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  • Heptares Secures GBP21 Million in Series A Fund Raising to Accelerate Development of Pipeline of Small Molecules Against High-Value GPCR Drug Targets

    February 24th, 2009 No comments

    Syndicate Comprises Leading Sector Investors Clarus Ventures, MVM Life Science Partners and Novartis Option Fund LONDON, February 24 Heptares Therapeutics Ltd, the drug discovery company focused on drugs targeting G-protein-coupled receptors (GPCRs), announces today it has raised GBP21 million (US$30 million) of equity finance in a successful Series A private round from three blue-chip international venture capital firms. Clarus Ventures led the syndicate, which includes the founding investor, MVM Life Science Partners, and the Novartis Option Fund. All three investors contributed equally. Michael Steinmetz for Clarus Ventures and Anja Koenig for the Novartis Option Fund have joined the Heptares Board of Directors as non-executive directors. Over […] 

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  • Eiger BioPharmaceuticals Raises $7.1 Million 'A' Round

    February 24th, 2009 No comments

    Funding to advance novel Hepatitis C Virus (HCV) therapies against new targets PALO ALTO, Calif., Feb. 24 Eiger BioPharmaceuticals, Inc., a start-up biotechnology company developing antiviral therapies, announced that it has raised $7.1 million in a Series A financing co-led by InterWest Partners and Vivo Ventures. The two firms were instrumental in the formation of the company and recruitment of its team and are represented on the board of directors by general partners Nina Kjellson and Dr. Edgar Engelman, respectively. The funding will advance the company’s lead program targeted against NS4B, a specific region in the hepatitis C virus (HCV) protein, as well as progress lead identification for other proprietary […] 

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  • Tech Coast Angels Companies Receive More Than $1B

    February 23rd, 2009 No comments

    30 TCA Portfolio Companies Secure More Than $75M in 2008 LOS ANGELES Tech Coast Angels (TCA), the largest angel network in the United States, today announced that more than $1B has been invested in TCA-funded companies since the groups inception in 1997. TCA members have personally invested more than $99M and venture capital firms and other private equity investors have contributed more than $960M. The number of companies financed by Tech Coast Angels members was up last year over 2007. In 2008, companies received more than $75M in 15 first-time financings and 16 follow-on rounds from TCA members and affiliated investors, compared with 12 first-time and 14 follow-on rounds completed […] 

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  • Genocea Biosciences Closes $23 Million Series A Financing, Names Vaccine Veteran Staph Leavenworth Bakali CEO

    February 19th, 2009 No comments

    Performance Exceeds Plan & Proceeds to Fund Next Phase of Expansion CAMBRIDGE, Mass. Genocea Biosciences, a vaccine discovery and development company, today announced that it has raised a $23 million Series A financing led by SR One, the corporate venture arm of GlaxoSmithKline [GSK]. New investors Auriga Partners, Cycad Group, and Alexandria Real Estate Equities also participated in the financing and were joined by returning founding investors Lux Capital Management, Polaris Venture Partners and Morningside Ventures. Novel prophylactic and therapeutic vaccines are one of the most important unmet needs in global health, said SR-One Ltd President Russell Greig. Genocea has a one-of-a-kind technology, strong business model, and outstanding […] 

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  • Portero Closes $6.6 Million Venture Capital Funding

    February 19th, 2009 No comments

    Performance Exceeds Plan & Proceeds to Fund Next Phase of Expansion NEW YORK Portero, Inc., the leading online market platform for authentic branded luxury goods, announced today that it closed $6.6 million in venture capital funding. The funding round was led by LFE Capital, based in Minneapolis, with the participation of existing Portero shareholders, including The Grosvenor Fund. Portero has experienced tremendous year-over-year revenue growth in the midst of a challenging economic environment. This capital will allow us to enhance our customer shopping experience and to expand the selection of authenticated luxury branded items featured on the site, said Bob Schwartz, Chief Executive Officer of […] 

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  • Jasper Design Automation Raises $7 Million in Series D Funding

    February 18th, 2009 No comments

    Round Led by ZenShin Capital Will Drive Further Expansion in Wireless, Consumer, and Microprocessor Markets MOUNTAIN VIEW, Calif. Jasper Design Automation, leading EDA provider of design, verification, and reuse solutions leveraging formal technologies, today announced it has raised $7 million in Series D financing. The investment round was led by new investor, ZenShin Capital of Menlo Park. Joining the financing were existing investors: Accel Partners, Cambrian Ventures, Foundation Capital, InnovationsKapital, and Northzone Ventures. The funds will provide working capital to support Jaspers self-sufficient operations and continued market and product expansion. Customers deploy Jaspers design and verification solutions to mitigate project risks, reduce labor costs, and shorten schedules, said […] 

