ShopKeep Leverages iPad to Disrupt Point-of-Sale System Incumbents

The way retailers handle purchases is changing rapidly because of electronic payments, New York-based ShopKeep is betting it can help push this evolution even further. The so-called point of sale is no longer limited to traditional cash registers built around PC-based hardware and software. Companies such as startup Own Point of Sale in San Francisco … Continue reading “ShopKeep Leverages iPad to Disrupt Point-of-Sale System Incumbents”

Ventrus Struggles to Reassure Street After Loss of Hemorrhoid Drug

When New York-based Ventrus Biosciences went public in December 2010, the promise that the company might have the first FDA-approved prescription drug to treat hemorrhoids sent the stock from $6 to as high as $21 a share, before it settled into a trading range of $10 to $12. So when Ventrus (NASDAQ: [[ticker:VTUS]]) announced on … Continue reading “Ventrus Struggles to Reassure Street After Loss of Hemorrhoid Drug”

NPS Rejiggers Amgen Deal, Sees $75M Extra Cash

Bedminster,NJ-based NPS Pharmaceuticals (NASDAQ: [[ticker:NPSP]]) said today it had amended its licensing agreement with biotech giant Amgen (NASDAQ: [[ticker:AMGN]]) for sales of cinacalcet HCl (Sensipar), a drug used to treat secondary hyperparathyroidism. NPS originally licensed the drug to Thousand Oaks, CA-based Amgen in 1996 and gets a 10 percent royalty on sales, which totaled $894 million in 2011. … Continue reading “NPS Rejiggers Amgen Deal, Sees $75M Extra Cash”

David Tisch and Others See Opportunities, Caveats with Kickstarter

The federal JOBS Act will make it easier for novice investors to use crowdfunding platforms to make actual equity investments in startups, rather than just donating money, as they can now through sites like Kickstarter. But with any crowdfunded project, there are some concerns to watch out for, according to David Tisch, managing director of … Continue reading “David Tisch and Others See Opportunities, Caveats with Kickstarter”

Bridesmaid No More: It is Time For Diagnostics To Shine

A 41 year old HIV patient sits down with his physician to discuss his options. After a year of diagnostic tests that indicate stable CD4 cell counts, viral load, and creatinine levels, there has been a change. Over the past few months, the patient’s creatinine has crept up to 1.5 milligrams per deciliter of blood, … Continue reading “Bridesmaid No More: It is Time For Diagnostics To Shine”

Who’s Still Active Among the Early-Stage Biotech VCs?

Imagine for a moment you’re a hotshot biomedical scientist at a university. You have invented a technology in your lab that you think has potential to make a big difference for the world of medicine. Despite all the accolades you might be getting in Nature, you are savvy enough to know you still have a … Continue reading “Who’s Still Active Among the Early-Stage Biotech VCs?”

Bloglovin Obtains $1,000,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4b3737e4-c6f9-43b6-9d4f-48716a884863&Preview=1 Date 7/2/2012 Company Name Bloglovin Mailing Address Undisclosed New York, NY 10022 Company Description Bloglovin’ helps people discover and follow their favorite blogs. Today bloglovin’ has over 1,5 million members, 70% of them follow fashion blogs and over 90% of the members are female. Website http://www.bloglovin.com Transaction Type Venture Equity Transaction … Continue reading “Bloglovin Obtains $1,000,000 New Round”

Verdant Power Obtains $575,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=865ddc56-a350-4b19-a88d-c2161fa92eb2&Preview=1 Date 7/2/2012 Company Name Verdant Power Mailing Address 888 Main Street New York, NY 10044 Company Description A renewable energy company, Verdant Power seeks to generate mechanical and electrical power in a cost-effective manner, causing minimal or no ecological impact, and with consideration for social equity. Website http://www.verdantpower.com Transaction Type Debt … Continue reading “Verdant Power Obtains $575,000 New Funding Round”

#waywire Obtains $1,750,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0c2b0007-7b6c-4922-b8d8-e2a134b5711a&Preview=1 Date 7/2/2012 Company Name #waywire Mailing Address 35 Jane Street NY, NY 10014 Company Description Waywire is a social artery for news, inspiration and leading voices. Website http://www.waywire.com Transaction Type Venture Equity Transaction Amount $1,750,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Innovation Endeavors … Continue reading “#waywire Obtains $1,750,000 New Funding Round”

