News

Deal Announcements

Friday, July 31, 2015

  •  NarrativeDx Nabs Venture Capital Debt

    Friday, July 31, 2015 5:45:00 AM PDT | VentureDeal

       Austin, Texas  --  Software developer NarrativeDx has received $718,000 in venture capital debt funding, according to an SEC regulatory filing.

    NarrativeDx is developing software that analyzes patient feedback in order to improve the hospital customer experience and maximize Medicare reimbursement for facilities.

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

    NarrativeDx was accelerated in 2014 at DreamIt Ventures.

    Company CEO Senem Guney co-founded NarrativeDx with Kyle Robertson.
  •  Aspyrian Therapeutics Raises Venture Capital Equity

    Friday, July 31, 2015 5:32:00 AM PDT | VentureDeal

       San Diego, California  --  Cancer treatment developer Aspyrian Therapeutics has secured $4.25 million in new venture capital equity funding, according to an SEC regulatory filing.

    Aspyrian is developing novel targeted therapies for cancer treatments utilizing antibody conjugates with tumor specific activation.

    The technology was developed at the National Cancer Institute and uses near-infrared light to activate a toxic die attached to monoclonal antibodies.

    The company has initiated a phase 1 study to treat recurrent head and neck cancer patients.

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

    Aspyrian previously raised $8.5 million in January 2015 from undisclosed investors.

Thursday, July 30, 2015

  •  Seedrs Lands Expansion Venture Capital

    Thursday, July 30, 2015 5:46:00 AM PDT | VentureDeal

       London, UK  --  Financial services technology company Seedrs has raised $15.6 million in expansion stage venture capital financing.

    Seedrs has developed an online equity crowdfunding service for entrepreneurs and investors.

    Woodford Patient Capital led the round, which also included other investors.

    The company said it plans to expand its marketing efforts in the UK, Europe and to launch its offerings in the United States.

    It previously raised at least $3 million in financing in December 2013.
  •  Avvo Accepts Series E Venture Capital Financing

    Thursday, July 30, 2015 5:30:00 AM PDT | VentureDeal

       Seattle, Washington  --  Legal website company Avvo has secured $71.5 million in its fifth round of institutional venture capital financing.

    Avvo has developed a free website that "empowers consumers to handle their legal matters with confidence."

    The site provides profiles and ratings of every attorney listed, as well as client reviews, attorney disciplinary records and any peer endorsements.

    Technology Crossover Ventures (Jay Hoag) led the round, which include previous investors Coatue Management (Thomas Laffont) and Vulcan Capital.

    The company said it would use the funding to  accelerate various marketing initiatives, expand its product offerings and hire additional personnel.

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.

Deal Announcement Archive »

Technology News

Friday, July 31, 2015

  •  Pinterest Launches Diversity Lab Initiative

    Friday, July 31, 2015 5:14:00 AM PDT | VentureDeal

       San Francisco, California  --  Online digital media technology company Pinterest has announced the launch of a new initiative to increase diversity in the technology industry.

    The company, in a blog post, announced its own goals for 2016, its plan for how to get there and its intent to publish how it is progressing along its goals.

    Among its goals, it plans to increase hiring rates for full-time engineering roles to 30% female and 8% underrepresented ethnic backgrounds.

    It plans to expand the number of universities it recruits from and work with an outside strategy firm to set up what it calls Inclusion Labs at Pinterest.

    The purpose of Inclusion Labs will be to "experiment with new ways to improve diversity."
  •  CyberX Debuts Industrial Threat Intelligence

    Friday, July 31, 2015 5:00:00 AM PDT | VentureDeal

       Palo Alto, California  --  Security technology company CyberX has announced the launch of its system aimed at the industrial market.

    Called the Industrial Threat Intelligence Platform, the new application promises to enable utilities worldwide to identify threats to their operations.

    CyberX says the system will provide insights "of both malicious and operational nature."

    The company will also disclose vulnerabilities that they discover on ongoing basis to affected vendors and ICS CERT.

    CyberX is backed by a syndicate of Israel-based venture capital firms.

Thursday, July 30, 2015

  •  Illinois Venture Capital Spotlight

    Thursday, July 30, 2015 7:35:00 AM PDT | VentureDeal

    Summary

    Venture capital funding of technology companies based in the state of Illinois for the five-year period of 2010 - 2014 has seen uneven results.

    Although 2014 was the best year of the five-year period, with Illinois-based companies raising $1.4 billion, the period of 2012 - 2013 showed a market decrease in funding, to a five-year low of $595 million in 2013.

    Illinois showed funding across a large number of industries, 24 during the five-year period.

    However, other states such as Colorado posted even better results, with 29 industries represented in the data.

    Nevertheless, Illinois shows a diverse and promising technology industry, with hopes of building on a record year of results in 2014.


    Investments by Industry

    The "Land of Lincoln" state accounted for 500 transactions between 24 industries. All major industries were represented, with Internet/IT/Software receiving by far the greatest number of investments at 266.




    Investments by Year

    Illinois venture capital funding has been uneven over the past five-year period, although three of the five years resulted in aggregate fundings exceeding $1 billion, in 2010, 2011 and 2014.





    Investment by City

    Although the state has seen a wide variety of cities represented in the data, predictably Chicago has accounted for nearly 70% of all financings. The cities of Champaign, Evanston and Skokie came in a distant second.





    Investments by Round

    Series A and Series B accounted for the majority of disclosed funding round designations. If the "Undisclosed" category were allocated to other rounds, it is likely that these numbers would increase proportionately.





    Investments by Amount

    The chart below shows the preponderance of funding rounds at or below $20 million. However, more than 50 rounds were above $20 million in the aggregate.

  •  Interpreta Debuts Healthcare Analytics Service

    Thursday, July 30, 2015 5:15:00 AM PDT | VentureDeal

       San Diego, California  --  Healthcare analytics technology company Interpreta has announced what it calls its "fifth-generation healthcare analytics service."

    The service is a subscription-based system that "eliminates non-complementary system sprawl and provides near-zero latency."

    The application is designed for health plans, accountable care organizations and national health systems to access its clinical and molecular data.

    The company says that it provides continuous genomic interpretations using actual DNA sequences and not reported biomarkers from third-party laboratories.

    The application also updates a patient's annual care plan in compliance record every 24 hours, at national health system scale.

    Interpreta recently emerged from stealth mode and says that its mission is to "bridge the gap between big data, genomics and individualized health management."
  •  ARROW Endurance Catheter Gets FDA Clearance

    Thursday, July 30, 2015 5:00:00 AM PDT | VentureDeal

       Wayne, Pennsylvania  --  Teleflex (NYSE: TFX) announced that its new peripheral catheter system has received market clearance by the FDA.

    Called the ARROW Endurance Extended Dwell Peripheral Catheter System, the medical device enables doctors to avoid using multiple PIVs and instead substitute its catheter for dwell time of up to 29 days.

    The catheter is an intravascular catheter designed to permit delivery of various infusion therapies, pressure monitoring, injection and blood withdrawal.

    Teleflex designed the system in order to increase clinician safety and reduce needle sticks for patients, by containing a passive needle safety system that reduces accidental needle stick injuries.

    The catheter also features a closed system that makes it much more difficult for clinicians to come into contact with blood-borne pathogens.

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.

Technology News Archive »

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