Wednesday Deals Roundup: Red Robot, Zetta, Apsalar, Xignite
Today: a dollop of new funding deals, and a dash of older news we didn’t have time to tell you about on Monday and Tuesday.
—Red Robot Labs, the Palo Alto, CA-based maker of the mobile massively multiplayer online game Life Is Crime, has closed an $8.5 million Series A funding round with support from new investors Benchmark Capital and Shasta Ventures. Seed investors Rick Thompson and Charmath Palihapitiya also participated in the round, which brings Red Robot’s total funding to $10.5 million.
—Zetta, a cloud storage provider in Sunnyvale, CA, said it has collected $9 million in Series C financing in a round led by existing investors Foundation Capital and Sigma Partners. The company has raised $31.5 million all told.
—San Francisco-based mobile analytics startup Apsalar said on its blog that it has raised $5 million in Series A funding. Thomvest Ventures, Battery Ventures, and DN Capital led the round, which was joined by seed investors 500 Startups, Mark Goines, Morado Venture Partners, Founder’s Co-op, and Seraph Group. Thomvest managing director Don Butler has joined Apsalar’s board.
—The public/private Startup America Partnership announced at the Demo conference in Santa Clara, CA, yesterday that it has opened a section of its website where startups can apply for services, advice, and capital from 25 Startup America partners. Some of the newest partners providing services are Dell, Dun & Bradstreet, FoundersCard, oDesk, and Rapleaf. Xconomy covered the launch of the Startup America Partnership earlier this year.
—Xignite, a San Mateo, CA-based startup offering a cloud-based platform delivering financial market data, said yesterday that it has raised $10 million in Series B runding. StarVest Partners and Spring Mountain Capial partner John “Launny” Steffens led the round, which was joined by previous investors Altos Ventures, Startup Ventures, and Peter Caswell. The startup said it will use the funding to expand its marketing and sales operation and built out its technology platform.
—In M&A news, Hayward, CA-based Solta Medical (NASDAQ: SLTM), a developer of medical aesthetic procedures such as skin tightening and resurfacing, announced yesterday that it has agreed to acquire Medicis Technology Corporation division of Medicis Pharmaceutical Corporation (NASDAQ: MRX) for $15 million up front and up to $20 million in additional milestone-based payments. Medicis Technology Corporation is the maker of a “waist circumference reduction” technology called Liposonix.
—Irvine, CA-based wireless chipmaker Broadcom (NASDAQ: BRCM) said earlier this week that it will acquire Santa Clara, CA-based NetLogic Micrososystems (NASDAQ: NETL) for approximately $3.7 billion. Broadcom said NetLogic’s high-performance processors, which are mainly used to speed up wireless 3G and 4G networks, would “meaningfully extend” its product line.
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