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    NEWS:

  • The Florida Venture Forum Announces Presenting Companies for 2009 Early Stage Venture Capital Conference

    April 20th, 2009 4 comments

    TAMPA, Fla. The Florida Venture Forum (http://www.floridaventureforum.org) has selected 15 Florida companies to present at its Early Stage Venture Capital Conference, to be held at the Omni ChampionsGate in Orlando On May 15, 2009. Fifteen of Florida’s best early-stage prospects for equity financing will make 10-minute presentations to an audience of venture capitalists, private equity investors, angel investors, investment bankers, financial intermediaries […] 

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  • Glycos Biotechnologies, Inc. Closes Series A Round of $5 Million Led by Draper Fisher Jurvetson and DFJ Mercury

    April 17th, 2009 1 comment

    Company to Use Funds for Commercialization of Innovative and Cost-Effective Bio-Processing Technologies to Produce Chemicals from Low-Cost, Low-Value Carbon Sources HOUSTON Glycos Biotechnologies, Inc. (GlycosBio) announced the closing of a $5.0 million Series A round of financing led by venture capital firms Draper Fisher Jurvetson (DFJ) and DFJ Mercury, both leading investors in early-stage clean technology companies. Proceeds from the Series A financing will be used to hire key technical talent and to commercialize […] 

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  • Lycera Closes $36 Million Series A Financing

    April 16th, 2009 No comments

    ANN ARBOR, Mich., April 16 Lycera Corp. today announced it has closed a $36 million Series A financing. The company, which is developing novel small-molecule pharmaceuticals to treat autoimmune diseases such as rheumatoid arthritis and inflammatory bowel disease, has received $10 million as a first tranche of the financing and will receive the remainder of the proceeds in two tranches as specific milestones are met. InterWest Partners, ARCH Venture Partners and Clarus Ventures co-led the financing. EDF Ventures, which led a seed financing in November 2006, is also participating. In conjunction with the closing, Jeffrey Leiden, M.D., Ph.D., a managing director with Clarus; […] 

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  • Venture Capital Firms iNovia Capital and ID Capital invest $3 Million into Tribal Nova, a Children's Virtual World Company

    April 16th, 2009 No comments

    MONTREAL, April 16 Tribal Nova, a Montreal based developer and operator of parent-friendly virtual worlds and online educational gaming services for 3-12 year olds, announced today the closing of a $3 million growth financing round from iNovia Capital and ID Capital. “Tribal Nova is well positioned to succeed in a market that has great potential for growth,” said Chris Arsenault, Managing Partner at iNovia Capital. “Children are consuming media and entertainment in new ways these days, with a significant amount of time and attention spent on the internet. Media companies recognize that fact and are searching for different ways to engage […] 

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  • Synageva BioPharma Announces $30 Million Equity Financing

    April 15th, 2009 No comments

    WALTHAM, Mass. Synageva BioPharma Corp., a privately held biopharmaceutical company, announced today the first closing of a financing raising $30 million. The financing was led by Baker Brothers Investments, a leading biotechnology investor. Other investors participating in the financing include Tullis Dickerson and Four Partners. As part of the transaction, Synageva announced that Robyn Samuels, Vice President with Tisch Family […] 

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  • Pontiflex Closes $6.25 Million in Series B Funding

    April 15th, 2009 No comments

    Companys Cost-per-Lead Offering Enables Brand and Direct Marketers to Generate Guaranteed Returns on Online Advertising BROOKLYN, N.Y. Pontiflex, creator of the online advertising industry’s first open and transparent Cost-per-Lead (CPL) market, today announced the completion of $6.25 million in Series B funding led by RRE Ventures. Existing investors New Atlantic Ventures and Greenhill SAVP also participated in the round. The new capital will be used to strengthen the company’s flagship […] 

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  • Ontario Venture Capital Fund Invests in Jobs of the Future

    April 15th, 2009 1 comment

    TORONTO The Ontario Venture Capital Fund is committing $20 million in EdgeStone Capital Venture Fund III (EdgeStone) to help support innovative, high-growth businesses, including high-potential companies in Ontario. EdgeStone is an Ontario-based venture capital firm investing in early and growth stage Canadian information technology companies. EdgeStone’s track record of successful investments includes Ontario-based companies such as Workbrain, SlipStream Data, Protus IP Solutions and Varicent. The $205-million Ontario Venture Capital Fund, managed […] 

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  • InteliCloud Closes Series A Funding Round Led by Media One Direct

