Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d15e5bb3-3672-4e15-bf95-416b777cb2b6&Preview=1 Date 6/27/2012 Company Name GloStream Mailing Address 1050 Wilshire Dr. Troy, MI 48084 Company Description GloStream was founded by two software developers who met on a Web site dedicated to the exchange of IT projects over the Internet. The two technology professionals with a gift for translating ideas into technological reality … Continue reading “GloStream Receives $2,145,000 New Round”
Category: Detroit
Cymbet Obtains $600,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8f1c9618-75c7-49b1-afff-9b6f22509a02&Preview=1 Date 6/27/2012 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 $600,000 New Financing Round”
Top Detroit Tech Companies Launch Program to Beef Up Talent
It’s a criticism that’s often heard in Michigan tech circles: The biggest challenge in growing the local IT sector is a glaring lack of talent. It’s not that we don’t produce people capable of filling the many open tech jobs here, it’s that we have a hard time keeping them in the state. A new … Continue reading “Top Detroit Tech Companies Launch Program to Beef Up Talent”
Tangent Medical Technologies Garners $3,375,004 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ecb9d62e-c598-4879-8b99-14d8c1016fb5&Preview=1 Date 6/26/2012 Company Name Tangent Medical Technologies Mailing Address 8170 Jackson Road Ann Arbor, MI 48103 Company Description Tangent Medical Technologies, Inc., is a development stage medical device development company formed in 2009 as a spinout from the University of Michigan’s Medical Innovation Center fellowship program. Website http://www.tangentmedical.com Transaction Type Venture … Continue reading “Tangent Medical Technologies Garners $3,375,004 New Financing Round”
Kapow Events Obtains $700,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0300d67a-deba-4820-991f-dd1e696cb49d&Preview=1 Date 6/26/2012 Company Name Kapow Events Mailing Address 211 W Wacker 2nd Floor Chicago, IL 60606 Company Description Kapow is a unique event marketplace where business professionals responsible for planning team building, client entertainment and company events can get access to exclusive promotions, venues, ideas and custom event development. Kapow members … Continue reading “Kapow Events Obtains $700,000 New Round”
CloudOne Obtains $1,700,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1153bad5-ee4f-449d-847c-e0c4f82eba74&Preview=1 Date 6/26/2012 Company Name CloudOne Mailing Address Undisclosed Chicago, IL 60601 Company Description CloudOne delivers all the benefits of the Rational software development tools you already rely on, with the added value of an elastic, on-demand model. You gain a global collaboration platform to support distributed development for every phase of … Continue reading “CloudOne Obtains $1,700,000 New Funding Round”
“Like” It? Now You Can Also Want It (And Tell Your Network)
A new startup called Want aims to take the “Like” button one step further. Based in Farmington Hills, MI, and backed by the Camelot Venture Group, Want has created a Facebook-integrated social button for online retailers that enables consumers to track what they want to buy while spreading the word across their social network. “People … Continue reading ““Like” It? Now You Can Also Want It (And Tell Your Network)”
Clash of the BioPharma Titans Looms Over Biosimilars
Fights between powerful combatants form the foundation of many mythological tales. In the epic film Clash of the Titans, Perseus, the mortal son of Zeus, must kill the monstrous Kraken before it can annihilate his beloved Princess Andromedra and the citizenry of Joppa. Perseus heroically decapitates the dreaded Gorgon Medusa to obtain the most powerful … Continue reading “Clash of the BioPharma Titans Looms Over Biosimilars”
Arroweye Solutions Garners $3,000,000 Series B Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c7f6b07d-3722-438e-bea4-5d7bcf8d436d&Preview=1 Date 6/25/2012 Company Name Arroweye Solutions Mailing Address 549 West Randolph Street Chicago, IL 60661 Company Description Arroweye Solutions is at the forefront of this customization revolution and we’re committed to changing the paradigms and putting the wow back into customer experiences. We offer a full suite of enhanced, personalized gifting … Continue reading “Arroweye Solutions Garners $3,000,000 Series B Funding”
New Venture for Food Entrepreneurs
TechTown offers a practical, hands-on business development program helps entrepreneurs hone the skills needed to launch a successful food business. Sessions will be held on July 10, 17, 24, 31; August 7; and September 4, 11, 18, 25. Cost is $200. For information, click here. Applications are due June 2.
“The Realm of Agennul” Kickstarter Lauch Party
All are invited to the unveiling of this video game and the Kickstarter campaign to fund its development. Free and open to the public.
