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Desire2Learn COO named first independent director of Thalmic LabsDennis Kavelman, COO of Desire2Learn Inc, a portfolio company /canada/2013/04/22/the-growth-desire2learn-with-and-without-venture-capital/ of New Enterprise Associates and OMERS Ventures, has been appointed the first independent director of Thalmic Labs Inc. Kavelman, who is the former CFO and Co-COO of BlackBerry Ltd, joins the board alongside Stephen Lake, the company's CEO and co-founder, and Nabeel Hyatt, venture partner at Spark Capital. Based in Kitchener, Ontario, Thalmic Labs is a developer of gesture control and wearable technology. In June 2013, the company closed /canada/2013/06/05/thalmic-labs-scores-14-5m-series-a-financing/ a $14.5 million Series A financing round led by Spark Capital and Intel Capital.
- Monster buys VC-backed TalentBin and Gozaik
Monster Worldwide has acquired TalentBin and Gozaik. No financial terms were disclosed for either transaction. Based in San Francisco, TalentBin is a talent search engine while Gozaik, which is located in Boston, aggregates social job announcements and distributes targeted job ads across social channels. TalentBin's backers included SV Angel, FundersClub, First Round Capital, Charles Ventures, NEA and Lightbank.
- CIT GAP Funds back Encore
CIT GAP Funds has made an undisclosed investment in Encore. Based in Rosslyn, Virginia, Encore is a provider of social alerts to marketers.
- Mayfield closes second India fund
The Mayfield Fund has closed its second dedicated India fund with the equivalent of $108 million in commitments. The firm makes early-stage investments in India, targeting companies in the infrastructure sector, tech and tech-enabled services and the consumer middle class. Mayfield raised $111 million for its first India fund in 2008. However, Managing Director Navin Chaddha told peHUB that because the rupee has depreciated in value over the years, the rupee-denominated second India fund is actually 25% larger than its predecessor.
Aurinia nets $52 mln to develop treatment for lupus nephritisAurinia Pharmaceuticals Inc (TSX-V: AUP) has completed a US$52 million private placement. The deal was led by venBio, New Enterprise Associates, Redmile Group, RA Capital Management, Great Point Partners and Apple Tree Partners, with the participation of existing investors Lumira Capital, ILJIN Life Science and Difference Capital. Lumira, Difference Capital and ILJIN in 2013 helped finance Aurinia's merger /canada/2013/09/24/isotechnika-aurinia-merger-completed-6-mln-investment/ with Isotechnika Pharma Inc. The Edmonton-based company intends to use the new funds for the clinical and non-clinical development of its lead drug candidate, a therapy for treating lupus nephritis. Aurinia's current leadership team includes former senior managers of Aspreva Pharmaceuticals Corp, which was acquired in 2008.
- Duolingo attracts $20 mln
Duolingo said Tuesday that it has raised $20 million in funding. Kleiner Perkins Caufield & Byers led the round. Based in Pittsburgh, Duolingo is a language learning platforms. Its backers include Union Square Ventures, NEA and actor Ashton Kutcher.
- VC-backed Aerohive Networks files for IPO
Aerohive Networks has filed for an IPO. The number of shares that will be offered as well as its pricing terms have yet to be set. Goldman Sachs and BofA Merrill Lynch are serving as the lead underwriters. Based in Sunnyvale, Calif., Aerohive Networks is a provider of enterprise Wi-Fi solutions. Its backers include Northern Light Venture Capital, Lightspeed Venture Partners, Kleiner Perkins Caufield & Byers, Four Rivers Group, Institutional Venture Partners and New Enterprise Associates.
- Insight Venture Partners leads $75 mln Series E round in Tintri
Insight Venture Partners has led a $75 million Series E funding round for Tintri, a producer of storage for virtualization and cloud environments. Existing investors Lightspeed Venture Partners, Menlo Ventures and NEA participated in the funding round. The funding brings Tintri's total capital raised to $135 million. Jeff Horing, co-founder and managing director of Insight Venture Partners, has joined the Tintri board of directors.
- Tintri raises $75 mln in its run up to an IPO
Tintri, a provider of storage management technology for virtual machines, has raised a $75 million Series E round of funding led by Insight Venture Partners. Existing investors Lightspeed Venture Partners, Menlo Ventures and New Enterprise Associates also participated. The Mountain View, Calif.-based company has now raised $135 million in total funding since it was founded in 2008. As part of the new funding, Jeff Horing of Insight Venture Partners, has joined the board of directors.
- Welltok attracts $22.1 mln in Series C funds
Welltok, a Denver-based health optimization company, said Wednesday that it has closed $22.1 million in Series C funding. New Enterprise Associates led the round with participation from IBM, Qualcomm Ventures, Emergence Capital Partners, InterWest Partners, Miramar Venture Partners and Okapi Venture Capital.