Turn Inc., a San Mateo, Calif.-based online automatic-targeting advertising network, has raised $8 million in Series B funding, according to a regulatory filing. Listed shareholders are return backers Norwest Venture Partners, Trident Capital and Shasta Ventures. It closed on an $18 million Series A round in late 2006. www.turn.com
Rave Wireless Inc., a New York
CardioMEMS Inc., an Atlanta-based developer of wireless medical pressure sensors, has called down $23.28 million of a $31.5 million Series D round, according to a regulatory filing. The deal comes four months after CardioMEMS withdrew registration for an $86.25 million IPO, which it said would have been “discretionary.” It also said that “terms currently obtainable […]
Solarity Inc., an Atlanta-based developer of nano-structured solar cells, has raised $5 million in Series A funding led by New Enterprise Associates, according to a regulatory filing. The company is being spun out of Georgia Tech, and is founded by Ajeet Rohatgi.
Cocona Inc., a Longmont, Colo.-based maker of textiles using green-friendly polymers derived from coconut shells, has raised $4.86 million in Series A funding led by FairHaven Capital Partners, according to a regulatory filing. The deal had been previously disclosed, but without the dollar amount. www.coconafabrics.com
NCSRT Inc. has raised $5 million in Series A funding from Inverness Capital Partners, according to a regulatory filing. The Apex, N.C.-based company makes filtration and separation systems and consumables for the food processing, biotech and pharmaceutical industries. www.ncsrt.com
Stonybrook Water Purification Inc., a Setauket, N.Y.-based water purification startup, has secured $500,000 of a $4.1 million Series A round, according to a regulatory filing. Backers include Battery Ventures, TianDi Growth Partners, T2 Venture Partners and Modern Water PLC. www.stonybrook-water.com
Positive Networks Inc., an Overland, Kansas-based provider of virtual private networks (VPNs), has called down $2.35 million of a $3 million Series C round, according to a regulatory filing. Backers include Digital Coast Ventures and Mariner Capital Ventures. www.positivenetworks.com
Tribotek Inc., a Burlington, Mass.-based maker of high-current density power and data connectors, has raised $2.98 million in Series E funding, according to a regulatory filing. Backers include J&W Seligman & Co. and Lehman Brothers. www.tribotek-connectors.com
Randy Hicks has joined KPS Capital Partners as a managing director and head of business development. He previously was a senior managing director of origination for FirstLight Financial Corp. The firm also has added Sarah Weintraub as assistant controller, and four new associates: Ryan Baker, Michael Houy, Evan LePatner and Lee Mlotek. www.kpsfund.com