Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=baeac09c-3132-430d-9517-c60c3af6bab2&Preview=1 Date 3/29/2010 Company Name Fulcrum Microsystems Mailing Address 26630 Agoura Road Calabasas, CA 91302 Company Description Fulcrum Microsystems Inc. is a fabless semiconductor company. The company pioneered the market for low-latency component interconnects, and is focused on leveraging its innovative clockless semiconductor design technology to field a complete line of standards-based … Continue reading “Fulcrum Microsystems Receives $15,000,000 Series F Financing Round”
Thermalin Diabetes Obtains $250,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2aa0e51a-eae9-4a3a-a311-1480c25a8d33&Preview=1 Date 3/29/2010 Company Name Thermalin Diabetes Mailing Address Undisclosed Cleveland , OH 44101 Company Description Thermalin Diabetes Inc. is developing a portfolio of insulin analogs to address both the fast-acting and long-acting insulin markets. Website http://www.thermalin.com Transaction Type Venture Equity Transaction Amount $250,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were … Continue reading “Thermalin Diabetes Obtains $250,000 New Funding Round”
Hostway Lands $110,000,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6cd2b701-1f07-42a7-a2f1-80f495b92bd6&Preview=1 Date 3/29/2010 Company Name Hostway Mailing Address 100 N Riverside Chicago, IL 60606 Company Description Since opening our doors in 1998, Hostway has been committed to bringing the power of the Internet to our customers across the globe with innovative and easy-to-use products that are supported by unmatched customer service. One … Continue reading “Hostway Lands $110,000,000 New Financing Round”
Hemosphere Garners $9,350,000 Series A Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1bbc2045-7846-42b1-9787-ed1106f9e0b5&Preview=1 Date 3/29/2010 Company Name Hemosphere Mailing Address Undisclosed Eden Prairie, MN 55343 Company Description Hemosphere Inc., an Eden Prairie, Minn.-based maker of vascular access devices for dialysis patients. Website http://www.hemosphere.com Transaction Type Venture Equity Transaction Amount $9,350,000 Transaction Round Series A Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture … Continue reading “Hemosphere Garners $9,350,000 Series A Financing”
Nokia Acquires Novarra for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d40d96ae-7dcd-48d0-bba9-8d002e973e56&Preview=1 Date 3/29/2010 Company Name Novarra Mailing Address One Pierce Place Itasca, IL 60143 Company Description Novarra is the leader in Internet content transformation. Our solutions include rich operator portals, full Web and mobile search for mass-market phones to high-tier wireless devices. Website http://www.novarra.com Transaction Type M&A Transaction Amount Undisclosed Transaction Round … Continue reading “Nokia Acquires Novarra for Undisclosed Sum”
Daintree Networks Lands $8,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6147e432-5978-4ebc-bfcf-2a3f258fc1d0&Preview=1 Date 3/29/2010 Company Name Daintree Networks Mailing Address 1503 Grant Road Mountain View, CA 94040 Company Description Based in Mountain View, California, with an R&D facility in Melbourne, Australia, Daintree Networks is a clean technology company that provides wireless control solutions for commercial buildings. Website http://www.daintree.net Transaction Type Debt Transaction Amount … Continue reading “Daintree Networks Lands $8,000,000 New Funding Round”
Quora Obtains $11,000,000 Series A Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=985412dd-fb06-4916-ab41-cd3c7c32c02d&Preview=1 Date 3/29/2010 Company Name Quora Mailing Address Undisclosed Palo Alto, CA 94300 Company Description Quora is a continually improving collection of questions and answers created, edited, and organized by everyone who uses it. The most important thing is to have each question page become the best possible resource for someone who … Continue reading “Quora Obtains $11,000,000 Series A Funding”
Payvment Garners $1,150,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=67b0e541-8a39-45b3-8b81-e62a090facdf&Preview=1 Date 3/29/2010 Company Name Payvment Mailing Address 650 5th Street San Francisco, CA 94107 Company Description Payvment’s shopping cart was developed from the ground up as a Web Service. This means it requires no programming or purchasing of shopping cart software, and is easy to add to any website. To use … Continue reading “Payvment Garners $1,150,000 New Funding”
