Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9fbb51eb-428e-48a5-a516-5b08eedb0448&Preview=1 Date 4/25/2013 Company Name HealthCare Impact Associates Mailing Address 229 Minnetonka Avenue South Minneapolis, MN 55391 Company Description HealthCare Impact Associates operates Health E(fx) – clarity, compliance, and control for health benefits under the Affordable Care Act. It is the clarity of decisions based on analyses of accurate and valid data. … Continue reading “HealthCare Impact Associates Garners $2,000,000 New Financing”
Category: Detroit
Esperion Therapeutics Secures $33,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=54581888-5aa9-4d47-8760-c047575de9e7&Preview=1 Date 4/25/2013 Company Name Esperion Therapeutics Mailing Address 46701 Commerce Center Drive Plymouth, MI 48170 Company Description Esperion Therapeutics, Inc. discovers and develops pharmaceutical products for the treatment of cardiovascular and metabolic diseases. Esperion intends to commercialize a novel class of drugs that focuses on a new treatment approach called HDL … Continue reading “Esperion Therapeutics Secures $33,000,000 New Funding Round”
Peoplematics Lands $118,000 Seed Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8b13a8f6-5590-43a9-9ebc-45c31dc30766&Preview=1 Date 4/25/2013 Company Name Peoplematics Mailing Address Undisclosed Chicago, IL 60607 Company Description Peoplematics helps employees find and securely share information across their personal cloud. Website http://www.peoplematics.com Transaction Type Accelerator Transaction Amount $118,000 Transaction Round Seed Proceeds Purposes The company will use the proceeds to accelerate its initial development. M&A Terms … Continue reading “Peoplematics Lands $118,000 Seed Funding”
SocialCrunch Obtains $118,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ca616580-3177-4904-a313-50950fc41a44&Preview=1 Date 4/25/2013 Company Name SocialCrunch Mailing Address Undisclosed Chicago, IL 60007 Company Description Society has changed. A generation of people have been educated using the web. They grew up with email. They are entertained by YouTube and Facebook. They do not buy newspapers. The TV is only on in the background. … Continue reading “SocialCrunch Obtains $118,000 New Funding Round”
Pathful Receives $118,000 Seed Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7d56285f-2f4d-48cd-9752-5659e9254ba6&Preview=1 Date 4/25/2013 Company Name Pathful Mailing Address Undisclosed Chicago, IL 60007 Company Description Pathful will tell you what page elements are driving conversion and engagement, and which are not. The great thing about web analytics is being able to measure what is happening on your site. The hard thing is figuring … Continue reading “Pathful Receives $118,000 Seed Round”
Project Fixup Garners $118,000 Seed Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=af69feca-9f22-4855-a05d-84b3c04a8ee8&Preview=1 Date 4/25/2013 Company Name Project Fixup Mailing Address 5807 S Woodlawn Ave Chicago, IL 60637 Company Description We make dating easier and more fun. Why? Because being single is a lot of work. You either spend your night out at a bar trying unsuccessfully to connect with someone new or inside … Continue reading “Project Fixup Garners $118,000 Seed Funding”
TradingView Receives $118,000 Seed Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ee02655f-69f1-4701-8166-a8f1d4e8a78a&Preview=1 Date 4/25/2013 Company Name TradingView Mailing Address 470 Olde Worthington Road Westerville, OH 43082 Company Description TradingView is an innovative venture by a group of developers and traders with experience of building trading software, who share a vision that trading technology should be easy, powerful and accessible to everyone. Website http://www.tradingview.com … Continue reading “TradingView Receives $118,000 Seed Financing”
HIPOM Lands $118,000 Seed Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bbfdd7ff-efbd-46c9-8470-b456606f8dd0&Preview=1 Date 4/25/2013 Company Name HIPOM Mailing Address Undisclosed Chicago, IL 60007 Company Description For parents who want to limit their kids’ access to the internet, HIPOM provides a cloud-based solution for controlling any individual device in the home. Website http://www.myhipom.com Transaction Type Accelerator Transaction Amount $118,000 Transaction Round Seed Proceeds Purposes … Continue reading “HIPOM Lands $118,000 Seed Financing”
SimpleRelevance Obtains $118,000 Seed Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6ee43a65-3f89-474f-aecc-fd2ab1e51601&Preview=1 Date 4/25/2013 Company Name SimpleRelevance Mailing Address 222 W Merchandise Mart Plaza 12th Floor Chicago, IL 60654 Company Description An email marketing platform, SimpleRelevance says its analytics-driven approach can improve revenue per message by 30-300 percent. Website http://www.simplerelevance.com Transaction Type Accelerator Transaction Amount $118,000 Transaction Round Seed Proceeds Purposes The company … Continue reading “SimpleRelevance Obtains $118,000 Seed Funding”
