When I visited WorldWinner back in March 2008, executives at the Newton, MA-based game developer were excited about the company’s ongoing integration with the Game Show Network (GSN) and by its success attracting huge numbers of people—some 26 million each year—to its tournament-based online casual games. But chief technology officer Michael Enright, answering a question … Continue reading “Casual Games Maker WorldWinner Falls into Facebook’s Orbit”
Dendreon’s Pricing Question, UW’s $300M Stimulus Windfall, Cell Therapeutics Rejected by FDA, & More Seattle-Area Life Sciences News
One of Seattle’s oldest biotech companies was rejected by U.S. drug regulators in the past week, while another is on pins and needles awaiting what most analysts expect will be an imminent FDA approval. —How much will people pay for a new prostate cancer drug that will help men live a median of four months … Continue reading “Dendreon’s Pricing Question, UW’s $300M Stimulus Windfall, Cell Therapeutics Rejected by FDA, & More Seattle-Area Life Sciences News”
MassChallenge Launches $1 Million Global Business Competition to Fuel State’s Innovation Economy
MassChallenge, a Boston-area nonprofit focused on encouraging innovation, is “convinced that entrepreneurship is the answer” for everything to unemployment to the housing crisis to pollution, in the words of CEO and co-founder John Harthorne. To put its money where its mouth is, the organization is unleashing a global startup competition with $1 million available in … Continue reading “MassChallenge Launches $1 Million Global Business Competition to Fuel State’s Innovation Economy”
Catabasis Pharmaceuticals Secures $7,700,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0b53ebc6-9820-41c1-90a3-1da5f7f2ce5d&Preview=1 Date 4/15/2010 Company Name Catabasis Pharmaceuticals Mailing Address 161 First Street Cambridge, MA 02142 Company Description At Catabasis we are dedicated to the discovery and development of innovative, effective and safe medicines to treat inflammatory and metabolic diseases. We have assembled a team of highly motivated and experienced scientists who are … Continue reading “Catabasis Pharmaceuticals Secures $7,700,000 New Financing”
Daily Grommet Garners $3,400,000 Series A Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ed0467d1-ab5f-4d4c-b2a1-94b4fc931e4b&Preview=1 Date 4/15/2010 Company Name Daily Grommet Mailing Address 6 Wallis Court Lexington, MA 02421 Company Description At the heart of it, we’re a bunch of regular folks with a passion for finding Grommets; wonderful products–with interesting stories–that people would love to know about. We’re independent—no one pays us to select a … Continue reading “Daily Grommet Garners $3,400,000 Series A Funding Round”
MediaMath Acquires Adroit Interactive for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d74ff013-c6d3-4ad2-b760-e09e76ec8429&Preview=1 Date 4/15/2010 Company Name Adroit Interactive Mailing Address 945 Concord Street Framingham, MA 01701 Company Description Adroit Interactive was founded by a team of former ad agency executives and technologists who saw a problem that needed a solution. The problem is one that every agency and brand faces: how to make … Continue reading “MediaMath Acquires Adroit Interactive for Undisclosed Sum”
Oracle Corp. Acquires Phase Forward for $685,000,000
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6fe2b02e-32b1-4ebf-b6ed-d9b725cfa009&Preview=1 Date 4/15/2010 Company Name Phase Forward Mailing Address 880 Winter Street Waltham, MA 02451 Company Description Phase Forward (Nasdaq: PFWD) is a leading provider of integrated data management solutions for clinical trials and drug safety. The company offers proven solutions for electronic data capture (InForm(TM)), clinical data management (Clintrial(TM)), clinical trials … Continue reading “Oracle Corp. Acquires Phase Forward for $685,000,000”
Mirabilis Medica Secures $1,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1b79b4e8-f412-4436-9bbb-3b714a315fc7&Preview=1 Date 4/15/2010 Company Name Mirabilis Medica Mailing Address 18706 North Creek Parkway Bothell, WA 98011 Company Description Develops and designs Ultrasound technology for medical imaging. Website http://www.mirabilismedica.com Transaction Type Debt Transaction Amount $1,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Undisclosed
