Advances in genomics, mobile technology, and data collection and analysis are poised to transform healthcare from drug development to patient care and hospital management. But what will it take to realize their promise in the age of the Affordable Care Act, and what does this require of payers, providers, and patients? How can we finally … Continue reading “The Healthcare Summit 2013: Precision Medicine to Precision Management”
Category: Detroit
Abodo.com Secures $325,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8a1a9d9d-ab1e-4289-9feb-2aa15e901289 Date 8/28/2013 Company Name Abodo.com Mailing Address P.O. Box 226 Madison, WI 53703 Company Description Abodo.com was founded in February 2012 for a very simple reason: apartment hunting in Madison, WI just plain sucked. As recent college grads – with more than 10 apartment hunts between us – we had far … Continue reading “Abodo.com Secures $325,000 New Financing”
Belly Secures $12,100,000 Series B Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=91bed467-36f4-435b-8bfc-6f8fb73b698c Date 8/28/2013 Company Name Belly Mailing Address 600 West Chicago Ave. Chicago, IL 60654 Company Description Belly is a universal loyalty program that customers can take with them anywhere! We’re spreading the love to your favorite places, enabling you to earn rewards wherever you go. Website http://www.bellycard.com Transaction Type Venture Equity … Continue reading “Belly Secures $12,100,000 Series B Round”
AutoHarvest Tapped by New Supply Chain Initiative to Lead Online Component
AutoHarvest, a Southeast Michigan-based nonprofit website that aims to connect the auto industry with entrepreneurs and inventors, announced this week that is has been selected to facilitate the online efforts the new National Supply Chain Network Initiative (NSNI) pilot program, which came out of the Clinton Global Initiative. Other partners in the regional pilot program … Continue reading “AutoHarvest Tapped by New Supply Chain Initiative to Lead Online Component”
Doggyloot Holdings Garners $2,500,000 Series A Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e22f6f44-72d4-4764-b42f-8bd8abd78492 Date 8/27/2013 Company Name Doggyloot Holdings Mailing Address 213 N. Racine Ave. Chicago, IL 60607 Company Description Doggyloot is the leading private sales site for pups and their people. We help dog-loving customers discover pooch-friendly products every day at up to 70% off with our exciting daily emails. Our customers give … Continue reading “Doggyloot Holdings Garners $2,500,000 Series A Financing Round”
Detroit’s Silith.IO Takes Its Mobile Collaboration Tool to Silicon Valley
Brian Clark, co-founder of Silith.IO, is on the adventure of a lifetime. A few weeks ago, he quit his full-time job, sold nearly everything he owned, and headed to San Francisco, his earthly possessions reduced to a suitcase and a laptop. Clark is in the Bay Area officially representing his company at the NewME accelerator, … Continue reading “Detroit’s Silith.IO Takes Its Mobile Collaboration Tool to Silicon Valley”
Why Good Drugs Sometimes Fail: The Bexxar Story
Quite a few biotech entrepreneurs go to work each day operating under the assumption that clinical trial data is king. If you put together a rock-solid dataset from a big clinical trial that says your experimental drug beats today’s standard of care, then you’re onto something big, or so the line of thinking goes. Everything … Continue reading “Why Good Drugs Sometimes Fail: The Bexxar Story”
Misfit Shine and the Pros and Cons of Wearable Fitness Trackers
I don’t like being encumbered. That’s why I stopped wearing a wristwatch years ago, around the time I got my first mobile phone. That’s also why I’ve long looked askance at activity-tracking bracelets like the Fitbit Flex, the Nike FuelBand, and the Jawbone UP. I liked the idea of having more data about my exercise … Continue reading “Misfit Shine and the Pros and Cons of Wearable Fitness Trackers”
WeMontage Secures $310,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c9dd04e9-176f-47eb-855b-df158833d537 Date 8/23/2013 Company Name WeMontage Mailing Address 1009 Derby Ln Neenah, WI 54956 Company Description WeMontage is a website for creative professionals to make large, custom photo collages on removable wallpaper. Use WeMontage to create stunning wall art for your clients. Website http://www.wemontage.com Transaction Type Venture Equity Transaction Amount $310,000 Transaction … Continue reading “WeMontage Secures $310,000 New Financing Round”
Stitch Together Your Micro-Videos With One Second Epic
Blame it on our narcissism or our latent desire to be Ansel Adams, but modern humans are crazy for tools that help them document their lives in pictures. But while still images hold incredible appeal, as Instagram’s 130 million active users would surely attest, the latest must-have apps focus on the ability to film and … Continue reading “Stitch Together Your Micro-Videos With One Second Epic”