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  • Formatta Closes $3 Million in Funding

    February 18th, 2009 No comments

    Software Industry Veteran Grant Wagner Named CEO FAIRFAX, Va. Formatta, a leading provider of E-Forms data capture and integration software solutions, today announced it has closed $3 million in financing from existing investor Edison Venture Fund and Silicon Valley Bank. The company has now raised more than $7 million over the course of the past year. Formatta will use the funding to grow and execute its channel strategy, increase its market visibility and position through new messaging, and further product development. Concurrent with its new funding, Formatta also announced that software industry veteran Grant Wagner has joined the company as President and CEO. Up to 70% of the […] 

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  • ePlanet Ventures Invests in FOI

    February 18th, 2009 No comments

    SAN JOSE, Calif. ePlanet Ventures, the worlds leading global venture capital firm headquartered in Silicon Valley, California, has announced investment in FOI, a leading Japanese semiconductor equipment maker specializing in etching equipment with original competitive plasma technologies. The Company is based in Kanagawa, Japan. FOI focuses on etching equipment, which is technically the most difficult part of the semiconductor manufacturing process and is the single largest capital investment for the semiconductor makers. Etching is used repeatedly to develop layers of electrical circuitry that is horizontally stacked on top of each other. FOIs proprietary technology enables them to deliver significant value to its customers over its […] 

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  • ePlanet Ventures Invests in Sree Ramcides

    February 18th, 2009 No comments

    SAN JOSE, Calif. ePlanet Ventures, the worlds leading global venture capital firm headquartered in Silicon Valley, California, announced an investment in one of the Indias leading agro chemical companies, Sree Ramcides Chemicals Private Limited. The Companys products are primarily used in the crop protection and plant health & nutrients space. We believe that Indian agro companies will significantly grow in the coming years in spite of the global recession due to increasing food demand, lower usage of crop chemicals and lower crop acreage, says ePlanet Ventures Managing Director, Chandrasekar Kandasamy. Ramcides, being one of the leaders in the manufacture of crop protection chemicals and plant health & […] 

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  • NanoBio Corporation Raises $12 Million in Series B Financing

    February 18th, 2009 No comments

    ANN ARBOR, Mich., Feb. 18 NanoBio Corp., a biopharmaceutical company developing dermatological products, anti-infective treatments and intranasal vaccines, announced today that it has acquired $12 million in series B equity financing with Perseus LLC and other existing investors. To date, over $80 million in funding has been directed toward the development of the company’s NanoStat(TM) technology platform. The series B funding will be used by the company to complete a phase 1 study investigating a novel topical treatment for acne, preclinical studies on a nebulized therapy for cystic fibrosis, and a phase 1 study for an intranasal seasonal influenza vaccine. This funding follows several recent […] 

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  • COPAN Systems Announces an Additional $18.5m in Funding

    February 17th, 2009 No comments

    Investment Positions Company to Extend Leadership Position in Persistent Data Storage Market and Increase Customer ROI LONGMONT, Colo. COPAN Systems, the industry leader in cost-effective storage solutions for the protection and management of persistent data, today announced that it has secured $18.5 million in new capital financing. The round was led by new investor Westbury Partners and includes participation from existing COPAN Systems investors Austin Ventures, Globespan Capital Partners, Firstmark Capital and Credit Suisse. The funding will help expand the companys product development, sales, marketing and channel efforts globally and build on its success in the enterprise data storage market. Todays enterprise data centers are […] 

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  • CampusExplorer.com Secures Series B Funding to Expand Its College Web Search Portal

    February 17th, 2009 No comments

    More Students Turn to Online Resources as Public Schools Cut Guidance Programs; Comprehensive School Database Enables Prospective Students to Find Their Perfect Fit SANTA MONICA, Calif., Feb. 17 CampusExplorer.com, the most comprehensive college search portal on the web, announced today that it has secured $2.25 million in Series B funding led by Chicago-based OCA Ventures, along with Origin Ventures and existing investor Rincon Venture Partners of Santa Barbara, CA. CampusExplorer.com provides both traditional and adult students with free interactive search tools to help them choose the right institution to best meet their post secondary educational goals. Its comprehensive database houses information ranging from curriculum and […] 

