VC watch: Traq takes in $14.8 million
Mobile software company Traq-wireless tunes into $14.8 million...AmberPoint chalks up $13.6 million...WorldWinner scores a $9.2 million third round.
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Recent Deals
• Traq-wireless has raised a $14.8 million third round of funding, led by Sevin Rosen Funds. Other investors included HO2 Partners, Convergent Investors, TIAA-CREF and Crown Venture Funds. The Austin, Texas-based company has raised a total of $33 million. Traq-wireless develops software and support services designed to organize, analyze and improve mobile usage and devices.
• Web services specialist AmberPoint has received a $13.6 million second round of funding, led by Crosslink Capital. Previous investors Norwest Venture Partners and Sutter Hill Ventures contributed to this latest round. The Oakland, Calif.-based company has raised a total of $22.6 million. AmberPoint develops Web services management software.
• Online contest company WorldWinner has received a $9.2 million third round of funding. The round was led by Benchmark Capital, which will receive a board seat. Previous investors Zero Stage Capital, HarbourVest Partners and CommonAngels also participated in the round. Los Angeles-based WorldWinner, which holds online tournaments with cash awards, has raised a total of $17.5 million.
• Sabrix has raised a $6.2 million second round of funding, led by previous investors Mohr, Davidow Ventures and Venture Strategy Partners. The Lake Oswego, Ore.-based company has raised a total of $19.1 million. Sabrix develops tax management software for corporations.
• Bluefire Security Technologies has raised a $6 million second round of funding, led by JK & B Capital. Previous investors Walker Ventures, Maryland Angels Council and the Maryland Department of Business and Economic Development also participated in the round. The Baltimore-based company has raised a total of $7 million. Bluefire Security develops security software for wireless and mobile handheld devices.
• Forefield has received a $2.5 million third round of funding. Previous investors Regent Capital Management, Ascent Venture Capital and North Hill Ventures contributed to this round. The Marlboro, Mass.-based company has raised a total of $13 million. Forefield develops software for online communication between financial institutions and their clients.