Slack Garners $160,000,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4c56cfe7-bb75-4bd7-87c6-9e4efb5556a0 Date 4/16/2015 Company Name Slack Mailing Address Undisclosed San Francisco, CA 94301 USA Company Description Slack is a real-time messaging, archiving and search tool for modern teams. Website http://www.slack.com Transaction Type Venture Equity Transaction Amount $160,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed by the company. M&A Terms … Continue reading “Slack Garners $160,000,000 New Financing”

UCSD Marks an Innovation Milestone: Control Over Tech Transfer

San Diego’s place as a hub for innovation in biotechnology, chip design, telecommunications, and other industries was made possible by a change that went mostly unnoticed in early 1994, UC San Diego Chancellor Pradeep Khosla said Tuesday night at a campus event. That was the year a University of California ad hoc advisory committee recommended … Continue reading “UCSD Marks an Innovation Milestone: Control Over Tech Transfer”

Acorns Lands $23M For App Attracting Investment-Phobic Millennials

A bevy of surveys paint a pretty clear picture: Today’s young adults don’t trust the financial markets. Fewer in the younger generation—broadly dubbed the millennials—are putting their money in traditional investment markets after they saw turn upside-down in 2008. Instead, they are holding onto the cash. Online credit card marketplace, Austin,TX-based CreditCards.com, says over a … Continue reading “Acorns Lands $23M For App Attracting Investment-Phobic Millennials”

Doudna, Berkeley Gain Expert’s Backing In CRISPR Patent Fight

Jennifer Doudna is urging caution in the use of genetic manipulation. But she and her colleagues are also fighting for ownership of the scientific tools that make it possible. Through Doudna’s employer, the University of California, Berkeley, the biochemist and her colleagues are forging ahead with a patent fight, bolstered with documents published Monday, over … Continue reading “Doudna, Berkeley Gain Expert’s Backing In CRISPR Patent Fight”

Harvard Startup Connects Picture Frames with Wi-Fi, Touchscreens

Let’s be honest—digital picture frames are pretty lame gifts, especially for mom and dad, let alone grandpa. But that could change if a Boston startup named Glimpse has its way. Glimpse makes Skylight, a new digital picture frame that takes advantage of touchscreens and Wi-Fi to make a frame its creators say is easy to … Continue reading “Harvard Startup Connects Picture Frames with Wi-Fi, Touchscreens”

Michigan GDG DevFest

Calling all software developers: This event features presentations on Android and Google Web/Cloud technologies from local and national experts. Click here for details.

Big Day For Biotech IPOs as Aduro More Than Doubles In Price

[Updated 4/15/15, 7:14pm. See below.] Aduro Biotech (NASDAQ: [[ticker:ADRO]]) kept the immunotherapy bulls running Wednesday after raising $119 million in its initial public offering. Berkeley, CA-based Aduro sold 7 million shares at $17 apiece, a price that has more than doubled in its first trading day on the Nasdaq, pushing past $38 in late trading. … Continue reading “Big Day For Biotech IPOs as Aduro More Than Doubles In Price”

Xbiotech’s $76M Offering Sets Course for Late-Stage Cancer Studies

Xbiotech, an Austin, TX-based company founded a decade ago, has taken its mission to develop drugs from naturally occurring monoclonal antibodies to the public markets. The company sold 4 million shares at $19 a piece, in the middle of its expected range, to raise $76 million. WR Hambrecht + Co. was the sole underwriter of … Continue reading “Xbiotech’s $76M Offering Sets Course for Late-Stage Cancer Studies”

Innocrin Pharmaceuticals Lands $28M for Prostate, Breast Cancer Trials

[Updated 4/16/15, 10:56 am. See below.]  Innocrin Pharmaceuticals is moving forward with a prostate cancer drug that it believes could better target the cancer while also causing fewer side effects compared to existing treatments. Now the company has some additional cash to try and make its case. The Durham, NC, company has raised $28 million … Continue reading “Innocrin Pharmaceuticals Lands $28M for Prostate, Breast Cancer Trials”

StemBioSys Takes $8M to Build Homes For Stem Cells

Sometimes the difference between thriving and foundering can come down to having a nice place to call home. This is true even at the cellular level, so San Antonio, TX-based StemBioSys has built what’s essentially a home for stem cells—a three-dimensional matrix made of natural materials in which cells can replicate more rapidly than in … Continue reading “StemBioSys Takes $8M to Build Homes For Stem Cells”

