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Progress Ventures leads $3.5 mln Series A funding in LISNR

LISNR, a mobile audience engagement technology platform, has completed a $3.5 million Series A funding round led by Progress Ventures. Other investors in the funding round include Progress Partners, Mercury, Jump Capital, CincyTech and Serra Ventures. LISNR previously raised $850,000 in a seed round from CincyTech and angel investors like Tim Schigel, co-chairman of ShareThis.

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Assurex Health secures $32 mln financing

Assurex Health has secured a $25 million term and revolving credit facility. GE Capital, Healthcare Financial Services, acting as agent, and Silicon Valley Bank financed the credit facility. Existing investors Sequoia Capital, Claremont Creek Ventures, Mayo Clinic, Cincinnati Children’s Hospital Medical Center, CincyTech, Allos Ventures, Four Rivers Partners, Danmar Capital, and jVen Capital, provided an additional $7 million to complete the $32 million financing. Assurex Health is a neuropsychiatric personalized medicine company.

Batterii Closes $2.5m Seed Round

Batterii, a Cincinnati-based enterprise SaaS innovation software platform, has closed a $2.5 million seed-stage funding round. CincyTech led the round with $500,000. Other investors include Batterii CEO Kevin C. Cummins, Los Angeles-based investor Ken Salkin, and undisclosed individuals.

ChoreMonster Closes Seed Round

Web-based parent and child service and mobile app ChoreMonster has closed a $775,000 seed round and has come out of beta today with a public launch on iTunes. CincyTech led the seed round with $250,000 and angel investors followed up with an additional $450,000. ChoreMonster is based in Cincinnati.

eMerge Health Solutions Closes Seed Round

eMerge Health Solutions has closed a seed round of funding of $850,000. Investors include CincyTech and private individuals. The company has a hands-free intra-operative documentation and workflow solution that allows physicians and nurses to document procedures in real time by utilizing keyword-driven voice commands. PRESS RELEASE eMerge Health Solutions today announced that it has closed […]

Ilesfay Technology Inks $615K

CincyTech has led a seed round for Ilesfay Technology Group, investing $250,000. The round topped out at $615,000 and also included participation from individual investors including Douglas Groh, Steve Turnbull, the company said. Ilesfay, founded in 2009, is a provider of real-time, cloud-based synchronization software. PRESS RELEASE Ilesfay Technology Group LLC has closed an oversubscribed […]

AssureRx Health Seals Debt Financing

Mason, Ohio-based AssureRx Health Inc. has sealed $8 million in debt financing from Silicon Valley Bank. The funds will be used to provide working capital and finance new product launches, the company said in a written released. The credit line follows an $11 million Series B round, which closed last year. The company is backed by investors including Claremont Creek Ventures, Sequoia Capital, Cincinnati Children’s Hospital Medical Center, Mayo Clinic, CincyTech and Allos Ventures.

Choremonster Receives $200,000 from CincyTech

CincyTech has invested $200,000 in Choremonster. The investment is part of a $350,000 seed-stage funding round led by CincyTech with participation by private angel investors. CincyTech has also committed an additional $300,000. Choremonster is a Web-based service and mobile app that lets parents and children interact to complete chores.

Zipscene Hires VP

Jonathan Richman has been hired as vice president, product marketing, for Cincinnati-based mobile development startup Zipscene. Zipscene was one of CincyTech’s first investments. CincyTech provides investment capital for high-growth potential startup companies in Southwest Ohio. PRESS RELEASE Jonathan Richman has been hired as Vice President, Product Marketing, for Cincinnati-based mobile development startup Zipscene. Richman will […]

Define My Style Nabs $699,000 in Seed Money

Define My Style, an online community that allows teenagers to design, share, advertise and purchase custom products, has closed a $690,000 seed-stage funding round. CincyTech led the round with a $250,000 investment. The Queen City Angels invested $100,000, Tech Coast Angels in Los Angeles invested $140,000, and the rest came from individual investors, the company announced Friday.

Bioformix Seals $6M of Planned $8M Round

Bioformix, a Cincinnati, Ohio-based developer of sustainable adhesives and plastic alternatives, has raised $6 million of a proposed $8 million equity financing round, according to regulatory filings with the S.E.C. The company previously sealed about $1 million in VC funding from CincyTech and Queen City Angels.

CincyTech Backs Ilesfay with $350,000

CincyTech has put $350,000 into Cincinnati-based Ilesfay Technology Group, a maker of cloud-based data replication services for corporate product life-cycle management. The two-year-old company also announced that it had sealed a contract with Procter & Gamble. Ilesfay hopes to raise an additional $150,000 to close the round.

CincyTech Puts $250K into Innovative Card Solutions

CincyTech has invested $250,000 in Innovative Card Solutions, a provider of reloadable, prepaid MasterCard cards, online financial literacy courses and money management tools for corporations and universities. CincyTech is a public-private venture development organization focused on Southwest Ohio.

NanoDetection Nabs $2.3M A Round

NanoDetection Technology, the Cincinnati-based in vitro diagnostic test platform system developer, has secured a $2.3 million from a group of 21 investors. The Series A round was oversubscribed. CincyTech led the round with a $400,000 commitment.

CincyTech Raises $4.4 Mln with Fund II

CincyTech said it raised $4.4 million for its second fund. CincyTech Fund II received $2.4 million from Southwest Ohio partners and another $2 million from Ohio Third Frontier. Fund II will invest in companies focused on information technology, bioscience and advanced manufacturing that are based in or willing to move to Southwest Ohio.

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