Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=27c2d081-9381-401b-be9e-8ef087ab06a7&Preview=1 Date 3/31/2009 Company Name Greenplum Mailing Address 1900 South Norfolk Drive San Mateo, CA 94403 Company Description Greenplum is pioneering the use of open source databases for enterprise-class Business Intelligence and Data Warehousing. Greenplum’s family of database products, called Bizgres, comprises solutions suited to installations ranging from departmental data marts to … Continue reading “Greenplum Garners $9,462,000 New Funding”
Cast Iron Systems Garners $2,250,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=71373af4-d686-4b33-9228-8fc444e8cc39&Preview=1 Date 3/31/2009 Company Name Cast Iron Systems Mailing Address 375 Ravendale Drive Mountain View, CA 94043 Company Description Cast Iron Systems is the largest provider of integration appliances. Cast Iron Integration Appliances eliminate the cost and complexity associated with traditional software-based integration tools. Our appliances are built from the ground up … Continue reading “Cast Iron Systems Garners $2,250,000 New Financing Round”
TRF Pharma Obtains $6,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=65277030-174f-4e39-819c-91d5346af7f2&Preview=1 Date 3/31/2009 Company Name TRF Pharma Mailing Address P.O. Box 478 Burlingame, CA 94010 Company Description Operates as a biopharmaceutical company. Website http://www.trfpharma.com Transaction Type Venture Equity Transaction Amount $6,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Burrill & Company Venture Investor Sanderling Ventures … Continue reading “TRF Pharma Obtains $6,000,000 New Funding”
Plastic Logic Obtains $21,081,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cf504bef-c5a8-4c7b-a169-937390fa7ced&Preview=1 Date 3/31/2009 Company Name Plastic Logic Mailing Address 650 Castro Street Mountain View, CA 94041 Company Description Plastic Logic is a leading developer of plastic electronics technology. It develops and exploits new manufacturing processes which combine the power of electronics with the pervasiveness of printing. Website http://www.plasticlogic.com Transaction Type Venture Equity … Continue reading “Plastic Logic Obtains $21,081,000 New Funding”
Ludic Labs Garners $5,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=50d61efa-ba55-4bf4-863e-9721423d3498&Preview=1 Date 3/31/2009 Company Name Ludic Labs Mailing Address 107 South B Street San Mateo, CA 94401 Company Description Ludic Labs is inventing a new generation of vibrant, mass-scale, social-media applications for internet and mobile devices. Website http://www.ludic-labs.com Transaction Type Venture Equity Transaction Amount $5,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes … Continue reading “Ludic Labs Garners $5,000,000 New Funding Round”
Yammer Secures $5,000,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=60194229-ee8d-48f7-80ee-98b949bec002&Preview=1 Date 3/31/2009 Company Name Yammer Mailing Address 410 Townsend St San Francisco, CA 94107 Company Description Yammer is a tool for making companies and organizations more productive through the exchange of short frequent answers to one simple question: ‘What are you working on?’As employees answer that question, a feed is created … Continue reading “Yammer Secures $5,000,000 New Financing Round”
Limbo 41414 Lands $9,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8216451c-b110-4335-aa4f-9ba7974e939f&Preview=1 Date 3/31/2009 Company Name Limbo 41414 Mailing Address 270 East Lane Burlingame, CA 94010 Company Description Limbo is a company that creates & markets mobile services that enrich consumers’ lives. Our members are the center of our Limbo community and drive the products and services we offer. In return Limbo pledges … Continue reading “Limbo 41414 Lands $9,000,000 New Financing”
VideoEgg Receives $4,400,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=60d1172a-ac7b-4017-ab26-9e7fb6550286&Preview=1 Date 3/31/2009 Company Name VideoEgg Mailing Address 180 Townsend St. San Francisco, CA 94114 Company Description VideoEgg is a video-enabling platform that allows Web publishers to painlessly integrate video into their site experience and generate advertising revenue. Website http://www.videoegg.com Transaction Type Venture Equity Transaction Amount $4,400,000 Transaction Round Undisclosed Proceeds Purposes … Continue reading “VideoEgg Receives $4,400,000 New Funding Round”