Scientific Conservation Lands $5,000,000 Series A Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f73f398f-6cbb-480f-9184-e6a544d00ecc&Preview=1 Date 3/29/2010 Company Name Scientific Conservation Mailing Address 2107 Dwight Way Berkeley, CA 94704 Company Description Scientific Conservation (SCI) is revolutionizing energy efficiency and operational accountability for the multi-billion dollar commercial building market with a breakthrough “Automated Continuous Commissioning” (ACC) solution that can help slash annual energy spending 15 – 25%. … Continue reading “Scientific Conservation Lands $5,000,000 Series A Funding”
Wix.com Secures $10,000,000 Series C Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cedd61ae-dab2-48ed-90f8-6d8ab3940807&Preview=1 Date 3/29/2010 Company Name Wix.com Mailing Address Undisclosed New York, NY 10115 Company Description The company develops online applications for flash content. Website http://www.wix.com Transaction Type Venture Equity Transaction Amount $10,000,000 Transaction Round Series C Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Benchmark Capital Venture Investor Bessemer … Continue reading “Wix.com Secures $10,000,000 Series C Funding”
Happy Crowds of Gamers Pack PAX East—Day 1 Report, Plus Photos
One thing was clear from the moment conference organizers opened the doors for the PAX East gaming expo at the Hynes Convention Center Friday afternoon: they’re going to need a bigger venue next year. Lines to enter the massive meeting, a three-day festival for fans of console and PC video gaming, online gaming, and even … Continue reading “Happy Crowds of Gamers Pack PAX East—Day 1 Report, Plus Photos”
PAX East—The Slide Show
NEXT IMAGE >> Made in MA — The night before PAX East began, the Mass Tech Leadership Council welcomed a crowd of 800 game enthusiasts to a “Made in MA” party (held at Microsoft’s New England R&D Center) designed to celebrate the work of local game developers. photo by Wade Roush
Young Scientists, Engineers Strut Their Stuff on Stage Where Sonics Used to Roam
Seattle’s KeyArena was rocking this morning. I walked in around 9 am, and heard the Guns N’ Roses hard rock anthem “Welcome to the Jungle” blaring from the speakers. Referees in pinstriped uniforms monitored every move of the gladiators on display. School mascots led the crowd in clapping, stomping, and cheering. “RO-bots! RO-bots! RO-bots!” You … Continue reading “Young Scientists, Engineers Strut Their Stuff on Stage Where Sonics Used to Roam”
Heavy-Duty Hybrid-Electric Drive Maker Discloses its IPO—In Canada
Oops. In a debut that was largely overlooked by market watchers in San Diego and elsewhere, heavy-duty hybrid-electric drive systems maker ISE Corp. has announced its successful IPO last month on the Toronto Stock Exchange (TSX) under the ticker symbol ISE. The company, based in suburban Poway, CA, says its initial public offering of 3.45 … Continue reading “Heavy-Duty Hybrid-Electric Drive Maker Discloses its IPO—In Canada”
Nine Years in the Making, Seattle BioMed’s Malaria Vaccine On Verge of First Human Trial
In just a few weeks, the folks at Seattle Biomedical Research Institute will start gathering precious bits of evidence on whether they’ve discovered something truly valuable over the past nine years. The global health nonprofit is on the verge of starting its first human clinical trial of a malaria vaccine, which it hopes will someday … Continue reading “Nine Years in the Making, Seattle BioMed’s Malaria Vaccine On Verge of First Human Trial”
The Active Network Stops for Overhaul Following a Decade of Acquisitions
About as far back as I can remember, The Active Network usually has made at least one acquisition by this time of year. But it’s been a silent spring over at Active HQ in San Diego’s Sorrento Valley, where the venture-backed company develops software that customers use to manage recreational sports events, including online registration, … Continue reading “The Active Network Stops for Overhaul Following a Decade of Acquisitions”
Azigo Gets $1.8M
Azigo, a Wellesley, MA-based maker of software that seeks to securely consolidate users’ various online account information, has pulled in a $1.8 million equity offering, an SEC filing reveals. Ten investors participated in the round for Azigo, which was originally named Parity Communications.
