Terracotta Lands $5,500,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=43a3352a-53f6-4911-b46f-03732a5963ce&Preview=1 Date 7/10/2009 Company Name Terracotta Mailing Address 650 Townsend Street San Francisco, CA 94103 Company Description Terracotta, Inc. delivers plug-in capacity and availability for Java applications at runtime with no application code changes. Website http://www.terracottatech.com Transaction Type Venture Equity Transaction Amount $5,500,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not … Continue reading “Terracotta Lands $5,500,000 New Financing Round”

newScale Secures $2,200,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e0515a3c-8de0-4495-aa86-1c8c2aadc5ba&Preview=1 Date 7/10/2009 Company Name newScale Mailing Address 2215 Bridgepointe Parkway San Mateo, CA 94404 Company Description newScale is the leader in IT Service Portfolio Management and Service Catalog software solutions, with more than one million users worldwide. Website http://www.newscale.com/ Transaction Type Venture Equity Transaction Amount $2,200,000 Transaction Round Undisclosed Proceeds Purposes … Continue reading “newScale Secures $2,200,000 New Round”

Blazent Receives $4,500,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1c801463-1f1f-441b-ab8e-3192af3a1ba6&Preview=1 Date 7/10/2009 Company Name Blazent Mailing Address 1820 Gateway Drive San Mateo, CA 94404 Company Description Organizations are repeatedly being tasked with identifying and improving their internal business practices and achieve greater organizational maturity. Blazent can be the business-oriented analysis platform for IT. Website http://www.blazent.com Transaction Type Venture Equity Transaction Amount … Continue reading “Blazent Receives $4,500,000 New Round”

Education.com Receives $5,300,000 Series B Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3147f442-4d19-4a8f-ba2c-5068099d6e45&Preview=1 Date 7/10/2009 Company Name Education.com Mailing Address 650 California Ave 11th Fl San Francisco, CA 94108 Company Description Education.com is an online resource for parents with kids in preschool through grade 12. On our site you can: Search over 4,000 reference articles from the best and most authoritative sources across the … Continue reading “Education.com Receives $5,300,000 Series B Financing Round”

Presidio Pharmaceuticals Secures $27,000,000 Series B Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6e79199a-9163-42fc-8f7d-69854ad8ccaf&Preview=1 Date 7/10/2009 Company Name Presidio Pharmaceuticals Mailing Address 1700 Owens Street San Francisco, CA 94158 Company Description Presidio is focused on developing novel and established therapeutic modalities and small molecule compounds for the treatment of HIV-1, HCV and other chronic virus infections. Website http://www.presidiopharma.com Transaction Type Venture Equity Transaction Amount $27,000,000 … Continue reading “Presidio Pharmaceuticals Secures $27,000,000 Series B Financing”

Fanfare Group Secures $7,000,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b2e508e7-b76b-42d4-a7b1-ace43c23f303&Preview=1 Date 7/10/2009 Company Name Fanfare Group Mailing Address 1091 N. Shoreline Blvd. Mountain View, CA 94043 Company Description The Fanfare Group was started for a simple reason: To simplify device testing for equipment vendors, while helping them improve the quality and competitiveness of their products. Website http://www.fanfaresoftware.com/ Transaction Type Venture Equity … Continue reading “Fanfare Group Secures $7,000,000 New Financing Round”

TorreyPines Delays its Dissolution

What if a company called a special shareholder meeting and nobody voted? Executives at San Diego’s TorreyPines Therapeutics pondered the question today after failing to muster enough votes for a proposal to liquidate and dissolve the company. In a statement, TorreyPines said 62 percent of the biotech’s stockholders failed to vote on the issue, which the … Continue reading “TorreyPines Delays its Dissolution”

Nexus Biosystems Raises $5M

Nexus Biosystems, a four-year-old biotech tools maker in Poway, CA, has raised $5 million in venture funding from Telegraph Hill Partners, a private equity firm based in San Francisco, according to a regulatory filing. Nexus CEO John Lillig, who declined to comment on the filing, told me the company specializes in making automated sample storage and retrieval systems capable … Continue reading “Nexus Biosystems Raises $5M”

How Healthcare Legislation Can Ensure Patient Safety and Spur Innovation

Next week, the U.S. Senate is expected to take up debate on health care reform. Regardless of what happens in Washington DC, the impact will be felt on virtually every business and individual in Washington State. Without question, a simple solution to our health care crisis is elusive, and in the coming days and weeks … Continue reading “How Healthcare Legislation Can Ensure Patient Safety and Spur Innovation”