Actelis Networks Receives $7,568,200 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=177e2510-ea40-4a95-b040-a4b380a75fbe&Preview=1 Date 3/31/2009 Company Name Actelis Networks Mailing Address 6150 Stevenson Blvd. Fremont, CA 94538 Company Description Actelis Networks is the leading provider of Carrier Ethernet over Copper networking equipment. Website http://www.actelis.com/ Transaction Type Venture Equity Transaction Amount $7,568,200 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture … Continue reading “Actelis Networks Receives $7,568,200 New Funding Round”
Winster Receives $500,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9a7f639f-148e-4346-aea7-ab0fdce6c9a0&Preview=1 Date 3/31/2009 Company Name Winster Mailing Address 155 Bovet Rd. San Mateo, CA 94402 Company Description Winster, Inc. operates a new type of web site that combines online games with online retailing. At Winster.com, each player picks a prize of their own choosing, then plays engaging, social games until they win … Continue reading “Winster Receives $500,000 New Financing Round”
Tensilica Garners $293,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4f216c02-4542-40d9-b353-abbb8d1eed77&Preview=1 Date 3/31/2009 Company Name Tensilica Mailing Address 3255-6 Scott Blvd Santa Clara, CA 95054 Company Description Develops application-tailored microprocessors. Website http://www.tensilica.com Transaction Type Venture Equity Transaction Amount $293,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Oak Investment Partners
Broncus Technologies Obtains $4,516,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=52679608-94c4-4195-8840-ac5c3df8a382&Preview=1 Date 3/31/2009 Company Name Broncus Technologies Mailing Address 1400 North Shoreline Blvd Mountain View, CA 94043 Company Description The company develops, manufactures and markets medical devices for lung diseases. Website http://www.broncus.com Transaction Type Venture Equity Transaction Amount $4,516,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture … Continue reading “Broncus Technologies Obtains $4,516,000 New Funding”
Sonatype Secures $1,000,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9b1acc7e-4eed-4e95-a3dd-aed1f4cf252f&Preview=1 Date 3/31/2009 Company Name Sonatype Mailing Address 800 West El Camino Real Mountain View, CA 94040 Company Description Nexus is a powerful and robust Maven repository manager, created to provide reliable access to artifacts required for development and provisioning. Nexus can control access to, and deployment of, every artifact in your … Continue reading “Sonatype Secures $1,000,000 New Round”
Autonomic Technologies Garners $20,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6dd948eb-8acc-4647-9c12-b8abce92dcec&Preview=1 Date 3/31/2009 Company Name Autonomic Technologies Mailing Address 2750 Sand Hill Road Menlo Park, CA 94025 Company Description The company is developing neurostimulation devices. Website Undisclosed Transaction Type Venture Equity Transaction Amount $20,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor InterWest Partners Venture Investor … Continue reading “Autonomic Technologies Garners $20,000,000 New Funding Round”
Untangle Secures $1,200,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9328e01c-ec2f-4a91-9401-bbbf605b37b1&Preview=1 Date 3/31/2009 Company Name Untangle Mailing Address 2800 Campus Drive San Mateo, CA 94403 Company Description Untangle’s solutions today – which focus on network security, safe messaging, and control of web usage – enable businesses with fewer than 150 employees to “untangle” their IT infrastructure. With just a few mouse clicks, … Continue reading “Untangle Secures $1,200,000 New Financing Round”
ScanR Receives $11,120,100 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=49db9bea-37ea-44ca-a29c-be5acfbd011b&Preview=1 Date 3/31/2009 Company Name ScanR Mailing Address 100 Hamilton Palo Alto, CA 94301 Company Description scanR develops applications that make it easy to capture information using camera phones. scanR’s services are based on proprietary image processing and data refinement technology and are designed to work with any mobile phone platform. Website … Continue reading “ScanR Receives $11,120,100 New Funding”
SonicMule Obtains $4,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4292430a-7178-4291-aef0-c29f583822b7&Preview=1 Date 3/31/2009 Company Name SonicMule Mailing Address 535 Middlefield Road Menlo Park, CA 94025 Company Description The company operates as a company that develops mobile entertainment software. Website http://www.smule.com Transaction Type Venture Equity Transaction Amount $4,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Bessemer … Continue reading “SonicMule Obtains $4,000,000 New Funding”
