Quarterly review of the investment ecosystem in Europe - Calibre One

index 

Quarterly review of the investment ecosystem 

in Europe & North America 

Quarter One 2012 

Calibre One : International Executive Search

Calibre One 

Recent Assignments 

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Investors: Kleiner Perkins Caufield & Byers, 

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Investors: Adams Street Partners, Austin Ventures, 

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2 Calibre One : International Executive Search 

The Quarterly Transatlantic Tech Investment Review

Foreword 

Contents 

Recent Assignments 2 

Foreword 

James Brocket discusses Quarter 1 

3 

Investment Analysis 4 

Deal Highlights US 8 

Deal Highlights Europe 9 

Investments 10 

North America 10 

United Kingdom 18 

France 19 

DACH 20 

BENELUX 20 

Northern Europe 21 

Ireland 21 

Southern Europe 21 

Eastern Europe 22 

Israel 22 

Executive Moves 23 

Communications 24 

Internet 26 

Software 28 

Hardware 30 

Business Services 32 

Cleantech 34 

The Quarterly Transatlantic Tech Investment Review 

Welcome 

Established in 1999, Calibre One is a leading, 

international Executive Search firm based 

in Europe and North America. 

Calibre One specialises in building main board and senior 

management teams for Venture Capital and Private Equity backed 

software, hardware, business services, communications, cleantech 

and internet businesses. We work with investors in North America, 

Europe, Asia Pacific, Latin America, South Africa, and Israel. 

The Calibre One Index is a comprehensive review of the 

investment ecosystem in Europe and North America. The Index 

details the VC investments made in technology firms and some of 

the moves made by the people that lead those firms. Published 

in Europe and North America every January, April, July and October, 

the Calibre One Index is compiled by Calibre One – the world’s 

leading technology Executive Search firm. 

James Brocket 

Managing Partner 

– Europe 

Looking at the investment numbers for Q1 

2012 it’s clear that 2012 is off to a very slow 

start indeed. All measures are markedly down in all regions, perhaps 

most alarmingly in the US where there has been a 50% fall in the 

total capital invested compared to Q3 2011 – albeit that was a 

record quarter. 

As I write this, the news is that Facebook has acquired Instagram 

for $1bn which has predictably prompted the doom-mongers 

to fan the flames of hysteria about a new tech-bubble. Certainly 

$1bn looks to be a full valuation for a 2 year-old company with 

11 full time employees, albeit one with 27m highly-engaged users. 

Still, when it’s only around 1% of your likely valuation at IPO it puts 

it into perspective. 

Any bubble is fuelled by positive sentiment driven mainly by large 

returns, on paper and realised, for investors. The Index numbers are 

not consistent with a bubble, and this is somewhat comforting. 

While the headlines are grabbed by these landmark deals, VCs 

seem to have their feet firmly on the ground. The same could not be 

said in the last bubble. There are still a good number of deals being 

done but these seem generally smaller – the average deal size is well 

down in most major regions. 

Hopefully sentiment will continue to improve. Facebook will storm 

its IPO and there will be no more crises to deal with in the 

Eurozone. In Q2, it will be interesting to see if this is just a blip 

in the numbers – or perhaps there is a move back to some more 

early-stage VC investing. 

Calibre One : International Executive Search 

3

Investment Analysis 

Total Capital Invested ($US Millions) 

Q1 Q2 Q3 Q4 Q1 

2011 2011 2011 2011 2012 

North America 5,573 5,620 7,067 5,087 3,563 

Europe 590 1,267 819 1,029 667 

UK 115 284 232 313 242 

France 23 143 112 59 91 

DACH 59 511 58 93 143 

BENELUX 113 59 10 19 49 

N Europe 83 38 61 185 51 

Ireland 12 30 23 13 23 

S Europe 146 32 121 25 21 

E Europe - 87 122 224 18 

Israel 39 83 81 99 30 

8000 

7000 

6000 

5000 

4000 

3000 

2000 

1000 

Natalie Fink, 

Partner – USA 

Q1 2012 saw a major drop in the level of tech 

investment in the US. In fact, remarkably, 

this was also the case in most of the major 

countries we survey in the Index. 

Total Capital Invested ($US Millions) Value of Technology Investments – Analysis 

There was always going to be some normalising of the steep 

upwards trend we have seen in tech investment levels in the past 3 

years in the US. However, the scale of the drop over only two 

quarters is noteworthy. It also seems to paint a somewhat different 

picture to the reality of life here. Confidence remains high – we are 

certainly still in a very positive spiral. It just seems that there are not 

as many big deals being done for some reason. I’m looking forward 

to the Q2 2012 Index, I would not be at all surprised to see a strong 

rebound in the numbers. 

0 

Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1 

05 05 05 06 06 06 06 07 07 07 07 08 08 08 08 09 09 09 09 10 10 10 10 11 11 11 11 12 

North 

Europe (inc. Israel) 



Total number of Investments Quantity of Technology Investments – Analysis 

Total Number of Investments* 

Q1 Q2 Q3 Q4 Q1 

2011 2011 2011 2011 2012 

North America 276 349 507 369 334 

Europe 65 113 163 130 125 

UK 20 26 38 30 39 

France 6 25 24 18 19 

DACH 14 22 44 32 24 

BENELUX 4 3 6 8 7 

N Europe 9 8 17 9 9 

Ireland 1 3 4 5 6 

S Europe 4 7 11 11 7 

E Europe 1 7 6 6 6 

Israel 6 12 13 11 8 

* including undisclosed investments 

600 

500 

400 

300 

200 

100 

Isabelle Cailler 

Partner – Europe 

Q1 2012 saw the number of investments 

in tech remain at a reasonably steady level 

across all regions. This is obviously good to 

see, albeit it is disappointing that the total 

capital deployed in our market is well down. 

We are seeing a good level of activity from VC backed companies 

across the whole of Europe with clients in France and Germany 

becoming particularly active. Whilst the UK remains the most 

significant country in terms of tech VC investment, Germany 

and France are catching up – fast. It’s an exciting time to be 

in our business, especially with a focus on the entire EMEA region. 

0 


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The Quarterly Transatlantic Tech Investment Review Calibre One : International Executive Search 

5 

North 

Europe (inc. Israel)

6 

Investment Analysis 

Average Investment ($US Millions) 

Q1 Q2 Q3 Q4 Q1 

2011 2011 2011 2011 2012 

North America 21.03 17.40 16.00 15.18 11.49 

Europe 12.04 13.78 8.03 10.83 6.60 

UK 7.67 10.94 8.58 11.58 7.32 

France 3.78 6.22 5.61 3.91 4.79 

DACH 7.42 63.86 5.79 7.12 11.91 

BENELUX 28.28 19.80 3.42 6.46 8.15 

N Europe 10.32 4.74 4.66 26.42 6.33 

Ireland 12.00 14.90 5.71 3.30 3.80 

S Europe 48.82 4.63 13.49 2.27 3.03 

E Europe - 17.40 24.32 44.70 4.50 

Israel 9.75 8.25 7.35 9.88 4.97 

25 

20 

15 

10 

Victoria Jordan 

Partner – Europe 

Average Investment ($US Millions) Value of Average Investment – Analysis 

For me, this is one of the most intriguing 

categories in the Index. Q1 2012 has not 

been a vintage quarter for tech investment 

and there seems to have been a real move to 

investing in smaller companies. There has also been a lack of 

massive opportunistic investments into late-stage high-growth 

companies such as Twitter and Facebook and these obviously 

skew the numbers somewhat. 

It’s good to see that smaller deals are still being done – and the 

numbers indicate they are on the rise. In many ways these are the 

lifeblood of the ecosystem – the Facebook’s and Google’s of the 

future have got to start somewhere. 

5 


05 05 05 06 06 06 06 07 07 07 07 08 08 08 08 09 09 09 09 10 10 10 10 11 11 11 11 12 

North 

Europe (inc. Israel) 

Calibre One : International Executive Search The Quarterly Transatlantic Tech Investment Review

investments 

Quarterly review of tech investment 



7

8 

Deal Highlights US 

Name: Code42 

Sector: Software 

CEO: Matthew Dornquast 

Investors: Accel Partners, 

Split Rock Partners 

Deal Value: $52,500,000 

Name: Trion Worlds 

Sector: Software 

CEO: Lars Buttler 

Investors: Ontario Teachers’ Pension Plan, 

Bertelsmann Digital Media Investments 

Deal Value: $85,000,000 

Name: Sion Power 

Sector: CleanTech 

CEO: Dr. Dennis Mangino 

Investors: BASF 

Deal Value: $50,000,000 

Name: Recon Instruments 

Sector: Hardware 

CEO: Dan Eisenhardt 

Investors: Vanedge Capital 

Deal Value: $10,000,000 

Name: BTI Systems 

Sector: Communications, 

Hardware, Business Services 

CEO: Steve Waszak 

Investors: Bain Capital Ventures 

Deal Value: $23,000,000 

Originally launched as a software development company 

in 2001, Code 42 now develops onsite, offsite and online 

backup solutions for consumers, businesses and enterprises. 

The company first expanded into enterprise backup in 2008 

and it now has 4,000 enterprise customers. Many of those, 

including Google, now use the company’s private data 

cloud service, where the customer takes control of the 

management of the data in the cloud. This was Code42’s 

first institutional funding round. 

Trion Worlds is a developer and publisher of connected 

games. With groundbreaking server platform capabilities, 

Trion delivers high-quality, fully dynamic and massively 

social content across video game genres, gaming platforms, 

and mass-market entertainment formats. Innovative 

technology and gameplay — backed by the world's biggest 

media companies and top venture capitalists — combines 

the best of online, gaming, and traditional media to 

revolutionise the way connected games are designed, 

developed, and delivered. Trion is headquartered in 

Redwood City, California, with development and technology 

studios in California and Texas. 

Sion Power is a technology spin-off from Brookhaven 

National Laboratories and a global leader in the development 

of a new generation of high-energy, rechargeable lithium 

batteries for portable power, mobile electronics, and electric 

vehicles. Sion Power's lithium sulfur cell offers significant 

improvements in performance over current rechargeable 

batteries. The use of low cost raw materials and accepted 

battery manufacturing techniques enable this new technology 

to have a very competitive cost position. 

Recon Instruments leads the innovation of customised 

solutions for direct-to-eye communications. A multi-patent 

and patent-pending technology platform integrates Micro 

Optics Display systems with state-of-the-art sensor and 

GPS technology, providing easy access to navigation, 

communication, and performance-based information. 

Headquartered in Vancouver, Recon Instruments is 

dedicated to advancing the performance, participation 

and ethos of sport. Founded in 2006, Recon plans to 

develop software for smartphones and other peripherals 

which provides users not only performance based 

information, but communications as well. 

Founded in 2000, BTI is a Canada-based network 

infrastructure company that provides high-capacity, 

application aware services infrastructure solutions for 

metropolitan networks. With a suite of packet optical 

networking, application aware intelligence software and 

service-centric management platforms, BTI enables service 

and content providers to scale capacity and profitably to deliver 

a mix of applications, services and content to subscribers and 

businesses around the globe. More than 350 customers rely 

on BTI to monetise, accelerate and simplify service delivery. 