FlexTrade Systems Acquires Derivix for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1d7c3ac0-d275-4b22-a9d9-1c9b5305bbae&Preview=1 Date 7/2/2012 Company Name Derivix Mailing Address 75 Broad Street New York, NY 10004 Company Description Derivix Corp is a fast-moving software startup that develops institutional-strength real-time options analytics systems for hedge funds, investment banks, and other financial institutions. Website http://www.derivix.com Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes … Continue reading “FlexTrade Systems Acquires Derivix for Undisclosed Sum”

Bristol-Myers Buys Amylin for $5.3B, Getting Diabetes Drugs

[Updated: 9:40 pm] Bristol-Myers Squibb (NYSE: [[ticker:BMY]]) has pulled the trigger on a $5.3 billion acquisition of San Diego-based Amylin Pharmaceuticals (NASDAQ: [[ticker:AMLN]]). The deal, announced late Friday, calls for New York-based Bristol to pay $31 a share for Amylin, or about 10 percent more than its closing price today. By taking on some of … Continue reading “Bristol-Myers Buys Amylin for $5.3B, Getting Diabetes Drugs”

Seventh Annual New Energy Symposium

This two-day conference at the New York Academy of Sciences will feature a pitch competition with some of the hottest cleantech startups, who will present to a panel of regional and national VCs, angels, private equity investors, corporate VCs, investment bankers, and government executives at the Investment Pitch Competition. The conference will include panel discussions on alternative … Continue reading “Seventh Annual New Energy Symposium”

Social Communications & Healthcare 2012

This half-day conference will offer case studies and roundtables on how healthcare brands can use social technologies to accomplish their business objectives. Speakers include Farris Timimi, medical director of the Mayo Clinic Center for Social Media, John Vieira, senior director of strategic marketing for Daiichi Sankyo,and Bunny Ellerin, co-founder and president of NYC Health Business Leaders … Continue reading “Social Communications & Healthcare 2012”

What Apple’s New Podcasts App Means For Listeners—And for Apple

Without warning or fanfare, Apple introduced a new Podcasts app this week that gives users of iPhones, iPads, and iPods a much simpler way to find and listen to downloadable audio shows. Pundits had been expecting the move as part of the introduction this fall of iOS 6, the latest version of Apple’s mobile operating … Continue reading “What Apple’s New Podcasts App Means For Listeners—And for Apple”

ColorModules Garners $1,300,000 Series A Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2aa0caf2-69fb-4c31-bfaf-0f2a87d09359&Preview=1 Date 6/29/2012 Company Name ColorModules Mailing Address Undisclosed New York, NY 10013 Company Description ColorModules Inc., a New York-based visual product recommendation engine. Website http://www.colormodules.com Transaction Type Venture Equity Transaction Amount $1,300,000 Transaction Round Series A Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Golden Seeds

Vostu Lands $2,774,583 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ca7d8d66-29e6-494a-840e-9413f59eed95&Preview=1 Date 6/29/2012 Company Name Vostu Mailing Address 55 Fifth Avenue 18th floor New York, NY 10003 Company Description The company operates a social gaming service. Website http://www.vostu.com Transaction Type Debt Transaction Amount $2,774,583 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing. M&A Terms Venture Investor Undisclosed

“Engineering is For Helping People”: Xconomist of the Week Yoky Matsuoka

We had an amazing lineup of speakers at our first-ever forum on the future of robotics at SRI International in Menlo Park back in May. But I was especially excited to have the opportunity to do an on-stage interview with Yoky Matsuoka, whose pioneering studies of “neurobotics” have brought us closer to a future where … Continue reading ““Engineering is For Helping People”: Xconomist of the Week Yoky Matsuoka”

Corporate VC Investing Drops in Q1, Mobile Funding Poised to Jump

Deals made by the venture capital arms of major companies fell for the fourth straight quarter—a clear sign that corporate VCs are being more conservative than independent investment firms are—according to a report released today by New York-based deal tracker CB Insights. Corporate VCs participated in 11 percent of all venture deals in the first … Continue reading “Corporate VC Investing Drops in Q1, Mobile Funding Poised to Jump”

