News

Deal Announcements

Friday, January 30, 2015

•  Lootsie Lands Seed Venture Capital
  

  Friday, January 30, 2015 5:44:00 AM PDT | VentureDeal

     Culver City, California  --  Mobile advertising technology company Lootsie has secured $3.5 million in seed stage funding.
  
  Lootsie has developed technology that it says "transforms the traditional mobile ad unit into something far more powerful - a reward."
  
  Individual investors made the investment.
  
  The company did not say how the funding proceeds would be used.
  
  CEO Marc Mitchell co-founded the company in 2012 and was previously at UrbanDaddy.
•  Binary Event Network Raises Debt Funding
  

  Friday, January 30, 2015 5:33:00 AM PDT | VentureDeal

     New York, New York  --  Digital media technology company Binary Event Network has secured $850,000 in venture capital debt funding, according to an amended SEC regulatory filing.
  
  Binary Event has developed an application called Pivit that enables viewers of the live events to predict what will happen next.
  
  Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.
  
  The company is still seeking $3.35 million in additional financing, according to the filing.
  
  Binary Event is backed by a syndicate of venture capital and corporate investors.

Thursday, January 29, 2015

•  Brammo Banks Venture Capital Debt and Equity
  

  Thursday, January 29, 2015 5:46:00 AM PDT | VentureDeal

     Talent, Oregon  --  Electric motorcycle manufacturer Brammo has landed $12.5 million in additional venture capital debt and equity investment, according to an SEC regulatory filing.
  
  Brammo develops and sells a line of advanced all-electric motorcycles for individuals and fleets.
  
  Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.
  
  Brammo has previously raised in excess of $80 million in several rounds of financing.
  
  The company is backed by venture capital and private equity firms, as well as a strategic investor.
•  Advance Health Adds $40 Million Growth Capital
  

  Thursday, January 29, 2015 5:33:00 AM PDT | VentureDeal

     Chantilly, Virginia  --  Healthcare technology company Advance Health has landed $40 million in growth stage venture capital investment.
  
  Advance combines a proprietary mobile workflow technology with care providers that it says yields "better outcomes for our clients and their health plan members."
  
  Summit Partners led the round, which also included Noro-Moseley Partners.
  
  Advance said it would use the funding to "continue product innovation, broaden market awareness and expand its sales and services capabilities."
  
  Company CEO is Brian Wise, previously COO of Amerigroup Virginia.

Wednesday, January 28, 2015

•  USGI Medical Nets Venture Capital Equity and Debt
  

  Wednesday, January 28, 2015 5:46:00 AM PDT | VentureDeal

  San Clemente, California  --  Medical device technology company USGI Medical has landed $19.5 million in venture capital debt and equity financing.
  
  USGI has developed an operating system to allow complex surgical procedures utilizing only the natural passageways of the G.I. tract for access.
  
  Investors in the financing were not disclosed.
  
  The company said the funding would be used to extend the commercial launch of its primary obesity surgery endomumenal product in Europe and the Middle East and to begin commercialization activities in the US.
  
  Proceeds will also fund a crossover study and other related studies.
•  Beckon Raises Series B Venture Capital
  

  Wednesday, January 28, 2015 5:31:00 AM PDT | VentureDeal

  San Mateo, California  --  Digital media technology company Beckon has received $13 million in its second round of institutional venture capital funding.
  
  Beckon has combined data management, planning, reporting and analytics in a single performance management platform for marketers.
  
  Venrock led the round, which also included previous investors August Capital and Canaan Partners.
  
  Proceeds purposes were not disclosed.
  
  Beckon previously raised $10 million for its first investment round in April, 2014.

Tuesday, January 27, 2015

•  InterValve Secures $3 Million Venture Capital Debt
  

  Tuesday, January 27, 2015 5:46:00 AM PDT | VentureDeal

     Minnetonka, Minnesota  --  Medical device technology company InterValve has received $3 million in venture capital debt investment.
  
  InterValve is developing a next-generation aortic valvuloplasty balloon for the treatment of calcific aortic stenosis.
  
  Oxford Finance made the loan.
  
  InterValve said it would use the funding proceeds for product line expansion and the ongoing commercialization of its lead balloon catheter.
  
  The company's previous financing event was an undisclosed amount of funding received in August, 2014.
•  Bluesmart Snags $2 Million Venture Capital
  

  Tuesday, January 27, 2015 5:31:00 AM PDT | VentureDeal

     Mountain View, California  --  Electronics technology company Bluesmart has secured $2 million in new venture capital equity investment.
  
  Bluesmart says that it creates "unique physical products combined with software applications that help people travel better and smarter."
  
  Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.
  
  Diego Saez-Gil is the co-founder and CEO of the company.
  
  Bluesmart recently graduated from the Y Combinator accelerator program.

Monday, January 26, 2015

•  Kaminario Lands Additional $15 Million Funding
  

  Monday, January 26, 2015 5:46:00 AM PDT | VentureDeal

     Newton, Massachusetts  --  Storage technology company Kaminario has received an additional $15 million in financing, to add to its $53 million previously raised.
  
  Kaminario says that it is "leading the revolution in flash storage by creating a fundamentally new and better way to store and retrieve performance-sensitive data."
  
  Lazarus Hedge Fund made the investment.
  
  Kaminario said it will expand into five new regions in Europe with the additional financing.
  
  In December, 2014, the company raised $53 million from a large syndicate of top-tier venture capital, corporate and venture lender firms.
•  Brandfolder Bags $2 Million Venture Capital Equity
  

  Monday, January 26, 2015 5:33:00 AM PDT | VentureDeal

     Denver, Colorado  --  Digital media company Brandfolder has secured $2 million in new venture capital equity funding.
  
  Brandfolder helps companies create branding and marketing materials such as logos and media kits.
  
  Investors in the financing were not disclosed.
  
  The company said the funding will be used to double its sales and marketing team and customize the product for new market verticals.
  
  Brandfolder was incubated at Techstars Boulder.

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Technology News

Friday, January 30, 2015

•  BitGo Launches Bitcoin Platform API Service
  

  Friday, January 30, 2015 5:16:00 AM PDT | VentureDeal

     Palo Alto, California  --  Bitcoin security technology company BitGo has announced the availability of its new set of tools and services for bitcoin developers.
  
  Called the BitGo Platform API, the system features "multi-signature HD wallets, strong authentication, real-time transaction monitoring and key signing policies."
  
  BitGo cited a number of companies developing their offerings on his new platform, such as Coins.ph, Lamassu, LibraTax, MaiCoin and TradeBlock.
  
  The system holds a key for every wallet created through the API and acts as a co-signer on all block chain transactions.
  
  In addition, BitGo uses a variety of fraud detection, treasury policies and other tools to validate each transaction before it co-signs.
•  Delvv Launches iOS Mobile App
  

  Friday, January 30, 2015 5:00:00 AM PDT | VentureDeal

     Palo Alto, California  --  Mobile personalization technology company Delvv has announced the launch of its application on the Apple iOS platform.
  
  The company says that its application "addresses information overload head-on by filtering the clutter of the Internet to deliver the stories, blog posts, apps and events that matter most in a personalized mobile news feed."
  
  The application suggests an initial list of topics to follow, which can be adjusted by the user as needed.
  
  The app can be downloaded for free on the App Store.
  
  Delvv had previously launched its app on the Google Android mobile platform.

Thursday, January 29, 2015

•  XAPPmedia Partners With jacapps To Create JAX
  

  Thursday, January 29, 2015 5:16:00 AM PDT | VentureDeal

     Washington, DC  --  Audio advertising technology company XAPPmedia has partnered with jacapps for a new advertising service.
  
  Called JAX, the mobile audience premium advertising service will integrate the XAPP Interactive Audio Ad Service into the mobile platform created by Jacobs Media, jacapps.
  
  The purpose of the integration is to allow commercial and public radio stations to monetize their mobile apps with XAPP ads.
  
  JAX implementation will further enable consumers to connect with brands and engage with advertised offers delivered over mobile radio simply by voice-activated speech.
  
  XAPPmedia says that voice-activated engagement can drive conversion rates up to five times higher than mobile banner ads.
•  Austin Chamber Targets Space Exploration Jobs
  

  Thursday, January 29, 2015 5:01:00 AM PDT | VentureDeal

     Austin, Texas  --  The Austin Chamber of Commerce has announced the addition of the Space Technology & Exploration industry for future economic development.
  
  Announced at the Chamber's annual meeting, the new initiative is a five-county economic development program spearheaded by its Opportunity Austin effort.
  
  The group believes that commercial space exploration will be a potential significant driver of diversity of business in the region and create additional opportunities for other sectors such as energy, medicine and cloud technology.
  
  A number of local community leaders have also formed the Greater Austin Space Economy Task Force to further explore the potential for a space economy in the central Texas region.
  
  Separately, the McCombs School of Business at the University Of Texas at Austin will be launching a Masters degree program in Space Entrepreneurship beginning in May of this year.

