Funding roundup - week ending 04/01/11

Ronny Kerr · April 1, 2011 · Short URL:

No April Fool's jokes here, just good old funding for up and coming startups


 Apperian, provider of mobile application management solutions, closed a $9.5 million round of venture financing, with investments from North Bridge Venture Partners, Bessemer Venture Partners, Kleiner Perkins Caufield & Byers’ (KPCB) iFund, CommonAngels and LaunchCapital.

Open app marketplace Appia secured a $10 million investment from Venrock.


Bubble Motion, provider of a service that's like "Twitter with a voice," has raised $10 million in new funding led by SingTel Innov8 with participation from Singapore’s Infocomm Investments, Sequoia Capital, Palomar Ventures and NGC.

CertiVox, a new information security company, received £900,000 ($1,460,000) in Series A funding from Pentech Ventures, which led the round, and Octopus Investments, both based in the UK.

Cheapflights Media completed an investment in the travel meta-search site and its parent company Skygate International.


GameSalad, developer of a free game creation tool, raised $6.1 million in Series B funding led by Steamboat Ventures, with participation from Greycroft Partners, DFJ Mercury, DFJ Frontier and ff Asset Management.

Games2win, a Mumbai, India-based online gaming company, raised a $6 million Series B round of funding from Clearstone Venture Partners and Silicon Valley Bank (SVB India Capital Partners.

Email ad network ividence raised a $4.2 million round of financing from A Plus Financing. The new funds will be used to power ividence's international expansion and hiring efforts. raised $10 million from Austin Ventures and released its new corporate travel management product, for Business.

 LivingSocial has raised an additional $2.9 million in equity funding, according to an SEC form filed Monday by LivingSocial's parent company Hungry Machine.


Social gaming developer MegaZebra raised a multi-million-euro investment from Doughty Hanson Technology and previous backer Kizoo Technology Ventures.


Message Bus, message delivery for the next generation, completed a $3 million Series A financing with True Ventures.

Newsy, a mobile news video site, raised $1.5 million in funding from an unnamed St. Louis-based private equity firm.


OfficeDrop raised a $1 million round of angel funding led by White Owl Capita, for the company’s digital filing and scanning software.

Prolexic Technologies, an IT security provider of cloud-based cyber defense solutions, completed a $13.9 million financing led by Kennet Partners, a leading technology growth equity investor.


Qwiki, the rich media site that seeks to “forever improve the way people experience information," added another $1 million to its previous $8 million Seres A round, bringing the company's total raised to $10.5 million.

Sundrop Mobile, boosting customer loyalty for client companies, closed a $900,000 Series A funding round, led by Vocap Ventures.

Startup incubator TechStars raised $8 million in new funding for its programs in Boston, Boulder, New York, and Seattle. The new funding comes from more than fifty venture funds and over 25 individual angel investors.



Upstream Commerce, provider of a cloud-based pricing and product analytics solution for online retailers, raised $1.25 million in funding from YL Ventures,

Visible Technologies, provider of "social intelligence" solutions, secured $6 million in financing from existing investors Investor Growth Capital (IGC), Centurion Holdings, Ignition Partners, In-Q-Tel and WPP.


Online video advertising company closed $20 million in Series C financing led by Bessemer Venture Partners, with participation from existing investors Gemini Israel Funds, Redpoint Ventures and Spark Capital.

Aerohive Networks, provider of controller-less Wi-Fi and cloud-enabled networking, raised an additional Series D round of $25 million in financing.


Video ad technology company TidalTV raised more than $30 million in financing led by New Enterprise Associates with participation from Comcast Interactive Capital and Valhalla Partners.

Free website builder Wix raised $40 million in Series D funding led by Insight Venture Partners and DAG ventures, with Benchmark Capital, Bessemer Venture Partners and Mangrove Capital Partners participating.

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