Deal Announcements

Wednesday, July 29, 2015

  •  Socure Secures Venture Capital Debt

    Wednesday, July 29, 2015 5:46:00 AM PDT | VentureDeal

       New York, New York  --  Security technology company Socure has landed $2.3 million in new venture capital debt investment, according to an SEC regulatory filing.

    Socure has combined an artificial intelligence system with proprietary machine learning algorithms and social behavior analysis to do a better job of identifying users.

    It refers to the system as Social Biometrics.

    Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.

    Socure is still seeking $200,000 in additional debt financing, according to the filing.

    Company CEO Sunil Madhu founded Socure in 2012.
  •  Flipora Raises Seed Angel Capital

    Wednesday, July 29, 2015 5:30:00 AM PDT | VentureDeal

       Mountain View, California  --  Internet search technology company Flipora has secured $1.5 million in seed stage Angel investment.

    Flipora is developing what it calls a next-generation search engine "searching a very different kind of web."

    A number of Angel investors participated in the round, including Google AdSense developer Gokul Rajaram.

    The company said it would use the proceeds to launch updated mobile apps to complement its existing web offering.

    Co-founders are company CEO Jonathan Siddharth and CTO Vijay Krishnan.

Tuesday, July 28, 2015

  •  Flite Flags Down $3 Million New Venture Equity

    Tuesday, July 28, 2015 5:47:00 AM PDT | VentureDeal

       San Francisco, California  --  Digital media technology company Flite has received $3 million in new venture capital investment, according to an SEC regulatory filing.

    Flite has designed an "advertising platform that enables marketers to deliver ads people love."

    Investors in the financing were not disclosed, nor was how the company intends to use the proceeds.

    Flite has raised several rounds of financing totaling at least $63 million.

    The company is backed by a syndicate of top-tier venture capital firms.
  •  Benevity Garners $29 Million Series A Funding

    Tuesday, July 28, 2015 5:31:00 AM PDT | VentureDeal

       Calgary, Canada  --  Software technology company Benevity has secured USD $29.1 million in its first round of institutional venture capital investment.

    Benevity has designed social enterprise software for companies that want to "make a difference while achieving greater business impacts."

    JMI Equity made the investment.

    The company said it would use the funding to "continue to advance the speed, scale and scope of product innovation and service excellence."

    Chief Executive Officer Bryan de Lottinville has been with the company since January 2008.

Monday, July 27, 2015

  •  KineMed Lands New Venture Capital Equity

    Monday, July 27, 2015 5:46:00 AM PDT | VentureDeal

       Emeryville, California  --  Pharmaceutical company KineMed has secured $450,000 in new equity investment, according to an SEC filing.

    KineMed works with major pharmaceutical and biotech companies to "produce data on target engagement, toxicity and disease progression to accelerate drug development and reduce the overall costs and risks."

    Investors in the financing were not disclosed, nor was how the company intends to use the proceeds.

    KineMed is still seeking $10.35 million in additional financing in the current round.

    The company was founded in 2001 by president, CEO and chairman David Fineman.
  •  3Derm Systems Clears Venture Capital Debt

    Monday, July 27, 2015 5:30:00 AM PDT | VentureDeal

       New Haven, Connecticut  --  Medical  diagnostic technology company 3Derm Systems has received $480,000 in new venture capital debt funding, according to an SEC regulatory filing.

    3Derm is developing a low-cost skin monitoring solution that enables patients to take clinical-quality 3D images of their skin conditions.

    They then provide this information to their dermatologist who can more efficiently and cost-effectively monitor their patient's condition.

    Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.

    Company CEO and co-founder is Elizabeth Asai.

Friday, July 24, 2015

  •  Agrible Accepts Series A Funding

    Friday, July 24, 2015 5:45:00 AM PDT | VentureDeal

       Champaign, Illinois  --  Agriculture technology company Agrible has secured $1.4 million in its first round of institutional venture capital investment.

    Agrible is developing technologies that utilize agriculture-relevant data in order to provide improved efficiency and crop yields for farmers.

    Serra Ventures led the round, which also included strategic investor Archer Daniels Midland Company.

    The company said it would use the funding to expand its team and continue improving its Morning Farm Report.

    Agrible was co-founded in 2012 by company CEO Chris Harbourt.
  •  Ziften Raises $24 Million Growth Capital

    Friday, July 24, 2015 5:30:00 AM PDT | VentureDeal

       Austin, Texas  --  Security technology company Ziften has received $24 million in growth stage venture investment.

    Ziften has created an endpoint visibility solution that enables enterprises to deploy the solution quickly while keeping resource consumption at a minimum.

    The system provides real-time user, device and threat behavior monitoring, analytics and reporting.

    New investor Spring Mountain Capital led the round, which included participation from previous investor Fayez Sarofim.

    Jamie Weston, Managing Director at Spring Mountain Capital, led the investment round.

