News

Deal Announcements

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.

Tuesday, August 25, 2015

  •  Insightra Medical Nabs New Venture Equity

    Tuesday, August 25, 2015 5:46:00 AM PDT | VentureDeal

       Irvine, California  --  Medical device technology company Insightra Medical has landed $5 million in new venture capital financing, according to an SEC filing.

    Insightra has developed what it calls "innovative solutions for the common disease of inguinal hernias or groin hernias" with its Freedom Inguinal Hernia System.

    In 2012, the company received FDA clearance to market its flower shaped hernial implant.

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

    Insightra is still seeking $2.5 million in additional financing, according to the filing, with minimum investment amounts per investor of $12,500.
  •  Cartogram Collects New Venture Funding

    Tuesday, August 25, 2015 5:33:00 AM PDT | VentureDeal

       Kirkland, Washington  --  Retail software technology company Cartogram has received $326,000 in new venture investment, according to an SEC regulatory filing.

    Cartogram has developed customer data, indoor heat maps and reports for retailers to help users better find products in the store.

    The company has also provided solutions for optimizing conference sessions and other indoor activities.

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

    Cartogram is still seeking $274,000 in additional financing, according to the filing.

Monday, August 24, 2015

  •  Hightower Clears New Investment Financing

    Monday, August 24, 2015 5:46:00 AM PDT | VentureDeal

       New York, New York  --  Real estate technology company Hightower has raised an undisclosed amount of strategic venture capital financing.

    Hightower says that it uses leasing activity data to create analytical insights into commercial real estate portfolios.

    Its application is designed to assist property owners in organizing their assets to monitor and diagnose leasing performance issues.

    Individual investors included Barry Sternlicht and Bill Rudin.

    The company did not disclose the specific use of the financing proceeds.
  •  FluGen Flags New Venture Capital Funding

    Monday, August 24, 2015 5:30:00 AM PDT | VentureDeal

       Madison, Wisconsin  --  Pharmaceutical technology company FluGen has received $9.4 million in new venture capital equity financing, according to an SEC regulatory filing.

    FluGen is focused on developing the most effective vaccine against all forms of influenza.

    The company is preparing to enter human trials in 2016 for its flagship REDEE FLU influenza vaccine.

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

    FluGen is seeking additional investment, according to its website.

Deal Announcement Archive »

Technology News

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.

Tuesday, August 25, 2015

  •  North Carolina Venture Capital Investment Results

    Tuesday, August 25, 2015 9:35:00 AM PDT | VentureDeal

    Venture capital investment in North Carolina-based startups over the past 3 years has been marked by uneven results in terms of total amounts funded by quarter:

    However, the data detail indicates a bifurcated picture.  During the quarters receiving relatively larger amounts of funding, the growth was due to a few oversized financing rounds, usually in excess of $40 million.

    Quarters which showed lower dollar amounts funded typically did not contain these few large funding rounds.

    Additionally, most funding rounds were either of large size or much smaller sub-$3 million amount financings. There were relatively few rounds in the $5 million to $20 million range.

    This suggests there is a funding gap for middle stage companies located in North Carolina.  While a few make it past the apparent funding chasm, many are at risk of running low on investor interest before they're able to grow into larger, mature companies.

  •  Rdio Launches Promoted Music Experiences

    Tuesday, August 25, 2015 5:14:00 AM PDT | VentureDeal

       San Francisco, California  --  Global music streaming service Rdio has announced the launch of a new initiative to better connect brands with music fans.

    Called Promoted Music Experiences, the native advertising solution aims to improve targeted advertisements with music enthusiasts through the company's personalized listener experience.

    Rdio originally partnered with Hard Rock Hotels & Casinos to launch its new service.

    The service features branded stations for select advertising partners, branded profiles and branded home stories.

    The program seeks to utilize curation and native promotional placement to help advertisers improve their results with the company's 35 million songs and diverse audiences.
  •  SCRA Technology Ventures Accepts 3 New Companies

    Tuesday, August 25, 2015 5:01:00 AM PDT | VentureDeal

       Summerville, South Carolina  --  SCRA Technology Ventures has announced that it has accepted three new companies into its SC Launch Program.

    The new companies are: Geekin Radio, a new music streaming application; Motors@Work, a cloud-based commercial and industrial motor energy management application; and Tradeversity, a local marketplace for students to buy, sell and share items and services within their university communities.

    In addition, Qonceptual was accepted into its Resource Partner Network.

    The company provides a range of enterprise web application development, mobile application development and API development.

    The three companies accepted into the SC Launch program will receive mentoring and potential matching investment funds.

Monday, August 24, 2015

  •  North Carolina Venture Capital Investment

    Monday, August 24, 2015 9:45:00 AM PDT | VentureDeal

    Below is the latest breakdown of venture capital investment in North Carolina-based technology startup companies from Q2 2012 through Q1 2015:

     3YearsNCarolinaIndustries

    Clearly North Carolina is a hotbed for life science technology companies, with the top three categories of Medical Devices, Pharmaceutical and Biotech companies receiving the preponderance of funding over the three-year period.

    Many of these life science companies are based in three areas: Durham, Chapel Hill and the Research Triangle Park.

    Durham is where Duke University is located, so the University no doubt accounts for the concentration of activity in the Durham, Chapel Hill and Research Triangle Park "triangle".

    North Carolina would do well to continue to build on its Duke University propensity to spin out technologies and risk-taking entrepreneurs.

  •  Kryptos Touts Secure Calling Technology

    Monday, August 24, 2015 5:14:00 AM PDT | VentureDeal

       Orlando, Florida  --  Kryptos Communications says that it sets the standard for providing secure, encrypted calling capabilities for the hemp and medical marijuana industry.

    Kryptos said that it has enjoyed significant growth through a number of its QxStart distributors active in the legal hemp and marijuana industry.

    There is a continuing concern by growers, processors and retailers regarding unwanted eavesdropping on customer and vendor communications.

    Kryptos says that it utilizes 256-bit AES military grade encryption for its technologies.

    The company has secure applications available for the Apple, Android and Blackberry mobile phone platforms.
  •  MicroPort Orthopedics Launches New Hip Stem

    Monday, August 24, 2015 5:01:00 AM PDT | VentureDeal

       Arlington, Tennessee  --  Orthopedic manufacturer MicroPort Orthopedics has announced the launch of a new hip stem product.

    Called the Profemur Preserve Hip Stem, the device is a short stem that is designed to provide physicians with tissue-friendly approaches to hip replacement.

    The company says that shorter stems help to "preserve bone, which facilitates future revisions through a wider range of treatment options."

    The device was designed to "maximize head center coverage... Resulting in an optimized Stamm with virtually no technique learning curve."

    Dr. Phillip Merritt of Glendale, California has performed the first two hip replacement surgeries using the new device.

    MicroPort says that it provides hip and knee products to patients in over 60 countries around the world.

Technology News Archive »

Free Trial

Want unlimited access to the complete database with thousands of technology companies, VCs and transactions for only $25 per month?

Start your Free 14 Day Trial now – no obligation or credit card required.

Free 14 day trial. No Obligation. Click to Register.
Venturedeal Twitter Venturedeal Facebook Venturedeal Linkedin


RSS Feeds

Add this page to your RSS aggregator page with a simple click of a button below.

Add to My Yahoo! Add to Netvibes
Add to Google
PCI - Level1