Pivot3 Closes $23M Round
Pivot3 Inc., a maker of unified storage and compute appliances, has raised $23 million in new equity financing, the company announced Wednesday. The round was led by Samsung Ventures, and included participation from all existing investors: Focus Ventures, InterWest Partners, Lightspeed Venture Partners, Mesirow Financial, Northleaf Capital Partners and Silver Creek Ventures. Pivot3 was formed...
Safeguard Scientifics Leads Round for Spongecell
Safeguard Scientifics Inc. led a Series B round for New York City-based advertising technology company Spongecell Inc. Terms of the round were not released. Spongecell said it would use the funding for continued expansion, product development, sales and marketing, staff expansion and working capital. PRESS RELEASE Safeguard Scientifics, Inc. (NYSE: SFE), a holding company that...
Capital Access Network Seals $30M
Capital Access Network Inc. has raised $30 million from Accel Partners, the company announced Tuesday. As a result, Accel partner Kevin Efrusy will the company’s board, and Accel vice president John Locke will join as an observer. Capital Access, based in New York, provides “Daily Remittance” powered financial products and services for small and mid-sized...
CALSTRS Invests $500M in Infrastructure
The California State Teachers’ Retirement System, the second-largest U.S. public pension fund, has made what it called one of the largest single U.S. fund management commitments to infrastructure, investing up to $500 million, Reuters wrote Tuesday. CalSTRS said it had awarded a commitment of up to $500 million to Industry Funds Management to invest in...
GoCardless Inks $1.5M
GoCardless, the London-based maker of an online payment platform, has raised $1.5 million from Accel Partners, Passion Capital and YCombinator. The capital will help build the GoCardless team and help expand its merchant base, the company said. PRESS RELEASE GoCardless, an innovative new online payment platform, launches publicly today and announces initial funding led by...
Germany’s Pieris Seals $1.3M
Germany’s Pieris AG has sealed a 1 million euro ($1.3 million) grant to support development of the company’s cancer treatment research. The grant comes from the German Federal Ministry for Education and Research. Privately held, Pieris has raised money from investors including OrbiMed Advisors and Global Life Science Ventures. PRESS RELEASE Pieris AG announced today...
TerraEchos Inks $1.55M
Missoula, Montana-based online security company TerraEchos has raised $1.55 million in seed financing led by Flywheel Ventures. S&K Technologies and GCS Research also contributed to the round. PRESS RELEASE TerraEchos announced today that the company has closed on $1.55 million in series seed financing, led by Flywheel Ventures. The funding also included participation from strategic...
Spoken Communications Inks $11.5M Series B
Spoken Communications, provider of an enterprise cloud platform for contact centers, has completed its Series B round of financing, it announced Tuesday. The round includes the issuance of preferred stock totaling $11.5 million led by Ignition Capital and includes participation from Ignition Partners. PRESS RELEASE Spoken Communications, provider of a leading enterprise cloud platform for...
Anamitra Banerji Joins Foundation Capital as E.I.R.
Anamitra Banerji, the former Twitter product manager, has joined Foundation Capital as an entrepreneur-in-residence, the firm announce Monday. Banerji joined Twitter in March 2009, where he helped start the company’s advertising platform and core revenue engine, Foundation said in a press release. In his new role, he will help identify promising investments, as well as...
Tango Health Raises $4M
Austin-based Tango Health has raised $4 million in a Series B funding round led by S3 Ventures and angel investor Mike Turner. Tango Health is a provide of health savings account management software and services. The company will use the latest funding to bolster marketing and sales, and expand product development. PRESS RELEASE Tango Health,...
Brightcove Prices IPO at $10-$12 Per Share
Digital media company Brightcove Inc., which has raised capital from a long list of investors including Accel Partners, General Catalyst Partners and Hearst Ventures, has priced its initial public offering at $10 to $12 per share. The company filed with regulators to sell up to 5 million of its shares in the offering, Reuters reported...
Synchroneuron Closes On $6M
Synchroneuron Inc., a Waltham, Mass.-based biopharma company, has raised $6 million in Series A financing from Morningside Technology Ventures Ltd. The company is focused on therapies for movement disorders. PRESS RELEASE Synchroneuron Inc., a privately-held biopharmaceutical company, today announced the completion of its Series A financing with a $6 million investment from Morningside Technology Ventures...
