Iris Dorbian

The Michigan Angel Fund said Wednesday that it has invested in East Lansing-based BioPhotonics, a technology company. No financial terms were disclosed although the MAF did recently close $2 million for its fund. The MAF focuses on investing in early stage companies located in Michigan and was established by Ann Arbor SPARK, a nonprofit that encourages and supports business acceleration.

Taykey said Wednesday that it has raised $6 million in financing. Investors included Tenaya Capital, Sequoia Capital, SoftBank Capital and Marker. Also, Taykey has named Adam Klee as vice president of media operations and Carmit Tevet-Kuzy as vice president of finance. Based in New York and Israel, Taykey is a topical advertising platform.

EyeEm said Wednesday that it has received $6 million in new funding. Earlybird Venture Capital participated in the round as did existing investors Wellington Partners and Passion Capital. Based in Berlin, Germany, EyeEm is a mobile marketplace for photography.

Sauce Labs said Tuesday that it has raised 5 million in Series C funding. The investors included Toba Capital, entrepreneur Scott Banister and Triage Ventures. Headquartered in San Francisco, Calif., Sauce Labs is a provider of cloud-based mobile and web application testing solutions.

Veros Systems said Tuesday that it has closed $5 million in Series A financing. The investors were Austin Ventures and LiveOak Venture Partners. Also, Jim Dechman joins Veros as president and CEO. Headquartered in College Station, Texas, Veros is a provider of data solutions.

ArborMetrix said Tuesday that it has raised $7 million in Series B financing. The lead investors were RPM Ventures and Arboretum Ventures. The Wolverine Venture Fund also participated in the round. In addition to the funding, Tony Grover, managing director at RPM Ventures, joins ArborMetrix's board of directors. Based in Ann Arbor, Mich., ArborMetrix is a healthcare analytics and software firm specializing in quality measurement, cost-efficiency and performance improvement for surgical, hospital and specialty-based care.

CloudVelocity said Tuesday that it has secured $13 million in Series B funding. The lead investor was Third Point Ventures. Pelion Venture Partners and previous investor Mayfield Fund also participated in the round. Based in Santa Clara, Calif., CloudVelocity is a provider of cloud migration and disaster recovery software.

Gamma Medica said Tuesday that it has received $16 million in Series A financing from healthcare investment firm Psilos Group Managers. According to Gamma Medica, the funding will be used to expand commercialization of the company's LumaGEM Molecular Breast Imaging system and its companion product, the LumaGUIDE MBI-guided biopsy module. Based in Salem, New Hampshire, Gamma Medica is a developer of advanced digital imaging technologies that figure significantly in the early detection of breast cancer.

Kabam said Monday that it has sold $38.5 million worth of stock to undisclosed investors. According to Kabam, several existing as well as new investors participated in this secondary offering. As a result of the transaction, Kabam's valuation is now at $700 million. Kabam is an online gaming company whose backers include Google, Warner Brothers, MGM, Intel, Canaan Partners, Redpoint Ventures and Pinnacle Ventures.

AirTight Networks said Monday that it has secured $10 million in Series D financing. Existing investors Trident Capital and CMEA Capital led the round. With its U.S. office based in Mountain View, Calif., AirTight Networks is a global provider of cloud Wi-Fi solutions.