Brad Feld’s Colorado VC Firm Joins Massachusetts Crusade Against Non-Compete Agreements

The directors of Foundry Group, a Boulder, CO-based venture firm, have signed on as supporters of the Alliance for Open Competition, a group lobbying to outlaw the use of non-compete clauses in employment agreements in Massachusetts and other states. The alliance, founded last year by partners at Boston’s Spark Capital, argues that the non-compete clauses … Continue reading “Brad Feld’s Colorado VC Firm Joins Massachusetts Crusade Against Non-Compete Agreements”

Delve Dives into Do-it-Yourself Online Video Management

Every new technology brings new options and opportunities for people to learn, explore, and of course, sell to each other. Internet video has proven no exception. Companies today can whip up professional ads, demos, and explanatory videos and expose them to the whole world for just a few hundred dollars, compared to the thousands and … Continue reading “Delve Dives into Do-it-Yourself Online Video Management”

Seattle Lunch 2.0 @ Curious Office and H-Farm Ventures

Register here. Curious Office and H-Farm Ventures will discuss international options. From taking international investments to taking your product abroad, there are intricacies in the details that startups need to consider. Curious Office and H-Farm have been there and done that and lived to tell about it. If you are considering taking an angel or … Continue reading “Seattle Lunch 2.0 @ Curious Office and H-Farm Ventures”

Evri Gets New CEO, Will Hunsinger

Seattle-based Evri, an Internet startup backed by Paul Allen’s Vulcan Capital, announced a new chief executive today, Will Hunsinger, the former CEO of San Francisco-based Adeze and entrepreneur-in-residence at Seattle venture firm Maveron. Hunsinger succeeds Neil Roseman, who is leaving Evri to become an entrepreneur-in-residence at Vulcan Capital. Evri focuses on information discovery and browsing, … Continue reading “Evri Gets New CEO, Will Hunsinger”

Intellikine Raises $28.5M, Cadence Awaits FDA Action, Somaxon Seeks FDA Approval Again for Insomnia Drug, & More San Diego Life Sciences News

We had some good news, mixed news, and odd news about San Diego’s life sciences companies over the past week. Read on for our full spectrum of coverage. —San Diego’s Intellikine said in a recent regulatory filing that it had raised $16 million in venture capital, and plans to raise an additional $22.5 million. But … Continue reading “Intellikine Raises $28.5M, Cadence Awaits FDA Action, Somaxon Seeks FDA Approval Again for Insomnia Drug, & More San Diego Life Sciences News”

Modiv Checks Out $1.2 Million

SEC documents published online today indicate that Quincy, MA-based Modiv Media, which helps grocery stores deliver in-store digital media, has collected $1.2 million out of a planned $2.52 million financing round. The documents list Ignition Partners partner Steven Hooper and Seapoint Ventures managing partner Thomas Huseby as board members. Modiv completed an $8 million Series … Continue reading “Modiv Checks Out $1.2 Million”

Arena Raises $52.1M in Offering

San Diego’s Arena Pharmaceuticals (NASDAQ: [[ticker:ARNA]]) was trading just under $4 a share today, after the company priced its secondary public offering of 12.5 million shares yesterday at $4.17. Arena shares closed Tuesday at $4.67. Arena said last month that it had arranged $100 million in debt financing with Deerfield Management, a significant shareholder, that’s needed … Continue reading “Arena Raises $52.1M in Offering”

Intellikine Attracts Novartis, Biogen, and Others for $51M Second Round

Drug development startup Intellikine is disclosing the names of the new investors in its latest round of venture financing, which could total up to $51 million, according to a press release the La Jolla-based firm issued yesterday. The new investors behind the firm’s second-round financing are Novartis Bioventures, Cambridge, MA-based biotech powerhouse Biogen Idec (NASDAQ:[[ticker:BIIB]]), … Continue reading “Intellikine Attracts Novartis, Biogen, and Others for $51M Second Round”

Beacon Power Wins $43M DOE Loan

Tyngsboro, MA-based flywheel energy storage company Beacon Power (NASDAQ: [[ticker:BCON]]) announced last week that the U.S. Department of Energy has extended a loan guarantee amounting to $43 million. The loan will provide more than half of the financing for a planned 20-megawatt commercial flywheel energy storage facility to be built in Stephentown, NY. But the … Continue reading “Beacon Power Wins $43M DOE Loan”

