Technology investment firm Atomico has led Fab’s $105 million Series C financing. Also participating in the round are Pinnacle Ventures, ru-Net Technology Partners, Mayfield Fund and DoCoMo Capital, and several existing investors, including Andreessen Horowitz, Menlo Ventures, Baroda Ventures and First Round Capital. Atomico partner Geoffrey Prentice will join Fab’s board of directors. PRESS RELEASE [...]
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Digital advertising technology company SocialVibe has appointed Todd Tappin as chief executive officer by the company’s board of directors. Tappin joined SocialVibe in June 2010 as its chief operating officer and chief financial officer. SocialVibe is based in Los Angeles, California and is backed by Norwest Venture Partners, Redpoint Ventures, Jafco Ventures and Pinnacle Ventures. [...]
Milipitas, Calif.-based Aquantia, which develops 10-Gigabit Ethernet connectivity products for cloud computing and large-scale data center deployments, said that it has raised $21 million in Series E financing. Existing shareholders New Enterprise Associates, Lightspeed Venture Partners, Greylock Partners, Pinnacle Ventures and Venture Tech Alliance all contributed to the round. New strategic investor LSI Corporation also contributed, the company said.
Redwood City, Calif.-based Kabam, a publisher of massively multiplayer social games, has closed on a whopping $85 million in Series D financing. Google Ventures and Pinnacle Ventures co-led the round, which included participation from Performance Equity and SK telecom ventures, as well as previous financial investors Canaan Partners, Redpoint Ventures and Intel Capital. Google Ventures Partner Joe Kraus will join Kabam’s board as a result of the round. This latest infusion brings the company’s total funding to $125 million.
Publicly traded Varian Medical Systems Inc., a supplier of medical technology for treating cancer with radiotherapy, has poured $15 million into venture-backed Augmenix, sealing a minority stake and an option to buy the company. Waltham, Mass.-based Augmenix is developing hydrogel products to improve outcomes in radiation oncology. The company is backed by investors including Ascension Health Ventures, Catalyst Health Ventures, Pinnacle Ventures, and the Sparta Group.
A group of banking and e-commerce veterans have launched FreeMonee with $11 million from investors including Opus Capital Ventures, Redpoint Ventures, Sutter Hill Ventures, Pinnacle Ventures and Contrarian Group. FreeMonee, based in San Mateo, Calif., has developed technology enabling enables merchants to give “gifts” directly to individual credit and debit cardholders through participating financial institutions. The FreeMonee gifts act as cash incentives that function like a gift card on an individual’s debit or credit card.
NEW YORK, May 9 (Reuters) – Gilt Groupe Inc, the online shopping website known for its flash deals, raised $138 million in new funding giving it a valuation of over $1 billion, according to a source with knowledge of the deal. The company it plans to use the new money for acquisitions, new product launches, [...]
Cobalt Technologies said it closed a $20 million Series D funding round led by The Whittemore Collection Ltd., the investment vehicle of Parsons & Whittemore. All of Cobalt’s current venture investors participated including Pinnacle Ventures, Malaysian Life Sciences Capital Fund, VantagePoint Capital Partners, Life Sciences Partners (LSP), @Ventures, Harris & Harris and Burrill and Co.
Digital advertising start-up SocialVibe has raised $20 million in new financing. Palo Alto, Calif.-based Norwest Venture Partners led the round as a new investor. Existing shareholders Redpoint Ventures, Jafco Ventures and Pinnacle Ventures also joined in the round. As a result Jeff Crowe from Norwest will join the company’s board. SocialVibe has previously raised more than $23 million across two earlier rounds.