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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
May 18, 2012, 1:27 PM ET

Utopia Inc., a Mundelein, Ill.-based provider of enterprise data management solutions, has raised $50 million in new VC funding. FTV Capital led the round, and was joined by Liberty Mutual Insurance.www.utopiainc.com

NextIO, an Austin, Texas-based provider of /O consolidation and networking solutions, has raised $12.3 million in Series F funding. Return backers include Adams Capital Management. www.nextio.com

Single Digits Inc., a Manchester, N.H.–based provider of mobile device connectivity, management and support services, has raised $10 million in equity funding from Tudor Growth Equity.www.singledigits.com

AxialMarket, a New York-based platform that helps private companies manage and execute mergers and other financial transactions, has raised $6.5 million in Series A funding. Redpoint Ventures led the round, and was joined by family office Cove Point Holdings and return backers First Round Capital and Windcrest Partners. Read more.

Carnegie Speech, a Pittsburgh-based developer of spoken language training software, has raised $3.4 million in Series B funding. Backers include Osage Venture Partners, Golden Seeds and New York Angles. www.carnegiespeech.com

Crowdtilt, a San Francisco-based “group-funding” startup, has raised $2.1 million in first-round funding. Backers include Y Combinator, SV Angel, CrunchFund, Dole Capital, Paul Buchheit and Alexis Ohanian.www.crowdtilt.com

Spotify, a social music service, is seeking to raise upwards of $220 million at a $4 billion valuation, according to the NY Times. Goldman Sachs has agreed to lead the round with a $100 million commitment, but the remaining positions are not yet filled. Spotify previously raised over $100 million from Creandum, Wellington Partners, Founders Fund, Kleiner Perkins Caufield & Byers, Accel Partners and DST Group. www.spotify.com

Sign up for Dan’s daily email newsletter on deals and deal-makers: GetTermSheet.com

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By Dan Primack
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