Xobni Secures $16,200,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0c77938e-ace9-4940-990b-17c31c7b44e1&Preview=1 Date 4/15/2010 Company Name Xobni Mailing Address 539 Bryant St San Francisco, CA 94107 Company Description We started Xobni because we realized there was an amazing opportunity to leverage our abilities in machine learning and statistical modeling to “take back” the email inbox for our users. Website http://www.xobni.com Transaction Type Venture … Continue reading “Xobni Secures $16,200,000 New Round”
Pubmatic Lands $7,500,000 Series C Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2b6a7d51-7400-434c-8992-4b12046777a7&Preview=1 Date 4/15/2010 Company Name Pubmatic Mailing Address 444 High St 4th Floor Palo Alto, CA 94301 Company Description PubMatic is the world’s first service that increases Web publishers’ revenue by automating and optimizing ad serving decisions. Publishers use PubMatic to significantly increase their ad sales revenue by optimizing across leading ad … Continue reading “Pubmatic Lands $7,500,000 Series C Round”
VaxGen Acquires diaDexus for $28,000,000
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ebdc1bbf-269e-4a99-bfb3-04f3092e0d50&Preview=1 Date 4/15/2010 Company Name diaDexus Mailing Address 343 Oyster Point Boulevard South San Francisco, CA 94080-1913 Company Description diaDexus was formed in 1997 as a joint venture by SmithKline Beecham and Incyte. SmithKline Beecham granted diaDexus an exclusive license to certain diagnostic intellectual property, and Incyte contributed free access to its … Continue reading “VaxGen Acquires diaDexus for $28,000,000”
Spredfast Receives $1,600,000 Series A Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5ccb7f67-e770-4acc-a47f-625172e1cb94&Preview=1 Date 4/15/2010 Company Name Spredfast Mailing Address 412 Congress Ave 2nd Floor Austin, TX 78701 Company Description Spredfast’s social media campaign management platform allows organizations to manage, monitor, and measure their messages and voices across multiple social media channels. As the first comprehensive social media dashboard, social media engagement through Spredfast … Continue reading “Spredfast Receives $1,600,000 Series A Round”
Aptera Rolls Out Newest Model, Says It’s On the Road to Financial Stability
After lying low for much of the past year, startup automaker Aptera Motors of Vista, CA, said it has secured at least $10 million in VC funding and unveiled the latest version of its three-wheel vehicle—powered entirely by a battery from A123 Systems of Watertown, MA. At a media briefing staged yesterday in the hangar … Continue reading “Aptera Rolls Out Newest Model, Says It’s On the Road to Financial Stability”
Foundation Medicine Raises $25M to Get to the Bottom of Cancer Genomes
The trick to beating cancer could be a single test that shows all known genetic traits in each person’s tumor, and that also matches those results to the best treatments. Boston-based Foundation Medicine reports today that it has raised the first part of a planned $25 million round of Series A venture funding to make … Continue reading “Foundation Medicine Raises $25M to Get to the Bottom of Cancer Genomes”
Genzyme Adds Whitworth to Board, WSJ Says
Genzyme (NASDAQ: [[ticker:GENZ]]), the Cambridge, MA-based biotech giant, has agreed to add Ralph Whitworth, the prominent San Diego activist investor, to its board of directors immediately, according to a report this evening on the Wall Street Journal’s website, which cited a person familiar with the matter. Adding Whitworth could make things more difficult for another … Continue reading “Genzyme Adds Whitworth to Board, WSJ Says”
PerkinElmer Buys Signature for $90M
PerkinElmer (NYSE: [[ticker:PKI]]), the maker of scientific instruments based in Waltham, MA, said today it has agreed to acquire Spokane, WA-based Signature Genomic Laboratories for about $90 million in cash, according to a regulatory filing. The move will enable PerkinElmer to strengthen its genetic testing services and expand into molecular diagnostics, particularly cancer diagnostics, according … Continue reading “PerkinElmer Buys Signature for $90M”
Concur Goes Convertible, Frazier and Arch Back Achaogen, Lucid Commerce Gets Cash, & More Seattle-Area Deals News
Done your taxes yet? If so, sit back, relax, and enjoy this rundown of the week’s deals in the Northwest. It’s a mix of software and biotech financings, some encouraging (and not so encouraging) regional and national venture capital stats, and a new crop of inspiring startups. —Lucid Commerce, a Seattle provider of business intelligence … Continue reading “Concur Goes Convertible, Frazier and Arch Back Achaogen, Lucid Commerce Gets Cash, & More Seattle-Area Deals News”