Real Estate Platform TheSquareFoot Nets $2M, Expands to NY

Th SquareFoot, a Houston-born and now New York-based online platform for commercial real estate, has raised $2 million in seed funding following its expansion into the Big Apple. “Being in New York is a very different animal,” says Justin Lee, a SquareFoot co-founder. “The commercial real estate market in New York is super, super competitive … Continue reading “Real Estate Platform TheSquareFoot Nets $2M, Expands to NY”

Healthcare Is Transforming Regardless of What Happens to the ACA

Powerful arguments and emotions continue to challenge the future of the Affordable Care Act (ACA). The Supreme Court, partisan ideology, presidential elections, and deeply held convictions about the role of government will all make their mark. Most healthcare leaders, however, share a fundamental belief that healthcare transformation is happening now—driven by some of the same … Continue reading “Healthcare Is Transforming Regardless of What Happens to the ACA”

Fetchnotes Co-Founder on Mobile Collaboration, Acquisition by Driftt

Buoyed by $15 million in venture funding, Cambridge, MA-based Driftt announced this week that it has acquired Ann Arbor-born startup Fetchnotes. The terms of the deal were not disclosed, but Fetchnotes co-founder and CEO Alex Schiff confirmed that it’s purely a technology acquisition; none of the Fetchnotes team will join Driftt. In 2012, Fetchnotes was … Continue reading “Fetchnotes Co-Founder on Mobile Collaboration, Acquisition by Driftt”

Citymaps Trying to Be a More Personalized Alternative to Google Maps

Hop in a cab in New York and chances are you will see Citymaps at work. The company’s digital maps showing points of interest in the area appear on video screens in many of the taxis that crisscross the city. Lately though, Citymaps has broadened its borders to serve the rest of the globe. The … Continue reading “Citymaps Trying to Be a More Personalized Alternative to Google Maps”

NEA Closes on $3.1 Billion for Its Latest Fund, Sticks to Its Strategy

In a way, it will be more of the same for New Enterprise Associates (NEA)—just with a hefty addition to its war chest to work with. Early Wednesday morning, the venture capital firm announced it closed on $2.8 billion in committed capital for its fifteenth fund, plus $350 million more for its NEA Opportunity Fund—a … Continue reading “NEA Closes on $3.1 Billion for Its Latest Fund, Sticks to Its Strategy”

Kyriba Raises $21M to Expand Treasury Management Software

San Diego-based Kyriba, a cloud-based provider of corporate treasury management software, raised $21 million in a Series C financing round that includes a strategic investment by HSBC, the U.K. multinational financial services company that ranks as the world’s second-biggest bank. Existing investors that also participated in the round include France’s BRED Banque Populaire, Beirut-based Daher … Continue reading “Kyriba Raises $21M to Expand Treasury Management Software”

netBlazr Receives $675,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f3d5f15d-0ee7-4b46-b75f-0661ec1da43f Date 4/15/2015 Company Name netBlazr Mailing Address 218 Lincoln Street Allston, MA 02134 USA Company Description netBlazr is a locally-owned business that offers nothing but net, an Internet connection that is reliable and affordable and nothing else. No gimmicks, games, or tricks. Website http://www.netblazr.com Transaction Type Venture Equity Transaction Amount $675,000 … Continue reading “netBlazr Receives $675,000 New Financing”

Arcadia Healthcare Solutions Secures $13,000,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a1f489f1-7221-4469-9aed-5d606cf4e221 Date 4/15/2015 Company Name Arcadia Healthcare Solutions Mailing Address 20 Blanchard Rd. Burlington, MA 01803 USA Company Description Arcadia Healthcare Solutions is an EHR Data Aggregation and Analytics technology company trusted by provider groups, health plans, and integrated delivery networks nationwide. Arcadians use the proven Arcadia Analytics platform to collect, integrate, … Continue reading “Arcadia Healthcare Solutions Secures $13,000,000 New Funding Round”

WorldViz Lands Series A Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7cf31c65-63b6-4bdf-b02b-59ab36bb1394 Date 4/15/2015 Company Name WorldViz Mailing Address 614 Santa Barbara St. Santa Barbara, CA 93101 USA Company Description WorldViz presents VizMove, an enterprise-class turnkey VR solution for cost-effective, high-performance virtual reality applications. VizMove Walking VR and VizMove Projection VR are suited for a broad range of applications including design visualization, architecture, … Continue reading “WorldViz Lands Series A Round”

