Wednesday Deals Roundup: IndieGoGo, Project Frog, BlueArc
That’s “deals” as in funding and M&A announcements, not as in daily deals. (Though there’s news today about Groupon as well.)
—Crowdfunding startup IndieGoGo of San Francisco said that it has raised $1.5 million in new funding. Metamorphic Ventures, MHS Capital, and Zynga co-founder Steve Schoettler led the round, which the company said will help it “enhance the online experience for customers worldwide, with a particular focus on making the site and its analytics more accessible to consumers, strategic partners and the media.” Xconomy profiled IndieGoGo in April.
—Project Frog, a San Francisco-based maker of energy-saving prefabricated buildings, said today (PDF) that it has raised $22 million in a round of equity-based financing led by General Electric Energy Financial Services. Claremont Creek Ventures, Greener Capital Partners, and RockPort Capital Partners also joined the round. One of Project Frog’s buildings—which combine semi-custom components with pre-engineered kits—is under construction at GE’s John F. Welch Leadership Development Center in Ossining, NY; the GE investment is part of its Ecomagination Challenge, announced last summer.
—BlueArc, the San Jose, CA-based maker of networked storage devices for unstructured data such as video and genomic information, has been acquired by Santa Clara, CA-based Hitachi Data Systems, according to an announcement today. The value of the all-cash transaction was not disclosed. Hitachi Data Systems, a California subsidiary of Tokyo-based Hitachi, says the acquisition is part of its strategy to “transform traditional data centers into information centers—where customers can seamlessly store and access all data, content and information.”