Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1ffcff47-6b93-4fda-9706-9e8b9430d0f1&Preview=1 Date 8/6/2009 Company Name VillageEDOCS Mailing Address 1401 N. Tustin Ave. Santa Ana, CA 92705 Company Description VillageEDOCS is a growth-oriented and market-driven company providing electronic delivery of strategic business information. Our solutions capture client data, shape it into useful information and deliver it through efficient and secure electronic channels. Our … Continue reading “VillageEDOCS Receives $435,000 New Financing”
3-V Biosciences Garners $30,000,000 Series B Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3a975a5b-0a2c-41e8-89bd-a162767b056f&Preview=1 Date 8/6/2009 Company Name 3-V Biosciences Mailing Address 2225 East Bayshore Road Palo Alto, CA 94303 Company Description 3-V Biosciences was founded by The Column Group (TCG) and Kleiner Perkins Caulfield & Byers (KPCB) in March 2007. In April 2007, the original laboratory was opened in Zürich, Switzerland in close proximity … Continue reading “3-V Biosciences Garners $30,000,000 Series B Financing Round”
Google Ventures Emerges as Investor in San Diego’s V-Vehicle Co.
Google Ventures has joined Silicon Valley’s Kleiner Perkins Caufield & Byers as an investor in V-Vehicle Co., the San Diego-based startup automaker developing a new line of fuel-efficient cars. The company plans to build its cars in northeastern Louisiana. Joe Fisher, a New York spokesman for the San Diego startup automaker, confirmed the corporate venture … Continue reading “Google Ventures Emerges as Investor in San Diego’s V-Vehicle Co.”
SplashCast to Shut Down
Portland, OR-based SplashCast, a digital media and social TV startup, is closing down in the next few weeks, according to a blog post from founder and CEO Michael Berkley. In June, we reported the company was looking for a buyer after struggling to raise a Series B funding round. SplashCast was founded in 2006 and … Continue reading “SplashCast to Shut Down”
EnerG2 Wins $21.3M in Stimulus Funding to Build Ultracapacitor Materials Plant in Oregon
Seattle-based EnerG2, an advanced materials startup focused on energy storage, has scored a $21.3 million grant from the U.S. Department of Energy to build a new manufacturing plant in Albany, OR. The funds are part of a total of $2.4 billion in federal stimulus grants announced today to speed up the manufacturing and development of … Continue reading “EnerG2 Wins $21.3M in Stimulus Funding to Build Ultracapacitor Materials Plant in Oregon”
Up to 2,600 Jobs That Won’t Be Coming to MA—Boston-Power CEO “Incredibly Disappointed” to Miss Out on DOE Funds
Boston-Power CEO Christina Lampe-Onnerud says she was “incredibly disappointed” and “frankly a little surprised” when the U.S. Department of Energy today announced $1.5 billion in battery-related grants—and none of it went to her company. The Westborough, MA-based firm had requested $100 million to build a state-of-the-art “green” battery-manufacturing plant in Auburn, MA. “I have this … Continue reading “Up to 2,600 Jobs That Won’t Be Coming to MA—Boston-Power CEO “Incredibly Disappointed” to Miss Out on DOE Funds”
Longworth Nabs $122M for Third Fund
Longworth Venture Partners, a Waltham, MA, venture firm that invests in software, Internet, and wireless businesses, has raised $122 million of $180 million it wants for its third fund, PE Hub reports, citing a regulatory filing. PE Hub said that Longworth secured $120 million for its second fund in 2003, and raised $20.5 million for … Continue reading “Longworth Nabs $122M for Third Fund”
Microsoft to Pay Yahoo $150M, Hire 550—and Watch the Firms’ Combined Market Share
So that’s what all those late-night phone calls were about. In the weeks leading up to the Microsoft-Yahoo search deal announced last Wednesday, executives from both companies would gather (virtually) at 9:30 pm PT every night, including weekends, for a conference call to discuss the latest developments. Dinners, baseball games, and camping trips were interrupted. … Continue reading “Microsoft to Pay Yahoo $150M, Hire 550—and Watch the Firms’ Combined Market Share”
