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.

Yammer In Round Four

San Francisco-based Yammer, a provider of enterprise social networks has secured $17 million in its fourth round of funding, bringing its total financing to $57 million. The Social+Capital Partnership, a new fund established by former Facebook Vice President Chamath Palihapitiya, led the round with previous investors Charles River Ventures, Emergence Capital and U.S. Venture Partners also participating.

GupShup Bags $10M More

GupShup, India’s premier social network and group messaging service, raised an additional $10 million from investors including Tenaya Capital, Globespan Capital Partners, Helion Ventures and Charles River Ventures, bringing the company’s aggregate funding to $47 million. VCs Brian Paul, managing director with Tenaya, and Venky Ganesan, MD with Globespan, worked on the deal.

Global Cleantech Investing Falls In 2Q As Investors Favor Smaller Deals

Global cleantech investing fell in the second quarter as cautious investors favored later rounds and chose smaller energy efficiency deals over big-ticket solar. Venture investors put $1.83 billion into 161 transactions during the three months, down 10% in dollars from last year and 33% from the first quarter of the year, according to data released […]

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