Seelio Raises $900K For Online College Student Network
The Ann Arbor-based startup Seelio, which has developed an online networking platform to help students and fledgling professionals showcase their talent, announced this week that it has raised $900,000 in seed financing. Contributing to the round are the Detroit-based First Step Fund, the state-administered Michigan Pre-Seed Capital Fund, and a group of angel investors, including Steve Fireng, … Continue reading “Seelio Raises $900K For Online College Student Network”
The Devil is in the Details: What BioPharma Press Releases Don’t Say
While my primary focus is on the research side of the business, I have to admit that for many biotechs, their survival may be tied to the art of the deal. Kevin Kinsella of Avalon Ventures shared his thoughts with Xconomy readers awhile back on the increasingly hard bargains that Big Pharma is extracting from … Continue reading “The Devil is in the Details: What BioPharma Press Releases Don’t Say”
Online Resources Will Upend the Textbook Industry
Can a free tablet app render traditional textbooks and publishers obsolete? Will new software for grading papers and short essays replace teachers? Education has experienced a wave of progress in recent times thanks to open education resources, online colleges and mobile computing. Not only have students and teachers benefited from access to resources, but even … Continue reading “Online Resources Will Upend the Textbook Industry”
Syncbak Receives New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8f515210-d3dd-433d-ba97-598a116841ff&Preview=1 Date 4/24/2013 Company Name Syncbak Mailing Address 5 Research Center Marion, IA 52302 Company Description Syncbak’s technology is currently being tested by more than 100 television stations in 70 markets across 31 broadcast groups representing all major networks, including CBS, ABC, FOX, NBC and The CW. Website http://www.syncbak.com Transaction Type Venture … Continue reading “Syncbak Receives New Funding”
AlertWatch Obtains $1,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=67020cca-a98b-4a39-8ff7-c3d29a2df7a1&Preview=1 Date 4/24/2013 Company Name AlertWatch Mailing Address 600 Huron Parkway Bldg 520 Ann Arbor, MI 48109 Company Description AlertWatch: OR is a secondary patient monitor for use in hospital operating rooms. AlertWatch aggregates data from multiple networks hospital IT systems and displays them at a central location. Once alerted, the clinician … Continue reading “AlertWatch Obtains $1,000,000 New Financing”
Canadian Software Firm Red Piston Happy to be in Detroit
Developing a mobile game featuring flying penises might not sound like prestigious work, but for Red Piston it was a pretty big deal. The Windsor, ON-based software company with a new Detroit office created “Dave and Chuck the Freak’s Kick-Ass Game” for the notorious local radio hosts Dave Hunter and Charles Urquhart. It quickly went … Continue reading “Canadian Software Firm Red Piston Happy to be in Detroit”
Kendall Square’s New Rules
With the events surrounding the Boston Marathon bombing last week, I have found it difficult to think about much else. Xconomy had previously invited me to write about the upcoming transformation MIT is bringing to Kendall Square. When it came time to sit down and write this piece, my first reaction was to pass. But … Continue reading “Kendall Square’s New Rules”
Biotech Execs Aren’t Ready to Prove Drugs Have Value, E&Y Says
The U.S. Supreme Court upheld the Affordable Care Act last year as constitutional. President Obama won re-election. After years of runaway spending on healthcare, the well established policy on healthcare in this country is that access needs to go up, and costs need to come down. While many other groups are coming to terms with … Continue reading “Biotech Execs Aren’t Ready to Prove Drugs Have Value, E&Y Says”
From Assets to Zen: Building Successful Drug Hunting Relationships
[Editor’s Note: This post was co-authored by Jessica Yingling, founder of Little Dog Communications.] A wise person once said, “Select your partner wisely. Because that person will be either 90 percent of your happiness or 90 percent of your misery.” While she presumably was referring to partners in love, this could also easily apply to … Continue reading “From Assets to Zen: Building Successful Drug Hunting Relationships”
U-M’s Student-Led Social Venture Fund Invests in Mytonomy
The University of Michigan’s student-run Social Venture Fund announced last week that it has invested in Mytonomy, an ed tech startup based in Washington, D.C. NewSchools Venture Fund led the round and Kapor Capital also participated. The Social Venture Fund makes early-stage investments of up to $100,000 in innovative socially or environmentally responsible companies. This is the third … Continue reading “U-M’s Student-Led Social Venture Fund Invests in Mytonomy”
A Biotech Innovation Supply Chain: Reality or Fantasy?