A123Systems Wins $249M Piece of DOE Grants
A123Systems, the Watertown, MA-based developer of advanced lithium-ion battery systems, appears to be figuring hugely into President Obama’s plans to nurture U.S. development and manufacturing of electric-powered vehicles and cutting edge batteries. The company announced today that it has won a $249 million grant from the U.S. Department of Energy and plans to use the … Continue reading “A123Systems Wins $249M Piece of DOE Grants”
After Weathering First-Year Challenges, KidZui Launches a ‘YouTube for Kids’
KidZui, a San Diego Internet startup for children, says it is launching ZuiTube—a kind of YouTube with a user-interface designed for kids and a library of almost 60,000 videos pre-approved by an editorial team of parents and teachers. The online video destination is free, but the essential challenge for ZuiTube, like KidZui itself, is differentiating … Continue reading “After Weathering First-Year Challenges, KidZui Launches a ‘YouTube for Kids’”
Bill Aulet Takes Reins of MIT Entrepreneurship Center from Ken Morse
Bill Aulet, an Xconomist and one of the most energetic advocates for entrepreneurship and innovation in the Boston area, has been appointed acting director of the MIT Entrepreneurship Center, according to an announcement made internally yesterday by MIT Sloan School of Management Dean David Schmittlein. Aulet takes the reins from fellow Xconomist Ken Morse, the … Continue reading “Bill Aulet Takes Reins of MIT Entrepreneurship Center from Ken Morse”
Solar Startup LivinGreen Looks to Power Even Rainy Cities
Rarely in Seattle is the power of the sun as remarked upon as in the past week, as temperatures soared into the triple digits. That’s some serious heat, especially for an area proverbial for its rainy, gray skies. Perhaps this makes it a good time to reflect on the fact that Seattle, despite what would … Continue reading “Solar Startup LivinGreen Looks to Power Even Rainy Cities”
Cash Running Low at Altus Pharma
Waltham, MA-based biotech firm Altus Pharmaceuticals (NASDAQ:[[ticker:ALTU]]) ended the second quarter of 2009 with $8.1 million in cash, enough money to continue operations into September 2009, the company revealed yesterday. “As a result of our current cash position and in order to continue operating the company, Altus needs to raise additional capital before the end … Continue reading “Cash Running Low at Altus Pharma”
State of New England Venture Quiz: Answers and Commentary
Yesterday, I put out a five-question quiz about the state of venture capital in New England. The questions were culled from data gathered or analyzed by Michael Greeley, chairman of the NEVCA and a general partner with Flybridge Capital Partners, and from the first quarter Venture Insights report by Ernst & Young. Today, we have … Continue reading “State of New England Venture Quiz: Answers and Commentary”
Iron Mountain Reveals $450M Notes Offering
Iron Mountain (NYSE:[[ticker:IRM]]), a Boston-based provider of information storage and protection products, announced today a proposed $450 million notes offering. The notes to be sold in the public offering are due by 2021, and the proceeds will be used in combination with the company’s other funds toward the redemption of certain senior subordinated notes due … Continue reading “Iron Mountain Reveals $450M Notes Offering”
Genzyme’s Mozobil Gets European Approval
Cambridge, MA-based biotech Genzyme (NASDAQ:[[ticker:GENZ]]) reports that the firm has won European marketing approval for plerixafor (Mozobil) for injection in patients with two types of blood cancers—lymphoma and multiple myeloma—who need blood-forming stem cell transplants. The European Commission granted approval of plerixafor to be used in combination with granulocyte-colony stimulating factor (G-CSF) to boost the … Continue reading “Genzyme’s Mozobil Gets European Approval”
Rib-X Antibiotic Passes Clinical Trial, Hopes to Snag Partner