Deal Highlights Europe 

Name: SoundCloud 

Sector: Internet 

CEO: Alexander Ljung 

Investors: Kleiner Perkins Caufield & Byers, 

GGV Capital 

Deal Value: $50,000,000 

Name: Oktogo.ru 


CEO: Marina Kolesnik 

Investors: VTB Capital 

Deal Value: $10,000,000 

Name: The Online Backup Company 

Sector: Internet, Software 

CEO: Alexander Hagerup 

Investors: Northzone 

Deal Value: $5,100,000 

Name: Leetchi 


CEO: Céline Lazorthes 

Investors: Idinvest, 360 Capital Partners 

Deal Value: $5,500,000 

Name: Unruly Media 


CEO: Scott Button 

Investors: Amadeus Capital Partners, 

Van den Ende & Deitmers, 

Business Growth Fund 

Deal Value: $25,400,000 

SoundCloud, a startup focusing on audio-sharing in social 

media, has announced a new large round of funding as it 

continues exponential growth. Since launching in 2008 the 

German based startup has raised roughly $16 million from 

Union Square Ventures, Index Ventures and Doughty Hanson 

Technology Ventures. Recently, SoundCloud has added 

millions of new users, including four million who joined the 

service within the past 12 months. Initially aimed at providing 

better sharing options for musicians, SoundCloud has since 

expanded to podcasts, audiobooks and other audio products. 

Founded in 2010 and based in St. Petersburg, Russia, 

Oktogo.ru operates as an online travel company providing 

online hotel booking solutions. Oktogo.ru reaches 2,000 

contracted hotels and boasts the largest contracted hotel 

database in Russia and the former Soviet Republics, as well 

as the largest and most relevant hotel offering for Russian 

and foreign travellers. Services include offline payment 

methods and visa support services. 

The Online Backup Company is Norway’s largest provider 

of Online Backup and Disaster Recovery solutions to private 

and public businesses. The company was founded by two 

Norwegian entrepreneurs in 2005, their customer portfolio 

now includes approximately 4000 corporate customers. 

In 2011, OBC made it onto Deloitte’s Fast50 Norway 

and Fast500 EMEA Technology Lists of Europe’s fastest 

growing technology companies as well as securing the 

Gaselle award for the second year in a row. 

Leetchi is a group payment application which enables 

users to collect and manage money freely and securely 

for a group. Founded in November 2009, Leetchi is currently 

the French leader in social payments with plans to expand 

into the UK and Germany and launch a new B2C service. 

The company claims it has experienced 25% growth 

month-on-month with a tenfold increase in the amount of 

money handled via the platform between 2010 and 2011. 

Unruly Media’s Series A investment represents the largest 

ever for a private company in the social video space. 

Launched in 2006, Unruly uses its social video platform 

to identify the brand & content advocates that start 

conversations and to track key social metrics in order 

to deliver brand engagement. The London based firm, 

which claims a distribution network of 725m unique users, 

has trebled its revenues during each of the past three years 

to reach an annualised run rate of $50m in sales. 


9

10 

Breakdown of Investments 

Quarter One 2012 

Sector colour codes 

Communications 

Internet 

North America 

Software 

Hardware 

Business Services 

Cleantech 

Date Company Total ($US) Investors Country 

4-Jan Playerize 1,100,000 Real Ventures, Rho Ventures, Private investors Canada 

17-Jan Recon Instruments 10,000,000 Vanedge Capital, Kopin Corporation Canada 

18-Jan Vizimax 4,100,000 Yaletown Venture Partners, BDC Venture Capital, Vizimax Management Canada 

23-Jan Polar Mobile 6,000,000 Georgian Partners, Ontario Venture Capital Fund Canada 

26-Jan IGLOO Software 5,000,000 RBC Venture Partners, Ontario Emerging Technologies Fund Canada 

30-Jan Clio 6,000,000 Acton Capital Partners, Point Nine Capital Canada 

31-Jan BTI Systems 23,000,000 Bain Capital Ventures Canada 

31-Jan SeaWell Networks 5,000,000 Northwater Intellectual Property Fund, BDC Venture Capital Canada 

15-Feb FileTrek 10,000,000 Anthem Venture Partners, Telesystem, Canada 

Ontario Emerging Technologies Funds 

27-Mar CiRBA 15,000,000 Tandem Expansion Fund, Sigma Partners, Edgestone Capital Partners Canada 

29-Mar HootSuite 20,000,000 OMERS Ventures Canada 

2-Jan Coursekit 5,000,000 The Social+Capital Partnership, IA Ventures, Private investor USA 

3-Jan Klout Undisclosed Kleiner Perkins Caufield & Byers, Venrock, Institutional Venture Partners, USA 

ff Venture Capital, Private investor 

3-Jan Unwired Nation 6,500,000 Private investors USA 

4-Jan Accellion 12,000,000 Riverwood Capital USA 

4-Jan BodyShopBids 1,000,000 OCA Venture Partners, New World Ventures, Lightbank USA 

4-Jan Digital Signal 10,000,000 Novak Biddle Venture Partners, Columbia Capital, Undisclosed investors USA 

4-Jan Eved 9,500,000 New World Ventures, MK Capital, Merrick Ventures USA 

4-Jan GrabCAD 4,000,000 Matrix Partners, Atlas Venture, NextView USA 

4-Jan KnowledgeVision 2,000,000 GrandBanks Capital USA 

4-Jan Next Big Sound 6,500,000 IA Ventures, Foundry Group USA 

4-Jan Rocket Lawyer 10,800,000 Industry Ventures USA 

4-Jan Seismic Games 2,000,000 DFJ Frontier, Private investor USA 

4-Jan SoCore 3,000,000 Merrick Ventures, Illinois Innovation Accelerator Fund, Private investors USA 

4-Jan TraceVector 5,300,000 Matrix Partners, IA Ventures USA 

5-Jan Aisle50 2,600,000 August Capital, New World Ventures, Private investors USA 

5-Jan DailyWorth 2,000,000 Private investors USA 

5-Jan Lithium Technologies 53,400,000 Benchmark Capital, DAG Ventures, Emergence Capital Partners, USA 

New Enterprise Associates, SAP Ventures, Shasta Ventures, 

Tenaya Capital 

5-Jan Maxymiser 12,000,000 Investor Growth Capital, Pentech Ventures USA 

5-Jan Moontoast 6,000,000 The Martin Companies USA 

5-Jan Shareaholic 2,000,000 General Catalyst Partners, NextView Ventures, Private investors USA 

5-Jan SuVolta 17,600,000 Kleiner Perkins Caufield & Byers, August Capital, USA 

New Enterprise Associates, Northgate Capital, DAG Ventures, 

Undisclosed investors 

5-Jan ThermoEnergy 2,630,000 Undisclosed investors USA 

5-Jan Trada 9,000,000 Google Ventures, Foundry Group USA 

6-Jan Contently 2,000,000 Lightbank, Venture Capital, Consigliere Brand Capital USA 

6-Jan Krush 4,500,000 Undisclosed investors USA 

6-Jan Novogy 4,000,000 Undisclosed investors USA 

6-Jan Piazza 6,000,000 Bessemer Venture Partners, Kapor Capital, Felicis Ventures USA 

8-Jan InContext 1,500,000 Hyde Park Venture Partners USA 

9-Jan BuzzFeed 15,500,000 New Enterprise Associates, Lerer Ventures, Hearst Media, Softbank, USA 

RRE Capital 

9-Jan ClickSquared 9,000,000 Staley Capital, Flybridge, JMI Equity, ABS Ventures USA 

9-Jan MicroPower Technologies 6,500,000 Motorola Solutions Venture Capital USA 

9-Jan Neolane 27,000,000 Battery Ventures, Auriga Partners, Xange, Private investor USA 


North America 

Investments 

Month Date Company Total Total ($US) ($US) Investors Investors Country 

9-Jan Ooma 17,300,000 Draper Fisher Jurvetson, Founder’s Fund, Private investors USA 

9-Jan Thumbtack 4,500,000 Javelin Venture Partners, MHS Capital, Private investor USA 

9-Jan Trapit 6,200,000 Horizon Ventures USA 

10-Jan BridgeWave 10,300,000 Intel Capital, Morgan Creek Capital Management, USA 

Core Capital Partners, Cipio Partners 

10-Jan eMarketer 25,000,000 Stripes Group USA 

10-Jan EyeView 5,200,000 Nauta Capital, Gemini Israel Funds, Lightspeed Ventures, USA 

Innovation Endeavors 

10-Jan Tealium 1,100,000 Private investors USA 

10-Jan Thought Equity Motion 28,000,000 Investcorp Technology Partners USA 

10-Jan Verivo Software 17,000,000 Commonwealth Capital Ventures, Ascent Venture Partners, USA 

Egan-Managed Capital 

11-Jan GetGlue 12,000,000 Rho Ventures, TimeWarner, RRE Ventures, Union Square Ventures USA 

11-Jan iCIMS 35,000,000 Susquehanna Growth Equity USA 

11-Jan Payoff.com 2,000,000 Anthemis Group, Firstmark Capital, Great Oaks Venture Capital, USA 

Private investors 

11-Jan ThinkVine 8,000,000 Draper Triangle, DFJ Portage, CincyTech, Fort Washington Capital Partners USA 

12-Jan Affine 5,000,000 Crosslink, Highland Capital Partners USA 

12-Jan AppTap 4,000,000 Syncom Venture Partners, Atlantic Ventures USA 

12-Jan AQT Solar 18,700,000 Undisclosed investors USA 

12-Jan Kapost 1,500,000 CircleP, Highway 12 Ventures, High Country Venture USA 

12-Jan PlatformQ 2,400,000 Undisclosed investors USA 

12-Jan Semprius 3,000,000 Morgan Creek Capital Management, USA 

Illinois Emerging Technologies Fund, In-Q-Tel 

12-Jan Sion Power 50,000,000 BASF USA 

13-Jan Balihoo 5,000,000 OpenView Venture Partners, Highway 12 Ventures USA 

13-Jan Jumio 25,500,000 Andreessen Horowitz, TIBCO Software, Private investors USA 

13-Jan Qualvu 1,850,000 Tango, High Country Venture USA 

13-Jan WalkScore 2,000,000 Private investors USA 

17-Jan AppDynamics 20,000,000 Kleiner Perkins Caufield & Byers, Greylock Partners, USA 

Lightspeed Venture Partners 

17-Jan FedBid Undisclosed Revolution Growth Fund USA 

17-Jan Identropy 4,000,000 Milestone Venture Partners, Osage Venture Partners USA 

17-Jan Onit 4,100,000 Austin Ventures, RedHouse Associates USA 

17-Jan PivotLink 13,000,000 Trident Capital, Emergence Capital Partners, Starvest Partners, USA 

Pelion Venture Partners 

17-Jan QuorumLabs 11,000,000 Airtek Capital Group USA 

17-Jan SendGrid 21,000,000 Bessemer Venture Partners, Foundry Group, Highway 12 Ventures, USA 

