-What is this, 1985? Roxi Petroleum raised $24.5 million this week, reports Reuters, proving that green technology isn’t all. The oil company is based in Kazakhstan.
-Proteon Therapeutics secured $12 million in venture capital funding late last week, according to the Kansas City Business Journal. The start-up, which is working to develop a blood vessel-dilating drug, has raised more than $84 million in VC to date.
-Modumental, an advances materials company, received a new round of funding that’s estimated between $1.5 to $2 million. The business makes a material that is stronger, but lighter, than steel called “nanolaminated structures.” The company will use this new round of investment to continue its research and development.
-SeatWave, a British firm that shills secondary tickets in Europe, closed $17 million in Series D funding, according to the Washington Post. Considered one of Europe’s fastest growing digital media companies, the company has had a 2203% jump in revenues over the past two years. No wonder they’re having no trouble attracting investors…
-Social networking/software start-up Cliqset landed $1.5 million in funding from an angel this week, reports the Jacksonville Business Journal. The company says they’ll use the money to further invest in technology and to add three full-time employees. Start-ups—making jobs!
-Sugar, Inc., a women-focused blog network, roped in $16 million in venture investment, writes the San Francisco Business Times. As part of the deal, the start-up also acquired Shopflick.com, a “video-powered fashion marketplace.”
-Grab Networks announced a $12 million round of debt and equity funding this week, reports RTT News. The site provides video content that web publishers can grab. The catch is that the videos, of course, come with advertising, which is where Grab makes its bucks.
-Estech, a start-up that makes cardiac surgery devices, raised $8 million in equity financing yesterday. This investment is in addition to the $11.3 million the company raised back in September. Apparently biotech isn’t hurt by the recession…
-Cloudera, an open source software-maker, closed $6 million in second round venture funding, reports the Silicon Valley Business Journal. The round of funding was led by Greylock Partners, with Cloudera’s earlier investors, Accel Partners, joining in.
-beeTV, a company that lets users create “personal content channels,” which can then be streamed through a box, mobile phone, or Internet, raised $8 million from Italy’s largest VC firm.






