Rib-X Pharmaceuticals, the New Haven, CT-based developer of novel antibiotics, is announcing today that one of its experimental treatments passed a mid-stage clinical trial for patients with a common form of pneumonia. It’s looking to deal with a Big Pharma company with the money and resources to take the drug through the next steps needed … Continue reading “Rib-X Antibiotic Passes Clinical Trial, Hopes to Snag Partner”
Verdiem Reaches More Than a Million Desktops, Doubles Customers for Energy-Saving Software
When we last checked in with Verdiem back in June, the Seattle energy-IT firm was reporting encouraging results from its product trials in Seattle, Chicago, and Honolulu. Today, Verdiem is announcing that its personal computer power-management software has reached a new milestone, having been installed on more than one million desktops. What’s more, the company … Continue reading “Verdiem Reaches More Than a Million Desktops, Doubles Customers for Energy-Saving Software”
Isis, Genzyme Use Antisense to Go Where Many Drugs Fail—The Brain
Doctors can’t do much for patients with a rare, aggressive form of Lou Gehrig’s disease, even though researchers are confident they have pinpointed its genetic cause. But now with help from a clever device that’s supposed to deliver RNA-silencing drugs where they couldn’t go before, Carlsbad, CA-based Isis Pharmaceuticals is hopeful it may have found … Continue reading “Isis, Genzyme Use Antisense to Go Where Many Drugs Fail—The Brain”
OncoGenex, Toiling in Dendreon’s Shadow, Scopes Out Partners For Prostate Cancer Drug
Name the Seattle biotech company with a drug shown to help men live longer with prostate cancer, which recently raised cash, is negotiating with potential partners, and has seen its stock boom from as low as $2 to $30 a share yesterday. Hint: It’s not Dendreon (NASDAQ: [[ticker:DNDN]]), the developer of the first-of-a-kind treatment for … Continue reading “OncoGenex, Toiling in Dendreon’s Shadow, Scopes Out Partners For Prostate Cancer Drug”
Genzyme Faces Lawsuit and Competition, Vertex Gathers More Cash for Telprevir, Cardiorobotics Corrals $11.6M, & More Boston-Area Life Sciences News
Lots to report this week, and lots of it has to do with Genzyme’s manufacturing trials and tribulations. —An investor from Florida filed suit against Genzyme (NASDAQ:[[ticker:GENZ]]), charging that the Cambridge, MA-based biotech behemoth didn’t quickly enough disclose problems at two of its manufacturing plants. —The FDA informed Genzyme that it would re-inspect one of … Continue reading “Genzyme Faces Lawsuit and Competition, Vertex Gathers More Cash for Telprevir, Cardiorobotics Corrals $11.6M, & More Boston-Area Life Sciences News”
Continuity Engine Garners $500,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ceb1e0d4-6165-4136-9278-88bcff8c62de&Preview=1 Date 8/5/2009 Company Name Continuity Engine Mailing Address 73 Hannah Lane Monroe, CT 06468 Company Description Software applications exist to help businesses with their big problems; like financial management, sales force automation and inventory. But in most businesses there are those other processes, the information that frequently falls between the important … Continue reading “Continuity Engine Garners $500,000 New Financing Round”
XDx Receives $14,400,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fe025ca1-b57c-4f29-82d9-f8b3cd005216&Preview=1 Date 8/5/2009 Company Name XDx Mailing Address 3260 Bayshore Blvd Brisbane, CA 94005 Company Description XDx is a molecular diagnostics company, XDx is one of the first companies to develop and commercialize practical applications built on insights from the Human Genome Project. Website http://www.xdx.com Transaction Type Venture Equity Transaction Amount $14,400,000 … Continue reading “XDx Receives $14,400,000 New Round”
Oncothyreon Raises $15M
Oncothyreon (NASDAQ: [[ticker:ONTY]]), the Seattle-based developer of cancer drugs, said today it has raised $15 million by securing commitments from investors to buy new shares and warrants. The financing came one day after demand surged for Oncothyreon sales when it said a small group of lung cancer patients had long-lasting responses after taking Stimuvax, the … Continue reading “Oncothyreon Raises $15M”