    The company said it would use the funding to accelerate its "go-to-market strategy and extend its global reach" as well as continue product development efforts.

Thursday, July 23, 2015

  •  Granular Grabs Second Venture Financing

    Thursday, July 23, 2015 5:45:00 AM PDT | VentureDeal

       San Francisco, California  --  Agriculture technology company Granular has received $18.7 million in its Series B round of investment.

    Granular has developed business software and a related analytics platform that helps agricultural producers improve efficiency, crop yields and profits.

    Tao Venture Partners led the round, which included Google Ventures, Fall Line Capital, Khosla Ventures, Andreessen Horowitz and H. Barton Asset Management.

    The company said it would use the funding to expand its team to provide more localized support for food producers.
  •  DataFox Finds $5 Million New Venture Investment

    Thursday, July 23, 2015 5:32:00 AM PDT | VentureDeal

       San Francisco, California  --  Internet technology company DataFox has received $5 million in new venture capital funding.

    DataFox has developed data mining tools that improve visibility into private companies.

    Investors in the round included Goldman Sachs, Green Visor Capital and other undisclosed investors.

    The company appears to be expanding the reach of its software, so that it provides a "modern approach to prospecting, tracking, and pipeline management."

    DataFox said it would use the financing to hire in sales, marketing, engineering, design and data science.

Deal Announcement Archive »

Technology News

Wednesday, July 29, 2015

  •  Amazon Caters to Startups with Launchpad

    Wednesday, July 29, 2015 5:14:00 AM PDT | VentureDeal

       Seattle, Washington  --  Amazon (NASDAQ: AMZN) has announced a new initiative to make it easy for startups to launch their real-world products.

    Called Amazon Launchpad, the new program features "a streamlined on boarding experience, custom product pages, a comprehensive marketing package, and access to Amazon's global fulfillment network."

    The site features a dedicated Amazon Launchpad store and has been described as a direct competitor to popular startup information site ProductHunt.

    Amazon said that it is working with more than 25 venture capital firms, accelerators and crowdfunding platforms to bring startups into its new program.

    The company cited a number of startups already using the new service.
  •  Roku Selected by Telstra For TV Streaming

    Wednesday, July 29, 2015 5:01:00 AM PDT | VentureDeal

       Saratoga, California  --  Streaming technology company Roku announced that its platform has been selected by Australian telecom operator Telstra.

    Telstra will use the Roku platform to stream television services to its customers starting later this year.

    The telecom provider will also bundle its BigPond movie service with a variety of other TV channel offerings.

    Roku said that Telstra is now the fourth telecom firm to join its Roku Powered licensing program.

    Other operators include Sky UK, Sky Deutschland and Sky Italia.

Tuesday, July 28, 2015

  •  Expensify Launches New Investment Fund

    Tuesday, July 28, 2015 5:16:00 AM PDT | VentureDeal

       San Francisco, California  --  Expense reporting software company Expensify has announced the launch of a new strategic investment fund for early-stage startups.

    Called Expensify Ventures, the fund will promote and potentially invest in financial technology startups to help solve "some of the corporate world's biggest pain points."

    The company cited partner Piper, which provides an alternative receipting solution that removes the need for paper receipts.

    Expensify also announced that it has raised a $17.5 million financing round led by OpenView Venture Partners.
  •  Hydro Ottawa Chooses Opower Energy System

    Tuesday, July 28, 2015 5:02:00 AM PDT | VentureDeal

       Arlington, Virginia  --  Hydro Ottawa has selected the demand response energy reduction system by Opower (NYSE: OPWR).

    Opower's Behavioral Demand Response (BDR) system alerts customers during peak energy periods and provides them with steps they can take to reduce their energy consumption.

    The company says that the utility is the first one in Canada to launch this type of system and the partnership was facilitated by the Ontario Ministry of Energy.

    Opower also counts ComEd, BG&E and Glendale Water & Power among other utilities that are deploying this solution.

    The program promises to reach 1.5 million homes by the end of the year, a doubling of the previous year's tally.

Monday, July 27, 2015

  •  Zola Launches Virtual Shopping iPad App

    Monday, July 27, 2015 5:15:00 AM PDT | VentureDeal

       New York, New York  --  Wedding  registry ecommerce company Zola has announced the launch of its iPad app.

    Called 360, the application provides a virtual shopping experience enabling couples who are to be wed to register in real-world settings.

    The company says that "couples also find the prospect of registering less intimidating when they see the products in a real-life setting."

    The app is unique because it is the first virtual shopping experience to be integrated with a wedding registry.

    Zola is offering the app at no charge in the Apple iTunes App Store.
  •  SCE Solicits 105 Megawatts Renewable Power

    Monday, July 27, 2015 5:00:00 AM PDT | VentureDeal

       Rosemead, California  --  Southern California Edison (SCE) has announced that it has launched its sixth Renewable Auction Mechanism solicitation for renewable electricity.

    As part of its program to procure resources sized between 3 and 20 megawatts, SCE said that it is seeking a total of 104.8 megawatts of renewable power.