Cidara Therapeutics Garners $76,800,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4db3fe46-2bb6-4edc-9276-b7bad93d09b6 Date 4/15/2015 Company Name Cidara Therapeutics Mailing Address 6310 Nancy Ridge Drive San Diego, CA 92121 USA Company Description Cidara Therapeutics’ (NASDAQ: CDTX) vision is to apply the versatile Cloudbreak small molecule immunotherapy platform to treat patients with compromised immune systems across multiple therapeutic areas. Website http://www.cidara.com Transaction Type IPO Transaction … Continue reading “Cidara Therapeutics Garners $76,800,000 New Round”

GreenLancer Obtains $5,000,000 Series B Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1fb2fc4a-bf0f-4cfb-a60d-5ce0397c1ab4 Date 4/15/2015 Company Name GreenLancer Mailing Address 615 Griswold Street Detroit, MI 48226 USA Company Description GreenLancer’s online platform is providing the next generation of alternative energy engineering services and significantly reducing the soft costs associated with developing alternative energy projects. Website http://www.greenlancer.com Transaction Type Venture Equity Transaction Amount $5,000,000 Transaction … Continue reading “GreenLancer Obtains $5,000,000 Series B Financing Round”

Hygieia Lands $675,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=92268f80-49a4-4a72-9fe4-c90c858640f3 Date 4/15/2015 Company Name Hygieia Mailing Address 58 Parkland Plaza Ann Arbor, MI 48103 USA Company Description Hygieia is an emerging specialized health service company whose solution is used by healthcare systems to transform diabetes care. The d-Nav Insulin Guidance Service enables HMOs to offer subscribers effective insulin management at an … Continue reading “Hygieia Lands $675,000 New Funding”

Skycatch Secures $5,000,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=844eea41-1d34-4036-af38-0d0f7d622e70 Date 4/15/2015 Company Name Skycatch Mailing Address 1355 Market Street San Francisco, CA 94103 USA Company Description Skycatch is a team with a diverse array of backgrounds but a common passion getting your ideas off the ground. We’ve grown quickly; within the last year we have added staff with deep expertise … Continue reading “Skycatch Secures $5,000,000 New Financing Round”

Benchling Lands $5,000,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4572cbc4-9943-4b8b-bdd4-33d1c94721c5 Date 4/15/2015 Company Name Benchling Mailing Address 170 Capp Street San Francisco, CA 94110 USA Company Description Unlike standard desktop software, improvements to Benchling are pushed every day. Our users automatically get access to these upgrades without needing to go through slow and costly version upgrades. Website http://www.benchling.com Transaction Type Venture … Continue reading “Benchling Lands $5,000,000 New Round”

Aduro BioTech Obtains $119,000,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9b7997b0-033e-4bb2-948a-687532fe308a Date 4/15/2015 Company Name Aduro BioTech Mailing Address 626 Bancroft Way Berkeley, CA 94710 USA Company Description Aduro BioTech (NASDAQ: ADRO) is an immunotherapy company with a platform technology for therapeutic and prophylactic vaccines for cancer and infectious diseases. Website http://www.adurobiotech.com Transaction Type IPO Transaction Amount $119,000,000 Transaction Round Undisclosed Proceeds … Continue reading “Aduro BioTech Obtains $119,000,000 New Funding”

FinalCode Secures New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cf2d43f9-75fd-4537-91fe-9cde03b58133 Date 4/15/2015 Company Name FinalCode Mailing Address 624 University Ave. Palo Alto, CA 94301 USA Company Description FinalCode, founded in April 2014, looks to solve the problem of file security and data leakage that can lead to data breaches and the growth of shadow IT in an organization. Website http://www.finalcode.com Transaction … Continue reading “FinalCode Secures New Financing Round”

Yerdle Garners $3,649,554 Series A Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=67126a86-55ec-4cb9-b8bb-b2361bc2b6e3 Date 4/15/2015 Company Name Yerdle Mailing Address 82 2nd Street San Francisco, CA 94111 USA Company Description Right now, thousands of items are being shared on yerdle, from camping gear to kid’s toys. We are a community powered by generosity. All you have to do is give to get. Members post … Continue reading “Yerdle Garners $3,649,554 Series A Round”

RetailNext Garners $125,000,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9825543c-9377-43ba-9fe4-c081152f2283 Date 4/15/2015 Company Name RetailNext Mailing Address 60 S. Market Street 10th Floor San Jose, CA 95113 USA Company Description Analyzing more than 20 million shoppers a month across dozens of retail chains, RetailNext is the leading provider of in-store retail analytics. Since 2007 RetailNext (formerly BVI) has transformed the way … Continue reading “RetailNext Garners $125,000,000 New Round”