WatchGuard Acquires BorderWare
WatchGuard Technologies, a Seattle-based network security company has acquired Toronto-based e-mail and Web security developer BorderWare Technologies, according to a press release sent out today. Financial details were not disclosed. WatchGuard, which has hundreds of thousands of businesses in every part of the world as clients, plans on using the technology gained from BorderWare to … Continue reading “WatchGuard Acquires BorderWare”
SpectraScience Seeking $5M
San Diego medical device maker SpectraScience, (OTCBB: [[ticker:SCIE]]) has raised $930,000 of a planned $5 million round, according to a recent SEC filing. The funding is being raised from individual investors, according to CEO Jim Hitchin, who founded SpectraScience on optical biopsy technology salvaged from the bankruptcy of GV Medical, a Minnesota medical technology company. He says SpectraScience plans to use … Continue reading “SpectraScience Seeking $5M”
Living in a Material World: The New Information Technology
[This post originally appeared on OVP Venture Partners’ blog—Eds.] Many observers, myself included, consider the 1990s the decade of the computer scientist. Work in digital bits and bytes not only generated significant wealth, it raised the standard of living for hundreds of millions of people around the world. However, as we close out the first … Continue reading “Living in a Material World: The New Information Technology”
SDNN Raises $707K
The San Diego News Network, which operates a website that provides news and information about the San Diego community, says it has raised $707,220 out of a planned $2 million in early stage funding, according to a recent regulatory filing. The online startup, which launched operations about five months ago, counts former San Diego Union-Tribune … Continue reading “SDNN Raises $707K”
Amazon Adapts App for Android
Amazon.com, the Seattle-based colossus of online retail, announced in a press release today that it has launched an application for Android, Google’s mobile operating system. The application allows users to shop on their Android smartphone, as well as take pictures or scan barcodes of products and search for them on Amazon’s website. Taking a photo … Continue reading “Amazon Adapts App for Android”
Cray Shares Rise on Unexpected Profit from New Supercomputing Contracts
Seattle-based supercomputing company Cray (NASDAQ: [[ticker:CRAY]]) surprised analysts this morning by turning a modest profit in the second quarter, and was rewarded with a 12 percent bump in its stock price today. Cray said today its revenues for the quarter ($62.7 million) increased by 34 percent compared with the same period last year ($46.7 million). … Continue reading “Cray Shares Rise on Unexpected Profit from New Supercomputing Contracts”
iLike App Uses Music to Find Concerts
Seattle-based iLike, a popular music service company that helps people find new music, create playlists, and plan for concerts, has launched a new iPhone and iPod Touch application today that will scan music on the device and send a personalized local concert listing based on what it finds, according to an announcement today. iLike also … Continue reading “iLike App Uses Music to Find Concerts”
Private-Public Consortium Plans Biofuels Plant
Plankton Power, a Wellfleet, MA-based company developing ways to turn algae into renewable biofuel, announced in a press release today that it will plans on opening a manufacturing plant to produce biofuel from algae on the Massachusetts Military Reservation (MMR) in Bourne, MA. To build the factory, Plankton Power, along with the Regional Technology Development … Continue reading “Private-Public Consortium Plans Biofuels Plant”
Ariad Raises $30.9M
Cambridge, MA-based Ariad Pharmaceuticals (NASDAQ: [[ticker:ARIA]]), the developer of cancer drugs, said today it has raised net proceeds of $30.9 million through a stock offering. The company sold 19 million new shares at $1.75 apiece. CEO Harvey Berger personally agreed to buy $3 million worth of shares.
