News

Deal Announcements

Tuesday, September 01, 2015

  •  AirVM Accepts Series A Venture Capital

    Tuesday, September 01, 2015 5:45:00 AM PDT | VentureDeal

    Ottawa, Canada  --  IT technology company AirVM has secured $8 million in its first round of institutional venture capital financing.

    AirVM enables enterprise service providers to bring their cloud services to market by providing them with a customizable platform so they can create new revenue sources.





    Rho Canada Ventures led the round, which also included Build Ventures and others.

    The company said it would use the funding to "strengthen integration with VMware technologies, expand support for third-party public clouds… And invest in sales, support and engineering expansion."

    Company CEO is Joshua Vautour.
  •  Snapcard Snaps Up Venture Capital Debt

    Tuesday, September 01, 2015 5:15:00 AM PDT | VentureDeal

       San Francisco, California  --  Financial services technology company Snapcard has secured $645,000 in new venture capital debt funding, according to an SEC regulatory filing.

    Snapcard said that it was founded to help consumers spend their digital currencies better.

    Part of their mission is to help educate merchants on the value of accepting digital currency.





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

    Snapcard is still seeking $1.855 million in additional financing, according to the filing.

Monday, August 31, 2015

  •  Centerline Biomedical Garners Seed Venture Capital

    Monday, August 31, 2015 5:45:00 AM PDT | VentureDeal

       Cleveland, Ohio  --  Medical device technology company Centerline Biomedical has secured $1.7 million in seed stage venture capital investment.

    Centerline is developing a system to navigate catheters and guide wires in the 3D anatomy of vascular disease patients.

    The company says that it system promises to enable surgeons to perform  "safer, more accurate, and more efficient endovascular procedures."

    Investors in the financing were not disclosed by the company.

    Centerline will use the funds to further develop its proprietary surgical navigation system.
  •  Appcelerator Accepts New Venture Capital

    Monday, August 31, 2015 5:16:00 AM PDT | VentureDeal

       Mountain View, California  --  Software technology company Appcelerator has received $5.7 million in new venture capital investment, according to an SEC regulatory filing.

    Appcelerator has developed an open source platform for building rich web applications.




    The company's system enables enterprises to use its mobile APIs, native applications and real-time analytics to "build great mobile experiences faster."

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

    Appcelerator is still seeking $4.3 million in additional financing, according to the filing.

Friday, August 28, 2015

  •  CrunchyRoll Clears $22 Million New Investment

    Friday, August 28, 2015 5:45:00 AM PDT | VentureDeal

       San Francisco, California  --  Digital media technology company CrunchyRoll has landed $22 million in venture capital equity funding, according to an SEC filing.

    CrunchyRoll operates a website that enables users to share their favorite anime and other types of animated videos.

    The company is backed by a syndicate of venture capital firms, including Venrock.

    CrunchyRoll has raised at least $60 million in financings since 2008.

    Venrock partner David Siminoff has led the firm's efforts in supporting CrunchyRoll.

    The company did not say how it would use the funding proceeds.

  •  DermTech Collects Partial Venture Capital Round

    Friday, August 28, 2015 5:15:00 AM PDT | VentureDeal

       La Jolla, California  --  Biotechnology company DermTech has secured part of a new venture capital equity financing round, according to an SEC regulatory filing.

    DermTech has commercialized a qPCR assay for skin samples collected using adhesive tape biopsy methods, instead of more invasive biopsies.

    The company's technology can then analyze a variety of gene targets to assess their level of RNA expression.

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

    DermTech is still seeking $19.23 million in additional financing, according to the filing.

Thursday, August 27, 2015

  •  Providence Medical Adds Venture Capital Equity and Debt

    Thursday, August 27, 2015 5:45:00 AM PDT | VentureDeal

       Lafayette, California  --  Medical device technology company Providence Medical Technology has closed a $12 million in venture capital equity and debt investment, according to a company statement.

    Providence develops minimally invasive solutions for patients suffering from cervical spine conditions.

    Investors in the round included Stanmore Medical Investments, Aphelion Capital and Silicon Valley Bank.

    Providence said it would use the proceeds to commercialize and expand its portfolio of DTRAX cervical fusion products to help patients with cervical degenerative disc disease.

    The company believes that the worldwide market size for this condition exceeds $1 billion.

    Company CEO Jeff Smith has been with the firm since September 2008.
  •  PBworks Nets More Venture Capital Investment

    Thursday, August 27, 2015 5:30:00 AM PDT | VentureDeal

       San Mateo, California  --  Internet technology company PBworks has landed $600,000 in new equity financing, according to an SEC filing.

    PBworks has developed an online platform to help businesses collaborate and communicate better.

    The company sells access to its knowledge capture and sharing system a variety of verticals, such as legal, supply chain, agencies, education and others.

