Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=18160a6d-df9b-4475-9b12-ae1403e07165 Date 7/22/2015 Company Name Rex Computing Mailing Address Undisclosed San Francisco, CA 94107 USA Company Description Processor architectures have not been rethought for over 25 years, and the end of CMOS scaling will make it increasingly difficult for performance and efficency improvements without a fresh design. Website http://www.rexcomputing.com Transaction Type Venture … Continue reading “Rex Computing Lands $1,250,000 New Financing”
Gynesonics Receives $43,000,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=dda537cc-0e8d-4d41-99dc-d0cd78c4918b Date 7/22/2015 Company Name Gynesonics Mailing Address 604 Fifth Avenue Redwood City, CA 94063 USA Company Description Gynesonics is a private company that is developing a novel, minimally invasive system to treat uterine fibroid tumors, The VizAblate system. Gynesonics’ disposable, hand-held device combines ultrasound imaging to allow the gynecologist to identify … Continue reading “Gynesonics Receives $43,000,000 New Round”
Invi Garners $2,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f283f6c9-d5d5-48b9-a807-df88be3e15db Date 7/22/2015 Company Name Invi Mailing Address 830 Stewart Drive Sunnyvale, CA 94085 USA Company Description invi is the next generation of texting. No more tiny thumbnails and dull links. Share pictures, YouTube videos and so much more within your text conversations, as beautiful and interactive content. Website http://www.invi.com Transaction Type … Continue reading “Invi Garners $2,000,000 New Financing”
DataFox Lands $5,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cc409ca5-7bc2-4347-bcfe-e1c289c8dd33 Date 7/22/2015 Company Name DataFox Mailing Address 657 Bryant St. San Francisco, CA 94107 USA Company Description DataFox is bringing transparency and insight to the historically opaque world of private-company investing. Working from our curated database, DataFox maps leading success indicators such as hiring, press mentions, and funding to broader industry … Continue reading “DataFox Lands $5,000,000 New Funding Round”
Granular Receives $18,700,000 Series B Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=477a3f52-a963-42ee-b106-e989e6557cea Date 7/22/2015 Company Name Granular Mailing Address 501 2nd Street San Francisco, CA 94107 USA Company Description The business of production agriculture is increasingly complex. To grow in today’s challenging environment, every decision has to be the best decision. Granular’s business software and analysis platform allows producers to improve efficiency, yields … Continue reading “Granular Receives $18,700,000 Series B Funding Round”
Kinetic Social Obtains $17,000,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=37511ed2-de61-41d8-a07a-9bd290c3ff7f Date 7/22/2015 Company Name Kinetic Social Mailing Address 134 West 37th St. 7th Floor New York, NY 10018 USA Company Description Kinetic was founded on the premise that marrying Big Data to social media is the pathway to unlocking substantial benefits both within social advertising and across the digital marketing spectrum. … Continue reading “Kinetic Social Obtains $17,000,000 New Round”
Homer Logistics Receives New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1ef48a48-b218-4d21-a7e9-d7bacd94cf1e Date 7/22/2015 Company Name Homer Logistics Mailing Address Undisclosed New York, NY 10017 USA Company Description Homer uses technology to make food delivery faster, safer, and cheaper in the urban environment. Through the use of mobile tracking, routing, and communication, Homer delivers more orders in fewer miles traveled. Website http://www.homerlogistics.com Transaction … Continue reading “Homer Logistics Receives New Funding”
Viyet Garners $582,580 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b55c2961-4278-4312-8609-dcdb7b271181 Date 7/22/2015 Company Name Viyet Mailing Address 584 Broadway New York, NY 10012 USA Company Description Viyet is the design aficionado’s destination to buy and sell timeless furniture and accessories. We make it easy for owners of high-end furniture to sell their pieces when it comes time to move or redecorate. … Continue reading “Viyet Garners $582,580 New Funding Round”