Athenahealth’s Park Named HHS CTO
Todd Park, co-founder of Watertown, MA-based Athenahealth (NASDAQ: [[ticker:ATHN]]) and San Mateo, CA-based Maria Health, has been tapped to serve as chief technology officer of the U.S. Department of Health and Human Services, Athenahealth announced. To satisfy government requirements, Park will resign this month from his post on the board of Athenahealth, a provider of … Continue reading “Athenahealth’s Park Named HHS CTO”
Wanted at TorreyPines Therapeutics: Shareholders Who Vote
TorreyPines Therapeutics (NASDAQ: [[ticker:TPTX]]) has found a new solution to its cash woes: a merger with Novato, CA-based Raptor Pharmaceuticals. To pull off the deal, however, TorreyPines must overcome an old problem: getting its shareholders to vote. Few biotechs come to an end as embarrassingly as San Diego’s TorreyPines Therapeutics. When its board of directors … Continue reading “Wanted at TorreyPines Therapeutics: Shareholders Who Vote”
AEB Beams Up $14.2M for Energy-Efficient Manufacturing
Wilmington, MA-based Advanced Electron Beams has raised $14.2 million in a Series C round of financing, the company announced today. AEB, whose compact electron beam technology is employed to initiate chemical reactions in various industrial processes, says it will use the money to accelerate sales growth and develop new applications designed to enable energy-efficient manufacturing. … Continue reading “AEB Beams Up $14.2M for Energy-Efficient Manufacturing”
Inside the Microsoft-Yahoo Deal, Covance Buys Merck’s Rosetta Lab, Delve Teams Up with Akamai, & More Seattle-Area Deals News
Last week’s heat wave did nothing to slow the deal announcements in the Northwest. We saw plenty of action in software, Internet, and biotech. —The big news was the Internet search deal finally announced between Microsoft (NASDAQ: [[ticker:MSFT]]) and Yahoo (NASDAQ: [[ticker:YHOO]]), who have been hammering out the details for months. As Eric and I … Continue reading “Inside the Microsoft-Yahoo Deal, Covance Buys Merck’s Rosetta Lab, Delve Teams Up with Akamai, & More Seattle-Area Deals News”
In Bold Move Toward Free Online Fantasy Gaming, Turbine Prepares to Throw Open the Gates to Dungeons & Dragons
Few major media markets are as lopsided as the online swords-and-sorcery game genre. World of Warcraft, owned by the Activision Blizzard division of Vivendi SA, has a population of 12 million players, each paying at least $12.99 per month to go on group quests for virtual treasure and glory. Westwood, MA-based Turbine, the maker of … Continue reading “In Bold Move Toward Free Online Fantasy Gaming, Turbine Prepares to Throw Open the Gates to Dungeons & Dragons”
PATH Scientists Discover Cheap, Easy Way to Protect Vaccines from Hot and Cold
Scientists at PATH, the Seattle-based nonprofit that works to improve health in poor countries, have found a cheap and simple way to tackle one of the vexing challenges of global health: how to keep vaccines from going bad when they get either too hot or too cold. PATH scientists, with help from collaborators at U.K-based … Continue reading “PATH Scientists Discover Cheap, Easy Way to Protect Vaccines from Hot and Cold”
Sweet Deal With Firmenich Gives Senomyx Clear Path Forward
San Diego’s Senomyx (NASDAQ: [[ticker:SNMX]]) has a clearer road ahead in its development of flavor-enhancing ingredients, after the company said yesterday it will pocket a $10-million upfront payment as part of an expanded collaboration with Switzerland’s Firmenich. Senomyx, which is reporting its second-quarter earnings this morning, says its deal with the world’s largest private company … Continue reading “Sweet Deal With Firmenich Gives Senomyx Clear Path Forward”
Quiz: The State of New England Venture
There’s a lot of talk these days—well, always, really—about the state of venture capital in New England. A lot of it centers on comparisons with Silicon Valley VCs, and most of it isn’t good. Some common complaints or accusations: —New England venture capitalists don’t take risks. —They don’t invest in early stage ventures. —They are … Continue reading “Quiz: The State of New England Venture”
