Internet
WorkLight
Yakum, Israel-based WorkLight Inc. has closed a $12 million Series B round led by Israel's Pitango Venture Capital. Also participating were Israeli venture firm Genesis Partners and Index Ventures of Geneva, as well as angel investor Shlomo Kramer. Founded in 2006, WorkLight's technology aids in the secure use of consumer technologies as business tools to enhance employee productivity. The company's technology enables use of popular Internet tools, such as personalized home pages such as iGoogle or Netvibes; social networks; desktop widgets and gadgets, social bookmarking, RSS and other Web 2.0 platforms and services, to get things done at work. Proceeds from the round will be used to expand in North America, Europe and Asia.
Docstoc.com
Docstoc.com of Beverly Hills, Calif., has closed a $3.25 million Series B financing led by Rustic Canyon Partners of Santa Monica, Calif. (Rustic Canyon is an investor in The Deal LLC.) The company is an online community that allows users to find and share professional documents. The company has also popularized its technology to embed documents in any blog or Web site.
Pontiflex
Pontiflex Inc. of Brooklyn, N.Y., has completed a $2.5 million Series A funding. New Atlantic Ventures of Cambridge, Mass., and Greenhill SAVP of New York led the round. Pontiflex has created a lead-generation marketplace for the online advertising industry. The new capital will be used for sales and marketing and to support the company's suite of offerings designed to make online lead generation more effective and transparent.
Software
Xactly
San Jose, Calif., compensation management software maker Xactly Corp. has raised $30 million in a fourth round led by Cheyenne Ventures and Glynn Capital Management, both of Menlo Park, Calif., joined by prior investors Alloy Ventures of Palo Alto, Calif., Rembrandt Ventures and Bay Partners of Menlo Park, and Outlook Ventures of San Francisco. Xactly will use the funding to accelerate expansion in the sector. The new round brings total investment in the three-year-old company to $57 million, and Xactly CEO Chris Cabrera said the round will take the company to profitability in 2009, while leaving a healthy cushion in its balance sheet. -- Compiled by George White
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