While sewers in London are clogged with fat, startups in Silicon Valley are getting fatter with venture funding.
You may have heard that a bus-sized ball-o-fat keeping some Londoners from flushing their toilets was discovered today. Yes, they’re calling it a fatberg.
So, here’s to fat wallets and not fat-filled potties (yep, we’re grossed out, too).
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Technology Opportunity Partners launches $54 million fund
Technology Opportunity Partners, previously ZF Partners LP, has raised a $54 million fund to invest in technology startups and businesses. Led by the improbably-named Steven Fingerhood, Technology Opportunity Partners typically makes a few large investments in software and technology-enabled service companies. A call to Fingerhood seeking more details on what this fund is specifically targeted at was not immediately returned. Technology Opportunity Partners last raised capital in 2011, when it raised $47 million.
Heathcare cloud company ClearDATA raises $7M
ClearDATA, a startup working in healthcare and cloud computing, has pulled together a tidy $7 million in its second round of institutional funding. ClearDATA focuses on making secure, HIPPA-, HITECH Act-, and ePHI-compliant cloud software for healthcare professionals and organizations. Its platform is designed to cut costs while improving productivity and regulatory compliance. The funding came from Excel Venture Management and Norwest Venture Partners (NVP) and will be used mostly for marketing and sales. Read the full story on VentureBeat.
UrbanBound raises $5M to save corporate employees from the stress of relocation
“Corporate relocation” isn’t a sexy word, but it’s helping UrbanBound raise $5 million. UrbanBound’s web-based platform gives employees an easy way to manage their entire relocation process, connecting them with vendors who specialize in the services they need — i.e., moving truck rentals or realtor services. The first round of funding, led by Grotech Ventures and joined by StarVest Partners, is a major vote of confidence in UrbanBound’s approach, which the company says brings much-needed innovation to the $30 billion corporate relocation market. Read the full story on VentureBeat.
Hootsuite rival Engagor raises $2.6M, opens U.S. office
Engagor has raised $2.6 million for its social media management tool and announced that it is opening an office in the U.S. The Belgian company monitors conversations on all major social networks and across millions of news sites, blogs and forums. The engine collects relevant data and presents it in real-time to help marketers stay on top of their brand’s online presence. Hummingbird Ventures led this first round for Engagor, which interestingly also cites Pepsico as a customer, as well as Volvo, McDonald’s, and IKEA. Read the full story on VentureBeat.
Sentinel Labs kills attacks right on your device with $2 million
More money goes out to the security community today. Attack protection service Sentinel Labs got $2 million to stop malware “right there on your device.” The company’s tech is aware of everything that’s happening on your computer. It can then see when the computer begins behaving weirdly, perhaps as a result of malware, and can actually stop an attack in progress.It received $2 million in funding from Granite Hill Partners today, and is based in Palo Alto, Calif. Read the full story on VentureBeat.
Just Be Friends, a social network for families, raises $650,000
Just Be Friends founder Janice Taylor believes social education is just as important as math. That’s why she created the social network for families that encourages parents and children to make friends in a safe, observed environment. The hope is that you can then take those relationships online and bring them into the real world. The company received $650,000 in funding from Southern Interior Development Initiative Trust, the National Research Council of Canada Industrial Research Assistance Program, and other private investors.