Deal Announcements

Wednesday, July 01, 2015

  •  Rithmio Rakes In $3 Million Equity and Debt

    Wednesday, July 01, 2015 5:45:00 AM PDT | VentureDeal

       Chicago, Illinois  --  Software technology developer Rithmio has received $3 million in its fourth round of venture capital funding.

    Rithmio is commercializing technologies that improve gesture recognition and control on mobile and wearable devices.

    KGC Capital and Intel Capital co-led the round, which included numerous Illinois-based investors.

    The company said it would use the funding to enhance its developer community outreach to create the next generation of wearables and other products based on its gesture recognition software.

    The company was cofounded by CEO Adam Tilton and CTO Prashant Mehta.
  •  Chrome River Garners $100 Million Growth Equity

    Wednesday, July 01, 2015 5:30:00 AM PDT | VentureDeal

       Los Angeles, California  --  Software technology company Chrome River Technologies has received $100 million in growth stage venture capital funding.

    Chrome River has developed technologies for expense and invoice business process automation.

    Great Hill Partners made the investment.

    Matthew Vettel, Managing Partner of Great Hill, led the effort for his firm.

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

Tuesday, June 30, 2015

  •  KineMed Raises New Venture Capital Equity

    Tuesday, June 30, 2015 5:45:00 AM PDT | VentureDeal

       Emeryville, California  --  Pharmaceutical technology company KineMed has received $1.7 million in new venture investment, according to an SEC regulatory filing.

    KineMed has developed a proprietary translational medicine technology that helps identify active drug candidates and confirm their therapeutic activity.

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

    KineMed is still seeking $10.8 million in additional financing, according to the filing.

    (Not an offer or solicitation for sale of securities.)
  •  Airtable Accepts Development Venture Capital

    Tuesday, June 30, 2015 5:30:00 AM PDT | VentureDeal

       San Francisco, California  --  Software technology company Airtable has received $7.6 million in new venture capital funding.

    Airtable is developing software that enables users to more easily work with databases.

    CRV led the round, which included Freestyle Capital, CrunchFund, Founder Collective, Data Collective, Caffeinated Capital and numerous individual investors.

    The company said it would use the funding to accelerate its product development.

    Founders of Airtable are CEO Howie Liu and CTO Emmett Nicholas.

Monday, June 29, 2015

  •  Qwilt Collects Series D Venture Investment

    Monday, June 29, 2015 5:45:00 AM PDT | VentureDeal

       Redwood City, California  --  Digital media technology company Qwilt has landed $25 million in its fourth round of institutional venture capital investment.

    Qwilt has developed a "unified, turnkey solution that combines transparent casing, video delivery and analytics technologies deployed at the subscriber edge."

    Disrupt-ive Led the round, which included previous investors Bessemer Venture Partners, Accel Partners, Redpoint Ventures and Marker.

    The company said it would use the funding to scale its operations.

    Qwilt has raised $65 million in total capital to date.
  •  Bento Banks New Venture Capital Funding

    Monday, June 29, 2015 5:30:00 AM PDT | VentureDeal

       Sacramento, California  --  Food delivery technology company Bento has received $1.5 million in early stage venture investment.

    Bento is developing a service that enables users to receive Bento box meals within minutes in metropolitan areas.

    LAUNCH Fund was the lead investor in the round, which included other undisclosed investors.

    Jason Calacanis of Los Angeles was the lead partner involved in the deal.

    The company did not say how the funding proceeds would specifically be used.

Friday, June 26, 2015

  •  Extreme Reach Grabs $56 Million Venture Equity

    Friday, June 26, 2015 5:46:00 AM PDT | VentureDeal

       Needham, Massachusetts  --  Digital media technology company Extreme Reach has received $56.5 million in new venture capital funding, according to an SEC regulatory filing.

    Extreme Reach has developed a video advertising platform that enables advertisers and agencies to manage their video campaigns across all video mediums.

    Investors in the financing were not disclosed.

    The offering was made on June 15 in conjunction with a business combination transaction that the company subsequently announced as the acquisition of Talent Partners, a company that provides behind-the-scenes advertising services such as monitoring TV networks to determine after royalty payment amounts.

    Extreme is backed by a syndicate of venture capital  and private equity investors.

    Chairman and CEO John Rowland co-founded the company in 2007.
  •  7AC Technologies Nets $5 Million Funding

    Friday, June 26, 2015 5:30:00 AM PDT | VentureDeal

       Beverly, Massachusetts  --  Electronics technology company 7AC Technologies has received $4.9 million in new venture investment, according to an SEC regulatory filing.

    7AC Technologies has developed an efficient liquid desiccant HVA system for commercial and industrial buildings.

    The systems promise to provide up to a 50% reduction in energy costs over conventional HVAC units.

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

    7AC is still seeking $2.5 million in additional financing, according to the filing.