For A123, Government Funding Brings Both Job Creation and Innovation, CEO Says
A123Systems president and CEO David Vieau says some investors have questioned whether the company’s aggressive pursuit of federal funding for lithium-ion battery production is a sign that the company doesn’t have a sustainble business without government support. But for A123 (NASDAQ: [[ticker:AONE]]), “it really is about jobs,” Vieau said yesterday at a fireside chat-style discussion … Continue reading “For A123, Government Funding Brings Both Job Creation and Innovation, CEO Says”
Histogen Reports Lasting Effects In Small Study of Baldness Treatment
Few life sciences companies have gotten as much mileage from a pilot trial that enrolled two dozen patients as San Diego’s Histogen, a startup developing a variety of therapies derived from human cells that are grown in the laboratory. On the other hand, we have discovered at Xconomy that the appetite for news about potential … Continue reading “Histogen Reports Lasting Effects In Small Study of Baldness Treatment”
Lucid Commerce Closes $5M Series B
[Updated 12:20pm, 4/14/10] Seattle-based Lucid Commerce, a provider of business intelligence software and data for direct marketers, has closed a Series B funding round, according to a report in VentureWire this morning. New York-based Greycroft Partners, a new investor, co-led the round together with OVP Venture Partners in Kirkland, WA, which has confirmed that the … Continue reading “Lucid Commerce Closes $5M Series B”
Schupbach Takes NEA Role
Jason Schupbach, the first state official in the country tasked with promoting the “creative economy,” will be leaving his position with the Massachusetts Office of Business Development effective May 5 to become director of design at the National Endowment for Arts in Washington, D.C., the NEA announced today. Schupbach’s role at the endowment will be … Continue reading “Schupbach Takes NEA Role”
AltheaDX Closes $6M A Round
AltheaDx, a San Diego-based developer of molecular diagnostics, reported yesterday that it had closed its $6 million Series A round of funding. Telegraph Hill Partners, of San Francisco, led the funding round. In September, AltheaDx filed papers with the SEC to report $3.6 million it had raised in the first-round financing. Magda Marquet, founder and … Continue reading “AltheaDX Closes $6M A Round”
Third Rock Eying $400M Second Fund
Third Rock Ventures, a Boston venture firm focused on life sciences investments, has filed papers with the SEC to raise a second fund. The proposed amount of the new fund is $400 million, yet the paperwork indicates that none of those funds had been raised as of the April 9 filing. Still, this is good … Continue reading “Third Rock Eying $400M Second Fund”
What’s in a Name? Announcing the Next Xconomy Forum: Healthcare in Transition
When we came up with “Healthcare In Transition” as the title of our next Xconomy Forum on April 26 (register here), we were thinking of a way to crystallize in a few words the changes and progress being made in the digitization of healthcare for the benefit of humanity. (There were similar discussions here prior … Continue reading “What’s in a Name? Announcing the Next Xconomy Forum: Healthcare in Transition”
Life Sciences in San Diego Gets Analytical: A Chat with Paul A. Rejto, Head of Computational Biology at Pfizer Oncology
San Diego’s role in computer analytics dates back to at least 1969, with the founding of Science Applications Inc., now SAIC, which used computer models to predict the effects of nuclear blasts for the Government. Today, a life sciences industry that didn’t exist in San Diego 40 years ago is embracing increasingly powerful computational tools … Continue reading “Life Sciences in San Diego Gets Analytical: A Chat with Paul A. Rejto, Head of Computational Biology at Pfizer Oncology”
Difra Thinks Different about House Design and Construction
Wouldn’t it be great to design and build your own personal house, real cheap? It may sound like a dream, but not for much longer. Difra, a Cambridge, MA, company co-founded by graduates of MIT, is working hard to fulfill this ambition. Their idea is to use computer-aided design and manufacturing software (CAD-CAM) to model … Continue reading “Difra Thinks Different about House Design and Construction”
Dendreon’s Big Question: How Much Will People Pay for Provenge?