SoftTechVC, 500 Startups, Bullet Time Ventures 

17-Jan Sharecare 14,000,000 Galen Partners, TomorrowVentures USA 

17-Jan WhipTail Undisclosed RRE Ventures, Ignition Partners, Spring Mountain Capital USA 

18-Jan Code42 52,500,000 Accel Partners, Split Rock Partners USA 

18-Jan Ivycorp 1,000,000 Women’s Venture Capital Fund USA 

18-Jan Nexenta Systems 21,000,000 Menlo Partners, Sierra Ventures, Razor's Edge Ventures USA 

18-Jan Plastic Jungle Undisclosed Citi Ventures USA 

18-Jan Retailigence 2,600,000 Motorola Solutions Venture Capital USA 

18-Jan ShopKeep.com 2,200,000 Tribeca Venture Partners, TTVCapital, Contour Venture Partners USA 

18-Jan SmartRecruiters 5,000,000 Mayfield Fund USA 

18-Jan Symplified 20,000,000 Ignition Partners, Allegis Capital, Granite Ventures, Quest Software USA 

18-Jan Tidemark 24,000,000 Redpoint Ventures, Greylock Partners, Andreessen Horowitz, USA 

Private investor 

18-Jan Usd 7,700,000 Khosla Ventures USA 

19-Jan Anaplan 11,400,000 Granite Ventures, Shasta Ventures USA 

19-Jan Livescribe 10,000,000 Scale Venture Partners, Translink Capital, Qualcomm, USA 

Presidio Ventures, Keating Capital, Aeris Capital 

19-Jan SeeWhy 2,250,000 Private investors, Logispring, Pentech Ventures, Scottish Enterprise USA 


11

12 

North America 


19-Jan Trion Worlds 85,000,000 Ontario Teachers Pension Plan, Bertelsmann Digital Media Investments USA 

20-Jan Kiwi Crate 5,000,000 Comcast Ventures, First Round Capital, Mayfield Fund, Felicis Ventures, USA 

Forerunner Ventures, Consigliere Brand Capital, Uj Ventures, 500 Startups 

20-Jan Rioglass Solar Undisclosed Ventizz Capital Fund USA 

22-Jan WeFi 10,000,000 Time Warner, Pitango Venture Capital, Lightspeed Ventures USA 

23-Jan Adapx 3,000,000 OVP Venture Partners, Paladin Capital, Pelion Ventures USA 

23-Jan Avalanche 11,500,000 Sequoia Capital, Bessemer Venture Partners, Thomvest Ventures, USA 

Qualcomm Ventures, Leader Ventures, Vulcan Capital 

23-Jan Finsphere 11,300,000 Vodafone Ventures, Mohr Davidow Ventures, Shasta Ventures, USA 

Frazier Technology Ventures 

23-Jan Gobbler 1,750,000 ff Venture Capital, Black Ocean Group, Private investors USA 

23-Jan Joyent 85,000,000 Weather Investment II, Telefónica Digital, El Dorado Ventures, USA 

Epic Ventures, Greycroft Partners, Intel Capital, Liberty Global 

23-Jan Mykonos Software 4,000,000 Private investors USA 

23-Jan Polyvore 14,000,000 DAG Ventures, Goldman Sachs, Vivi Nevo, Benchmark Capital, USA 

Matrix Partners 

23-Jan TRUSTe 15,000,000 Baseline Ventures, Accel Partners, DAG Ventures, Jafco Ventures USA 

24-Jan Adara Media 12,400,000 ONSET Ventures, Morgenthaler Ventures, Baseline Ventures USA 

24-Jan Bluefin Labs 12,000,000 Time Warner, SoftBank Capital, Redpoint Ventures, Lerer Ventures USA 

24-Jan CouchSurfing Undisclosed Point Nine Capital USA 

24-Jan Elance 16,000,000 Stripes Group, New Enterprise Associates, USA 

Kleiner Perkins Caufield & Byers 

24-Jan Fitbit 12,000,000 Foundry Group, True Ventures, SoftTech VC, Felicis Ventures USA 

24-Jan ModeWalk 1,800,000 Merus Capita, Undisclosed investors, Private investors USA 

24-Jan Recurly 6,000,000 BV Capital, Polaris Venture Partners, Harrison Metal Capital, USA 

FreeStyle Capital 

24-Jan Symform 2,000,000 Westfield Capital, OVP Venture Partners, Longworth Venture Partners USA 

24-Jan Talari Networks 4,500,000 Menlo Ventures, Silver Creek Ventures, Private investors USA 

25-Jan Azuki 5,100,000 Kepha Partners, Sigma Partners USA 

25-Jan BeachMint 35,000,000 Accel Partners, Goldman Sachs, New World Ventures, USA 

Millenium Technology Value Partners, NALA, NEA, Trinity Ventures, 

Scale Venture Partners 

25-Jan Endorse 4,250,000 Accel, SV Angel USA 

25-Jan Skyfire 8,000,000 Verizon Investments, Matrix Partners, Trinity Ventures, USA 

Lightspeed Venture Partners 

26-Jan Cozi 3,000,000 Undisclosed investors USA 

26-Jan HelloWallet 12,000,000 Morningstar, TD Fund USA 

26-Jan House Party 5,300,000 Acadia Woods Partners USA 

26-Jan MC10 2,000,000 Aberdare Ventures USA 

26-Jan MTPV 3,250,000 Northwater Capital Management, Applied Ventures USA 

26-Jan Verbling 1,000,000 DFJ, Learn Capital, Start Fund, Inspovation Ventures, SV Angel, USA 

Meck Investments, Ace & Company, Undisclosed investors 

26-Jan Visual Revenue 1,700,000 IA Ventures, Softbank Capital USA 

27-Jan Curebit 1,200,000 Private investors USA 

30-Jan Lookingglass Cyber Solutions 5,000,000 Alsop Louie Partners USA 

30-Jan Relume Technologies 7,000,000 Western Technology Investment, Beringea Private Equity USA 

30-Jan Solera Networks 20,000,000 Intel Capital, Allegis Capital, Signal Peak Ventures, Trident Capital USA 

31-Jan Alice.com 3,600,000 Undisclosed investors USA 

31-Jan AlienVault 8,000,000 Trident Capital, Adara Venture Partners, Neotec USA 

31-Jan Artspace.com 2,500,000 Felicis Ventures, Accelerator Ventures, Blue Equity, USA 

Metamorphic Ventures, Private investors 

31-Jan Cambrios Technologies 5,000,000 Samsung Ventures USA 

31-Jan CardSpring 10,000,000 Accel Partners, Greylock Partners, SV Angel, Morado Ventures, USA 

Felicis Ventures, Webb Investment Network 

31-Jan ChoozOn 1,270,000 Private investors USA 

31-Jan Inspirato 20,000,000 Institutional Venture Partners USA 

31-Jan Mogl 10,000,000 Sigma Partners, Austin Ventures, Avalon Ventures USA 


North America 

Investments 


31-Jan RelayFoods.com 3,100,000 Battery Ventures, Undisclosed investors USA 

31-Jan StormWind 4,000,000 GSV Capital USA 

31-Jan Sumo Logic 15,000,000 Sutter Hill Ventures, Greylock Partners, Shlomo Kramer USA 

1-Feb DNA Response 3,000,000 Benaroya Capital, iSherpa Capital, Private investors USA 

1-Feb Domo Technologies 20,000,000 Institutional Venture Partners USA 

1-Feb Jemstep 6,000,000 Private investors USA 

1-Feb Numecent 2,000,000 Undisclosed investors USA 

1-Feb PlanSource 12,000,000 Lemhi Ventures USA 

1-Feb RiseSmart 2,000,000 Norwest Venture Partners USA 

1-Feb Stretch 5,000,000 Worldview Technology Partners, Oak Investment Partners USA 

2-Feb Acumen Brands 5,000,000 Dillard's, Noro-Moseley Partners, BLH Venture Partners, USA 

Gravity Fund, Arkansas Risk Capital Matching Fund 

2-Feb Little Black Bag 2,750,000 GRP Partners, DCM, Private investors USA 

2-Feb Mosoro 1,500,000 Private investors, High Country Venture, Tang USA 

2-Feb Polatis 2,700,000 Flagship Ventures, JK&B Capital, DFJ Esprit, Encore Ventures, USA 

Alta-Berkeley Ventures, Massachusetts Technology Development Corporation, 

Prism VentureWorks, Gainesborough Investments 

2-Feb RentWiki 3,600,000 Private investors USA 

2-Feb StyleHaul 4,400,000 RezVen Partners USA 

2-Feb TiqIQ 1,700,000 Contour Venture Partners, Inovia Capital USA 

3-Feb Aria Retirement Solutions 4,000,000 Polaris Venture Partners USA 

3-Feb Leads360 15,000,000 Volition Capital, Rustic Canyon Partners USA 

6-Feb Conviva 15,000,000 Time Warner USA 

6-Feb DeviceFidelity Undisclosed Datacard Group, Dallas Venture Partners USA 

6-Feb Mobeam 1,500,000 DFJ Athena, Private investor USA 

6-Feb Nicira Networks 50,000,000 Andreessen Horowitz, Lightspeed Venture Partners, USA 

New Enterprise Associates, Private investors 

7-Feb Access Media 3 30,000,000 ORIX Venture Finance, Petra Capital Partners USA 

7-Feb Dwolla 5,000,000 Union Square Ventures, Village Ventures, Thrive Capital, USA 

Artists & Instigators, Private investor 

7-Feb Flingo 7,000,000 August Capital USA 

7-Feb Ignite Game Technologies 5,000,000 Private investors USA 

7-Feb Spoken Communications 11,500,000 Ignition Capital, Ignition Partners USA 

7-Feb Spongecell 10,000,000 Safeguard Scientifics USA 

7-Feb StreamPlanet Undisclosed Intel Capital, Turner Broadcasting, Interxion Holding USA 

7-Feb TruTouch Technologies 3,000,000 iTulip, Launchpad Venture Group, Verge Fund, Jerome Capital USA 

7-Feb Viddy 6,000,000 Battery Ventures, Qualcomm, Greycroft Ventures USA 

7-Feb WibiData 5,000,000 New Enterprise Associates, Private investors USA 

8-Feb Extole 10.000.000 Shasta Ventures, Norwest Venture Partners, USA 

Redpoint Ventures, Trident Capital 

8-Feb Innoveer Solutions 2,000,000 HarbourVest Partners, Private investor USA 

8-Feb Javelin Semiconductor 5,000,000 Sevin Rosen Funds, Silverton Partners USA 

8-Feb Paddle8 8,000,000 Founder Collective USA 

8-Feb Pivot3 23,000,000 Samsung Ventures, Focus Ventures, InterWest Partners, USA 

Lightspeed Venture Partners, Mesirow Financial, Northleaf Capital Partners, 

Silver Creek Ventures 

8-Feb Prolexic 8,000,000 Camden Partners, American Trading & Production USA 

8-Feb TasteMakerX 1,800,000 Guggenheim Partners, Baseline Ventures, True Ventures, USA 

Tekton Ventures, Undisclosed investors 

9-Feb Nivio 21,000,000 Videocon, AEC Partners USA 

9-Feb SpaceClaim 4,000,000 Private investors USA 

10-Feb Media Armor 1,500,000 Private investors USA 

10-Feb Sneakpeeq 2,670,000 Bain Capital Ventures, Metamorphic Ventures, Private investors USA 

