Iris Dorbian
Tivli said Wednesday that it has raised $6.3 million in Series A financing. The lead investor was New Enterprise Associates. Felicis Ventures, Rho Ventures, CBC New Media Group of Raleigh NC, HBO, Mark Cuban’s Radical Investments and WME also participated in the round. The funding will be used for expansion in the university markets. Based at the Harvard Innovation Lab in Boston, Mass., Tivli is a provider of IP-based TV service to university students.
Movidius said Wednesday that it has closed $16 million in Series D funding. The lead investors were Atlantic Bridge, DFJ Esprit and Robert Bosch Venture Capital. Existing investors Capital E and AIB Seed Capital Fund also participated in the round. Also, Dan Dobberpuhl has been named chairman of Movidius' board. Headquartered in San Mateo, Calif., Movidius is a computational image chip maker.
Yottaa said Wednesday that it has received $16 million from Intel Capital. The funding will be used for expansion and growth. Headquartered in Boston, Mass., Yottaa is a web and mobile optimization company.
Instacart said Wednesday that it has closed $8.5 million in Series A funding. The lead investor was Sequoia Capital. Khosla Ventures, Canaan Partners, SVAngel and Paul Buchheit, creator of Gmail, also participated in the round. Also, Michael Moritz, chairman of Sequoia and former board member of Webvan, joins Instacart's board of directors. Instacart is a provider of grocery store delivery.
JumpStart, a nonprofit venture development organization, has invested $250,000 in 7signal. According to 7signal, which is also backed by North Coast Angel Fund, Ohio TechAngels and the Akron BioInvestments Fund, the funding will be used for product and staff development. Based in Akron, OH, 7signal is a provider of solutions for wireless user performance.
Groupize said Wednesday that it has raised $2 million in Series A financing. The lead investor was Golden Seeds. Launchpad Venture Group also participated in the round. Groupize is a platform for the travel industry.
The Center for Innovative Technology said Wednesday that its CIT GAP Funds has invested in CirrusWorks. No financial terms were disclosed. Based in Virginia, CirrusWorks is technology provider that builds network control platforms.
SumUp said Tuesday that BBVA Ventures, a subsidiary of BBVA Group, has made a Series B investment in the company. No financial terms were disclosed. SumUp, which is also backed by American Express and Groupon, is a mobile company based in Europe.
CrowdComputing Systems has closed $5 million in Series B financing from iNovia Capital. According to CCS, the capital will be used for team expansion and product offerings. Also, CCS recently named Adam Devine as vice president of product marketing and strategic partnerships and Joh Suh as vice president of engineering. Headquartered in New York City, CCS, which is also backed by RTP Ventures and Greycroft Partners, is an enterprise platform for the finance, retail and media sectors.
Convene has secured $10 million in financing. Tamarix Capital and Boathouse Capital, each of which contributed $5 million, were the investors. According to Convene, the financing will be used for expansion. Convene, which is also backed by Sunrise Capital Partners, is a New York City-based provider of conference centers.