Deal Announcements

Friday, November 21, 2014

  •  Flywheel Flags Down $12 Million Venture Capital

    Friday, November 21, 2014 5:45:00 AM PDT | VentureDeal

       San Francisco, California  --  Mobile software developer Flywheel has secured $12 million in expansion venture capital funding.

    Flywheel has developed an application for the mobile phone that enables users to contact taxicab drivers.

    Investors included Shasta Ventures, TCW|Craton Equity Partners and RockPort Capital.

    The company said it would use the new funding to expand its service to more cities and taxi companies throughout the United States.
  •  Cognical Collects $10 Million In Venture Funding

    Friday, November 21, 2014 5:34:00 AM PDT | VentureDeal

       New York, New York  --  Software technology company Cognical has raised $10 million in venture capital equity and debt financing.

    Cognical builds algorithm-based underwriting engines for lenders to help them reduce loss and increase approval rates.

    Tribeca Venture Partners and Blumberg Capital led the round, which included the Entrepreneurs Roundtable Accelerator and others.

    Proceeds purposes were not disclosed by the company.

Thursday, November 20, 2014

  •  Menlo Security Nets Series A Venture Capital

    Thursday, November 20, 2014 5:46:00 AM PDT | VentureDeal

       Menlo Park, California  --  Cyber security technology company Menlo Security has landed $10.5 million in its first round of institutional venture capital funding.

    Menlo is developing technologies to help eliminate the threat of advanced malware by introducing a new security model.

    General Catalyst Partners led the round, which also included Osage Partners.

    The company did not specify how proceeds would be used.
  •  Avedro Adds Venture Capital Debt

    Thursday, November 20, 2014 5:33:00 AM PDT | VentureDeal

       Waltham, Massachusetts  --  Medical device technology company Avedro has raised $6.5 million in new venture capital debt investment, according to an SEC regulatory filing.

    Avedro has developed a non-invasive procedure to correct myopia and treat keratoconus, without cutting a flap in the cornea or removing any corneal tissue.

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

    Avedro is still seeking $6.5 million in additional debt financing, according to the filing.

    The company is backed by a large syndicate of venture capital and private equity investors.

Wednesday, November 19, 2014

  •  Evollve Secures $2 Million Venture Capital

    Wednesday, November 19, 2014 5:46:00 AM PDT | VentureDeal

       Redondo Beach, California  --  Electronics technology company Evollve has raised $2 million in its first round of venture capital investment.

    Evollve has developed a smart robot, Ozobot, that aims to revolutionize digital gaming by letting users play iPad games with an intelligent robot.

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

    Evollve was founded in 2012 "with the idea of finding different ways to play, learn and socially interact in an evolving digital world."
  •  Bloc Banks Series A Venture Capital Round

    Wednesday, November 19, 2014 5:33:00 AM PDT | VentureDeal

       Palo Alto, California  --  Education technology company Bloc has raised $6 million in its first round of institutional venture capital funding.

    Bloc has developed online curricula for assisting people in learning how to become proficient at software programming.

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

    The company said it would use the funding to expand its job preparation and placement programs and continue developing new training courses.

    Bloc is backed by a syndicate of early stage venture capital firms, previously including Baseline Ventures, First Round Capital, Harrison Metal Capital and Learn Capital Venture Partners.

Tuesday, November 18, 2014

  •  InList Bags $3 Million Expansion Funding

    Tuesday, November 18, 2014 5:46:00 AM PDT | VentureDeal

       Miami Beach, Florida  --  Mobile technology company InList has landed $3 million in early stage financing.

    InList operates a mobile social network that handpicks the most exclusive events daily for its membership.

    Investors in the round included Moneta Ventures and Start Capital.

    The company said it would use the funding to expand to include another set of international nightlife hotspots and develop a web-based platform in addition to its mobile service.
  •  Eyeview Adds $15 Million Growth Venture Capital

    Tuesday, November 18, 2014 5:31:00 AM PDT | VentureDeal

       New York, New York  --  Digital media company Eyeview has secured $15 million in growth stage venture capital investment.