Pitch StartupSOUP
Pitch your business for a chance to win $1,500 from TechTown, the door kitty, and five workshop vouchers at TechTown. Nominations are due by August 3. For registration, click here.
Can We Be Too Connected? A Harvard Scholar Explores Interoperability
If you’re fond of delicious ironies, as I am, there’s a new book that will leave you positively gorged. It’s called Interop: The Promise and Perils of Highly Interconnected Systems, and last week I got to speak with one of its authors, Harvard Law School professor John Palfrey. The central irony that fascinates Palfrey and … Continue reading “Can We Be Too Connected? A Harvard Scholar Explores Interoperability”
Flex Biomedical Garners $881,668 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=807ba129-ca91-4404-af21-c872b19da562&Preview=1 Date 6/21/2012 Company Name Flex Biomedical Mailing Address 555 D’Onofrio Drive Madison, WI 53719 Company Description Flex Biomedical’s lead product is a synthetic polymer, the Flex Polymer, designed to treat osteoarthritis, an incurable joint disease that affects millions around the world. Website http://www.flexbio.com Transaction Type Venture Equity Transaction Amount $881,668 Transaction … Continue reading “Flex Biomedical Garners $881,668 New Funding Round”
MitoStem Wins Big at GLEQ; Stays Hopeful About Future of Detroit Biotech
The winner of the top prize at last week’s Great Lakes Entrepreneur’s Quest (GLEQ) competition was TechTown tenant and Wayne State University spin-off company MitoStem. Jim Eliason, the founder and CEO of MitoStem, says he’s thrilled with the win, and will use the $100,000 prize to build the business and marketing side of the regenerative … Continue reading “MitoStem Wins Big at GLEQ; Stays Hopeful About Future of Detroit Biotech”
Valence Health Secures $30,000,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=91529338-bded-49ec-abb3-a64e304e56e2&Preview=1 Date 6/20/2012 Company Name Valence Health Mailing Address 600 West Jackson Blvd Chicago, IL 60661 Company Description Valence Health delivers patient-centered, data-driven solutions so providers can achieve optimal reward for quality care. Website http://www.valencehealth.com Transaction Type Venture Equity Transaction Amount $30,000,000 Transaction Round Undisclosed Proceeds Purposes The funds will be used … Continue reading “Valence Health Secures $30,000,000 New Financing Round”
eMerge Health Solutions Obtains $850,000 Seed Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0cb1924e-b590-4f8c-8261-e29013af0705&Preview=1 Date 6/20/2012 Company Name eMerge Health Solutions Mailing Address 6000 Mason Montgomey Road Mason, OH 45040 Company Description eMerge has command-driven voice templates for operative note, nursing, pathology and pharmaceutical documentation modules suitable for ambulatory surgery centers, operating rooms, emergency rooms, hospital floor nursing needs and nursing homes. Website http://www.emergeendo.com Transaction … Continue reading “eMerge Health Solutions Obtains $850,000 Seed Financing Round”
Astia and Inforum on Pulling Women Into MI’s Entrepreneurial Ecosystem
I was talking to a female entrepreneur recently. I can’t say who because, in that self-effacing way that women do so well, she had reservations about criticizing Michigan’s entrepreneurial ecosystem without the protection of anonymity. She suggested I look up a picture of the recent winners of the Great Lakes Entrepreneur’s Quest to see that only … Continue reading “Astia and Inforum on Pulling Women Into MI’s Entrepreneurial Ecosystem”
Join Us Today for a Tweetchat at Noon ET/9 am PT With Katrine Bosley
Katrine Bosley is having a pretty good year. She was the CEO of Bedford, MA-based Avila Therapeutics when the company was acquired by Celgene for $350 million upfront in January. OK, six months have gone by since that big event. Did she sip a few mai tais on some Carribbean island, recharge her batteries, and … Continue reading “Join Us Today for a Tweetchat at Noon ET/9 am PT With Katrine Bosley”
Biotech Wasn’t Immune to Job Loss in Great Recession, BIO Report Says
The biotechnology industry is often held up by public officials as an engine for producing lots of high-skill, high-wage jobs. But bioscience-based industries shed thousands of jobs in the Great Recession, and industry employment still hasn’t completely recovered to the pre-recession levels of 2007, according to a new economic analysis. Biotech, which was defined broadly … Continue reading “Biotech Wasn’t Immune to Job Loss in Great Recession, BIO Report Says”
Kiva Detroit, MEDC Partner to Grow and Replicate Microlending Model