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

    PBworks is still seeking $1.4 million in additional financing, according to the filing.

Wednesday, August 26, 2015

  •  CargoSense Hauls More Venture Capital Funding

    Wednesday, August 26, 2015 5:46:00 AM PDT | VentureDeal

       Reston, Virginia  --  Sensor technology company CargoSense has received $3.7 million in new venture capital equity investment, according to an SEC regulatory filing.

    CargoSense provides sensors for shipping logistics to record temperature, light, humidity, pressure, shock and tilt in order to help enterprise ensure product integrity throughout the supply chain.

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

    Approximately $2.7 million of the total represented canceled indebtedness, so net new money to the company was $1 million.

    CargoSense Pres. & CEO Richard Kilmer has been with the company since January 2013.
  •  BlueData Banks Series C Venture Capital

    Wednesday, August 26, 2015 5:33:00 AM PDT | VentureDeal

       Mountain View, California  --  Software technology company BlueData has landed $20 million in its third round of institutional and strategic venture capital investment.

    BlueData says that its technologies simplify data infrastructures to help large data processors with their private cloud deployments.

    Intel Capital led the round, which included Amplify Partners, Atlantic Bridge Ventures and Ignition Partners.

    The company said it would use the funding to "continue its mission of transforming how enterprises deploy their big data applications and infrastructure."

    BlueData raised its second round of funding in September 2013, in the amount of $15 million.

Deal Announcement Archive »

Technology News

Tuesday, September 01, 2015

  •  Kidizen Clears Venture Capital Debt

    Tuesday, September 01, 2015 5:01:00 AM PDT | VentureDeal

    Minneapolis, Minnesota  --  Kid "stuff" marketplace operator Kidizen has received $300,000 in new debt investment, according to an SEC regulatory filing.

    Kidizen operates a peer-to-peer online marketplace for parents to buy and sell child items and clothing.





    The company was founded by Mary Fallon and Dori Graff.

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

    Kidizen has raised at least $735,000 in financing since December 2013.

Monday, August 31, 2015

  •  US Crowdfunding Transactions By Industry

    Monday, August 31, 2015 8:43:00 AM PDT | VentureDeal

    VentureDeal tracks active equity and debt crowdfunding deals on top U.S.-based technology online portals.

    Crowdfunding portals included in our analysis were the most active sites providing technology companies with the ability to raise funds online using either SEC rule 506(b) or 506(c).

    We analyzed 1,115 equity and debt crowdfunding deals funded in the past three years and sorted them by Industry.

    For general technology companies, the busiest industries that received funding were Internet, Software, Mobile, Financial Services, and tied for fifth were Digital Media and Electronics.

    For life sciences companies, Medical Devices companies were most represented, followed by Pharmaceuticals and Biotechnology startups.

    Overall, Software-enabled industries accounted for 846 transactions out of the 1,115, or 76% of the sample.

    These results aren't surprising, given that the cost of starting Internet and software-enabled companies has dropped dramatically in recent years.

    Conversely, the costs of starting life sciences companies in many respects has remained little-changed.

    When we revisit this analysis in the future, it will be interesting to see if the life science percentage changes.

    Perhaps as more life science companies utilize advances in information technologies, we will witness an increase in their use of crowdfunding portals to raise early stage financing.

  •  7Park Data Clears Venture Capital Round

    Monday, August 31, 2015 5:01:00 AM PDT | VentureDeal

       New York, New York  --  Internet technology company 7Park Data has received $3 million in its first round of institutional venture capital financing.

    7Park Data says that it provides data intelligence to businesses based on its "portfolio of behavioral data".

    The company combines a variety of anonymous mobile, web and purchasing data in real time to provide businesses with "clarity into marketplace trends, evolving customer preferences and investment opportunities."

    Mueller Ventures led the round, which included other undisclosed investors.

    The company said it would use the funding to extend its data collection capabilities and enhance its data intelligence platform.

Friday, August 28, 2015

  •  North Carolina Venture Financing Distribution

    Friday, August 28, 2015 8:30:00 AM PDT | VentureDeal

    Venture capital investment in technology startups based in North Carolina in the past three years has been characterized by a bifurcation of a few large deals and many small deals, as discussed in our previous post.

    Nevertheless, the distribution of financing rounds appears to follow the "Power Law Curve", as shown in the chart below:

    This law is also known as the 80-20 rule, or Pareto principle.

    From Pareto, we might hypothesize that 80% of the aggregate funding comes from 20% of the transactions.

    A closer examination of the detail transaction activity confirms that guess. Of the roughly $1.4 billion in total funding over the three-year period among 241 transactions, $1.1 billion (79%) came from the largest 48 transactions (20% of deals).

