Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c3e671ff-ddbe-409c-be67-3767b20b9440&Preview=1 Date 4/19/2010 Company Name Hygeia Therapeutics Mailing Address 8 Canterbury Lane Holden Holden, MA 01520 Company Description Hygeia Therapeutics acquires and develops biodegradable hormone-receptor modulators for topical indications. Website http://www.hygeiatherapeutics.com Transaction Type Venture Equity Transaction Amount $1,000,000 Transaction Round Series A Proceeds Purposes The funding will go to testing its topical … Continue reading “Hygeia Therapeutics Obtains $1,000,000 Series A Round”
MDSolarSciences Secures $4,000,000 Series A Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=28677f59-3268-40df-b7f6-cb0498f28af6&Preview=1 Date 4/19/2010 Company Name MDSolarSciences Mailing Address 40 Richards Avenue Norwalk, CT 06854 Company Description MDSolarSciences, a physician driven primary skin cancer prevention company, recognizes the need for a broad range of state-of-the-science and state-of-the-art ultraviolet radiation protection products. As such, we dedicate our efforts to bringing a world-class line of … Continue reading “MDSolarSciences Secures $4,000,000 Series A Round”
Groupon Secures $135,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cac9725e-6c87-4d26-b702-8cc817f72dc1&Preview=1 Date 4/19/2010 Company Name Groupon Mailing Address 600 W Chicago Ave Chicago, IL 60654 Company Description Launched in November 2008, Groupon features a daily deal on the best stuff to do, see, eat, and buy in a variety of cities across the United States. We have about 40 wonderful people working … Continue reading “Groupon Secures $135,000,000 New Financing”
SmartZip Lands $4,500,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e32bed7d-5757-4e4a-a338-65ea71e58b03&Preview=1 Date 4/19/2010 Company Name SmartZip Mailing Address 6210 Stoneridge Mall Road Pleasanton, CA 94588 Company Description SmartZip an operator of a real estate intelligence website. Website http://www.smartzip.com Transaction Type Venture Equity Transaction Amount $4,500,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Claremont Creek Ventures … Continue reading “SmartZip Lands $4,500,000 New Funding Round”
BlackArrow Receives $20,000,000 Series C Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9f4beff9-3c38-4ea4-aaf8-765f992bd678&Preview=1 Date 4/19/2010 Company Name BlackArrow Mailing Address 160 West Santa Clara Street San Mateo, CA 95113 Company Description BlackArrow was founded with the express purpose of helping programmers, agencies, and operators capitalize on the new advertising and revenue opportunities made possible by on-demand TV technologies, such as the digital video recorder, … Continue reading “BlackArrow Receives $20,000,000 Series C Funding”
Overtone Garners $7,000,000 Series C Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=07dcbb66-fe4d-4182-b83b-81d7cae2f732&Preview=1 Date 4/19/2010 Company Name Overtone Mailing Address 44 Montgomery St. San Francisco, CA 94104 Company Description Island Data Corporation delivers real-time customer intelligence to many of the world’s most innovative global enterprises. Going beyond conventional market research tools, Island Data’s software-as-a-service, Insight RT™, gleans actionable intelligence from uniquely valuable unstructured customer … Continue reading “Overtone Garners $7,000,000 Series C Financing Round”
Synerchip Secures $10,500,000 Series C Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a968a432-d6c0-4eb2-b5a0-b3b126145b44&Preview=1 Date 4/19/2010 Company Name Synerchip Mailing Address 880 E. Arques Avenue Sunnyvale, CA 94085 Company Description Synerchip is a private fabless semiconductor company developing innovative high-speed digital interface technology for next-generation consumer electronics networks to securely and reliably send and receive video, audio and data simultaneously to maximize the home entertainment … Continue reading “Synerchip Secures $10,500,000 Series C Round”
