Boston-Power Inc.
Westborough, Mass.
www.boston-power.com
Amount/Round: $6.4M/E
Investors: NA
Details: Develops lithium-ion batteries. The funding expands the Series E round from $60M to $66.4M, according to a regulatory filing. The company previously announced that Foundation Asset Management and Oak Investment Partners co-led the round and were joined by fellow return backers Venrock and Gabriel Venture Partners. The company has now raised about $191M in total VC funding since 2005.
Bright Automotive Inc.
Anderson, Ind.
www.brightautomotive.com
Amount/Round: $5M/NA
Investors: GM Ventures.
Details: Makes hybrid and electric vehicles. The company previously raised more than $11M in funding from White Pines Partners and Duke Investments.
CONSUMER INTERNET
Redbeacon
San Mateo, Calif.
www.redbeacon.com
Amount/Round: $7.4M/A
Investors: Mayfield Fund and Venrock.
Details: Provides a local search directory. The company was founded by three former Google employees.
StatusNet Inc.
Montreal
www.status.net
Amount/Round: NA/NA
Investors: FirstMark Capital (led), BOLDstart Ventures, iNovia Capital and Montreal Start Up.
Details: Provides an open-source microblogging service, similar to Twitter, but designed for businesses.
WeShop
New York
www.weshop.com
Amount/Round: $4.25M/A
Investors: Individual investors, including Jonathan Miller (chairman and CEO of Digital Media Group of News Corp.), Frank Kenny (Delta Partners), Martin White (founder and CEO of Abacus Direct) and Carlos Sala (CFO of Abacus Direct).
Details: Operates an online shopping network.
Zulily
Seattle
www.zulily.com
Amount/Round: $6M/B
Investors: August Capital (led) and Maveron LLC.
Details: Operates a private sale shopping site for children’s items. The company has now raised nearly $11M in funding. The company is led by CEO Darrell Cavens and Chairman Mark Vadon, former executives at Seattle-based online jeweler Blue Nile.
DIGITAL IMAGING
Pelican Imaging Corp.
Soquel, Calif.
www.pelicanimaging.com
Amount/Round: NA/NA
Investors: In-Q-Tel.
Details: Develops technology to commercialize computational cameras. The company previously raised $7M from Granite Ventures and InterWest Partners.
HEALTH CARE
Explorys Inc.
Cleveland
www.explorys.net
Amount/Round: $2.6M/B
Investors: Santé Ventures (led) and Cleveland Clinic Innovations.
Details: Provides cloud computing solutions for health care data. In 2009, the company raised $1M in funding led by Cleveland-based 23Bell LLC and an investment group that included Explorys CEO Stephen McHale; President and CTO Charlie Lougheed; Genesis Inventions of Austin, Texas; and Steven Lindseth, co-founder and former chairman of Cleveland-based Axentis Inc., which sells governance, risk and compliance software.
Health Market Science
King of Prussia, Penn.
www.healthmarket.com
Amount/Round: $6.1M/B
Investors: Cross Atlantic Capital Partners (led) and Edison Venture Fund.
Details: Provides data and analytics solutions for the health care market.
MARKETING
AdMeld Inc.
New York
www.admeld.com
Amount/Round: $15M/C
Investors: Norwest Venture Partners (led), Time Warner Investments, Foundry Group and Spark Capital.
Details: Provides online advertising optimization and integration. The company previously raised $15M in funding.
eXelate
New York
www.exelate.com
Amount/Round: $15M/B
Investors: Menlo Ventures (led) and Carmel Ventures.
Details: Operates an open marketplace for providing audience targeting data. The company, previously based in Israel, had raised a $4M first round of funding three years ago.
Xtify
New York
www.xtify.com
Amount/Round: $2.8M/A
Investors: Acadia Woods Partners and SeventySix Capital.
Details: Develops a mobile push notification platform to deliver ads to consumers when they are within a predefined location of a business.
MULTIMEDIA
Morega Systems
Mississauga, Ontario
www.morega.com
Amount/Round: $10M/B
Investors: Celtic House Venture Partners (co-led), GrowthWorks (co-led) and the Ontario Emerging Technologies Fund.
Details: Develops media mobility solutions for the digital home.
NETWORKING
Accedian Networks
Montreal
www.accedian.com
Amount/Round: $19.5M/NA
Investors: Summit Partners (led), Rho Ventures and Skypoint Capital.
