WALTHAM, MA — Gomez Inc. today announced a financing round of $3.5 million to fund future growth. The round was led by existing investor Dolphin Communications Partners of New York. Also participating were Softbank Finance and Morningstar Japan.
The funds will be used to underwrite the development and distribution of new products and services, according to Alex Stein, Gomez president. Beyond hiring additional sales staff and expanding distribution partnerships, the additional capital will also enable the firm to extend its brand awareness through new marketing initiatives, Stein said.
GREAT BARRINGTON, MA — HotRoof Inc., a software company providing media customization and fulfillment technologies that enable businesses to increase profitability and efficiencies by delivering custom video programming to target audiences, today announced it has received additional financing from its existing investors. The latest round of financing, which totals $825,000, will be devoted to additional product development and sales efforts for HotRoof’s award-winning media customization software, StreamWriter(TM), as well as the launch of an expanded product line of on-demand media fulfillment products. HotRoof’s current customers include Advance/Conde Nast Publications, Lifetime Entertainment/Artisan Entertainment and PRIMEDIA.
Davenport Capital Ventures, a Braintree, MA-based venture capital firm with investments in over 25 emerging high technology businesses, led the Company’s $3.3 million “B” round last October and again leads the group of investors. The round also includes contributions from existing investors Village Ventures and Flavin, Blake & Co.
EL SEGUNDO, CA — iSuppli Corp. announced it has raised its third round of financing, further confirming its unique approach to high-volume electronic component sourcing, procurement, and industry market intelligence services. The funding round, established as a flat valuation to the second round, brings total venture investments in iSuppli to over $61 million.
Previous iSuppli investors joined in the third round of funding, giving a major vote of confidence for the iSuppli business model, management team, and business plan execution to date. The principal third round investors include, CMEA Ventures, NeoCarta Ventures, Tyco Ventures and Derek Lidow — iSuppli President and CEO.
SANTA BARBARA, CA — Envenergy Inc., a provider of hardware, software, and networking solutions for energy and facility management, today announced the close of a $13.4 million round of financing.
Nth Power, a leading venture capital firm specializing in energy technology, was the lead investor. The Series C round, which was over-subscribed, includes investments from Rustic Canyon Ventures, OPG Ventures (the venture arm of Ontario Power Generation), Summit Energy Ventures (an affiliate of Commonwealth Energy Corp.), SP Capital (the venture arm of Singapore Power), and the Santa Barbara Technology Group.
MUNICH & BOSTON & SAN FRANCISCO — Techno Venture Management, the German-U.S. venture capital firm, announced today that it has closed TVM V Life Science Ventures at