Cleantech America Garners $358,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4673a6e2-4cf6-440e-b2b6-c8921c1fad87&Preview=1 Date 3/31/2009 Company Name Cleantech America Mailing Address 50 California Street San Francisco, CA 94111 Company Description Cleantech America is a San Francisco, CA-based developer of utility-scale, environmentally clean solar farms and other renewable energy projects. Website http://www.cleantechamerica.com Transaction Type Venture Equity Transaction Amount $358,000 Transaction Round Undisclosed Proceeds Purposes Proceeds … Continue reading “Cleantech America Garners $358,000 New Funding”
Devicescape Software Obtains $187,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0867b307-036c-4e06-8096-da7e83709681&Preview=1 Date 3/31/2009 Company Name Devicescape Software Mailing Address 1001 Bayhill Drive San Bruno, CA 94066 Company Description Devicescape is a leader in software for wireless devices. The company provides embedded platforms and enterprise applications that enable manufacturers to create diverse wireless devices, and enable users and service providers to manage and … Continue reading “Devicescape Software Obtains $187,000 New Funding Round”
iWatt Obtains $307,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9a15d626-c1c9-4c71-b335-deacbc7674cd&Preview=1 Date 3/31/2009 Company Name iWatt Mailing Address 101 Albright Way Los Gatos, CA 95032-1827 Company Description IWatt, Inc. is a power management IC company that designs, develops and markets semiconductors for AC/DC power supplies used in computers, communication and consumer electronic equipment. The company’s patented, digital control technology is revolutionizing power … Continue reading “iWatt Obtains $307,000 New Funding”
NGM Biopharmaceuticals Obtains $8,500,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1add338b-1aaa-4710-99d8-deedbe67249b&Preview=1 Date 3/31/2009 Company Name NGM Biopharmaceuticals Mailing Address 630 Gateway Blvd South San Francisco, CA 94080-7014 Company Description The company is focused on developing treatments for metabolic diseases. Website http://www.ngmbio.com Transaction Type Venture Equity Transaction Amount $8,500,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor … Continue reading “NGM Biopharmaceuticals Obtains $8,500,000 New Funding”
Sonoma Orthopedic Products Garners $7,755,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=af24d634-4231-4dd1-90b3-e50316193805&Preview=1 Date 3/31/2009 Company Name Sonoma Orthopedic Products Mailing Address 3589 Westwind Boulevard Santa Rosa, CA 95403 Company Description The company develops orthopedic medical devices and products. Website http://www.sonomaorthopedics.com Transaction Type Venture Equity Transaction Amount $7,755,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Undisclosed Venture … Continue reading “Sonoma Orthopedic Products Garners $7,755,000 New Financing”
LiveSpot Lands $1,845,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=acd9ce35-d4bf-41f5-aa9d-ea40f136e936&Preview=1 Date 3/31/2009 Company Name LiveSpot Mailing Address 3340 Hillview Avenue Palo Alto, CA 94304 Company Description The company develops and markets personal navigation devices. Website Undisclosed Transaction Type Venture Equity Transaction Amount $1,845,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Venrock
Progress Financial Corporation Lands $7,158,900 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=86a022aa-1f26-4c21-b4b1-eb13bd13a117&Preview=1 Date 3/31/2009 Company Name Progress Financial Corporation Mailing Address 465 Fairchild Drive Mountain View, CA 94043 Company Description Progress Financial is the holding company for Progress Bank, which operates about 20 branches in southeastern Pennsylvania and one in New Jersey. The bank offers individuals and businesses such standard retail products as … Continue reading “Progress Financial Corporation Lands $7,158,900 New Round”
The Mechanical Zoo Secures $4,300,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c1df3ed1-704d-46a2-95ab-ef2dce8ea552&Preview=1 Date 3/31/2009 Company Name The Mechanical Zoo Mailing Address 138 10th Street San Francisco, CA 94103 Company Description The Mechanical Zoo was founded in late 2007 by Max Ventilla, Damon Horowitz, Nathan Stoll, and Rob Spiro. We currently have an early version of our first product running with a limited number … Continue reading “The Mechanical Zoo Secures $4,300,000 New Financing”