Phantom Cyber Receives $2,700,000 Seed Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7006651c-3298-4085-9d48-d104d4efe8fa Date 4/15/2015 Company Name Phantom Cyber Mailing Address 2995 Woodside Road Woodside, CA 94062 USA Company Description Security threats arrive with unprecedented diversity, volume and velocity. Ever-increasing complexity due to products and platforms to manage. A crippling drought of expert personnel. Website http://www.phantom.us Transaction Type Venture Equity Transaction Amount $2,700,000 Transaction … Continue reading “Phantom Cyber Receives $2,700,000 Seed Funding”

TreSensa Secures $1,999,985 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b44193b1-1cc7-45f3-9213-7c2d64eb87bf Date 4/15/2015 Company Name TreSensa Mailing Address 443 Park Ave South New York, NY 10016 USA Company Description TreSensa is a NYC-based game development/ distribution company that optimizes games for the mobile web. Website http://www.tresensa.com Transaction Type Venture Equity Transaction Amount $1,999,985 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not … Continue reading “TreSensa Secures $1,999,985 New Funding Round”

Oligomerix Obtains $400,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9f266daf-8f86-4664-82ae-e99c14a83962 Date 4/15/2015 Company Name Oligomerix Mailing Address 3960 Broadway New York, NY 10032 USA Company Description OLIGOMERIX Inc., is a biopharmaceutical company focused on developing novel drug discovery targets and therapeutics for Alzheimer’s disease and other neurodegenerative disorders. Founded in 2006, OLIGOMERIX has filed patents on tau protein oligomers (soluble aggregates) … Continue reading “Oligomerix Obtains $400,000 New Funding Round”

NSS Labs Garners $10,000,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=02eeedfb-37c4-42a3-b029-921a07f5a8c8 Date 4/15/2015 Company Name NSS Labs Mailing Address 206 Wild Basin Road Building A Austin, TX 78746 USA Company Description NSS Labs, Inc. is the world’s leading information security research and advisory company, with unparalleled expertise in the complex aspects of information security across a wide range of technologies. CEOs, CIOs, … Continue reading “NSS Labs Garners $10,000,000 New Financing Round”

Sprig Lands $45,000,000 Series B Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=377aa923-e2ac-4dda-8451-3b05b4011c2b Date 4/15/2015 Company Name Sprig Mailing Address 645 Harrison St. San Francisco, CA 94107 USA Company Description Our locally-sourced seasonal meals are crafted with care by former Google executive chef Nate Keller. We offer a daily rotating menu featuring quality ingredients that you can feel great about. Website http://www.eatsprig.com Transaction Type … Continue reading “Sprig Lands $45,000,000 Series B Financing Round”

WPP Acquires Medialets for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=76e30585-12b4-4f75-9276-598ce3d18c38 Date 4/15/2015 Company Name Medialets Mailing Address 80 8th Avenue 5th Floor New York, NY 10014 USA Company Description Medialets is a New York City-based rich media advertising and analytics platform for native applications on devices such as iPhone and Android. Medialets works with agencies and brands to define and deploy … Continue reading “WPP Acquires Medialets for Undisclosed Sum”

Join Us May 6 at the Hutch to Discuss Seattle Biotech’s Wild Ride

Fresh off Xconomy’s most successful biotech forum ever last week in Boston, we’re getting ready to meet that challenge on May 6 in Seattle for Seattle Biotech Seizes the Momentum, a half-day of discussion, debate, and interviews with the local community’s top biotech and life science leaders. There’s so much to talk about. You can … Continue reading “Join Us May 6 at the Hutch to Discuss Seattle Biotech’s Wild Ride”

Massachusetts Healthcare, Internet Companies Lead Pack in VC Chase

The Massachusetts tech and life sciences community might have reason to boast, following a second-straight quarter during which companies in the state raised more than $1.3 billion from venture investors. The amount was good enough to make the Commonwealth the second-highest ranking state, beating out New York for that honor. Companies in the Bay State … Continue reading “Massachusetts Healthcare, Internet Companies Lead Pack in VC Chase”