Symbiont.io Lands New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4c3a4d09-d3c3-4575-bd26-e42bfa23dc1e Date 7/22/2015 Company Name Symbiont.io Mailing Address 115 Broadway 12th Floor New York, NY 10006 USA Company Description Symbiont is building the first issuance and trading platform for smart securities on blockchain technology Website http://www.symbiont.io Transaction Type Venture Equity Transaction Amount Undisclosed Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not … Continue reading “Symbiont.io Lands New Financing Round”
NanoRacks & Bezos’s Blue Origin Team to Boost Suborbital Research
Nanoracks, a private Houston-area space company, has formed a new partnership with Jeff Bezos’s Blue Origin to help scientific researchers work in suborbital space. NanoRacks CEO Jeffrey Manber passed the information along to me in an e-mail this morning. According to a post on the company’s website, Manber said “for many projects, a productive first … Continue reading “NanoRacks & Bezos’s Blue Origin Team to Boost Suborbital Research”
New $2.7M Macomb Innovation Fund Awards $275K to Five Startups
Five startups from Southeast Michigan were today awarded a total of $275,000 from a new $2.7 million innovation fund that is a joint effort between Macomb Community College (MCC) and JP Morgan Chase, as part of the latter’s $100 million, five-year initiative to stimulate Detroit’s revitalization. The purpose of the fund, organizers said in a … Continue reading “New $2.7M Macomb Innovation Fund Awards $275K to Five Startups”
Why Vook Became Pronoun to Keep Chasing a Share of E-Publishing
With a new name and a few changes in strategy, a New York-based e-publishing company is still trying to become a central character in the next chapter of digital books. In June, Avalon Ventures invested $3.5 million into Pronoun, previously known as Vook. Pronoun’s CEO Josh Brody likens the evolution of digital publishing to the … Continue reading “Why Vook Became Pronoun to Keep Chasing a Share of E-Publishing”
Former Roche, Alexion Execs Head to Ophthotech
New York-based Ophthotech (NASDAQ: [[ticker:OPHT]]) today named former Roche ophthalmology executive David Shima its chief scientific officer. Shima also once worked at Eyetech Pharmaceuticals, which was founded many years ago by current Ophthotech executives. In addition, Ophthotech hired Henric Bjarke, formerly of Alexion Pharmaceuticals (NASDAQ: [[ticker:ALXN]]), as its chief commercial officer.
Oncology Developer Oxigene Names Matthew Loar New CFO
South San Francisco, CA-based Oxigene (NASDAQ: [[ticker:OXGN]]), a developer of cancer treatments, named Matthew Loar as its new chief financial officer. Loar was previously CFO of KineMed, a privately held biotech in Emeryville, CA.
New $217M Venture Fund for Enterprise Tech Startups in Boston
No one knows how much longer it’ll last, but it’s definitely a good time to raise a venture fund. Boston-based .406 Ventures said today it has raised a $217 million third fund to invest in enterprise tech companies. The 10-year-old venture firm has about $600 million under management, making it one of the more prominent … Continue reading “New $217M Venture Fund for Enterprise Tech Startups in Boston”
ShoCard Obtains $1,500,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=936601ee-1682-4ae0-b095-a5aa5ad25768 Date 7/21/2015 Company Name ShoCard Mailing Address 455B Portage Ave. Palo Alto, CA 94306 USA Company Description ShoCard is a digital identity that protects consumer privacy and is as easy to understand and use as showing a driver’s license. It’s optimized for mobile and so secure that a bank can rely … Continue reading “ShoCard Obtains $1,500,000 New Financing Round”
Medallia Secures $150,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9918d5d2-4857-4cf8-8890-a6d1f7059464 Date 7/21/2015 Company Name Medallia Mailing Address 395 Page Mill Road Palo Alto, CA 94306 USA Company Description Medallia purpose-built its Customer Feedback Management Solution to help clients capture feedback from their stakeholders, share the data company-wide, recover customers at risk, discover what’s behind the data, and improve company performance. Website … Continue reading “Medallia Secures $150,000,000 New Funding Round”