Biotech has always been a bit like an open-air market bazaar. Now the industry needs to become a little more stable, more predictable. It ought to be part of something you could call an “innovation supply chain.” At least, that’s the view of Noubar Afeyan, the managing partner of Cambridge, MA-based Flagship Ventures. Biotech is … Continue reading “A Biotech Innovation Supply Chain: Reality or Fantasy?”
Seelio Receives $900,000 Seed Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=602bf8d4-c635-4c67-a5ec-252cb16fb012&Preview=1 Date 4/22/2013 Company Name Seelio Mailing Address 505 E. Liberty St Ann Arbor, MI 48104 Company Description Seelio started with a visit to Scarlett Middle School in Ann Arbor, Michigan, for Portfolio Day – an event where students showcase themselves to professionals in the Ann Arbor community using a paper binder … Continue reading “Seelio Receives $900,000 Seed Financing”
Drifty Obtains $118,000 Seed Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8c3bdaac-4801-42e2-b148-8577bdff2a87&Preview=1 Date 4/20/2013 Company Name Drifty Mailing Address Undisclosed Madison, WI 53532 Company Description Drifty is a cloud based software company founded in 2012 by a close team of designers and developers, with a passion for building awesome tools that make it easier to create and develop for the web and mobile. … Continue reading “Drifty Obtains $118,000 Seed Round”
Venture Funding in Detroit Down in Q1, Still Higher Than 2011
According to MoneyTree data released today, first-quarter venture funding in southeast Michigan was down compared to the first quarter of 2012, though the deal count rose by one. Compared to last year, funding in Q1 2013 was down by almost two-thirds, with venture capitalists investing $17.6 million in 13 deals. However, 2012 was a record-high … Continue reading “Venture Funding in Detroit Down in Q1, Still Higher Than 2011”
When iMovie Isn’t Enough, Amateur Video Producers Can Go Pro
When you hear people in the tech world talking about “consumerization,” they’re usually referring to complex business software that’s been overhauled to look and feel more like personal technology. But consumerization is washing over other parts of the software market too. One of them is professional media creation and editing. Photoshop is a great example. … Continue reading “When iMovie Isn’t Enough, Amateur Video Producers Can Go Pro”
Venture Funding Slows as VC Industry Contracts, & Top 10 Deals List
Overall venture capital activity slowed in the U.S. during the first three months of 2013, with venture capitalists investing $5.9 billion in 863 deals nationwide, according to the MoneyTree Report released today. Compared with the previous quarter, VC funding was off nearly 12 percent and the deal count was down almost 15 percent. Venture firms … Continue reading “Venture Funding Slows as VC Industry Contracts, & Top 10 Deals List”
AlertWatch Offers New Way to Monitor Patients in the OR
Watching the real-time feed of AlertWatch patients in the operating room at the University of Michigan hospital is a hypnotic experience. In fact, CEO Justin Adams admits that at least one surgeon he knows watches it almost exclusively at home. AlertWatch makes software developed at U-M’s Venture Accelerator to monitor patients in the operating room, … Continue reading “AlertWatch Offers New Way to Monitor Patients in the OR”
Bootstrapping With A Paycheck
Entrepreneurs looking to launch their startups are often faced with myriad difficult decisions, chief among them being the question of seed financing. If you’ve ever found yourself asking, “How can I fund this?” or “Can I fund this on my own, while I’m still holding my current job?” the answer is yes—you absolutely can. Vasu … Continue reading “Bootstrapping With A Paycheck”
Cymbet Obtains $20,000,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=29a6dbb0-3afc-4002-a6b0-de43ed4a54d7&Preview=1 Date 4/18/2013 Company Name Cymbet Mailing Address 18326 Joplin Street NW Elk River, MN 55330 Company Description Cymbet Corporation is a privately held technology company that designs and manufactures thin film power backup devices such as rechargeable thin film batteries for semiconductor, sensor, medical and related electronic applications. The company has … Continue reading “Cymbet Obtains $20,000,000 New Round”
Coolhouse Labs: The Accelerator With a View of Lake Michigan
When you grow up in a quaint resort town on the hilly shores of Lake Michigan, moving back is always on your mind. So says Jordan Breighner, founder of Coolhouse Labs, a new tech startup incubator located in Harbor Springs, MI. “I moved away when I was 14 to Utah, and then I lived in … Continue reading “Coolhouse Labs: The Accelerator With a View of Lake Michigan”
When Hell Froze Over—in the Harvard Business Review
