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Bull City Venture Partners closes about $26 mln for new fund

Durham, NC-based Bull City Venture Partners said Monday that it has raised approximately $26 million for its new fund. Its LPs include Blue Cross and Blue Shield of North Carolina, Capitol Broadcasting Company, Cisco, Grosvenor Capital Management, Industry Ventures and Red Hat. The pool will focus on early, seed and growth stage firms.

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General Catalyst and Google Ventures back ScalingData

According to a blog post on its site, ScalingData has closed $4.4 million in funding. General Catalyst led the round with participation from Google Ventures and Brian Stevens, CTO at Red Hat. In addition to the funding, Donald Fischer of General Catalyst has been added to ScalingData’s board. ScalingData is a developer of data center solutions. To read the announcement, visit here

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Shasta Strengthens Enterprise Practice With New EIR, Venture Advisor

Shasta Ventures is strengthening its enterprise practice by bring in Jayaram Bhat as an entrepreneur in residence and Issac Roth as a venture advisor. Both have worked with the firm before. Bhat was CEO of Shasta-funded Zenprise, acquired by Citrix Systems, and Roth co-founded Makara, which Red Hat acquired.

Appcelerator Acquires Cocoafish

Appcelerator, a Mountain View, Calif.-based mobile platform company, is acquiring Cocoafish, a so-called cloud service that lets developers build top network features into mobile apps without writing any server code. Terms of the deal aren’t being disclosed. Cocoafish, founded in late 2010, never disclosed any outside funding. Appcelerator, founded in late 2006, raised a $15 […]

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Appcelerator Closes on $15M

Appcelerator, maker of a development platform for mobile web applications, has raised $15 million in a third round led by Mayfield Fund, Translink Capital and Red Hat. Existing investors eBay Inc., Sierra Ventures and Storm Ventures also participated. The company, based in Mountain View, Calif., has now raised a total of $31.5 million. The latest infusion will be used for international expansion and continued development of the company’s mobile development platform.

Jaspersoft Seals $11M

Jaspersoft, a maker of business intelligence software, has inked $11 million in a round of venture capital led by Red Hat and SAP Ventures. New investor Quest Software joined in the round, which also included participation from existing shareholders Doll Capital Management, Morgenthaler Ventures, Partech International, Scale Venture Partners, and Adams Street Partners. The money will be used for expansion and potential acquisitions. Jaspersoft is based in San Francisco.

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