    Eyeview combines rich-media content with its conversion platform to assist advertisers in transforming online conversions.

    Marker made the investment.

    The company said it would use the proceeds to further accelerate its growth initiatives.

Monday, November 17, 2014

  •  Edge Therapeutics Raises $8 Million Venture Capital

    Monday, November 17, 2014 5:44:00 AM PDT | VentureDeal

       Berkeley Heights, New Jersey  --  Biotechnology company Edge Therapeutics has raised nearly $8 million in venture capital equity investment, according to an SEC regulatory filing.

    Edge wants to develop treatments to prevent secondary brain damage after hemorrhagic stroke or traumatic brain injury.

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

    Edge is still seeking $17 million in additional financing, in $10,000 minimum investment increments.
  •  Apio Systems Lands Series A Funds

    Monday, November 17, 2014 5:33:00 AM PDT | VentureDeal

       Warwick, New York  --  Mobile technology company Apio Systems has secured $5 million in its first round of institutional and strategic venture capital investment.

    Apio is creating a proprietary mobile-based platform that uses smart phones and tablets to deliver situational awareness to drivers.

    Verizon Ventures led the round, was also included Lerer Hippeau Ventures and others.

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

Deal Announcement Archive »

Technology News

Friday, November 21, 2014

  •  Merkle 5th Finger Launches Updated Design Solution

    Friday, November 21, 2014 5:14:00 AM PDT | VentureDeal

       Columbia, Maryland  --  Merkle 5th Finger has announced the launch of the latest version of its responsive design solution suite.

    Called ResponsiveJS 2.0, the suite enables website owners to more easily transform their legacy sites into responsive design sites which are more optimized for mobile and tablet users.

    The update provides a faster mobile experience than the desktop with the addition of JSBoost, which offers the ability to selectively load components to deliver a more optimized experience.

    Merkle 5th Finger is the mobile technology division of CRM firm Merkle.
  •  Golden Venture Partners Closes Second Fund

    Friday, November 21, 2014 5:00:00 AM PDT | VentureDeal

       Toronto, Canada  --  Venture capitalist Matt Golden has announced the closing of the second venture capital investment fund for his venture capital fund, Golden Venture Partners.

    GVP II closed with $40 million in limited partner investor commitments, which was a significant increase over the first fund, which received $17 million.

    Northleaf Venture Catalyst Fund made up a significant portion of the fund, with its $15 million commitment. Northleaf has made five fund commitments since its inception in January, 2014.

    Golden aims to invest in the next generation of mobile-focused technologies  based in Canada.

    Notable investments to-date to include Top Hat, Yesware and Wattpad.

Thursday, November 20, 2014

  •  Instacart And Fresh And Easy Partner On Delivery

    Thursday, November 20, 2014 5:16:00 AM PDT | VentureDeal

       San Francisco, California  --  Grocery delivery service Instacart and Fresh & Easy groceries have announced a partnership.

    Under the agreement, Instacart will deliver groceries from Fresh & Easy stores in the greater Los Angeles and San Francisco Bay areas.

    After an initial launch period, the companies plan to expand the service to other areas.

    Fresh & Easy has 167 stores across California, Arizona and Nevada and is focused on providing high-quality products with no artificial colors, flavors, high-fructose corn syrup or added trans fats.

    Delivery fees were not specified, however customers get their first delivery free on a first-order of $35 or more and Instacart also offers a no delivery fee premium service for $99 per year on orders of $35 or more.
  •  Honda Supports FirstElement Fuel Network

    Thursday, November 20, 2014 5:01:00 AM PDT | VentureDeal

       Newport Beach, California  --  Honda announced that it will provide financial support to develop and expand the California Hydrogen Network.

    The supporting funds will be provided to FirstElement Fuel, which has already built 19 hydrogen refueling stations throughout California.

    Additional state grants along with the Honda financing may allow FirstElement to expand the network to at least 31 stations, though no date was specified.

    FirstElement has received grants in excess of $27 million from the California Energy Commission and additional funding from Toyota.

