MobileBits Closes $5 Million Investment Round

MobileBits Holdings, a provider of end-to-end content delivery solutions, has raised $5,000,000 from a select group of investors. MobileBits received proceeds of $5 million resulting from the sale of 10,000,000 shares of the Company’s common stock at a price of 50 cents per share.

The company says it will use the net proceeds for general corporate purposes, including advertising, marketing, product development, and acquisitions.

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Bipsync Raises $1.5M

Bipsync, a research automation platform for investment professionals, has closed a $1.5 million round of seed financing. Investors in the round include Russell Siegelman (Stanford Lecturer and Partner Emeritus, Kleiner Perkins Caufield & Byers), David Eisner (Founder of, and Steadfast Venture Capital.