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Deal Announcements

Wednesday, November 26, 2014

  •  VentureDeal To Observe US Thanksgiving Holiday

    Wednesday, November 26, 2014 8:13:00 AM PDT | VentureDeal

       Menlo Park, California  --  Venture capital database VentureDeal will observe the U.S. Thanksgiving weekend holiday.

    We will begin publishing again on Monday, December 1.

    VentureDeal Staff

Tuesday, November 25, 2014

  •  Spreecast Gathers Venture Capital Equity Funding

    Tuesday, November 25, 2014 5:46:00 AM PDT | VentureDeal

       San Francisco, California  --  Digital media technology company Spreecast has received $3 million in venture capital equity investment, according to an SEC regulatory filing.

    Spreecast provides a social video platform that "lets people broadcast together, creating shared experiences that inform and entertain."

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

    Spreecast is backed by a syndicate of venture capital firm investors.
  •  Host Analytics Adds $25 Million Growth Venture Capital

    Tuesday, November 25, 2014 5:33:00 AM PDT | VentureDeal

       Redwood City, California  --  Software technology company Host Analytics has received $25 million in growth stage venture capital investment.

    Host provides a cost-effective suite of business performance management software as a hosted, on-demand solution.

    Centerview Capital Technology led the round which also included previous investors Advanced Technology Ventures, Next World Capital, StarVest Partners and Trident Capital.

    The company said it would use the proceeds to fund continued organic growth in United States and drive international expansion.

Monday, November 24, 2014

  •  CloudLock Locks In Venture Capital Funds

    Monday, November 24, 2014 5:45:00 AM PDT | VentureDeal

       Waltham, Massachusetts  --  Internet data technology company CloudLock has raised $6.7 million in new venture capital financing, according to an SEC regulatory filing.

    CloudLock enables the control of data while at the same time receiving the benefits of cloud cost savings and collaboration.

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

    CloudLock is backed by a syndicate of venture capital firms.
  •  Aortica Accepts Series A Venture Capital

    Monday, November 24, 2014 5:31:00 AM PDT | VentureDeal

       Mercer Island, Washington  --  Medical device technology company Aortica has secured $7 million in its first round of institutional venture capital.

    Aortica is "designing a patient-specific technology that will allow physicians to more effectively treat the 30-40% of AAA patients who would prefer the benefits of EVAR, but are currently forced to undergo invasive surgery."

    Investors in the financing were not disclosed.

    Aortica plans to use the proceeds to complete its IDE pivotal study process.

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.

Deal Announcement Archive »

Technology News

Wednesday, November 26, 2014

Tuesday, November 25, 2014

  •  Acculynk Buys IP From PayPlum

    Tuesday, November 25, 2014 5:16:00 AM PDT | VentureDeal

       Atlanta, Georgia  --  Payment processing technology company Acculynk has acquired certain intellectual property from PCI developer PayPlum.

    Acculynk said it is acquiring the entire IP portfolio for unique messaging protocol technology that safely and securely enables merchants to accept and transport sensitive cardholder data.

    The hosted functionality includes tools such as PCI compliance, merchant control and fraud mitigation.

    Acculynk said it will also acquire "one-page checkout" technologies developed by PayPlum.

    Financial terms of the intellectual property acquisition agreement were not disclosed by the parties.
  •  SimpliVity Launches OmniStack With Cisco UCS

    Tuesday, November 25, 2014 5:01:00 AM PDT | VentureDeal

       London, UK  --  SimpliVity announced the general availability launch of its integrated solution with Cisco UCS.

    Called OmniStack Integrated Solution, the hyperconverged infrastructure assimilates 8 to 12 core data center services on Cisco C-Series Rack-Mount systems.

    Some of the converged functionalities include hypervisor, compute, storage, network switching, replication, caching and WAN optimization.

    Pricing for the core functionality starts at $54,850.

Monday, November 24, 2014

  •  Bipsync Organizes Your Financial Research

    Monday, November 24, 2014 10:12:00 AM PDT | VentureDeal



    If you're an investor or financial analyst, chances are you encounter a lot of unstructured information while evaluating potential investments or companies. Unstructured information in the form of tweets, notes, links to articles, reports and comments.

    Bipsync is a startup that aims to organize that information in a single place and help users in the process.

    The company just closed on a $1.5 million financing round to execute on that vision.

    In testing out the service, I found it easy to sign up for and begin using, as it provides a good on-boarding tour, showing users how the system works.

    Think Evernote, only purpose-build for the financial sector, with user-defined tag categories on the left and a full text editor on the right of the screen.





    In fact, the system specifically allows users to import their Evernote data and collaborate/share with team members.

    Data services bring in stock quotes for publicly traded companies as well, and pre-defined templates are also provided.

    I talked with Bipsync's founder and CEO Danny Donado to get a sense of where they see themselves in the market space (edited for space):

    VentureDeal: What is the market space you are operating in?

    Donado: This is really about knowledge management - managing the investing process for unstructured information.

    VentureDeal: Where is Bipsync in its development?

    Donado: We currently have 5 reference customers and believe we have early product/market fit. One of those customers, Steadfast Financial, became a significant investor in this funding round after using the service.

    VentureDeal: What does Bipsync want to be for users?

    Donado: We want to be the "2nd screen" that investors and analysts use to pull together all of their unstructured information.

    VentureDeal: What is your go-to-market model?

    Donado: We're feeling it out a bit and know we can make the direct sales model work. But we want to first try the lower-touch, online model. We've built a consumer friendly, intuitive service.

    VentureDeal: How are you using the proceeds from this $1.5 million financing?

    Donado: We are focused on customer success and hiring additional account managers, while continuing to build out functionality.

    VentureDeal: What are your expansion plans?

    Donado: We are currently New York-based and focused, since there is a large existing market of financial service opportunities here. Our development team is actually based in the UK, so we have obvious expansion possibilities there the future.

    Individual investors and small teams up to 3 in size can sign up to use the company's free open beta service, which has no time limit.

    Pricing for 5 user teams starts at $2,000 per month and includes unlimited uploads, SLA support, compliance reports, in-person training and configurable content fields.
  •  Tradable Awarded Best Mobile Trading Award

    Monday, November 24, 2014 5:16:00 AM PDT | VentureDeal

       Copenhagen, Denmark  --  Trading platform company Tradable announced that it has been named Best Mobile Platform Solution at the Forex Magnates Summit Awards in London.

    The Tradable platform was originally launched in 2012, called the Open Trading Platform for OSX.

    The company has expanded on the original launch by creating a mobile platform to enable traders to have access to the system from a variety of mobile devices.

    Tradable says that it has forged partnerships with well-known forex organizations in Japan, the US and Turkey.
  •  Livefyre Launches New Engagement Platform

    Monday, November 24, 2014 5:01:00 AM PDT | VentureDeal

       San Francisco, California  --  Online technology company Livefyre has announced the launch of what it calls the first real-time content marketing engagement platform.

    Called Livefyre Studio, the system enables marketers to integrate Livefyre's network of content into their digital marketing assets and mobile apps.

    The point of the service is to allow marketers to build social relationship strategies around sites that can deliver value to their users, rather than engaging on a social network.

    The system includes an "expensive set of pre-built engagement apps, design tools and management features."

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."

Technology News Archive »

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