Business need dough to survive. (Get it? “Knead” dough? Sigh. OK.)
Seriously, though, capital is important for getting companies to rise, bur once you’ve got it, the hard part comes in. A raw pile of dough does nobody any good. It has to be worked, rolled, shaped, and finally baked. When a business finally gets to that point of golden brown perfection, it is time to for entrepreneurs and their investors to say “woo hoo.”
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Fisker Automotive adds another $100M to its massive pile of dough
Fisker Automotive keeps layering (and layering, and layering) on the dough, with $100 million in new funding. That’s a pretty big stack of phyllo, if you think about it. The company’s goal is $150 million, which will go towards bringing its latest eco-friendly sports latest car to market.
With this round, total investment stands at a massive $1.2 billion in funding. Venture investors include Kleiner Perkins and New Enterprise Associates. However, a recent negative consumer report on the Fisker Karma sedan and an SEC charge against its brokerage firm Advanced Equities have raised concerns over Fisker and its potential IPO.
Mimecast grabs a whopping $62M to make cloud email management rock
Cloud email management startup Mimecast — the leading supplier of email management solutions for Microsoft Exchange and Office 365 — has raised $62.15 million in its third round of funding, the company announced today. Mimecast has attracted more than 6,000 customers worldwide by helping companies better manage email with help from the cloud.The new round of funding was led by Insight Venture Partners with participation from existing investor Dawn Capital. Including the new round, Mimecast has raised $83 million. Read more on VentureBeat.
RAMP soaks up $15M for better content digestion
RAMP is hungry and has filled its belly with $15 million in new funding. Mmmm, filling carbs. The company helps online publishers get the most out of their contentIts patented MediaCloud platform ingests audio, video, images and text and digests it with natural language processing technology. The result? Search engine optimization, enhanced advertising capabilities, and greater returns.
This is its third round of institutional financing, bringing its total capital raised to $40 million. StarVest Partners, Hearst Interactive Media, and EDBI were added to the investor roster, with existing venture firms Fairhaven Capital, Accel Partners, General Catalyst Partners, and Comcast Ventures throwing in again. Read more on VentureBeat.
Microsoft buys influence for Bing with Klout investment, partnership
Microsoft is buying a little influence for its number-two search engine. The company announced a strategic investment in Klout, along with a two-way technical partnership that brings influence-scoring technology to Bing and search data to Klout. Both companies, which have allocated resources to a joint development team, said Thursday’s announcements are just the initial start to making the connection between people, search, and influence. Terms of the investment were not disclosed. Read more on VentureBeat.
IlluminOss fixes fractures far more gracefully than clunky casts
IlluminOss Medical completed a $28 million round of venture capital financing. The company manufactures photodynamic orthopedic implants, which are used to repair bone fractures in a minimally invasive way. This investment will support development of the technology and expand its reach.
It was led by Tekla Capital Management and Life Sciences Partners, with participation from existing investors Foundation Medical Partners, Mieza Capital, and New Leaf Venture Partners. New investors SR One, Excel Venture Management, Pappas Ventures, and the Slater Technology Fund also contributed. Read the press release.