Parchment raises $10 mln follow-on investment

Parchment said Wednesday it closed a $10 million follow-on investment led by The Raine Group. Parchment’s existing institutional investors, including Novak Biddle Venture Partners, Salmon River Capital, GSV Capital and ICG Holdings, also participated. Total funding for Parchment comes to $45 million. Scottsdale, Ariz.-based Parchment provides technology that lets learners, educators and employers to request, verify and share credentials.

Storage Company SolidFire Racks Up $31M in Series C

SolidFire, a maker of storage systems for cloud providers, announced today it has raised $31 million in Series C financing. Samsung Ventures led the round and was joined by existing investors New Enterprise Associates, Valhalla Partners and Novak Biddle Venture Partners. The Boulder, Colo.-based company has now raised $68 million in total funding.

Educational Startup PlaySay Raises $250K Of Funding

PlaySay said it has raised an additional $250,000 of follow-on funding, bringing the total raised by the company to $820,000. The company is backed by Kevin Yu, former director of PayPal Japan; Sean Glass, founder of Higher One; and Novak Biddle Venture Partners. The San Francisco startup also launched a new iPhone game app that […]

Copiun Secures $5m Led by Novak

Copiun, a provider of secure mobile collaboration solutions has closed the final tranche of its $5 million Series A funding led Novak Biddle Venture Partners. Additional investors include RRE Ventures and local angel investors. Headquartered in Marlborough, Mass, Copiun was founded in late 2008. PRESS RELEASE Copiun Inc., provider of the first and only secure […]

2tor Raises Leaves $26M Series D

2tor Inc., a provider of online degree programs, has closed on $26 million in Series D financing. Hillman Company led the round, with participation from new investors SVB Capital and WestRiver Capital, and return backers Bessemer Venture Partners, Highland Capital, Redpoint Ventures, Novak Biddle Venture Partners and City Light Capital. The Series D brings 2tor’s […]

Parchment Raises $6M Series C

Salmon River Capital has led a $6 million Series C round for education credentials data company Parchment Inc.  Investors Michael Chasen, the president and chief executive of Blackboard Inc., and Novak Biddle Venture Partners also participated in the round. Formed in 2003, Parchment is based in Scottsdale, Ariz. PRESS RELEASE Bolstered by its burgeoning success […]

Digital Closes Financing Round

Digital Signal Corp, a provider of three-dimensional, long-range facial recognition solutions, has closed a $10.3 million round of financing with a group of existing investors who participated in a $15 million round in April 2011. Investors included Columbia Capital, City Light Capital, SilverHaze Partners, Novak Biddle Venture Partners and Paladin Capital Group. PRESS RELEASE Digital […]

Digital Signal Inks $10.3M in Fresh Capital – Filing

Digital Signal Corp., a developer of three-dimensional, long-range facial recognition software, has raised $10.3 million in fresh capital, according to a regulatory filing. In April, the company announced a $15 million funding round from investors including Columbia Capital, City Light Capital, SilverHaze Partners, Novak Biddle Venture Partners and Paladin Capital Group. Digital Signal is based in Chantilly, Va.

Vistaprint Buys VC-backed Webs for $117.5M

Vistaprint, the listed maker of professional marketing products and services, said it will acquire venture-backed Webs for $117.5 million. Webs is based in Silver Spring, Maryland, and has raised venture capital from Novak Biddle Venture Partners and Columbia Capital.

SolidFire Seals $25M

Boulder, Colo.-based SolidFire, a maker of all-solid-state primary storage systems for cloud service providers, has raised $25 million in a second financing round, bringing its total raised to $37 million. New Enterprise Associates, Valhalla Partners and Novak Biddle participated in the round. The company also received individual investments from Frank Slootman, former C.E.O. of Data Domain; David Schneider, former vice president of worldwide sales at Data Domain; and Greg Papadopoulos, former C.T.O. of Sun Microsystems.

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