garage Technology Ventures, the Mahindra Group, Acumen Fund and Gray Matters Capital.

Valeritas Secures $50 Million

AdMeld Gets VC Funding, New CEO

AdMeld Inc., a New York-based provider of online advertising optimization and integration, has raised around $7 million in Series A funding from Foundry Group and Spark Capital. It also has hired Michael Barrett as CEO. Barrett previously was with Fox Interactive Media as executive VP and chief revenue officer.

Manuel Rosso Joins Austin Ventures

Manuel Rosso has joined Austin Ventures as an entrepreneur-in-residence, with a focus on Internet marketing opportunities. He previously was VP of marketing for IMVU Inc., a B2C social media startup.