Verbling Garners $2,700,000 Series A Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a6efd60b-4e08-48bc-8b06-ccb2be7536db Date 7/21/2015 Company Name Verbling Mailing Address 665 3rd St. San Francisco, CA 94107 USA Company Description Verbling is the instant way to practice and learn a language. Website http://www.verbling.com Transaction Type Venture Equity Transaction Amount $2,700,000 Transaction Round Series A Proceeds Purposes The funds from the latest round will be … Continue reading “Verbling Garners $2,700,000 Series A Funding”
Limelight Health Receives $3,000,000 Series A Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c2df66bd-d970-49eb-9496-d0c125e4326b Date 7/21/2015 Company Name Limelight Health Mailing Address 645 Harrison St. San Francisco, CA 94107 USA Company Description Limelight Health was founded by health insurance industry experts who see an opportunity to lead the transformation for how we shop and select our health insurance and employee benefits. Using innovative and mobile-first … Continue reading “Limelight Health Receives $3,000,000 Series A Financing”
Luna Obtains $120,000 Seed Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2be391ba-1c2c-49ef-bfaf-f972663cb15e Date 7/21/2015 Company Name Luna Mailing Address Undisclosed San Francisco, CA 94107 USA Company Description Luna’s dual zone technology provides the option for you and your partner to select different temperatures for each side of the bed. Website http://www.lunasleep.com Transaction Type Accelerator Transaction Amount $120,000 Transaction Round Seed Proceeds Purposes Proceeds … Continue reading “Luna Obtains $120,000 Seed Funding Round”
BrightBytes Lands $33,000,000 Series C Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=507a99c2-90f2-448d-806c-fb3b8d0e6656 Date 7/21/2015 Company Name BrightBytes Mailing Address 490 2nd Street San Francisco, CA 94107 USA Company Description Technology is an indispensable part of a 21st century education, but at BrightBytes we understand how difficult it can be to assess the impact of technology investments on teaching and student learning. BrightBytes delivers … Continue reading “BrightBytes Lands $33,000,000 Series C Funding”
eBay Acquires Twice for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1ffa29e4-638c-4e04-a32b-ea37398da19b Date 7/21/2015 Company Name Twice Mailing Address Undisclosed San Francisco, CA 94123 USA Company Description The company offers an online website marketplace for secondhand clothes. Website http://www.liketwice.com Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes M&A Terms Financial terms of the transaction were not disclosed by the companies.
Krossover Garners $12,718,435 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=592e6d9f-f49d-4a8e-9647-6977c5c055d8 Date 7/21/2015 Company Name Krossover Mailing Address 148 W 24th Street 8th Floor New York, NY 10011 USA Company Description Krossover Intelligence is a New York City based technology company with a focus on the online video search industry. The company’s first vertical of choice is the sports world, with the … Continue reading “Krossover Garners $12,718,435 New Financing Round”
Apprenda Lands $24,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b7062d17-18c2-41a5-b6d3-e917d2957466 Date 7/21/2015 Company Name Apprenda Mailing Address 3 Corporate Drive Clifton Park, NY 12065 USA Company Description Apprenda is the pioneering developer of a general purpose platform for SaaS applications that focuses on smashing the cost and technical barriers associated with building enterprise grade SaaS applications, making SaaS accessible as a … Continue reading “Apprenda Lands $24,000,000 New Financing”
Besomebody Garners $1,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=759f3172-fcb7-4304-a7a1-2a2754631946 Date 7/21/2015 Company Name Besomebody Mailing Address 5113 Doss Rd. Austin, TX 78734 USA Company Description Besomebody Inc is a beast the world has never seen. What started as the personal mantra of Founder, Kash Shaikh, and grew into the fastest growing Motivational Movement in the world, reaching more than 4 … Continue reading “Besomebody Garners $1,000,000 New Funding”
