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Digital business company Acquia bags $50 mln

Acquia has raised $50 million in funding. New Enterprise Associates led the round with participation from Split Rock Partners, North Bridge Venture Partners, Sigma Partners, Investor Growth Capital and Tenaya Capital. In addition to the funding, Ravi Viswanathan, general partner at NEA, has been named to Acquia’s board of directors. Headquartered in Burlington, Mass., Acquia is a digital business firm.

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Fluid buys VC-backed 8thBridge

Fluid said Monday that it has acquired 8thBridge. No financial terms were disclosed. Based in Minneapolis, 8thBridge, which is backed by Trident Capital and Split Rock Partners, is a provider of social discovery, curation, analytics and marketing solutions for retailers.

Split Rock Promotes Allison to Principal

Split Rock Partners, a venture capital firm focused on software, Internet services, and healthcare has promoted David Allison to principal in its Menlo Park office. Allison has been with the firm since 2009 and has focused on investments in the healthcare sector.

Histogenics Lines up Big-Name Life Sci VCs for Mega A-Round

Waltham, Mass.-based regenerative medicine developer Histogenics Corp. wrapped up a $49 million Series A round, the company revealed Tuesday. Sofinnova Ventures led the big round, and was joined by a litany of backers: Split Rock Partners, BioMed Ventures and FinTech GIMV Fund, L.P. invested for the first time, and were joined by ProChon Holdings BV, […]

Code 42 Software Appoints Accel’s Bowman to Board

Software developer Code 42 Software has appointed Kirk Bowman of Accel Partners to its board of directors. Bowman will provide strategic insight and guidance to Code 42 Software as the company continues accelerating product development and increasing global market share. His appointment follows Code 42’s $52.5 million first round of funding in January 2012 which […]

Code 42 Gets Accel Big Data Backing

Code 42 Software, developers of onsite, offsite and online backup solutions for consumers and businesses has secured $52.5 million in venture funding. Led by Accel Partners with participation from Split Rock Partners, the funding will be used to accelerate product development. PRESS RELEASE Code 42 Software Inc., developers of award-winning onsite, offsite and online backup […]

DFINE Adds $25M in Fresh Capital

DFINE Inc., a maker of minimally invasive radiofrequency targeted therapies for the treatment of vertebral pathologies, closed a $25 million. Investors include OrbiMed Advisors, Prospect Venture Partners, Split Rock Partners, BBT Fund/Apothecary Capital, Highland Capital Management and Vanguard Ventures.

RF Surgical Systems Raises $12M More

RF Surgical Systems, a Bellevue, Wash.-based company whose technology keeps track of surgical sponges during hospital procedures (so they won’t get lost in patients), has closed on a $12 million round led by the healthcare-focused venture capital firm Split Rock Partners. Previous investors Menlo Ventures, Stanford University and two of the company founders also participated […]

Leo de Luna Joins Split Rock Partners

Leo de Luna has joined Split Rock Partners as a principal in its Menlo Park, Calif., offices. He will focus on identifying, evaluating and managing new later stage and secondary opportunities. He served most recently as a vice president at Saints Capital, a firm specializing in secondary direct investments. Earlier in his career, de Luna worked for St. Paul Venture Capital, and in technology investment banking at Lehman Brothers, and corporate development at Advanced Micro Devices.

Entellus Medical Seals $35M in Fresh VC

Entellus Medical Inc., a medical device company focused on treatments for chronic sinusitis, has inked $35 million in fresh capital. Covidien Ventures led the round, which included existing investors SV Life Sciences, Essex Woodlands, Split Rock Partners and Greenspring Associates. The money will help Entellus continue efforts to commercialize the company’s products.

Transcend Medical Sews Up $51M Series B

Transcend Medical Inc., a Menlo Park, Calif.-based ophthalmic device company, has closed a second tranche of its Series B round, bringing the total to an eye-popping $51 million. Investors include Investor Growth Capital, Canaan Partners, Finistere Ventures, HLM Venture Partners, Kaiser Permanente Ventures, Latterell Venture Partners, Morgenthaler Ventures, Split Rock Partners and Technology Partners. The company says it will use the funds to develop additional infrastructure and resources for a U.S. study of its micro-stent technology. The company is focused on minimally invasive glaucoma therapies.

Split Rock Leads $12.3M Round for Intacct

Split Rock Partners led a $12.3 million round for cloud financial management and accounting software maker Intacct. Existing shareholders Bessemer Venture Partners, Emergence Capital, Sigma Partners and Sutter Hill Ventures also participated in the round. The infusion will help Intacct bolster its team, the company said.

8thBridge Nabs $10M Series B

Minneapolis-based 8thBridge Inc., the creator of a social commerce platform for merchants, has raised $10 million in Series B financing. Trident Capital led the round, which included participation from existing shareholder Split Rock Partners. The company, which recently changed its name from Alvenda Inc., closed a $5 million Series A round in early 2010.

Daniel Ryan Joins Split Rock Partners

Daniel Ryan has joined venture firm Split Rock Partners as an entrepreneur-in-residence. Ryan served previously as executive vice president and general manager of the network security unit at McAfee. Previously, Ryan was president and chief executive for Secure Computing. In his new role at Split Rock, Ryan will evaluate a range of opportunities in enterprise security and cloud services. Split Rock has offices in Minneapolis and Menlo Park, Calif.

Matt Coffin Joins Split Rock Partners

Matt Coffin has joined Split Rock Partners as a venture advisor. He had been founder and CEO of former Split Rock portfolio company LowerMyBills, which was acquired by Experian in 2005 for $380 million. PRESS RELEASE Split Rock Partners, a venture capital firm focused on emerging software and internet services companies, is pleased to announce […]

Ex-WSJ Digital Exec Joins Split Rock Partners

Jamie Thingelstad has joined venture capital firm Split Rock Partners as an entrepreneur-in-residence. He is the former vice president and chief technology officer of the Wall Street Journal Digital Network and, before that, was CTO of MarketWatch.

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