10-Feb Stripe 18,000,000 Sequoia Capital, Undisclosed investors USA 

12-Feb Ruckus Wireless 21,700,000 Meritech Capital Partners, SingTel Innov8, Sequoia Capital, USA 

Motorola Ventures, T-Venture, Sutter Hill Ventures, WK Technology Fund, 

Investor, Firelake Capital Management, TELUS 


13

14 

North America 


13-Feb Bridgelux 25,000,000 Kaistar Lighting USA 

13-Feb Marin Software 30,000,000 Temasek, SAP Ventures, Benchmark Capital, Crosslink Capital, USA 

DAG Ventures, Triangle Peak Partners 

13-Feb Parchment 6,000,000 Salmon River Capital, Private investor, Novak Biddle Venture Partners, USA 


13-Feb Skystream Markets Undisclosed Connecticut Innovations, Ironwood Capital, Clean Energy Venture Group, USA 


13-Feb Solar Junction 19,200,000 New Enterprise Associates, Advanced Technology Ventures, USA 

Draper Fisher Jurvetson, IQE 

13-Feb Spin Transfer Technologies 36,000,000 Allied Minds, Invesco Asset Management USA 

13-Feb StopTheHacker 1,100,000 Runa Capital, Private investor USA 

13-Feb UtiliData Undisclosed Braemar Energy Ventures USA 

14-Feb Correlix Undisclosed Sequoia Capital, Blumberg Capital, Vernon & Park, Xenia Ventures USA 

14-Feb Energy Points 3,000,000 Plan B Ventures USA 

14-Feb LiveClips 1,000,000 Advantage/Ironwood Funds, Connecticut Innovations USA 

14-Feb nFluence Media 3,000,000 Voyager Capital, Alliance of Angels USA 

14-Feb SpaceCurve 2,700,000 Reed Elsevier Ventures, Divergent Ventures, Musea Ventures USA 

15-Feb Aereo 20,500,000 IAC, FirstMark Capital, First Round Capital, High Line Venture Partners, USA 

Highland Capital Partners, Private investors 

15-Feb Black Sand Technologies 10,000,000 Northbridge Venture Partners, Austin Ventures USA 

15-Feb C3Nano 6,700,000 Phoenix Venture Partners, GSR Ventures USA 

15-Feb Eccentex Corporation 7,500,000 VTB Capital USA 

16-Feb Backplane 4,500,000 Sequoia Capital, Greylock Discovery Fund, Battery Ventures, USA 

Formation 8, Advance/Newhouse Investment Partnership, 

Google Ventures, Founders Fund, Menlo Ventures, SV Angel, 

i/o Ventures, Private investors 

16-Feb CODA Automotive 21,500,000 Undisclosed investors USA 

16-Feb Compass Labs 6,000,000 New Enterprise Associates, Presidio Ventures USA 

16-Feb DN2K 1,500,000 Private investors USA 

16-Feb July Systems 15,000,000 Updata Partners, Intel Capital, WestBridge Capital USA 

16-Feb QuickPay Undisclosed Fontinalis Partners USA 

16-Feb tracx 4,400,000 Flybridge Capital Partners, Revel Partners USA 

17-Feb Nanosolar 20,000,000 Mohr Davidow Ventures, OnPoint Technologies, Aeris Capital USA 

21-Feb Fluid 24,000,000 Goldman Sachs Asset Management USA 

22-Feb Buuteeq 2,000,000 Private investors USA 

22-Feb Lumesis 2,500,000 Safeguard Scientifics, NextStage Capital, Private investor USA 

22-Feb nScaled 7,000,000 Almaz Capital, Doughty Hanson Technology Ventures, Private investors USA 

22-Feb Resonate Networks 20,000,000 Revolution Growth, Greycroft Partners, iNovia Capital USA 

22-Feb Reticker 1,500,000 Lamp Post Group USA 

22-Feb Schoology 1,000,000 Cempaka Schools USA 

22-Feb SimpleReach 1,500,000 Village Ventures, High Peaks Capital Partners USA 

22-Feb Wheelz 13,700,000 Zipcar, Fontinalis Partners USA 

23-Feb EnerVault 15,500,000 Mitsui Global Investment, Total Energy Ventures, 3M, USA 

TEL Venture Capital, Commercial Energy of California, 

Oceanshore Ventures, US Invest 

23-Feb Fanattac 1,000,000 Undisclosed investors USA 

23-Feb FirstFuel Software 10,000,000 RockPort Capital, Nth Power, Battery Ventures USA 

23-Feb GoPago Undisclosed JPMorgan Chase USA 

23-Feb Luminate 10,700,000 August Capital, CMEA Capital, Google Ventures, Shasta Ventures USA 

23-Feb Milyoni 11,000,000 Oak Investment Partners, ATA Ventures, Thomvest Ventures USA 

23-Feb Pinger 7,500,000 T-Venture, Kleiner Perkins Caulfield & Byers, DAG Ventures USA 

23-Feb RedZone Robotics 8,500,000 FourWinds Capital Management, Smithfield Trust USA 

23-Feb Skytree 1,500,000 Javelin Venture Partners USA 

24-Feb CrowdStrike 26,000,000 Warburg Pincus USA 

24-Feb Game Closure 12,000,000 Highland Capital, Greylock, Benchmark, CRV, General Catalyst USA 

24-Feb Yieldbot 4,200,000 New Atlantic Ventures, RRE Ventures, kbs+p Ventures, USA 

Common Angels, Neu Venture Capital 


North America 

Investments 


25-Feb Pinwheel 7,500,000 Redpoint Ventures USA 

27-Feb Appcelerator 16,000,000 Undisclosed investors USA 

27-Feb EmployInsight 1,000,000 Founder Collective, Launch Capital, Private investors USA 

27-Feb Luxtera 21,700,000 NEA, August Capital, Sevin Rosen Funds, Lux Capital, Tokyo Electron, USA 

Private investor 

27-Feb PeopleMatter 14,000,000 Morgenthaler Ventures, Noro-Moseley Partners, C&B Capital, USA 

Intersouth Partners, Harbert Ventures 

27-Feb Poppin 6,000,000 Shasta Ventures, First Round Capital, Undisclosed investors USA 

27-Feb ROAM Data Undisclosed Ingenico USA 

27-Feb Vaultive 10,000,000 406 Ventures, Harmony Partners, New Science Ventures USA 

27-Feb Wayin 14,000,000 US Venture Partners, TIBCO Software USA 

27-Feb Xobni 10,000,000 Undisclosed investors USA 

28-Feb Blue Cod Technologies 1,750,000 Edison Venture Fund USA 

28-Feb Duo Security 5,000,000 Google Ventures, True Ventures, Resonant Venture Partners USA 

28-Feb Ginger Software 6,300,000 Vaizra Ventures USA 

28-Feb Mersive Undisclosed Razor’s Edge Ventures, In-Q-Tel, Undisclosed investors USA 

28-Feb Meteor Entertainment 10,000,000 Benchmark Capital, FirstMark Capital USA 

28-Feb Omni Water Solutions 7,900,000 Austin Ventures, Private investors USA 

29-Feb Betterfly 1,500,000 Lightbank USA 

29-Feb Eye-Fi 20,000,000 NTT DOCOMO, Shasta Ventures, Opus Capital, TransLink Capita USA 

29-Feb iCharts 3,100,000 Regehr Capital Management Group, Private investors USA 

29-Feb Kontiki 5,100,000 MK Capital, New World Ventures, Cross Creek Capital, Hatteras Funds, USA 


29-Feb Mediamorph 8,000,000 Smedvig Capital, Motorola Mobility Ventures USA 

29-Feb Optaros 4,000,000 Undisclosed investors USA 

29-Feb Scintera Networks Undisclosed Maxim Integrated Products USA 

29-Feb SolarCity 81,000,000 Silver Lake Kraftwerk, Valor Equity Partners, DBL Investors, USA 

Shea Ventures, Private investors 

29-Feb SugarSync 15,000,000 Draper Fisher Jurvetson, Sigma Partners, USA 

Hatteras Venture Partners, Hercules Technology Growth Capital 

29-Feb Tello 2,700,000 True Ventures, Bullpen Capital USA 

29-Feb Yammer 85,000,000 DFJ Growth, Meritech Capital Partners, Capricorn Investment Group, USA 

Khosla Ventures, Charles River Ventures, Emergence Capital, 

Founders Fund, Social+Capital Partnership, US Venture Partners, 


1-Mar Adaptivity 3,000,000 Intel Capital, Intersouth Partners, Noro-Moseley Partners USA 

1-Mar Can We Studios 1,500,000 Private investors USA 

1-Mar Comet Solutions 4,000,000 Athenian Venture Partners, Sun Mountain Capital, USA 

Tri-State Growth Capital Fund, Private investors 

2-Mar Bloom.com 5,400,000 Capricorn Investment Group USA 

5-Mar Article One Partners 7,000,000 Alleghany Capital Corporation USA 

5-Mar Cloud Sherpas 20,000,000 Columbia Capital USA 

5-Mar Drilling Info 165,000,000 Insight Venture Partners, Battery Ventures, Eastern Advisors Private Fund USA 

5-Mar Nasty Gal 9,000,000 Index Ventures Growth Fund USA 

6-Mar BlogFrog 3,200,000 Grotech Ventures, Private investors USA 

6-Mar Nuvixa Undisclosed AMD Ventures USA 

6-Mar SignNow 2,000,000 Khosla Ventures USA 

7-Mar Education Elements 6,000,000 Harmony Partners, Rethink Education, Tugboat Ventures, USA 

NewSchools Venture Fund, Private investors 

7-Mar MiaSolé 55,000,000 Undisclosed investors USA 

7-Mar Wentworth Technology 1,000,000 Undisclosed investors USA 

8-Mar Aarki Undisclosed Walden Venture Capital USA 

8-Mar Clover 5,800,000 Andreessen Horowitz, Sutter Hill Ventures USA 

8-Mar Exinda 12,000,000 OpenView Venture Partners, Greenspring Associates USA 

8-Mar NationBuilder 6,250,000 Andreessen Horowitz USA 

8-Mar Oblong Industries Undisclosed Foundry Group, Morgan Stanley Alternative Investment Partners, USA 

Energy Technology Ventures 


15

16 

North America 


8-Mar SavingStar 9,000,000 DCM, Flybridge Capital Partners, First Round Capital, USA 

IA Ventures, Private investors 

8-Mar Spotflux 1,000,000 New Atlantic Ventures, Kima Ventures, Undisclosed investors USA 

8-Mar Switchfly 15,000,000 StarVest Partners, Azure Capital Partners, Canaan Partners USA 

8-Mar Triptrotting 1,000,000 Google Ventures, WI Harper Group, Private investors USA 

8-Mar WatchDox 9,000,000 Blackstone, Private investor, Gemini Israel Funds, Shasta Ventures USA 