In my 21 years as an entrepreneur, I would come up for air once a month to religiously read the Harvard Business Review. It was not only my secret weapon in thinking about new startup strategies, it also gave me a view of the management issues my customers were dealing with. Through HBR I discovered … Continue reading “When Hell Froze Over—in the Harvard Business Review”
Welcome to Xperience, The New Consumer Section of Xconomy
It’s been a busy spring here at Xconomy. Last month we added a seventh city to our national network—Xconomy Boulder/Denver. And today we’re excited to announce Xperience, a new section designed to guide consumers to the best technologies for their lifestyles. You might have stumbled across Xperience already. We “soft-launched” the section on March 28 … Continue reading “Welcome to Xperience, The New Consumer Section of Xconomy”
StreamLink Software Lands $1,513,946 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e3bee01b-8871-4e64-9044-c7668c15df51&Preview=1 Date 4/17/2013 Company Name StreamLink Software Mailing Address 812 Huron Road Cleveland, OH 44115 Company Description StreamLink Software began as nonprofit executives saw a need for solutions to common management issues. When it became clear there was gap in quality, affordable products, StreamLink Software was formed to develop them. Website http://www.streamlinksoftware.com … Continue reading “StreamLink Software Lands $1,513,946 New Funding Round”
Michigan Startups Made Some Noise at SXSW Interactive
In the past, Michigan was well known for its automotive roots. With the turn of the century and the changing in the economy, Michigan adjusted and evolved into something I would have never guessed—a haven for software startups. More than ever, people from all over the world are seeing this change too, which was obvious … Continue reading “Michigan Startups Made Some Noise at SXSW Interactive”
Re-thinking Clinical Trials for the World of Crowdsourcing
Disruption isn’t a word normally associated with clinical drug development, but nevertheless it is coming. We can feel the rumblings of it. New technologies and technology-enabled techniques for productivity in mainstream business applications are slowly making their way into the clinic. There are signals that drug development is starting to catch up with the general … Continue reading “Re-thinking Clinical Trials for the World of Crowdsourcing”
Telematics Detroit 2013
The future of the connected car will be the main topic of conversation at this annual mobile technology event. Industry pioneers from the auto industry and beyond will be on hand to deliver presentations and network. Free passes to the expo floor are available to Michigan residents; click here to register. To learn more about … Continue reading “Telematics Detroit 2013”
MobiDevDay 2013
Hear a little bit about a wide range of topics related to the world of mobile technology during this one-day event. Mike Lee, legendary app developer, will deliver a special keynote address. Other topics include lessons from a project manager; giving your app a backend; programming in F# and C#; developing for Windows, iOS, and … Continue reading “MobiDevDay 2013”
Grow Detroit Meetup
How does a former gang member transform himself into nutritional company CEO, venture capitalist, and tech mogul? Find out at this meetup event sponsored by Grow Detroit, where the special guest will be Ryan Blair, CEO of the Troy-based ViSalus, which has grown to become the second largest weight loss company in the country. For details … Continue reading “Grow Detroit Meetup”
EcoMotors CEO Talks $200M Deal With Chinese Manufacturer
Last week, Allen Park, MI-based EcoMotors announced a $200 million deal with China’s Zhongding Power to build a manufacturing plant in Anhui Province. The plant will produce EcoMotors’ opposed piston opposed cylinder (“opoc”) engines, which the company says are cheaper to manufacture and will deliver up to 60 percent greater fuel efficiency than conventional engines at half the … Continue reading “EcoMotors CEO Talks $200M Deal With Chinese Manufacturer”
Rewarding High-Risk Innovation: The Case for Carried Interest
As Washington grapples with the deficit, nothing generates more emotion than tax “loopholes.” A priority “loophole” target in the budget that President Obama sent to Congress last week is the treatment of managers’ carried interest in private equity funds as capital gains, which he characterizes as “unfair” and the key reason for the low tax … Continue reading “Rewarding High-Risk Innovation: The Case for Carried Interest”
Strategies for Navigating the Life Sciences Capital Crunch
The need for innovation in healthcare has arguably never been greater. A range of factors, from aging world populations to rising standards of living in developing countries, are poised to drive long-run demand for innovative drugs, devices and medical technologies that can improve outcomes and reduce costs. Ironically, however, funding for healthcare innovation remains in … Continue reading “Strategies for Navigating the Life Sciences Capital Crunch”
Big Data Is BS in Healthcare. When Will It Become Real?