Kiva Detroit, Kiva’s first domestic microlending initiative—and the country’s first community-led microlending program—spent its first year focused on growing the social network of lenders and community volunteers on the ground actively recruiting small businesses in need of a loan. Now, it will partner with the Michigan Economic Development Corporation (MEDC) to build capacity and, if … Continue reading “Kiva Detroit, MEDC Partner to Grow and Replicate Microlending Model”
Three Good Things About BIO 2012, and Four Not-so-Good
People from all over the world are gathering in Boston today to talk about biotech dreams. Like most years at the Biotechnology Industry Organization’s international convention, at least 15,000 people are expected to come together to pursue those dreams in a variety of ways. You can count on lots of selling, schmoozing, cheerleading, prognosticating, attention-seeking, … Continue reading “Three Good Things About BIO 2012, and Four Not-so-Good”
Augment Ventures’ Vijayargiya Feels Bullish About Midwestern Cleantech
Sonali Vijayargiya is back in Michigan after representing Midwestern VCs in the U.S. Department of Energy’s (DOE) National Clean Energy Business Plan Competition, which was held as part of the Obama administration’s Startup America Initiative. She’s the founder and managing director of Augment Ventures, an Ann Arbor, MI-based venture firm that invests in cleantech and IT startups that aim to … Continue reading “Augment Ventures’ Vijayargiya Feels Bullish About Midwestern Cleantech”
Join Us for BIO Tweetchat at 12:30 pm ET with John Maraganore
[Updated: 7:07 am ET 6/18] One year ago, I felt the need to say that Twitter was no fad, that it was truly here to stay in biotech. Now it has become such a mainstream tool for information sharing in biotech that I’ve decided to do some of my bigger interviews next week on the … Continue reading “Join Us for BIO Tweetchat at 12:30 pm ET with John Maraganore”
Can Your Friends Bribe You to Get Healthy? Neuroscience Says Yes
HealthRally is a company that Paul McCartney would understand well. It’s all about getting a little help from your friends. A little help making health-related changes, that is—like quitting smoking, losing weight, or adhering to an exercise program. There’s plenty of science to suggest that these goals are easier to achieve when a person has … Continue reading “Can Your Friends Bribe You to Get Healthy? Neuroscience Says Yes”
SI Detroit
Metro Detroit’s software and Internet entrepreneurs are invited to this networking event that also features a panel discussion with Patrick McCabe of Greenlancer, Stacey Goldberg of Savorfull, Henry Balanon of Detroit Labs, and Greg Schwartz of UpTo. For details and registration, click here.
The Art of Online Networking
Keith Zendler, founder of the online social networking platform PeopleMovers, will discuss the advantages and disadvantages of networking and “meeting” in cyberspace. For info and registration, click here.
A123 Talks New Battery Tech, New Hires, and More Focus on Grid Storage
Waltham, MA-based A123 Systems, the lithium-ion battery manufacturer with operations in Michigan, announced new advances in its battery technology yesterday that could have a significant impact on the company’s penetration in the transportation, grid storage, and telecommunications markets. Though A123 Systems has had a few struggles lately, most notably layoffs and a first-quarter loss of $125 million in revenue, … Continue reading “A123 Talks New Battery Tech, New Hires, and More Focus on Grid Storage”
Venture for America Unveils First Fellows Bound for Detroit, Other Cities
Venture for America believes that attracting talented college graduates to cities grappling with unemployment may help jumpstart those local economies, and now it’s moving forward with its mission to do just that. Last night the New York-based nonprofit debuted its first class of 41 fellows and the companies they will work for across country. Ten … Continue reading “Venture for America Unveils First Fellows Bound for Detroit, Other Cities”
GoHealth Garners $50,000,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=68a61c5e-29de-49cf-aad8-4b432325d952&Preview=1 Date 6/13/2012 Company Name GoHealth Mailing Address 214 W. Huron Street Chicago, IL 60654 Company Description GoHealth is the nation’s most complete online portal for finding health insurance coverage. We’ve helped more than 2 million consumers compare health insurance quotes and purchase individual coverage online, through our agent network, or directly … Continue reading “GoHealth Garners $50,000,000 New Round”
Metabolic Solutions Announces New Findings in Diabetes Treatment