Affinity Solutions Secures $15,000,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cf9803ab-9aaf-413f-a1b9-0a905b5d5571&Preview=1 Date 6/28/2012 Company Name Affinity Solutions Mailing Address 1180 Avenue of the Americas 3rd Floor New York, NY 10036 Company Description Founded in 1998, Affinity Solutions has grown to become the leading provider of loyalty programs for top financial institutions, insurance companies, and publishers in the U.S. Website http://www.affinitysolutions.com Transaction Type … Continue reading “Affinity Solutions Secures $15,000,000 New Round”

Aviary Obtains $6,000,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d596c7b7-d7db-436e-877d-b90f29145261&Preview=1 Date 6/28/2012 Company Name Aviary Mailing Address 1135 Railroad Ave Hewlett, NY 11557 Company Description Aviary’s robust suite of online creative tools is fundamentally democratizing digital creation. Whereas the market for digital goods was once reserved exclusively for creators using proprietary desktop software, Aviary is delivering creative applications that allow anyone … Continue reading “Aviary Obtains $6,000,000 New Financing Round”

Investor Feedback Forum and Pitch Showdown

Ultra Light Startups presents an evening of eight startup pitches, with feedback from an expert panel, and plenty of time for networking both before and after the event. Panelists include  Owen Davis of NYC Seed, Avi Fogel of Majorlee Investments, Daniel Klaus of K2 Media Labs, and Mark Wachen of DreamIt Ventures. Register here.

Todacell Helps Brands Curate Mobile Ads, Helps Itself to More Cash

As the advertising industry marches deeper into the wireless frontier, getting the most out of mobile devices becomes more crucial for marketers. New York-based Todacell has developed an ad network platform that can help marketers pick the right mobile ads to catch the attention of individual consumers, no matter what smartphone or tablet they are … Continue reading “Todacell Helps Brands Curate Mobile Ads, Helps Itself to More Cash”

CasaHop Obtains $1,200,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=030d95a0-ff0f-4871-9a84-ab4a782129d7&Preview=1 Date 6/27/2012 Company Name CasaHop Mailing Address 560 Broadway New York, NY 10012 Company Description CasaHop is the newest trend in travel that uses your existing social networks to pair you up with people you can trust, for exchanges that make you feel at home. It’s simple: Join, Connect, and Swap. … Continue reading “CasaHop Obtains $1,200,000 New Financing”

Taboola.com Secures $10,000,000 Series C Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=21d7233c-3da8-4364-8833-e480adc0a267&Preview=1 Date 6/27/2012 Company Name Taboola.com Mailing Address 19 West 21st street (off of 5th Avenue) New York, NY 10011 Company Description Taboola is widely recognized as the world’s leading video discovery and distribution platform with over 130M uniques a month seeing Taboola recommendations, and half a billion recommendations created a day. … Continue reading “Taboola.com Secures $10,000,000 Series C Financing”

NJ Shocker: Roche to Shutter Nutley R&D Site

Swiss drug giant Roche said today it would close its 80-year-old research site in Nutley, NJ—a move that will slash 1,000 jobs in the U.S., as the company consolidates its R&D activities in Basel and Schlieren, Switzerland and Penzberg, Germany. The company will continue to maintain a separate biotech research site in South San Francisco, where … Continue reading “NJ Shocker: Roche to Shutter Nutley R&D Site”

Primus Green Energy Primes Its Pumps to Make High Octane Bio-Gasoline

Weaning the country off its addiction to petroleum is a lofty dream many renewable fuel companies undertake. Last Friday, the folks at Hillsborough, NJ-based Primus Green Energy revealed their plans to ease our reliance on traditional gasoline, as it opened the doors to its demo plant. The eleven-year-old company developed technology that coverts biomass, such … Continue reading “Primus Green Energy Primes Its Pumps to Make High Octane Bio-Gasoline”

