Connie Loizos
Social Venture Fund, a student-led, Ann Arbor, Michigan-based "impact investing" fund that's closely affiliated with the University of Michigan, has participated in a seed-stage financing for Mytonomy, a video storytelling platform for college and career advising. Other investors include NewSchools Venture Fund and Kapor Capital. Social Venture Fund makes investments of up to $100,000. Terms of the Mytonomy deal were not disclosed. Two-year-old Mytonomy is based in Washington, D.C.
Kaazing, a six-year-old Mountain View, Calif.-based company whose software helps drive the real-time Web and mobile communications of customers like Google, Bechtel, and Intel, has raised a $15 million round of funding that brings its total funding to $39 million. New Enterprise Associates and Columbus Nova Technology Partners led the round, with previous investors participating. Kaazing's last big round of funding came less than a year ago. In June 2012, it raised $17 million. Investors in that round were not disclosed.
Zonoff, a Malvern, Pa.-based startup whose software strives to act as the "brains" of the connected home, has raised a $3.8 million series A round from Valhalla Partners and Grotech Ventures.
Signal Hill, an investment bank with offices around the country, is bolstering its West Coast operations in San Francisco with the addition of 13 investment banking professionals from Montgomery & Co., the companies announced today. As part of a strategic refocus, Montgomery has "decided to concentrate on its asset management business," the company said. Terms of its arrangement with Signal Hill wee not disclosed.
Preqin study reports Q1 deal activity the lowest since Q3 2010
Adapx, a Seattle-based company whose software aims to speed data capture and collaboration by turning natural speech, sketch, and handwriting into actionable data in Microsoft Office and other back-end systems, has raised $3 million from existing investors OVP Venture Partners, Paladin Capital Group, Pelion Ventures, and Northwest Tech Ventures.
Novaliqu GmbH, a Heidelberg, Germany-based drug delivery company, has raised $18.1 million in its fifth round of financing from the investment company of SAP cofounder Dietmar Hopp. Altogether, the company has raised $35.2 million from investors.
Local Corporation, an Irvine, Calif.-based online media company, has entered into a definitive agreement with The Tail Wind Fund to sell $5 million in convertible subordinated notes and warrants to purchase common stock. The proceeds will be used for general working capital.
In naming Ken Coleman as its third special advisor, Andreessen Horowitz went with a longtime Silicon Valley tech executive with an impressive resume and a collection of enviable board seats.
The New York-based digital advertising firm AppNexus is upping its commitment to mobile advertising, the company announced today. More specifically, its mobile buy-side offering, which is in beta with clients including Collective, CPX Interactive, FlxOne, and Matomy, is expected to be available to all AppNexus customers this summer. The beta product is already integrated with mobile supply sources such as Nexage, Smaato, and MoPub. AppNexus raised a $75 million Series D round of financing led by Technology Crossover Ventures in January.