Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fb7b2866-eca2-485e-bb7f-0d0d30508939 Date 11/7/2013 Company Name Clear Catheter Systems Mailing Address 62915 NE 18th Street Bend, OR 97701 Company Description Clear Catheter Systems is a Bend, Oregon based medical device company pioneering new technologies that will revolutionize medical tube drainage. Website http://www.pleuraflow.com Transaction Type Venture Equity Transaction Amount $3,750,000 Transaction Round Undisclosed Proceeds … Continue reading “Clear Catheter Systems Obtains $3,750,000 New Funding Round”
Category: Seattle
2nd Watch Raises $23M to Expand AWS Cloud Migration Business
2nd Watch just scored $23 million to help large businesses, which are shifting their IT functions to the cloud in droves, move to Amazon Web Services. The company, headquartered in Liberty Lake, just east of Spokane, WA, brought on new investor Columbia Capital for the round. Madrona Venture Group, which invested $4.2 million late last … Continue reading “2nd Watch Raises $23M to Expand AWS Cloud Migration Business”
Big Insight from CEOs of Context Relevant, Seeq at Upcoming Forum
Two Seattle-based big data startups illustrate the range of opportunities for companies helping people extract valuable insight from their data. We’re happy to announce that Context Relevant CEO Stephen Purpura and Seeq CEO Steve Sliwa are joining our already packed lineup of speakers for the Nov. 19 Xconomy Forum: Big Insight—Making Sense of Big Data … Continue reading “Big Insight from CEOs of Context Relevant, Seeq at Upcoming Forum”
While Healthcare.gov Scrambles, Private Exchanges Are Off to the Races
All eyes are on the hullaballoo created by the challenges at Healthcare.gov and several of the states’ public insurance exchanges. Yet all the while, like in a magic show, attention has been diverted from the real action going on elsewhere. Quietly and in a relatively drama-free way, the private health insurance exchanges are busily taking … Continue reading “While Healthcare.gov Scrambles, Private Exchanges Are Off to the Races”
Seeq Raises $6M to Help Manufacturers With Big Data
Seeq, which is bringing big data analysis tools to manufacturers and industrial companies with lots of time-based process data, has filled out a $6 million Series A round led by Second Avenue Partners. Also participating in the round—which includes a $2 million close Xconomy reported on in May—are Madrona Venture Group, Clear Fir Partners, and … Continue reading “Seeq Raises $6M to Help Manufacturers With Big Data”
2nd Watch Garners $23,000,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e16701a6-b605-4006-aa89-37e5f9538bf1 Date 11/5/2013 Company Name 2nd Watch Mailing Address 603 Stewart Street Seattle, WA 98101 Company Description At 2ND Watch it is our mission to bring world-class, Cloud computing tools to companies of all sizes, including enterprise, at an affordable price. 2nd Watch provides customizable solutions that are built to fit your … Continue reading “2nd Watch Garners $23,000,000 New Financing Round”
Accelerator 9Mile Labs Raises Fund to Back Next Class at $35k Each
9Mile Labs, the Seattle-area business-to-business startup accelerator, has raised a $900,000 fund from local angel investors to back companies in its upcoming second class and pay for professional resources in areas such as design, marketing and finance. The nine companies chosen for 9Mile’s second cohort, which begins January 15, will each receive a $35,000 investment … Continue reading “Accelerator 9Mile Labs Raises Fund to Back Next Class at $35k Each”
Which Regions Are Churning Out the Most Biotech IPOs?
If you’ve got ambitions to start and build a biotech company that may someday go public, where is the best place to make it happen? Which regional clusters provide the most fertile places where people, scientific ideas, technology, and money come together to build NASDAQ-worthy biotech companies? This is just one more way of looking … Continue reading “Which Regions Are Churning Out the Most Biotech IPOs?”
