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In News

January 3, 2007

VC Deals

Apriori Technologies Inc., a Concord, Mass.-based provider of cost management software for the discrete manufacturing industry, has raised $11.18 million in Series B funding, according to a regulatory filing. Return backers include Bain Capital Ventures and Sigma Partners.

TutorVista, a San Francisaco-based provider of online tutoring and test preparation, has raised $10.75 million in Series B funding. Lightspeed Venture Partners led the deal with a $7 million contribution, while return backers included Sequoia Capital India and Silicon Valley Bank. has invested $10 million into Wikia Inc., the for-profit wiki site founded by Wikipedia founder Jimmy Wales. News of the deal was first reported last month, but the actual dollar amount had been kept confidential. Wikia previously had raised $4 million in Series A funding earlier from Bessemer Venture Partners, Omidyar Network and individual investors like Marc Andreessen, Josh Kopelman, Joichi Ito, Mitch Kapor and Ron Conway.

Newmerix Corp., a Superior, Colo.-based provider of automated testing and change management software for packaged applications, has raised $7 million in third-round funding. Return backers include Mobius Venture Capital, Siemens Venture Capital and IDG Ventures.

Chipidea, a Lisbon, Portugal-based provider of analog and mixed-signal semiconductor solutions, has raised Euro 5 million in Series C funding from Espirito Santo Ventures.

DefenSoft Planning Systems, an Israel-based developer of software solutions for planning defense and security systems, has sold a 15% ownership stake to private equity firm Athlone Global Security Inc. The deal also includes an option whereby Athlone could acquire an additional 5 percent.

About TutorVista

TutorVista's mission is to provide world class tutoring and high-quality content to students around the world. TutorVista is the premier online destination for affordable education-anytime, anywhere, in any subject. Students access TutorVista from the convenience of their home or in school and use TutorVista's comprehensive lessons and question bank to master any subject with access to a live tutor around the clock. The TutorVista idea: help students to excel in school and at competitive examinations. The management team consists of professionals from education, training and Internet fields whose expertise spans eLearning, instructional design, technology-based learning, professional services management, and Internet technologies. For more information, go to