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Venture Capital Deals

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
Down Arrow Button Icon
June 27, 2011, 2:15 PM ET

The SAVO Group, a Chicago-based provider cloud-based sales enablement technology and consulting solutions, has raised $14 million in VC funding. SAP Ventures led the round, and was joined by return backer Sterling Partners. www.savogroup.com

LikeALittle (LAL), a Palo Alto, Calif.-based “flirting” app, has raised $5 million in Series A funding led by Andreessen Horowitz. www.likealittle.com

THURSDAY, JUNE 30

Sorbent Therapeutics, a Sunnyvale, Calif.-based developer of therapies for cardiovascular and renal disorders, has raised $36 million in new Series B funding, bringing the round total to $53 million.Novartis Venture Funds led the new tranche, and was joined by existing backers Sofinnova Ventures, ARCH Venture Partners, CMEA Capital and AgeChem. www.sorbent.com

Braintree, a Chicago-based provider of credit card payment processing solutions, has raised $34 million in Series A funding from Accel Partners. www.braintreepayments.com

Semprius Inc., a Durham, N.C.-based maker of high-concentration solar modules, has raised $20 million in the first tranche of its Series C funding round. Siemens Venture Capital led the round and was joined by ARCH Venture Partners, Applied Ventures, Illinois VENTURES, Intersouth Partners, In-Q-Tel and GVC Investment. www.semprius.com

Aegea Medical Inc., a Redwood City, Calif.-based developer of minimally-invasive treatments for abnormal uterine bleeding,, has raised $13.3 million in new VC funding. Covidien Ventures led the round, and was joined by return backers Alloy Ventures and Delphi Ventures. www.aegeamedical.com

Neul, a UK-based developer of a white space radio system, has raised £8 million in new VC funding.DFJ Esprit led the round, and was joined by IQ Capital and Cambridge Angels. www.neul.com

Tenex Health Inc., a Lake Forest, Calif.-based developer of minimally-invasive therapies for removal of diseased soft tissue and restoration of musculoskeletal function., has raised $5 million in Series A funding. VCI Partners led the round. www.tenexhealth.com

Gizmox, an Israel-based developer of a data-centric application development platform, has raised an undisclosed amount of strategic funding from Citrix Systems. www.visualwebgui.com

The Clymb, a Portland, Ore.-based provider of members-only flash sales on outdoor products and experiences, has raised more than $2 million in Series A funding co-led by the Oregon Angel Fund andWalden Venture Capital. www.theclymb.com

GateGuru, an app that helps users find and rate airport services like restaurants, has raised $800,000 in seed funding. Backers include Allen Morgen, Tom Glocer (CEO of Thomson Reuters), Chamath Palihapitiya (Embarcadero Ventures), Matt Daimler, Brad Harrison and Thomas Lehrman. GateGuru founder Dan Gellert previously was with Time Warner Investments. www.gateguru.com

WEDNESDAY, JUNE 29

Square, a San Francisco-based provider of mobile payment solutions, has raised $100 million in Series C funding at a reported pre-money valuation of $1 billion. Kleiner Perkins Caufield & Byers led the round, and was joined by Tiger Global Management and return backers like Sequoia Capital and Khosla Ventures. www.square.com

Dynamics Inc., a Pittsburgh-based developer of next-gen payment cards and systems, has raised $35 million in Series B funding. Bain Capital Ventures led the round, and was joined by return backers like Adams Capital Management. www.powercards.com

RockMelt, a Mountain View, Calif.-based social browser developer, has raised $30 million in new VC funding. Accel Partners and Khosla Ventures were joined by return backer Andreessen Horowitz, Bill Campbell, Ron Conway and Josh Kopelman. www.rockmelt.com

Animoto, a New York-based online video creation service, has raised $25 million in new funding.Spectrum Equity Investors led the round, and was joined by return backers Madrona Venture Group and Amazon.com. www.animoto.com

Blue Jeans Network, a Santa Clara, Calif.-based developer of cloud-based multi-party video conferencing services, said that it has raised $23.5 million in VC funding from Accel Partners, New Enterprise Associates, and Norwest Venture Partners. No word on when the money was actually raised, since the disclosure was part of a larger announcement about the company emerging from stealth mode. www.bluejeans.com

Pet360 Inc., a Philadelphia-based online pet information and ecommerce company, has raised $18 million in new VC funding. Updata Partners led the round, and was joined by return backer LLR Partners. www.pet360.com

SiliconBlue Technologies, a Santa Clara, Calif.-based provider of custom mobile device solutions, has raised $18 million in Series D funding. Atlantic Bridge led the round, and was joined by return backers BlueRun Ventures, Crosslink Capital, New Enterprise Associates and Apex Venture Partners.www.siliconbluetech.com

Wuhan Kindstar Diagnostics Co., a Chinese provider of esoteric diagnostic testing services to hospitals and physicians, has raised $11 million in Series B funding. WI Harper Group, Baird Capital Partners Asia and the Mayo Clinic were joined by return backer Morningside Ventures. www.kindstarglobal.com

MC10, a Cambridge, Mass.-based conformal electronics startup, has raised $12.5 million in Series B funding. Braemar Energy Ventures led the round, and was joined by return backers North Bridge Venture Partners, Osage University Partners, and Terawatt Ventures.

