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FreshBooks Raises $30 Million and Plans to Hire 250 More Employees by 2016

FreshBooks has raised US $30 million round in its first institutional investment round.

The round, led by Oak Investment Partners with participation from Atlas Venture and Georgian Partners, will position the company for "increased growth as it helps freelancers and service-based businesses successfully build their businesses without having to learn accounting."

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Zillow Acquires Retsly from GrowLab Portfolio

Seattle-based Zillow just announced that it has acquired Vancouver's Retsly, a GrowLab portfolio company founded in 2013. Zillow has not disclosed the financial terms of the acquisition.

NASDAQ traded Zillow is the leading real estate and home-related marketplace.

Retsly is a software company that normalizes real estate data from multiple listing services (MLS) so developers can build data-driven products for the real estate industry.

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Xagenic Announces Second Closing of $25.5 Million Series B Financing

Xagenic Inc., a molecular diagnostics company developing the first lab-free molecular diagnostic platform with a 20 minute time-to-result, announced this week a second closing of its recently announced Series B financing, bringing the total raised in this round to $25.5 million.

In conjunction with this closing, new investor BDC Capital joined as an investor and Dion Madsen, Senior Managing Partner at BDC Capital, will join Xagenic's Board of Directors.

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