VC watch: SnowShore gets $20 million

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Thursday's deals

• @TheMoment has received a $7 million fourth round of funding, led by Voyager Capital. Previous investors Tibco Software, Tarrant Venture Partners and VantagePoint Venture Partners also participated in the round. San Mateo, Calif.-based @TheMoment has raised a total of $24 million and received a decline in valuation with its latest round. The company develops software designed for companies to offer auctions or marketplace exchanges under their own names.

• SnowShore Networks said it has received $20 million in a second round of funding, led by St. Paul Venture Capital. Previous investors Charles River Ventures and Matrix Partners also participated in this latest round. Chelmsford, Mass.-based SnowShore has raised a total of $30 million and received an increase in its latest round. The telecommunications equipment company has developed media servers designed to blend voice and Web content that constantly changes.

• InLeague said that it has received $10 million in a second round of funding. Mohr, Davidow Ventures and the IGNITE Group participated in this latest round. San Bruno, Calif.-based InLeague has raised a total of $17.5 million. The company offers an online service to automate processing of payroll and payroll taxes.

Wednesday's deals

• Celltick Technologies said it has raised a $10 million second round of funding, led by Jerusalem Venture Partners and Elwin Capital Partners. Elwin will receive a board seat as part of its investment. Herzlia, Israel-based Celltick markets its software to mobile device operators, allowing them to offer their customers content and services that can be accessed with two clicks of the mouse. The company has raised a total of $13.5 million.

• Intersect Software has raised an $18.4 million second round of funding. BlueStream Ventures and previous investors Bessemer Venture Partners and Columbia Capital participated in this latest round. Sterling, Va.-based Intersect Software has raised a total of $20 million. Intersect's software is designed to help engineering and product-development companies and departments evaluate, test and ship products.

Tuesday's deals

• DealPlanner said that it has raised a $1.7 million first round of funding. Investors include i5 Digital and eFund, along with individual investors. Seattle-based DealPlanner develops software designed to manage financial transactions, such as mergers and acquisitions, public and private debt, equity offerings, and other corporate transactions. The company expects to launch its second funding round by the end of September.

• Kenetec said that it has raised $12 million in a second round of funding, led by St. Paul Venture Capital. Siemens Mustang Ventures and previous investors Ascent Venture Partners and Commonwealth Capital Ventures also participated in the latest round. Naugatuck, Conn.-based Kenetec has raised a total of $25.5 million. Kenetec develops software and operates a service that sends multimedia services over networks, regardless of a business' size.

• Ventaso has raised a $20 million third round of funding, led by Sierra Ventures. Carlyle Venture Partners and previous investors Norwest Venture Partners, Integral Capital Ventures and Focus Ventures participated in the latest round. San Francisco-based Ventaso develops software designed to link and reassemble content into customized sales material. The company has raised a total of $50 million.

• Storage service and software company Scale Eight said that it has raised a $23 million third round of funding. Oak Investment Partners led the round with STAR Ventures and previous investors InterWest Partners, CenterPoint Ventures and Crown Advisors also participating. San Francisco-based Scale Eight has raised a total of $54.5 million and has received a decline in valuation with the latest round. Scale Eight's service and software enables companies to store data on a global basis, rather than at numerous local offices.

• Ejasent said that it has received $15 million in a third round of funding. Previous investors Crescendo Ventures, Technology Crossover Ventures, Red Rock Ventures and Crystal Internet Ventures participated in the round. Mountain View, Calif.-based Ejasent offers a pay-as-you-use service in which companies can receive on-demand computer processing power for their applications. The company also sells this technology to companies that want to use it for their own networks. Ejasent has raised more than $35 million and has received about a 30 percent decline in valuation with the latest round, a company representative said.

Monday's deals

• Cenquest said it has raised a $6 million third round of funding, led by Sevin Rosen Funds. Other investors include Venture Partners and Excelsior Venture Partners. Portland, Ore.-based Cenquest offers online classes that enable a company?s work force to receive university degrees. The company has raised a total of $19 million.

• Ember, which has attracted 3Com founder Bob Metcalfe as a board member and investor, said it has received a $3 million seed round. Polaris Venture Partners led the round, which also included investments from DFJ New England and Stata Venture Partners. Cambridge, Mass.-based Ember is developing hardware and software to create the technology to operate a wireless network for devices. Robert Poor, Ember founder and chief technology officer, said networking micro-controllers are built into everyday devices from TV remotes to appliances, but the ability to network these devices is absent. He added that Ember is working on developing a wireless device networking standard that can be used by device manufacturers, which will test the technology in the next six months. Ember launched its business with patented MIT Media Laboratory technology.

• Kodeos Communications said it raised a $12 million first round of funding, led by Jerusalem Venture Partners and Highland Capital Partners. South Plainfield, N.J.-based Kodeos is developing hardware to increase the speed and capacity in fiber-optic networks that span a great distance. Kodeos' hardware is designed to reduce the weakening of a fiber-optic signal, which in turn cuts down the need to frequently regenerate the signal through another length of fiber.

• IP Unity said it has raised a $24 million third round of funding, led by Partech International. Partech, which received a seat on IP Unity's board, was joined by previous investors Battery Ventures, New Enterprise Associates and Kleiner Perkins Caufield & Byers. The Milpitas, Calif.-based company has raised a total of $48 million. The media and application servers and software company's systems are designed to enable telecom carriers to offer interactive voice response, conferencing and text-to-speech over their networks.

• Bid4Assets said it has received a $4 million second round of funding, led by previous investor Hartford Financial Services Group. Silver Spring, Md.-based Bid4Assets has raised a total of $9 million for its online and traditional asset auction business.

• ChannelWave Software said it has raised a $26.5 million third round of funding, led by Softbank Venture Capital. Other investors included ABS Capital Partners, Lazard Technology Partners and Ironside Ventures. Cambridge, Mass.-based ChannelWave has raised a total of $59 million and received a decline in valuation with its latest round, a company representative said. The company?s software automates and manages the relationship between enterprise-software sales teams and their sales partners, such as training for the partners to collaborate between the two groups.

Thursday's deals

• InFlow said it has raised a $35 million fourth round of funding. First Union Capital Partners, Meritage Private Equity Funds, Spire Capital, DLJ Merchant Banking and Cornerstone Equity Investors invested in this latest round. Denver-based InFlow has raised a total of $330 million. The company operates 18 data centers and sells managed services to companies.

• Versura said it raised a $5 million first round of funding, which was led by Palisade Capital Management. General Electric Pension Trust also participated in the round. Arlington, Va.-based Versura develops education loan exchange software, which allows higher education institutions, lenders and loan buyers to communicate with each other.

• AdSpace Networks said it has raised a $14 million second round of funding, which was led by Doll Capital Management and the AIG Global Sports & Entertainment Fund. Other investors included Allen & Co., Amicus Capital, Angel Investors and Brainstorm Ventures. San Francisco-based AdSpace has raised a total of $15 million and received an increase in valuation with the latest round. The company develops software that allows retailers and commercial establishments to target advertising and promotions to a particular audience via high-speed electronic displays.

• Vista Ventures said it has raised a $20 million fund. Vista Ventures I will invest in information technology and communications companies in the Rocky Mountain region. Broomfield, Colo.-based Vista Ventures plans to invest in companies seeking their early rounds of funding and expects to make upward of 11 investments with the fund.