Tissue Regeneration Systems Nabs $4.6M to Improve Facial Surgeries
Tissue Regeneration Systems, a startup with offices in Kirkland, WA and Ann Arbor, MI, has raised $4.6 million to see if it can come up with a product to make life a little easier for patients who need significant bone replacement as part of complex facial and jaw surgeries. The company has picked up its … Continue reading “Tissue Regeneration Systems Nabs $4.6M to Improve Facial Surgeries”
Agero Talks Analytics, Acquisitions After $530M Connected-Car Sale
How sexy is emergency roadside assistance, as a tech sector? Well, if you break down on a deserted road straight out of a Stephen King novel, you’ll be glad to get your car fixed and be on your way. Or if you’re involved in a serious accident, you’ll want help to arrive on the scene … Continue reading “Agero Talks Analytics, Acquisitions After $530M Connected-Car Sale”
Traycer Diagnostic Systems Secures $2,750,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4a4fb556-36a3-4f35-9c27-08f705ba8f2e Date 8/22/2013 Company Name Traycer Diagnostic Systems Mailing Address 1275 Kinnear Rd Columbus, OH 43212 Company Description Traycer Systems, Inc. has been a leader in terahertz (THz) knowledge since 2008, developing unique IP for the detection, imaging, & creation of THz light while gaining the attention of organizations such as Ohio … Continue reading “Traycer Diagnostic Systems Secures $2,750,000 New Financing Round”
tenKsolar Obtains $2,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7cbc78bb-ed1e-4b71-9059-1a5f8f4cbe8d Date 8/22/2013 Company Name tenKsolar Mailing Address 9549 Penn Ave S Minneapolis, MN 55431 Company Description tenKsolar designs, manufactures and markets the world’s most productive and reliable photovoltaic solutions. The tenKsolar RAIS Wave system combines RAIS PV modules, RAIS Wave Light-Smart reflectors and integrated racking into a repeating wave pattern yielding … Continue reading “tenKsolar Obtains $2,000,000 New Funding”
Personify Secures $2,587,193 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=769ebf59-bfc6-4faf-be33-302c0ac5d43d Date 8/22/2013 Company Name Personify Mailing Address 220 W. Huron St. 6th Floor Chicago, IL 60654 Company Description Personify’s mission is to deliver a radically improved video experience that is more immersive, compelling, and intuitive than existing video technology. Website http://www.personifyinc.com Transaction Type Venture Equity Transaction Amount $2,587,193 Transaction Round Undisclosed … Continue reading “Personify Secures $2,587,193 New Funding Round”
Betterfly Secures $1,000,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=69e124e5-d419-4f3e-98e4-a4d7c15374ea Date 8/22/2013 Company Name Betterfly Mailing Address 600 W. Chicago Ave Chicago, IL 60654 Company Description Betterfly is the world’s most diverse marketplace for people who want to better themselves and others. We connect talented individuals, known as Betterists, directly with the people who want their skills – making it easy … Continue reading “Betterfly Secures $1,000,000 New Financing Round”
Traycer Diagnostic Systems Obtains $5,000,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4a4fb556-36a3-4f35-9c27-08f705ba8f2e Date 8/22/2013 Company Name Traycer Diagnostic Systems Mailing Address 1275 Kinnear Rd Columbus, OH 43212 Company Description Traycer Systems, Inc. has been a leader in terahertz (THz) knowledge since 2008, developing unique IP for the detection, imaging, & creation of THz light while gaining the attention of organizations such as Ohio … Continue reading “Traycer Diagnostic Systems Obtains $5,000,000 New Round”
Roundup: Motozuma Opens Detroit Office, WSU Student Ventures Snag Funding
A few items to catch up on around town: —Motozuma has reportedly opened up an office in Detroit. The Naperville, IL-based startup allows users to set up free online savings accounts where they can put money towards a new car and invite friends and family to help contribute. Motozuma users are rewarded for their savings … Continue reading “Roundup: Motozuma Opens Detroit Office, WSU Student Ventures Snag Funding”
Mobile Monday Detroit
Mobile Monday Detroit is a monthly meetup group devoted to hot topics in mobile technology. In September, the topic of discussion will be mobilizing education. To register, click here.
50 Founders
50 Founders is an ongoing, monthly series inspired by Chris Dixon’s Founder Stories series in TechCrunch. This month, the guests are Kevin Krease and Garret Koehler, founders of Action Sports Detroit, the team behind the X Games Detroit bid. For tickets, click here.
