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VC watch: NetByTel grabs $18.1 million

SubmitOrder will receive $40 million...NetByTel receives an $18.1 million second round...VantagePoint Venture Partners closes a $150 million fund.

Companies have lived through the boom, and some have survived the bust, but which players will be the trendsetters of the future? The following list is the latest news from start-ups here and abroad that have received venture funding. This page is updated daily. Keep checking back for the latest.

Has your company just completed a round of financing or received other venture capital support? E-mail the editors at

Thursday's deals

• SubmitOrder said it will receive $40 million in a funding round led by Silver Lake Partners. The company, which works with clients to handle their customers' online and catalog buying experiences, has raised a total of $300 million since launching in 1999. SubmitOrder, based in Dublin, Ohio, will use the funding to expand its brand management, marketing and customer service organization.

• Supply-chain management software maker Viewlocity said it got a commitment of at least $30 million in funding from new and existing investors. The round of funding for Viewlocity could exceed $30 million and is expected to close within the next two weeks. The Atlanta-based company did not indicate how much it has raised overall, but said it will use the funding to expand its sales, marketing and product development initiatives.

Wednesday's deals

• NetByTel said it received an $18.1 million second round of funding led by Lazard Technology Partners. Other investors include Noro-Mosely Partners, Accenture Technology Ventures and InCentive Capital. Previous investors T-Ventures and affiliates of Chelsea Capital Partners and Mesco also joined in. NetByTel provides software that connects e-commerce systems with telephones via speech recognition. The Boca Raton, Fla.-based company has raised a total of $25 million and plans to use the latest funding to further develop its technology.

• VantagePoint Venture Partners has closed a $150 million fund to serve New York technology companies and has opened an East Coast office. VantagePoint, based in San Bruno, Calif., launched the VantagePoint New York Fund and will focus on data networking, optics, wireless and voice services, and applications. The fund will be operated out of a New York office and received an investment from the New York State Teachers' Retirement System.

• NetContinuum received a $26 million second round of funding, led by NIF Ventures. Adams Street Partners, Invus Group and Siemens Venture Capital also participated in the round, along with previous investor Menlo Ventures. NetContinuum has raised a total of $35 million and received more than a 300 percent increase in valuation, according to a representative. The Santa Clara, Calif.-based company makes switches that service providers use to deliver content and applications more efficiently over their network.

• Workspeed said it received a $15 million second round of funding. San Francisco-based Workspeed, which has raised a total of $33 million, provides technology that allows building owners, managers, tenants and suppliers to work together in real time to deliver building services. Partech International participated in the second round, along with previous investors Apollo Real Estate Advisors, Archon Group, Insignia Financial Group, Mack-Cali Realty, Newmark and Co. Real Estate, Vornado Realty Trust, Jack Resnick & Sons and Lawrence Ruben Co.

Tuesday's deals

• iCelerate said it received $11 million for its second round of funding. iCelerate received funding from e4e, GIV and company Chairman Ashok Narasimhan. The San Jose, Calif.-based company, which offers consulting, software integration and hosting services, has raised a total of $12 million.

• Skire said it raised a $17 million second round of funding, led by Walden International. Skire also attracted investments from Acacia Venture Partners and previous investors Hummer Winblad Venture Partners and Asset Management. The Menlo Park, Calif.-based company provides software and services to companies that want to automate and integrate their engineering, project management, procurement and manufacturing functions. Executives refused to disclose the amount raised in the first round, and a total amount raised for the company was not available.

• ViAir has raised a $15.3 million second round of funding, bringing the total capital raised to $23.3 million. Spectrum Equity Investors led the round, which included investments from 3i, Mercury Interactive and previous investor The Barksdale Group. Seattle-based ViAir has developed technology to allow employees to access their corporate e-mail, calendar and contacts using any Web-enabled device.