Kalamazoo, MI-based Metabolic Solutions Development Company, a company formed to develop drugs and discover new molecular targets in the treatment of insulin resistance, spent the weekend in Philadephia for the American Diabetes Association conference. While there, company officials presented findings about a newly discovered protein complex through which anti-diabetic drugs exert their insulin-sensitizing effects, says Metabolic Solutions … Continue reading “Metabolic Solutions Announces New Findings in Diabetes Treatment”
JOBS Act: Important Benefits for Startups Not on the IPO On-Ramp
The JOBS Act is probably best-known for creating an “IPO on ramp” intended to reduce the cost and complexity of going public, but the act also contains important benefits for startups that are years away from an IPO, or never plan to go public. By loosening decades-old restrictions on private fundraising, permitting a new financing … Continue reading “JOBS Act: Important Benefits for Startups Not on the IPO On-Ramp”
Roadtrippers Lands $250,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7d680c99-fc7b-4bde-b13c-526d486041ff&Preview=1 Date 6/12/2012 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 $250,000 Transaction Round Undisclosed … Continue reading “Roadtrippers Lands $250,000 New Round”
Lemonade Day Detroit Teaches Kids Entrepreneurship
Ellisa Hill, age 9, dreams of being a doctor and is a big fan of Judy Blume books. She’s also interested in being an entrepreneur, which is why she was manning a booth in Eastern Market and selling lemonade along with her brother, William, and her parents, Jill and Bill. Ellisa was one of thousands … Continue reading “Lemonade Day Detroit Teaches Kids Entrepreneurship”
Ready or Not, Genomics is Coming to a Hospital Near You
First came genomics for scientists. Then came genomics for Big Pharma. But this year, at a faster pace than many industry insiders anticipated, we’re seeing genomics enter the world of real-life care for patients. This idea would have sounded like science fiction a couple years ago. It took researchers 13 years and about $3 billion … Continue reading “Ready or Not, Genomics is Coming to a Hospital Near You”
Open Kernel Labs Receives $446,310 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9afb4e6b-6911-42f1-93c8-e3aa380d6076&Preview=1 Date 6/11/2012 Company Name Open Kernel Labs Mailing Address 200 South Wacker Drive 15th Floor Chicago, IL 60606 Company Description OK’s open-source microkernel operating system, OKL4, offers the highest proven performance plus IP rights protection in order to provide developers with a robust, open-source platform for building secure, differentiated embedded applications. … Continue reading “Open Kernel Labs Receives $446,310 New Round”
SonarMed Secures $585,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c531f712-18cb-4da3-b598-f6502d2ba32e&Preview=1 Date 6/11/2012 Company Name SonarMed Mailing Address 5513 West 74th Street Indianapolis, IN 46268 Company Description SonarMed develops innovative products for critical care medicine. The company’s products will improve the clinical care of patients and reduce healthcare costs. Website http://www.sonarmed.com Transaction Type Debt Transaction Amount $585,000 Transaction Round Undisclosed Proceeds Purposes … Continue reading “SonarMed Secures $585,000 New Funding Round”
Ford’s Sustainability Roadmap: From EVs to a Future Beyond Cars
When Dan Kapp, Ford’s director of power-train research and advanced engineering, came through San Diego a week or so before Christmas, he told me the first all-electric Focus cars would arrive here in time for Valentine’s Day. Yesterday, the Focus EV road show came through town again as part of a promotional tour ahead of … Continue reading “Ford’s Sustainability Roadmap: From EVs to a Future Beyond Cars”
Sakti3 Founder Sastry to Step Down From U-M
Detroit Xconomist Ann Marie Sastry, founder and CEO of the advanced battery startup Sakti3, has announced that she is stepping down from her post at the University of Michigan, where she has served as the Arthur F. Thurnau Professor of Mechanical Engineering, Biomedical Engineering, and Materials Science and Engineering. Sastry will be honored at a … Continue reading “Sakti3 Founder Sastry to Step Down From U-M”
The TV Revolution Will Be in Slow-Mo, Says Flingo CEO
Henry Blodget, the CEO and editor-in-chief of Business Insider, argued in a column this week that the television industry could suffer a sudden revenue collapse as consumers shift their TV viewing to on-demand, Internet-mediated services like Netflix and iTunes. Blodget thinks network and cable executives are in denial about the danger—just as newspaper publishers were … Continue reading “The TV Revolution Will Be in Slow-Mo, Says Flingo CEO”
Thoughts on Civic Pride, German Journalists, and Serendipity in Detroit
