Ray Lane, Promus, GrandBanks, Salesforce back $3.1 mln round for Dispatch

Dispatch said it raised a $3.1 million of seed funding in a deal led by Promus Ventures and GrandBanks Capital, and joined by Salesforce Ventures, Ray Lane, Mark Goldstein, Launch Capital and Kima Ventures. It also launched a product aimed at bringing enterprise customers a mobile extension to their legacy systems.

Fulcrum-backed Prevalent hires chief strategy officer

Prevalent, which is backed by Fulcrum Equity Partners, has hired Matthew Hicks as chief strategy officer. Hicks is the former executive-in-residence at Grandbanks Capital. Headquartered in Warren, NJ, Prevalent is a provider of third-party risk and vendor threat intelligence solutions.

Coherent Path nabs $6.25 mln

Customer engagement platform provider Coherent Path has closed $6.25 million in funding. Sigma Prime Ventures and GrandBanks Capital led the round with participation from Common Angels, dunnhumby Ventures and BOLDstart Ventures. According to the firm, the capital infusion will be used to expand its sales and marketing teams.

EachScape Appoints Marci Weisler as COO

EachScape, a drag & drop platform for creating and managing high end mobile applications has appointed Marci Weisler as COO. The start-up closed a $3 million in series A funding in January with GrandBanks Capital, Contour Venture Partners and NYC Seed. PRESS RELEASE We all know that cost, time-to-market, and fragmentation continue to plague mobile […]

Vivox Seals Droplet Deal

Framingham, Mass.-based social communications business Vivox has acquired Droplet, a developer of patented technology to deliver video chat on mobile networks. Vivox’s backers include Peacock Equity, Benchmark Capital, Canaan Partners, Grandbanks Capital and IDG Ventures San Francisco. PRESS RELEASE Vivox Inc., a leader in social communications, today announced its acquisition of Droplet Inc., a developer […]

SilverRail Technologies Attracts Series B Funding

London and Boston headquartered travel technology firm SilverRail Technologies has raised $15 million in Series B funding. Canaan Partners led the funding and current investors Sutter Hill, Accel Partners, GrandBanks Capital and Brook Ventures also supported the round. PRESS RELEASE SilverRail Technologies, the company behind the global rail ticketing platform SilverCore, has raised $15 million […]

Ember Renews Venture Debt Financing

Boston-based Ember, a provider of low-power wireless mesh networking technology has renewed its 2009 US$5 million venture debt financing. Wellington Financial arranged the financing for the original transaction which provided the company with additional working capital to accommodate its growth strategy. Venture capital backers include Polaris Ventures, GrandBanks Capital, RRE Ventures, Vulcan Capital, DFJ ePlanet […]

KnowledgeVision Systems Secures Funding

KnowledgeVision Systems, a provider of cloud-based tools and services for creating online, on-demand and live multimedia presentations, has closed a $2 million Series A financing from a group of investors led by GrandBanks Capital. The company will use the new funds to strengthen its position and accelerate its market development activities worldwide. PRESS RELEASE KnowledgeVision […]

GlassHouse Technologies Pulls IPO Plans

GlassHouse Technologies, a provider of cloud, virtualization, security and data center managed services, has pulled plans for an initial public offering, the company announced Tuesday. GlassHouse, which has raised money from investors including Sigma Partners, Kodiak Venture Partners, GrandBanks Capital, Globespan Capital Partners and Paladin Capital Group, cited volatile market conditions as the reason for nixing its IPO plans.

Sequoia-Backed Achievers Raises $24.5M

Achievers — which develops human resources software that provides performance-based rewards — announced today that it has raised a $24.5 million Series C round that was led by Sequoia Capital and includes JLA Ventures, GrandBanks Capital and the Ontario Venture Capital Fund. The company, formerly known as I Love Rewards, has now raised about $48 […]

Ryan Moore to Atlas Venture

GrandBanks Capital co-founder Ryan Moore will join Atlas Venture as a partner. Moore spoke with peHUB, and said his move would come in November, after he completed a variety of responsibilities he has ongoing with more than a half-dozen portfolio companies. With Atlas, he’ll help the VC recruit entrepreneurs and executives in residence. The news was reported earlier today by Fortune.


VCJ Report: Travel Sites Taking Off

A year ago, Adam Goldstein and Steve Huffman, frustrated with their online travel search experiences, co-founded San Francisco-based Hipmunk to help people book travel plans quicker and easier. The Hipmunk site is a hit with users and some VCs, as the company has raised $5.2 million in venture funding from Ignition Partners, Y Combinator, SV […]

Slideshow: Top 10 VC-Backed Acquisitions for Q1

Acquisitions of venture-backed companies appear to be continuing at a decent pace, with the announcement yesterday that eBay has agreed to buy VC-backed mobile ad startup Where Inc. Given that the purchase price wasn’t disclosed, it’s unclear how Where’s backers will fare on the deal. The Boston-based company raised a total of $16.1 million over […]

EBay Will Buy Ad Company Where

NEW YORK, April 20 (Reuters) – EBay Inc. said it would buy Where, a company that delivers local advertising to mobile phones, in its latest push to allow more retailers to do business with customers through its services. The deal marks an exit for GrandBanks Capital and Kodiak Venture Partners, which bought into Where’s parent, […]

SilverRail Technologies Adds $5M Infusion

SilverRail Technologies, maker of a platform for passenger rail ticketing, has inked $5 million in new financing. The company, which is based in Boston and London, is backed by PAR Capital, Sutter Hill, Grandbanks Capital, Brook Ventures and Accel Partners. PAR Capital led the most recent round, which will help the company expand its platform and integrate with new rail carrier inventory systems.

youDevise To Buy First Coverage

youDevise, of London, has agreed to buy Boston-based First Coverage. Financial terms were not announced. The companies provide online services that allow institutional investors to receive short- and long-term trade ideas from their brokerage firms. Commonwealth Capital Ventures of Boston, GrandBanks Capital of Boston, and JLA Ventures of Toronto were original investors of First Coverage.

VillageVines Gets Series A Funding Round

VillageVines, the New York-based website that provides bargains for metropolitan hot spots, completed a $3 million Series A fundraising. Hearst Interactive Media, GrandBanks Capital and High Peaks Venture Partners participated in the funding round. Angel investors contributed $750,000 to the company’s development earlier.

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