Wednesday, January 28, 2015

•  ChannelAdvisor Unveils Strategic Integration With Jet
  

  Wednesday, January 28, 2015 5:17:00 AM PDT | VentureDeal

     Research Triangle Park, North Carolina  --  E-commerce provider ChannelAdvisor Corporation (NYSE: ECOM) has announced the addition of Jet.com to its flagship platform.
  
  According to ChannelAdvisor, the addition provides its customers with an opportunity to easily list their products on Jet.com coinciding with its official public launch.
  
  Jet is developing a retailer-friendly, membership-based e-commerce marketplace covering categories such as electronics, consumables, sporting goods, appliances, home goods and other categories.
  
  The Jet Marketplace intends to incentivize consumers to shop in ways that reduce retailer costs, so the retailer can manage order-level profitability through preset rules.
  
  Prices will be adjusted dynamically based on variables such as customer location, number of items per card, item return options and cart value.
  
  Jet has received $80 million in financing from top-tier venture capital firms such as New Enterprise Associates, Accel Partners and Bain Capital Ventures.
•  Misfit Debuts Wearable Control Integrations
  

  Wednesday, January 28, 2015 5:00:00 AM PDT | VentureDeal

     Burlingame, California  --  Wearable technology company Misfit has announced the integration of its flagship product with wearable controls.
  
  Flash Fitness and Sleep Monitor will now integrate with Spotify, Next, IFTTT, Logitech, Yo and others, for a variety of applications and functionalities.
  
  The Misfit Flash is a device that measures steps, calories, distance, sleep quality and duration.
  
  The device requires no charging and synchronizes wirelessly with the Misfit app for either iOS or Android mobile platforms.
  
  Misfit was founded in 2011 by Sonny Vu with John Sculley, former CEO of Apple and Pepsi.

Tuesday, January 27, 2015

•  Dell Partners With Lastline On Threat Detection
  

  Tuesday, January 27, 2015 5:16:00 AM PDT | VentureDeal

     Redwood City, California  --  Dell SecureWorks has announced a partnership with global breach detection provider Lastline.
  
  Under the terms of the partnership, Dell is combining its SecureWorks threat intelligence system with the Lastline Breach Detection Platform.
  
  The result of the combination will provide an Advanced Malware Protection and Detection (AMPD) service to the market.
  
  The service is a fully managed security service that continuously monitors and inspects email, file and web traffic on a network.
  
  The offering combines Dell's purpose-built appliances and Lastline's advanced analysis engines.
  
  Furthermore, alerts and suspicious behaviors are viewed and monitored by a specialized analyst team within Dell SecureWorks.
•  Vserv Launches Aqua Native Advertising
  

  Tuesday, January 27, 2015 5:01:00 AM PDT | VentureDeal

     Mumbai, India  --  Mobile technology company Vserv has announced the launch of a new native advertising format.
  
  Called Vserv Aqua Native, the advertising format displays ads that are customized by the environment, design and layout of the app or site.
  
  The format can deliver up to 5,760 different permutations of an ad unit to be displayed on the application or site.
  
  Publishers can also fully customize the ad based on their requirements via the Vserv Smart Data platform.
  
  The company says that 25% more consumers notice native adds, resulting in better conversion rates.
  
  Vserv was founded in 2010 and says that it has 500,000,000+ unique users, with offices in the USA, UK, India, Asia and South Africa.

Monday, January 26, 2015

•  Stream Expands Mobile Services Nationwide
  

  Monday, January 26, 2015 5:16:00 AM PDT | VentureDeal

  Dallas, Texas  --  Stream said that it has launched its mobile services to a nationwide market.
  
  Stream says that it is a "premier nationwide provider of essential home services."
  
  Those home services include energy services in deregulated energy markets, identity protection, technology support, credit monitoring and now mobile connectivity services.
  
  Stream was founded in 2005 and says that it has generated more than $7 billion in total revenue.
  
  The company also says that it is one of the largest direct selling companies in the global energy market.
•  Dominion Dealer Launches Comprehensive Dashboard
  

  Monday, January 26, 2015 5:00:00 AM PDT | VentureDeal

     Norfolk, Virginia  --  Dominion Dealer Solutions has announced the launch of a new comprehensive reporting dashboard for auto dealers.
  
  Called the Market Center Digital Dashboard, the single portal allows dealers to view a variety of critical metrics across digital marketing channels.
  
  Customers can view results from responsive websites, inventory management systems, reputation management and social media to get a better idea of the impact of their performance in each area.
  
  The dashboard was designed primarily for dealer principals and general managers to be able to access real-time for in time business metrics.
  
  The company says it intends to add enhancements in the first half of 2015, including the ability to view marketing metrics from email, newsletters and paid search engine marketing. T

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