Deal Announcements

Friday, July 03, 2015

Thursday, July 02, 2015

  •  FanBread Snags More Venture Capital Equity

    Thursday, July 02, 2015 5:45:00 AM PDT | VentureDeal

       Santa Monica, California  --  Digital media technology company FanBread has received $1.9 million in equity financing, according to an SEC regulatory filing.

    FanBread has developed a service that "helps influencers earn more revenue from their social content output."

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

    FanBread is still seeking $950,000 in additional financing, according to the filing.

    The company counts the Pasadena Angels among its previous investors.
  •  908 Devices Adds To Series C Financing

    Thursday, July 02, 2015 5:30:00 AM PDT | VentureDeal

       Boston, Massachusetts  --  Electronics technology company 908 Devices has received additional third round venture capital funding.

    908 Devices provides a variety of miniaturized diagnostic and other electronic detection and identification tools.

    Casdin Capital and other individual investors made the add-on investment in the Series C round.

    The company said it would use the additional capital to accelerate its entry into the life science Market with Its High-Pressure Mass Spectrometry technology.

    908 previously raised $11.6 million in the first part of its Series C round.

Wednesday, July 01, 2015

  •  Rithmio Rakes In $3 Million Equity and Debt

    Wednesday, July 01, 2015 5:45:00 AM PDT | VentureDeal

       Chicago, Illinois  --  Software technology developer Rithmio has received $3 million in its fourth round of venture capital funding.

    Rithmio is commercializing technologies that improve gesture recognition and control on mobile and wearable devices.

    KGC Capital and Intel Capital co-led the round, which included numerous Illinois-based investors.

    The company said it would use the funding to enhance its developer community outreach to create the next generation of wearables and other products based on its gesture recognition software.

    The company was cofounded by CEO Adam Tilton and CTO Prashant Mehta.
  •  Chrome River Garners $100 Million Growth Equity

    Wednesday, July 01, 2015 5:30:00 AM PDT | VentureDeal

       Los Angeles, California  --  Software technology company Chrome River Technologies has received $100 million in growth stage venture capital funding.

    Chrome River has developed technologies for expense and invoice business process automation.

    Great Hill Partners made the investment.

    Matthew Vettel, Managing Partner of Great Hill, led the effort for his firm.

    The company did not say specifically how it would use the new funding.

Tuesday, June 30, 2015

  •  KineMed Raises New Venture Capital Equity

    Tuesday, June 30, 2015 5:45:00 AM PDT | VentureDeal

       Emeryville, California  --  Pharmaceutical technology company KineMed has received $1.7 million in new venture investment, according to an SEC regulatory filing.

    KineMed has developed a proprietary translational medicine technology that helps identify active drug candidates and confirm their therapeutic activity.

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

    KineMed is still seeking $10.8 million in additional financing, according to the filing.

    (Not an offer or solicitation for sale of securities.)
  •  Airtable Accepts Development Venture Capital

    Tuesday, June 30, 2015 5:30:00 AM PDT | VentureDeal

       San Francisco, California  --  Software technology company Airtable has received $7.6 million in new venture capital funding.

    Airtable is developing software that enables users to more easily work with databases.

    CRV led the round, which included Freestyle Capital, CrunchFund, Founder Collective, Data Collective, Caffeinated Capital and numerous individual investors.

    The company said it would use the funding to accelerate its product development.

    Founders of Airtable are CEO Howie Liu and CTO Emmett Nicholas.

Monday, June 29, 2015

  •  Qwilt Collects Series D Venture Investment

    Monday, June 29, 2015 5:45:00 AM PDT | VentureDeal

       Redwood City, California  --  Digital media technology company Qwilt has landed $25 million in its fourth round of institutional venture capital investment.

    Qwilt has developed a "unified, turnkey solution that combines transparent casing, video delivery and analytics technologies deployed at the subscriber edge."

    Disrupt-ive Led the round, which included previous investors Bessemer Venture Partners, Accel Partners, Redpoint Ventures and Marker.

    The company said it would use the funding to scale its operations.

    Qwilt has raised $65 million in total capital to date.
  •  Bento Banks New Venture Capital Funding

    Monday, June 29, 2015 5:30:00 AM PDT | VentureDeal

       Sacramento, California  --  Food delivery technology company Bento has received $1.5 million in early stage venture investment.

    Bento is developing a service that enables users to receive Bento box meals within minutes in metropolitan areas.

    LAUNCH Fund was the lead investor in the round, which included other undisclosed investors.

    Jason Calacanis of Los Angeles was the lead partner involved in the deal.

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

Deal Announcement Archive »

Technology News

Friday, July 03, 2015

Thursday, July 02, 2015

  •  Theranos Launches Online Patient-Doctor Resource

    Thursday, July 02, 2015 5:15:00 AM PDT | VentureDeal

       Phoenix, Arizona  --  Clinical healthcare laboratory Theranos has announced the launch of a new online resource aimed at connecting patients with doctors.

    Called Theranos MD Connect, the service enables patients to connect immediately with a primary care physician once they have received their results.

    The company provides laboratory testing services in its Wellness Centers in Arizona and Palo Alto.

