Guest columnist Scott Johnson of New Atlantic Ventures has compiled the five traits of great startup CEOs — the ones who “get multiple B-round term sheets in down markets and get that marquis exit at an unusually high multiple.”
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Spotflux said Wednesday that it raised $1 million in new funding led by New Atlantic Ventures and group of angel investors, including Paris-based Kima Ventures. Spotflux, of New York, is a free application that lets consumers connect to the Internet with privacy protection. PRESS RELEASE Spotflux officially opens its doors today, introducing a free application [...]
Truveris Inc. has raised $10 million in Series B financing, the company announced Thursday. New Leaf Venture Partners led the round, which also included participation from Tribeca Venture Partners, New Atlantic Ventures and First Round Capital. Formed in 2009, Truveris makes software designed to provide transparency and cost containment in the prescriptions claims process. PRESS [...]
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 [...]
Vibrant Media, the online advertising service, will buy Image Space Media. The deal was described as part of the company’s “mission” under CEO Cella Irvine to expand contextual solutions. Vibrant Media has raised more than $20 million from investors including Fortis and ABS Ventures, Image Space has raised less than $5 million and is backed by New Atlantic Ventures, among others.
Reston, Va.-based AppTap, developer of an app recommendations service, has raised $4 million in a round led by Syncom Venture Partners. Return backer New Atlantic Ventures also participated in the round. The money will go toward development and toward expanding its partnerships and its app advertising capabilities for developers.
Invincea, a provider of malware threat protection via virtualization, has secured $5.1 million in new funding. The company has also announced the acquisition of high profile talent from HP/ArcSight and RSA/NetWitness. The round of growth capital was led by Harbert Venture Partners, Grotech Ventures, and New Atlantic Ventures to expand Invincea’s corporate sales, engineering, and [...]
The New York-based health information technology company Truveris has hired Bryan Birch as its new chairman, president and CEO. Birch joins the company from Touchstone Health plans, where he was chairman, president and CEO and remains non-executive chairman. Truveris received $3.8 million in Series A funding in February of this year, including from Tribeca Venture Partners, New [...]
San Francisco-based Stitcher has raised $10 million for its personalized Internet talk radio service. The company is similar to Pandora in that its users can personalize radio station based on their favorite shows, spanning across news, entertainment, sports and comedy. New Enterprise Associates led the Series C round, which included backing from return investors Benchmark Capital, New Atlantic Ventures, and individuals including Ron Conway. Ravi Viswanathan of NEA will join the Stitcher board.
One place where there is growth a-plenty these days is good old direct marketing, which search reinvented last decade. This decade, social media is reinventing it once again. Imagine this: You’re playing a social game like Mafia Wars on Facebook and you want more “credits.” So you type “Drink Dr. Pepper” into a box, and [...]