OwnZones Media Network Lands $3,248,745 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8ed50641-7dc5-446a-b106-c12548645849 Date 11/4/2013 Company Name OwnZones Media Network Mailing Address PO Box 2937 Redmond, WA 98703 Company Description The company is creating a digital ecosystem that allows users to pay for content. Website http://www.ownzones.com Transaction Type Venture Equity Transaction Amount $3,248,745 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC … Continue reading “OwnZones Media Network Lands $3,248,745 New Financing Round”
Seattle’s Next Billion-Dollar Tech Star: Zulily Aims for $16-$18 IPO
Zulily’s forthcoming initial public stock offering could raise as much as $238 million for the Seattle company and its insiders and investors. The daily deals site for moms and kids today said it estimates an IPO price of $16 to $18 per share. Investors will have a crack at 11.5 million shares when the Zulily … Continue reading “Seattle’s Next Billion-Dollar Tech Star: Zulily Aims for $16-$18 IPO”
6 Secrets to Slaying the E-Mail Monster
People have been complaining about the onslaught of e-mail almost since the day it was invented. We’ve all heard the statistics: Over 100 billion business e-mails are sent every day, with the average user sending and receiving about 100 messages per day. Reading and answering e-mail takes up 28 percent of the average worker’s day—about … Continue reading “6 Secrets to Slaying the E-Mail Monster”
Zoomingo Obtains $500,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=165bd2dd-c107-46f1-92c9-1e0e89b625de Date 11/1/2013 Company Name Zoomingo Mailing Address 12600 SE 38th Street Bellevue, WA 98006 Company Description Zoomingo (which stands for “Zoom-in and go”) is a shopping discovery application that helps you find the best sales in local retail stores in town. Website http://www.zoomingo.com Transaction Type Venture Equity Transaction Amount $500,000 Transaction … Continue reading “Zoomingo Obtains $500,000 New Round”
Lively Receives $291,641 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=063bbff8-1461-434d-b527-3f8071d26cbc Date 11/1/2013 Company Name Lively Mailing Address 3412 4th Avenue South Seattle, WA 98134 Company Description Lively is bringing fans and bands together: whether it’s the next hot Indie artist or a major label band, quality access to live music doesn’t need to stop at the venue’s doors. Lively has created … Continue reading “Lively Receives $291,641 New Funding”
NW Advanced Computing Partnership Looks to Tackle Big Challenges
The Northwest Institute for Advanced Computing (NIAC) is taking shape, with researchers and professors from Pacific Northwest National Laboratory and the University of Washington brainstorming to identify a few large-scale strategic projects that could advance their budding partnership and the state of the art in computing. At a coming out event Wednesday at the UW, … Continue reading “NW Advanced Computing Partnership Looks to Tackle Big Challenges”
Davis Wright Tremaine presents “Exit Strategy Checklist Workshop”
Davis Wright Tremaine corporate partners Joe Whitford and Matt LeMaster, and Richard Wood, co-founder and managing partner of First Hill Partners will talk about mergers and acquisitions and other company exits at an afternoon workshop put on by the Northwest Entrepreneur Network. Registration information is here.
November Breakfast Buzz: Seattle’s Own Steve Pool
The Northwest Entrepreneur Network’s November Breakfast Buzz event features longtime Seattle meteorologist Steve Pool. Register here.
Red (and Green) Flags To Look for With Biotech’s Buyside Investors
As Warren Buffett once pointed out, companies get the investors they deserve. Observations by the oracle-from-Omaha are hard to dispute, but how does that translate into practice if you’re a biotech company going through the IPO process and trying to read the signs in a whole new landscape of investors known as “the buyside”? Many … Continue reading “Red (and Green) Flags To Look for With Biotech’s Buyside Investors”
Centri Technology Secures $13,000,000 Series C Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b9aeb2b5-4498-44f7-a870-e9de555ede25 Date 10/31/2013 Company Name Centri Technology Mailing Address 701 5th Ave Seattle, WA 98104 Company Description Centri Technology develops a broad suite of solutions that make it possible for mobile phones to download files, access the Internet and send emails at speeds three times as fast as the current standard. The … Continue reading “Centri Technology Secures $13,000,000 Series C Funding Round”
Lessons from the St. Louis Cardinals and ‘Building Biotechs to Last’
When I hit the couch tonight to watch Game 6 of the World Series, I won’t be rooting for anyone. I will just be another baseball fan hoping for a great game between the Boston Red Sox and the St. Louis Cardinals. But I have been thinking about not just baseball, but organizational strategy lately, … Continue reading “Lessons from the St. Louis Cardinals and ‘Building Biotechs to Last’”
Avado, NY Digital Health Grad, Snapped up by WebMD