I’ve had the pleasure of spending some time lately with Lu Yen Roloff, a German journalist visiting Detroit, gathering information for radio and magazine pieces about the state of social entrepreneurship in our city. If nothing else, she learned something about the social serendipity that seems to hide in every corner of Detroit, waiting to … Continue reading “Thoughts on Civic Pride, German Journalists, and Serendipity in Detroit”
Shoutlet Receives $15,000,000 Series C Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=598df31d-d85e-4917-bb3e-d1a3e0d4dfcd&Preview=1 Date 6/7/2012 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 $15,000,000 Transaction Round Series C Proceeds Purposes This funding will enable Shoutlet to … Continue reading “Shoutlet Receives $15,000,000 Series C Financing”
Emerging Challenges of Prostate Cancer Drug Development
The world’s largest cancer meeting of scientists, physicians and industry has just ended in Chicago. The annual meeting of the American Society of Clinical Oncology (ASCO) attracted over 30,000 attendees to hear leading experts on the latest in cancer drug development. From what I heard at ASCO, biotechnology and pharmaceutical companies with new prostate cancer … Continue reading “Emerging Challenges of Prostate Cancer Drug Development”
Rapid Diagnostek Receives $4,635,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2ed3fef3-0875-4f07-a2f2-adb49c4d28b5&Preview=1 Date 6/6/2012 Company Name Rapid Diagnostek Mailing Address 1301 Gateway Circle Hudson, WI 54016 Company Description Rapid Diagnostek is utilizing proprietary technology to develop a new generation of in vitro diagnostic tests through the use of our patented RFPS (radio frequency phase shift) detection technology and our disposable IntelliProbe Immunosensor (IPI). … Continue reading “Rapid Diagnostek Receives $4,635,000 New Funding Round”
WellFount Obtains $2,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=da1e0cd6-8875-4dec-8442-e2b843dbdc9f&Preview=1 Date 6/6/2012 Company Name WellFount Mailing Address 5751 W 73rd St Indianapolis, IN 46278 Company Description The InSite Remote Dispensing System is the first medication management system designed to meet the unique challenges of long-term care facilities like yours. It enables timely, pharmacist-approved, on-demand medication dispensing right at your facility. Website … Continue reading “WellFount Obtains $2,000,000 New Funding”
WellFount Garners $2,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=da1e0cd6-8875-4dec-8442-e2b843dbdc9f&Preview=1 Date 6/6/2012 Company Name WellFount Mailing Address 5751 W 73rd St Indianapolis, IN 46278 Company Description The InSite Remote Dispensing System is the first medication management system designed to meet the unique challenges of long-term care facilities like yours. It enables timely, pharmacist-approved, on-demand medication dispensing right at your facility. Website … Continue reading “WellFount Garners $2,000,000 New Financing”
Rubicon Genomics Launches New DNA Amplification Technology
Late last month, Ann Arbor-based Rubicon Genomics launched its new ThruPlex technology, which uses enzymology to repair and amplify DNA molecules in samples that were previously too small or too degraded to be tested. Rubicon CEO James Koziarz describes the technology as a front end for “next generation sequencing.” ThruPlex can be used with samples as small as … Continue reading “Rubicon Genomics Launches New DNA Amplification Technology”
ASCO Wrap-Up: A Summary of This Week’s Cancer R&D Headlines
There’s so much going on in the world of cancer drug R&D that it’s hard to keep up with all the news about drugs that are changing the standards of care. And quite a few of those standards are changing, based on a quick rundown of what was new at this year’s American Society of … Continue reading “ASCO Wrap-Up: A Summary of This Week’s Cancer R&D Headlines”
Student-Led Wolverine Venture Fund Invests in Sonitus Medical
The Wolverine Venture Fund, a $5.5 million fund led by students at the University of Michigan, announced last week that it joined Arboretum Ventures in a $25 million Series A investment in Sonitus Medical, a California-based medical device company. This is the second time the Wolverine Venture Fund has invested in Sonitus Medical. This time around, the … Continue reading “Student-Led Wolverine Venture Fund Invests in Sonitus Medical”
Building Bridges in a New Global Health Landscape
[Editor’s note: This article is adapted from a speech given at PATH’s annual Breakfast for Global Health on May 22, 2012.] Today I begin a new chapter in my life as president and CEO of the global health organization PATH. Why has this business and social entrepreneur, IP attorney, and human rights activist made this … Continue reading “Building Bridges in a New Global Health Landscape”