Venture Funding

I Love Rewards raises $1.6 million in extended Series B funding round

I Love Rewards raises $1.6 million in extended Series B funding round

A US$1.6 million has been raised by the pioneering rewards and recognition program provider – I Love Rewards – in an extended Series B round. The funding has been secured by way of the first direct co-investment from Ontario Venture Capital Fund.

Internet stars-studded “stealth startup” 5to1 raises $4.5 million

Internet stars-studded “stealth startup” 5to1 raises $4.5 million

According to a recent SEC filing, the supposed “stealth startup” 5to1.com has raised $4.5 million – having closed a $2.2 million funding in April 2009 and another $2.3 million in June 2009. The SEC filings also say that the company has raised $2 million of a $3.2 million equity fundraising.

http://topnews.in/intel-capital-makes-43million-investment-japanese-uq-communications-2175643

Intel Capital, UQ Communications

Intel Corp's global investment organization, Intel Capital, has made a $43-million investment in the Japan-based WiMax mobile services' provider - UQ Communications. The funding will be used by UQ for persisting with its UQ WiMax service expansion endeavors countrywide, thereby attempting to fulfill its commitment of making WiMax coverage available to 90 percent of the country by 2012.

Reduction in number of venture capital companies likely over next couple of years!

National Venture Capital Association

Going by the National Venture Capital Association, the drying-up of investments will result in a substantial reduction in the number of venture capital companies - firms that steer Silicon Valley ideas towards profitability - over the next couple of years!

Pixelligent Technologies closes $2-million equity financing for nanotechnology development

Pixelligent Technologies closes $2-million equity financing for nanotechnology d

A $2 million new equity financing has been recently closed by Pixelligent Technologies LLC, the award-winning development stage nanotechnology company. The company, with the University of Maryland’s incubator building as its headquarters, intends using the new funding for boosting existing and impending development of nanotechnology applications.

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