It didn’t take very long for Avado to move from startup accelerator graduate to the arms of a big-name acquirer. Seattle, WA-based Avado, which developed a cloud-based platform that helps clinicians and patients to communicate and manage health information, has been acquired by WebMD (NASDAQ: [[ticker:WBMD]]). Financial terms of the deal weren’t disclosed, but the … Continue reading “Avado, NY Digital Health Grad, Snapped up by WebMD”
Immune Design Grabs $32.5M, Cashing in on Cancer Immunotherapy Rush
Seattle-based Immune Design imagines growing into one of the next big players in immunotherapy for cancer, and today it’s secured some big venture bucks to see if it can deliver the goods. Immune Design is announcing today it has raised $32.5 million in a Series C venture financing that could be worth as much as $49 million if … Continue reading “Immune Design Grabs $32.5M, Cashing in on Cancer Immunotherapy Rush”
Four Red Flags for Digital Health Investors
It’s been a banner year for startups raising money to start digital and mobile health businesses—enough to spark a recent Time magazine article called “The Obamacare Start-Up Boom.” Here in San Francisco, it seems the number of job applicants my own digital heatlh company receives, as well as the number of attendees at health technology … Continue reading “Four Red Flags for Digital Health Investors”
Immune Design Garners $49,000,000 Series C Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fb8bab0b-f7ec-48c5-8814-cee2b8a23d39 Date 10/30/2013 Company Name Immune Design Mailing Address 1616 Eastlake Ave. E. Seattle, WA 98102 Company Description One of the greatest impacts on human health can be achieved by regulating the activity of the immune system. Recent advances in the field of molecular immunology have created new ways to treat infectious … Continue reading “Immune Design Garners $49,000,000 Series C Financing”
Tableau Software Continues Rapid Sales, Expenses Growth in Q3
Seattle big data visualization company Tableau Software increased third-quarter revenue 90 percent year-over-year to $61.1 million, and posted a $2.4 million profit. That performance hasn’t yet made up for losses earlier this year: Tableau (NYSE: [[ticker:DATA]]) is running nearly $4.2 million in the red for the first nine months of 2013. Tableau management are betting heavily … Continue reading “Tableau Software Continues Rapid Sales, Expenses Growth in Q3”
Frazier Healthcare Adds Carol Gallagher as Venture Partner
Carol Gallagher made a lot of money for Frazier Healthcare Ventures by leading of one of its portfolio companies, and now she’s going to see if she can help the firm in a new way. Gallagher, the former CEO of Seattle-based Calistoga Pharmaceuticals, a Frazier investment sold to Gilead Sciences for up to $600 million … Continue reading “Frazier Healthcare Adds Carol Gallagher as Venture Partner”
WebMD Acquires Avado for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ccaad50e-e107-4367-a74a-76bff22800a1 Date 10/29/2013 Company Name Avado Mailing Address 8201 164th Ave Redmond, WA 98052 Company Description Avado brings the benefits of the Internet to the inefficient workplaces of healthcare providers. Website http://www.avado.com Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes M&A Terms Financial terms of the transaction were not disclosed.
Bristol-Myers, Alder Drug for Rheumatoid Arthritis Passes Key Test
Four years ago, the CEO of Bothell, WA-based Alder Biopharmaceuticals declared that his company’s experimental rheumatoid arthritis drug would someday give multibillion-dollar products from Amgen and AbbVie a “run for their money.” Today, some more clinical trial data trickled out to suggest that Alder’s partner, Bristol-Myers Squibb, is maneuvering into a position to compete in … Continue reading “Bristol-Myers, Alder Drug for Rheumatoid Arthritis Passes Key Test”
300 I-Corps Teams in Two Years
This is the start of the third year teaching teams of scientists (professors and their graduate students) in the National Science Foundation Innovation Corps (I-Corps). This month we’ve crossed ~300 teams in the first two years through the program. I-Corps is the accelerator that helps scientists bridge the commercialization gap between their research in their … Continue reading “300 I-Corps Teams in Two Years”
The Biggest Bargains Pharma Scooped Up in the Down Years
Most little biotech companies, until this year’s IPO boom, couldn’t seriously think about raising money from public investors. Most couldn’t raise big venture dollars from an ever-shrinking pool of VCs. The pool of potential partners and buyers in Big Pharma was shrinking, too, because mega-mergers reduced the number of potential bidders. With cash running low … Continue reading “The Biggest Bargains Pharma Scooped Up in the Down Years”
Report: Dendreon Looking to Get Acquired