Wisconsin Roundup: Arrowhead, Cellular Dynamics, Madworks, & More

Here are a few of the latest headlines from Wisconsin’s technology and innovation community: —Arrowhead Research (NASDAQ: [[ticker:ARWR]]) said it received FDA approval to begin a Phase 2b study of its experimental RNA interference (RNAi) drug for treating hepatitis B. In January, the FDA put a partial hold on the trial, partly because it wanted … Continue reading “Wisconsin Roundup: Arrowhead, Cellular Dynamics, Madworks, & More”

Startups From Asia, Germany, and Texas, Kick Off Rice Student Contest

Rice University kicks off its prestigious business plan competition this week with 42 student companies from universities all over the United States and as far as Hong Kong, Germany, and Bangkok. The Rice Business Plan Competition, now in its 15th year, begins Thursday evening with a catered barbecue dinner—this is Texas, folks—followed by two intensive … Continue reading “Startups From Asia, Germany, and Texas, Kick Off Rice Student Contest”

Localytics Acquires Splitforce to Personalize Mobile Marketing

Localytics continues its roll. The Boston-based mobile marketing and analytics company announced today it has snapped up Splitforce, a New York startup that Localytics CEO Raj Aggarwal said will help the company advance its vision of bringing a more sophisticated form of marketing to apps. Localytics did not say what it paid for Splitforce. The … Continue reading “Localytics Acquires Splitforce to Personalize Mobile Marketing”

Arcadia Health Gets $13M Shot to Boost Healthcare Data and Analytics

Private equity has already helped Arcadia Health Systems use technology to reinvent itself. Now a PE firm is writing the Burlington, MA, business a check to continue the transformation. The data provider and healthcare consultant has gotten a $13 million investment from healthcare private equity firm Peloton Equity, existing investors, and Zaffre Investments, which is … Continue reading “Arcadia Health Gets $13M Shot to Boost Healthcare Data and Analytics”

HAP Innovations Tackles Missed Meds with Automated Dispenser

Most people who take prescription medication relate to the experience of occasionally missing a pill. For those who juggle multiple prescriptions, forgotten doses can become a regular occurrence. Durham, NC, company HAP Innovations believes it can resolve those problems with a device that tracks all of a patient’s pills and dispenses them precisely when they … Continue reading “HAP Innovations Tackles Missed Meds with Automated Dispenser”

Pop That Bubble: 5 Reasons Biotech Needs A Different Metaphor

Back in April 2011, at a biotech conference in San Francisco, a panel convened to discuss how hard it was to build biotech companies that could push through long, costly clinical trials before a drug comes to market. One panelist hedged to say, well, at least the financial reticence had a silver lining: there was … Continue reading “Pop That Bubble: 5 Reasons Biotech Needs A Different Metaphor”

VC Funding Slows as Big Funds Crowd into Late-Stage Venture Deals

Following a December surge, when U.S. venture firms invested $7.2 billion in 342 deals nationwide, VC activity reset at a lower pace during the first quarter of 2015, according to data being released today by CB Insights. The New York venture capital tracker says VCs invested $11.3 billion in 805 startups over the three months … Continue reading “VC Funding Slows as Big Funds Crowd into Late-Stage Venture Deals”

Bedrock Data Lands $3,100,000 Series A Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bb887408-3f5b-4f87-9acb-4b0c9f1de217 Date 4/14/2015 Company Name Bedrock Data Mailing Address 186 South St. Boston, MA 02111 USA Company Description Bedrock Data makes the hard problem of bidirectional data integration simple and affordable. We integrate the most popular CRM, ERP, Marketing, Finance and Support systems. Give it a try for free. Website http://www.bedrockdata.com Transaction … Continue reading “Bedrock Data Lands $3,100,000 Series A Financing”

Neofocal Garners $3,000,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f7284ac8-364f-4dbb-9949-01382e45884d Date 4/14/2015 Company Name Neofocal Mailing Address 10170 SW Nimbus Ave. Portland, OR 97223 USA Company Description Neofocal Systems is a privately held fabless semiconductor company producing chipsets for fine granularity LED lighting control. Website http://www.neofocal.com Transaction Type Venture Equity Transaction Amount $3,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were … Continue reading “Neofocal Garners $3,000,000 New Financing Round”

Crowd Supply Secures $585,000 Seed Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=12ba04f1-296f-4bc1-b500-4e67d56f0475 Date 4/14/2015 Company Name Crowd Supply Mailing Address 425 SE 11th Ave. Portland, OR 97214 USA Company Description We started Crowd Supply based on a single guiding principle: to be the product development platform we’d want to use for our own projects. As engineers and designers, we know the challenges of … Continue reading “Crowd Supply Secures $585,000 Seed Round”