FinSMEs

Ping Communication Secures NOK22M in Funding

2010-09-02T20:09:00.000+01:00

Ping Communication AS, an Oslo, Norway-based provider of high end broadband internet access devices and software, has secured NOK22m in new funding. Investors include Investinor AS, which committed NOK10m for a 26.3% share of the company, Alliance Venture Polaris and Tiger Holding AS (owned by PingCom’s founder Erik Syverinsen). In conjunction with the operation, Mr Jan Hassel, Investment

bMenu Raises NOK16.2M in Venture Capital Funding

2010-09-02T19:34:00.000+01:00

bMenu AS, an Oslo, Norway-based provider of software, called bMobilized, that automatically converts existing websites to user friendly websites for mobile phones, has raised NOK16.2m in venture capital funding. Investors include Investinor, which committed NOK7.35m for a 14.6% share of the company, existing shareholder Alliance Venture, founders and staff. In addition to bMobilized, bMenu

Apsis Receives Equity Investment from Norvestor

2010-09-02T18:56:00.000+01:00

Apsis Sweden AB, a Malmö, Sweden-based supplier of software-as-a-service solutions for permission based mass distribution of newsletters, has received an equity investment from Norvestor. Founded in 2001, the company provides its flagship product, Apsis Newsletter Pro, to over 5,000 customers in 40 countries. It also offers web survey services. Apsis, which operates offices in six countries,

Inflection Raises $30M in Series A Financing

2010-09-02T17:31:00.000+01:00

Inflection, LLC, a Palo Alto, Ca-based data and e-commerce company, has raised $30m in Series A financing. The investment was led by Matrix Partners and Sutter Hill Ventures. Inflection will use the funds to expand its team based in its downtown Palo Alto location and its member services center in Omaha, NE., invest in technology, and acquire customers. The company is hiring for engineers,

Opanga Networks Completes Series A Financing Round

2010-09-02T17:00:00.000+01:00

Opanga Networks, a Seattle, WA-based provider of pragmatic video optimization solutions, completed a Series A financing round. This latest round, which was led by Axtel S.A.B. de C.V, a publicly-traded telecommunications company, with participation from Opanga's existing investors, brings the total investment in the company tp US$5.5m. The new capital will support the company in expandind its

Allmyapps Completes €1m Series A Financing Round

2010-09-02T16:47:00.000+01:00

Allmyapps, a Roubaix, France-based operator of an application store for Windows, completed a €1m Series A round of financing. The investment was led by Elaia Partners. In addition, the company will receive support from the Microsoft IDEES program, an initiative dedicated to nurturing innovation in high-potential technology startups. Created in June 2009 by Thibauld Favre and Arnaud Coulondre,

TCMC Receives Equity Financing

2010-09-02T09:30:00.001+01:00

CRM Mobile Corp (TCMC), a Montrouge, France-based eCRM specialist, has received an equity financing of undisclosed amount from Newfund and other three private investors. Following the transaction, the founders and the management team remain majority shareholders in the company. TCMC develops and manages CRM programs on the Internet, mobile, via SMS or smartphone applications, and serves

Voltea Completes €3.6M Financing Round

2010-09-01T21:30:00.001+01:00

Voltea Ltd., a Leiden, The Netherlands-based advanced water desalination company, has completed a €3.6m financing. The round was led by Rabo Ventures, with participation from existing investor Pentair, Inc. The capital infusion will support the company in the commercial roll-out of its Capacitive Deionization (CapDI) technology, which can be used in water desalination processes ranging from

Celator Pharmaceuticals Raises $20M in Series D Private Equity Financing

2010-09-01T20:00:00.000+01:00

Celator Pharmaceuticals, Inc., a Princeton, NJ-based pharmaceutical company developing new therapies to treat cancer, raised $20m in a Series D private equity financing. The new capital will be used to support completion of ongoing clinical trials and activities related to advancing the company's lead investigational product, CPX-351 (Cytarabine:Daunorubicin) Liposome Injection as a treatment

Advantor Systems Receives Equity Investment From McCarthy Capital

2010-09-01T19:44:00.000+01:00

Advantor Systems, LLC, an Orlando, Florida-based designer and integrator of physical security systems, has received a growth equity investment of undisclosed amount led by McCarthy Capital Corporation. With an extensive experience securing high-profile government and commercial organizations and over 1,000 systems already deployed, the company aids in the design, distribution, integration,

Black Pearl Capital Closes First Private Equity Fund at USD$50M

2010-09-01T19:30:00.000+01:00

Black Pearl Capital, a Cayman Islands-based specialist asset management and advisory firm, closed its first private equity fund with a committed capital of USD$50m. The "Black Pearl Capital Partners (BPCP)" fund will focus on investing globally in growth sectors and distressed situations. The fund will have expects a 2/3 year investment period with a 5/7 year exit. Commenting on the closing,

Ambiq Micro Receives Initial Investment

2010-09-01T19:00:00.001+01:00

Ambiq Micro, a University of Michigan-based developer of generation energy-efficient microcontrollers that have the potential to extend the battery life of wireless devices, has received an initial funding of undisclosed amount from the Ross School of Business' Frankel Commercialization Fund. The company's technology could be used in smart credit cards, sensors that control temperature or detect

Accumetrics Raises Additional $7M

2010-09-01T18:20:00.000+01:00

Accumetrics, Inc., a developer and marketer of a point-of-care system for measuring platelet reactivity to multiple antiplatelet agents, has raised an additional $7m in a financing round first announced in the Fall of 2009. This brings the total amount raised by the company in this round to $24m. The capital infusion comes primarily from the company's existing investors, including Arnerich

