For General Corporate Purposes: A Roundup of San Diego Startups Raising Capital

of a targeted $15 million round, according to a recent regulatory filing. While the company did not name investors in its latest funding round, existing investors include Qualcomm Ventures, Sanderling Ventures, 3i Group, and Intel Capital. The company has raised more than $36 million, including the latest funding.

—Chimeros, previously known as ChimeraCore, has raised $444,081 of $500,000 debt offering, according to a recent regulatory filing. Chimeros, which moved to San Diego from Santa Barbara in mid-2008, showed up in our under the radar deal list in November, when the biotech disclosed raising $611,246 in equity funding. Investors were not disclosed, although Chimeros appears as a portfolio company on the DFJ Frontier website, where it is described as a cancer therapeutics company developing nano-scale technology for the delivery of nucleic acids.

—NexMed (NASDAQ: [[ticker:NEXM]]) recently raised $4 million by issuing warrants or options to be exchanged at a future date for its securities, according to a recent regulatory filing. The life sciences company, which moved to San Diego following its buyout of Bio-Quant, a San Diego contract research organization (CRO), says in the filing that roughly $2.6 million of the proceeds was used to pay off previous indebtedness. The remaining proceeds from the offering will be used for general working capital. NexMed is developing transdermal drug delivery technology, which is intended to enhance the absorption of an active drug through the skin, allowing patients to avoid getting stuck with needles.

Pages: Page 1, Page 2

Author: Bruce V. Bigelow

In Memoriam: Our dear friend Bruce V. Bigelow passed away on June 29, 2018. He was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here. Bruce Bigelow joined Xconomy from the business desk of the San Diego Union-Tribune. He was a member of the team of reporters who were awarded the 2006 Pulitzer Prize in National Reporting for uncovering bribes paid to San Diego Republican Rep. Randy “Duke” Cunningham in exchange for special legislation earmarks. He also shared a 2006 award for enterprise reporting from the Society of Business Editors and Writers for “In Harm’s Way,” an article about the extraordinary casualty rate among employees working in Iraq for San Diego’s Titan Corp. He has written extensively about the 2002 corporate accounting scandal at software goliath Peregrine Systems. He also was a Gerald Loeb Award finalist and National Headline Award winner for “The Toymaker,” a 14-part chronicle of a San Diego start-up company. He takes special satisfaction, though, that the series was included in the library for nonfiction narrative journalism at the Nieman Foundation for Journalism at Harvard University. Bigelow graduated from U.C. Berkeley in 1977 with a degree in English Literature and from the Columbia University Graduate School of Journalism in 1979. Before joining the Union-Tribune in 1990, he worked for the Associated Press in Los Angeles and The Kansas City Times.