angela sormani
Convertro has closed a $5 million Series B round of funding. The funding round, which was led by Bessemer Venture Partners and DAG Ventures, will support the ramp up of Convertro’s sales and marketing organizations in New York City, Asia, Latin America, Europe, the Middle East and Africa.
Social platform Tongal has announced a $15 million Series B investment from Insight Venture Partners. Tongal plans to use the funding to accelerate the build-out of its global creative community and to support plans for rapid expansion.
iPad travel guide Desti has added $1 million in funding to its seed round from previous investors, including Carmel, SRI International and Horizon Ventures. The latest funding comes as an extension of the company’s initial seed raise in October 2011, bringing Desti’s total funding to $2.55 million.
UK-based Ingenious Ventures, the private equity division of investment and advisory group Ingenious, has announced two investments by its Media Opportunities Fund. The fund has backed Property Network and Digital Theatre.
UK software platform Rentify has secured a 2 million pounds ($2.7 million) Series A investment from European investor Balderton Capital. Launched in 2012, Rentify helps landlords to market, manage, and make money from their properties.
Triple Point Technology has acquired WAM Systems, based in Plymouth Meeting, PA. Investor Edison Ventures expects to achieve a 3x return.
Guavus, a provider of big data analytics solutions has closed a $30 million round of new funding. Investor Growth Capital led the round with participation from QuestMark Partners and previous investors Artiman Ventures, Sofinnova Ventures and Intel Capital.
Grand Rapids, Mich.-based technology firm Blue Medora has secured an additional $1.25 million in growth capital from two West Michigan-based angel investment groups. The investment includes $500,000 from Start Garden, a Grand Rapids startup seed fund started by Rick DeVos as well as $750,000 in funds from the Grand Angels, a regional angel investment group.
Cloud-based enterprise performance management provider Host Analytics has closed $17 million in Series D venture financing. The round was fully financed by the company's existing investors Advanced Technology Ventures, Trident Capital, StarVest Partners and Next World Capital.
SR Labs, a provider of high-performance electronic-trading solutions for the global financial services industry, has completed a $53 million investment from Insight Venture Partners. SR Labs will use the capital to expand its sales and marketing operations, accelerate its growth outside of North America, and to continue to fund product innovation.