Indix Corporation attracts funds led by Avalon and Nexus

Indix Corporation has closed $8.5 million of a $9 million Series A-1 round of financing, co-led by Avalon Ventures and Nexus Venture Partners. Founded in 2010, Indix is a SaaS and big data product intelligence platform based in Seattle with a product development and engineering team in Chennai, India.

Ad Tech Startup Nanigans Raises $5.8 Million Led by Avalon Ventures

Nanigans, a Boston-based startup that makes advertising technology software to help advertisers maximize their social and mobile advertising, has raised $5.8 million led by Avalon Ventures. The company is describing the round as “Series A.1 funding,” having raised $3.1 million in 2011, including from Avalon.

Simulmedia Raises $5 Million from Union Square Ventures and Others

The New York-based media marketing firm Simulmedia has raised another $5 million in funding from Time Warner Investments, Avalon Ventures, and Union Square Ventures, according to an SEC Filing. The investors have collectively invested roughly $32 million in Simulmedia since its 2009 founding.

Kaltura Secures $25m New Funding

Kaltura, an open source video platform, has secured $25 million of funding from new investors Mitsui & Co. Global Investment, Inc. and ORIX Ventures. Existing investors Nexus Venture Partners, Intel Capital, .406 Ventures and Avalon Ventures also participated.

peHUB First Read

Click on this morning’s First Read to find out about Avalon Ventures’ tenth fund, Mango Health’s stellar fundraising and why venture capital is most definitely not broken.

Awarepoint Picks up $14M

Awarepoint Corp., the real-time location system services provider for healthcare clients, has added $14 million in funding. Heritage Group led the round and was joined by Kleiner Perkins Caufield & Byers, Cardinal Partners, Venrock, Jafco Ventures, Avalon Ventures, New Leaf Venture Partners and Top Tier Capital Partners. PRESS RELEASE: Awarepoint Raises $14 Million in Additional […]

Restaurant App Mogl Raises $10M, Led by Sigma Partners

Mogl, a San Diego-based customer loyalty platform company, has raised $10 million, led by Sigma Partners, with participation from Austin Ventures and Avalon Ventures. The company has raised $12.4 million altogether, and launched in April of last year. PRESS RELEASE: SAN DIEGO, Jan 31, 2012 (GlobeNewswire via COMTEX) — MOGL ( www.MOGL.com ), the award-winning customer […]

Acceleron Pharma Inks $30M

Cambridge, Mass.-based Acceleron Pharma Inc. has raised $30 million in financing. The company said that strategic partner Celgene contributed to the round, along with “all other existing investors.” Acceleron has raised capital from Advanced Technology Ventures, Alkermes, Avalon Ventures, Bessemer Ventures, Celgene, Flagship Ventures, MPM BioEquities, OrbiMed Advisors, Polaris Ventures, QVT Financial, Sutter Hill Ventures and Venrock. The new funds will be used to expand the company’s clinical stage pipeline.

Aratana Therapeutics Inks $15M

Aratana Therapeutics, a company developing medicines for companion animals, has closed on $15 million in Series B financing. The company, since its launch earlier this year, has raised a total of $31 million. Existing shareholders MPM Capital, Avalon Ventures and Cultivian Ventures contributed to the round, as did new investor the Ewing Marion Kauffman Foundation. The company is based in Kansas City, Kansas.

Standing Cloud Seals $3M from Foundry, Avalon

Standing Cloud, a provider of cloud application management services, has raised $3 million from existing investors Foundry Group and Avalon Ventures. The company has raised a total of $8 million. The company will use the infusion for development, among other efforts. Founded in 2009, Standing Cloud is based in Boulder, Colo.

Panmira Gets New CEO

Panmira Pharmaceuticals has appointed Hari Kumar as chief executive officer. Panmira was spun out of Amira Pharmaceuticals prior to Amira’s acquisition by Bristol-Myers Squibb. Investors include Dr. Brad Bolzon (Versant Ventures), Mr. Kevin Kinsella (Avalon Ventures), Dr. David Schnell (Prospect Venture Partners) and Dr. Heath Lukatch (Novo A/S).

TwinStrata Raises $8 Million in Series B Funding

TwinStrata, a cloud-based data storage provider based in Natick, Mass., has raised an $8 million Series B round led by Avalon Ventures. The company has not disclosed any other investors in the company. PRESS RELEASE: TwinStrata, Inc., the leading innovator of cloud-based data storage, backup and disaster recovery solutions, today announced that it has closed […]

Right Side Capital’s Plan For Low Touch, High Volume Online Seed Investing

Right Side Capital Management is pushing ahead with a pioneering plan for no-pitch, high-volume angel and seed investing. The San Francisco firm intends to begin investing as early as the end of this year and late last month joined a syndicate of firms providing $24 million in funding to TechStars startups. The plan is to […]

Backupify Secures $5M Series B

Cambridge, Mass.-based Backupify has closed on $5 million in a Series B round led by Avalon Ventures. The company provides data protection and management services for cloud-based applications. General Catalyst and Lowercase Capital also contributed to the round, bringing the company’s total financing to date to $10.4 million.

Nanigans Seals $3M Series A

Nanigans Inc., the maker of a real-time bidding platform for the Facebook ads marketplace, has closed on $3 million from Avalon Ventures and Boston-based angel investors. The Series A round will help the company expand its staff, and continue developing its Ad Engine platform. Rich Levandov, managing director at Avalon Ventures, joins the company’s board.

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