Genacast Ventures and Core Capital leads Series A round for STAQ

Ad tech firm STAQ has secured $2.5 million in Series A financing. Genacast Ventures and Core Capital led the round with participation from Kinetic Ventures, Revel Partners and The Hive. Also, Gil Beyda of Genacast Ventures and Mark Levine of Core Capital have been appointed to STAQ’s board of advisors.


AnyPresence nabs $6 mln

Reston, Virginia-based cloud-based mobile platform provider AnyPresence said Tuesday that it has closed $6 million in funding. CNF Investments led the round with participation from Kinetic Ventures, Grotech Ventures and Citrix.


Altierre grabs over $21 mln

Altierre Corp. has raised more than $21 million in financing. Stratim Capital and D.E. Shaw & Co. led the round with participation from previous backers ATA Ventures, DuPont Capital Management, Labrador Ventures and Kinetic Ventures. According to the firm, the capital infusion will be used for growth. Headquartered in San Jose, Calif., Altierre is a provider of wireless technology for the internet of things.

Itron Acquires VC-backed SmartSynch

Itron, a provider of energy and water resource management solutions is to acquire Jackson, Mississippi-based SmartSynch in a $100 million transaction. SmartSynch is a provider of point-to-point smart grid solutions that use a cellular network for communications. Backers of the company include Kinetic Ventures, JP Morgan, Endeavor Capital Management, Nth Power, GulfSouth Capital, Siemens Venture […]

Coraid Adds $50M in New Funding

Redwood City, Calif.-based Coraid Inc. has added $50 million in a new round led by Crosslink Capital. Existing investors Menlo Ventures, Allegis Capital, Azure Capital Partners and affiliates of Silver Lake, as well as new investors Seagate Technology and Kinetic Ventures also contributed. Coraid is a developer of Ethernet SAN technology.

Tower Cloud Atrracts Further Funding

Wireless services provider Tower Cloud has secured $49 million in equity funding to fuel expansion and growth of its 4G wireless backhaul networks. The latest round of funding was led by two of Tower Cloud’s existing investors, The Burton Partnership and Knology, Inc. Tower Cloud’s other existing institutional investors include: Sutter Hill Ventures, El Dorado Ventures, Ballast Point Ventures, Kinetic Ventures, ITC Partners Fund and Noro-Moseley Partners. For this round, two new investors joined the strong consortium, The Florida Growth Fund and CLR Investors.

Cardlytics Seals $33M from Groupe Aeroplan, Others

Atlanta-based Cardlytics has raised $33 million from Groupe Aeroplan and existing investors to expand its transaction-driven marketing technology and banking rewards business in the U.S. and abroad. The company has raised financing previously from investors Kinetic Ventures, ITC Holding Company, Canaan Partners, Polaris Venture Partners and Total Technology Ventures.

Cam Lanier Joins Kinetic Ventures

Cam Lanier III has joined Kinetic Ventures as a senior director. He currently is chairman of ITC Holding C0., and previously helped found Interstate Communications (sold to MCI for $1.2b in 1990).

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