Dendreon is apparently crying uncle, and seeking some other company to take it over. The Seattle-based pioneer of cancer immunotherapy (NASDAQ: [[ticker:DNDN]]) is working with JP Morgan to find someone to buy the company, according a report Friday by Bloomberg News, which cited anonymous sources. Representatives for both Dendreon and JP Morgan declined to comment … Continue reading “Report: Dendreon Looking to Get Acquired”
BuzzFeed, and 4 More Bad Startup Ideas that Look Like Good Ideas
Y Combinator staged its annual Startup School event last Saturday, attracting more than 1,700 young startup founders and would-be founders. Andreessen Horowitz partner (and Xconomist) Chris Dixon, the founder of Web startups SiteAdvisor (sold to McAfee) and Hunch (sold to eBay), gave one of the most interesting talks, under the title “Good Ideas That Look Like Bad … Continue reading “BuzzFeed, and 4 More Bad Startup Ideas that Look Like Good Ideas”
What Can Washington Do to Revitalize Biotech? Q&A With Gov. Inslee
Seattle biotech isn’t what it used to be. A decade ago, Seattle was basking in the glory of one of the biggest pharmaceutical success stories ever—etanercept (Enbrel). The region was home to what you could call five major league life sciences companies. I’m talking about locally grown biotech companies with big dreams, a strong foundation … Continue reading “What Can Washington Do to Revitalize Biotech? Q&A With Gov. Inslee”
In New Regulatory World, Techstars Seattle is Cautious on Demo Day
Like other startup accelerators, Techstars Seattle is treading carefully around new SEC regulations on general solicitation with its 2013 Demo Day. Managing director Andy Sack notes that he usually implores the audience “to get your checkbooks out” at this annual culmination of the top-tier, three-month “entrepreneurship boot camp.” “Due to some recent regulatory changes, if … Continue reading “In New Regulatory World, Techstars Seattle is Cautious on Demo Day”
Slideshow: Nathan Myhrvold’s Food Photography Obsession on Display
If you enjoy snapping the occasional picture of what you’ve made for dinner, great! You have something in common with Seattle tech mogul and gastronaut Nathan Myhrvold. Your pictures probably aren’t in a museum, though. An exhibition of photography from Myhrvold’s landmark 2011 Modernist Cuisine cookbook and the follow-up Modernist Cuisine at Home opens this … Continue reading “Slideshow: Nathan Myhrvold’s Food Photography Obsession on Display”
Roundup: WhitePages, Contour, 9Mile Labs, Blue Rooster, Dwellable
It’s a busy week for startups in Seattle. Some of the news that has caught our attention lately: WhitePages’ buyout of its VC investors; the apparent revival of action-sports camera maker Contour; 9Mile Labs opening applications for its second cohort; Blue Rooster’s $3 million raise; and a strong coming out for vacation rentals startup Dwellable. … Continue reading “Roundup: WhitePages, Contour, 9Mile Labs, Blue Rooster, Dwellable”
Pharma Showing Interest in Open Systems for Drug Discovery
[Editor’s note: this post first appeared on the FasterCures blog.] Bringing the ideas of “open source” into the pharmaceutical process is far from simple. It requires a careful understanding both of the realities of open source as a software development process well as the realities of therapy research, development, and regulatory approval. The open source … Continue reading “Pharma Showing Interest in Open Systems for Drug Discovery”
Innovation’s Next Decade
While the world economy continues to look shaky, the technology industry has never looked stronger. Now is perhaps a good time to stop for a moment and reflect on what the next decade will be all about for the industry. My vision of what the technology industry needs to focus on is best described by … Continue reading “Innovation’s Next Decade”
Gazelle, Apple, and Amazon: The Future of “Recommerce”
At some point, most successful startups run into this problem: a tech giant moves into their sector and threatens to wipe them out. It’s a sign that the startup is on to something big—but it’s also a major existential challenge. Meet Gazelle, a Boston-based company that has built a business around buying used smartphones and … Continue reading “Gazelle, Apple, and Amazon: The Future of “Recommerce””
Ombitron Obtains $111,960 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5859f2d2-99a9-41c3-ba81-68a9a0878140 Date 10/22/2013 Company Name Ombitron Mailing Address 821 2nd Ave Seattle, WA 98104 Company Description Ombitron creates hardware and software solutions specifically for the Internet of Things (also called Machine to Machine (M2M)) market. Ombitron specializes in cellular gateways combined with cloud based software to provide a fully managed, easy to … Continue reading “Ombitron Obtains $111,960 New Financing Round”
EDUonGo Lands $530,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4da1654d-2c3b-458e-aa7f-94f1e12ba401 Date 10/22/2013 Company Name EDUonGo Mailing Address 14205 SE 36th Street Bellevue, WA 98006 Company Description In today’s era things have changed. You don’t have to attend an institution to receive a quality education. Gaining knowledge to benefit your career doesn’t always come within the walls of a classroom. EDUonGo enables … Continue reading “EDUonGo Lands $530,000 New Financing”
