Mark Boslet
AppGratis said it raised $13 million from Iris Capital and other investors. No other detail on the investment partners was available. AppGratis is developing app discovery technology.
Venture investors pulled back during the fourth quarter with dollars going to startups falling 9% and seed investors becoming more cautious. The quarter saw renewed interest in health care investing and a dip in funding for Internet startups.
Social media startups catering to the business market have had a mixed reception from IPO investors but more success finding M&A exits. And they have brought a load of venture capitalists along for the ride.
Mayfield Fund has begun raising a second Indian fund, according to a filing with the Securities and Exchange Commission. The filing does not give a target size for the new fund, Mayfield India II, but says no capital has yet been committed.
Moontoast said it raised $5 million in Series B financing in a deal led by the Martin Companies of Nashville and joined by prior investors.
DelfMEMS said it raised $10.5 million in Series B funding from CDC Entreprises, Iris Capital, Capitalaria, VIVES as well as existing investors A2D Invest, Alliansys, Finorpa, Inovam, Rhône-Alpes-Création and various angels. The funding will be used to support the company’s growth in MEMS based switching products used as front end wireless modules for mobile devices like smart phones and tablets.
TrueAbility said it raised a seed round of $750,000 in a deal led by Rackspace co-‐founder Pat Condon, and Rackspace co-founder and chairman Graham Weston. San Antonio-‐based TrueAbility is developing recruiting technology to evaluate job candidates.
Recent venture investments are still too early to generate cash returns, although funds by Morgenthaler and Guggenheim have already returned some capital
Angels continued to aggressively put money to work in the third quarter of last year, with medianl round size jumping to a 15-month high and dollars going to mobile startups rising to 16.5% of total investments.
Mirantis said it raised $10 million of growth capital from Dell Ventures, Intel Capital and WestSummit Capital. WestSummit Capital is a China-based growth stage investor.