Champion Medical Technologies Garners New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=223f0d3f-c132-4817-86ad-d182ec135777 Date 8/21/2013 Company Name Champion Medical Technologies Mailing Address 765 Ela Road Lake Zurich, IL 60047 Company Description In 2012, Champion Medical Technologies was awarded a Chicago Innovation Award for their real-time recall matching system, RecallConnect®. With a focus on innovation, Champion will continue to revolutionize medical device life cycle management. … Continue reading “Champion Medical Technologies Garners New Financing”
U-M’s TechStart Interns Help Guide University Startups to Market
By day, Mark Maynard is the marketing manager for the University of Michigan’s Office of Technology Transfer. After hours, he dedicates a big chunk of his time to overseeing the university’s TechStart internship program, which is just finishing its 13th year. Each summer, TechStart takes a handful of U-M’s best and brightest graduate students from … Continue reading “U-M’s TechStart Interns Help Guide University Startups to Market”
Cleversafe Obtains $55,000,000 Series D Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a943c884-0af3-4734-925b-fe1f076ad9c6 Date 8/20/2013 Company Name Cleversafe Mailing Address 222 South Riverside Plaza Chicago, IL 60606 Company Description Cleversafe is committed to storing the world’s data. It’s an ambitious goal, but one we think can be achieved through the open source development of innovative and useful technology. Website http://www.cleversafe.com Transaction Type Venture Equity … Continue reading “Cleversafe Obtains $55,000,000 Series D Round”
Hatch Detroit’s Hatch Off
The winner of the 2013 Hatch Detroit new retail contest will be announced at the Hatch Off event, which is free and open to the public. Vote for the four finalists online until Aug. 28. The $50,000 winner will be determined by 50 percent popular vote and 50 percent Hatch Detroit judges.
Ann Arbor’s Kontextual Helps Build Transparent, Metric-Driven Companies
Kurt Skifstad was serving as the entrepreneur-in-residence at RPM Ventures when an angel investor brought a new enterprise technology platform called Kontextual to Skifstad’s attention and asked for his input on whether he thought it was a worthwhile investment. “What [Kontextual] had was really interesting, but not ready to go to market,” he explains. Skifstad … Continue reading “Ann Arbor’s Kontextual Helps Build Transparent, Metric-Driven Companies”
Who Should Biotech Pros Follow on Twitter? An Update for 2013
[Updated: 12:07 pm PT] Twitter is where the biotech industry comes to trade news, analysis, and gossip every day. This has been true for a couple years. The 140-character blogging platform just keeps gaining strength every day as more people join, more people figure out how they can contribute in a meaningful way, and more … Continue reading “Who Should Biotech Pros Follow on Twitter? An Update for 2013”
Biotech VCs, Stung by Startup Returns, Elbow into Royalty Financing
The new landscape for venture capital investing does not seem to leave much room for classic company formation. Investor after investor has shut down or moved beyond startups into what seem like greener pastures. So it should come as no surprise that at least a few VC firms are now expanding into the royalty space, … Continue reading “Biotech VCs, Stung by Startup Returns, Elbow into Royalty Financing”
High-Speed Rail or Hyperloop? Let’s Try Both, and Reward the Winner
It’s been a bumpy week for high-speed rail advocates in California. On Sunday, the Los Angeles Times published a story saying that groundbreaking on the first section of the “bullet train” route linking L.A. and San Francisco will likely slip into 2014—more than two years behind schedule. Then on Monday, aerospace and automotive mogul Elon … Continue reading “High-Speed Rail or Hyperloop? Let’s Try Both, and Reward the Winner”
Agero, Pride of Medford, Sells Texas Business to SiriusXM for $530M
An interesting automotive deal today involves people and companies in at least three states. Medford, MA-based Agero is selling off its connected-vehicle business, based mostly in Irving, TX, to radio broadcaster Sirius XM, based in New York City. The price tag is $530 million in cash, and the deal is expected to close in the … Continue reading “Agero, Pride of Medford, Sells Texas Business to SiriusXM for $530M”
Talking TechTown’s Reboot, Detroit’s Robustness With Charlie Moret
Charlie Moret, the TechTown business incubator’s new managing director of technology-based entrepreneurship, says he’s a lifelong “intrapreneur.” His passion has always been innovating, but he’s often been doing it from inside a broader organization. That’s a major reason why, when given the opportunity to reboot TechTown’s programs and take them back to their high-technology roots, … Continue reading “Talking TechTown’s Reboot, Detroit’s Robustness With Charlie Moret”