Sentri Secures $730,413 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f1a0f41b-91a0-4895-a935-2e31c55f5570 Date 7/21/2015 Company Name Sentri Mailing Address 200 Friberg Parkway Westborough, MA 01581 USA Company Description Sentri’s HD camera and built-in sensors track your home’s vital stats and trends, allowing you to track temperature, humidity, air quality, weather and more from one central dashboard or with our customized mobile app Website … Continue reading “Sentri Secures $730,413 New Financing Round”
Avaxia Biologics Receives $1,005,777 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0af77390-cd12-4df3-b374-64aac005114b Date 7/21/2015 Company Name Avaxia Biologics Mailing Address 128 Spring Street Lexington, MA 02421 USA Company Description Avaxia is developing oral antibody products for diseases and disease targets that can be reached through the mouth and the gastrointestinal tract. Website http://www.avaxiabiologics.com Transaction Type Debt Transaction Amount $1,005,777 Transaction Round Undisclosed Proceeds … Continue reading “Avaxia Biologics Receives $1,005,777 New Financing”
Comr.se Obtains $427,260 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=73fa4f85-b2e1-481e-a600-62ac1981edf7 Date 7/21/2015 Company Name Comr.se Mailing Address 206 1st Ave South Seattle, WA 98104 USA Company Description Comr.se gives developers the tools to integrate with e-commerce and payment processing infrastructures to power Buy Now experiences everywhere. Website http://www.comr.se Transaction Type Debt Transaction Amount $427,260 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes … Continue reading “Comr.se Obtains $427,260 New Financing”
Google Acquires Pixate for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8d516560-9ad9-448f-97a4-82b39a6d001e Date 7/21/2015 Company Name Pixate Mailing Address 418 Florence Street Palo Alto, CA 94301 USA Company Description Pixate was founded in May 2012 by Paul Colton and Kevin Lindsey with the goal of enabling designers and developers alike to quickly and easily create beautiful, native mobile interfaces. Pixate was a Y-Combinator … Continue reading “Google Acquires Pixate for Undisclosed Sum”
IsoStem Obtains $800,000 Series A Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bc0ba91c-c19c-4213-aaa1-900aff9682b1 Date 7/21/2015 Company Name IsoStem Mailing Address 206 Wild Basin Rd. Austin, TX 78746 USA Company Description The company provides biotechnology services. Website Undisclosed Transaction Type Venture Equity Transaction Amount $800,000 Transaction Round Series A Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing – amended. Contact technology company for … Continue reading “IsoStem Obtains $800,000 Series A Round”
Cicero Lands $1,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1d6beafc-36f2-4046-ab66-d5c56f1b6188 Date 7/21/2015 Company Name Cicero Mailing Address 8000 Regency Pkwy Cary, NC 27518 USA Company Description Cicero provides businesses the ability to maximize every interaction from intra-company back office applications to those that take place between employees, customers and vendors while extending the value of the best of breed applications in … Continue reading “Cicero Lands $1,000,000 New Funding Round”
Wisconsin Roundup: Tax Credits, VC Funds, Medical Devices, & More
Here’s a collection of some recent headlines from Wisconsin’s tech and innovation community: —A report from the Wisconsin Economic Development Corp. reinforces the fact that 2014 was a strong year for investments in Badger State companies. The annual report on the Qualified New Business Venture program—a state initiative that offers a 25 percent tax credit … Continue reading “Wisconsin Roundup: Tax Credits, VC Funds, Medical Devices, & More”
Alzheimer’s Drug Firm vTv Therapeutics Sets Terms for $125M IPO
Drug developer vTv Therapeutics is moving forward with its plans for a public stock offering to support late-stage clinical development of its Alzheimer’s disease drug. The High Point, NC-based company on Monday set terms for its IPO, proposing to offer 7.8 million shares in the range of $15 to $17 per share. At the midpoint, … Continue reading “Alzheimer’s Drug Firm vTv Therapeutics Sets Terms for $125M IPO”
Insight’s Big Bets Drive Colorado’s VC Haul to $330M in 2nd Quarter
Companies in Colorado raised nearly $330.3 million from venture capital investors in the second quarter, a 185 percent jump from what they raised in the prior quarter, and while that increase might have locals smiling, a New York City-based private equity and VC firm might have the most to gain. Insight Venture Partners made the … Continue reading “Insight’s Big Bets Drive Colorado’s VC Haul to $330M in 2nd Quarter”