Advanced Electron Beams Lands $14,200,000 Series C Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=67b88703-bb39-4d91-9ee9-7f67e16cddec&Preview=1 Date 8/4/2009 Company Name Advanced Electron Beams Mailing Address 301 Ballardvale Street Wilmington, MA 01887 Company Description Advanced Electron Beams has developed one of the world’s most efficient and clean forms of industrial energy: the AEB Emitter. Conceived and developed by company founder Tovi Avnery, the AEB Emitter captures the power … Continue reading “Advanced Electron Beams Lands $14,200,000 Series C Financing Round”
WebTrends Acquires Widemile for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6b773de3-c06d-42e4-acc3-92458a771379&Preview=1 Date 8/4/2009 Company Name Widemile Mailing Address 1325 Fourth Avenue Seattle, WA 98101 Company Description Widemile has pioneered leading edge digital marketing solutions and served industry leaders in software, hardware, financial services, retail, Internet services and more. In 2005, we introduced our conversion marketing platform as the next generation solution for … Continue reading “WebTrends Acquires Widemile for Undisclosed Sum”
San Diego News Network Lands $707,220 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a3475ebc-4cc7-42e8-9be0-585c27837478&Preview=1 Date 8/4/2009 Company Name San Diego News Network Mailing Address 8253 Ronson Road San Diego, CA 92111 Company Description San Diego News Network which operates a website that provides news and information about the San Diego community. Website http://www.sdnn.com/ Transaction Type Venture Equity Transaction Amount $707,220 Transaction Round Undisclosed Proceeds Purposes … Continue reading “San Diego News Network Lands $707,220 New Round”
Panaya Secures $5,000,000 Series B Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=72091b88-9fd5-4460-9528-0f43e3e88d43&Preview=1 Date 8/4/2009 Company Name Panaya Mailing Address 2480 Sand Hill Road Menlo Park, CA 94025 Company Description Panaya is a solution for SAP business analysts and implementers, which significantly reduces the time, costs and risks involved in SAP implementation, maintenance and upgrade. Website http://www.panayainc.com Transaction Type Venture Equity Transaction Amount $5,000,000 … Continue reading “Panaya Secures $5,000,000 Series B Funding Round”
Bill.com Receives $8,500,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6a06f173-004d-461f-bb67-88902a891c6f&Preview=1 Date 8/4/2009 Company Name Bill.com Mailing Address 3250 Ash Street Palo Alto, CA 94306-2242 Company Description Bill.com is an online bill management service that simplifies and automates business finances. Bill.com allows companies to pay, receive and send bills with the click of a mouse, saving substantial time so companies can focus … Continue reading “Bill.com Receives $8,500,000 New Financing”
Intersil Corp. Acquires Quellan Inc. for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2a420559-48c4-44db-9fd2-9f892e5cfea3&Preview=1 Date 8/4/2009 Company Name Quellan Inc. Mailing Address 2880 Lakeside Drive Santa Clara, CA 95054 Company Description Quellan’s analog ICs provide unique capabilities for next generation consumer products by using a combination of dynamic equalization and noise cancellation that allow designers to proactively address the widest range of signal integrity issues. … Continue reading “Intersil Corp. Acquires Quellan Inc. for Undisclosed Sum”
Governor’s Life Sciences Summit 2009
The annual Governor’s Life Sciences Summit will be held this year on Sept. 22 at McCaw Hall in Seattle. The Washington Biotechnology & Biomedical Association plans to report on legislation it initiated to take two or three strategic actions that it says are intended to make Washington a life sciences leader on a global scale. … Continue reading “Governor’s Life Sciences Summit 2009”
WBBA Event: H1N1–Swine Flu Pandemic
The Washington Biotechnology & Biomedical Association is organizing an event on pandemic preparedness, and what Washington state in particular is doing to get ready for H1N1 or swine flu. Speakers include Terry McIlwain of Washington State University, Anne Marie Kimball of UW Public Health, David Fleming of King County Public Health, and Tony Marfin of … Continue reading “WBBA Event: H1N1–Swine Flu Pandemic”
Science On Tap
The Queen Anne Science Cafe will host scientist Harmit Singh Malik who will speak on the topic “Mutation, Evolution & Infectious Disease: Looking Forward and Looking Back: The never ending battle between host and virus.” Malik’s talk will include viral memory and the competition between viruses and their hosts. For more details visit the event … Continue reading “Science On Tap”