Connie Loizos
CloudCheckr, a Rochester, New York-based software company that strives to analyze and optimize Amazon Web Services technology for its users, has announced that it will make its software available to free to startups that receive funding from either Excell Partners -- a seed-stage venture capital fund established in cooperation with the University of Rochester and the State of New York -- or the Rochester Angel Network.
We know that venture fundraising is sluggish. But it turns out venture deal activity isn’t so brisk, either.
As of this morning, Kleiner Perkins Caufield & Byers has a new, publicly traded company in its portfolio: San Francisco’s RMG Networks, a digital signage media company that has raised $20 million from Kleiner, DAG Ventures, and National Cinemedia since its 2006 founding. The company didn't stage an IPO; rather, it completed a reverse merger with the blank check company in a maneuver that landed it on the Nasdaq.
Suddenly, there’s no shortage of companies offering same-day delivery, and some VC-backed startups are speeding to get in on the action
The City’s Akron Development Corporation, through its Akron BioInvestment Funds, has invested $1.1 million in Orthodata, a Kentucky-based biomedical company that hopes to commercialize a new spine fusion sensor. Orthodata will also be relocating its headquarters to Akron.
Axesstel, a San Diego-based maker of wireless voice, broadband access and connected home software, has secured a three-year, $2.25 million term loan with Silicon Valley Bank, the California bank subsidiary and commercial banking operation of SVB Financial Group.
TST Media, a Minneapolis, Minnesota-based company that makes Web and mobile-based software for youth, amateur, and professional sports organizations, has closed a $6 million Series C round of funding led by existing investor El Dorado Ventures. The company -- which will also begin conducting business under the new brand Sport Ngin -- has raised more than $10 million since its 2008 launch.
Taris Biomedical, a specialty pharmaceutical company developing therapies to treat bladder diseases, has raised a fresh $12.5 million in funding from its existing investors, Flagship Ventures, Flybridge Capital Partners, Polaris Partners, and Third Rock Ventures. With the new funding, Taris, based in Lexington, Mass., has raised $49.8 million altogether.
On Friday, a New York federal judge refused to dismiss a variety of claims against entities and individuals associated with venture capital firm Bessemer Venture Partners, claims that the firm breached a stockholders’ agreement in connection with post-acquisition activity involving Intego, a company that produces anti-virus software for Apple products. The suit was filed by Transeo, a minority shareholder in Intego's holding company.
ZeaKal, a San Diego-based plant science company spun out of Kapyon Ventures, has raised $3.8 million led by Finistere Ventures, Two Oceans and the Missouri Soybean Merchandising Council.