Thursday, June 25, 2015

  •  HackerOne Collects Series B Venture Capital

    Thursday, June 25, 2015 5:46:00 AM PDT | VentureDeal

       Alameda, California  --  Security technology company HackerOne has landed $25 million in its second round of institutional venture capital investment.

    HackerOne has developed an online platform that is what it calls "the first vulnerability management and bug bounty platform."

    The company says that using its product is free, but it receives a 20% fee when a customer rewards a hacker for discovering a valid security hole.

    New Enterprise Associates led the round, which included previous investor Benchmark Capital and other individual investors.

    The company will use the funding to continue building its product and expanding its sales and marketing initiatives.
  •  Diib Raises $1 Million Seed Capital

    Thursday, June 25, 2015 5:30:00 AM PDT | VentureDeal

       Salt Lake City, Utah  --  Website optimization technology company Diib has landed $1 million in seed stage venture capital funding.

    Diib tells the user in plain English what is going on with their website.

    The company says that more than 41,000 "people and businesses around the world use diib because we build tools that analyze your data and not just report it."

    Investors in the round include Park City Angel Network and other undisclosed investors.

    The company said it will use the funding to expand its existing product offering.

Deal Announcement Archive »

Technology News

Wednesday, July 01, 2015

  •  HealthTap And Quest Partner On Virtual Testing

    Wednesday, July 01, 2015 5:15:00 AM PDT | VentureDeal

       Palo Alto, California  --  HealthTap and Quest Diagnostics (NYSE: DGX) have announced a virtual diagnostic testing collaboration.

    Under the terms of the partnership, doctors will be able to order diagnostic testing services for patients through HealthTap's virtual care platform, which will then be filled by Quest.

    HealthTap will open the new service to its network of doctors for patients who seek virtual consultations via its online system.

    The system promises to reduce the amount of waiting time between a patient wanting to see a doctor as well as speeding up the process for ordering off-line diagnostic testing.

    Patients will also be able to view the results of their tests from any mobile device or personal computer.
  •  Toyota Fuel Cell Vehicle Goes Record Distance

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

       Aspen, Colorado  --  Global automaker Toyota announced that its hydrogen fuel-cell electric vehicle has traveled a record range.

    The Toyota Mirai has an EPA-estimated driving range rating of 312 miles on a single fill of hydrogen, which the company says is the longest driving range of any zero emissions vehicle on the market.

    Mirai will be the world's first mass-produced hydrogen fuel cell electric vehicle when it hits dealers in California in the fall.

    The vehicle will offer a 67 miles per gallon equivalent city/highway/combined performance.

    Toyota will offer a variety of services with the three year lease, such as no-cost scheduled maintenance, no-cost enhanced roadside assistance and trip interruption reimbursement at a maximum of $500 per day for up to five days per incident.

Tuesday, June 30, 2015

  •  Medversant Launches Licensing and Enrollment Solution

    Tuesday, June 30, 2015 5:15:00 AM PDT | VentureDeal

       Los Angeles, California  --  Medversant Technologies has announced the launch of a new web-based software system for licensing state healthcare providers.

    Called LicenseSource, the software is designed for government organizations to help them provide faster and more accurate healthcare provider licensing.

    The application was developed in concert with state government officials.

    LicenseSource also "opens the possibility to connect state license data with other important state processes such as Medicaid enrollment, and supports credentialing activities of government healthcare organizations."

    The company says the application has already been successfully piloted in the state of Michigan.
  •  SCRA Accepts Two New Technology Companies

    Tuesday, June 30, 2015 5:01:00 AM PDT | VentureDeal

       Summerville, South Carolina  --  Technology incubator SCRA Technology Ventures has announced the acceptance of two new companies into its SC Launch program.

    The two companies are Columbia-based RandomWalk Innovations and Spartanburg-based Resiliency Technologies.

    The companies receive mentoring and a variety of support services as part of the program.

    They also are eligible to potentially receive matching funding or larger investment depending on a variety of factors.

    SCRA says that its cumulative output into South Carolina's economy has exceeded $18 billion.

Monday, June 29, 2015

  •  Suneris Launches Vet Anti-Bleeding Product

    Monday, June 29, 2015 5:14:00 AM PDT | VentureDeal

       Brooklyn, New York  --  Biotechnology company Suneris has announced the launch of a new anti-bleeding product for the veterinarian market.

    Called Vetigel, the plant-based gel stops severe bleeding in less than 12 seconds versus the current standard of care which it says takes 2 to 3 minutes to accomplish.

    The treatment works by "taking on the properties of the tissue with which it comes in contact, thus solidifying to stop the flow of blood from the wound."

    The clot formed by the product is also strong enough to withstand the removal of excess gel around the clotted area.

