VC watch: Danger rounds up $35 million
The Hiptop maker gets a multimillion-dollar injection...VoiceRamp summons up $7.8 million... BroadWare Technologies hooks up to $7.5 million.
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Recent Deals
• Hiptop developer Danger said it collected another $35 million in funding, which it will use to try to sign up new wireless carrier and hardware partners for its combination cell phone and Web-browsing handheld device. The Palo Alto, Calif.-based company announced that it has secured additional financing from Softbank Capital Partners and Meritech Capital Partners in its latest round, bringing its total so far to more than $77 million.
• VoiceRamp Technologies raised a $7.8 million first round of funding, co-led by CenterPoint and Star Ventures. Startech Early Ventures also participated in this round. Richardson, Texas-based VoiceRamp develops software for broadband access and existing switching networks.
• BroadWare Technologies raised a $7.5 million round of funding, led by Sigma Partners. Dali Hook Partners and previous investors McKenna Ventures, Defta Partners, New Vista Capital and NetService Ventures also contributed to the round. Although the company is listing this funding as a first round--because of dilution that occurred to investors in previous rounds--it actually serves as a fifth round of funding, a company spokesman said. The Cupertino, Calif.-based company has raised a total of $20 million. BroadWare develops real-time, networked video applications.
• Software developer H5 Technologies raised a $6.5 million second round of funding, led by Draper Fisher Jurvetson. The San Francisco-based company has raised a total of $19 million to date. H5 Technologies develops software applications to automate the indexing of text-based information. The software automatically surveys content and pulls it together into a unified format, regardless of where the information is located.
• CashWorks raised a $5.3 million second round of funding, led by Capital Southwest. The Dallas-based company has raised a total of $5.6 million. CashWorks is developing a point-of-service terminal that can cash payroll and government checks at retail stores. The devices link to automated teller machines that are stationed in stores.
• MindMatters Technologies raised a $1.25 million third round of funding, led by Mid-Atlantic Venture Funds. Future Fund also contributed to the round. The Canonsburg, Pa.-based company has raised a total of $3.4 million. MindMatters develops software to allow companies to manage and protect intellectual assets.