How much will people in the U.S. pay for a new prostate cancer drug that helps dying men live a few months longer? This is one of the tricky questions Seattle-based Dendreon (NASDAQ: [[ticker:DNDN]]) is wrestling with these days. The decision will have a significant impact on how successful Dendreon is for years to come. … Continue reading “Dendreon’s Big Question: How Much Will People Pay for Provenge?”
NWEN “First Look” Forum Tells Story of Software Vs. Medical Startups: Online Travel Is the Winner
Variety was the theme of the Northwest Entrepreneur Network’s First Look Forum yesterday at the Arctic Club Hotel, a venerable establishment in downtown Seattle. There were a dozen startup companies with a wide array of ideas, each giving a five-minute pitch to an eclectic audience that included investors, entrepreneurship coaches, media, and sponsors. The startups … Continue reading “NWEN “First Look” Forum Tells Story of Software Vs. Medical Startups: Online Travel Is the Winner”
Nokia Acquires Metacarta, Massachusetts Taps EnerNOC and FloDesign, MedVentive Gets Backing from Clarian Health, & More Boston-Area Deals News
After a slower flow of high-tech transactions last week, dealmaking was back with a bang this week. Companies in industries from energy to e-commerce to life sciences scored early venture rounds, partnership deals, and state contracts. —Gemvara, an e-commerce site for jewelry customizations, announced it raised $5.2 million in Series B money, bringing the Lexington, … Continue reading “Nokia Acquires Metacarta, Massachusetts Taps EnerNOC and FloDesign, MedVentive Gets Backing from Clarian Health, & More Boston-Area Deals News”
Lucid Commerce Lands $4,000,000 Series B Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e6a41e83-4a47-4e6c-883d-42846fb09f50&Preview=1 Date 4/14/2010 Company Name Lucid Commerce Mailing Address 159 S. Jackson St Seattle, WA 98104 Company Description Lucid Commerce provides on-demand business intelligence that combines automatic data consolidation, organization, and analysis for direct marketing companies. Website http://www.lucidcommerce.com Transaction Type Venture Equity Transaction Amount $4,000,000 Transaction Round Series B Proceeds Purposes Proceeds … Continue reading “Lucid Commerce Lands $4,000,000 Series B Round”
Allylix Garners $3,000,000 Series C Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b1915b0f-588b-49fa-8d75-13f295150410&Preview=1 Date 4/14/2010 Company Name Allylix Mailing Address 6020 Cornerstone Court San Diego, CA 92121 Company Description Allylix has developed proprietary technology that allows it to produce a group of natural products called terpenes at low cost. In nature, terpenes are produced by plants in minute quantities to serve a number of … Continue reading “Allylix Garners $3,000,000 Series C Round”
Foundation Medicine Obtains Series A Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7d78ddab-f99b-4703-8fbb-ee0c97c4f585&Preview=1 Date 4/14/2010 Company Name Foundation Medicine Mailing Address 29 Newbury Street Boston, MA 02116 Company Description The trick to beating cancer could be a single test that shows all known genetic traits in each person’s tumor, and that also matches those results to the best treatments. Website Undisclosed Transaction Type Venture … Continue reading “Foundation Medicine Obtains Series A Funding Round”
Maxim Integrated Products Acquires Teridian Semiconductor for $305,000,000
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1caea14d-e5b1-4824-ac96-8773298da6cc&Preview=1 Date 4/14/2010 Company Name Teridian Semiconductor Mailing Address 6440 Oak Canyon Irvine, CA 92618-5201 Company Description By leveraging our leadership position in CMOS mixed-signal IC design and system-on-chip integration processes, Teridian consistently keeps our customers on the leading edge of technology innovations and enables them to capitalize on new market opportunities. … Continue reading “Maxim Integrated Products Acquires Teridian Semiconductor for $305,000,000”
Where I’ve Been Lands $750,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7a2a64c9-56ea-41e3-b72e-83bb5f81a3c8&Preview=1 Date 4/14/2010 Company Name Where I’ve Been Mailing Address 1927 Milwaukee Ave Chicago, IL 60647 Company Description Whether you are filling out your map from your life-changing trip to Cambodia to making dinner reservations on a Friday night, Where I’ve Been now allows its users to find locally, travel globally and … Continue reading “Where I’ve Been Lands $750,000 New Funding Round”