    April 14th, 2009 No comments

    Mission Ventures, Selby Ventures and Tech Coast Angels invest to accelerate Big Stage’s sales, marketing and R&D for its 3D photo-real avatar facial modeling technology NEWPORT BEACH, Calif. InteliCloud, a developer and manufacturer of next-generation network equipment, today announced the closing of its Series A round of financing led by Media One Direct, a company that is developing and building a next-generation content delivery network. InteliCloud is applying the funds to support and fulfill orders for the […] 

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  • Imbera Secures USD $15 Million in Series B Funding from NorthZone, Index and Conor

    April 14th, 2009 No comments

    Innovative Company Will Use Funds to Bring High-Volume 3-D IC Packaging Manufacturing Online by Q4 2009 MELBOURNE, Fla. Imbera Electronics, the developer of patented Integrated Module Board (IMB™) technology for 3-D semiconductor packaging, announced that it has secured USD $15 million in series B funding from NorthZone Ventures, Index Ventures and Conor Venture Partners. The financing will be used to bring online a new high-volume manufacturing operation in Sangsong-ri, South Korea, and to continue […] 

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  • Goom Radio Raises More Than $16 Million in Venture Capital to Launch Internet Radio Service

    April 14th, 2009 No comments

    New Online Radio Company Secures Series A Funding and Support from Three Global Tech VC Leaders; Former Clear Channel, Google Executives Team to Launch Online Radio Venture NEW YORK Goom Radio (www.goomradio.com), a newly founded New York-based online radio company, has secured approximately $16 million (12.2 million euros) in funding from Wellington Partners Venture Capital, Elaia Partners and Partech International in its Series A round. Goom Radio’s mission of “reinventing […] 

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  • FastScale Technology Secures Series B Funding

    April 14th, 2009 No comments

    ATA Ventures Leads Second Round of Funding for Innovator of Software Solutions for Next Generation Data Centers SANTA CLARA, Calif. FastScale® Technology, Inc., provider of award-winning software platforms for next generation data centers, today announced that it has secured $5.5 million in a Series B funding round led by ATA Ventures and joined by prior investors Leapfrog Ventures, Hunt Ventures as well as a new strategic corporate investor. The company’s last round […] 

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  • Big Stage Entertainment Secures $2.7 Million in Series B Funding from Original Investors, Bringing Total Raised to $10.6 Million

    April 14th, 2009 No comments

    Mission Ventures, Selby Ventures and Tech Coast Angels invest to accelerate Big Stage’s sales, marketing and R&D for its 3D photo-real avatar facial modeling technology LOS ANGELES Big Stage Entertainment, Inc., a media technology company enabling consumer projection of self into digital life, has secured an additional $2.7 million in Series B funding from Mission Ventures , Selby Ventures and TechCoast […] 

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  • Ravenflow Secures $6 Million in New Funding

    April 14th, 2009 No comments

    Alloy, Palomar, and Roda Join New Round of Funding for Innovative Provider of Business Requirements Definition Software EMERYVILLE, Calif. Ravenflow, the leader in Business Requirements Definition™, today announced that it has secured $6 million in a new funding round by existing investors Alloy Ventures, Palomar Ventures, and the Roda Group. “In this difficult economic climate, only the best technology ventures get funding,” said John Shoch, partner at Alloy Ventures. “Ravenflow’s customers consistently report compelling ROI from their deployments of […] 

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  • Goldman Sachs Asset Management Closes GS Vintage Fund V Private Equity Secondaries Fund with $5.5 Billion in Capital

    April 13th, 2009 No comments

    Related: Goldman Sachs Group Inc.
    NEW YORK Goldman Sachs Asset Management announced today that it has raised its fifth dedicated private equity secondaries fund, GS Vintage Fund V, with approximately $5.5 billion in capital commitments. Limited partners in GS Vintage Fund V include existing and new institutional and private investors throughout the Americas, Europe, Asia and Australia. GS Vintage Fund V will focus primarily on acquiring portfolios of private equity assets, […]
     

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  • Foundation Radiology Group Raises $10 Million in Venture Funding Led by Chrysalis Ventures

    April 13th, 2009 No comments

    PITTSBURGH, April 13 Foundation Radiology Group (FRG), a provider of diagnostic imaging professional services to hospitals, outpatient imaging centers, urgent care centers, and long-term acute care institutions, announced today that it has raised $10 million in the company’s initial round of venture funding. Louisville, KY-based Chrysalis Ventures, a leading source of equity capital for young growth companies in the Midwest and South, led the Series A round. Health Evolution Partners, LLC, a manager of health care investment funds, and a limited partner in Chrysalis Ventures, L.P., also invested through the Health Evolution Partners Innovation Network (HEPIN). Founded in late 2006, FRG […] 

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  • Nuventix Secures $8 Million in New Funding

