California-based Axcient, a data backup, business continuity, and disaster recovery service to the Small and Mid-Sized Business (SMB) market, has raised US$15.5 million in new funding. The Series C round was led by Scale Venture Partners with previous investors Allegis Capital, Peninsula Ventures, and Thomvest Ventures participating, bringing the company’s total funding to date to US$33.5 million. Rory O’Driscoll, managing director, Scale Venture Partners, joins the board with this investment.
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Marketing start-up Crowd Factory has raised $6.5 million in a venture round led by new investor Storm Ventures. Existing investors Hummer Winblad, Peninsula Ventures and undisclosed angel investors also participated in the round. Storm Ventures’ Ryan Floyd joins Crowd Factory’s board as a result of the financing. Crowd Factory will use the new money to expand its development and marketing of its social marketing applications.
Integrated Photovoltaics, a sealth-mode developer of photovoltaic solutions, has raised $8.5 million in Series A funding. Peninsula Ventures led the round, and was joined by I2BF and seed backers Alloy Ventures and Labrador Ventures. Integrated Photovoltaics is based in Sunnyvale, California.
Axcient Inc., a Mountain View, Calif.-based SaaS business, topped of its $6 million Series A round of fundraising with an additional $2 million commitment from Thomvest Ventures. Other investors in the round include Allegis Capital and Peninsula Ventures. Press release: Axcient Inc., an innovator of comprehensive data protection software-as-a-service (SaaS) solutions for small and medium-sized [...]