JackBe Fueled to Extend Market Leadership; Adds $5 million in Funding

JackBe, the leading provider of enterprise mashup software, today announced that it has closed a $5 million round of funding and appointed software industry veteran Wayne Jackson as its new Chairman of the Board. The funding and appointment confirm JackBe's industry leadership and ready the company for continued growth and success through 2009 and beyond.

The $5 million funding was secured from existing investors including Harbert Venture Partners, Core Capital Partners, Blue Chip Venture Company, Intel Capital, and Darby Technology Ventures. The investment will be used by JackBe to expand sales, marketing, and partner activities worldwide.

Learn more >> JackBe Fueled to Extend Market Leadership; Adds $5 million in Funding and 25-year Industry Veteran as Chairman of the Board – MarketWatch

JackBe Lands $5 Million, Names Wayne Jackson as Chairman – Silicon Valley Wire

JackBe jacks another round with $5 million – Startup Meme Technology Blog

Dancing with First Round Capital

Firstroundcapital
First Round Capital's 2008 Holiday Card (video) proves once again why every early-stage entrepreneur wants to find a way to meet with this terrific investor group.  Check it out! 

These guys are creative; they have been in the trenches themselves (multiple times!); they have been successful (multiple times!); and most of all, they like working with entrepreneurs because they are entrepreneurs.

I have had the pleasure of working with and knowing lots of technology investors, and along the way, I have learned a thing or two about who you want to try and work with (and what you want to avoid).  These guys are good.  Period.  In addition, their holiday video is brilliant,
low-cost, and fun, and it highlights their strengths in an intangible,
yet powerful manner.

Let me share one quick story that illustrates why I like these guys so much.  Although they won't likely remember it, both Howard Morgan and Josh Kopelman provided me with a helping hand while I was trying to get buySAFE launched back in 2001.  I was introduced to Howard via a mutual friend, John Tedesco, and Howard offered to meet with me in NYC and provide me with feedback on my business plan.  At the time, the venture was called BondMyAuction.  I was not ready for primetime, and yet, Howard spent two hours listening to me and coaching me on how I could improve my plan.  Howard also introduced me to Josh Kopelman.  At the time, Josh was an executive at eBay because he had recently sold his business, Half.com, to the ecommerce giant.  For no reason other than to be helpful to me, Josh also spent almost two hours on the phone giving me feedback and advice on how to proceed. 

I will be forever grateful for their assistance since I was no more than an aspiring entrepreneur with a paper napkin business plan.  Their help was both gracious and inspiring.  In many ways, they (along with a few others like them) gave me the extra motivation and confidence that I needed to stick it out through the inevitable challenges of getting a business launched.  Since then, I have tried to return the favor with other aspiring entrepreneurs because of their good example (although I am quite sure that I could never be as helpful as they were for me).

Again, check out First Round Capital's holiday video, and I think you will agree with me.  These guys are authentic, and entrepreneurs clearly have good reason to want to work with them.

Nice job Howard and Josh!  For everyone else, enjoy!  http://holiday.firstround.com/

Roundbox Raises $20 Million for Mobile Broadcast Software

RoundBox, a provider of mobile broadcast software, announced on Monday that it has raised over $20 million in its third round of venture capital funding, led by Montagu Newhall Associates. Itochu Techno-Solutions Corporation, and previous backers Core Capital Partners, Polaris Venture Partners and RRE Ventures also participated in the round, which will be used to invest in product development and customer delivery.

Learn more >> Roundbox Raises $20 Million for Mobile Broadcast Software – Digital Media Wire

Roundbox Secures Over $20 Million in Series C Financing

Infinite Power Solutions, a thin micro-cell firm, raises $13 million

Infinite Power Solutions Inc. (IPS), a developer of solid-state, rechargeable thin-film batteries, has said it has completed its Series B round of financing, raising $13 million to fund the ramp to volume production of its Thinergy micro-energy cell product family.

Existing financial investors D. E. Shaw Ventures and Polaris Venture Partners led the Series B round, and were joined by the company's other existing investors Core Capital Partners, Applied Ventures LLC, the venture capital arm of Applied Materials and In-Q-Tel, along with a unnamed strategic investor.

Learn more >> Thin micro-cell firm raises $13 million – EETimes.com

Core Capital leads venture round for RollStream

Core Capital Partners led a $6 million round of funding for RollStream Inc., a developer of supply-chain software. Fairfax-based RollStream said the latest round of funding from the D.C.-based venture capital firm will be used to bolster its portfolio of enterprise community software services.

RollStream's Web-based platform helps manage partner relationships, letting businesses cut the costs and time required partners, communicate operational changes, and unveil sales and marketing initiatives.

Learn more >> Core Capital leads venture round for RollStream – Washington Business Journal:

Core Capital Partners Invests in $14.5 Million Round for Trust Digital

Core Capital Partners, a leading venture capital firm that invests in high-growth technology companies, announced today it is participating in a $14.5 million funding round for McLean, Va.-based Trust Digital, a leading enterprise mobility management (EMM) provider.

The funding will be used to extend Trust Digitals platform to include Research in Motions BlackBerry devices, the Apple iPhone and Google Android. The funds will also go toward expanding direct sales and channel partner support.

Learn more >> Core Capital Partners Invests in $14.5 Million Round for Trust Digital

V.i. Labs Secures $4 Million in Additional Funding

V.i. Labs, a provider of software protection solutions, received $4 million in additional funding to accelerate its product development efforts and expand platform support for its CodeArmor software protection and intelligence solutions. Existing investors, Core Capital and Ascent Ventures, participated in the expansion round.

Learn more >> V.i. Labs Secures $4 Million in Additional Funding