Sittercity raises $7.5M to connect caregivers, clients
In its seventh year, Sittercity, the web site that connects clients with available caregivers, has raised a $7.5 million first round of funding to build brand recognition. Before now, the Chicago-based company has relied on seed money and revenue to grow.
The service doesn’t just help parents find babysitters. It also helps users find caregivers for pets and senior citizens — as well as tutors for kids. Sittercity also works with businesses to offer human resources… Continue Reading
Fidelis Security Systems gets $22M for network security
Fidelis Security Systems is a network security firm with a focus on extrusion prevention — in essence, stopping leads of data like credit card information, which have plagued large companies of late.
Based in Bethesda, Maryland, Fidelis was founded in 2002. However, this funding is only the second full venture round that the company has taken.
The $22 million investment was led by Tudor Ventures, and new investor Point Judith Capital also participated. Previous investors Inflection Point… Continue Reading
Vaultus Mobile Technologies gets $6M for mobile application access
Vaultus Mobile Technologies is a software startup that helps businesses create mobile versions of their existing applications, allowing their employees to keep using them over their smartphones or other devices.
The company has several pre-packaged offerings that extend apps like sales and field services software onto phones, in a secure environment. Its customers include some big names including Merrill Lynch, Wachovia and Procter & Gamble.
The $6 million funding was led by Point Judith Capital, while existing… Continue Reading
Multiply, social networking for 30-somethings, raises $16.6M
Multiply, a social network aimed at 30-somethings, has just announced additional venture funding of $16.6 million
The Boca Raton, Florida-based Multiply struggled after launching in late 2003. It was part of the early pack of social networking companies that sprung up in the wake of path-breaker Friendster. It got some initial buzz, but then MySpace, also part of the pack, blew everyone else away. Multiply has trudged forward, almost in the background.
However, it started growing quickly… Continue Reading
Video craze continues: Permission TV, YourTrumanShow, more
Online video has never been hotter, and investors are frantically searching for new deals — absurdly so.
See the piece we just wrote about prolific investor Ron Conway, who says the competition for deals is so intense, entrepreneurs are commanding the “dining room table.” Third rate venture capitalists, in desperation, are bribing entrepreneurs to take their money by giving them cash bonuses upfront.
We’re not certain which deals he was referring to specifically, but today sees more… Continue Reading
Music Nation raises $5.5M for latest music video site
Updated
Music Nation is the latest Web site focused on independent music videos. The New York company, launched in April, has just raised $5.5 million in a first round of venture capital from venture capital firm Greylock Partners and Point Judith Capital.
To generate publicity, it is launching a music video competition Jan. 29 that will give three winners — in the rock, pop and urban categories — recording contracts with Epic Records.
Co-founder Kevin Ryan… Continue Reading
Novare raises $16 million for less invasive surgery instruments
Novare Surgery has raised $16 million in a fourth round of funding to bring its RealHand instruments for “minimally invasive surgery” to market.
The Cupertino start-up said Point Judith Capital and Tudor Investment Corp. led the round of financing and were joined by existing investors Thomas J. Fogarty, Channel Medical Partners, Canaan Partners, Asset Management and new investor Deerfield Partners.
Gina Raimondo, a partner at Point Judith Capital, has been elected to Novare Surgical Systems’ board of… Continue Reading