Verdasys nets $12 mln, also names new CEO

Verdasys said Wednesday that it has raised $12 million in funding. Previous backers GE Pension Trust, which is advised by GE Asset Management and Fairhaven Capital led the round with participation from Brookline Venture Partners. In addition to the funding, Kenneth Levine, a co-founding partner at Brookline Venture Partners and a former GM at McAfee (now Intel Security), has been named CEO of Verdasys, replacing Jim Ricotta. Levine will also join the firm’s board of directors. Based in Waltham, Mass., Verdasys is a provider of advanced data protection solutions.

CounterTack closes Series B

CounterTack has closed a $12 million Series B round of funding, supported by Goldman Sachs, Fairhaven Capital and a group of private investors. The funding will help CounterTack to support its accelerated go-to-market strategy and global expansion in the endpoint threat detection and response market.

SocialFlow Raies $10M From Fairhaven, SoftBank, RRE, AOL, Others

SocialFlow said it raised a $10 million Series B round in a deal led by Fairhaven Capital and joined by existing investors SoftBank Capital, RRE Ventures, AOL Ventures and Betaworks. Also in the round were new investors kbs+ Ventures and Rand Capital Corporation. SocialFlow is developing social media marketing products.

Khosla, Fairhaven Back Cybersecurity Startup Cylance

Cylance came out of stealth today and announced it has raised $15 million in its first round of funding from Khosla Ventures and Fairhaven Capital. The company–founded last year by Stuart McClure, a former global CTO of McAfee–also named retired Admiral William J. Fallon to its board.

NanoSteel Apoints to Board

The NanoSteel® Company, a nano-structured steel materials design business, has appointed global automotive industry professional Bob Lutz to the company’s board of directors. NanoSteel is funded by EnerTech and Fairhaven Capital. PRESS RELEASE The NanoSteel® Company, a leader in nano-structured steel materials design, today announced the appointment of global automotive industry visionary Bob Lutz to […]

TrackVia Raises $7.1M From Longworth, Fairhaven, Access, Flywheel, Others

TrackVia said it raised $7.1 million in a fundraising round led by Longworth Venture Partners and Fairhaven Capital, and joined by Access Venture Partners, Flywheel Ventures, Draper Associates and Allen & Company. The funds will go to expand sales, marketing and engineering operations at the applications development services company.

Lilliputian Raises $40M From Rusnano, Intel, KP, Others

Lilliputian Systems, Inc. said it closed on $40 million of a planned $60 million equity round that was led by RUSNANO and joined by existing investors Intel Corporation, Kleiner Perkins Caufield & Byers, Altira Group, Stata Venture Partners, Atlas Venture, and Fairhaven Capital. The company makes portable fuel cell re-charger for consumer electronics.

CounterTack Seals $9.5M

Waltham, Mass.-based CounterTack, a maker of in-progress cyber attack intelligence and response technology, has closed on $9.5 million in fresh capital. Fairhaven Capital led the Series A round. CounterTack was formerly known as NeuralIQ.

CrowdTwist Closes $6M Series A

Softbank Capital and Fairhaven Capital led a $6 million first round for CrowdTwist, developer of a social loyalty and rewards platform. kbs+p Ventures, Bertelsmann Digital Media Investments and several individual investors also participated in the round, the company said Monday.

Fairhaven Capital Closes $250 Million VC Fund

Fairhaven Capital has raised $250 million for its first fund since spinning out of TD Bank last year (it was previously named TD Capital Ventures). The Cambridge, Mass.-based venture capital firm had been targeting $200 million, with a $250 million capital. TD Bank is among the new fund’s limited partners.

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