Under the Radar in February: Five Northwest Startup Financings You Haven’t Heard About
For startups, it seems no amount of funding is too small. At least that’s what we like to keep in mind when analyzing monthly financings for area companies. February’s list of under-the-radar deals for Northwest startups was half as long as January’s, at just five deals. On the bright side, all five of the February … Continue reading “Under the Radar in February: Five Northwest Startup Financings You Haven’t Heard About”
Biogen Idec Reaches Deal With Icahn, Ironwood CEO Shares IPO Strategy, Luke Maps out the Genetics Institute Diaspora, & More Boston-Area Life Sciences News
This week saw new leadership at a couple of New England’s life sciences companies, some wisdom from one of its newly public companies, and a new truce in one of its long-running power struggles. —Luke tracked down close to 200 alumni of legendary Boston-area biotech firm Genetics Institute, which was acquired in 1996 by Wyeth. … Continue reading “Biogen Idec Reaches Deal With Icahn, Ironwood CEO Shares IPO Strategy, Luke Maps out the Genetics Institute Diaspora, & More Boston-Area Life Sciences News”
Adaptive TCR, a Fred Hutch Spinoff, Nabs $4.5M to Uncover Immune System Secrets
Seattle experts in computer science and immunology are rallying around a new spinoff company from the Fred Hutchinson Cancer Research Center. Seattle-based Adaptive TCR has nailed down a $4.5 million round of angel investment to get up and running, Xconomy has learned. The basic concept is to provide scientists with a high-speed, high-resolution look into … Continue reading “Adaptive TCR, a Fred Hutch Spinoff, Nabs $4.5M to Uncover Immune System Secrets”
Technology Transfer and the Life Sciences: Current Practice and Looking to the Future
What role will technology transfer play in the commercialization of the next generation of life sciences products? Biocom has asked a panel of leading experts to discuss common barriers to commercialization in the life sciences industry, determine how we can overcome those barriers and what impact technology transfer will have on the future of the … Continue reading “Technology Transfer and the Life Sciences: Current Practice and Looking to the Future”
Opportunities in Developing Ocean-Based Infrastructure
With expertise in marine engineering and shipbuilding, academic resources, testing facilities, access to open oceans, and a vibrant marine technology cluster, San Diego has a unique opportunity to lead the nation in developing very large floating platforms, (VLFPs). The Maritime Alliance has organized this half-day meeting to focus on the technologies that exist and would … Continue reading “Opportunities in Developing Ocean-Based Infrastructure”
Come For the Canapes, Stay For the Founder Institute
New and experienced entrepreneurs, future founders, and all those passionate about startups are invited to learn about the Founder Institute at an open community session. The Founder Institute helps new entrepreneurs launch the next generation of technology companies. The startup incubator and training program is accepting applications for a second class, which is scheduled to … Continue reading “Come For the Canapes, Stay For the Founder Institute”
When Good Doctors Make Bad Decisions—The View from the Jury Box
On March 2, I reported to Suffolk County Superior Court for jury duty, certain that I’d be let go after my day of service or excused, just like every other time. So it was a bit of a shock to find myself seated, by the end of the day, as Juror No. 14 on a … Continue reading “When Good Doctors Make Bad Decisions—The View from the Jury Box”
Azigo Secures $1,800,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=04d60547-f59c-43e0-bffe-d9cc4fe67775&Preview=1 Date 3/26/2010 Company Name Azigo Mailing Address 30 Washington Street, 3rd Floor Wellesley Hills, MA 02481 Company Description The company web site is the best place for any business to communicate with its customers. But when customers leave your site, the discussion usually stops. Sure, there’s always email and advertising, but … Continue reading “Azigo Secures $1,800,000 New Funding Round”
Adaptive TCR Lands $4,500,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=dc4d38e4-7e63-4929-ae49-9a2d727e0280&Preview=1 Date 3/26/2010 Company Name Adaptive TCR Mailing Address 307 Westlake Ave N Seattle, WA 98109 Company Description Adaptive TCR Corporation’s platform technology breaks open the field of genomics immunology. T-cell receptor profiling using Adaptive’s proprietary technology and software allows scientists to study the adaptive immune system to an unprecedented depth via … Continue reading “Adaptive TCR Lands $4,500,000 New Round”
Scripped Obtains $250,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0d1a727a-954b-483d-a34f-44c7c4dcfaa6&Preview=1 Date 3/26/2010 Company Name Scripped Mailing Address 12392 Arroyo de Arguello Saratoga, CA 95070 Company Description Scripped Writer, our flagship product, is a Web-based software solution for screenwriters. Scripped Writer allows you to format your scripts to industry standards without having to download software to your computer. Access your scripts from … Continue reading “Scripped Obtains $250,000 New Funding”
Secret Builders Receives $2,300,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6fc10f1a-b1cf-4d57-951a-72279c3507df&Preview=1 Date 3/26/2010 Company Name Secret Builders Mailing Address Undisclosed Undisclosed, CA 94300 Company Description SecretBuilders is a virtual world for children 5 to 14 years old powered by a web 2.0 community of children, parents, educators, writers, artists and game developers. On SecretBuilders, children will explore virtual lands, undertake quests, play … Continue reading “Secret Builders Receives $2,300,000 New Financing Round”