Beyond Houston: Advocates Aim to Boost Texas Biotech in Dallas Area
To illustrate the promise—and potential loss—of biotech in North Texas, JJ Spegele likes to share a conversation he had with a PhD candidate finishing his studies at a Dallas-area institution. “He wants to stay here, but he doesn’t know where to look for work,” says Spegele, the president and CEO of the newly formed BioNorthTX, … Continue reading “Beyond Houston: Advocates Aim to Boost Texas Biotech in Dallas Area”
Rock the House—from Silicon Valley to China
It’s that time of the quarter, when venture capital fundraising data are released by the National Venture Capital Association (NVCA), possibly leaving all the sophisticated investors across the industry wringing their collective hands about frothiness. The latest data shows that VCs in 2Q15 raised over $10.4 billion (slightly revised upward from the amount first announced … Continue reading “Rock the House—from Silicon Valley to China”
Jibo Secures $9,000,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1b3afb0b-0905-4b50-a6bd-7f41e0a2482f Date 7/20/2015 Company Name Jibo Mailing Address 745 Atlantic Avenue Boston, MA 02111 USA Company Description Jibo is an interactive social and emotive robot that provides information, entertainment, education, and communications capabilities. Website http://www.myjibo.com Transaction Type Venture Equity Transaction Amount $9,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. … Continue reading “Jibo Secures $9,000,000 New Financing Round”
Weft Lands $1,995,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=36dcce64-eb44-4ee7-befb-e0bcff9d66b8 Date 7/20/2015 Company Name Weft Mailing Address 32 Pearl Street Cambridge, MA 02139 USA Company Description We connect data to contextual insight and low-cost hardware. Weft increases operational productivity for all members of the global supply chain. Website http://www.weft.io Transaction Type Debt Transaction Amount $1,995,000 Transaction Round Undisclosed Proceeds Purposes Proceeds … Continue reading “Weft Lands $1,995,000 New Funding Round”
Tragara Pharmaceuticals Lands $1,201,200 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c4c82462-fd87-4cd2-99ba-1cd1d9115e31 Date 7/20/2015 Company Name Tragara Pharmaceuticals Mailing Address 3152 Lionshead Avenue Carlsbad, CA 92010 USA Company Description Tragara Pharmaceuticals, Inc. is a pharmaceutical company based in San Diego, California focused on the clinical and commercial development of proprietary drugs for the treatment of cancer and inflammation-related diseases. Website http://www.tragarapharma.com Transaction Type … Continue reading “Tragara Pharmaceuticals Lands $1,201,200 New Financing Round”
Sensity Systems Secures $36,000,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=93da97b4-ffef-4218-bdf5-2cb1d3fc9c81 Date 7/20/2015 Company Name Sensity Systems Mailing Address 480 Oakmead Pkwy Sunnyvale, CA 94085 USA Company Description Sensity Systems capitalizes on conversions to LED lighting—a process that will affect 4 billion lights worldwide over the next few years—to create a high-speed, sensor-based, multiservice, open networking platform known as a Light Sensory … Continue reading “Sensity Systems Secures $36,000,000 New Round”
Protagonist Therapeutics Secures $40,000,000 Series C Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f5c19a96-55ab-402d-90f3-43ff06e98cc3 Date 7/20/2015 Company Name Protagonist Therapeutics Mailing Address 521 Cottonwood Drive Milpitas, CA 95035 USA Company Description Protagonist Therapeutics is a U.S.-incorporated biotechnology company pursuing the discovery and development of disulfide-rich peptides (DRPs) as well differentiated alternatives to biologics, and also as new chemical entities (NCEs) against those targets and life … Continue reading “Protagonist Therapeutics Secures $40,000,000 Series C Funding Round”
