Highlights from recent IT venture capital investment activity
North America
05.01.2012 – Emeryville, CA
Lithium Technologies Raises $53.4 Million in Financing
Lithium Technologies, the leader in Social Customer Experience, today announced that it has completed a $53.4 million round of financing, led by prominent new investor New Enterprise Associates and including new investor SAP Ventures as well as all existing Lithium investors and several key industry advisors. The financing round will accelerate Lithium’s growth and cement its leadership position in the fast-growing market for cloud-based Social Customer Experience solutions.
04.01.2012 – Palo Alto, CA
Accellion Secures $12M Investment for Expansion from Riverwood Capital
Accellion, Inc., today announced a $12M Series 3 round of expansion funding from Riverwood Capital, a technology-focused private equity firm. The new funding follows a record year for new customer growth, revenue, profitability and positive cash generation. The company will use the investment to accelerate its rapid growth, continue to invest in the development of enterprise-grade mobile file sharing product offerings, pursue strategic partnerships, and grow the Accellion team internationally.
http://www.vcaonline.com/news/news.asp?ID=2012010402
04.01.2012 – San Francisco, CA
Do-it-yourself legal site Rocket Lawyer raises $10.8M
Just five months after raising $18.5 million, online legal services provider Rocket Lawyer has added $10.8 million in funding to its bank account, according to an SEC filing VentureBeat uncovered today.
“This is a combined Series D financing of $18.5M from August Capital, Google Ventures and Investor Growth Capital plus the $10.7 M investment from the new investor, Industry Ventures, for a total of $29.2M,” a company representative told VentureBeat in an email statement.
04.01.2012 – Skokie, IL
Eved Raises $9.5 Million to Expand and Scale Internet Marketplace for Meeting and Event Industry
Eved, the online marketplace for the meeting and event industry, today announced it has raised $9.5 million in a series B round led by New World Ventures and MK Capital. The funding will enable the Chicago area company to scale and expand its proprietary online platform, which has been adopted and championed by leaders in the meeting and event industry.
http://www.vcaonline.com/news/news.asp?ID=2012010403
Europe
02.01.2012 – Berlin, Germany
SoundCloud Raises New Funding
SoundCloud, a Berlin based provider of sound sharing platform for mobile devices, announced it has completed a new round of funding led by Kleiner Perkins, Caulfield and Byers. Previous investor GGV Capital also participated in the investment. No amount has been disclosed, but rumours reported by TechCrunch put the amount in the region of $50m.
http://soundcloud.com/press/releases/2012-01-02-soundcloud-kp.pdf
03.01.2012 – London, UK
Embroiled in the Google sponsored-post debacle, Unruly raises $25M
Unruly Media, a video promotion company, has announced that its raised $25 million in its first institutional round of funding. The round was led by Amadeus Capital Partners and Van den Ende & Deitmers, and included participation from Business Growth Fund. Additional terms of the deal were not disclosed.
http://venturebeat.com/2012/01/03/unruly-funding/
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