• Kodiak Venture Partners has closed a $290 million fund that will invest in communications, semiconductor and software companies in the eastern United States and in Canada. Kodiak Venture Partners II will fund companies seeking seed and early rounds of financing. The Concord, Mass.-based firm will make investments ranging from $250,000 to $10 million per company; it has already committed funds to optical communications company TeraConnect and high-speed wireless chipmaker IceFyre Semiconductor. The latest Kodiak fund received investments from all of its previous institutional and corporate investors.

• Security provider Guardent said it received a $20 million third round of funding led by Citigroup's e-Citi Unit. Mercury Interactive, along with previous investors Charles River Ventures, New Enterprise Associates, and Sequoia Capital, also participated in the round. Guardent has raised a total of $50 million and the latest proceeds will be used to expand the company's security and consulting business. The Waltham, Mass.-based company also announced it acquired DefendNet Solutions' customer list and technology, giving it a backup hosting site in Rhode Island.

• Performix Technologies said it received a $10 million second round of funding. ICC Software Partners of Ireland, along with other European institutional and private investors, participated in the round. Performix Technologies, based in Dublin, Ireland, increased its valuation by 70 percent to $44 million in the current round from $26 million in the previous round. Performix, which has raised a total of $16.5 million, provides software to contact centers such as help desks or technical support offices. The software records goals for employees and monitors performance against those plans.

Monday's deals

• SeeCommerce said it received a $27.4 million fifth round of funding, led by Amerindo Investment Advisors. Other investors include Charter Growth Capital, Insight Capital Partners, Integral Capital Partners, Voyager Capital, Munder Capital Management, Siebel Systems and Sierra Ventures. The Palo Alto, Calif.-based company has raised a total of $66.4 million and received more than a 50 percent increase in its valuation with the latest round, a representative said. SeeCommerce sells software that allows companies to determine where they have problems within their supply chain and take action to solve those problems.

• CGtime said it received a $7 million first round of funding, led by New Enterprise Associates. Along with New Enterprise Associates, other investors included Odyssey, senior management and private investors. San Francisco-based CGtime is a software applications company that works with corporations to help them with their online branding.

• FlightTime raised a $25 million second round of funding led by Amerland Holdings. Previous investors Southeast Interactive Technology Funds, Axxon Capital, Covestco-Seteura and BancBoston Ventures also participated in the round. Waltham, Mass.-based FlightTime, which provides online booking and air-charter services, has raised a total of $35 million.

• Rivio, a provider of Web services to small businesses, raised $12 million in its fourth round of financing led by a group of investors including management consultancy Accenture. Other companies that invested in this round include Bank of America and venture capital firms Opportunity Capital Partners and Softbank Venture Capital. The latest round brings a total of $61 million in capital raised for the Santa Clara, Calif.-based company. Founded in 1999, Rivio's core small business Web products help companies manage daily operations and tasks such as human resources, payroll, purchasing and employee communications. Earlier this year, Rivio formed a partnership with Microsoft as part of the software giant's own small business push with its bCentral Web site, aimed at providing smaller companies with software and services.

• Lawson Software received a $40 million first round of funding from TA Associates and St. Paul Venture Capital. Lawson is a 26-year-old company with revenue of $313 million. The St. Paul, Minn.-based company sells software to automate such tasks as human resources, financials and supply chain management for corporations in the services industry. Its business software is also administered over the Internet.

Friday's deals

• Online real estate company raised a $15 million second round of funding, led by Milestone Equities. Other investors included TL Ventures and Polaris Venture Partners. eRealty, based in Houston, has raised a total of $27 million and anticipates raising a third round later this year. The company offers real estate and brokerage services from its Web site, as well as from offices in Atlanta, Baltimore, Chicago, Dallas, Houston, and Southern California.

• Concierge and personal assistance company Circles said Friday it received a $10 million third round of funding. Hearst Interactive Media led the round, with Axxon Capital and previous investors TL Ventures and Trident Capital participating. Circles, based in Boston., has raised a total of $26.8 million.

• ERisk raised a $10 million second round of funding that was led by J.P.Morgan Partners and included previous investors Aventic, Katalyst Venture Partners and Risk Management Solutions. New York-based ERisk has raised a total of $30 million for its risk measurement and management software company.