Rave Wireless Raises $7 Million For Mobile Safety Services - Framingham, MA
Rave Wireless, the leading provider of safety applications for mobile users, has raised a fourth round of funding worth $7 million. Investors include Bain Capital Ventures, Sigma Partners and RRE Ventures. To date, the company has raised a total of $42 million, including an $18 million round last year that was led by Trilogy Equity Partners. http://www.ravewireless.com
digitalArbor Raises $5 Million in First Round of Venture Capital - Cohasset, MA
digitalArbor, a Cohasset-based provider of production services to the digital marketing and advertising industry, announced on Monday that it has raised $5 million in its first round of venture capital, which was led by Flybridge Capital Partners. The company also announced that its U.S. operations and first offshore digital production facility, located in Costa Rica, have begun to service new clients. Founded earlier this year, digitalArbor partners with agencies and corporations to help them more efficiently develop and procure strategic and creative digital marketing and advertising concepts.http://www.digitalarbor.com/us_release.php
PeerApp Raises $8 Million in Second Round - Newton, MA
PeerApp, a Newton-based provider of media caching and bandwidth arbitrage technology for ISPs, has raised $8 million in its second round of venture capital, which was led by Pilot House Ventures, Cedar Fund and Evergreen Venture Partners. Founded in 2004, PeerApp offers products that help ISPs satisfy subscriber demand. The company has additional offices and personnel located in Europe, Latin America, China, and the Pacific Rim. The company said it has deployed more than 100 of its bandwidth and media caching systems since the products introduction in 2006. http://www.peerapp.com/press-releases-item.aspx?itmID=21
Second Rotation Raises $6 Million in Second Round - Boston, MA
Second Rotation, the operator of a web-based service that purchases used electronics, has raised $6 million in its second round of venture capital, which was led by RockPort Capital Partners. Launched in July, Second rotation’s web service, called Gazelle, provides instantaneous purchase offers to sellers who input information about the condition of their used devices. When shipped and received, payment is made by Gazelle if the device matches the description provided, according to the company. The company also offers some environmentally friendly recycling services of electronic devices. http://www.gazelle.com/media
Memento Raises $12 Million in Fourth Round - Concord, MA
Memento, a Concord-based developer of software for detecting and preventing internal corporate fraud, has raised $10 million in its fourth round of venture capital, according to a report by PE Week Wire, which cited a regulatory filing. Investors in the deal include Rock Maple Ventures, Bain Capital Ventures, and .406 Ventures. Memento was founded in 2003 to develop software for fighting fraud and maintaining compliance at financial institutions. Its customers include credit unions, community banks, and larger banks across North America and Europe.http://www.mementosecurity.com/
