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
Presidio Reinsurance Group, a San Francisco-based provider of medical reinsurance products, has obtained a $50 million equity commitment from FTVentures. http://www.pxis.com
NeoMend, a biotech company based in Irvine, California, has raised $6 million in a Series C round from an undisclosed VC, reports vw. Existing investors Prospect Venture Partners and Sanderling Ventures returned. http://www.neomendinc.com
Light Sciences Oncology, a Washington -based developer of a light-activated treatment for cancer tumors, has raised $30 million in a Series B round. Investors include Lehman Brothers, Deephaven Capital Management, the Malaysian Life Sciences Capital Fund, and Burrill & Co., provided the $15 million for this tranche following Fidelity Investments' $15 million in May, reports […]
Tikvah Therapeutics, an Atlanta-based company specializing in drug treatments for CNS disorders, has raised $10 million of bridge financing from undisclosed investors according to VentureWire (vw). www.tikvahtherapeutics.com
Ning, an online networking site, has raised $44 million in a Series C round led by Legg Mason, with a number of other unnamed investors participating, as well as company founder, Marc Andreessen. www.ning.com
GlassHouse Technologies, a Massachusetts-based IT consultancy, has raised $7.5 million in a Series E round according to a report by VentureWire. Montagu Newhall Associates led the round, with investment also coming from Globespan Capital Partners, Grandbanks Capital, Kodiak Venture Partners, Paladin Capital Group and Sigma Partners. http://www.glasshouse.com
SoloPower, a Granite Bay, California-based solar power specialist, has raised an undisclosed amount in venture funding from Norwegian firm Convexa Capital according to VentureWire. Returning investors included Crosslink Capital, Firsthand Capital Management Inc. and individual investors. www.solarpowerinc.net