Ad Summos Garners $3,050,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=599a33a1-2571-4b7a-9c20-0d11701ef834&Preview=1 Date 3/26/2010 Company Name Ad Summos Mailing Address 307 7th Ave. New York, NY 10001 Company Description We’re working to bring you the next generation solution for effective online advertising and will provide updates as we progress. Website http://www.adsummos.com Transaction Type Venture Equity Transaction Amount $3,050,000 Transaction Round Undisclosed Proceeds Purposes … Continue reading “Ad Summos Garners $3,050,000 New Round”
A123’s Maria Thompson Retires
Maria Thompson, an Ann Arbor, MI, entrepreneur who helped develop the technology used in Watertown, MA-based A123Systems‘ lithium-ion automotive batteries, has retired. Thompson founded T/J Technologies in Ann Arbor in 1991. She guided the company’s development of nanophosphate technology that eventually attracted A123Systems, which bought T/J Technologies in 2006. After the acquisition, Thompson continued as … Continue reading “A123’s Maria Thompson Retires”
Science Club for Girls Battle of the Bands
Looks like Xconomy isn’t the only tech and science organization to hold a battle of the bands. The Science Club for Girls will be hosting their own, pitting non-profits against each other. Everyone’s a winner in this event, though, as each participating non-profit will get a share of the ticket sales. Register here for this … Continue reading “Science Club for Girls Battle of the Bands”
Inaugural Genomes Environments Traits (GET) Conference
This event brings together nearly all 20 individuals who have had their genomes sequenced and made publicly available. Thought leaders, investors, and philanthropists will gather to explore the impact and future of the personal genomics field. Register for this all-day event here.
SDL Round Table Boston
Industry thought leaders from around the world will discuss their strategies and successes for localizing their companies and products, at this event put on by SDL, a global information management software provider. Sign up here.
SDL Globalization Conference
This event, put on by global information management software provider SDL, brings together industry leaders to share advice on how to get your products and services to global customers. Network with representatives of companies from around the world. Register here.
$90M Acquisition of PV Powered Signals Uptick in Cleantech M&A Market
[Updated 4:00 pm, 3/25/10. See below.] Bend, OR-based PV Powered, a maker of solar energy components, announced yesterday it is being acquired by Advanced Energy Industries of Fort Collins, CO. The deal will be worth as much as $90 million—$50 million upfront ($35 million in cash and $15 million in Advanced Energy’s common stock), and … Continue reading “$90M Acquisition of PV Powered Signals Uptick in Cleantech M&A Market”
Cyntellect Raises $3 Million
Cyntellect, a San Diego-based company working on technologies to analyze, purify and process cells, raised $3 million from the sale of debt, equity and options or warrants, according to an SEC filing. The company announced last November it had raised $15.5 million. Early investors in the 13-year-old company include Bru II Venture Capital Fund, Iceland … Continue reading “Cyntellect Raises $3 Million”
Startup Automaker V-Vehicle Hits Roadblock After Government Rejects $321M Loan Request
Plans by the famed Kleiner Perkins VC firm, Google, T. Boone Pickens, and other investors to launch a new automaker are now hanging by a thread. The Department of Energy has rebuffed San Diego-based V-Vehicle’s request for more than $321 million in loans—throwing into jeopardy the automaker’s ambitious plans to build an “environmentally friendly” car. … Continue reading “Startup Automaker V-Vehicle Hits Roadblock After Government Rejects $321M Loan Request”
What’s Next in CleanTech Ventures
With CleanTech investments accounting for 25 percent of all venture capital invested in 2009, leading VCs and cleantech executives identify trends in the industry, and discuss potential winners and losers. Registration begins at 7 a.m., or find more information and register online here.
Gemvara CEO Steps Down
Deborah Besemer has stepped down as CEO of the Lexington, MA-based jewelry customization business Gemvara, Boston Globe blogger Scott Kirsner first reported earlier this week. The company renamed itself last month from Paragon Lake, and shifted its virtual jewelry customization business model from being centered around in-store computer screens to a website that targets consumers … Continue reading “Gemvara CEO Steps Down”
KidZui Caps Significant Progress in Difficult Year with $4M in Fresh Funding
KidZui’s founding chairman and CEO Cliff Boro called me from the airport last night to confirm recent reports saying that the San Diego startup, which has been developing a kid-friendly Internet browser, has raised $4 million in additional venture funding. The four-year-old startup launched its KidZui browser (which is a Firefox add-on) in 2008, and … Continue reading “KidZui Caps Significant Progress in Difficult Year with $4M in Fresh Funding”
SDL Round Table
Learn how to mesh the challenges of globalization and localization, at this event put on by the global information management software provider, SDL. Members from global life sciences and software companies will be in attendance. Reserve your spot here.