Wire Labs Lands $300,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=33b4a750-7a5e-4cc1-a95b-eee69507ec43 Date 10/22/2013 Company Name Wire Labs Mailing Address 1118 Broadway E Seattle, WA 98102 Company Description The company is developing as yet unspecified technologies in the mobile market space. Website http://www.wire.im Transaction Type Debt Transaction Amount $300,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing. See … Continue reading “Wire Labs Lands $300,000 New Funding”
Kona Medical Gets $10M to Take Ultrasound to China
Bellevue, WA-based Kona Medical has raised another $10 million to take its big idea for ultrasound to China. Kona said today it has secured that eight-figure sum from a single investor, Morningside Group, which aims to help Kona expand in China. The company predicts a market will emerge there for its ultrasound technology that is … Continue reading “Kona Medical Gets $10M to Take Ultrasound to China”
INRIX CEO, Globys Data Science SVP Join Packed Nov. 19 Big Insight Event
INRIX, the Kirkland, WA-based traffic intelligence company, has a quintessential big-data-centric business and highlights the Northwest’s strengths in this field. That’s why we’re thrilled to have the company’s co-founder and CEO, Bryan Mistele, join our Nov. 19 Xconomy Forum: Big Insight—Making Sense of Big Data in Seattle. He joins two other great new additions to … Continue reading “INRIX CEO, Globys Data Science SVP Join Packed Nov. 19 Big Insight Event”
21 Red Flags to Watch for in a Biotech Company
Nutty things are happening in biotech. Irrational exuberance has returned. Generalist investors with lots of money are suddenly buying these stocks first and asking questions later. Companies can fire off meaningless press releases, and be rewarded. I heard a big-time money manager talk the other day about a recent biotech IPO being one of the … Continue reading “21 Red Flags to Watch for in a Biotech Company”
Kona Medical Lands $10,000,000 Series D Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8395b16f-9591-40ef-93ec-3a00e2bfba2a Date 10/21/2013 Company Name Kona Medical Mailing Address 2495 140th Avenue N.E. Bellevue, WA 98005 Company Description Kona Medical, Inc. is a privately held company developing an innovative and non-invasive therapy for treatment of hypertension (high blood pressure). Website http://www.konamedical.com Transaction Type Venture Equity Transaction Amount $10,000,000 Transaction Round Series D … Continue reading “Kona Medical Lands $10,000,000 Series D Funding”
Puralytics Lands $4,000,000 Series A Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=201e0bd0-e9ab-4fdd-a01e-7b14e5132aef Date 10/21/2013 Company Name Puralytics Mailing Address 15250 NW Greenbrier Pkwy Beaverton, OR 97006 Company Description Puralytics is a privately funded technology company located in Beaverton, Oregon. While there are many ways to treat water including chemical, thermal, filtration, and separation technologies, Puralytics has pioneered an entirely new way to purify … Continue reading “Puralytics Lands $4,000,000 Series A Financing”
Please, Keep Paying $80 a Month for Cable So I Can Enjoy Cheap TV
Dear Cable TV Subscriber, I don’t think I’ve ever told you how grateful I am. I haven’t paid a cent for cable television since 2009. Yet I have on-demand access via the Internet to a growing cornucopia of great shows like Game of Thrones, Homeland, Mad Men, and Breaking Bad, at reasonable à la carte … Continue reading “Please, Keep Paying $80 a Month for Cable So I Can Enjoy Cheap TV”
VC Funding for Software Jumps in MoneyTree Report, and Top 10 Deals
Venture capital firms invested $7.8 billion in 1,005 deals throughout the United States during the three months that ended September 30, according to the MoneyTree Report being released today. It was a 12 percent increase in dollars and a 5 percent rise in deals compared to the second quarter of 2013, when VCs invested close … Continue reading “VC Funding for Software Jumps in MoneyTree Report, and Top 10 Deals”
Northwest Venture Investment Falls 19% in Third Quarter
Pacific Northwest companies raised $141.7 million from venture capitalists in the third quarter, a decrease of almost 19 percent from the year earlier period, while the number of deals remained essentially flat at 36. That contrasts to a 17 percent year-over-year increase in venture investment nationally to nearly $7.8 billion, according to the latest PwC/NVCA … Continue reading “Northwest Venture Investment Falls 19% in Third Quarter”
Droplr Receives $478,000 Seed Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f11ada45-4998-4a81-8b31-4301119040d1 Date 10/18/2013 Company Name Droplr Mailing Address 2612 NW Brickyard Street Bend, OR 97701 Company Description Droplr is the easiest way to share images, documents, files & links. Drag and drop anything to Droplr. Droplr will let you know when it has been uploaded and provide a link that you can … Continue reading “Droplr Receives $478,000 Seed Financing Round”