ClearFit Inc., a developer of human resources software for the construction, retail, restaurant, hospitality, and franchise industries, has raised C$7 million in Series A financing from GrandBanks Capital and Relay Ventures. ClearFit, which has offices in San Francisco and Toronto, previously raised C$1.7 million in late 2012 from Relay and a group of Toronto-based investors.
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EachScape, a drag & drop platform for creating and managing high end mobile applications has appointed Marci Weisler as COO. The start-up closed a $3 million in series A funding in January with GrandBanks Capital, Contour Venture Partners and NYC Seed. PRESS RELEASE We all know that cost, time-to-market, and fragmentation continue to plague mobile [...]
Framingham, Mass.-based social communications business Vivox has acquired Droplet, a developer of patented technology to deliver video chat on mobile networks. Vivox’s backers include Peacock Equity, Benchmark Capital, Canaan Partners, Grandbanks Capital and IDG Ventures San Francisco. PRESS RELEASE Vivox Inc., a leader in social communications, today announced its acquisition of Droplet Inc., a developer [...]
London and Boston headquartered travel technology firm SilverRail Technologies has raised $15 million in Series B funding. Canaan Partners led the funding and current investors Sutter Hill, Accel Partners, GrandBanks Capital and Brook Ventures also supported the round. PRESS RELEASE SilverRail Technologies, the company behind the global rail ticketing platform SilverCore, has raised $15 million [...]
Boston-based Ember, a provider of low-power wireless mesh networking technology has renewed its 2009 US$5 million venture debt financing. Wellington Financial arranged the financing for the original transaction which provided the company with additional working capital to accommodate its growth strategy. Venture capital backers include Polaris Ventures, GrandBanks Capital, RRE Ventures, Vulcan Capital, DFJ ePlanet [...]
KnowledgeVision Systems, a provider of cloud-based tools and services for creating online, on-demand and live multimedia presentations, has closed a $2 million Series A financing from a group of investors led by GrandBanks Capital. The company will use the new funds to strengthen its position and accelerate its market development activities worldwide. PRESS RELEASE KnowledgeVision [...]
GlassHouse Technologies, a provider of cloud, virtualization, security and data center managed services, has pulled plans for an initial public offering, the company announced Tuesday. GlassHouse, which has raised money from investors including Sigma Partners, Kodiak Venture Partners, GrandBanks Capital, Globespan Capital Partners and Paladin Capital Group, cited volatile market conditions as the reason for nixing its IPO plans.
Achievers — which develops human resources software that provides performance-based rewards — announced today that it has raised a $24.5 million Series C round that was led by Sequoia Capital and includes JLA Ventures, GrandBanks Capital and the Ontario Venture Capital Fund. The company, formerly known as I Love Rewards, has now raised about $48 [...]
GrandBanks Capital co-founder Ryan Moore will join Atlas Venture as a partner. Moore spoke with peHUB, and said his move would come in November, after he completed a variety of responsibilities he has ongoing with more than a half-dozen portfolio companies. With Atlas, he’ll help the VC recruit entrepreneurs and executives in residence. The news was reported earlier today by Fortune.
A year ago, Adam Goldstein and Steve Huffman, frustrated with their online travel search experiences, co-founded San Francisco-based Hipmunk to help people book travel plans quicker and easier. The Hipmunk site is a hit with users and some VCs, as the company has raised $5.2 million in venture funding from Ignition Partners, Y Combinator, SV [...]