9-Mar BrandYourself.com 1,200,000 Zelkova Ventures, Private investors USA 

9-Mar Ping4 1,100,000 Undisclosed investors USA 

9-Mar Virtustream 15,000,000 Columbia Capital, Intel Capital, Noro‐Moseley Partners, USA 

TDF, QuestMark Partners 

12-Mar Bartech Group Undisclosed Sverica International USA 

12-Mar Linestream Technologies 5,000,000 US Venture Partners, Early Stage Partners USA 

13-Mar Apperian 12,400,000 North Bridge Venture Partners, Kleiner Perkins Caufield & Byers, USA 

Bessemer Venture Partners, Common Angels 

13-Mar DataSphere 8,000,000 OVP Venture Partners, Ignition Partners USA 

13-Mar eToro 15,000,000 Spark Capital USA 

13-Mar Intematix 16,200,000 Draper Fisher Jurvetson, Crosslink Capital, Undisclosed investors USA 

13-Mar LUMEnergi 6,200,000 Braemar Energy Ventures, Noventi Ventures, Low Carbon Accelerator USA 

13-Mar Major League Gaming 11,300,000 Undisclosed investors USA 

13-Mar Tap.Me 3,200,000 Hyde Park Venture Partners, I2A Fund, Western Technology Investment, USA 

Great Oaks Venture Capital, FireStarter Fund, Hyde Park Angels 

13-Mar Vox Media 17,000,000 Undisclosed investors USA 

14-Mar Adaptive Planning 22,000,000 Norwest Venture Partners, Cardinal Venture Capital, Clairmont Capital, USA 

Monitor Ventures, ONSET Ventures 

14-Mar skedge.me 1,600,000 Undisclosed investors USA 

15-Mar 500Friends 5,900,000 Crosslink Capital, Intel Capital USA 

15-Mar Appirio 60,000,000 General Atlantic, Sequoia Capital, GGV Capital USA 

15-Mar Apptio 50,000,000 T. Rowe Price Associates, Andreessen Horowitz, Greylock Partners, USA 

Madrona Venture Group, Shasta Ventures 

15-Mar BOKU 35,000,000 New Enterprise Associates, Telefonica Digital, Andreessen Horowitz, USA 

Benchmark Capital, DAG Ventures, Index Ventures, Khosla Ventures 

15-Mar BrightEdge 12,600,000 Intel Capital, Battery Ventures, Altos Ventures, Illuminate Ventures USA 

15-Mar Koding 2,000,000 RTP Ventures, Greycroft Partners USA 

15-Mar PixyKids 3,000,000 ATA Ventures, Private investors USA 

15-Mar Placed 3,400,000 Madrona Venture Group, Private investors USA 

16-Mar DramaFever 4,500,000 MK Capital, Private investors USA 

19-Mar CityMaps 2,500,000 Private investors USA 

19-Mar ClearStory Data Undisclosed Google Ventures, Andreessen Horowitz, Khosla Ventures USA 

19-Mar gen‐E Undisclosed Solis Capital Partners USA 

19-Mar Kaptur 2,000,000 Green Hat Partners, Private investors USA 

19-Mar Slated 2,000,000 Private investors USA 

20-Mar Averail 6,000,000 Foundation Capital, Storm Ventures USA 

20-Mar FutureAdvisor Undisclosed Sequoia Capital, Private investors USA 

20-Mar PubNub 4,500,000 Relay Ventures, TiE Angels USA 

20-Mar Wantful 5,500,000 Polaris Venture Partners, Harrison Metal, Greylock Partners, USA 

Forerunner Ventures, Private investors 

21-Mar Buysight 8,000,000 ONSET Ventures, Rembrandt Venture Partners USA 

21-Mar Integrate 11,000,000 Comcast Ventures, Liberty Global, Foundry Group USA 

21-Mar PromoJam 1,200,000 Golden Seeds, Band of Angels USA 

21-Mar Red Robot Labs 5,000,000 Next Media USA 

21-Mar SilverRail Technologies 15,000,000 Canaan Partners, Sutter Hill, Accel Partners, GrandBanks Capital, USA 

Brook Ventures 

21-Mar Spigit 15,200,000 Warburg Pincus USA 

21-Mar Yummly 6,000,000 Physic Ventures, Unilever Ventures, Harrison Metal Capital, USA 

First Round Capital, Intel Capital, The Harvard Common Press, 



North America 

Investments 


22-Mar oDesk 15,000,000 T. Rowe Price Associates, Benchmark Capital, USA 

Globespan Capital Partners, Sigma Partners 

23-Mar The Honest Company 27,000,000 General Catalyst Partners, Lightspeed Venture Partners, USA 

Institutional Venture Partners 

26-Mar Bloomfire 10,000,000 Austin Ventures, Redpoint Ventures USA 

26-Mar Opscode 19,500,000 Ignition Partners, Battery Ventures, Draper Fisher Jurvetson USA 

26-Mar Tracelytics 5,200,000 Bain Capital Ventures, Google Ventures, Battery Ventures, USA 

Flybridge Capital Partners 

26-Mar ViVOtech Undisclosed Undisclosed investors USA 

27-Mar CloudLock 8,700,000 Ascent Venture Partners, Cedar Fund USA 

27-Mar DudaMobile 6,000,000 Pitango Venture Capital USA 

27-Mar Machine Zone 8,000,000 Menlo Ventures USA 

27-Mar Sojern 7,500,000 Industry Ventures, Norwest Venture Partners, Trident Capital, USA 

Focus Ventures 

27-Mar ThreatMetrix 18,000,000 August Capita, Tenaya Capital, US Venture Partners, CM Capital USA 

27-Mar UnboundID 12,500,000 OpenView Venture Partners USA 

27-Mar Vigilent 6,700,000 Accel Partners, Private investors USA 

28-Mar GraphScience 2,000,000 EchoVC Partners, Raptor Ventures USA 

28-Mar MediaPass 1,750,000 Private investors USA 

28-Mar Veracity Payment Solutions 80,000,000 Great Hill Partners USA 

29-Mar InsightsOne 4,300,000 Norwest Venture Partners, Private investors USA 

29-Mar LearnZillion 2,400,000 Community Ventures (DCCV), O’Reilly Alpha Tech Ventures, USA 

Learn Capital Venture Partners, NewSchools Venture Fund, 

Citybridge Foundation, ULU Ventures, Calvert Social Investment Fund 

29-Mar Sneakpeeq 7,500,000 FirstMark Capital, Bain Capital Ventures, Metamorphic Ventures USA 

31-Mar TrialPay 40,000,000 Greylock Partners, Visa, T. Rowe Price Associates, DAG Ventures, USA 

DFJ Growth, QuestMark Partners, Undisclosed investors 

Total capital invested (US$) 3,563,120,000 Total number of investments for the quarter 334 

(including undisclosed investments) 

Average investment (US$) 11,493,935 Total number of undisclosed investments 24 


17

18 

United Kingdom 

Date Company Total ($US) Investors 

4-Jan Unruly Media 25,579,680 Amadeus Capital Partners, Van den Ende & Deitmers, Business Growth Fund 

11-Jan Made.com 9,592,380 Level Equity, PROfounders Capital 

12-Jan StrikeAd 3,197,460 DFJ Esprit 

13-Jan Flexiant 1,598,730 Undisclosed investors 

16-Jan Brainient 1,800,000 Credo Ventures, Atlas Venture, Estag Capital, RevenueMax, Private investor, 500 Startups 

16-Jan Farfetch 18,000,000 Index Ventures, eVenture Capital Partners, Advent Venture Partners 

24-Jan Fantasy Shopper 3,357,333 Accel Partners, New Enterprise Associates 

24-Jan Love Home Swap 1,358,921 MMC Ventures 

24-Jan Performance Horizon Undisclosed Greycroft Partners, DN Capital 

26-Jan TeraView 5,500,000 New Hill Management, Full Circle Investments, YFM Equity Partners, 

Turquoise International, Undisclosed investors 

1-Feb Atego Undisclosed ETV Capital, Albion Ventures, ESO, Private investors 

1-Feb Stylistpick 11,191,110 Fidelity Growth Partners Europe, Index Ventures, Accel Partners 

1-Feb Videoplaza 12,000,000 Qualcomm Ventures, Innovacom, Creandum, Northzone 

2-Feb eoSemi 2,398,095 NESTA Investments, Capital-E, EV 

3-Feb ScraperWiki 1,598,730 North West Fund 

7-Feb GoCardless 1,500,000 Accel Partners, Passion Capital, SV Angel, Start Fun, Ycombinator 

8-Feb Lineup Systems 4,796,190 NVM Private Equity 

9-Feb Artesian Solutions 3,197,460 Octopus Investments 

9-Feb GCI Telecom Group 15,987,300 Business Growth Fund 

13-Feb SecretSales 10,071,999 Doughty Hanson Technology Ventures, Pentech Ventures, Partech 

14-Feb The Arena Group 26,379,045 MML Capital Partners, Sports Investment Partners 

17-Feb eSellerPro 1,598,730 Notion Capital 

7-Mar Surrey NanoSystems 7,194,285 New Wave Ventures, Parkwalk Advisors, Octopus Ventures, IP Group, 

University of Surrey 

8-Mar Songkick 10,000,000 Sequoia Capital 

12-Mar Seren Photonics 2,877,714 I2BF Global Ventures, IP Group, Fusion IP 

13-Mar Gradwell 1,838,540 Altitude Partners 

13-Mar The Currency Cloud 4,000,000 Atlas Venture, Anthemis Group 

14-Mar Azullo Undisclosed North West Fund, Private investors 

15-Mar Brandwatch 6,000,000 Nauta Capital, Gorkana Group 

19-Mar Comply Serve Undisclosed Midven, Catapult Venture Managers, Chord Capital 

19-Mar KnowledgeMill 2,398,095 YFM Equity Partners, MMC Ventures 

19-Mar PeerIndex 3,000,000 Anthemis Group, Antrak Capital, Private investors 

20-Mar myThings 15,000,000 Iris Capital, Orange-Publicis Venture Fund, Accel Partners, 

Carmel Ventures, T-Venture 

21-Mar Gear4music.com 5,435,682 Key Capital Partners 

21-Mar PlayJam Undisclosed London Venture Partners 

22-Mar Audley Travel Undisclosed Equistone Partners Europe 

22-Mar Plumbee 4,476,444 Idinvest Partners 

27-Mar Dog Digital 1,598,730 Panoramic Growth Equity 

29-Mar Hailo 17,000,000 Accel Partners, Atomico Ventures, Wellington Partners 

Total capital invested (US$) 241,522,652 Total number of investments for the quarter 39 




France 

Month Date Company Total Total ($US) ($US) Investors Investors 

Investments 

9-Jan Neolane 27,000,000 Auriga Partners, Xange, Gilles Queru, Battery Ventures 

12-Jan Kwaga 1,550,000 Undisclosed investor 

12-Jan Weezevent 1,333,780 A Plus Finance 

16-Jan Aselta Nanographics 3,534,517 A Plus Finance, CEA Investissement 

16-Jan iMusic-School 2,534,182 Viveris Seventure Partners 

16-Jan JobInTree 2,400,804 Alven Capital, Workopolis 

17-Jan BlablaCar 10,000,000 Accel Partners, ISAI, Cabiedes & Partners 

18-Jan Visiware 6,668,900 Crédit Agricole Private Equity, Entrepreneur Venture 

1-Feb Scanbucks 1,600,536 Partech International, Business Angels 

15-Feb Pearltrees 6,668,900 Accueil 

20-Feb Devialet 1,600,536 Undisclosed investors 

23-Feb Electric Car 1,200,402 Avenport Investment, Frappa, Euroainvest, Gestion Foncière 