Survata Secures $6,000,000 Series A Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0e1a5d40-f4f2-4e66-9e1d-96e99fc61657 Date 7/20/2015 Company Name Survata Mailing Address 12 Gallagher Lane San Francisco, CA 94103 USA Company Description Survata is a company that’s changing the way online market research is performed. We make it faster and cheaper than ever to quickly find high quality respondents for your online survey. Website http://www.survata.com Transaction … Continue reading “Survata Secures $6,000,000 Series A Funding Round”
Microsoft Acquires Adallom for $320,000,000
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=628e9dc3-f6b0-4622-8fbf-98025f0edada Date 7/20/2015 Company Name Adallom Mailing Address 2390 El Camino Real Palo Alto, CA 94306 USA Company Description Adallom is a SaaS security company. Founded in 2012 by alumni of the Israeli Intelligence Corps, focused on evolving the way enterprises secure information in SaaS by monitoring all activity, detecting unauthorized access, … Continue reading “Microsoft Acquires Adallom for $320,000,000”
Vroom Lands $54,000,000 Series B Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=271ac8c3-42dd-404c-9224-57e9c41103ea Date 7/20/2015 Company Name Vroom Mailing Address 2615 W. Interstate 20 Grand Prairie, TX 75052 USA Company Description Vroom empowers you to buy a quality pre-owned car online and get it delivered right to your doorsteps with a 7 day in-home test drive. Website http://www.vroom.com Transaction Type Venture Equity Transaction Amount … Continue reading “Vroom Lands $54,000,000 Series B Funding”
Sharing Economy Companies Sharing the Heat In Contractor Controversy
[Corrected 7/31/15, 2:34 pm. See below.] For some time, Uber and other Silicon Valley tech companies have been fighting off lawsuits and other claims that their labor practices are unfair to on-demand workers they classify as independent contractors rather than as employees. The heat mounted this week on a number of fronts. The issue took … Continue reading “Sharing Economy Companies Sharing the Heat In Contractor Controversy”
DRYV Offers Detroiters On-Demand Dry-Cleaning and Delivery
Believe it or not, my least favorite thing about Detroit is not the crime, systemic poverty, or proliferation of twee, wildly overpriced hipster boutiques. What drives me crazy about the Motor City is actually the utter lack of delivery services and on-demand service provider options. Savvy startups are beginning to notice that hole in the … Continue reading “DRYV Offers Detroiters On-Demand Dry-Cleaning and Delivery”
East Coast Biotech Roundup: Celgene, Chiasma, Cerulean, & More
[Updated 7/19/15, 9:36 p.m. See below.] In this week’s Celgene roundup—sorry, this week’s biotech roundup—Celgene is yet again leading the way with its second billion-plus dollar deal in the last month. Beyond Celgene’s recent high level of activity, the last week has been defined by news that was expected to happen—from initial public offerings to data … Continue reading “East Coast Biotech Roundup: Celgene, Chiasma, Cerulean, & More”
After $103M IPO, Rapid7 Stock Up in Early Trading
[Updated, 5:45pm] Ding, ding. Rapid7 CEO Corey Thomas rang the opening bell at the Nasdaq this morning, and the Boston area’s first tech IPO of 2015 is in the books. Rapid7 (NASDAQ: [[ticker:RPD]]) raised $103.2 million by selling 6.45 million shares at $16 a pop, which was above the expected price range. The cybersecurity company’s … Continue reading “After $103M IPO, Rapid7 Stock Up in Early Trading”
NephroGenex Aims to Raise $7.5M for Diabetic Nephropathy Drug
NephroGenex has finally priced a stock offering to pay for more late-stage clinical trial work on its treatment for a deadly diabetes complication, but the company needed to slash its offering twice in order to pull it off. Raleigh, NC-based NephroGenex [[NASDAQ: [[ticker:NRX]]) aims to raise $7.5 million from a secondary stock offering of 1.5 … Continue reading “NephroGenex Aims to Raise $7.5M for Diabetic Nephropathy Drug”
Texas Roundup: SailPoint, DEC, Neos, Sanofi, NASA & XPrize
The dog days of Texas summer are here, with temperatures hitting 100 degrees. So stay inside and catch up on the latest innovation news: —SailPoint, an Austin-TX-based maker of identity management software, has purchased Whitebox Security, a security software firm based in Sunnyvale, CA. Whitebox’s products will still be offered under the “SecurityIQ” name. Terms … Continue reading “Texas Roundup: SailPoint, DEC, Neos, Sanofi, NASA & XPrize”