Concurrent Raises $4M From True, Rembrandt

Concurrent, Inc. said it raised $4 million of Series A funding in a deal led by True Ventures and Rembrandt Venture Partners. The San Francisco company previously raised a $900,000 seed investment in August 2011. The new money will go to product development and for new hires. Concurrent also named Gary Nakamura as CEO.

MobileSpan Dials Up $2.3M, Led by True Ventures

MobileSpan has raised $2.3 million in a Series A round of funding led by True Ventures, with participation from Greylock Partners, K9 Ventures, Alchemist Accelerator and several individual investors. The company, which helps users plug their personal laptops and mobile devices into their corporate enterprise systems, says the round was oversubscribed.

It Pays to Be Nice: A Tale of Two Startups

Approximately two years ago, two startups that had yet to launch products raised more than $40 million, respectively, based almost solely on the track records of their founders. Both companies went on to stumble badly, but only one of them was pilloried for its failings.

LoopFuse and Nearstream Join Forces

LoopFuse, a cloud-based marketing automation software company, has completed a merger with Nearstream, a provider of social engagement software. The combined company is to be called Nearstream. LoopFuse os backed by True Ventures among others.

Helpshift Raises $3.2M From True, Nexus

Helpshift said it raised a $3.2 million round of seed funding led by True Ventures and Nexus Venture Partners. The company is developing a customer support service for mobile apps.

Kiip Gets Backing from Japanese Internet Giant Digital Garage

Mobile rewards network Kiip has secured financing from Japanese Internet business Digital Garage. The strategic investor joins the company’s most recent $11 million round of Series B funding. The company is backed by Relay Ventures, Hummer Winblad, True Ventures, Verizon Ventures, Crosslink Capital and others.

AOptix Closes $42 Million Series E Funding

AOptix, a Campbell, Calif.-based company that makes optical communications and iris biometrics-based software for the government and commercial markets, has closed a $42 million Series E round of funding by existing investors Clearstone Venture Partners, DAG Ventures, Kleiner Perkins Caufield & Byers, Northgate Capital and W Capital Partners, along with new investor, True Ventures. The 12-year-old […]

9GAG Secures Seed Funds Led by Freestyle and True Ventures

Online comedy community 9GAG has received $2.8 million in seed funding led by early stage investment firms Freestyle Capital and True Ventures. First Round Capital, Greycroft Partners and returning investor 500 Startups also participated in the round. PRESS RELEASE 9GAG, the world’s largest and fastest growing online comedy community, today announced a new mobile app […]

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