    April 13th, 2009 No comments

    Funds Will Accelerate Asian Market Development and Advanced Engineering AUSTIN, Texas Nuventix, Inc., innovator of SynJet® active thermal management solutions, announced today it has closed $8 million in new funding. The funding will accelerate advanced development of the company’s groundbreaking SynJet cooling technology, an active cooler of solid state lighting which uses synthetic jets to enable energy efficiency and reduce energy consumption in lighting designs. Funding […] 

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  • the Rubicon Project Adds on for $33 Million in Funding

    April 13th, 2009 No comments

    Advertising Technology Company Delivers 150% Revenue Growth in Q109 LOS ANGELES the Rubicon Project, an Internet advertising technology company that pioneered Ad Network Optimization, has added $13 million in venture funding bringing total financial investments to $33 million. The round includes an additional $5 million in venture funding from Clearstone Venture Partners, Mayfield Fund and IDG Ventures Asia. Silicon Valley Bank provided […] 

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  • Molecular Templates Inc. Secures $2.5 Million in Series A Financing from Sant Ventures

    April 10th, 2009 No comments

    AUSTIN, Texas Molecular Templates Inc. (MTI), a biopharmaceutical company with a novel protein platform for the development of new cancer therapeutics, today announced it has secured $2.5 million in financing from Santé Ventures. Proceeds from this financing will be used to continue product development and conduct human clinical trials. MTI’s CEO Eric Poma, PhD, was formerly Vice President of Business Development with ImClone Systems, which was purchased by Eli Lilly […] 

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  • Marinus Pharmaceuticals Raises $20 Million in Series B Financing

    April 10th, 2009 No comments

    Company to Advance Ganaxolone Program for the Treatment of Epilepsy BRANFORD, Conn., April 10 Marinus Pharmaceuticals, Inc., a developer of drugs to treat serious neurological and psychiatric disorders, today announced the close of a $20 million Series B financing. The funding comes on the heels of the Company’s recent announcement of positive Phase 2a data for ganaxolone as an adjunctive therapy in adults with partial onset seizures. The Series B financing included participation from all of Marinus’ existing investors, including Canaan Partners, Domain Associates, Sofinnova Ventures and Foundation Medical Partners. “We’ve made tremendous strides since our Series A financing, with the completion […] 

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  • J. Hilburn Secures Investment from Battery Ventures

    April 9th, 2009 No comments

    Custom Mens Clothier Delivers Luxury Products to Consumers for Half the Price of High-End Retailers Funds Will Fuel Expansion into New Cities and Product Lines DALLAS J.Hilburn a custom luxury men’s clothier, today announced that it has secured institutional financing from global VC firm Battery Ventures. J. Hilburn brings luxurious, high quality, personalized men’s apparel to the market at affordable prices through a combination […] 

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  • Cardiola raises $2+ million from existing investors

    April 9th, 2009 No comments

    Cash infusion is first tranche of ongoing $7+ million financing round The clinical evidence is substantial: our m.pulse system with Muscular CounterPulsation represents a whole new paradigm for successfully treating Chronic Heart Failure, non-surgically, in a patients home. Christof Lenz, CEO WINTERTHUR, Switzerland Cardiola AG announced today that it has raised $2.02 million (2.3 million Swiss francs) from existing investors. The cash infusion represents the first tranche of an ongoing $7.02 million (8 million […] 

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  • SpineGuard Raises $11 Million and Acquires PediGuard Business Unit from SpineVision

    April 9th, 2009 No comments

    SAN FRANCISCO & PARIS SpineGuard, a French medical device start-up, announced today that it has raised a first funding round of $11 million with Crédit Agricole Private Equity (lead), Innoven Partenaires (co-lead), and A Plus Finance. The company has used part of the proceeds to acquire the PediGuard unit from SpineVision. SpineGuard was advised on both transactions by Aelios Finance. Co-founded this year by Pierre Jérôme and Stéphane Bette, former […] 

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  • Basho Technologies, Inc. Closes on $2 Million Series B Preferred Investment Round

    April 8th, 2009 No comments

    Company to use funds to introduce its Basho Open SaaS Service to the market. CAMBRIDGE, Mass., April 8 Basho Technologies, Inc., today announced it has conducted an initial close of approximately $2 million on a Series B Preferred investment round. The company will use the funds for general corporate purposes and to commence sales of Basho Open. “This is an exciting accomplishment for Basho Technologies in an extremely difficult early stage investing environment,” said Earl Galleher, Chairman and CEO of Basho Technologies. “We are fortunate that Angel Investors are continuing to apply risk capital to good business models that solve real market problems.” Basho’s […] 