Details: Provides high-performance service assurance solutions for carrier Ethernet and IP networks.
PHARMACEUTICALS
HemaQuest Pharmaceuticals
Newton, Mass.
www.hemaquest.com
Amount/Round: $4M/B
Investors: Latterell Venture Partners.
Details: Develops small-molecule therapeutics to treat serious blood disorders. The company previously held a $12M first close on the round from Aberdare Ventures (led), De Novo Ventures, Forward Ventures and Lilly Ventures. It has now raised a total of $36M in funding.
SECURITY
Axcient Inc.
Mountain View, Calif.
www.axcient.com
Amount/Round: $9M/B
Investors: Thomvest Ventures (led), Allegis Capital and Peninsula Ventures.
Details: Provides data protection and business continuity solutions.
YouSendIt Inc.
Campbell, Calif.
www.yousendit.com
Amount/Round: $15M/D
Investors: Adams Street Partners (led), Emergence Capital, Sigma Partners and Alloy Ventures.
Details: Provides secure digital content delivery solutions. Robin Murray, partner at Adams Street Partners, has joined the board. He joins a board lineup that includes Brian Jacobs, general partner at Emergence Capital; Bob Spinner, managing director at Sigma Partners; Ammar Hanafi, general partner at Alloy Ventures; Nick Sturiale, general partner at JAFCO; Brett Caine, senior vice president and general manager, online services division at Citrix Systems; Ranjith Kumaran, founder and CTO of YouSendIt; and Ivan Koon, CEO of YouSendIt.
SOFTWARE
Blue Cod Technologies
Marlborough, Mass.
www.bluecod.net
Amount/Round: $8M/NA
Investors: General Electric Pension Trust (led) and Edison Venture Fund.
Details: Provides outsourcing and hosted policy administration software to the property and casualty insurance industry.
BoxTone
Columbia, Md.
www.boxtone.com
Amount/Round: $7.5M/B
Investors: Lazard Technology Partners.
Details: Develops software that helps companies manage smartphones for their workforce.
RealPractice Inc.
Santa Ana, Calif.
www.realpractice.com
Amount/Round: NA/NA
Investors: Rustic Canyon Partners and Miramar Venture Partners.
Details: Provides legal technology products and services. The company previously raised more than $5.5M in funding.
WorkFlex Solutions LLC
Cincinnati
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Amount/Round: $1.5M/A
Investors: CincyTech.
Details: Develops software for managing call center staffing. Charles Corfield, a private investor and entrepreneur, has joined the board.
Xactly Corp.
San Jose, Calif.
www.xactlycorp.com
Amount/Round: $12M/NA
Investors: Bridgescale Partners (led), Alloy Ventures, Bay Partners, Cheyenne Partners, Glynn Capital Management, Outlook Ventures and Rembrandt Ventures.
Details: Provides on-demand sales performance management solutions. The company has raised nearly $70M in total equity funding.
STORAGE
Pancetera
Santa Clara, Calif.
www.pancetera.com
Amount/Round: $5M/A
Investors: Onset Ventures and Hummer Winblad Venture Partners.
Details: Provides virtual storage optimization solutions. The funding, recently reported, initially closed in 2009. Henrik Rosendahl, the former head of Thinstall (acquired by VMware), has been named as the new CEO of the company.
SolidFire
Atlanta
www.solidfire.com
Amount/Round: $1M/A
Investors: Valhalla Partners and Novak Biddle Venture Partners.
Details: Provides cloud computing storage platform. Charles Curran, Valhalla general partner, and Phil Bronner, Novak Biddle general partner, have joined the board.
WIRELESS COMMUNICATIONS
MobileIron Inc.
Mountain View, Calif.
www.mobileiron.com
Amount/Round: $16M/C
Investors: Foundation Capital (led), Storm Ventures, Sequoia Capital, Norwest Venture Partners and Big Basin Ventures.
Details: Develops a virtual smartphone platform. The company, which also has offices in the Netherlands and Hyderabad, India, previously raised a $9M funding round in August 2009.
Payfone Inc.
New York
www.payfone.com
Amount/Round: $11M/B
Investors: Opus Capital, BlackBerry Partners Fund and RRE Ventures.
Details: Develops technology that allows users to pay for online goods by using mobile credit. The company previously raised $1.6M in funding. Bob Borchers of Opus Capital and Kevin Talbot of BlackBerry Partners Fund, have joined the board.
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