Ablative Solutions Secures $705,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5b15622c-a9d2-4ffe-8071-a5a795025597 Date 8/15/2013 Company Name Ablative Solutions Mailing Address 350 East Michigan Avenue Kalamazoo, MI 49007 Company Description Ablative Solutions’ technology involves endovascular catheters to provide an efficacious, durable, cost-effective and safe alternative to surgical renal denervation for the treatment of hypertension and other diseases caused by an overactive sympathetic nervous system. … Continue reading “Ablative Solutions Secures $705,000 New Financing”
NxThera Garners $18,200,000 Series C Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=70fb4653-0abd-4b1a-a5cd-d47c7846cd2b Date 8/15/2013 Company Name NxThera Mailing Address 7351 Kirkwood Lane N Maple Grove, MN 55369 Company Description NxThera develops medical technologies to treat a variety of endourology conditions, including BPH. The company’s technology platform utilizes a simple, minimally invasive, vapor therapy designed to measurably improve urinary flow and patient quality of … Continue reading “NxThera Garners $18,200,000 Series C Funding Round”
Wayne State University Breaks Ground on Advanced Technology Education Center
Late last month, Wayne State University broke ground on a new Advanced Technology Education Center (ATEC) in Warren, MI. It’s one of three new facilities Wayne State has planned in Macomb County. The 40,000-square-foot facility will offer programs focused primarily on engineering, computer science, supply chain management, and advanced manufacturing complementary to industries already located … Continue reading “Wayne State University Breaks Ground on Advanced Technology Education Center”
Survey: VCs Less Confident in Global Markets, Look to Home Turf
Private-market investors tend to be an optimistic bunch, at least in public—it comes with the territory when you’re betting on unknown or unproven companies and their founders. But a new survey of market confidence from the National Venture Capital Association shows a pretty dour outlook in several cases from VC, private equity, and growth equity … Continue reading “Survey: VCs Less Confident in Global Markets, Look to Home Turf”
AvantCredit Secures $20,000,000 Series B Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3ef5449e-1e68-4146-8a31-d0f6e30eec9d Date 8/14/2013 Company Name AvantCredit Mailing Address 640 N. La Salle Dr Chicago, IL 60654 Company Description At AvantCredit we believe if you have a steady income, even with less than perfect credit, you shouldn’t have to resort to expensive short-term credit options. We look at a number of factors when … Continue reading “AvantCredit Secures $20,000,000 Series B Financing”
StyleSeek Obtains $750,000 Series A Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e1d8a494-05bb-4a69-9e68-e64376e357f0 Date 8/14/2013 Company Name StyleSeek Mailing Address 321 N Clark Chicago, IL 60654 Company Description Founded by two MIT graduates and a FIDM professor, StyleSeek is a personalized style discovery site. Its team of software engineers and creative professionals has developed a platform that integrates recommendation technologies, lifestyle blogs, and e-commerce. … Continue reading “StyleSeek Obtains $750,000 Series A Round”
Detroit’s Igniteless Courted by TV, Nears Finals in Walmart Contest
We published an article in July about Orlando Robinson, a Detroit entrepreneur who has used tragedies that have affected his family and community as the inspiration to create life-saving inventions. Igniteless, Robinson’s latest invention, is a smoke alarm that can send a radio-transmitted signal to turn off an unattended stove if food starts burning before a … Continue reading “Detroit’s Igniteless Courted by TV, Nears Finals in Walmart Contest”
Blue Spark Technologies Receives $2,234,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=95e4d6c8-1df5-4ee0-b56f-abb8309bcdf2 Date 8/13/2013 Company Name Blue Spark Technologies Mailing Address 806 Sharon Drive Westlake, OH 44145 Company Description Blue Spark Technologies, Inc. is the leader in developing flexible, printed, green, proprietary power source solutions for battery-powered printed electronic systems. Website http://www.bluesparktechnologies.com Transaction Type Venture Equity Transaction Amount $2,234,000 Transaction Round Undisclosed Proceeds … Continue reading “Blue Spark Technologies Receives $2,234,000 New Financing”
Six Reasons Why Giving Scientists Big Bonuses Won’t Fix Pharma R&D
Scientists in the biotech and pharmaceutical industry are an underappreciated bunch. They make decent salaries, but nowhere near the big bucks that go to their bosses. Even when an industry scientist discovers a new drug that helps people and makes billions, he or she almost never gets publicly recognized. They live mostly anonymous middle class … Continue reading “Six Reasons Why Giving Scientists Big Bonuses Won’t Fix Pharma R&D”