Fresco Microchip Inc., a Toronto-based maker of RF, analog and digital semiconductors for consumer devices, has raised C$9 million in Series C funding. The Ontario Venture Capital Fund was joined by return backers Celtic House Venture Partners and Ventures West. www.frescomicrochip.com

Ifeelgoods, a Menlo Park, Calif.-based retail promotions company, has raised $6.5 million in Series A funding. Idinvest led the round, and was joined by return backer Tugboat Ventures. www.ifeelgoods.com

HealthTeacher, a Nashville, Tenn.-based provider of online health and wellness information for children and adolescents, has raised $5.27 million in Series C funding. Chrysalis Ventures led the round, and was joined by SSM Partners. www.healthteacher.com

Benchmark Capital and Yahoo Inc. have partnered to form Hortonworks, a company designed to further the development of open-source Apache Hadoop technology. No financial terms of the investment were disclosed. Hortonworks will both contribute to Apache Hadoop, and assist enterprises and technology vendors in developing and deploying Apache Hadoop-based solutions. www.hortonworks.com

TUESDAY, JUNE 28

NovaSom Inc., a Glen Burnie, Md.-based provider of diagnostic test kits for obstructive sleep apnea, has raised $35 million in new VC funding. Safeguard Scientifics led the round, and was joined by return backers TPG Biotech and Quaker BioVentures. www.novasom.com

InfraReDx Inc., a Burlington, Mass.-based developer of cardiovascular diagnostic imaging technologies, has raised $24.1 million in new VC funding. Return backers include Sandlering Ventures. The company has now raised over $125 million. www.infraredx.com

Nimbus Discovery LLC, a Cambridge, Mass.-based drug startup that uses computational technology, has raised $24 million in Series A funding. Atlas Venture, SR One and Lilly Ventures were joined by existing shareholder Bill Gates. www.numbusdiscovery.com

Produced Water Absorbents Inc., a Houston, Texas-based provider of water solutions to the oil, gas and coal industries, has raised $11 million in Series A funding. Energy Ventures led the round, and was joined by Harris & Harris Group and “a limited partnership comprised of Ohio-based industrialists.” www.pwabsorbents.com

TravelShark (f.k.a. Swiftrank), a Singapore-based global online travel network, has raised $5 million in new VC funding from DLA Holdings. www.travelshark.com

Viralheat, a social media measurement startup, has raised $4.25 million in Series A funding led by Mayfield Fund. www.viralheat.com

FlashSoft Corp., a Mountain View, Calif.-based flash virtualization startup, has raised $3 million in Series A funding led by Thomvest Ventures. www.flashsoft.com

Altitude Digital Partners, a Denver-based provider of yield management and integrated media opportunities for online publishers, has raised $1.5 million from Cypress Growth Capital. www.altitudedigitalpartners.com

Coursekit, an education software startup, has raised seed funding from groups like IA Ventures, Founder Collective and Shasta Ventures. www.coursekit.com

Emefcy Ltd., an Israel-based wastewater treatment company that uses microbials to reverse the process from energy-consuming to energy-producing, has raised VC funding from Energy Technology Ventures, a joint venture of GE, NRG Energy and ConocoPhillips. www.emefcy.com

Mandiant, an Alexandria, Va.-based provider of threat detection and response solutions, has raised an undisclosed amount of funding from One Equity Partners and Kleiner Perkins Caufield & Byers. www.mandiant.com

Snowball Finance, a Chinese operator of analyst reports on U.S. and Chinese companies, has raised an undisclosed amount of financing from Sequoia Capital China, according to VentureWire. www.sequoiacap.com

ViVOtech, a Santa Clara, Calif.-based provider of near-field communications software and systems, has raised $24 million in new Series C funding. EBDI, SingTel Innov8 and Motorola Solutions Venture Capital were joined by return backers Alloy Ventures, Citi Ventures, Draper Fisher Jurveston, DFJ Gotham, First Data Corporation, Miven Ventures, Motorola Mobility, Nokia Growth Partners and NCR. www.vivotech.com

Moda Operandi (f.k.a. Trunk Show Inc.), a New York-based online luxury retailer that allows members to pre-order from designers immediately following their runway shows, has raised $10 million in Series B funding. New Enterprise Associates led the round, and was joined by return backer New Atlantic Ventures. www.modaoperandi.com

RealDirect, a New York-based online marketing platform for homeowners looking to sell, has raised $2 million in Series A funding. GSA Venture Partners led the round, and was joined by Bendigo Partners and High Peaks Venture Partners. www.realdirect.com

Ivantis Inc., an Irvine, Calif.-based developer of treatments for glaucoma, has raised $17 million in new VC funding from Delphi Ventures and New Enterprise Associates. www.ivantisinc.com

Soluto, a Tel Aviv, Israel-based maker of “anti-frustration” software for PCs, has raised $10.5 million in Series B funding. Index Ventures led the round, and was joined by return backers Bessemer Venture Partners, Giza Venture Capital, and Proxima Ventures. www.soluto.com

Digital Assent, an Atlanta-based provider of a self-service patient check-in and patient education solution, has raised $7.5 million in Series B funding. Sanan Private Equity, the BIP Opportunities Fund and Buckhead Investment Partners were joined by return backers Imlay Investments and BLH Venture Partners. www.digitalassent.com

OneLogin, a Los Angeles-based provider of cloud-based Identity and access management solutions, has raised $1.5 million in Series A funding from existing backer Charles River Ventures.www.onelogin.com

About the Author
By Dan Primack
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