AustinStartup

MyEdu, the definitive online source to increase success and save money in college, today announced $5.5 million in series B funding led by Bain Capital Ventures, the venture capital affiliate of Bain Capital, one of the largest and most respected private investment firms in the world. Bain Capital has a long history of funding successful [...]

Santé Ventures, an early-stage life science venture capital firm, announces a $2.6 million Series A investment in TVA Medical, Inc. (TVA), a medical device company developing minimally invasive therapies for End-Stage Renal Disease (ESRD). Santé formed the new company in partnership with TVA Founder, William (Billy) Cohn, MD, a cardiovascular surgeon and the Director of [...]

SpiceWorks, provider of the first and only social IT management application connecting the world’s IT pros and top technology companies, today announced it secured a $16 million Series C funding round led by Institutional Venture Partners (IVP). The round included participation from existing Spiceworks investors Austin Ventures and Shasta Ventures. A later-stage investor in rapidly-growing [...]

Boundless Network announced today it has raised $5 million in additional financing. The funds will enable the branded merchandise distributor to support its rapid growth and expand its technology platform.
The financing is from existing investors Austin Ventures and Silverton Partners. Boundless Network has raised a total of $13 million in funding to date.
“We are pleased [...]

Manuel Rosso, formerly of Dell’s desktop group and IMVU Inc., a social media startup (co-founded by guru Eric Ries) has raised $2 million from Austin Ventures, the Statesman’s Lori Hawkins reports.
The new company was incubated at AV over the last year, where Rosso served as an Entrepreneur-In-Residence.
Austin Startup can additionally confirm that Rosso has hired [...]

Black Sand Technologies, a developer of mixed-signal semiconductors, has raised $10 million in second-round funding, according to a regulatory filing. The company previously raised $8.2 million from Austin Ventures and North Bridge Venture Partners.

Stealthy Austin startup Socialware has raised $1.5M of a planned $1.7M round of financing, according to regulatory filings. Previously the company had raised $300,000 in June from G-51 Capital. With Silverton Partners Morgan Flager listed as one of the company’s board members, signs would point to Silverton as one of the sources of recent funding. [...]

Salt Lake City-based CrimeReports.com today announced a $7.2M Series B round of financing led by Austin Ventures, but also including return investor vSpring Capital. CrimeReports.com does online crime mapping, and sells their service to law enforcement agencies. Reports say that the company has expanded it’s client base 20% in the past two months.
“This commitment indicates [...]

ArthroCare today announced that it has entered into an agreement with One Equity Partners (OEP), the global private equity investment arm of JPMorgan Chase & Co., whereby OEP will purchase $75 million of newly-issued ArthroCare Series A Convertible Preferred Stock. ArthroCare intends to use the proceeds to repay the Company’s existing Credit Agreement and expects [...]

Invodo, the de facto hub for product videos, recently closed $6 million in Series B funding from Sevin Rosen and S3 Ventures. The company raised a $1.5M Series A back in February of 2008.
With the largest product video library in the world, Invodo has established itself as a leader in the ecommerce video space. The [...]