Smart Destinations takes $10M for online tourist passes
Smart Destinations, a Boston company that sells discounted admission passes to tourist attractions across the country, just landed $7 million in third-round funding and $3 million in debt financing to diversify its offerings. Right now, it hawks unlimited passes usable in 15 cities. For example, its “Go San Francisco Card” grants access to Alcatraz, the AT&T Park Tour, the Exploratorium and 50 other landmarks and events at a 35 percent markdown. The site offers cards… Continue Reading
Trust Digital raises $14.5M to handle mobile business data
As more and more people move their work data onto their mobile phones, a company called Trust Digital has raised another $14.5 million to help manage that process.
The Lean, Va. company’s software simplifies the process of authenticating phones, encrypting data and more across multiple smartphones. Chief executive Nick Magliato says some of his company’s biggest customers are government and health care agencies.
Big players like Microsoft and Research in Motion have similar software for their Windows… Continue Reading
QuickBooks founder launches NetBooks, raises $9M
NetBooks, a company based north of Silicon Valley (in Rohnert Park, Calif) that wants to offer a more complete accounting and business management software than the popular Quickbooks accounting software, has raised $9 million in financing.
Of that, $6.9 million of that was in equity, coming from CMEA Ventures, Integral Capital and individuals. The funding was accompanied by $2 million in debt from Square 1 Bank.
Founder and CEO Ridgely Evers, who calls himself “the man behind… Continue Reading
ITM Software raises $4M more for CIO-focused management software
ITM Software, a Santa Clara, Calif. provider of IT business management software designed for chief information officers, said it has raised $4 million in a fourth round of funding.
The financing round was led by Red Rock Ventures and InnoCal Venture Capital, and also included Ascend Venture Group, Technology Partners, RBC Technology Ventures and Square 1 Bank, among others.
Here’s the announcement.
The company previously raised $28.5 million since 2002.
Life sciences briefing: Tuesday, Aug. 7, 2007
(UPDATED at 12:30pm PT — see below.)
Featured companies: Capnia, AutekBio, Novacta Biosystems, XLHealth, Leprechaun, Agility Healthcare Solutions, AM Pharma, Milestone Pharmaceuticals, ChanTest
Capnia names former Alza head as CEO – The tiny Palo Alto, Calif., biotech Capnia hired Ernest Mario, a storied figure in the pharma/biotech world, as its CEO. Mario was most recently chairman — and previously CEO — of Reliant Pharmaceuticals, but he’s best known for running drug giant Glaxo (now GlaxoSmithKline) and, immediately thereafter, helming Alza… Continue Reading