US-based clean technology company Powerit Solutions appointed Kevin Klustner as chief executive officer (CEO) on 6 September. Klustner was previously co-founder of management consultancy firm Convergency Partners, in addition to being a published cleantech writer. Powerit closed a $5m series C funding round in March led by venture capital firm Black Coral Capital, with participation… Continue reading Powerit appoints new CEO
Month: September 2011
Nukona gets a helping hand from Citrix
US-based mobile management company Nukona closed an undisclosed amount of funding on Wednesday from US-based software corporation Citrix Systems’ Startup Accelerator program. In addition to Citrix, several unnamed angel investors were involved in the round. Nukona previously raised $250,000 in seed funding, in November and December 2010, though no firms were listed as backers on… Continue reading Nukona gets a helping hand from Citrix
800App gains power from Salesforce
China-based software-as-a-service company 800App closed its series B round on Wednesday, having raised an undisclosed amount of funding from US-based enterprise cloud computing company Salesforce.com and venture capital (VC) firm Sierra Ventures. Sierra and fellow VC firm Ivy Capital previously contributed to 800App’s series A round, which raised $17m in May 2009. The B round… Continue reading 800App gains power from Salesforce
Corporate insurers help Bloom Health to flower
The three health insurance companies will combine to help Bloom create a nationwide defined contribution system for employers.
Sailthru plots a clear course forward
US-based online content personalisation company Sailthru raised $8m in series A financing on Tuesday from investors including media and internet conglomerate AOL’s corporate venturing division, AOL Ventures. The round was led by RRE Ventures, with participation from fellow venture capital firms DFJ Gotham Ventures, Lerer Ventures, Pilot Group, Thrive Capital, and investment firm Hatteras Funds.… Continue reading Sailthru plots a clear course forward
MomentFeed wastes no time in securing cash
The firm, which tracks and analyses data by location, has raised strategic investment from Rockfish to add to its recent seed funding.
NuScriptRX has the right prescription
NuScriptRX has raised $8m of funding from a range of venture capital firms, several of which operate under the local TNInvestco program.
Aventura HQ brings home $13m
US-based software company Aventura HQ secured more than $13 of series A funding on Wednesday from backers including Siemens Venture Capital, the corporate venturing unit belonging to the Germany-based engineering conglomerate Siemens. Jointly leading the round were venture capital firms HLM Venture Partners and Excel Venture Management. Aventura HQ joins a number of healthcare companies… Continue reading Aventura HQ brings home $13m
Produced Water Absorbents gains $11m
The financing was led by Energy Ventures, a Norway-based venture investment fund, and included investment bank Harris and Harris Group and a limited partnership comprised of Ohio-based industrialists.
Ardelyx raises $30m
Alongside Amgen Ventures, which was founded in 2004, in Ardelyx’s $30m B round were venture capital firms NEA and CMEA and individual investors.
Firms wave bye to Safend
The purchase price comprises $1.1m in cash and about 5.3 million shares of Wave’s common stock valued at $2.21 each.
AppNexus eyes 2012 flotation
Brian O’Kelley, founder and chief executive of AppNexus, told newswire Bloomberg: “The financials, the revenue, the profit and the growth are all strong enough that we could be going public as soon as late next year.”
Naspers exits MXit
In 2007, South Africa-based media group Naspers had acquired 30% of MXit through its corporate venturing unit, Myiad International Holdings.
Business Insider gathers $7m
Business Insider had previously raised $7m, according to news provider TechCrunch.