[Posted on February 27, 2008 - 5:54 PM]
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Panther Express
New York's Panther Express, a provider of content delivery services, has completed a $15.75 million Series B round led by Index Ventures of London. Gold Hill Capital Management LLC of Newton, Mass., and existing investor Greylock Partners of Boston also participated. Panther will use the funds for international expansion and to invest in infrastructure to support its customers. Founded in 2005, Panther is a Content Delivery Network that provides services including video and audio delivery, podcasting, ad serving, Web hosting and gaming to traditional publishers and social networking companies.
9Diamond.com
Chinese online jewelry retailer 9Diamond Jewelry Co. has received a $10 million equity investment from four investors, including Kleiner Perkins Caufield & Byers and diamond distributor Rapaport. Founded in March 2005, 9Diamond will use the capital to establish brick-and-mortar retail outlets and promotional centers in large Chinese cities including Beijing and Shanghai.
HiveLive
Boulder, Colo.-based HiveLive Inc., a maker of social networking technology, has closed a $5.6 million first round. Grotech Capital Group of Vienna, Va., jled the funding, joined by angel investors. The company has raised $7.8 million overall, including $2.2 million in angel money. Grotech general partner Joseph R. Zell will take a seat on HiveLive's board of directors. HiveLive's technology is designed to deliver an enterprise social software platform that integrates social networks with information networks for business-focused communities. The company platform can be configured to support a nearly infinite range of community activities such as concept brainstorms, product feedback, design reviews, and voting centers.
Media
TidalTV
Broadband video startup TidalTV of Baltimore has secured $15 million in funding from New Enterprise Associates of Baltimore and Valhalla Partners of Vienna, Va. The company's seed funding came from Advertising.com co-founder and current TidalTV chairman Scott Ferber. The company creates professionally produced content, branded programming for the Web.
Medical devices
Cianna Medical
Cianna Medical Inc. of Aliso Viejo, Calif., has closed its Series A round of funding with $9 million. The medical device company makes equipment to treat early-stage breast cancer, called the Savi breast brachytherapy applicator, used in administering radiation after lumpectomy surgery. It will use the capital to support further commercialization of the company's proprietary technology for breast brachytherapy. Investors in the round included BioLucent Inc. of Bedford, Mass., Fog City Fund of San Francisco, Windamere Venture Partners of La Jolla, Calif., and several private individuals. Cianna is a BioLucent spinout.
