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Home - Venture capital financing wrap-up: Apprion, Peermeta, RingCentral and more
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Venture capital financing wrap-up: Apprion, Peermeta, RingCentral and more

by jscarbo September 26, 2007
written by jscarbo September 26, 2007 Share
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The following list includes venture capital and other investments into wireless companies announced during the past week. The value of the investment is included when available.
–Apprion: Anvil Investment Associates L.P. led a $12 million Series B round of funding into Apprion, which develops optimization systems for industrial wireless application networks. Also participating in the funding round were CTTV Investments L.L.C., Advanced Technology Ventures and Allegis Capital. The company said it will use the funding to expand sales, marketing and product development efforts.
–Conterra: Conterra Ultra Broadband Inc. said it raised $41 million in private financing. The primary investor in the round is an investment management firm that was not identified. DukeNet Communications L.L.C. also participated in the funding. Proceeds will be used primarily for capital expenditures associated with the rollout of the company’s wide area and hybrid fiber/microwave networks.
–Peermeta: Sigma Partners and Kepha Partners invested $6 million in a Series A investment into Peermeta Inc., an early-stage mobile software platform developer. The company said the funding round will fuel its growth beyond the seed stage. Peermeta also announced it expanded its corporate offices to a new 7,200 square foot facility in Acton, Mass.
–Purple Labs: Sofinnova Partners, Earlybird and Partners Group led a $14.5 million round of funding into wireless Linux solutions provider Purple Labs. Sofinnova bought out the company’s previous owner several months ago.
–QuickPlay Media: Ventures West led a $15 million Series C round of funding into QuickPlay Media, which provides mobile TV and video solutions. Also participating in the round were General Catalyst, J.L. Albright Venture Partners and Up Capital Ltd. The company said it will use the funding for global expansion and product development.
–RingCentral: Sequoia Capital and Khosla Ventures invested $12 million into RingCentral Inc., which provides a solution for small businesses to unify their communications services. The company recently appointed Dinesh Lathi as CFO
–Trutap: The Tudor Group invested $6.5 million into mobile social networking company Trutap Ltd. as part of its follow-on Series A funding round. The company said the funding will be used for service development and marketing activities. Angel investors also participated in the round.
–VoluBill: XAnge Private Equity led a funding round totaling nearly $14.9 million into VoluBill, which provides on-network mobile charging and control solutions. Existing investors Sofinnova Partners, Sofinnova Ventures, Seventure, DVCG and Argo Capital also participated in the financing. The company said it will use the capital to fund its acquisition strategy aimed at acquiring technology to complement its core products.

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