Tech entrepreneurs have been raving for a while now about big data changing the world, and it’s mostly bullshit. Venture capitalist Brad Feld made this point, more or less, when he was being purposely provocative at an Xconomy event last fall. As a biotech journalist, I wanted to cheer “Preach On, Brother Feld!” Doctors are … Continue reading “Big Data Is BS in Healthcare. When Will It Become Real?”
Redbrick Health Garners $13,999,579 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2f10ff48-c50e-44dc-b914-5b7599a304b5&Preview=1 Date 4/15/2013 Company Name Redbrick Health Mailing Address 920 Second Avenue South Minneapolis, MN 55402 Company Description RedBrick Health, led by the pioneers of Consumer-Driven Health Care, believes that the way to help people be healthy and ultimately control skyrocketing costs is to responsibly transition health care ownership to individuals via … Continue reading “Redbrick Health Garners $13,999,579 New Financing”
Shoutlet Obtains $1,797,430 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=33ce0558-e552-4aac-bba8-ffb9f1802c8a&Preview=1 Date 4/15/2013 Company Name Shoutlet Mailing Address 1 Erdman Place Madison, WI 53717 Company Description Shoutlet provides a centralized platform that helps companies manage and monetize their social media communication. Website http://www.shoutlet.com Transaction Type Venture Equity Transaction Amount $1,797,430 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory … Continue reading “Shoutlet Obtains $1,797,430 New Financing Round”
15 Appetizing Apps for People Who Love to Cook and Eat
Phones and food are a match cooked up in heaven. Sometimes it seems as if our mobile gadgets were specifically designed to mesh with our cooking and eating habits. After all, you don’t lug your desktop or laptop computer with you when you’re going out to a restaurant. When you want to find a great … Continue reading “15 Appetizing Apps for People Who Love to Cook and Eat”
Foursquare’s New Cash, New Focus: Why Local is So Damn Hard
Back in 2009, with the smartphone revolution just taking off, savvy app-makers started playing around with ways to use the iPhone’s GPS features, tracking where users are in real time. The sharpest among them, it turned out, wound up building little games that encouraged people to “check in” at places they visited in the real … Continue reading “Foursquare’s New Cash, New Focus: Why Local is So Damn Hard”
Stop Managing Your Career and Start a Company
First, a full confession. I have not read Sheryl Sandberg’s “Lean In.” I do have her book on my Kobo e-reader. I will read it this weekend. My fellow tech CEO friends highly recommend it. I know I am going to love it too. But my unintentional avoidance of “Lean In” (my “leaning out”?) goes … Continue reading “Stop Managing Your Career and Start a Company”
Who Says There’s No Such Thing as a Free Lunch? Not Danny Beckett
Danny Beckett, the co-founder and chairman of Free Lunch Friday, says his concept offering startups a monthly opportunity to break bread and connect without spending any of their hard-earned cash actually started in Michigan. Beckett, who was born and raised here, used to race motorcycles professionally, but his true passion has long been nurturing startups. … Continue reading “Who Says There’s No Such Thing as a Free Lunch? Not Danny Beckett”
Free Lunch Friday
The last Friday of every month is Free Lunch Friday, a chance for startups to break bread and network. Like the name suggests, this event is free to entrepreneurs and lunch is provided. This month’s speaker is Andy Didorosi of the Detroit Bus Company and Paper Street; click here for info and registration. Donations welcome.
Venture Deals Neared $7B in First Quarter, Up From 2012
We recently looked at which venture capitalists were raising money last quarter. Now we’ve got some insight into how they spent it. Research firm CB Insights says it tracked $6.9 billion in VC investments nationwide in the first quarter of this year, spread across 841 deals. Those totals represented a steady pace compared with the … Continue reading “Venture Deals Neared $7B in First Quarter, Up From 2012”
Walk.by Lands $650,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cb760ef0-1462-4be6-b4bc-4ce86dcea56b&Preview=1 Date 4/11/2013 Company Name Walk.by Mailing Address 600 West Chicago Chicago, IL 60654 Company Description Tell walkby what you want and get recommendations from boutique owners: When you use walkby, hundreds of local retailers will work to help you find what you want in real-time! It’s a human network. Looking for … Continue reading “Walk.by Lands $650,000 New Financing”