Talend Obtains $8,000,000 Series D Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c574d8ef-e95c-44dc-b8e3-db9cc5770b97&Preview=1 Date 4/19/2010 Company Name Talend Mailing Address 105 Fremont Ave Los Altos, CA 94022 Company Description After three years of intense research and development investment, and with solid financial backing from leading investment firms, Talend revolutionized the world of data integration when it released the first version of Talend Open Studio … Continue reading “Talend Obtains $8,000,000 Series D Round”
Knewton Receives $12,500,000 Series C Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c5af292d-3738-4e92-8a9c-62c62a395762&Preview=1 Date 4/19/2010 Company Name Knewton Mailing Address 95 Morton Street Ground Fl. New York, NY 10014 Company Description Knewton has developed the industry’s most powerful adaptive learning engine, customizing educational content to meet the needs of each student. Whereas traditional classrooms and textbooks provide the same material to every student, Knewton … Continue reading “Knewton Receives $12,500,000 Series C Financing”
MITEF of Cambridge RFID SIG: Next Generation Electronic Payment Solutions
It seems there’s nothing mobile platforms can’t accomplish, even paying for transactions. Come learn how Japan’s mobile, e-payment system might be bound for use across the globe, at this event put on by the MIT Enterprise Forum of Cambridge,
Kresge Gives $800K For TechTown Expansion
TechTown, a Detroit business incubator, has received an $800,000 grant from The Kresge Foundation to renovate the former Dalgleish Cadillac dealership on Cass Avenue into TechTwo, which will house more incubator space. The grant gives up to $650,000 for the renovation. The Kresge Foundation, which supports nonprofits in Metro Detroit, gave $1.5 million to TechTown … Continue reading “Kresge Gives $800K For TechTown Expansion”
SAE 2010 World Congress
For the Society of Automotive Engineers (SAE), January’s North American International Auto Show in Detroit is just for show. If you’re an engineer or tech geek who really wants to get “under the hood,” springtime’s SAE World Congress is the place to be. All the latest electronics, materials and other innovations will be on display … Continue reading “SAE 2010 World Congress”
Inner Circle: Honoring Women of Achievement
Inforum, a professional women’s alliance, will host Inner Circle, an evening of advancing women with leadership potential and honoring women of achievement, Tuesday, April 20 at Birmingham’s Townsend Hotel. The event honors women with exemplary leadership skills and gives them an opportunity to share their knowledge and lessons learned with women who are interested in … Continue reading “Inner Circle: Honoring Women of Achievement”
Ignite Automotive
Ignite Automotive is an evening of automotive themed presentations with a twist. Speakers have exactly five minutes to tell their story, backed by 20 slides auto-advancing every 15 seconds. Ignite Automotive will give a select group of Michigan geeks the stage to present their best ideas for fixing what’s wrong with the auto industry. Preference … Continue reading “Ignite Automotive”
Mingle and Match
If you are launching a startup, and need people to help you, Ann Arbor SPARK’s Mingle and Match is where you can have one minute to tell about your business and what kind of help you are seeking, followed by a networking session. To be a presenter, send a one-paragraph description of your business concept, … Continue reading “Mingle and Match”
Michigan Energy Forum
Ann Arbor SPARK is hosting a discussion around transportation infrastructure, where participants can learn about current trends, public policy changes that are on the horizon, and cutting edge innovation around the sector. Michigan Energy Forum will be streamed live, and you can ask questions from your computer if you cannot attend the event.
Ann Arbor SPARK Entrepreneurial Boot Camp
A seasoned entrepreneur will lead participants in two intensive days of learning how to identify critical issues for their business plans, including developing an elevator pitch, executive summary and ending with a pitch to a panel of venture investors.
Midwest Technology Leaders 2010
Automation Alley is presenting its sixth annual Midwest Technology Leaders conference, featuring peer-to-peer idea-sharing, motivational keynote presentations and networking opportunities. This year’s focus will be on creativity and innovation.
