About a week ago, we had heard that the travel startup Hipmunk was in the process of raising a new round of funding. Sure enough, an SEC document appeared, confirming the raise, and noting that they had secured $4.6 of a proposed $6 million round so far. When we reached out to Hipmunk, they confirmed the round, but declined to give more details. Well, now we have those details.
Hipmunk has… → Read More
IT virtualization infrastructure software company VM6 Software has secured a $4 million series A round of investment with RBC Venture Partners and Ignition Partners. The investors are both getting a seat on the board of directors (Rich Fade and Jean-David Begin from Ignition and RBC, respectively).
Cloudmark, a provider of messaging security solutions, has scored a massive $23 million funding round led by new investor Summit Partners and joined by Nokia Growth Partners, the mobile giant’s venture capital investing arm.
Just because you run a private company that does not have to file quarterly financial statements with the SEC does not make it okay to cook your books. The CEO and CFO of Seattle-based CRM firm Entellium found that out the hard way. They were arrested by the FBI earlier this week for inflating their revenues and then lying to their board about it. The company appears to be toast. It fired two… → Read More