Jirafe Obtains $7,000,000 Series A Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2e613df3-f639-413b-b99c-6f7c82ae87be&Preview=1 Date 6/26/2012 Company Name Jirafe Mailing Address Undisclosed New York , NY 10001 Company Description The company provides analytics for ecommerce stores. Website http://www.jirafe.com Transaction Type Venture Equity Transaction Amount $7,000,000 Transaction Round Series A Proceeds Purposes This investment will further increase Jirafe’s ability to service retailers,support agency partners around the … Continue reading “Jirafe Obtains $7,000,000 Series A Funding Round”

NPS Rallies as Good News Flows for Two Rare-Disease Drugs

Shares of Bedminster, NJ-based NPS Pharmaceuticals (NASDAQ: [[ticker:NPSP]])  jumped 14 percent to $8.21 on Friday after a panel of drug experts in Europe recommended that the regulatory agency there approve teduglutide (Gattex), the company’s experimental drug to treat a rare intestinal disorder called short bowel syndrome. The stock is moving again today, following the company’s weekend … Continue reading “NPS Rallies as Good News Flows for Two Rare-Disease Drugs”

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”

ideeli Lands $30,000,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5df8ff2c-35e9-4626-9d68-d08f54bb5dea&Preview=1 Date 6/23/2012 Company Name ideeli Mailing Address 374 West 11th Street New York, NY 10014 Company Description Ideeli is online shopping community that connects luxury brands with the consumers who covet them through computers, emails or cell phones. Website http://www.ideeli.com Transaction Type Venture Equity Transaction Amount $30,000,000 Transaction Round Undisclosed Proceeds … Continue reading “ideeli Lands $30,000,000 New Financing”

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”

First Round Capital’s Chris Fralic Tunes into Digital Music Startups

Picking the right startup in the digital media world to back can be a challenge even for an investor with Chris Fralic’s experience in the technology arena. Fralic, a partner at the New York office of First Round Capital, spoke on Tuesday at the New Music Seminar’s tech summit held near Union Square. While he … Continue reading “First Round Capital’s Chris Fralic Tunes into Digital Music Startups”

Gamification Hits Healthcare as Startups Vie for Cash and Partners

Would working out at the gym be easier if you earned cash every time you hopped on the treadmill? Boston-based startup GymPact is betting that millions of Americans will answer that question with a resounding “yes,” and at least some members of the VC community agree. The startup uses GPS to track how much time … Continue reading “Gamification Hits Healthcare as Startups Vie for Cash and Partners”

Todacell Obtains $2,000,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cdfe5dcb-ead6-4d8c-9d3b-a8f6a29f2b78&Preview=1 Date 6/21/2012 Company Name Todacell Mailing Address 41 Union Square West New York, NY 10003 Company Description Todacell – Premium off portal mobile advertising for mobile publishers and advertisers. User targeting, audience targeting, inventory management, mobile brand advertising, CPM, CPD, CPC, inventory optimization, campaign optimization. Website http://www.todacell.com Transaction Type Venture Equity … Continue reading “Todacell Obtains $2,000,000 New Financing Round”

Context Matters Helps Pharma Execs Make Sense of Drug Data

S. Yin Ho, founder and CEO of New York-based pharmaceutical data provider Context Matters, isn’t impressed with all the entrepreneurial excitement around “big data”—the effort to lasso all the information being collected about consumer buying patterns and the like and use it to improve business strategies. As far as Ho is concerned, it’s not the … Continue reading “Context Matters Helps Pharma Execs Make Sense of Drug Data”

VHX Secures $1,250,000 Seed Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=960a11ad-a85d-4396-ba63-df295da8f220&Preview=1 Date 6/20/2012 Company Name VHX Mailing Address 902 Broadway 4th Floor New York, NY 10010 Company Description VHX lets independent video-makers sell their work online, from their own websites, direct-to-fans and restriction-free. Our mission is to provide the tools for the creative class to break out of the traditional TV and … Continue reading “VHX Secures $1,250,000 Seed Financing Round”

Five Questions for Syncapse CEO Michael Scissons On Buying Clickable

The growing demand to provide information to companies about how effectively they are reaching customers on the Web is driving consolidation among tech companies that provide such insight. The latest example of such deal-making happened last week, when Toronto’s Syncapse announced it acquired—for an undisclosed sum—New York-based Clickable, a social and search ad management platform. … Continue reading “Five Questions for Syncapse CEO Michael Scissons On Buying Clickable”

MedTech: Big Market, Big Idea, Big Execution

This half-day conference, organized by Life Science Angel Network and Elsevier, will take a wide-ranging look at innovation in medical technology. The day will include a keynote lunch, three panel discussions, and a networking reception. Speakers include Howard Levin of CorIdea, Dennis Purcell of Aisling Capital, and Nancy Briefs of InfoBionics. Register here.

