Wednesday, December 27, 2006

Latest VC Deals

Online shopping software developer Venda has secured $20 million from an investor group led by Investor Growth Capital, the venture capital division of Swedish investment firm Investor, according to The Sunday Times. The deal values Venda at $100 million pre-money; ICG’s Noah Walley and Phil Dur are joining Venda’s board. Customers pay Venda a flat monthly fee to use its off-the-shelf shopping Web sites. www.venda.com

Harmony Information Systems, provider of case management software to human resources executives, has lined up $7.5 million in a first-round of institutional financing from JMI Equity and Updata Partners. The money will be earmarked for product development and marketing. Brad Woloson, a general partner at JMI, and Tim Meyers, a general partner at Updata, are taking seats on Harmony’s board of directors. Founded in 1998, Harmony is based in Reston, Va. www.harmonyis.com

Symphony Medical inc. has raised another $5 million in Series B funding to help make additional progress developing treatments for arrhythmias and other heart afflictions, VentureWire Pro reports. Investors in the most recent funding include Domain Associates, Johnson & Johnson Development Corp., Morgenthaler Ventures and Triathlon Medical Ventures; all four, along with Guidant Compass Group, participated in a $6.2 million Series B round a year ago. www.symphonymed.com

Netage Capital Partners Inc., a Japanese venture capital firm, has spent $1.5 million to acquire a 40 percent stake in an Internet start-up business launched by Swiss telecom company Swisscom, according to the Jiji Press English News Service. The company, coComment, lets customers keep track of the comments they post on different Web sites. www.cocomment.com

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