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  • Phreesia Secures $11.6 M Series C Funding Led by BlueCross BlueShield Venture Partners and Sandbox Industries

    February 17th, 2009 No comments

    NEW YORK Phreesia, the Patient Check-In Company, the leader in patient-intake, announced today the close of an $11.6 million investment, bringing total investment to date to $25 million. BlueCross BlueShield Venture Partners, L.P., a corporate venture fund of the BlueCross BlueShield Association, and Sandbox Industries led the round, joining existing investors Polaris Venture Partners, HLM Venture Partners, and Long River Ventures. As part of the investment, Paul Brown, Managing Director of BlueCross BlueShield Ventures, Inc. and Matthew Downs, Managing Partner of Sandbox Industries will join the Phreesia board of directors. This investment by BlueCross BlueShield Venture Partners and Sandbox Industries is a validation of Phreesias successful growth […] 

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  • Oasys Closes $10 Million Financing

    February 17th, 2009 No comments

    Developing ultra-low cost seawater desalination and water treatment CAMBRIDGE, Mass. Oasys Water, Inc., the leading developer of Engineered Osmosis (EOTM) desalination and water treatment technology, today announced the close of a $10 million Series A round of financing. Lead investors included Massachusetts based Flagship Ventures and Advanced Technology Ventures (ATV), as well as Silicon Valley firm Draper Fisher Jurvetson (DFJ). Oasys plans to use the funds for the development of its commercial platform aimed at reducing the need for large amounts of costly electricity for producing clean drinking water from seawater and other non-potable water and wastewater sources. Water shortages are no longer a far-away […] 

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  • KYTHERA BIOPHARMACEUTICALS Secures Additional $10M

    February 17th, 2009 No comments

    Financing follows positive Phase II data in two clinical trials LOS ANGELES KYTHERA BIOPHARMACEUTICALS, Inc. (KYTHERA), a privately-held biotechnology company focused on developing and commercializing novel products in aesthetic dermatology, announced that its investors elected early to exercise their rights to invest an additional $10 million as part of a $40 million Series C financing. All existing investors participated, including Versant Ventures, ARCH Venture Partners, Prospect Venture Partners, BBT Capital Management/Apothecary Capital, JAFCO, PFM, and Altitude Life Science Ventures. This additional investment commitment, combined with our existing cash reserves, increases KYTHERAs financial strength and enables us to advance the clinical development of KYTHERAs two clinical stage compounds and […] 

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  • KRG Capital Partners Completes Investment in Federal Flange, Ltd.

    February 17th, 2009 No comments

    Acquisition Represents Third Platform for KRGs Fund IV DENVER KRG Capital Partners (KRG), a Denver-based private equity firm, announced that it has completed an investment in Federal Flange, Ltd. (Federal), a leading specialty manufacturer of oilfield hardware including flanges and related components and accessories. KRG completed the acquisition of Federal by bridging the entire transaction with KRGs fund capital and will be conducting the debt financing of the Company post closing. Federal is the third platform company for KRGs $1.96 billion Fund IV. We are very excited to be partnering with the management team at Federal to support the growth of this great company, noted […] 

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  • ViVOtech Closes an $8.6m Extension to its Series C Round of Funding

    February 17th, 2009 No comments

    SANTA CLARA, Calif. Silicon Valley-based ViVOtech, the leading infrastructure provider for Contactless and Near Field Communication (NFC) mobile payments and promotions, announced today that it has closed an $8.6m extension to its Series C round of funding from its existing investors, bringing the total investment in its series C round to more than $40m. By making such a significant investment in these difficult times our investors continue to demonstrate their belief and commitment in the vision of contactless and mobile payments and promotions, and their continued trust that ViVOtech is the company that can best execute and deliver on this vision, said Michael Mullagh, ViVOtech CEO. This […] 

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  • Inventory Management Leader Yieldex Secures $8.5M in Series B Financing

    February 16th, 2009 No comments

    Madrona Venture Group Leads Round with Amazon.com, Sequel Venture Partners, and First Round Capital Participating Yieldex Moves Headquarters to New York City from Boulder, CO NEW YORK Yieldex, which provides advanced inventory management and forecasting technology solutions for addressable media, announced today the close of its Series B round of financing. The financing round of $8.5 million was led by Madrona Venture Group. New investor Amazon.com and prior investors Sequel Venture Partners and First Round Capital also participated in the B round. Yieldex also announced that they are moving their company headquarters from Boulder, Colorado to New York City. This will situate them at the center […] 

