NEA leads seed round for India stationery site Inksedge

Inksedge, a Silicon Valley and India-based online site that sells personalized designer stationery, has raised $1.5 million in seed funding. New Enterprise Associates led the round with participation from other investors that included Pinnacle Ventures and Milliways Ventures.


Boost Media fetches $19 mln Series C

San Francisco-based Boost Media, a provider of creative optimization marketing technology, has closed $19 million in Series C funding. Battery Ventures led the round with participation from other investors that included Javelin Venture Partners, Pinnacle Ventures and Webb Investment Network. In addition to funding, Boost Media has appointed Roger Lee, a general partner at Battery Ventures, to its board of directors. Also, the company has hired Michael Feldman as senior vice president of business development and Jeff McCarthy as vice president of customer success.

True(X) Media grabs $6 mln

According to a company spokesperson, True(X) Media has received an additional $6 million in financing from its previous backers Pinnacle Ventures, Norwest Venture Partners, Jafco Ventures and Redpoint Ventures. In addition to the funding, the firm has named James Murdoch, Mich Mathews and Jon Miller to its board of directors. True(X) Media is an engagement advertising platform.


VC-backed Kabam buys Phoenix Age

Kabam, which is backed by Canaan Partners, Redpoint Ventures and Pinnacle Ventures, has acquired Phoenix Age. No financial terms were disclosed. Based in San Francisco, Phoenix Age is a game studio.

Mobile ad startup Voxel raises $1.6 mln in seed funding

Voxel, which launched Monday at TechCrunch Disrupt in San Francisco, has raised $1.6 million in seed funding from First Round Capital, Pinnacle Ventures, Sherpalo Ventures and individual investors Sanjay Jha (former Motorola CEO), David Limp (vice president of Kindle at Amazon) and Joyo Wijaya (co-founder of Tandem Ventures). The company was co-founded by Y Combinator alumni David Zhao and Russ d’Sa.

Fab’s Series C is Atomic

Technology investment firm Atomico has led Fab’s $105 million Series C financing. Also participating in the round are Pinnacle Ventures, ru-Net Technology Partners, Mayfield Fund and DoCoMo Capital, and several existing investors, including Andreessen Horowitz, Menlo Ventures, Baroda Ventures and First Round Capital. Atomico partner Geoffrey Prentice will join Fab’s board of directors. PRESS RELEASE […]

SocialVibe Promotes Tappin to CEO

Digital advertising technology company SocialVibe has appointed Todd Tappin as chief executive officer by the company’s board of directors. Tappin joined SocialVibe in June 2010 as its chief operating officer and chief financial officer. SocialVibe is based in Los Angeles, California and is backed by Norwest Venture Partners, Redpoint Ventures, Jafco Ventures and Pinnacle Ventures. […]

Aquantia Closes $21M Series E

Milipitas, Calif.-based Aquantia, which develops 10-Gigabit Ethernet connectivity products for cloud computing and large-scale data center deployments, said that it has raised $21 million in Series E financing. Existing shareholders New Enterprise Associates, Lightspeed Venture Partners, Greylock Partners, Pinnacle Ventures and Venture Tech Alliance all contributed to the round. New strategic investor LSI Corporation also contributed, the company said.

Kabam Wins $85M for Multiplayer Games

Redwood City, Calif.-based Kabam, a publisher of massively multiplayer social games, has closed on a whopping $85 million in Series D financing. Google Ventures and Pinnacle Ventures co-led the round, which included participation from Performance Equity and SK telecom ventures, as well as previous financial investors Canaan Partners, Redpoint Ventures and Intel Capital. Google Ventures Partner Joe Kraus will join Kabam’s board as a result of the round. This latest infusion brings the company’s total funding to $125 million.

Varian Sinks $15M into Augmenix, Inks Purchase Option

Publicly traded Varian Medical Systems Inc., a supplier of medical technology for treating cancer with radiotherapy, has poured $15 million into venture-backed Augmenix, sealing a minority stake and an option to buy the company. Waltham, Mass.-based Augmenix is developing hydrogel products to improve outcomes in radiation oncology. The company is backed by investors including Ascension Health Ventures, Catalyst Health Ventures, Pinnacle Ventures, and the Sparta Group.

Former eBay, Visa Execs Launch FreeMonee with $11M

A group of banking and e-commerce veterans have launched FreeMonee with $11 million from investors including Opus Capital Ventures, Redpoint Ventures, Sutter Hill Ventures, Pinnacle Ventures and Contrarian Group. FreeMonee, based in San Mateo, Calif., has developed technology enabling enables merchants to give “gifts” directly to individual credit and debit cardholders through participating financial institutions. The FreeMonee gifts act as cash incentives that function like a gift card on an individual’s debit or credit card.

Well, That was Quick: Gilt Groupe Gets $138M

NEW YORK, May 9 (Reuters) – Gilt Groupe Inc, the online shopping website known for its flash deals, raised $138 million in new funding giving it a valuation of over $1 billion, according to a source with knowledge of the deal. The company it plans to use the new money for acquisitions, new product launches, […]

Whittemore Collection Leads $20 Mln Funding Round for Cobalt Tech

Cobalt Technologies said it closed a $20 million Series D funding round led by The Whittemore Collection Ltd., the investment vehicle of Parsons & Whittemore. All of Cobalt’s current venture investors participated including Pinnacle Ventures, Malaysian Life Sciences Capital Fund, VantagePoint Capital Partners, Life Sciences Partners (LSP), @Ventures, Harris & Harris and Burrill and Co.

SocialVibe Inks $20M Round Led by Norwest

Digital advertising start-up SocialVibe has raised $20 million in new financing. Palo Alto, Calif.-based Norwest Venture Partners led the round as a new investor. Existing shareholders Redpoint Ventures, Jafco Ventures and Pinnacle Ventures also joined in the round. As a result Jeff Crowe from Norwest will join the company’s board. SocialVibe has previously raised more than $23 million across two earlier rounds.

Bob Curley Joins MMV Financial

Bob Curley has joined venture debt firm MMV Financial as a managing director and senior vice president in the firm’s Palo Alto, Calif. office. He previously was a general partner with Pinnacle Ventures.

Diapers.com Adds $20 Million

Quidsi Inc., the Montclair, N.J.-based parent company of Diapers.com, has raised $20 million in mezzanine debt funding led by Pinnacle Ventures.

The company last October raised a $30 million in Series E round led by New Enterprise Associates, with participation by return backers Accel Partners, Bessemer Venture Partners and MentorTech Ventures.

Newport Media Raises $15 Million

Newport Media Inc., a Lake Forrest, Calif.-based fabless semiconductor company supplying products to the mobile broadcast media market, has raised $15 million in Series D funding. Pinnacle Ventures led the round, and was joined by return backers Benchmark Capital, Venrock, Global Catalyst Partners, Oak Investment Partners and DAG Ventures. The company previously raised more than $66 million in venture capital since its 2005 inception.

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