Telecom services
Truphone
Software Cellular Network Ltd., which does business as Truphone, has raised £16.5 million ($32.7 million) in Series B funding. The round was led by private investors, joined by existing backers Eden Ventures of Bath, England, Independent News & Media of Dublin, as well as Burda Digital Ventures and Wellington Partners, both of Munich. The mobile Internet telephony startup previously received a £12.5 million in Series A money in January 2007. London-based Truphone offers voice-over-Internet-protocol service to mass-market mobile phones. The company allows users to make free calls from their handsets to other Truphone users and provides low-priced Internet-rate calls to any telephone worldwide.
Internet
TripIt
San Francisco's TripIt has received $5.1 million in Series B financing from Sabre Holdings of Southlake, Texas, O'Reilly AlphaTech Ventures of San Francisco and Germany's European Founders Fund. The company has developed a personal travel assistant that acts as an online travel organizer and social network to help people manage their travel plans and stay in touch with fellow travelers, colleagues and family. The proceeds will be used to expand development, marketing and support of the company's technology and Web site. O'Reilly AlphaTech Ventures provided the company's initial $1 million of first round financing in 2007.
Software
Social Solutions
Baltimore-based Social Solutions Inc., a provider of performance management technology to the nonprofit sector, has recieved a $2.75 million Series A investment. The capital came from North Carolina's Research Triangle Park's IDEA Fund Partners and WWC Capital Group of Reston, Va. The company will use the investment to expand its Efforts to Outcomes Cities program that helps social service agencies coordinate their efforts and optimize their performance. The company's software provides a central platform to facilitate managment of the performance of point-of-service staff, individual agencies, and the community of services as a whole.
Medical devices
Mtm laboratories
Mtm laboratories AG of Heidelberg, Germany, has increased its Series B round to ¤31.6 million ($50 million). The first ¤22 million ($28 million) closing came in October 2006. The Series C financing was led by Switzerland's HBM BioVentures and HBM BioCapital and joined by Heidelberg Innovation Funds Management GmbH of Heidelberg, Germany, Wellington Partners of Munich, Nexus Medical Partners of Boston, Mannheim Holdings of New York, SwissFirst Bank AG of Zurich, and NTEC (National Technology Enterprises Company) of Kuwait. The proceeds will enable the company to fund the clinical development and commercialization of its CINtec and Cervatec IVD products for diagnosis and screening of cervical cancer. -- George White
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