VC-backed IMVU hires product SVP

IMVU has named Stewart Bonn as senior vice president of product. Prior to joining IMVU, Bonn worked at If You Can where he served as chief product officer. Based in Mountain View, Calif., IMVU connects users through customizable avatar-based experiences. It is backed by Menlo Ventures, Allegis Capital, Bridgescale Partners and Best Buy Capital.

Valencell grabs more than $7 mln Series C

Valencell said Monday that it has raised more than $7 million in Series C financing. The investors included WSJ Joshua Fund, TDF Ventures, True Ventures and Best Buy Capital. Based in Raleigh, NC, Valencell is a provider of performance biometric data sensor technology.

Valencell Inks $5.5M Series B

Best Buy Capital, the venture capital arm of Best Buy Co., led a $5.5 million Series B round for mobile health and fitness company Valencell. Series A investors TDF and True Ventures also contributed to the round. Valencell has developed earbuds designed to give audio headsets the ability to monitor the health and fitness of the user. The company was formed in 2006 and is based in Raleigh, N.C.

Best Buy Backs SiBEAM

SiBeam Inc., a Sunnyvale, Calif.-based developer of semiconductor systems solutions for wireless communications platforms, has raised an undisclosed amount of strategic funding from Best Buy Capital. The company previously raised over $80 million, from Foundation Capital, New Enterprise Associates, U.S. Venture Partners, Panasonic and Samsung.

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