50 Below Sales & Marketing has sold its retail division, which provides eCommerce Websites in the power sports, automotive tire and wheel aftermarket, medical equipment, and pool and spa industries, to ARI Network Services (OTCBB:ARIS), a company engaged in creating, marketing, and supporting technology-enabled solutions that help consumers, dealers, distributors, and manufacturers to service and sell whole goods, parts, garments, and accessories (PG&A) in power sports, outdoor power equipment, marine, and appliance markets. The $5 million cash deal was approved by a the U.S. Bankruptcy Court.
Earthmine, a specialist in 3D street-level imagery solutions, was acquire by Nokia (HLSE:NOK1V). Financial terms of the deal were not disclosed. Nokia reported that the Earthmine team will join Nokia’s Location and Commerce business division.
Denver Cyber Security, an IT security firm providing custom solutions, has been acquired by online marketing and Web development firm Denver Web Services. The cyber security component of the newly combined company will bring strength to the operations of Web development by providing protection for IT assets and other sensitive information. Terms of the deal were not disclosed.
iCircular, with publishes coupons, ads, and offers onto the mo bile sites of newspapers on phones and tablets, by Wanderful Media, a digital local discovery shopping company that digitizes print circulars. While the financial terms of the deal were not disclosed, Wanderful commented that the acquisition was less than eight figures.
Bentley Systems, a company dedicated to providing comprehensive software solutions for sustaining infrastructure, acquired EuResearch, provider of Microprotol – a leading software application for the design and analysis of pressure vessels and heat exchangers.
Penton Media acquired Farm Progress from Fairfax Media, significantly expanding its agriculture sector footprint to become one of the largest and most diversified agriculture information businesses in North America, offering live events, digital products, data, marketing services and publications. Terms were not disclosed.
Response Mine Interactive, a digital marketing agency founded on direct response principles focused holistically on driving category leading ROI for brands, announced the recent acquisitions of retirementcommunities.net and seniors.net domains. With these assets under their brand, RMI is now able to build lead generating Websites with content specifically tailored to and around attracting boomers and seniors who encompass the mature market. Terms were not disclosed.
List Innovative Solutions , which provides a software application for the design and analysis of pressure vessels and heat exchanges, Salient Federal Solutions, a provider of information technology, engineering, and intelligence analytic services. Terms were not disclosed.
Latin American real estate and jobs classifieds company Navent, raised $30 million in Series B funding from Riverwood Capital and Tiger Global Management. The company’s Websites have more than 16 million monthly unique visitors, and more than 55,000 companies use its services across the 13 countries where it operates.
Xtime, a maker of customer-service software for auto dealers, raised $23 million in funding, led by Bessemer Venture Partners, with participation from Lumia Capital and existing investors RPM Ventures and Saints Capital. Xtime has averaged 70 percent sales growth in each of the last five years, including above 30 percent in the two years at the height of the recession.
Platfora, a developer of a business intelligence and predictive analytics platform for data stored in Hadoop, raised $20 million in Series B funding led by Battery Ventures with current investors Andreessen Horowitz and Sutter Hill Ventures participating. Demand for Platfora’s technology is so high that the company has had to turn away as many as 100 companies from its beta program, which currently has about 10 participants. The new money will be used to expand sales and marketing and to continue hiring, mostly in engineering and sales. Platfora has now raised $27.2 million.
PlayHaven, which offers technology that gives app makers complete control over their in-game marketing and monetization strategies, raised $8 million in funding from GGV Capital. The startup’s HTML5-powered platform and SDK enables mobile developers to publish a variety of overlays through which they can serve rewards, virtual goods, and promotions.
Retrofit, which offers online weight loss programs designed for busy professionals, raised $8 million in Series A funding led by Draper Fisher Jurvetson. The round brings the company’s total funding to $10.7 million, with other investors including Correlation Ventures, Hyde Park Angels, New World Ventures, and I2A Fund. Retrofit sells its service direct to consumers but also through businesses, by way of annual subscriptions.
France-based LeKiosk, which offers electronic version of newspapers, magazine publications, and books through its Website, raised $7.1 million in Series B funding from private investors and French investment funds Sigma Gestion and Promelys Participations.
Real time game analytics company Swrve has closed a $6.25 million round co-led by Atlantic Bridge Partners and Intel Capital, to expand beyond games with the help of a bigger sales and marketing team. The company has spent the past two years building its technology used by mobile social gaming companies to test in real time what works with gamers and then adjust game play accordingly. Now, the company is expanding to fresh markets including social music, personal medical, and eCommerce, and is looking to triple its 30-person team in San Francisco and Dublin by 2014.
DogVacay, which operates a marketplace that matches dog owners in need of pet-care services with qualified animal caregivers, raised $6 million in new funding from Benchmark Capital. This round comes after previous funding from incubator Science, First Round Capital, Science, Baroda, Quest, and most recently Andreessen Horowitz.
With plans to grow its so-called “vulnerability intelligence platform,” IT security company Risk I/O has raised $5.25 million in Series A funding led by U.S. Venture Partners, with participation from Tugboat Ventures and Costanoa Venture Capital. The company’s SaaS platform makes it easier for security teams to identify and remediate high-risk vulnerabilities and improve their security from the ground up.
Skycure, a company that has developed a new approach to Bring Your Own Device (BYOD) by creating a mobile firewall that watches for security, raised $3 million in seed funding from Israel venture capital firm Pitango. With an estimated 65 percent of large global companies looking to implement BYOD policies by the end of this year, Skycure is operating in what is expected to be a sizeable market.
Corona Labs (fka Ansca Mobile), the makers of a cross-platform mobile app development framework, raised $2 million in Series A funding from existing investor Merus Capital and new investor Western Technology Investment. The round consists of a $0.25 million equity investment and approximately $0.75 million in venture debt. The company previously raised $1 million in Series A funding from Merus Capital in late 2009.
SocialWire, which offers tools that enable advertisers to optimize their Facebook ads experience, raised $2 million in seed funding from First Round Capital and individual investors. SocialWire differentiates itself from competitors by bridging earned media (organic social shares) and paid media (promoted newsfeed stories). It is the only ads platform that does this presently.
TenderTree, which offers an online marketplace of caregivers, raised $1.3 million in seed funding from Expansion Venture Capital, Inspiration Ventures, Deciens Capital, 500 Startups, and a number of other angel and individual investors.
U.K.-based Captive Media, a digital place-based advertising company, raised $0.7 million in funding from a group of six angels investors. The company’s technology has been designed to be installed in public washrooms, offering simple games and quizzes to visitors.
Sweden-based Burt, a SaaS-based marketing analytics firm serving digital publishers and online advertisers, raised an undisclosed amount of funding from U.K.-based investment banking firm GP Bullhound. Burt’s platform handles over 100 billion digital events per month in its cloud based platform.