for medical applications, has raised $3.9 million out of a total offering of $7.2 million, as Eric reported. The new money comes from a combination of equity and options.
—Bellevue, WA-based Ohloh, one of the biggest directories of open source projects, is being acquired by SourceForge, which runs the world’s largest open source software development website. Financial details were not released, but the deal is expected to be completed within a few weeks. Ohloh was founded in 2004 and currently lists more than 300,000 open source developers and products on its site.
—Seattle-based Sortuv and Vittana are two of the 20 startups and nonprofits that were awarded part of a $500,000 grant by Facebook last week, as Eric reported. The money comes via fbFund, a new program designed to nurture startups that make social websites and software. Sortuv is a search engine designed around plain questions rather than keywords, while Vittana is a nonprofit that helps people in developing nations obtain direct microloans. Each company will spend 10 weeks at Facebook headquarters in Palo Alto, CA, learning how to expand their business from entrepreneurs, investors, and Facebook developers.
—Seattle-based 1000 Markets, an online community of marketplaces for niche products and crafts, raised about $500,000 in new funding. The investors and other terms were not disclosed. 1000 Markets competes with California-based Etsy and eBay, and plays in the same general e-commerce space as companies like Kirkland, WA-based Bonanzle.
—Kirkland, WA-based OVP Venture Partners participated in a $10 million second round of financing for Los Gatos, CA-based Tigo Energy. Israel Cleantech Ventures (ICV) led the round, and was also joined by existing investors Matrix Partners and Clal Energy. Tigo Energy was founded in 2007 and develops technology to improve solar-power efficiency. The company raised a $6 million Series A round in May of last year.
—Woodinville, WA-based Loctronix formed a partnership with Japanese company NEC Magnus Communications, as Eric reported. The deal allows NEC to use Loctronix’s single-chip, multiple source global positioning technology in its products. Financial terms were not disclosed, but NEC’s new products will be part of the effort by the Japanese government to create a “ubiquitous society,” where all of Japan will be able to quickly access information from a nation-wide network. Loctronix was founded in 2006 to develop GPS technology.