    The new product will be available in the US and UK markets later this summer, according to a company statement.
  •  BitGold Launches Platform In United States

    Monday, June 29, 2015 5:01:00 AM PDT | VentureDeal

       Toronto, Canada  --  Financial services company BitGold (TSX-V: XAU) has announced the launch of its platform for residents of the United States and its territories.

    US residents can now sign up for the BitGold platform to buy, sell or redeem gold using its Aurum payment and settlement technology.

    The company said that the ability to send and receive gold payment features are not currently available in the US.

    BitGold said that it's "mission is to make gold accessible and useful insecure savings."

    The company also provides users with a secure vault account to purchase gold with a variety of electronic payment methods. The gold is stored in vaults administered by The Brink's Company.

Friday, June 26, 2015

  •  Realiquidity Launches Commercial Marketplace

    Friday, June 26, 2015 5:15:00 AM PDT | VentureDeal

       San Mateo, California  --  Internet technology company Realiquidity has announced the public launch of what it calls the "world's first online marketplace for buying and selling fractional interests in existing commercial real estate."

    The site aims to connect commercial property owners directly with accredited investors.

    Owners can sell portions of their holdings via ownership shares  at the asset level in order to create liquidity for a traditionally illiquid asset class.

    Realiquidity says the commercial real estate market is a $12 trillion industry.

    The launch announcement said the company is "privately funded", but did not specify who the investors are.
  •  Cinedigm And Shout Factory Deepen Alliance

    Friday, June 26, 2015 5:00:00 AM PDT | VentureDeal

       Los Angeles, California  --  Cinedigm (NYSE: CIDM) and Shout! Factory have announced an expansion of their partnership.

    Cinedigm has made a minority investment in Shout! Factory, which Cinedigm says has been an integral part of the growth and success of its entertainment distribution business over the past three years.

    In addition, the two companies have extended their distribution deal for Shout! Factory's film and television content library.

    The companies also plan to re-launch Shout! Factory TV, which is focused on classic television and movies.

    Shout's Offerings include feature films, classic and contemporary TV series, live music, comedy specials and animation.

    Shout also owns a number of record labels and is based in Santa Monica.

Thursday, June 25, 2015

  •  Venture Capital This Week - June 25

    Thursday, June 25, 2015 2:32:00 PM PDT | VentureDeal

    It's always an interesting week in venture capital. Discover the best stories, blog posts and other information inside the VC ecosystem in north America and in hotspots around the world. Onward dear reader…


    Crowdfunding industry leaders weigh in on the new investment crowdfunding exemption:

    Regulation A+: What Do Industry Leaders Think?


    Ari Helgason chimes in with his advice on how to make the leap from Seed stage funding to Series A:

    Maximizing Your Series A Chances


    Mackey Craven of OpenView Partners wonders if the high valuations provided to some startups is creating a dependency:

    Unicorns and Private Capital Dependency


    Los Angeles-based VC Mark Suster shares his thoughts on the issue of deal exclusivity:

    When Should You Allow Exclusivity?


    Successful Internet VC Fred Wilson previews what he believes is a change in monetary policy:

    The Coming Change in Monetary Policy


    Forward Partners VC Nic Brisbourne echoes Benedict Evans' belief that mobile is continuing to rise:

    Browsing and Purchases Move to Mobile


    VC John Greathouse talks about mobile and telecommunications:

    Computer in My Pocket

    Venture Capital This Week is a publication of VentureDeal, a database that provides the latest information about venture capital firms, venture-backed technology companies and transactions throughout North America.
  •  Red Hat Launches OpenShift Enterprise 3

    Thursday, June 25, 2015 5:15:00 AM PDT | VentureDeal

       Boston, Massachusetts  --  Open source software company Red Hat (NYSE: RHT) as announced the launch of the latest update to its platform as a service.

    Called OpenShift Enterprise 3, the new container application platform is based on Docker format Linux containers, Kubernetes orchestration and Red Hat Enterprise Linux 7.

    The new system provides OpenShift users with access to a wide ecosystem of packaged application components.

    Developers can push their application code directly from GIT automate the Docker image build process using the OpenShift source to image build capabilities.

    In addition to the launch of the new system, Red Hat is also announcing the beta test of OpenShift Dedicated, which is a public cloud service based on the OpenShift 3 platform.
  •  FOX News And SiriusXM Launch News Channel

    Thursday, June 25, 2015 5:01:00 AM PDT | VentureDeal

       New York, New York  --  FOX News and SiriusXM have teamed up to launch an all new national news channel.

    Called FOX News Headlines 24/7, the new national headline news service will have its own dedicated team of journalists and contributors and will deliver the day's top stories on SiriusXM at any time.

    The new channel will be continuously updated with breaking news across general events, politics, business, entertainment, sports and more.

    The channel is expected to launch in the fall of 2015 to all SiriusXM subscribers on channel 115.

    The two firms already partner on three other dedicated satellite radio channels.

Technology News Archive »

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