UpMo Garners $1,700,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d345d610-471c-413c-b534-6fb2322d4c32&Preview=1 Date 8/19/2011 Company Name UpMo Mailing Address 452 South First Street San Jose, CA 95113 Company Description We launched UpMo in 2008 to tackle an issue that remains top-of-mind today: how to give people career control through a Web 2.0 consumer application. We started by offering “the science behind career success,” … Continue reading “UpMo Garners $1,700,000 New Financing”

TouchTunes Interactive Networks Secures $45,000,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4a9e076c-eabf-4df2-bc84-0ac7d4e32afd&Preview=1 Date 8/19/2011 Company Name TouchTunes Interactive Networks Mailing Address 850 Third Ave New York, NY 10022 Company Description TouchTunes Interactive Networks is the largest interactive out-of-home entertainment network in North America. Website http://www.touchtunes.com Transaction Type Venture Equity Transaction Amount $45,000,000 Transaction Round Undisclosed Proceeds Purposes The total investment will support TouchTunes’ … Continue reading “TouchTunes Interactive Networks Secures $45,000,000 New Funding”

Quanterix Receives $5,999,998 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=53310f22-a31d-42c8-9f84-61db2753408e&Preview=1 Date 8/19/2011 Company Name Quanterix Mailing Address One Kendall Square Building 1400 Cambridge, MA 02139 Company Description At Quanterix, our principal focus is to improve human health by providing physicians, drug developers, and researchers with the ability to detect and analyze important biomolecules within complex biological samples at the level of … Continue reading “Quanterix Receives $5,999,998 New Round”

Nyx Devices Lands $500,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=31435258-5410-4f6c-be93-6ab42006a844&Preview=1 Date 8/19/2011 Company Name Nyx Devices Mailing Address 319 A Street Boston, MA 02210 Company Description Nyx Devices is proud to introduce the Somnus Sleep Shirt, a revolutionary way of looking at sleep diagnostics. Using patent-pending technology developed at the Massachusetts Institute of Technology, our form-fitting shirt will provide a level … Continue reading “Nyx Devices Lands $500,000 New Funding”

TenMarks Garners $1,095,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=63bd7afc-74c9-473a-8c43-a23a9e7a0af9&Preview=1 Date 8/19/2011 Company Name TenMarks Mailing Address 46 Glen Avenue Newton, MA 02459 Company Description TenMarks is on a mission to build a stronger foundation and a stronger future for all children. TenMarks was founded by entrepreneurial parents searching for a better way to help students achieve their potential in math, … Continue reading “TenMarks Garners $1,095,000 New Funding Round”

Janus Biotherapeutics Obtains $1,100,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a48a70ed-ecb8-4a2d-8874-fba7c3739e7a&Preview=1 Date 8/19/2011 Company Name Janus Biotherapeutics Mailing Address 888 Worcester Street Wellesley, MA 02482 Company Description Janus Biotherapeutics Inc is a project-oriented, biopharmaceutical company focused on progressing a series of small molecule leads for the treatment of autoimmune diseases. Website Undisclosed Transaction Type Venture Equity Transaction Amount $1,100,000 Transaction Round Undisclosed … Continue reading “Janus Biotherapeutics Obtains $1,100,000 New Funding Round”

iScience Interventional Garners $3,000,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4aea7cf7-b55a-46a2-8181-70c46963f760&Preview=1 Date 8/19/2011 Company Name iScience Interventional Mailing Address 4055 Campbell Avenue Menlo Park, CA 94025 Company Description iScience Interventional discovers and develops microcatheter and imaging technologies that enable ophthalmologists to deliver site-specific ocular therapies. Website http://www.iscienceinterventional.com Transaction Type Venture Equity Transaction Amount $3,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were … Continue reading “iScience Interventional Garners $3,000,000 New Financing Round”

VisiQuate Receives $397,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8116a092-799f-4902-b3a6-fb368013ca68&Preview=1 Date 8/19/2011 Company Name VisiQuate Mailing Address 418 Aviation Blvd Santa Rosa, CA 95403 Company Description Since our founding, we have set out to create a company culture that advances fresh thinking, the free exchange of ideas, and an unrelenting resolve to make our clients more successful. Our passionate cause is … Continue reading “VisiQuate Receives $397,000 New Funding Round”