Automation Alley Defense Office Grand Opening
Automation Alley officially launches its defense office to help companies find new opportunities in the region’s growing defense sector. Companies can gain access to information and opportunities through the Diminishing Manufacturing Sources and Material Shortages (DMSMS) program, which identifies manufacturers capable of producing replacement parts for the Army that are no longer in production. These … Continue reading “Automation Alley Defense Office Grand Opening”
Michigan Growth Capital Symposium
May 11-12 will mark the 29th year of the Michigan Growth Capital Symposium, which brings together potential investors from across the country with early stage companies. The symposium will be at the Marriott Resort in Ypsilanti, MI, where more than 400 are expected to attend. The event is presented by the Zell Lurie Institute’s Center … Continue reading “Michigan Growth Capital Symposium”
Michigan Film Investment Summit
Tax incentives have made Michigan into a new center for filmmaking, and investors who are interested in hopping onboard are invited to the Michigan Film Investment Summit April 22 at the MSU Management Education Center at 811 W. Square Lake Road in Troy. It is hosted by Rising Dragon, a production company based in Detroit. … Continue reading “Michigan Film Investment Summit”
Courting an Investor: Designing a Seductive Business Narrative
This awfully sexy title for a workshop comes from Automation Alley, which is holding the event for entrepreneurs who want to understand the mindset of investors, learn the components of a successful investment pitch and hone their own approach to funding. Attendees will walk away with 2- and 10-minute pitch templates, information on the investor … Continue reading “Courting an Investor: Designing a Seductive Business Narrative”
Targeted Genetics Cuts 3 Directors
Targeted Genetics, the Seattle-based developer of gene therapies, said today that three of the six members of its board of directors have stepped down. They departures aren’t because of a boardroom disagreement, but are intended to help save costs, Targeted said in a statement. Joseph Davie, Roger Hawley, and Nelson Levy have left the board, … Continue reading “Targeted Genetics Cuts 3 Directors”
Oracle Scoops Up Phase Forward for $685 Million
Phase Forward (NASDAQ: [[ticker:PFWD]]), the Waltham, MA-based maker of software that helps pharmaceutical companies manage clinical trials of new drugs, will be acquired by California database giant Oracle (NASDAQ: [[ticker:ORCL]]), the companies announced today. Phase Forward, which is fetching a price of $685 million or $17 per share, will become part of Oracle’s Health Sciences … Continue reading “Oracle Scoops Up Phase Forward for $685 Million”
Avelas Biosciences, Startup from UCSD Nobel Laureate, Seeks to Spot and Bomb Tumors
Roger Tsien, the UC San Diego professor who won the 2008 Nobel Prize for chemistry, has spent his career creating ways to help scientists look inside living cells, using fluorescent molecular tags that only bind to certain structures. Now his vision is to apply some of what he’s learned to help surgeons remove tumors by … Continue reading “Avelas Biosciences, Startup from UCSD Nobel Laureate, Seeks to Spot and Bomb Tumors”
For General Corporate Purposes: A Roundup of San Diego Startups Raising Capital
Startup companies have been busy raising capital over the past few weeks, which include some time when I was out of the country. In a bid to catch up, I’ve collected these recent deals to help you catch up as well. —Ambit Biosciences disclosed in a regulatory filing that it has raised $12 million out … Continue reading “For General Corporate Purposes: A Roundup of San Diego Startups Raising Capital”
Online Notebook Smackdown: Evernote Vs. Springpad
I’m a digital pack rat, which means I tend to get unreasonably excited about online notekeeping systems. I’m driven by the conviction that there’s got to be one best way to use the Internet to save and retrieve every bit of information I might want to look at later, whether that means Web clippings, important … Continue reading “Online Notebook Smackdown: Evernote Vs. Springpad”
Glympse Rolls Out Facebook Tie-In, Looks to Gain Traction in Location-Aware Social Networks
Question: Where is Glympse? Answer: Getting more socially connected. The Redmond, WA, startup, which makes location-based software for mobile phones, is announcing today it has integrated its service with Facebook. This means consumers can automatically share where they are in real-time with certain friends and contacts in their social network via their iPhone or Android … Continue reading “Glympse Rolls Out Facebook Tie-In, Looks to Gain Traction in Location-Aware Social Networks”
Genzyme Activist Joins Board, Agios Clinches Deal With Celgene, Third Rock Seeks $400M New Fund, & More Boston-Area Life Sciences News
Looks like last week’s flurry of information technology news is long gone. Headlines of partnerships, board appointments, and venture funding in biotech companies made it a busy life sciences news week for us. —MedVentive, a Waltham, MA-based provider of software for tracking medical data, raised a $10 million series C round. MedVentive got part of … Continue reading “Genzyme Activist Joins Board, Agios Clinches Deal With Celgene, Third Rock Seeks $400M New Fund, & More Boston-Area Life Sciences News”