    The power is to be composed of 54.8 MW meeting its Renewable Auction Mechanism targets and 50 MW of dedicated solar resources.

    The solar component will support the company's launch of its Green Rate program under the Green Tariff Shared Renewables program for several California-based energy providers.

    The CPUC enacted the program for renewable resources in 2011 as the main procurement process for system-wide renewable generation initiatives.

Friday, July 24, 2015

  •  Zonopact Launches Collaboration Software Suite

    Friday, July 24, 2015 5:16:00 AM PDT | VentureDeal

       Boston, Massachusetts  --  Software developer Zonopact has announced the launch of its flagship collaboration software suite.

    Called Clintra, the application includes CRM, document and project management, timesheets, a learning management system and a social component.

    In addition, users will utilize the platform for one-on-one chat, digital whiteboards and videoconferencing applications.

    The company says that the social intranet platform is what distinguishes its system most from competitors.

    The platform assists teams dealing with differing work hours and travel schedules in retaining productivity.
  •  Northleaf Capital Closes On $300 Million Fund

    Friday, July 24, 2015 5:01:00 AM PDT | VentureDeal

       Toronto, Canada  --  Northleaf Capital Partners announced that its latest fund has held its final close at $300 million.

    Called the Northleaf Venture Catalyst Fund, the fund received investments from investors such as Sun Life Financial, high net worth and family office investors as well as previous Northleaf investors.

    The latest fund brings Northleaf's total funds raised to $6.9 billion.

    Northleaf said the fund is the first of its kind, under the Federal Government Venture Capital Action Plan, to reach its maximum fund size.

    The Fund will invest in a variety of high-growth  industries, including general technology as well as life science firms.

Thursday, July 23, 2015

  •  Texas Venture Capital Spotlight

    Thursday, July 23, 2015 9:48:00 AM PDT | VentureTrends Research


    Venture capital funding of technology companies based in the state of Texas for the five-year period of 2010 through 2014 has shown a marked and almost unbroken annual increase.

    The sheer breadth of industries represented - 35 in total - is a testament to the diverse technology base of one of the largest states in the country.

    Texas prides itself on being "business friendly" and the numbers support this thesis. Even though the number of venture capital firms based in the state is relatively low, companies located there have no trouble securing venture capital for their development and growth initiatives.

    The future looks no less bright as long as capital remains unconstrained and seeking returns commensurate with the risk.

    Investments by Industry

    From Advanced Materials to Wireless technology companies, the Lone Star State accounted for 35 separate industries out of 41 industries that VentureDeal tracks. All major industry groups, such as Software/Internet, Bio/Pharma/Medical Devices, Telecom/Wireless/Networking/Semiconductors, Energy/Alternative Energy/Clean Tech were well represented.

    Investments by Year

    Starting with 2010, a year in which Texas-based companies received $1.14 billion, was an almost unbroken line of annual increases, capping with 2014 at $1.96 billion in aggregate funding. The only down year, 2012 at $1.17 billion, represented only a $50 million decrease from the previous year.

    Investments by Round

    Series A and Series B investment rounds accounted for the majority of disclosed rounds, which is consistent with national trends. If the "Undisclosed" category were allocated to other rounds, it is likely that these numbers would increase accordingly.

    Investments by Amount

    The Transaction Distribution chart below shows the preponderance of funding rounds at or below $15 million each. However, dozens of rounds were sized at $20 million or above.

    Investments by City

    The high-tech hotspot of Austin unsurprisingly accounted for 501 transactions during the five-year period, out of a total of 929 deals. Houston came in second with 100 transactions, followed by Dallas with 55, San Antonio with 43 and Plano with 41 transactions.

  •  Booktrack Lands Series B Venture Capital

    Thursday, July 23, 2015 5:14:00 AM PDT | VentureDeal

       San Francisco, California  --  Digital media company Booktrack has received $5 million in its second round of institutional venture capital financing.

    Booktrack provides a new content creation and distribution platform that helps turn reading into a more immersive experience.

    Users can add a soundtrack to an e-book or other digital text content.

    Investors included COENT Venture Partners and other undisclosed parties.

    The company said it would use the funding to aggressively grow its reader base and provide premium content.
  •  Starbucks And Lyft Announce Partnership

    Thursday, July 23, 2015 5:01:00 AM PDT | VentureDeal

       Seattle, Washington  --  Starbucks Coffee Company (NASDAQ: SBUX) and transportation marketplace Lyft have announced a multi-year partnership deal.

    Under the terms of the deal, Lyft drivers will have the option of becoming rewards loyalty program gold status members.

    Additionally, both riders and drivers will have the opportunity to earn Starbucks loyalty stars redeemable for food and beverages.

    The two companies also said that later this year they will explore ways to improve transportation options for Starbucks employees.

    Lyft currently offers its transportation services in over 65 US cities.

Technology News Archive »

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