    Honda said it plans to "retail a fuel-cell car in 2016 and has advocated for a robust and comprehensive network of hydrogen stations to serve its customers."

Wednesday, November 19, 2014

  •  BuilderMT Launches Builder Portal System

    Wednesday, November 19, 2014 5:16:00 AM PDT | VentureDeal

       Lakewood, Colorado  --  Workflow solution technology company BuilderMT has announced the launch of a new field productivity platform.

    Called Builder Portal, the system enhances productivity at home builders by combining the features and functions of the company's Superintendent Portal and Trade Portal into one platform.

    The application enables users to access full workflow management capabilities through any browser and any mobile device.

    BuilderMT says the application can be run in either off-premise or self-hosted deployment configurations.

    The company cites more than 1,000 customers and used by close to 10,000 home building professionals.
  •  HealthTap Introduces Top Doctor Insights

    Wednesday, November 19, 2014 5:00:00 AM PDT | VentureDeal

       Palo Alto, California  --  Health question-and-answer site HealthTap has announced the launch of a new personalized medical information service.

    Called Top Doctor Insights, the service uses artificial intelligence to provide easily digestible lists of doctor insights on millions of health and wellness topics.

    The lists are curated and rated by the site's network of 64,000 US-based doctors and include broad categories such as diabetes and cancer as well as more specific, long-tail searches such as "healthy snacks for traveling abroad."

    HealthTap says it has served up more than 2.2 billion doctor answers to visitors.

    The company is venture capital-backed by top-tier investors and its most recent financing round was a $24 million Series B completed in May 2013.

    Top Doctor Insights is available to users free of charge.

Tuesday, November 18, 2014

  •  MakerBot Partners With Martha Stewart Living

    Tuesday, November 18, 2014 5:14:00 AM PDT | VentureDeal

       Brooklyn, New York  --  Desktop 3D printing company MakerBot has announced a partnership agreement with Martha Stewart Living Omnimedia (MSLO).

    Under the terms of the agreement, Martha Stewart will distribute 3D printing materials and jointly developed 3D printable designs using MakerBot products.

    "We are thrilled to work with MakerBot to bring our signature color palette and designs to the world of 3D printing," said Martha Stewart in a company announcement.

    Initial Martha Stewart filament colors will be Lemon Drop, Robin's Egg and Jadeite and are available in MakerBot retail and online stores now.
  •  Snapchat Launches Payment Service With Square

    Tuesday, November 18, 2014 5:01:00 AM PDT | VentureDeal

       Los Angeles, California  --  Chat app technology company Snapchat has announced a new payment functionality inside its application.

    The new service, powered by payments company Square, enables users to send money to friends without ever having to leave the application.

    Called Snapcash, the service aims to make it easier and faster to exchange funds with friends who also have a Snapchat account.

    Snapcash is available to users located in the United States who have a debit card and are 18 years of age or older.

Monday, November 17, 2014

  •  FanDuel Partners With Washington Redskins

    Monday, November 17, 2014 5:16:00 AM PDT | VentureDeal

       New York, New York  --  Fantasy sports technology company FanDuel has announced a "fully integrated marketing agreement" with the Washington Redskins.

    The Redskins will showcase the FanDuel fantasy sports gaming application across its digital properties and at home games at FedExField.

    FanDuel operates a one-day fantasy sports service that enables users to play fantasy sports league games that range in size from two to thousands of players.

    Buy-ins start at one dollar and payouts happen immediately after games end.

    The company says it pays out over $10 million in prizes every week.
  •  Threat Stack Launches Continuous Monitoring Service

    Monday, November 17, 2014 5:01:00 AM PDT | VentureDeal

       Las Vegas, Nevada  --  Cloud security technology company Threat Stack has announced the launch of its continuous security monitoring service.

    The new service operates in conjunction with Amazon Web Services (AWS) to "help customers meet their obligations in the shared responsibility model for security."

    Threat Stack use a lightweight agent that resides on the host system and auto-scales to fit the needs of the environment.

    The service helps users uncover potential new threats, add additional information to their base data and provides a range of related capabilities.

Technology News Archive »

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