Data Domain Founder, Kai Li, on EMC Acquisition and the Future of Data Storage

Now I know why venture capitalists walk the halls at the University of Washington—you never know who you might run into. My timing was impeccable yesterday as I sat down with Kai Li, the co-founder and chief scientist of Data Domain (NASDAQ: [[ticker:DDUP]]), the Santa Clara, CA-based data storage company that just got bought by … Continue reading “Data Domain Founder, Kai Li, on EMC Acquisition and the Future of Data Storage”

MicroGreen Polymers Grabs $1.6M to Put Green Plastics Into Your Morning Coffee Cup

Xconomy has learned that MicroGreen Polymers, an Arlington, WA-based developer of technology to recycle plastics into cheaper, environmentally friendly coffee cups among other things, has raised $1.6 million for expansion from WRF Capital and local angel investors (Northwest Energy Angels, Alliance of Angels, and Atlas Accelerator), out of an ongoing round the company expects will … Continue reading “MicroGreen Polymers Grabs $1.6M to Put Green Plastics Into Your Morning Coffee Cup”

Massachusetts Startup Fundraising Tallied $145M in June—Early Stage Venture Holds Its Own

Led by the Bay State’s strong healthcare sector, Massachusetts startups attracted just over $145 million in investment in June. That’s the tally from our new partner, ChubbyBrain, a New York-based information services company developing tools for investors, startups, and aspiring entrepreneurs. Health care companies—spanning drug development, medical devices, and consumer health and wellness—were the focus … Continue reading “Massachusetts Startup Fundraising Tallied $145M in June—Early Stage Venture Holds Its Own”

Targeted Genetics Dumps Lease, Amgen’s Dmab Works in Cancer Trial, Theraclone Nabs Cash, & More Seattle-Area Life Sciences News

Seattle biotech is quieting down these days, so it’s a good time for your local life sciences correspondent to step away on vacation. See you back here on July 20. —EndoGastric Solutions, the medical device firm based in Redmond, WA, and Redwood City, CA, raised $7.5 million from investors. The company makes devices to combat … Continue reading “Targeted Genetics Dumps Lease, Amgen’s Dmab Works in Cancer Trial, Theraclone Nabs Cash, & More Seattle-Area Life Sciences News”

Genzyme Rival, Actelion, Seeks to Fill Void Created by Cerezyme Shortage

Genzyme dominates the market for treating Gaucher’s disease, each year selling more than $1.2 billion worth of its drug imiglucerase (Cerezyme) to patients with the rare genetic disease, who need to take the treatment throughout their lives. But competitors are flocking in to grab some of the market now that the Cambridge, MA-based biotech is … Continue reading “Genzyme Rival, Actelion, Seeks to Fill Void Created by Cerezyme Shortage”

Modiv Media Inc. Secures $1,200,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=56882845-70b5-4714-bfbc-4c9cc16b417d&Preview=1 Date 7/9/2009 Company Name Modiv Media Inc. Mailing Address 1250 Hancock Street Quincy, MA 02169 Company Description For brand marketers and retailers looking to influence consumers’ shopping habits and buying decisions, Modiv Media™ orchestrates relevant retail messages and improved shopping experiences at exactly the right moment in exactly the right place. … Continue reading “Modiv Media Inc. Secures $1,200,000 New Round”

MicroGreen Polymers, Inc. Obtains $1,600,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9aa6bba6-a05a-43e0-8dd9-813178339a85&Preview=1 Date 7/9/2009 Company Name MicroGreen Polymers, Inc. Mailing Address 19421 59th Avenue NE Arlington, WA 98223 Company Description MicroGREEN Polymers is on a mission to give the plastics industry and the world environmentally sound plastics technologies with substantial economic advantages. MicroGREEN Polymers Inc. was incorporated September 11, 2002, in Washington State … Continue reading “MicroGreen Polymers, Inc. Obtains $1,600,000 New Funding Round”

Intellikine, Inc. Secures $51,000,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f73dd8d1-278c-4837-bdfb-7afd83cfb7b3&Preview=1 Date 7/9/2009 Company Name Intellikine, Inc. Mailing Address 10931 N. Torrey Pines Rd. La Jolla, CA 92037 Company Description Intellikine is a leader in the discovery and development of novel, small molecule therapies targeting the PI3K/Akt/mTOR pathway. Website http://www.intellikine.com Transaction Type Venture Equity Transaction Amount $51,000,000 Transaction Round Undisclosed Proceeds Purposes … Continue reading “Intellikine, Inc. Secures $51,000,000 New Funding”