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  • Emergent Game Technologies Raises $12.5 Million in New Funding

    February 16th, 2009 No comments

    Investors Cite Runaway Budgets, the Liquidity Crisis and the Imminent Launch of New Technology as Creating Opportunity for Emergent CALABASAS, Calif. Emergent Game Technologies, an acknowledged leader in the fast growing middleware market as the supplier of Gamebryo technology, which speeds the development of video games, has closed more than $12.5 million in a new round of funding. Emergents Gamebryo development environment reduces risk for every type of video game, from casual games to high performance AAA titles that push the capabilities of todays consoles and multi-core computers. Use of the Emergent platform allows developers to assign engineering staff, artists, designers and programmers to higher […] 

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  • Michigan Pre-Seed Capital Fund Invests in 3 More Michigan Start-Ups

    February 16th, 2009 No comments

    ANN ARBOR, Mich., Feb. 16 Three more Michigan start-up companies received investment commitments in January through the Michigan Pre-Seed Capital Fund. To date, 30 Michigan companies have received critical seed funding through the Michigan Pre-Seed Capital Fund, a collaborative effort of Michigan’s 12 SmartZones. “It’s a myth that businesses aren’t starting up right now and finding funding in this economy,” said Skip Simms, administrator, Michigan Pre-Seed Capital Fund. “Innovative businesses with a solid business plan are attracting funding and choosing Michigan to locate and grow. The Michigan Pre-Seed Capital Fund is a significant resource in helping companies in the critical start-up phase with funding needed to take […] 

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  • Vontoo Voice Marketing Secures $2 Million in Funding Led by EDF Ventures

    February 16th, 2009 No comments

    Company Skyrocketing Despite Weak Economy and is Currently Hiring in Sales and IT Development INDIANAPOLIS Vontoo, Inc., a world-class voice marketing provider, announced today it received $2 million in funding; a half million dollars more than subscribed. Venture capital firm EDF Ventures led the round of funding, more than doubling their original investment. Vontoo is one of the most exciting companies in marketing right now, said Mary Campbell, Managing Director, EDF Ventures. We’re delighted to be a part of its promise. The companys impressive growth comes at what might seem like an unlikely time, during an economic downturn. But Vontoo is proving that […] 

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  • Celerus Diagnostics Secures $5 Million Series C Financing

    February 12th, 2009 No comments

    CARPINTERIA, Calif. Celerus Diagnostics, the rapid cancer diagnostics company, today announced the completion of $5 million in financing by private investors. “We’re delighted with the first closing of our Series C financing,” said Dave Gross, newly named Chief Executive Officer of Celerus Diagnostics. “With this additional investment, we will further address market demand for rapid IHC (immunohistochemistry) testing and accelerate the commercialization of our onboard heating solution for the Celerus Wave.” The Celerus Wave System is the first and only solution to deliver precise, standardized histology and cytology results in 15 minutes. Intra-operative frozen tissue sections now undergo IHC staining regularly using the Wave System. […] 

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  • Security Innovator AlertEnterprise Receives $8 Million in Series A Funding From Opus Capital

    February 11th, 2009 No comments

    FREMONT, Calif. AlertEnterprise, the technology leader in access controls and security, announced it has secured $8 million in Series A financing from Opus Capital, a leading early-stage venture capital firm in Menlo Park, CA. AlertEnterprise is a pioneer in the convergence of physical access control and IT systems and the recent recipient of the SAP TechEd 2008 Demo Jam Award. With its flagship AlertAccess and AlertAction products, AlertEnterprise monitors and detects potential security threats, enabling real-time response. These solutions allow enterprises to automate, track and audit rules-based access to physical locations and IT applications, providing global control, security and enforcement of governing policies, practices and regulations. […] 

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  • Vuzit Starts Year with Fresh Funding

    February 11th, 2009 No comments

    PHILADELPHIA, Feb. 11 Brent Matzelle, CEO & Founder of Vuzit, announced today that the company received funding from a mix of angel investors and economic development organizations, including Robin Hood Ventures, Innovation Philadelphia and Ben Franklin Technology Partners of Southeastern Pennsylvania. Vuzit, located at the Science Center in Philadelphia, was part of the inaugural DreamIt Ventures program. Their flagship technology is an online document viewer and SaaS-based security application designed to provide a more secure method to share and store sensitive documents that today are often distributed by e-mail. Vuzit won the “Most Innovative Product or Service” from the Ben Franklin Emerging Business Awards competition […] 

