Sparkplug Inc., a Chicago-based provider of wireless business broadband services, has raised $22.5 million in second-round funding. Ignition Partners led the deal, and was joined by The Greenspun Corp., Trilogy Equity Partners, Allen & Co. and Square 1 Bank. www.sparkplug.net
vAuto, an Oakbrook Terrace, Ill.-based provider of inventory management solutions for the retail automotive industry, has raised an undisclosed amount of VC funding from Bain Capital Ventures. www.vauto.com
The Brock Group has agreed to acquire Baton Rouge, La.-based XServ Inc., in order to form a combined provider of coatings, scaffolding and insulation for U.S. industrial businesses. No financial terms were disclosed. The Brock Group is controlled by Lindsay Goldberg & Bessemer, while XServ is a portfolio company of Mezzanine Management. www.brockgroup.com www.unitedscaffold.com
El Dorado Ventures has promoted Ray Schuder from senior associate to principal. He joined the firm in 2005, and has worked on such deals as DVDPlay, Luxury Link, RipCode and TowerCloud. www.eldorado.com
Yeelion Inc., a Beijing , China-based company focused on personalized digital information, has raised $5.5 million in Series B funding, according to a regulatory filing. Shareholders include Ignition Partners, Qi Ming Venture Partners, QuiJia International and MingTech International. www.yeelion.com
Kolis Scientific Inc., a Raleigh, N.C.-based developer of an office-based procedure for the treatment of a common ophthalmic condition, has raised around $15.07 million in Series B funding. Backers include De Novo Ventures and Spray Venture Partners.
Funambol Inc., a Redwood City, Calif.-based developer of open-source mobile application servers, has secured $5.35 million of a $10 million Series B round, according to a regulatory filing. Return backers include HIG Ventures and Walden Ventues. www.funambol.com
Jazz Pharmaceuticals Inc. of Palo Alto, Calif. has completed the tranched calldown of a $250 million Series B round it first announced in early 2004. Participants included KKR, Prospect Venture Partners, Versant Ventures, Beecken Petty O'Keefe & Co., Golden Gate Capital and Thoma Cressey Equity Partners, Adams Street Partners, EGS Healthcare Capital Partners, Lehman Brothers […]
Brightcove Inc., a Cambridge, Mass.-based Internet TV company, has raised $59.5 million in Series C funding. AllianceBernstein, Brookside Capital and Maverick Capital co-led the deal, alongside fellow new backers New York Times Co. and Transcosmos. Return backers include accel Partners, Allen & Co., General Catalyst Partners, The Hearst Corp. and IAC/Interactive Corp. Morgan Stanley and […]
PostPath Inc., a Mountain View, Calif.-based maker of Linux-based email and collaboration servers, has raised $15 million in Series C funding. Jafco Ventures led the deal, and was joined by return backers investors Matrix Partners and Worldview Technology Partners. www.postpath.com