Memes Obtains New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=369f53f7-6733-4b71-8ac7-2a062aa6226e&Preview=1 Date 8/19/2011 Company Name Memes Mailing Address Undisclosed San Francisco, CA 94102 Company Description Memes is an online social network of networks. It hosts links to all the social networks on the Internet. Founded in 2009, it is a privately held company with offices in San Francisco. Website http://www.memes.com Transaction Type … Continue reading “Memes Obtains New Financing”

HubSpot Absorbs Oneforty in Latest Boston Area Social Marketing Acquisition

Leave it to two of the most talked-about social media and marketing companies in town to orchestrate this bit of news to maximum effect. HubSpot is announcing this afternoon that it has acquired Oneforty, in a press release that is written in easy-to-tweet form. What is not easy to gauge is the size of the … Continue reading “HubSpot Absorbs Oneforty in Latest Boston Area Social Marketing Acquisition”

SecondMarket Attempts to Sell Startups on the Value of Letting Employees Trade Their Stock

Startups usually relish disruption. For a Silicon Valley entrepreneur, there’s no brighter badge of honor than being able to say that your company reinvented a product category, sweeping away older competitors’ business models in the process. But these days, many of the disruptors are being disrupted, as the traditional system of incentive-based stock options for … Continue reading “SecondMarket Attempts to Sell Startups on the Value of Letting Employees Trade Their Stock”

Qualcomm, Apple, & Nokia Reportedly Still Considering InterDigital Buyout

Qualcomm (NASDAQ: [[ticker:QCOM]]), Apple, (NASDAQ: [[ticker:APPL]]) and Nokia (NYSE: [[ticker:NOK]]) are deciding if buying wireless technologies specialist InterDigital (NASDAQ: [[ticker:IDCC]]) makes sense, according to a report in Reuters. InterDigital, based in King of Prussia, PA, generates most of its revenue from its portfolio of nearly 9,000 wireless technology patents. The company, which opened a new … Continue reading “Qualcomm, Apple, & Nokia Reportedly Still Considering InterDigital Buyout”

Genomatica Signs Up for Italian Job

San Diego’s Genomatica, the industrial biotechnology startup, says it has agreed to establish a joint venture with Novamont, the Italian bio-plastic producer, to develop the first industrial plant in Europe to produce butanediol (BDO) from renewable feedstocks. Novamont plans to use the estimated 40 million pounds per year output to meet the increasing demand for … Continue reading “Genomatica Signs Up for Italian Job”

Funding for Diagnostics, Crowdsourced Problem Solving, & Medicine Counterfeiting Prevention

We spotted a few investments in New England startups working on a mix of technology in life sciences and collaboration. Take a look. —Cambridge, MA-based Daktari Diagnostics, a maker of an HIV diagnostics system for use in developing countries, took in $1.17 million of a targeted $1.25 million debt round of funding, according to an … Continue reading “Funding for Diagnostics, Crowdsourced Problem Solving, & Medicine Counterfeiting Prevention”

Consortium Find New HIV Antibodies, Zogenix Gets Drug to Clinical End Point, TrovaGene Reclaims Technology, & More San Diego Life Sciences News

Our roundup of San Diego’s life sciences news is short and sweet this morning. Could these be the dog days of summer? —Scientists from Seattle’s Theraclone Sciences, San Diego’s Scripps Research Institute, South San Francisco’s Monogram Biosciences, and the New York-based International Aids Vaccine Initiative (IAVI) have identified 17 new human antibodies that target a … Continue reading “Consortium Find New HIV Antibodies, Zogenix Gets Drug to Clinical End Point, TrovaGene Reclaims Technology, & More San Diego Life Sciences News”

Point Inside’s GPS for Shoppers Grows Revenue, Looks for More Investment

Josh Marti’s wife is one organized lady. When she sends him a text message with the night’s grocery shopping, it’s arranged like a roadmap to the whole store, with items listed in the order they’re found in the aisles for maximum turn-by-turn efficiency. With four daughters at home, that list is one heck of a … Continue reading “Point Inside’s GPS for Shoppers Grows Revenue, Looks for More Investment”

TouchTunes Rakes in $45M, Plans Expansion

New York’s TouchTunes Interactive Networks raised $45 million according to a press release issued Wednesday. Thirteen-year-old TouchTunes provides digital jukeboxes to restaurants and bars across North America. The new funding comprises a $40 million investment from 3i, for a minority stake in TouchTunes, and a $5 million investment from majority shareholder VantagePoint Capital Partners. TouchTunes … Continue reading “TouchTunes Rakes in $45M, Plans Expansion”