Marketbright Garners New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=665890f4-2f09-47b1-949c-4da1f3eef082&Preview=1 Date 4/14/2010 Company Name Marketbright Mailing Address 1150 Bayhill Dr. San Bruno, CA 94066 Company Description Marketbright is an on-demand marketing automation platform which enables self-service campaign execution, automated lead scoring and qualification, and closed-loop marketing analytics. Website http://www.marketbright.com Transaction Type Corporate Equity Transaction Amount Undisclosed Transaction Round Undisclosed Proceeds Purposes … Continue reading “Marketbright Garners New Funding”
Assistly Receives $2,200,000 Series A Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8d0e2943-0230-4986-baa6-5f66e8f585dc&Preview=1 Date 4/14/2010 Company Name Assistly Mailing Address 425 2nd Street San Francisco, CA 94107 Company Description We are passionate about building technologies and companies that make a difference. Assistly is founded by 4 experienced technology professionals who have worked together for the better part of 2 decades. The team has a … Continue reading “Assistly Receives $2,200,000 Series A Funding”
DebtGoal Lands $2,000,000 Series A Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=02ba593b-61b8-412e-b53d-66659ce13aff&Preview=1 Date 4/14/2010 Company Name DebtGoal Mailing Address 300 Broadway San Francisco, CA 94133 Company Description GoalSpring was founded in early 2008 out of frustration with banks that push products and measure success based on the number of products they sell to each customer rather than how well they help their customers … Continue reading “DebtGoal Lands $2,000,000 Series A Round”
Lending Club Lands $24,500,000 Series C Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0125ef47-ad30-4039-8286-ad3d35843d82&Preview=1 Date 4/14/2010 Company Name Lending Club Mailing Address 370 Convention Way Redwood City, CA 94063 Company Description Lending Club is an online lending community where people can borrow and lend money, bypass the banks, and get better rates. By working together, members can borrow money more easily and at a better … Continue reading “Lending Club Lands $24,500,000 Series C Round”
ServiceMax Lands $8,000,000 Series B Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fb063503-4765-4062-81d8-ec70537c98e9&Preview=1 Date 4/14/2010 Company Name ServiceMax Mailing Address 2560 Mission College Blvd Santa Clara, CA 95054 Company Description Maxplore is the emerging leader in on-demand service management solutions. Maxplore’s ServiceMax is the leading SaaS Service Chain Management & Field Service solution on Force.com platform. Best-in-class companies across the globe use ServiceMax to … Continue reading “ServiceMax Lands $8,000,000 Series B Funding”
OLPC’s Negroponte Honored by Lego Group
It seems only fitting that the creators of one of the most popular children’s toys in history would want to honor the creator of the most successful children’s computer in history. Today the Denmark-based Lego Group, of plastic brick fame, announced that it has awarded its $100,000 Lego Prize to Nicholas Negroponte, founder of the … Continue reading “OLPC’s Negroponte Honored by Lego Group”
$7M to Searchandise, Led by Madrona
Searchandise Commerce, a Beverly, MA-based company that provides an online media network for manufacturers and retail partners, has landed $7 million in Series 2 financing, led by Seattle’s Madrona Venture Group, the company announced today. Existing Searchandise investors Cloquet Capital Partners, DFJ Gotham Partners, Draper Associates, Inflection Point Ventures, Milestone Venture Partners, and Wheatley Partners … Continue reading “$7M to Searchandise, Led by Madrona”
MicroCHIPS, Nimbit, and Xcellerex Hire New CEOs
There’s the old saying that things happen in threes. That’s true this week in Boston, where three tech companies have announced new CEOs. Two of the moves came in the life science sector, at MicroCHIPS and Xcellerex, and the third involved online music marketing site Nimbit. Read below for the details on each company’s new … Continue reading “MicroCHIPS, Nimbit, and Xcellerex Hire New CEOs”
