Silver Spring Networks, a Redwood City, Calif.-based provider of smart grid technology solutions, has raised $75 million in new VC funding. Kleiner Perkins Caufield & Byers led the round, and was joined by return backers Foundation Capital, JVB Properties and Northgate Capital. A portion of the $75 million has been reserved for “strategic partners.” The company had previously raised over $90 million.
3 min read · 07 October 2008
John Dearborn and Cathy Belk have joined JumpStart, a venture development group in Northeast Ohio, as chief development officer and chief marketing officer, respectively. Dearborn previously was CEO of 3Guppies Inc., a Seattle-based mobile social networking company. Belk had served in a variety of roles with American Greetings.
3 min read · 07 October 2008
Convergys Corp. (NYSE: CVG) has acquired Ceon Corp., a Redwood City, Calif.-based provider of product lifecycle management and fulfillment software for communications service providers. No financial terms were disclosed. Ceon had raised over $125 million in VC funding since 1998, including a 2003 recap. Selling shareholders included Accel Partners, Needham Asset Management and Sutter Hill Ventures.
4 min read · 07 October 2008
1 min read · 07 October 2008
Appssavvy, a New York-based direct sales team for social media applications, has raised $3.1 million in Series A funding. True Ventures led the round, and was joined by About.com founder Scott Kurnit.
4 min read · 07 October 2008
Nexeon MedSystems Inc., a Charleston, West Va.-based developer of coronary stent systems, has raised $24 million in Series A funding. Backers include SurModics, Guidant Corp. and undisclosed private investors.
3 min read · 07 October 2008
Newgen Software Technologies Ltd., a New Delhi-based provider of enterprise content management and business process management software, has raised an undisclosed amount of VC funding from SAP Ventures.
3 min read · 07 October 2008
Spectrum K12 School Solutions Inc., a Towson, Md.-based provider of special education and IEP management software, has raised $7.4 million in Series C funding. Backers include Novak Biddle Venture Partners, Capital Trust Ventures, Comerica Bank and MMV Financial Inc. The company had previously raised around $42 million from Novak Biddle, Updata Partners and Warburg Pincus.
4 min read · 07 October 2008
Christopher Cooke is joining Greenhill & Co. as a managing director in the firm’s fund placement group. He previously was part of the fundraising and IR team of UK hedge fund CQS, and before that was a managing director in Lehman Brothers’ fund placement group.
2 min read · 07 October 2008
Irena Melnikova has joined TVM Capital as a Boston-based senior associate on the firm’s life sciences team. She previously was part of the biopharma I-banking team at Leerink Swann.
3 min read · 07 October 2008