Tutorspree Preps for Back-to-School Market

With summer ending, classrooms will soon fill with students who may need some help tackling tough academic subjects. Searching for tutors can be a haphazard process of scouring classified ads. New York startup Tutorspree offers a more streamlined platform for students to find potential tutors local to them. One-year-old Tutorspree is an online service that … Continue reading “Tutorspree Preps for Back-to-School Market”

Xconomist of the Week: Tony Coles’ Journey from Mass General Doctor to SF Biotech CEO

Tony Coles was about nine years old when he decided to become a doctor. His father, a government accountant and a minister, told him that medicine and law were great professions. The younger Coles, a fan of math and science, opted for medicine. And even when teachers underestimated him, placing Coles in a math class … Continue reading “Xconomist of the Week: Tony Coles’ Journey from Mass General Doctor to SF Biotech CEO”

Entellus Medical Receives $35,000,000 Series E Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=78d84bf5-650a-4bfd-96ec-6ab3deaa9b69&Preview=1 Date 8/18/2011 Company Name Entellus Medical Mailing Address 6705 Wedgewood Ct North Maple Grove, MN 55311 Company Description Entellus is focused on providing unique solutions to the unmet clinical needs of the ENT physician through the development of innovative device technology. Website http://www.entellusmedical.com Transaction Type Venture Equity Transaction Amount $35,000,000 Transaction … Continue reading “Entellus Medical Receives $35,000,000 Series E Funding”

GoodData Secures $15,000,000 Series B Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ff5c67de-ddd9-4c5e-8c8d-97958b3a9b9d&Preview=1 Date 8/18/2011 Company Name GoodData Mailing Address 989 Market Street San Francisco, CA 94103 Company Description GoodData was founded with the mission to provide a platform for collaborative analytics. We believe that sharing and teamwork allows our users to move past isolated reports and arrive at the true meaning of business … Continue reading “GoodData Secures $15,000,000 Series B Funding Round”

BirchBox Secures $10,500,000 Series A Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=af923d45-cfdb-4165-b197-53588dfc9109&Preview=1 Date 8/18/2011 Company Name BirchBox Mailing Address 307 Seventh Ave. New York, NY 10001 Company Description The company provides deluxe samples of the newest products to subscribers. Website http://www.birchbox.com Transaction Type Venture Equity Transaction Amount $10,500,000 Transaction Round Series A Proceeds Purposes The new financing will be used primarily to pursue … Continue reading “BirchBox Secures $10,500,000 Series A Round”

Drchrono Lands $500,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2b5d9957-995f-4fe7-b3e3-b759a83aa6d2&Preview=1 Date 8/18/2011 Company Name Drchrono Mailing Address Undisclosed Mountain View, CA 94040 Company Description Drchrono addresses the complexities and critical needs of today’s healthcare environment by providing a EHR platform with a focus on the iPad. We are creating a multi point solution, through cloud web based Electronic Health Record access, … Continue reading “Drchrono Lands $500,000 New Funding Round”

HubSpot Acquires Oneforty for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5ee83dfd-4e80-4d1a-919d-422a69d26d10&Preview=1 Date 8/18/2011 Company Name Oneforty Mailing Address Undisclosed San Francisco, CA 94105 Company Description A company has created an online clearinghouse of Twitter applications. Website http://www.oneforty.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 parties.

Box.net Garners $18,671,977 Series D Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d59acc52-979f-40ab-b433-d852d310ee3f&Preview=1 Date 8/18/2011 Company Name Box.net Mailing Address 220 Portage Ave. Palo Alto, CA 94306 Company Description Launched officially in March of 2006, Box.net currently provides secure online file storage and sharing functionality to over 500,000 registered users, serving files to millions of people across the world. Box.net’s unique platform allows personal … Continue reading “Box.net Garners $18,671,977 Series D Funding”

Are Free Motorola Phones in Our Future? A VC’s Take on Why Google is Buying Motorola

I was invited to go on Bloomberg West TV on Monday when news broke of Google’s plan to acquire Motorola for $12.5 billion in cash. I hadn’t had much time to digest the news before going on live television and found myself verbalizing my gut instinct: that is, I think Google will at some point … Continue reading “Are Free Motorola Phones in Our Future? A VC’s Take on Why Google is Buying Motorola”