Beaming Power to UAVs, Space Elevators, and Someday, Earth: The LaserMotive Plan
Think it’s possible to shoot down a swarm of buzzing mosquitoes in mid-air? Or maybe you want to power up a remote flying vehicle? Tom Nugent is your man. The Seattle-area entrepreneur just might be the most versatile guy with a laser you’ve ever met. Yes, a laser. Until recently, Nugent worked in the laboratory … Continue reading “Beaming Power to UAVs, Space Elevators, and Someday, Earth: The LaserMotive Plan”
Alkermes Files Drug App With FDA
Alkermes (NASDAQ: [[ticker:ALKS]]), the Waltham, MA-based biotech company, is announcing today it has filed an application with the FDA to start marketing a long-lasting version of naltrexone (Vivitrol) for people who are addicted to opioid-based narcotics. The Alkermes treatment, a once-monthly injection, is already approved by the FDA for treating alcohol dependence. Alkermes has asked … Continue reading “Alkermes Files Drug App With FDA”
MeLLmo’s Roambi Business Visualization App Comes to iPad, Links to More Data Sources
If you want your company to buy you an iPad or an iPhone, here’s a tip. Get someone from MeLLmo to stop by and show its data visualization software to your firm’s CEO, CFO, or COO. The Del Mar, CA-based startup’s mobile business app, called Roambi, plugs into enterprise business-intelligence systems and creates interactive charts … Continue reading “MeLLmo’s Roambi Business Visualization App Comes to iPad, Links to More Data Sources”
Massachusetts Venture Funding Slimmed Down to $194 Million in March, But Healthcare Investing Swelled
It’s no question that March was a disorderly month. Here in New England, 70-degree days were quickly followed by record flooding for the region. The NCAA tournament saw major upsets in nearly every round (only for Duke to win the championship in the end.) Oh, and a little something called healthcare reform was signed into … Continue reading “Massachusetts Venture Funding Slimmed Down to $194 Million in March, But Healthcare Investing Swelled”
Wings, the Medical Device Angel Network, Poised for Lift-Off at Initial Meeting
The Northwest’s new medical device angel investing network, called Wings, is showing more signs that it is starting to get off the ground. Three local medical device startups have been picked by the Wings selection committee to give 10-minute talks at the angel network’s inaugural invitation-only meeting this Wednesday. The entrepreneurs made it through a … Continue reading “Wings, the Medical Device Angel Network, Poised for Lift-Off at Initial Meeting”
SpaceClaim Captures $5 Million Series D Funding to “Democratize” 3D Modeling
Concord, MA-based SpaceClaim has raised an additional $5 million in Series D funding, bringing its total venture pot to just over $30 million, president and CEO Chris Randles told Xconomy yesterday. The four-year-old startup sells 3D modeling software for non-engineers, and has been enjoying explosive growth over the past year, according to Randles. The funds … Continue reading “SpaceClaim Captures $5 Million Series D Funding to “Democratize” 3D Modeling”
Venture Activity Report Charts Surge in Energy and Cleantech Investments, Smaller-Sized Deals
Venture investments continued to improve during the first three months of 2010, led by a strong comeback in both dollars and deals involving startups focused on energy and utilities, according to a national report released today by CB Insights, the New York private company intelligence firm previously known as ChubbyBrain. Venture firms sank $5.9 billion … Continue reading “Venture Activity Report Charts Surge in Energy and Cleantech Investments, Smaller-Sized Deals”
Mersana Strikes Deal With Teva Worth up to $334M for Long-Lasting Cancer Drug
Mersana Therapeutics has snagged its first big partnership. The Cambridge, MA-based company that makes drugs last longer in the bloodstream has formed an alliance with Israel-based Teva Pharmaceutical Industries that could be worth as much as $334 million over time for developing a new polymer-based drug for cancer and other diseases. Mersana isn’t saying how … Continue reading “Mersana Strikes Deal With Teva Worth up to $334M for Long-Lasting Cancer Drug”