SolFocus Receives $77,000,000 Series C Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=70b9d380-accf-4dd1-a486-1fa46ec335fc&Preview=1 Date 7/9/2009 Company Name SolFocus Mailing Address 510 Logue Avenue Mountain View, CA 94043 Company Description SolFocus develops and markets products that generate electricity using concentrator solar photovoltaics. Website http://www.solfocus.com Transaction Type Venture Equity Transaction Amount $77,000,000 Transaction Round Series C Proceeds Purposes The investment will allow SolFocus to align its … Continue reading “SolFocus Receives $77,000,000 Series C Round”

CoTweet Receives $1,100,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=97662544-076c-4f11-b62e-a670dbcd7d6e&Preview=1 Date 7/9/2009 Company Name CoTweet Mailing Address Pier 38 San Francisco, CA 94107 Company Description CoTweet develops a web-based platform which allows companies to manage multiple Twitter accounts, including team tools to manage Twitter marketing campaigns and workflow. Website http://www.cotweet.com/ Transaction Type Venture Equity Transaction Amount $1,100,000 Transaction Round Undisclosed Proceeds … Continue reading “CoTweet Receives $1,100,000 New Round”

OpenDNS Secures Series A Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e125c1d0-0e96-4ea7-957c-c6687785e8be&Preview=1 Date 7/9/2009 Company Name OpenDNS Mailing Address 410 Townsend St San Francisco, CA 94107 Company Description OpenDNS is the leading provider of free security and infrastructure services that make the Internet safer through integrated Web content filtering, anti-phishing and DNS. OpenDNS services enable consumers and network administrators to secure their networks … Continue reading “OpenDNS Secures Series A Financing Round”

Venture Capital Fundraising Down by 63 Percent So Far This Year

In news that’s not exactly unexpected, a mid-year survey shows that fundraising among U.S. venture capital firms is near low ebb, with the total raised so far at the lowest point since 2003, when 34 VC funds raised $2.2 billion in the first half of the year. The survey released today by Dow Jones Private … Continue reading “Venture Capital Fundraising Down by 63 Percent So Far This Year”

NetApp Bows Out, Clearing Way for EMC-Data Domain Nuptials

Sunnyvale, CA-based NetApp (NASDAQ: [[ticker:NTAP]]) said today it would not try to top EMC’s $33.50 per share offer for Data Domain (NASDAQ: [[ticker:DDUP]]), clearing the way for the Hopkinton, MA-based storage and information management giant to acquire the much-sought-after provider of data deduplication software. NetApp kicked off the competition for Data Domain on May 20 … Continue reading “NetApp Bows Out, Clearing Way for EMC-Data Domain Nuptials”

Amazon Lowers Kindle 2 Price to $299

Amazon’s e-book reader, the Kindle, dropped $60 in price today from $359 to $299, only five months after the February debut of the second generation reader. The price change comes as something of a surprise, after repeated statements from Amazon CEO Jeff Bezos to the effect that the company could not sell the Kindle for … Continue reading “Amazon Lowers Kindle 2 Price to $299”

EndoGastric Gets $7.5M

Medical device firm EndoGastric Solutions, based in Redmond, WA, and Redwood City, CA, has raised $7.5 million in funding, according to a regulatory filing. The company makes devices to combat heartburn and obesity, and previously raised $79 million in venture funding from the likes of MPM Capital, Advanced Technology Ventures, and DeNovo Ventures. EndoGastric was … Continue reading “EndoGastric Gets $7.5M”

Two Issaquah Companies to Help DOE Manage Nuclear Waste

Nuclear waste dumps require careful handling. To avoid incidences of nuclear material leaking into the surrounding soil and water, the Department of Energy must monitor the 80 sites in the U.S. regularly and do its best to adjust conditions if warranted. Issaquah, WA-based consulting firm Predicus has used mathematical modeling software developed by fellow Issaquah company GoldSim … Continue reading “Two Issaquah Companies to Help DOE Manage Nuclear Waste”

Vical Encouraged by CMV Study

Vical (NASDAQ:[[ticker:VICL]]) says early results from a mid-stage trial of its cytomegalovirus vaccine look promising. The San Diego-based company says that at four months, 30 percent of treated patients had infections compared to 50 percent in the untreated group. Viral load measurements and other data all favor the vaccinated group, according to Vical, which did … Continue reading “Vical Encouraged by CMV Study”

For Microsoft and Google, Battleground Shifts to Web-Based Operating Systems

The fight between Microsoft and Google for the future of computing just got more intense. Last night, Google officially announced a new project, a Web browser-based operating system called Google Chrome OS, which will initially target netbooks. Google said it would make the code available on an open-source basis later this year, and plans to … Continue reading “For Microsoft and Google, Battleground Shifts to Web-Based Operating Systems”