Zogenix Pain Drug Meets Endpoint

San Diego-based Zogenix says its late-stage efficacy study of hydrocodone bitartrate (Zohydro) met the company’s intended goal, with patients reporting improved chronic pain relief compared to a placebo. The study also demonstrated that the drug candidate was safe and well-tolerated. If federal drug regulators approve the drug for the U.S. market, Zogenix says it could … Continue reading “Zogenix Pain Drug Meets Endpoint”

Bezos Gives $10M to Museum

Billionaire Amazon.com founder and CEO Jeff Bezos is giving $10 million to establish a “Center for Innovation” at Seattle’s Museum of History and Industry, which is moving into a new headquarters next year near the new Amazon (NASDAQ: [[ticker:AMZN]]) campus in the South Lake Union neighborhood. The new center will focus on the legacy of … Continue reading “Bezos Gives $10M to Museum”

Hydroelectricity Without Turbines or Dams? Vortex Hydro Energy Says It’s All About the VIV

What if you could generate hydroelectric power without turbines, propellers or dams—but by simply harnessing the current from the water the generator is placed in? According to Ann Arbor, MI-based startup Vortex Hydro Energy, thanks to a product developed by University of Michigan professor Michael Bernitsas, you can. Last decade, Bernitsas was attempting to build … Continue reading “Hydroelectricity Without Turbines or Dams? Vortex Hydro Energy Says It’s All About the VIV”

Genentech, Plexxikon Cancer Drug Gets FDA OK

Genentech, the South San Francisco-based unit of Roche, and its Berkeley, CA-based Plexxikon, a unit of Daiichi Sankyo, said today that the FDA has approved their new drug for certain patients with melanoma that has spread through the body. The FDA said the companies can now start selling vemurafenib (Zelboraf) for patients who have mutations … Continue reading “Genentech, Plexxikon Cancer Drug Gets FDA OK”

The Future of Life Sciences in New York: Xconomy to Convene its First Big NYC Event Oct. 13

I had only been at Xconomy a couple of weeks when I realized how hot the topic of biotech’s future in New York truly is. It was April, and I was one of the members of the press at the New York Biotechnology Association’s 20th annual meeting. The first panel I attended had a provocative … Continue reading “The Future of Life Sciences in New York: Xconomy to Convene its First Big NYC Event Oct. 13”

San Diego’s Stock Twits Aims its Social Media Tweets at the Wall Street People Who Matter

After more than 20 years of experience as a Wall Street investor and entrepreneur, Howard Lindzon has become a connoisseur of stock culture. He says his disdain for CNBC was the reason he created WallStrip, an offbeat videoblog mix of finance, markets, and humor, in 2007. Eight months later, CBS acquired WallStrip for an undisclosed … Continue reading “San Diego’s Stock Twits Aims its Social Media Tweets at the Wall Street People Who Matter”

O’Reilly Strata New York

This weeklong collection of conferences is geared towards helping entrepreneurs manage the deluge of data that’s transforming traditional business practices. Attendees will learn the latest on the skills, tools, and technologies they need to make data work. Register for individual events or for a super pass to the entire week of conferences here.

Scientists Spot New Antibodies Against HIV, Opening Up Potential Path to AIDS Vaccine

Scientists have never been able to make an effective AIDS vaccine, largely because the HIV virus is crafty, always finding ways to mutate and escape the body’s immune defenses. But now a national team of scientists has found antibodies that zero in on newly identified weak spots in the virus, potentially opening up promising new … Continue reading “Scientists Spot New Antibodies Against HIV, Opening Up Potential Path to AIDS Vaccine”

BuyWithMe CEO Jim Crowley Talks Strategy in Mobile, Payments, and Loyalty 2.0

There may be no such thing as loyalty anymore. But there is something called Loyalty 2.0—this is a new wave of companies helping stores and restaurants offer things like digital coupons, deals, and rewards to repeat customers. And a lot of Boston and New York startups are getting in on the trend. One of them … Continue reading “BuyWithMe CEO Jim Crowley Talks Strategy in Mobile, Payments, and Loyalty 2.0”

Cinchcast Lands $6M in Series B Round

New York’s Cinchcast, formerly known as BlogTalkRadio, said in a press release Wednesday it raised $6 million in a series B funding round led by Guggenheim Partners. Cinchcast provides services to record, publish, and share audio content over the Internet using telephones and web browsers. The company said the new funding will go toward expansion … Continue reading “Cinchcast Lands $6M in Series B Round”