ShipWire Garners $5,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=faef8050-2d87-4e90-b502-efd4a1bf9a18&Preview=1 Date 3/31/2009 Company Name ShipWire Mailing Address 111 W. Evelyn Ave. Sunnyvale, CA 94086 Company Description Small and medium-sized businesses spend more than $50B a year bringing bulk merchandise into the US, managing the inventory, and packing and shipping individual orders. For most of these businesses, shipping is an inefficient and … Continue reading “ShipWire Garners $5,000,000 New Funding Round”
Anchor Bay Technologies Obtains $500,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8ae5480a-41c0-4a84-85d1-f1de23cd5743&Preview=1 Date 3/31/2009 Company Name Anchor Bay Technologies Mailing Address 300 Orchard City Drive Campbell, CA 95008 Company Description Anchor Bay Technologies Inc. (ABT) designs, manufactures, and markets semiconductor and system-level solutions for the next generation of Digital Television and Digital Video electronic products. Headquartered in Campbell, California, ABT is the parent … Continue reading “Anchor Bay Technologies Obtains $500,000 New Funding”
Socialtext Obtains $4,382,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bdc172e8-68fd-4173-afc8-f8ba89ea649e&Preview=1 Date 3/31/2009 Company Name Socialtext Mailing Address 655 High Street Palo Alto, CA 94301 Company Description Socialtext Incorporated makes enterprise social software for collaboration. Socialtext captures the best features of web-native tools called “wikis” and “weblogs” and brings them inside your enterprise to create a collaboration and knowledge tool that works … Continue reading “Socialtext Obtains $4,382,000 New Funding Round”
Pivotal Systems Garners $746,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1165328b-a8b5-4a38-91ba-faa852669217&Preview=1 Date 3/31/2009 Company Name Pivotal Systems Mailing Address 4683 Chabot Drive Pleasanton, CA 94588 Company Description Pivotal Systems is a Silicon Valley company that provides products that improve the manufacturability of semiconductor devices by providing Process Matching solutions that remove chamber micro-variations. Pivotal products enable productivity and yield gains by ensuring … Continue reading “Pivotal Systems Garners $746,000 New Financing Round”
Intelleflex Corporation Secures $1,000,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=93c31a46-d1fe-44c9-8ebf-fd03a67f7907&Preview=1 Date 3/31/2009 Company Name Intelleflex Corporation Mailing Address 2465 Augustine Drive Santa Clara, CA 95054 Company Description Intelleflex is a Silicon Valley company focused on the next generation of radio frequency identification (RFID) products and applications. Website http://www.intelleflex.com Transaction Type Venture Equity Transaction Amount $1,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds … Continue reading “Intelleflex Corporation Secures $1,000,000 New Financing Round”
Convergence: The Life Sciences Leaders Forum
Now in its sixth year, Convergence is a unique opportunity for life sciences executives to meet with investors, understand how policy and industry dynamics are changing, get closer to prospective partners, and learn about new opportunities. Speakers this year hail from the worlds of hospitals and payors, academia and big pharma, venture capital and start-ups … Continue reading “Convergence: The Life Sciences Leaders Forum”
Nantucket Conference
Over the last nine years, the Nantucket Conference has become an annual spring ritual where top technology investors and executives share new ideas, find investors and partners and debate key technology trends and financial dynamics. The tenth year program is proving no exception with speakers including Scott Durschlag, COO, Skype; Paul Ricci, CEO, Nuance; Rodney … Continue reading “Nantucket Conference”
Microsoft Closes Book on Encarta
Microsoft (NASDAQ: [[ticker:MSFT]]) announced today it is shutting down MSN Encarta, its online encyclopedia, as of October 31, 2009. The news was first reported by Ars Technica. Microsoft says, “The category of traditional encyclopedias and reference material has changed”—which seems to refer to online sites like Wikipedia and Google—and that the company will “develop future … Continue reading “Microsoft Closes Book on Encarta”