Cozi Joins Nestle Online

Cozi, a free online family organizing and planning application, is partnering with Nestlé to launch their service on Nestlé’s website according to an announcement made today.  Financial details were not released.  The Seattle-based Cozi provides family-oriented programs to plan schedules, make lists and create photo albums online.  Nestlé plans on putting Cozi’s programs, rebranded with … Continue reading “Cozi Joins Nestle Online”

Microsoft Unveils Logo for “NERD”

Microsoft’s New England Research & Development Center at One Memorial Drive here in Cambridge, MA—NERD, as it is so affectionately called inside and outside the company—has quickly become one of the central gathering spots for the Boston tech community. In late March, the company opened a big conference area on its second floor, and almost … Continue reading “Microsoft Unveils Logo for “NERD””

Small is Beautiful: Helix Power’s Weinbrandt Sees a Small Wind Turbine On Every Rooftop

Scott Weinbrandt spent 25 years working in computer technology, including 10 years as an executive at Dell, the direct-sales computer giant, as well as time as a senior vice president at Gateway, the onetime San Diego computer maker that is now part of Acer. During that time, the computer industry moved from centralized mainframes to … Continue reading “Small is Beautiful: Helix Power’s Weinbrandt Sees a Small Wind Turbine On Every Rooftop”

$4.1M for Sonian

Dedham, MA-based Sonian, which provides cloud-based e-mail archiving services, has raised $4.1 million out of a planned $6.6 million private stock offering, according to regulatory documents filed yesterday. Prism Ventureworks partner William Kohler is named as a Sonian board member.

A Deep Dive with Black Coral Capital

On Monday we learned that Rob Day, a former principal at @Ventures in Wilmington, MA, and one of the dynamic young leaders of the energy investing scene in New England, has taken on a new assignment. He’s become a partner at Black Coral Capital, a Boston-based private equity fund formed in 2008 to build a … Continue reading “A Deep Dive with Black Coral Capital”

Free Carbonite Trial for Java Users

Boston-based online computer backup provider Carbonite announced an agreement yesterday with Sun Microsystems that could broaden the startup’s user base. Computer users who download Sun’s Java runtime environment for the first time, or who upgrade to the newest version of Java, will be offered a 30-day free trial of the Carbonite service. “This program will … Continue reading “Free Carbonite Trial for Java Users”

Rapid Micro Biosystems Raises $18.6M for Faster Detection of Microbial Contamination

Rapid Micro Biosystems, a Bedford, MA-based developer of technology that quickly spots microbes that can cause disaster in the biotech drugmaking process, has nailed down a whopping $18.6 million in a Series A round of venture financing. The company, led by CEO Steve Delity, secured the cash from Kleiner Perkins Caufield & Byers, TVM Capital, … Continue reading “Rapid Micro Biosystems Raises $18.6M for Faster Detection of Microbial Contamination”

A Tribute to Stephen Quinn, 1962-2009

[Editor’s Note: this piece is adapted from a speech Chris Rathe gave at a memorial service last week for Stephen Quinn, a biotech entrepreneur who died suddenly on June 28.] We are here today grieving the untimely passing of Stephen Quinn, but are also here to rejoice for the person that he was. Four years … Continue reading “A Tribute to Stephen Quinn, 1962-2009”

Kineta Acquires Multiple Sclerosis, Diabetes Drug Candidates to Test Unusual Biotech Strategy

Seattle-based Kineta doesn’t want to grow up to be the next Amgen. It has seen plenty of biotech companies go up in flames when they try to do everything from drug discovery to development, and manufacturing to marketing. Instead, the company sees opportunity in carving out one piece of that product development continuum, doing it … Continue reading “Kineta Acquires Multiple Sclerosis, Diabetes Drug Candidates to Test Unusual Biotech Strategy”

Biogen Idec Buys MS Drug Rights, Immuneering Models Cancer Drug Responses, Hologic Wins Contraceptive Device Approval, & More Boston-Area Life Sciences News

Perhaps New England’s life sciences companies were busy building arks this past week, because the news flow was a heck of a lot lighter than the rainfall. There are still a few interesting developments to report, though. —Cambridge, MA-based Biogen Idec (NASDAQ:[[ticker:BIIB]]) agreed to pay $110 million up front, plus up to $400 million in … Continue reading “Biogen Idec Buys MS Drug Rights, Immuneering Models Cancer Drug Responses, Hologic Wins Contraceptive Device Approval, & More Boston-Area Life Sciences News”