1-Mar Leetchi 5,500,000 Idinvest, 360 Capital Partners 

6-Mar Commerce Guys 5,000,000 Alven Capital, Open Ocean Capital, ISAI 

20-Mar Mobiles Republic 3,000,000 Xange, Creathor Ventures 

23-Mar ASK 6,268,766 CDC Innovation, Undisclosed investors 

26-Mar Simple IT 1,600,536 Alven Capital 

27-Mar Novapost 2,000,670 Alven Capital, Kernel Investissements, FA Dièse, Private investors 

28-Mar Capptain 1,500,000 Runa Capital 





19

20 

Germany/Austria/Switzerland (DACH) 


2-Jan SoundCloud 50,000,000 Kleiner Perkins Caufield & Byers, GGV Capital Germany 

4-Jan Hitmeister Undisclosed Tiger Global Germany 

10-Jan nfon 5,335,120 BayernLB Capital Partner Germany 

11-Jan 9flats Undisclosed T-Venture, Redpoint Ventures, eVenture Capital Partners Germany 

13-Jan Zapitano 2,267,426 Media Ventures, Investment Bank Berlin Germany 

23-Jan myTaxi 13,000,000 Daimler, T-Venture, KfW Bankengruppe, Private investor Germany 

25-Jan Abakus Solar 13,337,800 Crédit Agricole Private Equity Germany 

26-Jan clipkit Undisclosed T-Venture, IBB Germany 

1-Feb Flaregames 8,002,680 Accel Partners Germany 

3-Feb Zalando Undisclosed DST Global Germany 

4-Feb crossvertise Undisclosed High-Tech Gründerfonds, BambooVentures Germany 

13-Feb Shape Services 10,000,000 Finam Capital Germany 

16-Feb 360T Undisclosed Summit Partners Germany 

22-Feb ResearchGate Undisclosed Founders Fund partner, Benchmark Capital, Accel Partners, Germany 


23-Feb Couchfunk Undisclosed TGFS Germany 

27-Feb windeln.de Undisclosed Acton Capital Partners, DN Capital, High-Tech Gründerfonds Germany 

1-Mar YourFirm.de Undisclosed Stellenanzeigen.de Germany 

1-Mar ZooRoyal Undisclosed DuMont Venture Germany 

5-Mar Geo-En 5,335,120 eCapital, IBB Germany 

19-Mar Torqeedo 7,469,168 Robert Bosch Venture Capital, WHEB Partners Germany 

22-Mar Bonusbox Undisclosed Wellington Partners, Grey Corp, Private investors Germany 

8-Feb Uepaa 1,660,575 Cantonal Bank of Zurich, Private investors Switzerland 

9-Feb Nivio 21,000,000 Videocon, AEC Partners Switzerland 

14-Mar NEXThink 5,500,000 Auriga Partners, Venture Incubator, Mannai Corporation Switzerland 




Belgium/Netherlands/Luxembourg (BENELUX) 


29-Feb Amplidata 8,000,000 Big Bang Ventures, Endeavour Vision, Intel Capital, Swisscom Belgium 

8-Mar GreenWatt 8,002,680 Gimv-Agri+, Innogy Venture Capital, Energie Brabant Wallon, 

Nivelinvest, Vives, Undisclosed investors 

Belgium 

21-Mar NovoPolymers 7,202,412 Gimv, Capricorn Cleantech Fund, SFPI-FPIM Belgium 

10-Jan Takeaway.com 17,339,140 Prime Ventures Netherlands 

8-Feb BoosterMedia 2,334,115 Truffle Capital, Solid Ventures Netherlands 

21-Feb Voltea 6,002,010 Pentair, Rabo Ventures, Unilever Ventures, Private investors Netherlands 

14-Mar Eyefreight Undisclosed Global Cleantech Capital Netherlands 





Northern Europe 


19-Jan Hammerkit 1,667,225 North West Fund, Veraventure, Tekes Finland 

2-Jan The Online Backup 5,201,742 Northzone Norway 

Company 

26-Feb Boost Communications 4,401,474 Investinor, TeleVenture Management Norway 

2-Mar ForgeRock 7,000,000 Accel Partners Norway 

18-Jan Wrapp 5,000,000 Greylock Partners, Atomico, Creandum Sweden 

25-Jan Footway 4,219,880 Industrifonden, eEquity, Private investors Sweden 

15-Feb Flattr 2,134,048 Passion Capital, Private investor Sweden 

17-Feb Qubulus Undisclosed Private investor, Innovationsbron, Jayway, Reteam Sweden 

16-Mar Tobii 21,000,000 Intel Sweden 




Ireland 


23-Jan Rainmaker 2,000,670 Ulster Bank Diageo Venture Fund 

20-Feb Ammado 9,336,460 Saffelburg Investments, Private investor 

22-Feb Nines Photovoltaics 1,000,335 Simple.ie, Enterprise Ireland, Private investors 

22-Feb Polecat 1,133,713 AIB Seed Capital Fund, Enterprise Ireland, Private investors 

8-Mar Enverian 1,333,780 AIB Seed Capital Fund, Enterprise Ireland, Private investors 

28-Mar DecaWave 8,002,680 Undisclosed investors 




Southern Europe 

Investments 


9-Feb Docebo 3,201,072 Principia II Italy 

15-Feb Neodata 3,334,450 Principia SGR Italy 

14-Mar 6sicuro.it 3,201,072 Principia SGR Italy 

18-Jan Whisbi 2,667,560 Active Venture Partners Spain 

27-Jan vLex 5,335,120 La Caixa, Avanza Plan, ENISA Spain 

31-Jan Zyncro 2,134,048 Active Venture Partners, Caixa Capital TiC, Cabiedes & Partners, 

Perennius, Aniol, XMS, Nordhold 

Spain 

28-Mar NicePeopleAtWork 1,333,780 Axon Capital Spain 





21

22 

Eastern Europe 


7-Feb Fits.me 2,000,670 Entrepreneurs Fund Estonia 

3-Jan Tequila Mobile 1,700,000 Private investors Poland 

25-Jan Ostrovok.ru Undisclosed Private investors Russia 

7-Feb Heverest.ru 4,300,000 eVenture Capital Partners, Undisclosed investors Russia 

9-Feb Oktogo.ru 10,000,000 VTB Capital Russia 

1-Mar Teamo.ru Undisclosed UMJ Russia Fund Russia 




Israel 


10-Jan Soho OS 8,000,000 Morgenthaler Ventures, Mangrove Capital Partners, Kima Ventures, The Time 

25-Jan Onavo 10,000,000 Horizons Ventures, Motorola Mobility Ventures, Sequoia Capital, Magma Venture Partners 

30-Jan NowForce 4,000,000 Indigo Strategic Partners, Winnovation 

30-Jan Covertix Undisclosed Comsec Innovation 

1-Feb Bday 2,000,000 Tel-Ad Electronics 

13-Feb Pops 1,500,000 Mangrove Capital Partners 

21-Mar CTERA Networks Undisclosed Venrock, Benchmark Capital, Cisco 

27-Mar StartApp 4,300,000 Ascent Venture Partners, Cedar Fund 





Investment 

Summary 

executive 

moves 

Quarterly review of executive moves 



23

24 

Communications 

Chairman 

Company Headline Sector Story Location 

MRV Appointment of new Telecommunications MRV Communications, a provider of optical USA 

Communications MRV Chairman communications network equipment and services, 

announced that the Company has appointed 

Kenneth Traub as Chairman. 

CEO 


RIM RIM names Heins as CEO Mobile BlackBerry maker RIM has announced Thorsten Heins Canada 

Communication as President and CEO. Mr. Heins was also appointed 

Devices to RIM’s Board. 

Fonality Fonality appoints David Scult Cloud-based VoIP Fonality announced David Scult has been named as USA 

as CEO the company's next CEO. Scult will be responsible 

for overseeing day-to-day-operations, as well as the 

strategic direction of Fonality's product development 

and sales functions. 

COO 


SMC Networks SMC Networks names LAN Hardware SMC Networks announced that Joseph L. Wytanis USA 

Wytanis COO & Connectivity has been named EVP and COO. Wytanis will report 

to Alex Kim, CEO of SMC Networks. 


CTO 


Leap Wireless Leap appoints Strickland Wireless & Leap Wireless, a provider of value-driven wireless USA 

EVP & CTO Telecom Services communications services, announced the appointment 

of Robert A. Strickland as EVP/CTO. 

netTALK netTALK appoints Telephony netTALK announced the appointment of Garry Paxinos USA 

Garry Paxinos CTO Systems Provider to the position of CTO. 

Voice Assist Voice Assist names Dean Phone based Voice Assist announced that it has named Dean Weber USA 

Weber as CTO Speech Technology to the newly created position of CTO. 

Toplink Mark Hamer new CTO Network-based Mark Hamer has been named as the new CTO of the Germany 

of Toplink Solutions nationwide communications service provider Toplink. 

CMO 


LiveOps LiveOps names Telecommunications LiveOps have announced that Ann Sung Ruckstuhl USA 

Ann Ruckstuhl CMO will join the Executive Team as SVP and CMO. Ruckstuhl 

will be responsible for driving all facets of LiveOps' 

global marketing strategy and operations. 

CFO 


CommScope CommScope’s Leonhardt Network Solutions CommScope has named Mark Olson CFO. He replaces USA 

to retire Jearld Leonhardt, founder and top Financial Executive, 

who stepped down from his current and long-standing 

position as he transitions to a planned retirement. 

Five9 Five9 announces appointment Cloud-based Five9, provider of cloud-based call center software, USA 

of new CFO Software announced that Barry Zwarenstein has joined the 

company as CFO. 

LightSquared LightSquared names Wireless Networks LightSquared, the wholesale carrier building a nationwide USA 

Marc Montagner CFO wireless broadband network, announced the 

appointment of telecommunications veteran Marc 

Montagner as CFO. 


Calibre One : International Executive Search 25

26 

Internet 

Chairman 


Just-Eat Just-Eat appoints Online Takeaway Just-Eat, the world’s largest online takeaway UK 

new Chairman ordering service, has appointed John Hughes 

as its new Chairman. 

CEO 


Oversee.net Oversee.net appoints Online Oversee.net, which operates one of the largest internet USA 

Debra Domeyer CEO Performance traffic monetization networks in the world, has appointed 

Marketing Debra Domeyer as CEO. 

Virtual Piggy Virtual Piggy names Founder Youth E-commerce Virtual Piggy, an innovator in safe-online youth USA 

and Chairman as CEO purchasing, announced the appointment of Founder 

and Chairman Dr. Jo Webber as the company’s CEO. 