Spaltudaq Now Theraclone Sciences
Spaltudaq (SPAHL-too-dack), the Seattle-based maker of genetically engineered antibody drugs, has changed its name to Theraclone Sciences. Founder Johnny Stine, a member of the Snohomish tribe, gave the company its original name after a healing ceremony once performed by his ancestors in the Puget Sound region to make sure people don’t die before their time. … Continue reading “Spaltudaq Now Theraclone Sciences”
Greed Is Good, and Other Takeaways from Xconomy’s Cleantech Forum
Last Thursday, we hosted a fantastic event on energy innovation at K&L Gates in downtown Seattle. The panel discussion—moderated by Michael Butler of Cascadia Capital and featuring Mark Aggar of Microsoft, Jesse Berst of Global Smart Energy, Jeremy Jaech of Verdiem, and Linden Rhoads of UW Tech Transfer—did not disappoint in its edgy treatment of … Continue reading “Greed Is Good, and Other Takeaways from Xconomy’s Cleantech Forum”
Aushon Secures $6.5M Financing to Help Support Acquisition
Billerica, MA-based Aushon BioSystems, which provides microarray tools and services for biomarker analysis, has secured $6.5 million in new financing, the company announced. North Bridge Venture Partners was the sole source of the financing, which was used partly to support the Aushon’s recent acquisition of Thermo Fisher Scientific’s SearchLight Protein Array business and technology, the … Continue reading “Aushon Secures $6.5M Financing to Help Support Acquisition”
Avaak Technology Lets Users Create Their Own Personal Video Networks
When San Diego-based Avaak made its debut earlier this month at the spring DEMO conference in Palm Desert, CA, chief executive Gioia Messinger offered a grand description of the company’s personal video technology.”It’s like your own personal Google Street View, except it’s live, expandable, sharable, and easy—very, very easy,” Messinger told the Demo audience. The … Continue reading “Avaak Technology Lets Users Create Their Own Personal Video Networks”
InStream Media Closes First Round
Waltham, MA-based inStream Media today announced it has closed its Series A funding round. Lexington, MA-based CommonAngels and Waltham MA-based Stage 1 Ventures led the round, the value of which was not disclosed. InStream’s “1to1 Ads” system allows brick-and-mortar retailers to deliver behaviorally targeted ads and discount offers to shoppers, in the form of customized … Continue reading “InStream Media Closes First Round”
West Wireless Health Institute Established With $45M Donation
A family foundation established by telemarketing entrepreneurs Gary and Mary West today committed $45 million to help establish one of the world’s first medical research organizations to use wireless healthcare technologies. The San Diego-based West Wireless Health Institute also is supported by Scripps Health as a founding health care affiliate and Qualcomm as a founding … Continue reading “West Wireless Health Institute Established With $45M Donation”
Akamai Edges Into the Cloud, Surveys State of the Internet
Akamai Technologies, the Web content and applications delivery company based in Cambridge, MA, today revealed more details of it partnership with OpSource, a Santa Clara, CA, provider of computing infrastructure for Software-as-a-Service companies. It’s a deal that could help Akamai (NASDAQ:[[ticker:AKAM]]) move closer to the center of the cloud-computing trend, by helping to ensure that … Continue reading “Akamai Edges Into the Cloud, Surveys State of the Internet”
Ignition Capital Splits from Ignition Partners, Focuses on Private Equity
Xconomy has learned that three venture partners from Bellevue, WA-based Ignition Partners have formed a separate management company called Ignition Capital, and are working from new offices in downtown Seattle on private equity and late-stage investments. Jon Anderson, Rich Tong, and John Zagula are managing directors of Ignition Capital, whose fund is “focused on profitable … Continue reading “Ignition Capital Splits from Ignition Partners, Focuses on Private Equity”
Charles River Ventures Closes $320M Fund
Money may be scarce–but to many investors, economic downturns are the best time to invest in startup companies. Valuations are lower, and conditions ripe for disruption. Perhaps reflecting that outlook, Charles River Ventures, based in Waltham, MA, and Menlo Park, CA, announced today that it has closed its 14th fund, the $320 million CRP XIV. … Continue reading “Charles River Ventures Closes $320M Fund”
