SugarCRM Inc, a customer relations management company based in Cupertino, California, acquired the intellectual property rights and other assets of Contastic, a natural language processing (NLP) platform. SugarCRM is backed by Goldman Sachs, Draper Fisher Jurvetson, New Enterprise Associates and Walden International.
2 min read · 03 March 2016
RNTS Media NV, the parent company of Fyber GmbH, an advertising technology platform, agreed to buy Israel-based Inneractive Ltd, a mobile real-time bidding ad exchange. RNTS will pay $46 million in cash plus up to $26 million upon achievement of growth targets over the next three years. Inneractive is backed by Evergreen Venture Partners.
5 min read · 03 March 2016
Wrap Media LLC raised an additional $4 million in funding from Tokyo-based Dream Incubator to grow its presence throughout Japan and Asia. The funding is in addition to Dream Incubator's participation in Wrap's $12.7 million Series B round in September. To date, the company has raised a total of $25.2 million. Based in San Francisco, Wrap offers a mobile storytelling and commerce platform.
3 min read · 03 March 2016
Prosper Marketplace named David Kimball as chief financial officer. Kimball will start at the company in mid-March. He is currently senior financial officer in the chief operating office at USAA, where he has worked for nine years. Prior to USAA, Kimball was an executive at Ford Motor Co.
3 min read · 03 March 2016
Fe3 Medical, a San Antonio, Texas-based company developing a transdermal patch that delivers iron for patients suffering from iron-deficiency anemia, closed an $11 million Series B financing round led by Jianmin Pharmaceuticals, HG Capital and PingAn Ventures. Existing investor InCube Ventures also participated in the round. Fe3 was spun out of InCube Labs, an incubator for medical and technology companies.
4 min read · 03 March 2016
Los Angeles-based Oro raised $12 million in funding from Highland Europe. The company had been bootstrapped prior to the investment. Oro is a provider of open-source business platforms focusing on customer relations management and business-to-business e-commerce. Tony Zappala, a partner at Highland Europe, will join Oro’s board.
3 min read · 03 March 2016
Israel-based iAngels, an angel investing network that grants private investors access to early-stage technology companies alongside angels and venture funds, a raised $14 million Series B funding round led by Alex Waislitz of Thorney Investment Group. Since launching in 2014, iAngels has invested in 40 companies and produced two exits.
3 min read · 03 March 2016
LTG Exam Platform raised a $5.325 million Series A round of funding led by Square Peg Capital with participation from Atlas Venture and strategic individual investors. Based in Boston, LTG develops mobile apps for standardized test preparation.
3 min read · 03 March 2016
Estonia-based Jobbatical, a platform that connects jobseekers who want to travel to tech gigs abroad, raised $2 million in a financing round led by Union Square Ventures and LocalGlobe. Existing investor Smartcap also participated.
3 min read · 03 March 2016
Japanese mobile gaming company COLOPL invested in California-based Zwift, a maker of immersive indoor cycling software. Financial terms of the investment were not disclosed. COLOPL recently established a $50 million fund to support virtual reality companies.
2 min read · 02 March 2016
