Highway 12 Ventures

Bessemer Venture Partners led a $21 million Series B round for Boulder, Colo.-based SendGrid, which makes a cloud-based platform for email deliverability. Existing investors Foundry Group, Highway 12 Ventures, SoftTechVC, 500 Startups and Bullet Time Ventures also participated. The money will help bolster the company’s staff and continue development efforts.

Boise, Idaho-based Balihoo, a provider of local marketing automation software, has raised $5 million from OpenView Venture Partners and Highway 12 Ventures. Both firms are existing investors in Balihoo. The company previously raised /48356/balihoo-raises-7-million/ more than $12 million from investors.

TechMediaNetwork Inc., a media company focused on news and reviews about technology and science issues, has raised $33 million in Series B financing. Investors include ABS Capital Partners, Village Ventures and Highway 12 Ventures. The money will go toward potential acquisitions and expansion efforts. As a result of the financing, ABS Capital General Partner Ralph Terkowitz and Principal Paul Mariani will join the company’s board.

Alliance Health Networks, a developer of condition-specific social networks, has raised $11 million from investors including New World Ventures, Physic Ventures, Highway 12 Ventures and Epic Ventures. New World led the round, which will be used for development and expansion of its platforms, as well as growth of its mobile platform. Morgan Keegan served as financial advisor to Alliance Health Networks.

Colorado-based publishing network Lijit scored a $10 million funding round from investors including new investor Highway 12 Ventures and includes existing investors Foundry Group, Boulder Ventures and Colorado Fund I, managed by High Country Venture. Specifics on the transaction were not publicized.

CradlePoint Technology said Tuesday that it has closed a $7.5 million Series B venture round of funding. OVP Venture Partners led the round which also included current investor Highway 12 Ventures. Boise, Idaho-based CradlePoint makes cellular routers and software platforms for 3G and 4G mobile broadband networks.

Digital content and commerce company Purch has named Andy Goldstein as chief financial officer. Previously, Goldstein was executive vice president and CFO of the New Jersey Devils, Philadelphia 76ers and the Prudential Center Arena. Purch's backers include Canso Investment Counsel, ABS Capital Partners and Highway 12 Ventures.

Finding financing in Idaho can be difficult, like hunting for elk in the mountains. Tsheets founder Matt Rissell has achieved both

Purch, a U.S. integrated digital content and commerce company, has secured US$135 million in a Series C private equity and debt financing round led by Canso Investment Counsel, a Canadian investment management firm with digital and media holdings. RBC Capital Markets acted as the placement agent for the financing. Purch, which was founded in 2003, said the proceeds of the deal will be used for strategic acquisitions to support the company's organic growth. Headquartered in Ogden, Utah, Purch is also backed by U.S. venture capital firms ABS Capital Partners, Highway 12 Ventures and other investors. Canso is based in Richmond Hill, Ontario.

Utah-based small business lending marketplace Lendio has secured $20.5 million in funding. The investors were Napier Park's Financial Partners Group, Blumberg Capital, North Hill Ventures, Pivot Investment Partners and previous backers Tribeca Venture Partners, Runa Capital and Highway 12 Ventures. In conjunction with the funding, Dan Kittredge, managing director at Napier Park, and Chris Gottschalk, principal at Blumberg Capital, have been appointed to Lendio's board of directors.

Boulder-based email delivery platform SendGrid has received over $20 million in Series C funding. The investors were Bain Capital Ventures, Bessemer Venture Partners and Foundry Group.

On-demand market research provider GutCheck has raised a $4 million round of financing led by Icon Venture Partners and including existing investors. Details of the financing weren't disclosed, but the funding was an up round. The Denver-based company has now raised $10 million in total funding, including a $4 million Series B round last year /2013/06/gutcheck-raises-4-mln/ from Grotech Ventures, Crawley Ventures, Highway 12 Ventures and Village Ventures. As part of the recent deal, Jeff Hinck, general partner of Icon, has joined the board.