Venture capitalist Greg Gretsch believes the social media company Strava is poised to become the “number one sports brand of the 21st century.” The question is whether Gretsch has landed on the ground floor of one of America’s next big companies or gotten way ahead of himself.

WordStream, a provider of search engine marketing software and services for small and medium-sized businesses has secured an additional $6 million in financing. The third round was led by Sigma + Partners and Egan-Managed Capital. The company has raised a total of $16 million to date. PRESS RELEASE WordStream Inc., a provider of search engine [...]

Rethink Robotics (formerly Heartland Robotics), founded by iRobot co-founder Rodney Brooks, has secured $30 million in Series C financing. The funding round was led by Sigma Partners, with participation from all prior investors as well as a new investor, Draper Fisher Jurvetson. PRESS RELEASE Rethink Robotics (formerly Heartland Robotics), founded by iRobot co-founder Rodney Brooks [...]

CiRBA Inc. said it raised $15 million in a third round of institutional funding led by Tandem Expansion Fund and joined by existing investors Sigma Partners and Edgestone Capital Partners. The company will use the money to expand. PRESS RELEASE CiRBA SECURES $15 MILLION TO FUEL GROWTH Record revenues achieved in 2011 as enterprise customers [...]

YouSendIt, a provider of extended enterprise collaboration services, has launched a new product line called Workstream. Headquartered in Campbell, CA, YouSendIt is backed by venture capital firms Adams Street Partners, Alloy Ventures, Emergence Capital Partners, Sevin Rosen Funds and Sigma Partners. PRESS RELEASE YouSendIt, Inc., the leading provider of extended enterprise collaboration services, today announced [...]

SugarSync, whose free service allows you to sync your data across computers, mobile phones and other devices, has raised $15 million in Series D financing. New investor Coral Group led the round, with existing investors Draper Fisher Jurvetson, Sigma Partners, Hatteras Venture Partners and Hercules participating. The company has raised a total of $50 million [...]

Mogl, a San Diego-based customer loyalty platform company, has raised $10 million, led by Sigma Partners, with participation from Austin Ventures and Avalon Ventures. The company has raised $12.4 million altogether, and launched in April of last year. PRESS RELEASE: SAN DIEGO, Jan 31, 2012 (GlobeNewswire via COMTEX) — MOGL ( www.MOGL.com ), the award-winning customer [...]

Leyden Energy, a manufacturer of advanced lithium-imide batteries, has partnered with Powermat Technologies, a provider of wireless charging technology for smartphones and other consumer electronics. Leyden Energy’s is backed by New Enterprise Associates, Lightspeed Ventures, Sigma Partners and Walden International. PRESS RELEASE Leyden Energy, Inc., the leading manufacturer of advanced lithium-imide (Li-imide(TM)) batteries, today announced [...]

GainSpan(R) Corporation, a developer of ultra-low power embedded Wi-Fi solutions, has raised $18 million in Series C funding. Hatteras Funds, based in New York and North Carolina, and Mobile Internet Capital, based in Japan, joined the round with existing investors Opus Capital, In-Q-Tel, Intel Capital, New Venture Partners, Sigma Partners and Camp Ventures. GainSpan will [...]

GlassHouse Technologies, a provider of cloud, virtualization, security and data center managed services, has pulled plans for an initial public offering, the company announced Tuesday. GlassHouse, which has raised money from investors including Sigma Partners, Kodiak Venture Partners, GrandBanks Capital, Globespan Capital Partners and Paladin Capital Group, cited volatile market conditions as the reason for nixing its IPO plans.