    Theranos also highlighted its lower cost pricing structure in its announcement.

    The company was founded in 2003 by Elizabeth Holmes.
  •  Rocket Lab To Build Orbital Launch Site

    Thursday, July 02, 2015 5:00:00 AM PDT | VentureDeal

       Los Angeles, California  --  Rocket Lab has announced its intention to build and operate what it calls the first commercial orbital launch site.

    The company said that it will build the facility in the Canterbury region of New Zealand's South Island.

    The site will be used by its customers to launch imaging and communications satellites used for a variety of services such as weather monitoring, natural disaster management, search and rescue data, GPS and Internet from space.

    Rocket said that it selected the site based on its ability to launch vehicles to a wide range of inclinations from sun-synchronous through 245°.

    The company estimates that the site is will be completed and ready for testing in the fourth quarter of 2015.

Wednesday, July 01, 2015

  •  HealthTap And Quest Partner On Virtual Testing

    Wednesday, July 01, 2015 5:15:00 AM PDT | VentureDeal

       Palo Alto, California  --  HealthTap and Quest Diagnostics (NYSE: DGX) have announced a virtual diagnostic testing collaboration.

    Under the terms of the partnership, doctors will be able to order diagnostic testing services for patients through HealthTap's virtual care platform, which will then be filled by Quest.

    HealthTap will open the new service to its network of doctors for patients who seek virtual consultations via its online system.

    The system promises to reduce the amount of waiting time between a patient wanting to see a doctor as well as speeding up the process for ordering off-line diagnostic testing.

    Patients will also be able to view the results of their tests from any mobile device or personal computer.
  •  Toyota Fuel Cell Vehicle Goes Record Distance

    Wednesday, July 01, 2015 5:00:00 AM PDT | VentureDeal

       Aspen, Colorado  --  Global automaker Toyota announced that its hydrogen fuel-cell electric vehicle has traveled a record range.

    The Toyota Mirai has an EPA-estimated driving range rating of 312 miles on a single fill of hydrogen, which the company says is the longest driving range of any zero emissions vehicle on the market.

    Mirai will be the world's first mass-produced hydrogen fuel cell electric vehicle when it hits dealers in California in the fall.

    The vehicle will offer a 67 miles per gallon equivalent city/highway/combined performance.

    Toyota will offer a variety of services with the three year lease, such as no-cost scheduled maintenance, no-cost enhanced roadside assistance and trip interruption reimbursement at a maximum of $500 per day for up to five days per incident.

Tuesday, June 30, 2015

  •  Medversant Launches Licensing and Enrollment Solution

    Tuesday, June 30, 2015 5:15:00 AM PDT | VentureDeal

       Los Angeles, California  --  Medversant Technologies has announced the launch of a new web-based software system for licensing state healthcare providers.

    Called LicenseSource, the software is designed for government organizations to help them provide faster and more accurate healthcare provider licensing.

    The application was developed in concert with state government officials.

    LicenseSource also "opens the possibility to connect state license data with other important state processes such as Medicaid enrollment, and supports credentialing activities of government healthcare organizations."

    The company says the application has already been successfully piloted in the state of Michigan.
  •  SCRA Accepts Two New Technology Companies

    Tuesday, June 30, 2015 5:01:00 AM PDT | VentureDeal

       Summerville, South Carolina  --  Technology incubator SCRA Technology Ventures has announced the acceptance of two new companies into its SC Launch program.

    The two companies are Columbia-based RandomWalk Innovations and Spartanburg-based Resiliency Technologies.

    The companies receive mentoring and a variety of support services as part of the program.

    They also are eligible to potentially receive matching funding or larger investment depending on a variety of factors.

    SCRA says that its cumulative output into South Carolina's economy has exceeded $18 billion.

Monday, June 29, 2015

  •  Suneris Launches Vet Anti-Bleeding Product

    Monday, June 29, 2015 5:14:00 AM PDT | VentureDeal

       Brooklyn, New York  --  Biotechnology company Suneris has announced the launch of a new anti-bleeding product for the veterinarian market.

    Called Vetigel, the plant-based gel stops severe bleeding in less than 12 seconds versus the current standard of care which it says takes 2 to 3 minutes to accomplish.

    The treatment works by "taking on the properties of the tissue with which it comes in contact, thus solidifying to stop the flow of blood from the wound."

    The clot formed by the product is also strong enough to withstand the removal of excess gel around the clotted area.

    The new product will be available in the US and UK markets later this summer, according to a company statement.
  •  BitGold Launches Platform In United States

    Monday, June 29, 2015 5:01:00 AM PDT | VentureDeal

       Toronto, Canada  --  Financial services company BitGold (TSX-V: XAU) has announced the launch of its platform for residents of the United States and its territories.

    US residents can now sign up for the BitGold platform to buy, sell or redeem gold using its Aurum payment and settlement technology.

    The company said that the ability to send and receive gold payment features are not currently available in the US.

    BitGold said that it's "mission is to make gold accessible and useful insecure savings."

    The company also provides users with a secure vault account to purchase gold with a variety of electronic payment methods. The gold is stored in vaults administered by The Brink's Company.

Technology News Archive »

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