Carmel Ventures backs solar sharing network Yeloha

Boston-based solar sharing network Yeloha Inc has secured $3.5 million in Series A funding. Carmel Ventures led the round. In addition to the funding, Ronen Nir, a general partner at Carmel, has been added to Yeloha’s board of directors.


Qualcomm Ventures leads $22 mln investment in Tapingo

San Francisco-based Tapingo today announced it has raised a $22 million round of funding led by Qualcomm Incorporated, through its investment arm Qualcomm Ventures. DCM Ventures, Kinzon Capital and existing investors Khosla Ventures and Carmel Ventures also participated in the round. The company, which provides a mobile shopping platform that’s targeted to college students, has now raised $36 million in total funding, including a $10.5 million Series B round last year.


PlayBuzz picks up $16 mln Series B

Online content engagement platform PlayBuzz has secured $16 million in Series B funding. The lead investor was 83North. Saban Capital, Carmel Ventures and FirstTime Ventures also participated in the round.


Carmel Ventures leads Series A round for Yallo

Tel Aviv-based B2C communications provider Yallo has raised $4 million in Series A funding. Carmel Ventures led the round. In conjunction with the funding, Shlomo Dovrat, a co-founder and general partner at Carmel, has been added to Yallo’s board of directors.


Nielsen buys VC-backed eXelate

Nielsen has acquired eXelate, a data solutions provider that facilitates the buying and selling of advertising across programmatic platforms. No financial terms were disclosed. eXelate’s backers included NewSpring Capital, Carmel Ventures, Menlo Ventures and Trident Capital.


Carmel Ventures closes fourth fund at $194 mln

Israeli venture firm Carmel Ventures has raised $194 million for its fourth fund. Among the pool’s LPs are Baidu, Ping-An and Qihoo360. The fund’s focus is on early-stage tech companies in sectors such as enterprise software, digital media, big data and cyber security.

Nokia’s HERE buys VC-backed travel guide app Desti

HERE, which is owned by Nokia, has acquired travel planning app Desti. No financial terms were disclosed. Headquartered in Menlo Park, Calif., Desti was spun out of SRI International in 2011. It was also backed by Horizons Ventures and Carmel Ventures.


Clarizen secures $35 mln led by Goldman Sachs

Clarizen has closed a $35 million venture funding round led by Goldman Sachs & Co. Existing investors also participated in the round, including Benchmark Capital, Carmel Ventures, DAG Ventures, Opus Capital, and Vintage Investment Partners.

Carmel Ventures leads Series A in LuckyFish

Carmel Ventures has made its first social gaming investment as the lead funder of LuckyFish Games, a developer of luck-based social games for mobile devices and social networks. The business closed on $1.6 million in Series A funding.

Comcast Ventures leads SundaySky’s Series C

SundaySky, which provides video advertising services, has raised $20 million in a Series C investment round that was led by Comcast Ventures. Others in the round include Liberty Global Ventures, Vintage Investment Partners and existing investors Carmel Ventures, Globespan Capital Partners and Norwest Venture Partners. The company previously raised $17 million in funding, including a $9 million Series B round in 2010. As part of the recent round, Andrew Cleland, managing director of Comcast Ventures, has joined the board.

Reuters – SundaySky’s Personalised Videos Boost Sales Threefold

U.S.-Israeli company SundaySky expects its sales to triple annually as companies increasingly use personalised videos to win over new customers and retain existing ones, writes Reuters. Founded in 2007 in Israel, SundaySky is headquartered in New York and has raised over $17 million from Carmel Ventures, Norwest Venture Partners and Globespan Capital.

SAManage Inks $3m from Carmel Ventures

Seattle-based provider of SaaS IT management solutions SAManage has closed $3 million in venture funding from Carmel Ventures, an Israeli Venture Capital firm. Xenia Venture Capital is a previous backer of the company.

Clarizen Uploads $12M

Clarizen, the San Mateo, Calif.-based project management software firm, completed a $12 million round led by Vintage Partners. In addition Benchmark Capital, Carmel Ventures, DAG Ventures and Opus Capital joined in the round. PRESS RELEASE: Clarizen Secures $12 Million Series E Growth Financing Investment Will Accelerate the Company’s Global Expansion and Product Development SAN MATEO, […]

Group Commerce Gets $21M From Jafco, Spark, Carmel, Others

Group Commerce Inc. said it raised a $21 million Series C round of funding from Jafco Ventures and existing investors Spark Capital, Carmel Ventures, and others. The funding will be used for technology development and to expand in the U.K., Germany and other European countries. PRESS RELEASE Group Commerce Receives $21 Million for Product Development […]

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