VC Deals

I dodged the snowflakes and made the trek out to Sin City for this year’s Consumer Electronics Show (CES).  Although attendence is down, it’s still an insanely large audience of 130,000 attendees and 2,700 companies. CEA head Gary Shapiro reported in his keynote that industy sales were up over 5% and that 2009 will be flat […]

Xunlight Corporation, a Toledo, Ohio-based developer of silicon solar modules, has received a $7 million loan from the State of Ohio. Xunlight has received over $40 million of institutional investments from Emerald Technology Ventures, Trident Capital, NGP Energy Technology Partners, and Rabo Ventures. Press release: Xunlight Corporation, a leader in thedevelopment of flexible and lightweight […]

Lab21, a specialist diagnostic services and products healthcare company based in Cambridge, England, has closed a £2.2 million ($3.2 million) round of financing which included commitments from Nexus Medical Partners, Rowan Dartington of the UK join Merlin Biosciences and Kreos Capital. Press release Lab21, a specialist diagnostic services and products healthcare company is pleased to […]

Motion Computing, a mobile computing business based in Austin, Texas, received funding of $6 million from New Enterprise Associates (NEA), Institutional Venture Partners (IVP), G-51 Capital, and other new investors. Press release: Motion Computing®, a leader in mobile computing and wireless communications, announced today that it has received funding of $6 million from New Enterprise […]

Smart Destinations Inc., a Boston-based travel company, announced that it closed a $7 million Series C round of funding and added $3M in debt financing. The Series C Round was led by NewSpring Capital of Radnor, PA, with additional participation from existing investors. Press Release: Smart Destinations Secures $10m in Capital to Support Continued Expansion […]

(Reuters) – Palm Inc said on Monday that private equity firm Elevation Partners agreed to boost its investment in the struggling smartphone maker by $100 million, sending its shares surging 24 percent. The capital infusion comes as Palm, the maker of the Centro and Treo smartphones, gears up for the much-anticipated launch of a new […]

Austin Ventures has agreed to acquire Asset International, a financial information provider, including PLANSPONSOR, PLANADVISER, and Global Custodian publications. Deal terms were not disclosed. Press release: Austin Ventures “AV”, with $3.9 billion of capital under management, today announced the signing of definitive agreements to acquire Asset International, a global financial information provider that produces industry-leading […]

Bivio Networks, a networking systems maker, has secured $15.8 million in funding, in a round led by Silver Creek Ventures. ITOCHU Corporation, ITOCHU Techno-Solutions Corporation (CTC), and Cross Technology Partners join existing investors, including InterWest Partners, Storm Ventures, Venrock Associates and Goldman Sachs, that have reinvested in the current round. Press release: Bivio Networks, a […]

Healionics Corporation, a Redmond, Wash.-based tissue re-generation device developer, has riased $2.6 million in a Series B funding. The financing includes commitments from angel networks including Bellingham Angels, Alliance of Angels, Keiretsu, Tacoma Angel Network and Zino Society. Press release REDMOND, Wash., Dec 11, 2008 (BUSINESS WIRE) — Healionics Corporation, a provider of tissue regeneration […]

World Sports Network, a sports web site operator based in Shanghai, has raised its first round of institutional funding led by Valhalla Investments. Press Release: World Sports Network, the consumer sports website from China, has secured its first institutional round of venture funding from Valhalla Investments Inc. As part of the deal, Mark Blandford, Director […]