Fidelis Security Systems Garners $2,300,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bef6ee68-530c-41ba-b978-d0d2a2510ba0&Preview=1 Date 4/16/2010 Company Name Fidelis Security Systems Mailing Address 1601 Trapelo Road Waltham, MA 02451 Company Description Fidelis Security Systems’s DataSafe is the first Extrusion Prevention System and the only network security solution that prevents the unauthorized network transfer of critical or sensitive information on gigabit speed networks. Website http://www.fidelissecurity.com Transaction … Continue reading “Fidelis Security Systems Garners $2,300,000 New Round”
Prosper Marketplace Obtains $14,700,000 Series D Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=52fffd78-e7af-44c4-b40a-7adcc0349c6f&Preview=1 Date 4/16/2010 Company Name Prosper Marketplace Mailing Address 111 Sutter Street 22nd Floor San Francisco, CA 94104 Company Description Prosper, America’s first people-to-people lending marketplace, was created to make consumer lending more financially and socially rewarding for everyone. Website http://www.prosper.com Transaction Type Venture Equity Transaction Amount $14,700,000 Transaction Round Series D … Continue reading “Prosper Marketplace Obtains $14,700,000 Series D Funding Round”
Milyoni Garners New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=592c2ef9-40bc-4154-bb16-a324f024c14b&Preview=1 Date 4/16/2010 Company Name Milyoni Mailing Address 3201 Danville Blvd Alamo, CA 94507 Company Description Transform your social networking strategy into the social commerce age. Some things in retail never change. The right product, the right price at the right place. Today the retail landscape has changed dramatically. Today you must … Continue reading “Milyoni Garners New Financing Round”
RFID Invest Acquires InSync Software for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b99ecdae-4207-47fc-a18b-9c1b786675a1&Preview=1 Date 4/16/2010 Company Name InSync Software Mailing Address 224 Airport Parkway San Jose, CA 95110 Company Description InSync Software is pioneering a new class of Sense and Respond applications at the edge of the enterprise that leverage the internet, RFID, and sensor based technology to enable the transparent supply chain. Website … Continue reading “RFID Invest Acquires InSync Software for Undisclosed Sum”
AppFirst Receives New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1b0304a0-b2cd-4f75-9a64-4f02f888d685&Preview=1 Date 4/16/2010 Company Name AppFirst Mailing Address 6 W. 14th Street New York City, NY 10011 Company Description AppFirst was founded in 2009 by industry veterans to solve the gap of operational excellence. There are just a few software companies that have achieved operational excellence but have done so at great … Continue reading “AppFirst Receives New Financing Round”
TEDx Seattle
Info, program, and registration here. Convening Community Through Social Technologies: Stories from Puget Sound to Cape Town A Livestream of TEDx Seattle will be made available this Friday, April 16th right here on our website. Stay tuned! This regional TEDx event will bring together great minds in creativity, scholarship, and entrepreneurship to discuss the possibilities … Continue reading “TEDx Seattle”
Twiistup: Raising Capital from Angel Investors
Info and registration here. Startup Sessions – Raising Capital from Angel Investors (first in a monthly series). Angel Investors Andy Sack and Geoff Entress of the Founder’s Co-op will explain the details and nuances of raising capital from Angel Investors. Andy and Geoff are two of the most active Angel Investors in the Pacific Northwest. … Continue reading “Twiistup: Raising Capital from Angel Investors”
Mirabilis Nabs $1M for Ultrasound
Mirabilis Medica, the Bothell, WA-based developer of ultrasound technology to treat uterine fibroids, has raised $1 million in debt and options out of a financing round that could be worth $2 million, according to a regulatory filing. This company, which Xconomy profiled last June, said last year it had raised $11 million since inception from … Continue reading “Mirabilis Nabs $1M for Ultrasound”
Microsoft Talks Kin Phone, Tightens Twitter Ties, Dominates Human-Computer Interactions—A Redmond Roundup
It has been a busy week indeed in Microsoft land. While the man on the street has been scrambling to file his taxes, the Redmond, WA, company has been making headway in smartphones, real-time search, and other important areas. Let’s get right to the highlights: Microsoft talks up Kin “social phone” This is a phone … Continue reading “Microsoft Talks Kin Phone, Tightens Twitter Ties, Dominates Human-Computer Interactions—A Redmond Roundup”
Bootstrapping or VC? One Company’s Path
I was recently headed down the fund-raising road with one of my technology startup clients, when something strange happened. This client is a company founded by entrepreneurs with accomplished backgrounds. They came up with a novel idea and had developed it over the previous 24 months. Their product had been commercially released, and they were … Continue reading “Bootstrapping or VC? One Company’s Path”
New President at Sanford-Burnham
