Overtone raises $2.5 million to look at brand resonance
Overtone, a San Francisco-based company that keeps tabs on brand recognition and penetration, as well as customer experiences, for companies, has brought in $2.5 million of an expected $5.3 million round of equity, according to a filing with the SEC. Formerly called Island Data, the company is backed by Dolphin Equity Partners, Encinal Capital Management (now Whelan Capital Management) and ABS Ventures. It previously raised $11 million.
Medical device maker Emphasys on the auction block
Emphasys Medical, maker of a valve that diverts air to only the healthy parts of lungs in emphysema patients, has put itself up for sale after the Food and Drug Administration rejected its lead product in December. This is the second relatively recent defeat for the Redwood City, Calif.-based company, which had to withdraw its IPO filing last May. Since then, all but five of its 50 employees have been laid off.
Founded in 2000, Emphasys… Continue Reading
Active Network acquires online campsite booker ReserveAmerica
The Active Network, a network of sites targeting athletic and active-lifestyle users, announced today that it’s buying ReserveAmerica, an online service for booking campground space across the U.S., for an undisclosed amount.
It was formerly a subsidiary of IAC, a conglomerate of interactive web-based businesses (including CollegeHumor, Vimeo and eVite), which agreed to hand over 100 percent of its stock in Reserve America Holdings in exchange for 3.5 million shares of convertible preferred stock in Active…. Continue Reading
Applied Identity raises $10M for enterprise IT
Applied Identity, a San Francisco startup that improves enterprise IT security, has raised $10 million of a projected $15.3 million third round, according to Private Equity Hub, citing a regulatory filing. New investor ABS Ventures joined existing backers Bay Partners, Globespan Capital Partners, OVP Ventures and Sigma Partners.
Hanger Network gets $10M boost for coat hanger campaigning
Few are aware of the looming issue of coat hanger pollution. Yet there they are, lying in heaps, projecting up from overburdened landfills, their anonymous, identical tops crooked into a single a questioning pose: Why? Why so much hanger waste?
Coming to the rescue is Hanger Network In-Home Media, which promotes biodegradable updates of the basic design Thomas Jefferson introduced in the early days of our country. The company, which promotes and sells biodegradable hangars to… Continue Reading
ScaleMP debuts aggregate virtualization with $8M funding
A new sort of virtualization is appearing in companies like ScaleMP, which turns the conventional notion of splitting one server into multiple virtual systems on its head.
ScaleMP instead aggregates together multiple low-end systems to create a more powerful one. The technique can help with systems requiring large amounts of memory, and ScaleMP says it can actually make several single-core machines more efficient than a single multi-core machine.
The Cupertino, Calif. company is aiming its software at… Continue Reading
Active Network raises $65M for sports community site
The Active Network, a San Diego, Calif. sports community site, has raised $65 million in a fifth round of financing, according to PE Hub.
Canaan Partners led the deal, and was joined by fellow return backers like ESPN, ABS Ventures, North Bridge Venture Partners, Comdisco and Charles River Ventures. New investors included Performance Equity and Tao Venture Partners.
Active, San Diego-based online community and provider of application technology for active lifestyle/sports groups, once filed to go public… Continue Reading
CVRx, developer of hypertension-treatment devices, draws in $65M
CVRx, a Minneapolis-based developer of an implantable device for the control of high blood pressure, raised $65 million in a fourth round of funding that will support a “pivotal” clinical trial of the device. The round was led by Johnson & Johnson Development, and also included existing investors New Enterprise Associates, Thomas Weisel Healthcare Venture Partners, InterWest Partners, ABS Ventures, Frazier Healthcare Ventures and SightLine Partners. CVRx has so far raised a total of $125… Continue Reading