SilkRoad Technology Lands $16,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=22df7dcf-11ba-453e-810c-9364c987d644 Date 8/12/2013 Company Name SilkRoad Technology Mailing Address 20 West Kinzie Street Chicago, IL 60654 Company Description SilkRoad technology, inc. specializes in talent management solutions that offer a unique blend of systems and services that enable companies to gain competitive advantage through optimum alignment of employee performance with organizational goals. Website … Continue reading “SilkRoad Technology Lands $16,000,000 New Funding”
The Geek Doesn’t Always Get the Girl: A Novelist on Hacking Romance
In today’s Silicon Valley, the hacker wunderkinds are ascendant. Boy-kings are running billion-member social networks, founding massive new venture capital firms, building incubators that churn out hundreds of new startups every year, and even fighting poverty and disease by drilling for water in Ethiopia. Materially, at least, their revenge on whatever high-school cliques once excluded … Continue reading “The Geek Doesn’t Always Get the Girl: A Novelist on Hacking Romance”
In Memoriam: Duane Roth Was a Driving Force in Our Innovation Economy
Duane Roth was a very special person to me and to the San Diego life sciences community. After he took over as the CEO of Connect at the end of 2004, he took on a larger role for the entire technology community—or as Duane would call it, the “Innovation Economy.” For Duane, San Diego has … Continue reading “In Memoriam: Duane Roth Was a Driving Force in Our Innovation Economy”
CrossChx Garners New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d307b21f-ab0c-4ab9-b151-3ecb67131c3e Date 8/9/2013 Company Name CrossChx Mailing Address 100 East Broad Street Columbus, OH 43215 Company Description CrossChx develops and deploys real-time behavioral intelligence solutions to prevent medical identity fraud and to fight prescription drug abuse. CrossChx was launched with support from the Ohio General Assembly, the Governor’s Office of Health Transformation, … Continue reading “CrossChx Garners New Funding Round”
Roadtrippers Obtains New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9946cc2c-fcde-4ab3-b6dc-6d3dd1c78487 Date 8/9/2013 Company Name Roadtrippers Mailing Address Undisclosed Cincinnati, OH 45201 Company Description The first complete road travel planner. Roadtrippers goes beyond basic driving directions and inspires people on where to go and what to do along the way. Website http://www.roadtrippers.com Transaction Type Venture Equity Transaction Amount Undisclosed Transaction Round Undisclosed … Continue reading “Roadtrippers Obtains New Funding Round”
Saturday Event is Culmination of Niantic Labs’ Fascination with Detroit
John Hanke used to run Keyhole, the company whose 3D map browser became Google Earth, and then he led Google’s Geo team, refining location-based products for the tech giant. Then, a few years ago, Hanke went to Google founder Larry Page and told him he was thinking of leaving the company to work on a … Continue reading “Saturday Event is Culmination of Niantic Labs’ Fascination with Detroit”
Understanding Open Science
The dream of getting to cures, faster, is one shared by many. But every new instrument we’ve invented to examine the human body has shown us only more complexity and interconnection. The failure of all of our new technologies to translate rapidly into drugs has demonstrated that we’re the folks in the parking lot looking under the lamppost … Continue reading “Understanding Open Science”
Aisle50 Lands $2,600,000 Series A Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bebd29f1-8c2b-4c94-9f75-d6d9e5669bc6 Date 8/8/2013 Company Name Aisle50 Mailing Address Undisclosed Chicago, IL 60601 Company Description Aisle50 was formed in 2011 by a secret cabal of grocery shoppers tired of 10-cent coupons, 30-page newspaper fliers and hard-to-use coupon websites. The goal: bring to the people one exceedingly excellent grocery deal every day. These deals … Continue reading “Aisle50 Lands $2,600,000 Series A Financing”
Detroit’s Grand Circus Wants to Nurture Local Community’s Tech Talent
Part technology, business, and design training institute; part co-working space; and part event space, Grand Circus is the Quicken Loans family’s newest tool in Detroit to “elevate the tech profile of the community,” says co-founder Brad Hoos. It’s widely acknowledged that there’s a huge shortage of developer talent in Detroit, and Grand Circus’s organizers want … Continue reading “Detroit’s Grand Circus Wants to Nurture Local Community’s Tech Talent”
Mobile Monday Detroit
The topic of this month’s tech meetup will be augmented reality. Speakers include Steve Peterson from DAQRI, Ali Al-Aasm from Red Piston, and attorney Brian Wassom. To register, click here.
Lost in Translation: The Novice’s Guide to BioPharma Idioms
Many fields of endeavor have their own special words, abbreviations, and coded language. People working in each of these disciplines learn over time how to use certain phrases that describe items or situations in the best possible light. In real estate listings, for example, a house will never be designated as “small.” Instead, it might … Continue reading “Lost in Translation: The Novice’s Guide to BioPharma Idioms”