• IT Venture Capital Investment News Round Up – 3 April 2012

    by  • April 3, 2012 • IT Venture Capital News

    Highlights from recent IT venture capital investment activity.

    26.03.2012 – Austin, TX

    Kinnser Software Announces Investment from Insight Venture Partners

    Kinnser Software announced today that it has secured Series A financing from Insight Venture Partners, a leading global technology and Internet investment firm. The $40 million investment will enable Kinnser to expand its software and organizational-development efforts to support its rapidly growing customer base. In addition, the funding will be used to accelerate the national rollout of Kinnser’s sales and marketing campaign. http://www.sacbee.com/2012/03/26/4367629/kinnser-software-announces-investment.html#storylink=cpy


    26.03.2012 – Los Angeles, CA

    ImaginAb Concludes $12.5m Series A Financing

    ImaginAb, Inc. a clinical-stage company developing in vivo imaging agents for Positron Emission Tomography (PET) based on antibody fragment technology, today announced the completion of a Series A financing – led by Novartis Venture Funds. The oversubscribed Series A round includes Merieux Developpement, Nextech Invest, Cycad Group and existing seed investor Momentum Biosciences. Novartis Venture Funds and Merieux Developpement will both appoint Directors as representatives of the Series A investors. http://www.prnewswire.com/news-releases/imaginab-concludes-125m-series-a-financing-144318055.html

    26.03.2012 – Austin, TX

    Bloomfire Secures $10 Million To Address Escalating Sales Team Productivity Problem

    Bloomfire Inc. today announced $10 million in Series A funding from Austin Ventures and Redpoint Ventures, and the launch of its social web application for team productivity. Designed to facilitate “just-in-time” learning moments that connect people with knowledge to those who need it, Bloomfire is initially targeting sales teams and the organizations that support them. http://www.bloomfire.com/about-us/in-the-news/



    Secondary Venture Round



    29.03.2012 – San Jose, CA

    ThreatMetrix Receives $18 Million In Additional Capital

    ThreatMetrix™, the fastest-growing provider of integrated cybercrime prevention solutions, announced today that it has closed a Series D round of financing. August Capital led the investment round of $18 million in capital, with existing investors Tenaya Capital, US Venture Partners and CM Capital also fully participating in the investment. As part of the financing round, Mehra joins the ThreatMetrix board of directors. The partners of August Capital have invested in leading companies such as Atheros, Microsoft, Postini, Sun, Symantec, Seagate, Skype and Splunk. http://www.prnewswire.com/news-releases/threatmetrix-secures-18-million-series-d-financing-144356915.html


    27.03.2012 – Richmond Hill, ON

    CiRBA Secures $15 Million To Fuel Growth

    CiRBA Inc., today announced it has raised $15 million in its third round of institutional funding led by Tandem Expansion Fund.  Existing investors Sigma Partners and Edgestone Capital Partners also participated in the deal. The growth round of financing follows a series of enterprise-wide sales to some of the largest financial institutions in the world. These enterprise customers helped CiRBA achieve record software bookings in 2011. http://www.cirba.com/news/press_releases/2012/CiRBA-Secures-$15Million-To-Fuel-Growth.htm



    27.03.2012 – Austin, TX
    UnboundID Receives $12.5 Million in Series B Funding from OpenView Venture Partners
    UnboundID, a leading platform provider for identity services, today announced that it has secured $12.5 million in series B funding from OpenView Venture Partners. The funds will be used to expand market penetration into new geographies and vertical markets, and to develop new products to meet existing and future customer needs. UnboundID plans to accelerate product development for its identity services platform, which enables companies to dynamically manage, protect, and share real-time customer data across cloud, mobile, and social applications. http://finance.yahoo.com/news/unboundid-receives-12-5-million-113000583.html


    First Venture Round
    29.03.2012 – London, UK

    Hailo Nabs $17 million for Cabbie-Passenger Matchmaking

    In a joint deal between its European and American funds, Accel has provided a $17 million Series A for Hailo, a maker of a London-based app that helps cab drivers and passengers find each other. Launched five months ago, the service has acquired 3200 drivers and 200,000 passengers in London, founder and CEO Jay Bregman told me. The app makes money by taking a small cut of a Hailo-enabled cab ride. Already Hailo is posting an eight figure revenue run rate. http://pandodaily.com/2012/03/29/hailo-nabs-17-million-for-cabbie-passenger-matchmaking/

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