Switchfly has secured $15 million in Series C financing led by StarVest Partners. Azure Capital Partners and Canaan Partners also participated. Switchfly, which provides software-as-a-service for travel, loyalty and financial services firms. Total capital raised to date is $32 million, Switchfly says. PRESS RELEASE Switchfly, Inc. (formerly ezRez Software, Inc.), a leading software-as-a-service (SaaS) provider [...]

Switchfly, formerly known as ezRez Software Inc., has secured a $15 million Series C round led by StarVest Partners in New York. Canaan Partners and Azure Capital Partners, each existing investors, also participated in the round. Switchfly provides SaaS loyalty and travel payment solutions and is based in California. The company has raised $32 million [...]

Petaluma, Calif.-based Cyan Optics Inc., a provider of metro and regional aggregation and transport of packet and optical services, has raised $10 million in fresh capital, according to a regulatory filing. Investors include Azure Capital Partners, Norwest Venture Partners and Tenaya Capital. According to the filing, the infusion was a Series F round. Formed in 2006, the company has reportedly raised upwards of $30 million in previous rounds.

Venture-backed ezRez Software, a software-as-a-service provider of travel, loyalty and payment solutions, has acquired Topguest, a start-up company providing loyalty and social network engagement products to travel companies. Financial terms of the deal were not disclosed. Both companies are San Francisco-based. ezRez was founded in 2003 and is backed by Canaan Partners, Authosis Ventures and [...]

Cooking.com has inked $13.5 million in financing from BIA Digital Partners II L.P. and Azure Capital Partners. Damien Dovi, a partner at BIA, joined the company’s board as an observer. Cooking.com is based in Marina del Ray, Calif.

Redwood City, Calif.-based Coraid Inc. has added $50 million in a new round led by Crosslink Capital. Existing investors Menlo Ventures, Allegis Capital, Azure Capital Partners and affiliates of Silver Lake, as well as new investors Seagate Technology and Kinetic Ventures also contributed. Coraid is a developer of Ethernet SAN technology.

Video sharing site Twitvid said it raised $6.5 million of Series B funding with Azure Capital Partners leading the round and existing investor Draper Fisher Jurvetson participating. The money will help the San Francisco company expand and build out its product offering. PRESS RELEASE Twitvid Raises $6.5 Million in New Funding from Azure Capital Partners [...]

As we reported earlier today, VC fundraising roared back in Q1, with U.S. VC funds raising their largest amount since the third quarter of 2008. Bessemer Venture Partners led the pack, raising a monster fund of $1.6 billion. Who else is in the top 10? Click through to check out our slideshow.

Concur Technologies Inc. on Thursday announced it would buy travel site TripIt Inc. in a deal that could reach $120 million and bring a handsome return to its largest shareholder, Azure Capital Partners. Azure General Partner Mike Kwatinetz says the firm’s return on the deal could top its sale of Bill Me Later to eBay [...]

Fresh off of its sale of storage provider 3PAR to Hewlett-Packard, Menlo Ventures is backing Coraid Inc., a cloud-based storage solutions provider.

The Redwood City, Calif.-based company announced this morning that it has raised a $25 million Series B investment led by Menlo Ventures with participation from Allegis Capital and Azure Capital Partners. Coraid, which develops Ethernet-based storage products, previously raised a $10 million Series A round from Azure and Allegis in late 2009.

As part of the deal, John Jarve, managing director of Menlo Ventures, has joined the board of Coraid, which already includes Lara Druyan, a GP with Allegis, and Paul Weinstein, a GP with Azure.

Menlo was interested in taking part in Coraid’s Series A round, but it was still an investor in 3PAR at the time and “we tend not to back companies that are competitive to others in our portfolio,” Jarve says.