Seattle Genetics Gets Fast Track
Seattle Genetics, the Bothell, WA-based cancer drug developer, said today it has received “Fast Track” designation from the FDA for the pivotal trial of its SGN-35 drug for Hodgkin’s disease. The designation, which the FDA provides to potentially life-saving therapies, will allow Seattle Genetics (NASDAQ: [[ticker:SGEN]]) to submit data in its application on a rolling … Continue reading “Seattle Genetics Gets Fast Track”
Arena Obesity Drug Helps Patients Lose Weight, Without Heart Damage
[[Updated last paragraph: 9:38 am EDT]] Arena Pharmaceuticals has some good news this morning, although it will take some time to sort out how good. The San Diego-based biotech company said its experimental drug for obesity was able to reach its goals for helping people lose weight, without the side effect of damaging heart valves … Continue reading “Arena Obesity Drug Helps Patients Lose Weight, Without Heart Damage”
The Obama Bounce & San Diego’s Cleantech Innovators, Zeebo Steps Onto A Global Stage, Hollis-Eden Axes Its Namesake Founder, & More SD BizTech News
It was a busy week for San Diego’s innovation economy, with reports on new products, new deals, and some insights into how startup companies can survive virtually. So read on! —Zeebo, a new San Diego-based company, launched its game console, entering a multi-billion dollar industry dominated by the Wii, Xbox, and Playstation. Backed by Qualcomm, … Continue reading “The Obama Bounce & San Diego’s Cleantech Innovators, Zeebo Steps Onto A Global Stage, Hollis-Eden Axes Its Namesake Founder, & More SD BizTech News”
BioVex Raises $40M for Cancer-Fighting Virus
BioVex, a cancer drug developer based in Woburn, MA, reported some impressive clinical trial results that we covered last June. Now the company has raised $40 million in venture capital to see if it’s good enough to bring this drug candidate to the marketplace. The investment round was led by Amsterdam-based Forbion Capital Partners, which … Continue reading “BioVex Raises $40M for Cancer-Fighting Virus”
In Advance of New Massachusetts Privacy Law, Liquid Machines Offers Enterprise-Class Security Software to Mom-and-Pop Businesses
The Commonwealth of Massachusetts Office of Consumer Affairs and Business Regulation (OCABR) has taken pity on recession-dazed business owners in the state, putting off the deadline for meeting new data encryption regulations from January 1, 2009, to May 1, 2009, and then postponing enforcement again until January 1, 2010. Sooner or later, though, all Massachusetts … Continue reading “In Advance of New Massachusetts Privacy Law, Liquid Machines Offers Enterprise-Class Security Software to Mom-and-Pop Businesses”
Indel Therapeutics Aims High With New Class of Antibiotics to Fight Hospital Infections
Most biotech stories in 2009 are about companies hunkering down or otherwise playing it safe with incremental advances, not people just getting started with an audacious dream. Malcolm Kendall has one of those dreams. He’s starting a company that aims to identify new targets on cells that haven’t been proven before, and create antibiotics to … Continue reading “Indel Therapeutics Aims High With New Class of Antibiotics to Fight Hospital Infections”
TargAnox Launches with $5.1M Series A Round, Targeting Oxidative Stress to Treat Diseases
In this ugly economy, it takes a special recipe of compelling science and willing investors to launch a new biotech startup. Newly hatched biotech TargAnox, which is focused on developing drugs to curb a sometimes disease-related biochemical condition called oxidative stress, has stirred that recipe together in recent months and closed a $5.1 million Series … Continue reading “TargAnox Launches with $5.1M Series A Round, Targeting Oxidative Stress to Treat Diseases”
TargAnox Garners $5,100,000 Series A Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e889f026-4af2-4ce4-89c4-673e6fc06873&Preview=1 Date 3/30/2009 Company Name TargAnox Mailing Address 101 Huntington Avenue, 4th Floor Boston, MA 02199 Company Description TargAnox is focused on developing drugs to curb a sometimes disease-related biochemical condition called oxidative stress. Website Undisclosed Transaction Type Venture Equity Transaction Amount $5,100,000 Transaction Round Series A Proceeds Purposes Proceeds purposes were … Continue reading “TargAnox Garners $5,100,000 Series A Funding Round”