XAP Peter B. Knepper has been Internet XAP Corporation announced Peter B. Knepper USA 

appointed CEO has been appointed CEO, he will assume responsibility 

for the day-to-day functions and strategic growth 

of the company. 

Yahoo Yahoo finds new CEO at PayPal Internet Yahoo hired top eBay Executive Scott Thompson USA 

as its new CEO. 

COO 


ChaCha ChaCha hires COO Consumer Internet ChaCha, the real-time Q&A service, announced Michael USA 

Zammuto as the company’s newly appointed COO. 

Intel Intel names COO Global Technology The company has promoted Brian Krzanich to COO. USA 

Provider Krzanich had previously been a SVP in charge of Intel’s 

worldwide manufacturing. 

Mocavo Mocavo expands leadership Genealogy Mocavo, the world’s largest free genealogy search USA 

team with industry veterans Search Engine engine, announced the appointment of Ryan Hunter 

as COO. 

NameMedia NameMedia promotes Digital Real Estate NameMedia announced the promotion of Jason Miner USA 

Jason Miner to COO Marketplace to COO. 

TechTarget TechTarget announces Integrated Media The company announced Michael Cotoia has been USA 

Executive Management changes for Tech Companies promoted from EVP to COO. 


CTO 


comiXology comiXology appoints Digital Comics comiXology, the digital comics platform, has appointed USA 

Marc Goldberg as CTO Platform Marc Goldberg to its Management Team as CTO. 

Goldberg comes to comiXology from EPIX. 

CMO 


Clustrix Clustrix announces NewSQL Database Clustrix announced that Mark Sarbiewski has joined the USA 

Mark Sarbiewski as CMO Appliance Provider company as CMO. Sarbiewski joined Clustrix from HP, 

where he was VP of Product Marketing for HP Software. 

Gilt Groupe Gilt Groupe appoints Online Shopping Gilt Groupe, the online shopping destination, announced USA 

Elizabeth Francis as CMO that Elizabeth Francis has been named CMO. 

Jagex Jagex appoints David Solari Online Games Jagex Games Studio, the games developer UK 

as CMO Developer and publisher, announced that David Solari 

has joined the online company as the CMO. 

CFO 


Saba Saba appoints Cloud Saba, the premier people cloud provider, announced USA 

Elaine Kitagawa CFO the appointment of Elaine Kitagawa as CFO, she will 

assume responsibility for global finance and operations. 



Software 

Chairman 


appRenaissance Bob Moul joins appRenaissance Mobile appRenaissance, the provider of mobile applications USA 

as Chairman and CEO Applications and infrastructure, announced that Bob Moul has been 

elected Chairman and CEO. 

BluePhoenix BluePhoenix Solutions appoints IT Modernization BluePhoenix Solutions, a provider of value-driven USA 

Solutions new Chairman of the Board Solutions legacy IT modernization solutions, announced that 

Mel Keating has been appointed as Chairman. 

GraphOn Steven Ledger named Cloud Delivery GraphOn Corporation, announced it has named Steven USA 

Corporation Chairman of the Board Ledger as Chairman. 

Aria Networks Aria Networks appoints Networking Aria Networks, a networking software developer UK 

Telecoms Industry Expert Software and consultancy, announced that John Cronin has been 

John Cronin as new Chairman appointed as the company’s new Chairman of the Board. 

Flexiant Flexiant appoints new Chairman Cloud Automation Flexiant appointed John Pocock as Chairman. Pocock UK 

Software has a strong background in the IT and financial services 

industries and a track record of building and managing 

successful businesses. 

CEO 


Admeris Admeris Mobile names Electronic Payment Admeris announced Brian Bogosian has been named Canada 

Brian Bogosian new CEO Processing Services as President and CEO of the mobile payments company. 

ActivePath ActivePath appoints 2Way Email ActivePath, inventor of a unique, actionable and secure USA 

Jeff Kupietzky as CEO Banking Systems email platform announced the appointment of Jeffrey 

S. Kupietzky as CEO. 

AlienVault AlienVault appoints Barmak Unified Security AlienVault, creator of OSSIM, the Security Information USA 

Meftah as President and CEO Management and Event Management solution, announced the 

Solutions appointment of Barmak Meftah as President and CEO. 

Causata Causata appoints new CEO Real-time Customer Causata, the software company that delivers rapid USA 

with exceptional track record Intelligence measurable benefits from real-time customer intelligence, 

announced the appointment of Paul Wahl as its new CEO. 

Compli New Compli CEO brings HR Management David Childers has been named CEO at Compli, USA 

wealth of experience Software the provider of on-demand HR, safety and compliance 

management software. 

Livescribe Livescribe appoints Mobile Computing Livescribe, maker of the award-winning Echo smartpen, USA 

Gilles Bouchard as CEO Platform announced the appointment of Gilles Bouchard as CEO. 

Portware Portware announces new Trading Software Portware, the provider of global multi-asset trading USA 

Management structure solutions, announced Alfred Eskandar as their new CEO. 

Precise Precise appoints John Vitalie Transaction Precise Software Solutions announced the appointment USA 

as CEO Performance of John R. Vitalie as CEO. 

Management 

Flexiant Flexiant secures new £1m Cloud Automation Flexiant appointed George Knox as CEO in a move that UK 

GBP investment and appoints Software underscores its ambitious growth strategy. 

new CEO 

COO 


Appcelerator Appcelerator names Mobile Platform Appcelerator, the mobile platform company, announced USA 

Sandeep Johri as COO Company that Mayfield EIR and former Hewlett-Packard Executive 

Sandeep Johri has joined Appcelerator as its COO. 

Broadway Broadway Technology appoints Financial Trading Broadway Technology, the emerging leader in USA 

Technology Jonathan Fieldman as COO Software & Services high-performance trading solutions for top-tier global 

banks and hedge funds, announced the appointment 

of Jonathan Fieldman as COO. 

Enservio Enservio appoints Service (SaaS) Enservio announced that Chris Schoettle has joined USA 

Chris Schoettle COO Platforms to the company as President & COO. 

Insurance Industry 

LiveClips LiveClips continues growth, Sports & Fantasy LiveClips, an innovator of smart video clips to sports USA 

names Brian Kalinowski as COO Video Content and fantasy league fans via Internet-enabled and mobile 

devices, has named Brian Kalinowski as its new COO. 



CTO 


AlienVault AlienVault appoints Unified Security AlienVault, creator of OSSIM, announced USA 

Roger Thornton as CTO Management the appointment of Roger Thornton as CTO. 

Solutions 

Jumptap Jumptap announces new CTO Targeted Mobile Jumptap, the leader in targeted mobile advertising, USA 

Advertising announced Bob Hammond has joined the company 

as CTO. 

KSS Fuels KSS Fuels expands Management Fuels Pricing Adrian Preston joins the KSS Fuels Executive USA 

Team to drive growth Planning Software Management Team as CTO. 

NetSocket NetSocket appoints CTO IP Service NetSocket, supplier of real-time cloud service solutions, USA 

Assurance Solution announced that networking expert Richard Platt has 

joined the company as CTO and VP of engineering. 

CMO 


3VR 3VR appoints new CMO Video Intelligence 3VR announced the addition of CMO Joe Boissy USA 

Company to the company's leadership team. 

AppSense AppSense names Peter Virtualization AppSense appointed Peter Rawlinson as CMO. USA 

Rawlinson CMO Solutions 

Aria Systems Aria Systems names Cloud Billing Aria Systems announced that Sandra Vaughan has USA 

Sandra Vaughan as CMO & Subscription been named CMO. 

BeyondTrust Peter Evans joins BeyondTrust Security BeyondTrust, provider of privilege delegation and USA 

as CMO Software authorization management, announced that 

Peter Evans has joined as CMO. 

Datasift DataSift expands Executive Social Data DataSift, the social data platform company, announced USA 

Team with CMO Analysis the expansion of its Executive Team to welcome 

software industry veteran Tim Barker. 

FleetMatics FleetMatics names Fleet Management FleetMatics, a global provider of fleet management USA 

Karen Leavitt as CMO Solutions solutions for commercial vehicles, announced the 

addition of Karen Leavitt as CMO. 

Media6Degrees Media6Degrees expands Marketing Media6Degrees, provider of data-driven prospect USA 

Executive Team with new hires Technology targeting for marketers, announced Elizabeth Hellman 

as CMO. 

Virtustream Former Cisco Executive Cloud Solutions Virtustream, a cloud solutions provider, announced USA 

joins Virtustream Provider that Simon Aspinall joined the Executive Team as CMO. 

CFO 


Mindshare Mindshare Technologies VoC Technologies Mindshare Technologies announced the appointment USA 

Technologies appoints new CFO of Mark Webb as the company’s new CFO. 

Pilgrim Software Pilgrim Software appoints CFO (ERCQM) Software Pilgrim Software, a provider of Enterprise Risk software USA 

Solutions solutions, announced the appointment of Ron Kozlin 

to CFO. 

SeaChange SeaChange announces Video Software SeaChange International, a global multi-screen video USA 

Michael Bornak CFO software company, announced the appointment of 

Michael Bornak as its new CFO. 

SoftLayer SoftLayer appoints new CFO Cloud Infrastructure SoftLayer Technologies announced the appointment USA 

Technologies Platform of Walter Z. Berger as CFO. 

VMTurbo VMTurbo expands Management Intelligent Workload VMTurbo, the provider of intelligent workload USA 

Team with new CFO Management management software for virtualized environments, 

Software announced Mo Garad as CFO. 

Xignite Xignite appoints new Financial Market Xignite, the financial market data cloud provider, USA 

CFO amidst expansion Data Cloud announced the appointment of Stephen Van Horne 

Provider as its new CFO. 



Hardware 

Chairman 


RDM RDM appoints Jean Noelting Electronic Payment RDM, a developer of specialized software and hardware Canada 

as new Chairman Products products for electronic payment processing, has named 

Jean B. Noelting, a Director of RDM since 2003, 

as its Chairman of the Board of Directors. 

Novaled Novaled AG appoints Organic The shareholders of Novaled, a leader in the Germany 

new Chairman of its Electronics development and commercialization of organic 

Supervisory Board electronics, elected Dr. Wolfgang Ziebart as Chairman 

of the Board. 

CEO 


3M Inge G. Thulin elected 3M Diversified 3M announced Inge G. Thulin as President and CEO. USA 

President and CEO Technology 

Provider 

Active Power Active Power names Power Solutions Active Power, manufacturer of continuous power USA 

Doug Milner President and CEO & Critical Backup and infrastructure solutions, announced it has named 

Power Systems Doug Milner as President and CEO. 

B.E. Meyers B.E. Meyers & Co, names Optoelectronic B.E. Meyers & Company, has announced the USA 

& Company Dr. Gregory Quarles new CEO Devices appointment of Dr. Gregory Quarles, currently President 

and COO, as its new CEO. 

Cambrios Cambrios Technologies enters Nanotechnology Cambrios Technologies, leader in nanotechnology-based USA 

Technologies strategic growth phase Solutions solutions, appointed John LeMoncheck as President 

and CEO. 

Innovative Micro IMT announces appointment MEMS Device Innovative Micro Technology announced that Craig USA 

Technology of Craig Ensley as CEO Ensley has joined IMT as President and CEO. 

