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BuyWithMe , the group buying site that competes with Groupon and LivingSocial in the United States, has appointed a new CEO after the former ( Cheryl Rosner ) abruptly left the company last December after only 8 months on the job.
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BuyWithMe, The Other Groupon Rival, Appoints New CEO
Silicon Valley venture firm Greylock Partners is adding a seasoned executive to its enterprise team today with the addition of Frank Slootman as partner.
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Greylock Expands Enterprise Team With Former Data Domain CEO Frank Slootman
Covertix , an Israeli startup that provides enterprise-grade solutions for protecting and monitoring sensitive corporate data, has raised $1 million in early-stage funding. The round was led by Kima Ventures , the investment firm founded by well-known European entrepreneurs Jeremie Berrebi and Xavier Niel . Covertix says the capital will be used to try and gain market share across the European market, expand sales and marketing activities and product development.
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Covertix Raises $1 Million, Helps Companies Secure Sensitive Data
Chicago-based startup FeeFighters ( formerly TransFS ) has raised $1.6 million in new funding led by Sandbox Industries with OCA Ventures, Arizona Bay Technology Partners, 500 Startups, i2a Ventures, Hyde Park Angels and other investors participating. FeeFighters is a comparison shopping site for credit card processors. The startup aims to help merchants save money on credit card fees and also conducts reverse auctions to solicit competing bids from credit card processing companies
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FeeFighters Raises $1.6 Million To Be The BillShrink For Business Services
Earlier we did a post about a new venture firm called Bullpen Capital that seeks to fill the void between super angels, who invest up to $1 million, and VCs who want to invest $5 million or more. Since the firm’s deal flow will come mostly from super angels, it’ll likely be investing in categories where lean startup rules apply. But that’s more than just consumer Internet and iPhone apps.
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More on that Void Between Super Angels and VCs (TCTV)
In what is the first but certainly not the last time we’ll hear of Silicon Valley venture capitalists opening up an office in New York, storied venture firm and Facebook/Groupon backer Accel Partners has opened a New York outpost at 11th and Broadway. This will be the second US location for Accel, which has offices in Bangalore, Beijing, London, New Delhi and Shanghai
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Silicon Valley Migrates! Accel Partners Opens Up A New York Office
A Seattle-area materials science company, M9 Defense , raised $1.4 million in a series A round, a new SEC filing revealed. According to the company’s website: its core product, Boroclave presses, use hydroforming technology to mass-produce ballistic and non-ballistic composites.
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M9 Defense Raises $1.4 Million For Advanced Hydroforming Technology
The supreme madness of the CES season has passed on once more, leaving our team with sore feet and a tech hangover. If you were watching our live video stream, you know what sort of a show it was — pretty much CES 2010: The Next Generation , what with all the 3D TVs and tablets. But that doesn’t mean there was nothing worth seeing.
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Our Take: Favorites From CES 2011
An email from a reader claiming to be a MySpace employee about the layoffs today that left half of the company out of work.
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Bitterness, Anger And Betrayal At MySpace
A Pennsylvania startup Viridity Energy drew a series B investment of $14 million from Braemar Energy Ventures and Intel Capital, the company reported today.
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Viridity Energy Raises $14 Million To Turn Power Consumers Into Producers