    So, it appears that North Carolina venture capital financing activity has confirmed the Power Law Curve/Pareto principle yet again.

  •  BizSlate Raises New Venture Capital Equity

    Friday, August 28, 2015 5:01:00 AM PDT | VentureDeal

       New York, New York  --  Software technology company BizSlate has secured $3.5 million in new equity investment, according to an SEC regulatory filing.

    BizSlate has developed an Enterprise Resource Planning (ERP) system aimed at small and medium-sized businesses.

    The software helps enterprises "overcome supply chain and operational issues."

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

    The filing was an amendment to a previous filing, where the company reported raising $651,000.

    Marc Kalman is the company CEO.

Thursday, August 27, 2015

  •  North Carolina Venture Capital Round Distribution

    Thursday, August 27, 2015 8:10:00 AM PDT | VentureDeal

    The distribution of financing amounts for technology startups based in North Carolina shows some interesting characteristics:

    The vast majority of funding rounds over the three year period of Q2 2012 to Q1 2015 were for $5 million or less.

    This could indicate a number of things.  One, that venture funding in the state is largely focused on very early stage companies. If so, this bodes well for the developing "pipeline" of investable companies as they grow and mature.

    Two, it could mean that the only investment stages that local venture capital firms and angel investors are focused on are early stage startups.  If this is the case, this may present a problem as companies require additional investment to fully build out their services and take advantage of the available market opportunities.

    In any case, the distribution does show larger rounds are being funded. A more detailed analysis of later stage funding indicates that it is skewed toward life science companies. Of the 26 investments of $15 million or more, 18 of the companies funded were life science companies - biotechnology, pharmaceutical or medical device firms. Only 8 companies were general technology firms.

    While there's nothing wrong with that, in order to have a truly diverse technology base, the state would be well served by redoubling its efforts to promote the development of general technology industry companies.

  •  Onapsis Raises Series B Venture Capital

    Thursday, August 27, 2015 5:01:00 AM PDT | VentureDeal

       Cambridge, Massachusetts  --  Security technology company Onapsis has secured $13.8 million in its second round of venture capital funding, according to an SEC regulatory filing.

    Onapsis sells solutions to help protect ERP (Enterprise Resource Planning) systems from cyber attacks.

    The company says that its systems are used by customers with SAP and Oracle databases to protect against espionage, sabotage and financial fraud.

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

    Onapsis is still seeking $4.9 million in additional financing, according to the filing.

    Company CEO Mariano Nuñez co-founded the firm in September 2009.

Wednesday, August 26, 2015

  •  North Carolina Venture Capital Funding By City

    Wednesday, August 26, 2015 9:34:00 AM PDT | VentureDeal

    From Q2 2012 to Q1 2015, technology companies in 17 different cities in the state of North Carolina received funding by venture capital investors.

    The cluster of Raleigh, Durham, Research Triangle Park, Morrisville and Chapel Hill received the lion's share of technology investor interest.  This region is anchored by the highly regarded Duke University.

    Coming in fourth place for activity was the city of Charlotte, with 30 investments during the three year period. Perhaps with a greater focus on new technologies commercialized from University Research Park, the "Metrolina" region may make inroads on the more active Triangle in the future.

  •  Octo Telematics To Showcase Its UBI Product

    Wednesday, August 26, 2015 5:16:00 AM PDT | VentureDeal

       Newton, Massachusetts  --  Octo Telematics has announced the upcoming showcase of its usage-based insurance product.

    Called the Try&Drive, the electronic device is designed as a plug-and-play Telematics solution for insurance carriers to monitor insured drivers while at the wheel.

    The company is giving away 200 of their devices to insurance professionals at the upcoming Insurance Telematics USA Conference 2015.

    Octo will then monitor the recipients and give the safest driver during the 30 day period and Apple iPad.

    The company says that it maintains the world's largest insurance telematics statistical database.
  •  Molecular Diagnostics to Use PierianDx Workstation

    Wednesday, August 26, 2015 5:02:00 AM PDT | VentureDeal

       St. Louis, Missouri  --  Molecular Diagnostics Laboratories (MDL) will utilize PierianDx' new clinical workstation, according to a company statement by PierianDx.

    MDL will launch its BRCA 1/2 genomic testing program by standardizing on the PierianDx Clinical Genomicist Workstation 3.0 platform.

    The company said it had chosen PierianDx' technology to expedite its entry into BRCA testing as well as its extensive knowledge base of thousands of prior medical interpretations for constitutional disorders and somatic cancer.

    As a result of this, MDL will be able to "build a future roadmap of assays for genomic testing" on top of the PierianDx technology.

    The platform is a cloud-based software application that provides a turnkey solution to manage data and workflow for variant analysis and classification, medical interpretation and reporting.

Technology News Archive »

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