Reuters – Freshplum Raises Seed Funding

Palo Alto start-up Freshplum has raised $1.4 million in seed funding. Investors include New Enterprise Associates, Greylock Partners, Google Ventures and Charles River Ventures, as well as a number of current and former executives from Facebook, Google and PayPal. Reuters – Palo Alto start-up Freshplum hopes to take the guesswork out of digital commerce by […]

Magnetic Attracts $10M

Magnetic, the search retargeting company, has taken on $10 million in a Series B round led by Edison Ventures. The New York-based company didn’t have any difficulty finding VCs, however: other backers for the round included IA Capital Partners, NYC Seed, NYC Investment Fund, Jonathan Kraft, Neu Venture Capital and Charles River Ventures. PRESS RELEASE: […]

SessionM Raises $20M From Charles River, Kleiner, Highland

SessionM said it raised $20 million in Series B funding in a round led by Charles River Ventures and joined by current investors Highland Capital Partners and Kleiner Perkins Caufield & Byers. The company will use the money for new hires and continue expansion of its platform, technology and network footprint. PRESS RELEASE Mobile Engagement […]

Kibits Raises $1M

Venture capital-backed Kibits Corp. has launched its a micro-social networking app for iPhone and iPod touch.  The company has raised $1 million from Google Ventures, Charles River Ventures, General Catalyst, Commonwealth Capital Ventures, SOSventures, Launch Capital, the CommonAngels Fund and undisclosed angels. Kibits is based in Cambridge, Mass. PRESS RELEASE Kibits Corp. today announced the […]

Rive Technology Appoints New CEO

Rive Technology, a provider of materials-based solutions for catalytic and separations processes for refining, chemicals, and biofuels, has appointed David C. Aldous as chief executive officer. Aldous brings over 30 years of experience in the refining, chemicals and catalyst industries, including over 20 years at Royal Dutch Shell where he was executive vice president of […]

Venture-Backed Open Mile Receives $3 Million Loan from NXT Capital Venture Finance

NXT Capital Venture Finance has provided a $3 million venture loan to Boston-based Open Mile, an online logistics provider backed by Charles River Ventures and Globespan Capital Partners. The money will be used to “finance key growth initiatives,” according to a release. NXT Capital Venture Finance, a months-old arm of  the commercial finance company NXT Capital, […]

Game Closure Wins $12M Series A

Game Closure, a Mountain View, Calif.-based maker of HTML5-based cross-platform game technology, has raised $12 million. Highland Capital Partners led the Series A round, with Greylock, Benchmark, General Catalyst and Charles River Ventures also participating. Highland’s Andy Miller has joined the company’s board of directors. PRESS RELEASE Game Closure today announced a Series A financing […]

QR Code Company Scan Raises $1.7M Seed Round

San Francisco-based Scan Inc., maker of the popular QR code reader app for iOS, has raised a $1.7 million seed round led by Menlo Ventures. Other investors include Google Ventures, Charles River Ventures, Yuri Milner’s Start Fund, Social + Capital Partnership, Transmedia Capital, Ludlow Ventures. PRESS RELEASE Scan Closes $1.7 Million Seed Funding Led by Menlo Ventures; […]

Millennial Media Files for I.P.O

Mobile advertising network Millennial Media Inc. has filed with regulators to raise up to $75 million in an initial public offering. Morgan Stanley, Goldman Sachs and Barclays Capital are among the underwriters listed for the offering. The Baltimore-based company raised more than $65 million from venture investors, and wrapped up a $27.5 million round a year ago. Backers include from Bessemer Venture Partners, Columbia Capital, Charles River Ventures and New Enterprise Associates.

Charles River Closes in on Fund 15 — Without Bill Tai

Charles River Ventures spent the back end of 2011 fundraising and the bi-coastal firm is expected to soon close a fifteenth fund with about $300 million, more or less matching its prior funds, sources tell peHUB. Notably, one prominent member of the firm’s Sand Hill Road team won’t be part of the new fund, either. Multiple […]

Spool Secures Funding

Spool, a San Francisco start-up that allows users to save text, image, and video content to mobile devices and push content to a friend’s mobile device, has raised $1 million in seed funding. Spool has secured this funding from investors including SVAngel, StartFund, Felicis Ventures, Charles River Ventures, Steve Chen (the founder of YouTube), Vivi […]

CloudShare Has Big Eyes for 2012

(Reuters) – U.S.-Israeli start-up CloudShare, whose technology enables Web-based development and testing of software applications, expects to as much as triple sales in 2012 as its benefits from the rapidly growing cloud computing market. “I think next year we will be two to three times larger than this year in terms of sales,” CEO Guri […]

VC-Backed Massive Health Launches “The Eatery”

Massive Health has launched “The Eatery,” a nutrition app for the iPhone that id designed to track and analyze a person’s overall eating patterns. The company, launched this year, is backed by seed financing from venture capital firms Andreessen Horowitz, Charles River Ventures, Greylock Partners, Mohr Davidow Ventures and Felicis Ventures. Massive Health is based in San Francisco.

Viki Closes $20M Series B

Video site Viki has closed on $20 million in Series B financing from investors including SK Planet, BBC Worldwide, Greylock Partners, Andreessen Horowitz, Charles River Ventures and Neoteny Labs. The money will go toward product development and expanding the company’s staff. Viki provides online video, including TV series, movies and premium content, translated into over 150 languages by a community of fans.

Wave Accounting Bags $5M

Wave Accounting acquired $5 million in a Series A financing led by VC firm Charles River Ventures. OMERS Ventures also participated in the round. Wave develops accounting software for small businesses.

New CEO For iControl

Redwood City, California-based iControl Networks has appointed Robert Hagerty as the company’s new CEO. Hagerty will replace co-CEOs Jim Johnson and Paul Dawes, both of whom will remain with iControl in leadership positions. Investors in iControl include Charles River Ventures, Cisco, Comcast Ventures, Intel Capital, the Kleiner Perkins Caufield & Byers iFund, Rogers Communications and Tyco International.

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