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  • Pontis Secures $19.65 Million in Equity Financing Led by Norwest Venture Partners

    February 10th, 2009 No comments

    GLIL YAM, Israel Pontis Ltd, a developer of software marketing systems for Communication Service Providers (CSPs), today announced that it has secured a total of $19,650,000 in equity financing. Norwest Venture Partners (NVP) led the funding round, which included investments from current shareholders Sequoia Capital, Accel Partners and Evergreen Venture Partners. As a part of the investment, Dror Nahumi, partner at NVP, will join Pontis board of directors. The Pontis Marketing Delivery Platform (MDP) for mobile, TV and fixed line operators is the only real time fulfilment and execution system for personalized and contextual marketing offers across platforms and channels. The Pontis solution has been proven to […] 

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  • FetchDog.com Announces $4 Million Financing to Power Market Development and Expand Executive Team

    February 9th, 2009 No comments

    Company Names Claude P. Sheer, Ziff-Davis, Beliefnet.com and MenuPages.com Media Veteran, CEO PORTLAND, Maine FetchDog.com, a leading online destination for dog owners to shop, learn and socialize, announced today that it has closed a $4 million round of funding led by Borealis Capital Partners and Harbor Light Capital Partners. In addition to its internet site, FetchDog publishes a popular catalog for dog supplies, a $35+ billion market in the United States. With this funding, FetchDog.com will continue to dramatically expand the scope of its product and service offerings, said David E. Shaw founder and chairman of the company, and founding CEO of IDEXX Laboratories and Ikaria Holdings. FetchDog.coms unique combination […] 

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  • E-mail Security Innovator Sendio Raises $3 Million in Series B Venture Capital Funding

    February 9th, 2009 No comments

    Athenian Venture Partners joins existing investors to fund market expansion of E-mail Security Platform IRVINE, Calif.Sendio, Inc., an innovative e-mail security company with solutions that incorporate the human element to totally eliminate spam and e-mail threats in the enterprise environment, announced today it secured $3 million in Series B funding from lead investor Athenian Venture Partners, along with previous institutional investors Vicente […] 

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  • Telepresence Leader Teliris Receives $11 Million in New Capital From Fidelity Ventures and Columbia Capital

    February 9th, 2009 No comments

    Investment Will Help Drive Telepresence Innovation and Market Leadership As Telepresence Deployments Continue to Grow NEW YORK, Feb. 9 Teliris, the leading provider of telepresence solutions, announced today it has secured $11 million in new equity capital from Fidelity Ventures, Columbia Capital and an additional strategic investor. This investment is in addition to the Fidelity Ventures and Columbia Capital initial $40 million funding in 2007. Teliris will use the additional funding to capitalize on increased demand for its current products and services, as well as fund research and development (R&D) projects. “Teliris has secured the leading position in both innovation and deployments within the telepresence industry,” said […] 

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  • SynergEyes, Inc. Raises $13.3 Million in 'Series C' Financing

    February 6th, 2009 No comments

    CARLSBAD, Calif., Feb. 6 SynergEyes, Inc., the high Dk hybrid contact lens manufacturer, announced today the closing of $13.3 million in Series C financing to fund the development and clinical trials for next-generation hybrid contact lens products and to expand sales and marketing efforts globally. De Novo Ventures of Palo Alto, CA, led this round as well as SynergEyes’ Series B round. Bio-Star Private Equity Fund joined Series A and B investors: Alloy Ventures, Delphi Ventures, InnoCal Venture Capital and Windward Ventures as a new investor. Based in Carlsbad, CA, SynergEyes has developed a new type of contact lens that combines two materials — a rigid […] 

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  • F. Morgan Rodd, Jr. Joins Milestone Venture Partners as Partner

    February 4th, 2009 No comments

    New Funding to Support the Geographic Expansion of Commercial and Government Business; Industry Veterans John Robert Wallace and Stan Change Join the Board of Directors NEW YORK Milestone Venture Partners, an early-stage venture capital firm, today announced the addition of its fourth General Partner, F. Morgan Rodd, a ten-year veteran of the venture capital industry. Rodd previously served as Vice President of New Ventures at E*TRADE Group, Inc. where he co-led a six person team in making investments for a $210 million venture fund. In 2003, the fund spun out of E*TRADE and became ArrowPath Venture Partners. Rodd, in his capacity as Co-Managing Partner, guided a team […] 

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