KIOSK KIOSK Information Systems Self-service KIOSK announced Tom Weaver, previously KIOSK’s USA 

appoints new CEO Solutions CMO, as the company’s new CEO. 

Micron Micron Technology appoints Semiconductor Micron Technology announced the appointment USA 

Mark Durcan as CEO Solutions of Mark Durcan as CEO of the company. 

Silicon COO Tyson Tuttle, will succeed Signal Integrated Silicon Laboratories, a leader in high-performance USA 

Laboratories Necip Sayiner as CEO Circuits integrated circuits, announced the appointment 

of Tyson Tuttle, COO, as President and CEO. 

Thinklogical Thinklogical names Fiber Optic Video Thinklogical, provider of fiber optic video switching USA 

Joe Pajer CEO Switching & KVM and KVM systems, announced that Joe Pajer has joined 

Systems the company as CEO. 

COO 


Brooks Automation Brooks Automation names Automation Brooks, a provider of semiconductor manufacturing, USA 

Mark D. Morelli COO Technology announced the appointment of Mark D. Morelli to the 

role of EVP and COO. 



CTO 


FreeWave FreeWave Technologies selects Radio FreeWave Technologies, manufacturer of radios for USA 

Technologies Greg Veintimilla as CTO critical data transmission, announced it has hired Greg 

Veintimilla as its CTO and VP of Engineering. 

CMO 


Sterling Payment Gary T. Staub joins Sterling Electronic Payment Sterling Payment Technologies announced that USA 

Technologies Payment Technologies Technology Gary T. Staub has joined Sterling as CMO. 

CFO 


Dolby Laboratories Dolby announces transition Audio & Surround Dolby Laboratories announced the appointment of USA 

in EVP and CFO Sound Technology Lewis Chew as the company's EVP and CFO, replacing 

Murray Demo. 

Mercury Computer Mercury Computer Systems Signal & Image Mercury Computer Systems, provider of commercially USA 

Systems names CFO Processing developed, application-ready ISR subsystems 

for defense prime contractors, announced that Kevin 

M. Bisson has joined the company as CFO. 

PACE New CFO at Pace Technologies, PACE, the maker of TV set-top boxes, announced UK 

as overhaul continues Products & Services the appointment of Roddy Murray as CMO. 



32 

Business Services 

Chairman 


DVL Reorganization for DVL Data Center DVL has announced that Mike Murphy will become USA 

Infrastructure Chairman, he will set the long-term vision and strategic 

direction of the company and oversee the Board 

of Directors. 

TrustComm TrustComm announces changes Satellite Former TrustComm President and CEO Robert USA 

to Senior Management Communications Kubbernus will serve as Chairman of the Board. 

BluePhoenix BluePhoenix Solutions appoints IT Modernization BluePhoenix Solutions, provider of value-driven legacy Israel 

new Chairman of the Board Solutions IT modernization solutions, announced Mel Keating has 

been appointed as Chairman of the Board of Directors. 

CEO 


Command Security Command Security announces Security Command Security announced that Craig P. Coy USA 

appointment of CEO and Services has joined the company as its CEO. 

Board Member 

CSC CSC appoints Mike Lawrie Technology-enabled CSC, global IT services company, announced Mike USA 

President and CEO Solutions & Services Lawrie, has been appointed President and CEO. 

Dow Jones News Corp. appoints Lex Publishing Financial News Corp named Lex Fenwick CEO of Dow Jones, USA 

Fenwick CEO of Dow Jones & Information Firm the publisher of the Wall Street Journal newspaper. 

DVL Reorganization for DVL Data Center DVL names Mike Beck as new company CEO. USA 

Infrastructure 

Kroll Ontrack Altegrity appoints Dean Hager Information Kroll Ontrack, provider of legal, data and information USA 

as President and CEO of Kroll Management management products and services, announced 

Dean Hager has been appointed President and CEO 

of the company. 

PAS Technologies Thomas C. Hutton named CEO Component Repair PAS Technologies announced that Tom Hutton USA 

of PAS Technologies has joined the Management Team of PAS as CEO. 

PayPal PayPal names Mobile Group Online Payment David Marcus, PayPal's VP of Mobile, succeeds USA 

Chief as its new CEO Service Scott Thompson. Marcus moves into the new job 

as President and CEO. 

Possible Worldwide Shane Atchison appointed as Digital Marketing Possible Worldwide, a WPP Digital company, has USA 

CEO of Possible Worldwide Services appointed Shane Atchison to serve as CEO. 

Revolution Revolution Analytics names SaaS for Statistical Revolution Analytics, the commercial provider USA 

Analytics new CEO Computing of R software, services and support, announced 

David Rich as the company’s CEO. 

SmartOps SmartOps Corporation Supply Chain SmartOps, the enterprise-class supply chain USA 

appoints Martin Barkman Management optimization solutions provider, announced the 

President and CEO appointment of Martin Barkman as President and CEO. 

SocialVibe SocialVibe appoints Digital Advertising SocialVibe, a digital advertising technology company, USA 

Todd Tappin as CEO Technology announced that Todd Tappin has been appointed CEO 

by the company’s Board of Directors. 

SupportSpace SupportSpace prepares for Crowdsource-based Joseph Davis joins the company as CEO and will be USA 

market leadership by securing Premium Remote responsible for all aspects of SupportSpace’s 

industry talent Technical Support management, operations and vision. 

COO 


DVL Reorganization for DVL Data Center Joe Bedics will become COO of DVL, he will be USA 

Infrastructure responsible for the internal administrative functions, 

including human resources, IT, accounting and marketing. 

Local Corporation Local Corporation promotes Online Advertising Local Corporation, an online local media company, USA 

COO to President announced that it has promoted Michael Sawtell to 

President and COO. 


CTO 


Text Marketer Text Marketer appoints new CTO SMS Marketing Text Marketer, the SMS marketing company, introduced UK 

to build on significant growth Software & Services Marco Morais as the new CTO. 

CMO 


Balihoo Balihoo promotes Local Marketing Balihoo, the premier provider of Local Marketing USA 

Shane Vaughan to CMO Automation Automation (LMA) technology and services announced 

the promotion of Shane Vaughan to the role of CMO. 

Rackspace Hosting Rackspace names CMO Cloud Computing Rackspace Hosting, the service leader in cloud USA 

Service computing, announced that Suaad Sait has been 

named CMO. 

SafeNet SafeNet announces Executive Data Protection SafeNet, global leader in data protection, announced USA 

appointments that Tsion Gonen will assume the newly created role 

of Chief Strategy and Marketing Officer. 

Active Risk Active Risk appoints Chris Bell Enterprise Risk Active Risk, developer of Enterprise Risk Management UK 

to new CMO role Management software Active Risk Manager, announced the 

(ERM) Software appointment of Chris Bell to the newly created role 

of CMO. 

Reevoo Reevoo appoints new Social Commerce Reevoo, a provider of social commerce solutions, UK 

Global CMO Solutions announced the appointment of Mireia Fontbernat 

as CMO. 

CFO 


Accuvant Accuvant appoints David IT Security Accuvant, the research-driven information security USA 

Roshak as CFO and Senior partner delivering alignment, announced David Roshak 

Vice President of Operations has joined the company as CFO. 

Ceridian Lois M. Martin joins Ceridian Global Business Ceridian Corporation, a provider of global human USA 

as CFO Services & Software resources and workforce management software, 

Solutions Company announced Lois M. Martin has been appointed CFO. 

Eze Castle Eze Castle Integration Provider of Eze Castle Integration, a provider of IT services to USA 

promotes company veteran Technology, investment management firms, announced the 

to CFO post Consulting promotion of Christopher Holden to CFO. 

Mycroft Mycroft appoints IT Identity Mycroft, a provider of IT security solutions as a service, USA 

Chief Financial Officer & Security announced the appointment of Jeff Sanders as CFO. 

PC Connection PC Connection appoints Information PC Connection, provider of information technology USA 

Joseph Driscoll as SVP, Technology solutions, announced Joseph S. Driscoll will join the 

Treasurer & CFO Solutions Provider Company as SVP, Treasurer, and CFO. 

Systems Made Christopher Roberts named IT Systems & Systems Made Simple, a provider of IT systems USA 

Simple CFO at Systems Made Simple Services Support and services, announced Christopher Roberts as 

its new CFO. 

Virtual Bridges Virtual Bridges names Desktop Virtual Bridges announced the appointment of Iser USA 

Iser Cukierman CFO Management Cukierman to CFO. Cukierman will oversee all finance 

& Virtualization and provide strategic leadership for the company. 



34 

Cleantech 

Chairman 


Sunovia Energy Sunovia names Patricia LED Lighting The Board of Directors has elected Patricia USA 

Technologies C. Meringer Chairman C. Meringer as the Chairman of the Board. 

CEO 


Ascent Solar Ascent Solar names new CEO PV Solar Cells Ascent Solar Technologies named Victor Lee as its new USA 

CEO. Lee was previously the Executive Director of TFG 

Radiant, Ascent's largest shareholder. 

Fisker Fisker appoints Tom LaSorda Electric Vehicles Fisker Automotive announced that Tom LaSorda has USA 

as its new CEO been appointed CEO and Vice Chairman of the Board. 

LUMEnergi LUMEnergi names Barry Lighting Energy LUMEnergi, a provider of network-controlled energy USA 

Weinbaum President and CEO Management management solutions, announced the appointment 

Solutions of Barry Weinbaum as President and CEO. 

Solidia Technologies Solidia Technologies welcomes Clean Building Thomas Schuler joined Solidia Technologies as the USA 

new CEO Tech new President & CEO. He brings with him more 

than 25 years of research, engineering, sales and 

management experience. 

Conergy Conergy appoints Dr. Phillip Solar Cells Conergy announced it has appointed Supervisory Germany 

Comberg as CEO Board Chairman Dr. Phillip Comberg as CEO. 

COO 


ECOtality Murray Jones joins ECOtality Clean Electric ECOtality, a provider of clean electric transportation and USA 

as COO Transportation storage technologies, announced the Company has 

& Storage named Murray Jones as COO. 

Technologies 

OneRoof Energy OneRoof Energy appoints COO Solar Cells OneRoof Energy, the nation's first residential solar USA 

company that works directly with roofers to lease 

and install residential solar power systems, announced 

the appointment of Andrew Duggan as COO. 


CTO 


ECOtality Paul Gordon joins ECOtality Clean Electric ECOtality, a leader in clean electric transportation and USA 

as CTO Transportation storage technologies, announced Paul Gordon has 

& Storage joined ECOtality as CTO. 

Technologies 

CFO 


SolarBridge SolarBridge appoints CFO Solar PV Cells SolarBridge Technologies, a provider of PV microinverter USA 

Technologies solutions, announced that Judd Rabb, will join 

SolarBridge as CFO and VP of Finance. 

Intelligent Energy Intelligent Energy appoints Fuel Cell & Clean Intelligent Energy, the global clean power systems UK 

John Maguire as CFO Power Systems company, has announced the appointment 

of John Maguire as CFO. 



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Quarterly review of the investment ecosystem in Europe - Calibre One

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