September 2014 – Page 12

Formation 8 tests Wellframe waters

Mobile healthcare technology company Wellframe has taken its financing this year to $10m after closing a Formation 8-backed series A round.

Victoria Robson is set to work for the bank-backed fund’s Talent Network, helping it to expand throughout the north of the UK.

The telecommunications firm has raised the cash for a new fund, according to an SEC filing made yesterday.

The venture debt provider has named Tracy Isacke where she will lead its relationships with corporate venturers.

The Softbank-backed location-based advertising marketplace has now raised more than $86m in debt and equity.

Intel led the round for the power conversion system developer, which is looking to attract more strategic partners.

Real estate marketing platform BoomTown secured $20.1m in a round partially funded by SIG’s corporate venturing subsidiary.

Google and Nokia are both exiting from the image advertising network, which had raised more than $28m, through an acquisition by Yahoo.

Bertelsmann made its second investment in the menswear brand, which has now received $20m since it was founded.

The social media management platform is also looking to launch an initial public offering in the next few months, according to a source.

The Kaiser Permanente-backed governance, risk and compliance software producer has now secured about $130m in total.

The solar steam company, which is targeting the oil and gas industry, raised the cash from a round featuring Shell’s corporate venturing fund.

Corporates from China, Korea and Taiwan are combining for a fund that will finance China-focused television and films.

The Apache Cassandra software producer has now raised $190m altogether after securing $106m in a Comcast-backed series E round.