The Sanford-Burnham Medical Research Institute said today it has promoted Kristina Vuori to president, from her previous position as executive vice president of scientific affairs. The San Diego-based research center said Vuori will continue to manage her cancer research laboratory and remain director of Sanford-Burnham’s National Cancer Institute-designated cancer center. John Reed will continue as … Continue reading “New President at Sanford-Burnham”
Anadys Shares Climb on Updated Look at Hepatitis C Drug Trial
Anadys Pharmaceuticals (NASDAQ: [[ticker:ANDS]]) is on the roller coaster again. The San Diego-based biotech company’s shares are up 17 percent this morning after it reported on another interim analysis of its hepatitis C clinical trial at a medical meeting in Europe. Researchers found that 72 percent of patients who got Anadys’ experimental drug (ANA598) and … Continue reading “Anadys Shares Climb on Updated Look at Hepatitis C Drug Trial”
Histogen Sees Hair-Raising Results, Avalon Ventures Mulls Raising a New Fund, AtheaDX Closes Funding Round, & More San Diego Life Sciences News
We heard in the past week from key experts who shared their views on the funding climate and the potential of emerging computational technologies. Our recap follows. —Histogen said its Hair Stimulating Complex produced “statistically significant” new hair growth after one year among the 24 balding patients who participated in a clinical trial conducted in … Continue reading “Histogen Sees Hair-Raising Results, Avalon Ventures Mulls Raising a New Fund, AtheaDX Closes Funding Round, & More San Diego Life Sciences News”
Genocea Gets $2.7M for Malaria Vaccine
Genocea Biosciences, the Cambridge, MA-based developer of vaccines, said today it has been granted $2.7 million to work on discovering a new malaria vaccine. The grant is from the U.S. Army Medical Research and Materiel Command as part of a research collaboration with the Naval Medical Research Center. Genocea will use its technology to find … Continue reading “Genocea Gets $2.7M for Malaria Vaccine”
Cell Therapeutics Cuts 36 Employees
Cell Therapeutics (NASDAQ: [[ticker:CTIC]]), the Seattle-based biotech company, said it has cut 36 jobs to conserve cash. The move comes less than a week after the company’s application to sell a new drug for non-Hodgkin’s lymphoma was rejected by the FDA. The company says it now expects to spend about $60 million on operations this … Continue reading “Cell Therapeutics Cuts 36 Employees”
Taligen Adds Maraganore to Board
Taligen Therapeutics, the Cambridge, MA-based developer of treatments for inflammatory and autoimmune disorders, said today it has added John Maraganore to its board of directors. Maraganore is the CEO of Cambridge, MA-based Alnylam Pharmaceuticals (NASDAQ: [[ticker:ALNY]]) a leader in developing RNA interference treatments. Separately, Taligen said it added two members to its management team: Sven … Continue reading “Taligen Adds Maraganore to Board”
Daily Grommet Raises $3.4 Million
The Daily Grommet just hit the daily double. The Lexington, MA-based startup, which scouts out consumer products from colorful, progressive, relatively unknown manufacturers and promotes one such “grommet” each day through online videos, announced today that it has closed the first tranche of its Series A funding round at $3.4 million. Existing investors LaunchCapital and … Continue reading “Daily Grommet Raises $3.4 Million”
Celgene Pumps $130M Upfront into Agios Pharma for Drugs that Starve Cancer Cells
[Updated, 4/15/10, 11:07 am ET—See editor’s note] Hungry cancer cells beware. Cambridge, MA-based Agios Pharmaceuticals has become $130 million richer through its new deal with the venerable drugmaker Celgene to advance drugs intended to starve cancer cells to death, the companies report this morning. Summit, NJ-based Celgene (NASDAQ:[[ticker:CELG]]) is paying big bucks to Agios in … Continue reading “Celgene Pumps $130M Upfront into Agios Pharma for Drugs that Starve Cancer Cells”
Dendreon Hires HR Boss
Dendreon (NASDAQ: [[ticker:DNDN]]), the Seattle-based developer of immune-stimulating therapies for cancer, said today it has hired Richard Ranieri as its new senior vice president for human resources starting on April 19. Ranieri was formerly the executive vice president of human resources at Sepracor, which was acquired last September by Dainippon Sumitomo for $2.6 billion. Ranieri … Continue reading “Dendreon Hires HR Boss”
Genzyme Adds Whitworth to Board, Agrees to Add One More Director to Activist’s Liking
Genzyme (NASDAQ: [[ticker:GENZ]]]), the Cambridge, MA-based biotech giant, said today it has added Ralph Whitworth of Relational Investors in San Diego to its board, confirming a report from last night by the Wall Street Journal. Whitworth, who oversees a $6 billion fund that is one of Genzyme’s largest shareholders, will now have inside access to … Continue reading “Genzyme Adds Whitworth to Board, Agrees to Add One More Director to Activist’s Liking”
Catabasis Pharmaceuticals Pockets $7.7M out of $40M Venture Round
Catabasis Pharmaceuticals has just raised a load of cash. The Cambridge, MA-based biotech company has raked in an initial $7.7 million in equity financing out of a venture round that could be worth as much as $39.7 million, according to a regulatory filing. The company, which lists an address at 161 First Street in Cambridge, … Continue reading “Catabasis Pharmaceuticals Pockets $7.7M out of $40M Venture Round”