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  • Spark Capital Endorses Brownsberger-Jehlen Bill to Eliminate Non-compete Clauses in Massachusetts

    April 8th, 2009 No comments

    Non-compete Clauses Stifling the Emergence of Promising Young Companies BOSTON, April 8 Spark Capital, a venture capital firm with investments focusing on the conflux of the media, entertainment and technology industries, today officially endorsed House Bill Number 1794 lead-sponsored by State Representative William N. Brownsberger and State Senator Patricia D. Jehlen. The bill calls for the elimination of non-compete clauses in the Commonwealth of Massachusetts, which would prohibit the use of non-competition agreements mandated by employers that force employees to sign away their rights to engage in any business of a competitive nature when they leave their present jobs. “As a Boston venture […] 

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  • TouchCommerce Raises $10 Million From Sierra Ventures to Fuel Its Market Leading Online Interaction Solution

    April 8th, 2009 No comments

    AGOURA HILLS, Calif., April 8 TouchCommerce, a leader in the field of Pay for Performance Online Conversion, announced today it has raised $10 million in a financing led by new investor Sierra Ventures. The existing institutional investors Emergence Capital, Hudson Ventures, Dolphin Equity and Partech International participated in the financing as well. TouchCommerce’s CEO Bernard Louvat indicated, “I am pleased to add to our syndicate of investors a fund with the reputation and experience of Sierra Ventures. We are looking forward to working with their partnership to continue building leading edge technologies and services to allow our clients to engage their […] 

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  • Cianna Medical Completes Funding Round for SAVI Technology

    April 7th, 2009 No comments

    ALISO VIEJO, Calif. Cianna Medical announced today that it has successfully completed a funding round totaling more than $10 million. The funding will be used to further accelerate commercialization of the company’s proprietary SAVI™ technology for breast cancer brachytherapy. Participating in the funding round, the company’s second, were Emergent Medical Partners, Saints Capital, Mitsubishi International Corporation, and Fog City Fund (an initial investor in BioLucent), plus several […] 

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  • Pyxis Technology Raises $3.0M in Expansion Capital

    April 7th, 2009 No comments

    Leading EDA IC Routing Company Uses Capital to Introduce New High-performance Custom Routing Technology AUSTIN, Texas Pyxis Technology, Inc., an electronic design automation software (EDA) company that offers auto-routing software to developers of high-performance integrated circuits (ICs), has raised $3.0 million in financing to accelerate the deployment of its new High-performance Custom (HPC) routing product, NexusRoute-HPC. Investors participating in this financing include Austin Ventures, CMEA […] 

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  • OPX Biotechnologies Completes $17.5 Million Financing Round

    April 7th, 2009 No comments

    New Funds to Drive Biofuels and Green Chemistry Process Demonstration BOULDER, Colo. OPX Biotechnologies Inc., a bioproducts company, today announced the final closing of its B-round financing, raising $17.5 million to fund biofuels and green chemistry process development and demonstration. Braemar Energy Ventures led the financing. New OPX investor Altira Group LLC and earlier round participants MDV – Mohr Davidow Ventures and X/Seed Capital Management joined Braemar in this round. “Completing […] 

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  • Knewton Raises $6 Million Round of Funding Led by Bessemer Venture Partners and Accel Partners

    April 7th, 2009 No comments

    Series B Financing Fuels Market Expansion to Meet Growing Demand for Adaptive Learning Engine and Online Test Prep Services NEW YORK Knewton (www.knewton.com), a leading online educational company, today announced it has closed a $6 million Series B round of funding. Bessemer Venture Partners is leading this round alongside returning investors Accel Partners, First Round Capital, and angel investors such as Reid Hoffman (LinkedIn Founder & […] 

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  • Glam Media Raises Additional Capital in Private Strategic Financing from Mizuho–one of World's Leading Financial Institutions

    April 6th, 2009 No comments

    Glam Launches New Joint Venture in Japan with Top Agencies, Traditional Magazine and Newspaper Media Companies as Investors: Dentsu, ADK, Shogagukan, Syueisya and NikkeiBP Hubert Burda Media Makes Additional Round of Investment in Glam Germany Fueling Glam’s Continued Global Expansion SILICON VALLEY, Calif., TOKYO, and MUNICH, April 6 Glam Media, the #1 online vertical content network globally with more than 1,000 publishers, today announced that Mizuho Venture Capital, a subsidiary of Mizuho Bank, will make a substantial investment in Glam Media, Inc., the US parent company of Glam Media Japan KK and Glam Germany. Glam also announced a new joint venture for Glam Media Japan KK with investments […] 

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