Copiun Secures $1.9M in Series A Funding

2010-09-01T17:59:00.000+01:00

Copiun Inc., a provider of corporate endpoint data management solutions, has secured $1.9m in Series A funding. The round was led by Hub Angels and RRE Ventures, with participation from Launchpad Venture Group, Beacon Angels, and Launch Capital. The funding will be used to expand market adoption and customer acquisition for the company's solutions that enable corporations to regain control of

CallMiner Closes $4M in Series C Financing

2010-09-01T17:41:00.000+01:00

CallMiner Inc., a Fort Myers, Florida-based provider of an advanced enterprise speech analytics product, has closed $4m in Series C financing. Investyors include Sigma Partners, Intersouth Partners, Inflexion Partners and an undisclosed strategic partner. The company will use the proceeds to expand its activities. CallMiner Eureka!® enables organizations to hear and act on the true voice

Chartbeat Raises $3M in Series A Funding

2010-09-01T10:00:00.001+01:00

Chartbeat Inc., a New York-based a real-time analytics service, raised $3m in its Series A funding. The round was led by from Index Ventures, with paticipation from O’Reilly AlphaTech Ventures, Jeff Clavier, Freestyle Capital, Lowercase Capital, Founders Collective, SV Angel, Lerer Ventures, Jason Calacanis, Josh Stylman & Peter Hershberg, Betaworks, Alex Zubillaga and Fritz Lanman. Chartbeat

MapMyFITNESS Raises $5.0M in Series A Financing

2010-08-31T20:05:00.000+01:00

MapMyFITNESS, a Denver, CO-based company that offers comprehensive online and mobile fitness tracking applications, has raised $5.0m in a Series A financing. Following the round, which was led by Austin Ventures, the company intends to move its corporate headquarters to Austin, TX, while at the same time continuing its strong presence in Denver, CO.The financing will enable MapMyFITNESS to

Urban Intern Completes Angel Financing Round

2010-08-31T17:13:00.000+01:00

Urban Intern, a New York-based company that operates an online marketplace that connects companies with people seeking part time jobs, internships and freelance positions, has completed its round of angel financing. As also stated by Cari Sommer, who co-founded the company alongside Lauren Porat, Urban Interns will use the new capital to enhance its website, launch new marketing programs and

EnterpriseDB Receives investment from KT; Raises Venture Capital from TransLink Capital

2010-08-31T16:36:00.000+01:00

EnterpriseDB, a Westford, Mass-based company provider of products, services, support and training based on the PostgreSQL open source database, has received a strategic investment from KT and has raised venture capital funding from TransLink Capital. The new funding will enable the company to expand its product and marketing operations. In conjunction with the investment, TransLink Capital’s

Merkle Receives Minority Equity Investment from Technology Crossover Ventures

2010-08-31T15:18:00.000+01:00

Merkle, a Columbia, MD-based large customer relationship marketing agency, has received a minority equity investment from Technology Crossover Ventures (TCV). As a result of the transaction, Merkle gains access to TCV’s vast network, industry experience and funding to further enable the rapid expansion of its CRM, Marketing Technology and Digital Marketing capabilities. In conjunction with the

Unite Private Networks Receives Majority Investment from Ridgemont Equity Partners

2010-08-31T14:51:00.000+01:00

Unite Private Networks (UPN), a Kansas City, MO-based provider of high-bandwidth, fiber-based communications networks, has signed a definitive agreement for a majority investment with Ridgemont Equity Partners, a new middle market buyout and growth equity firm. The new partnership will enable the business to continue to expand and serve new markets. UPN currently provides schools, government,

ClearCount Medical Solutions Closes $5M Series B Financing Round

2010-08-31T14:26:00.000+01:00

ClearCount Medical Solutions, a Pittsburgh, PA-based medical device company focused on patient safety solutions, closed its $5m Series B financing round. Investors include both new and existing sharoholders, with participation from its leading backer Draper Triangle Ventures. The company will use the funds to accelerate market penetration and research and development of its RFID-based patient

Institutional Venture Partners Closes $750M Later-Stage Venture Capital and Growth Equity Fund

2010-08-31T13:08:00.000+01:00

Institutional Venture Partners (IVP) has closed a $750m later-stage venture capital and growth equity fund. Following the strategy of the firm, IVP XIII will invest in rapidly-growing companies operating in the Internet and Digital Media, Communications and Wireless, and Enterprise IT sectors across the United States. Investments will range in size from $10m to $50m. Limited Partners for IVP

Apptio Raises $16.5M in Series C Funding

2010-08-31T12:54:00.000+01:00

Apptio, a Bellevue, WA-based provider of on-demand Technology Business Management (TBM) solutions, raised $16.5m in an oversubscribed series C round of funding. The investment was led by Shasta Ventures, with participation from all existing investors including Andreessen Horowitz, Greylock Partners and Madrona Venture Group. The funding will be used to scale Apptio's business across all functions

Sojern Secures $9M in Venture Capital Funding

2010-08-31T11:28:00.000+01:00

Sojern, an Omaha Neb.-based vertical travel advertising network that offers advertisers cross-channel marketing solutions, has secured $9m in new funding. The investment was led by Focus Ventures, Trident Capital and Norwest Venture Partners. The new capital will be used to expand Sojern’s product offerings which will provide enhanced solutions for its travel and advertising industry partners