Iris Dorbian
JumpStart, a nonprofit venture development organization, has invested $250,000 in 7signal. According to 7signal, which is also backed by North Coast Angel Fund, Ohio TechAngels and the Akron BioInvestments Fund, the funding will be used for product and staff development. Based in Akron, OH, 7signal is a provider of solutions for wireless user performance.
Groupize said Wednesday that it has raised $2 million in Series A financing. The lead investor was Golden Seeds. Launchpad Venture Group also participated in the round. Groupize is a platform for the travel industry.
The Center for Innovative Technology said Wednesday that its CIT GAP Funds has invested in CirrusWorks. No financial terms were disclosed. Based in Virginia, CirrusWorks is technology provider that builds network control platforms.
SumUp said Tuesday that BBVA Ventures, a subsidiary of BBVA Group, has made a Series B investment in the company. No financial terms were disclosed. SumUp, which is also backed by American Express and Groupon, is a mobile company based in Europe.
CrowdComputing Systems has closed $5 million in Series B financing from iNovia Capital. According to CCS, the capital will be used for team expansion and product offerings. Also, CCS recently named Adam Devine as vice president of product marketing and strategic partnerships and Joh Suh as vice president of engineering. Headquartered in New York City, CCS, which is also backed by RTP Ventures and Greycroft Partners, is an enterprise platform for the finance, retail and media sectors.
Convene has secured $10 million in financing. Tamarix Capital and Boathouse Capital, each of which contributed $5 million, were the investors. According to Convene, the financing will be used for expansion. Convene, which is also backed by Sunrise Capital Partners, is a New York City-based provider of conference centers.
Scality said Tuesday that it has raised $22 million in Series C funding. Menlo Ventures and Iris Capital were the lead investors. FSN and existing investors Idinvest Partners, OMNES Capital and Galileo Partners all participated in the round. According to Scality, the funding will be used to strengthen its sales and marketing initiatives as well as increase investments in research and development. Scality is a provider of petabyte-scale storage.
Modria said Monday that it has received $5 million in Series A funding. The lead investor was Foundry Group. Also, J. Scott Carr joins Modra as CEO and president. Based in San Jose, Calif., Modria is a dispute resolution platform.
WebAction said Monday that it has raised $11 million in Series B financing. The lead investor was Summit Partners. According to WebAction, the funding will be used for research and development as well as investments in sales, marketing and other business development activities. Also, Frank Caufield, co-founder of Kleiner Perkins Caufield & Byers and Silicon Valley marketing ace Regis McKenna have been named members to WebAction's board of directors. Headquartered in Palo Alto, Calif., WebAction is a big data server provider.
Predixion Software said Monday that it has received $20 million in Series C financing. New investor Accenture led the round. Current investors DFJ Frontier, EMC, Miramar Venture Partners and Palomar Ventures also participated as did new investors GE Ventures and Frost Venture Partners. Headquartered in San Juan Capistrano, Calif., Predixion is a provider of predictive analytics solutions.