Flash Storage Company WhipTail Raises $31M Series C

WhipTail, a Whippany, N.J.-based flash based storage company, has raised a $31 million Series C round of funding from SanDisk, Ignition Partners, RRE Ventures and Spring Mountain Capital. Silicon Valley Bank provided debt financing and the company said an unnamed Silicon Valley industry titan also invested.

New Enterprise Leads $35 Mln Round for Braintree

Braintree said Wednesday that it raised a $35 million Series B round of funding led by New Enterprise Associates . Existing investors, including Accel Partners, RRE Ventures and Greycroft, also participated. Chicago-based Braintree, a payments platform for online and mobile commerce, has raised a total of $70 million in funding.

Quirky Raises $68 Million Series C Led by Andreessen Horowitz

The New York-based Quirky, a three-year-old product development company that relies on the wisdom of crowds, has raised $68 million in Series C funding led by Andreessen Horowitz, with “significant participation” from new investor Kleiner Perkins Caufield & Byers. Previous investors Norwest Venture Partners and RRE Ventures also participated in the round, which has brought […]

On Deck Founder Named Co-Chair of One in Three

Technology platform On Deck has announced that its founder and former chief executive officer Mitch Jacobs has been named co-chairman of the One in Three Leadership Council, a non-profit initiative of the Association for Enterprise Opportunity. The council’s goal is to create new jobs by reaching 1 million microbusinesses throughout the US. On Deck is […]

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 […]

Ember Renews Venture Debt Financing

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 […]

Flash-Based Storage Startup WhipTail Lands Series B

WhipTail, a Whippany, N.J.-based flash based storage company, has raised a Series B round of funding led by RRE Ventures. Ignition Partners and Spring Mountain Capital also participated in the round, the amount of which was not disclosed. PRESS RELEASE: Today WhipTail, maker of the world’s first and most widely deployed all-flash enterprise class storage […]

GetGlue Raises $12M From Rho, Union Square, Others

GetGlue said in a blog post it closed a $12 million round of financing led by Rho Ventures and joined by existing investors TimeWarner Investments, RRE Ventures, and Union Square Ventures. The social TV company also said it reached the 2 million user milestone and saw more than 100 million check-ins in 2011. BLOG POST […]

BuzzFeed Inks $15.5M

BuzzFeed has sealed $15.5 million from investors including New Enterprise Associates, Lerer Ventures, Hearst Media, Softbank and RRE Ventures. NEA and Lerer led the round. As a result of the round, Patrick Kerins, a general partner at NEA will join BuzzFeed’s board. Kenneth Lerer, manager of Lerer Ventures and co-founder of The Huffington Post, will expand his role, becoming executive chairman.

BestVendor Closes $3M Series A

BestVendor has closed a $3 million Series A round co-led by RRE Ventures and SoftBank Capital. Additional investors include Lerer Ventures, who invested in the company’s seed round, along with David Tisch, Founder Collective and Old Willow Partners, the company announced Tuesday. New York-based BestVendor is an online resources where users share and recommend work-related applications.

Betaworks’ John Borthwick on Losing a Cofounder, Shopping for Secondary Shares, and an Eventual IPO

Betaworks, the New York-based company, has focused on making, buying, and otherwise nurturing real-time technologies since its outset in 2007. Turns out its strategy is going so well, the company may eventually go public. The offering would be a hot one. In addition to in-house creations that include the analytics services Bit.ly, Chartbeat, and SocialFlow, […]

STELLAService Completes $5M Round

Battery Ventures led a $5 million A round in STELLAService, the customer service ratings provider for online retailers. DFJ Gotham Ventures and RRE Ventures joined in on the investment as well; and new investors Forerunner Ventures also jumped in on the deal.

SideTour Gets $1.5M Round

SideTour, which just emerged from stealth mode after being founded this summer, has raised $1.5 million from VCs including Foundry Group and RRE Ventures. Founders include Vipin Goyal, CEO, Aaron Foss, Minesh Mistry and Mark Webster. Unlike most daily deal sites, SideTour seeks to provide its client base with off-the-beaten-path, more unique retail and dining experiences. SideTour is part of the TechStars incubator program.

Recycle Rewards Gets Waste Management Backing

Waste Management, the Texas-based sanitation and recycling company, has made a strategic investment in Recycle Rewards, and its subsidiary, Recyclebank, which tethers discounts to green “action” by consumers. With the investment, from which terms were not specified, Waste Management joins existing Recyclebank investors RRE Ventures, Sigma Partners, Kleiner Perkins Caulfield and Byers, The Westly Group, Generation Investment Management, Top Tier Capital Partners, Physic Ventures and Craton Equity Partners.

Affinity China Closes $600,000 Seed Round

Affinity China, a loyalty, reward and lifestyle network for Chinese traveling overseas, has raised $600,000 in seed financing from venture firms RRE Ventures and 500 Startups as well as from strategic investor Loeb Enterprises. The company launched a private beta version of its platform earlier this year, aiming to tap into China’s $26 billion luxury market. Members can access a variety of offers ranging from receptions with sports stars to weekends in the Hamptons and other locations.

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