Start Here Open House: Women Entrepreneurs @ Care.com
Come find out if Massachusetts is a hospitable environment for women entrepreneurs, at another event hosted by the New England Venture Capital Association. The open house features a panel of women entrepreneurs in the state, representing companies such as online caregiver directory Care.com, and Cloudswitch, an enterprise cloud computing company. Register for the free event … Continue reading “Start Here Open House: Women Entrepreneurs @ Care.com”
Start Here Open House: 1366 Technologies
Come learn what makes solar panel startup 1366 Technologies shine, at this open house hosted by the New England Venture Capital Association. Company execs will speak on 1366’s mission in making solar power a booming industry in the years to come. Sign up for this free event here.
Robotics: Growing Here – Starting and Growing your Robotics Company in Massachusetts
Learn why Massachusetts is a hot spot for robotics companies, at this event put on by the Massachusetts Technology Leadership Council. VCs, angel investors, entrepreneurs, and policy makers will gather to explore the entrepreneurial opportunities in the field. RoboTuesday, a robotics industry networking event, will follow. Register at this Eventbrite site.
Dyax Raises $51.8M in Stock Deal
Dyax (NASDAQ: [[ticker:DYAX]]), the Cambridge, MA-based maker of a drug for a rare inflammatory disease, said today it has raised $51.8 million in a stock offering. The company sold 17 million shares at $3.25 apiece in a deal underwritten by Jefferies & Company and Needham & Company. Dyax plans to use the money on the … Continue reading “Dyax Raises $51.8M in Stock Deal”
Genomatica Raises $15M to Build Demo Plant For Sustainable Chemical Production
We’ve been waiting for this one since last summer. San Diego-based Genomatica is announcing today it has raised $15 million in a Series C venture round led by a new investor, TPG Biotech, to build a demonstration plant to make a common industrial chemical through a renewable technique, and to develop a bigger pipeline of … Continue reading “Genomatica Raises $15M to Build Demo Plant For Sustainable Chemical Production”
The Games Begin at PAX East, A Seattle Transplant Uniting Gamers and Developers
The largest gaming expo on the East Coast, this weekend’s PAX East festival, will be preceded by what’s likely to be the biggest party the Boston gaming scene has ever witnessed, tonight at Microsoft’s New England R&D Center in Cambridge, MA. A packed house of 800 guests is expected at the PAX East “Made in … Continue reading “The Games Begin at PAX East, A Seattle Transplant Uniting Gamers and Developers”
FDA Approves Somaxon Insomnia Pill, Torrey Pines Investment Raises Funds, Innovation Economy Shows Signs of Life, & More San Diego Life Sciences News
Regulatory and funding headlines dominated a light week. It’s summarized for you here. —Torrey Pines Investment raised $30 million for a second venture fund that aims to raise a total of $150 million. The money will be used to finance acquisitions and development or co-development of drug candidates from pharmaceutical or biotech companies. —Connect, a … Continue reading “FDA Approves Somaxon Insomnia Pill, Torrey Pines Investment Raises Funds, Innovation Economy Shows Signs of Life, & More San Diego Life Sciences News”
Flying Under the Radar in February: Nine New England Startup Deals Under $1 Million
When it came to raking in venture dollars, things slowed down in Massachusetts in the month of February. Maybe it was the shorter calendar month, the typically frigid and dreary weather, or the fact New Englanders are just antsy for spring. In February Bay State startups pulled in $203 million across 26 financings in the … Continue reading “Flying Under the Radar in February: Nine New England Startup Deals Under $1 Million”
FDA Panel Slams Cell Therapeutics, Oncothyreon Slumps, Biotech’s Healthcare Victory, & More Seattle-Area Life Sciences News
The days are getting longer, spring is in the air, and hope is springing eternal for the Mariners. But a couple of Seattle biotech companies got clobbered this week. —Seattle-based Cell Therapeutics (NASDAQ: [[ticker:CTIC]]) suffered a humiliating public beatdown this week at a long-awaited FDA advisory panel. The FDA committee voted 9-0 against the company’s … Continue reading “FDA Panel Slams Cell Therapeutics, Oncothyreon Slumps, Biotech’s Healthcare Victory, & More Seattle-Area Life Sciences News”