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”

ESPN, PepsiCo, Billboard, and American Express Talk Partnering with Startups

It is no secret that finding a big company to work with can give a startup a boost that lands them more business and credibility. No matter how novel a platform or technology is, when a major client or partner comes onboard the market takes more notice. Startup Weekend brought together a panel of executives … Continue reading “ESPN, PepsiCo, Billboard, and American Express Talk Partnering with Startups”

Shapeways Receives $6,200,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e6f972fa-fed6-459e-b0a1-c3a002274d73&Preview=1 Date 6/19/2012 Company Name Shapeways Mailing Address 419 Park Ave South New York, NY 10016 Company Description Shapeways is the source for limitless personal production. With a growing online community and marketplace, we’re a NY start-up that harnesses 3D printing to help you make, buy and sell anything you want. Website … Continue reading “Shapeways Receives $6,200,000 New Financing Round”

Social Retail Summit

This afternoon conference will focus on creating communities around the offline store and making retail brands part of the online conversation. Sessions will cover such topics as building fashion communities, managing social campaigns, and mobile bridging. Speakers include Ashley John Heather of Dotbox, Alexander Muse of ShopSavvy, and Liza Kindred of Third Wave Fashion. Register here.

Merck Bets $15M on Ambrx’s “Smart Bomb” Antibodies

Merck is making its first move into one of the hotter corners of biotech, by forming a partnership to make “smart bomb” antibody drugs with San Diego-based Ambrx. The Whitehouse Station, NJ-based pharmaceutical giant (NYSE: [[ticker:MRK]]) has agreed to pay Ambrx $15 million upfront, another $288 million in milestone payments, and an undisclosed royalty rate … Continue reading “Merck Bets $15M on Ambrx’s “Smart Bomb” Antibodies”

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”

Aidin Secures $600,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5aea1b18-9ed4-4f74-a4fc-dc4d59a0ca4f&Preview=1 Date 6/18/2012 Company Name Aidin Mailing Address 36 East 12th Street New York, NY 10003 Company Description Aidin is a startup that helps people find better continuing care after they leave the hospital. Website http://www.myaidin.com Transaction Type Venture Equity Transaction Amount $600,000 Transaction Round Undisclosed Proceeds Purposes The startup will use … Continue reading “Aidin Secures $600,000 New Funding”

Startup Exits: Deal-Making in Social Commerce

The world of online retail, flash sales, and social shopping is red-hot, offering entrepreneurs in the space multiple opportunities for partnerships and deal-making. What companies are making acquisitions and what startups are likely to get acquired? How can social commerce startups use M&A and strategic partnering to drive growth? These are among the questions that will … Continue reading “Startup Exits: Deal-Making in Social Commerce”

Financial Modeling for Startups

General Assembly presents an afternoon workshop for entrepreneurs who want to learn about financial modeling. The session will focus on examining a simple business and learning how to craft its story, identify its business levers, and create simple funding projections. Instructor Mo Lam is the founder and CEO of TwoChop, a content gamification platform. Register here.

Smash Summit

500 Startups and NextCustomer present a day-long conference on how to “hack and dominate” customer acquisition. Speakers include Chris Ackerman of Facebook, Fred Wilson of Union Square Ventures, and Dan Porter of OMGPOP. Among the topics to be covered: e-mail optimization, ad exchanges, customer service, search engine optimization, and analytics. Register here.

Mail.ru’s Dmitry Grishin Launches Fund in New York for Robotics

When the head of one of Russia’s largest Internet companies starts investing in technology, the impact can be felt across continents. Today Dmitry Grishin, CEO and chairman of Mail.ru, announced the launch of Grishin Robotics, a New York-based investment fund focused on backing next generation technology in robotics. With Mail.ru—a popular Russian portal for e-mail, … Continue reading “Mail.ru’s Dmitry Grishin Launches Fund in New York for Robotics”