Signaling that the future for energy efficiency is now, Kleiner Perkins Caufield & Byers and six other investors have provided $8.33 million in financing to Verdiem Corporation, a Seattle-based developer of power management software for PC networks.
The London Stock Exchange will launch a dedicated new market for issuers of specialist funds. The Specialist Fund Market will meet demand from both issuers and institutional and other professional investors for a quotation on a regulated market in London that provides sufficient flexibility for specialist vehicles such as single strategy hedge funds and private equity […]
The Riverside Company, a US-based private equity firm focused on the smaller end of the middle market, closed its third European fund. Riverside Europe Fund III at
Saab Ventures, the VC arm of Swedish car maker Saab, has acquired a 60% stake in PerformIT Systems, a Swedish developer of software for the emergency services. http://www.performit.se
Cerion Energy, a New York-based developer of fuel additives, has secured $1.2 million from Braemar Energy Ventures and Excell Partners. http://www.cerionenergy.com
Noise Free, a provider of enhanced voice-based communication solutions based in San Jose, California, has received $1.4 million in seed funding from Bay area-based ISB Ventures. http://www.noise-free-wireless.com
Serus, a Mountain View, California-based software developer, has raised $8 million in a Series C round. The new round was led by OVP Venture Partners and included investments from all of Serus' Series B participants, including Diamondhead Ventures, Zap Ventures, Prabhu Goel, Naren Gupta and BB Patel. http://www.serus.com
PayScale, an online salary and benefits comparison site based in Seattle, has netted $8.8 million as part of a Series C funding round. Corporate Executive Board led the round alongside new investor Allen & Company and returning VCs Trinity Ventures, Madrona Venture Group, Fluke Venture Partners and Buerk Dale Victor. http://www.payscale.com
Appriss, Louisville, Kentucky-based provider of Software-as-a-Service (SaaS) solutions to local, state, and Federal criminal justice and law enforcement agencies, has raised an undisclosed amount from Bain Capital Ventures and JMI Equity. http://www.appriss.com
Pangea3, a legal outsourcing firm with offices in New York, Silicon Valley and Mumbai, India, has secured $7 million in Series C funding from by Sequoia Capital India. Sumir Chadha, managing director of Sequoia Capital India, will join Pangea3's board of directors. http://www.pangea3.com