Delcath Takes FDA Hassle in Stride, Prepares to Sell New Chemo Device Overseas

On July 20, Delcath Systems (NASDAQ: [[ticker:DCTH]]) raised $23.5 million in a secondary offering, pricing its stock at $5.05—a significant discount to the $11 price tag the medical device company’s shares had sported six months earlier. But in a meeting with Xconomy at Delcath’s midtown Manhattan headquarters a few weeks later, Delcath CEO Eamonn Hobbs … Continue reading “Delcath Takes FDA Hassle in Stride, Prepares to Sell New Chemo Device Overseas”

Tech Startup Investing, Following the Seasonal Pattern, Falls to $250M in July

Startups in the Bay State have taken a bit of a break from the feverish pace they were inking deals at earlier this summer. Last month, 34 startups pulled in $250.5 million in equity-based deals, down from the whopping $564.7 million they raised across 38 financings in June, according to data from Funding Flash, a … Continue reading “Tech Startup Investing, Following the Seasonal Pattern, Falls to $250M in July”

Finding Trends: Cleantech IPOs Skew Toward Biofuels, Materials, Energy Efficiency

Even before global markets reacted to the U.S. credit downgrade, IPOs for cleantech companies have been relatively few and far between. Still, the IPO data for the first half of 2011 reveals the kinds of alternative energy and green technology companies are going public—a good indication of which sectors are more likely to attract more … Continue reading “Finding Trends: Cleantech IPOs Skew Toward Biofuels, Materials, Energy Efficiency”

Accelerate Michigan Innovation Competition

Mid-to-late-stage busi­ness start-ups with poten­tial to gen­er­ate an imme­di­ate impact on Michigan’s econ­omy, as well as stu­dent con­cepts with longer-term busi­ness viability, will compete for more than $1 mil­lion in cash win­nings, plus in-kind awards of ser­vices, staffing and soft­ware, in what Accelerate Michigan calls “the world’s largest busi­ness plan competition.” Complete event details are … Continue reading “Accelerate Michigan Innovation Competition”

Carbonite Goes Public At $10 a Share, PeerTransfer Pulls In $7.5M, BuyWithMe Picks Up Scoop St., & More Boston-Area Deals News

This week’s New England deals list includes a mix of life sciences and IT companies. —Lexington, MA-based T2 Biosystems, a developer of a system for identifying biological substances such as proteins, small molecules, viruses, and DNA more cheaply and quickly than existing methods, took in $23 million in Series D financing. New T2 investor Aisling … Continue reading “Carbonite Goes Public At $10 a Share, PeerTransfer Pulls In $7.5M, BuyWithMe Picks Up Scoop St., & More Boston-Area Deals News”

ClariPhy Communications Lands $4,500,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=82452c22-9651-47f6-8775-741b98485b9e&Preview=1 Date 8/17/2011 Company Name ClariPhy Communications Mailing Address 7585 Irvine Center Drive Irvine, CA 92618 Company Description ClariPhy Communications, Inc. is a fabless semiconductor company that designs and markets complex physical-layer products (ICs) for high-speed communications. ClariPhy’s initial products, which target 10-Gbit/s optical networks in the enterprise market, significantly lower the … Continue reading “ClariPhy Communications Lands $4,500,000 New Funding”

SironRX Therapeutics Secures $3,400,000 Series A Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=32dcc940-4014-4a84-924e-f41614e1bfef&Preview=1 Date 8/17/2011 Company Name SironRX Therapeutics Mailing Address 10000 Cedar Avenue Cleveland, OH 44106 Company Description SironRX is developing novel therapies exclusively licensed from Juventas Therapeutics and Cleveland Clinic that promote wound repair and prevent scarring of dermal wounds. Website http://www.sironrx.com Transaction Type Venture Equity Transaction Amount $3,400,000 Transaction Round Series … Continue reading “SironRX Therapeutics Secures $3,400,000 Series A Funding”

Mission Motor Secures $9,000,000 Series B Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a36b44d9-893e-466d-adeb-0343fd98c494&Preview=1 Date 8/17/2011 Company Name Mission Motor Mailing Address 1177 Harrison St. San Francisco, CA 94103 Company Description Mission Motors was born with the singular vision to create the world’s highest performance electric motorcycles. The company has since grown into a leading innovator of electric drive systems. Website http://www.ridemission.com Transaction Type Venture … Continue reading “Mission Motor Secures $9,000,000 Series B Financing Round”