Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f93cf78b-da81-48bc-863c-6ae6ff4e04c2&Preview=1 Date 7/25/2011 Company Name Quid Mailing Address 733 Front Street San Francisco, CA 94111 Company Description Quid software is used by decision-makers running companies, NGOs, banks, and funds. It captures data, structures it, and enables people to visualize and interact with the information, to understand the global technology landscape. Website http://www.quid.com … Continue reading “Quid Lands $10,000,000 Series C Funding”
WordNik Lands $8,000,000 Series C Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b3ebcb0f-e7d1-405c-a2d0-6ed0cf534ce4&Preview=1 Date 7/25/2011 Company Name WordNik Mailing Address 195 E 4th St, 2nd Floor San Mateo, CA 94401 Company Description WordNik is an Illinois-based Internet startup. Website http://www.wordnik.com Transaction Type Venture Equity Transaction Amount $8,000,000 Transaction Round Series C Proceeds Purposes The new investment is earmarked to fund strategic growth as Wordnik … Continue reading “WordNik Lands $8,000,000 Series C Funding”
DuPont Acquires InnovaLight for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b8c9e864-8cb8-42dc-86db-9653a360d5a9&Preview=1 Date 7/25/2011 Company Name InnovaLight Mailing Address 965 East Arques Avenue Sunnyvale, CA 94085 Company Description Innovalight is developing a disruptive alternative to currently available light-activated power generating products that rely on expensive, rigid, and often toxic materials. Website http://www.innovalight.com Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes M&A … Continue reading “DuPont Acquires InnovaLight for Undisclosed Sum”
Sean Cross Discusses Deals and Froth at New York Venture Summit
Thursday’s New York Venture Summit, hosted by Staten Island’s youngStartup Ventures, brought venture capitalists and other investors together in New York’s financial district to hear pitches from startups out to impress them. The seventy-five companies that were there presented ideas in technology, life sciences, and clean technology at a time one investment banker described as … Continue reading “Sean Cross Discusses Deals and Froth at New York Venture Summit”
The CliffsNotes Version of True University—The 2-Day Startup School from True Ventures
After I wrote a long article profiling the unusual culture at True Ventures, the San Francisco-based early stage investing fund known for its investments in startups like Automattic, GigaOm, and KissMetrics, the firm invited me to attend True University, a two-day conference on startup-building tactics at the University of California at Berkeley. (Well, the truth … Continue reading “The CliffsNotes Version of True University—The 2-Day Startup School from True Ventures”
Q2 Funding in NYC: “Shopping Facilitators” and Foursquare Rule
Foursquare’s recent $50 million funding round may have grabbed headlines nationwide, but a close look at second-quarter venture rounds reveals another trend: Investors can’t get enough of fashion sites. Gilt Groupe, a website that features limited-time “flash” sales of clothing, travel, and other high-end items, pulled in a remarkable $136 million. Ideeli and Rent the … Continue reading “Q2 Funding in NYC: “Shopping Facilitators” and Foursquare Rule”
Dow Jones Shows Slight Decline in Venture Deals, Dollars, Since Last Year
More or less correlating the results of two previous venture capital surveys, Dow Jones VentureSource says today that venture investors throughout the United States put $8 billion into 776 deals during the second quarter that ended June 30. In terms of absolute numbers, that’s fairly close to venture data we reported Wednesday from the MoneyTree … Continue reading “Dow Jones Shows Slight Decline in Venture Deals, Dollars, Since Last Year”
Biogen Confirms Cambridge Move, Amag Merges With Allos, ACT Kicks Off Trials, & More Boston-Area Life Sciences News
New England drug developers made headlines this week by kicking off drug trials, relocating offices, and merging. —Xconomy national biotech editor Luke Timmerman profiled Cambridge, MA-based Ensemble Therapeutics, which is working to synthesize a class of mid-sized molecules known as macrocycles that are supposed to combine the best properties of both small-molecule and large-molecule drugs. … Continue reading “Biogen Confirms Cambridge Move, Amag Merges With Allos, ACT Kicks Off Trials, & More Boston-Area Life Sciences News”
nLight Lands $4,536,546 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=76120863-a931-4448-a0ef-7e68ab63a2aa&Preview=1 Date 7/22/2011 Company Name nLight Mailing Address 5408 NE 88th Street Building E Vancouver, WA 98665 Company Description nLight develops and manufactures industry leading high-power semiconductor diode laser components and subsystems. nLight’s products feature unparalleled power, brightness, and reliability and enable a broad range of laser-based products in the industrial, medical, … Continue reading “nLight Lands $4,536,546 New Financing”
Elevance Renewable Sciences Lands $50,000,000 Series D Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d0f84ec2-9cd7-40b4-bf73-977ed2a5ff05&Preview=1 Date 7/22/2011 Company Name Elevance Renewable Sciences Mailing Address 175 E. Crossroads Parkway Bolingbrook, IL 60440 Company Description Elevance Renewable Sciences, Inc. creates a wide range of specialty chemicals from natural oils. Using a Nobel Prize winning technology called olefin metathesis; the company creates high performance waxes, functional oils, anti-microbials, lubricants, … Continue reading “Elevance Renewable Sciences Lands $50,000,000 Series D Round”
Biomimedica Secures $2,222,222 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ac7f3fb2-24f7-4412-9665-b0ce236fa5fe&Preview=1 Date 7/22/2011 Company Name Biomimedica Mailing Address 2600 Cortez Drive Santa Clara, CA 95051 Company Description The company is developing a synthetic cartilage called Cartigel for joint repair. Website http://www.biomimedica.com Transaction Type Debt, Venture Equity Transaction Amount $2,222,222 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. Amount may include … Continue reading “Biomimedica Secures $2,222,222 New Financing Round”
Anterios Receives $3,035,007 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=44832210-35f6-4217-a159-21b4999f3dac&Preview=1 Date 7/22/2011 Company Name Anterios Mailing Address 41 West 57th Street 6th Floor New York, NY 10019 Company Description Anterios Inc. uses nanotechnology to provide a delivery system to administer drugs and cosmetics. Anterios Inc. was formerly known as Encapsion Inc. The company was incorporated in 2006 and is based in … Continue reading “Anterios Receives $3,035,007 New Financing Round”
Diversion Secures New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4281097a-f6ce-4e38-a3a6-35929f661100&Preview=1 Date 7/22/2011 Company Name Diversion Mailing Address 10940 Wilshire Blvd Los Angeles, CA 90024 Company Description Diversion was formed in early 2010 with a clear goal to provide the necessary fusion between the entertainment industry and the current social gaming renaissance. Website http://www.diversion.la Transaction Type Venture Equity Transaction Amount Undisclosed Transaction … Continue reading “Diversion Secures New Round”
Rentcycle Lands $300,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6d5be6e2-a1ef-4361-8394-28a31024306a&Preview=1 Date 7/22/2011 Company Name Rentcycle Mailing Address 1635 California Street San Francisco, CA 94109 Company Description There’s a movement underway. A movement where access trumps possession. Where experiences are preferred to objects. This movement is built upon sharing and reuse. And it’s changing the way we consume. Website http://www.rentcycle.com Transaction Type … Continue reading “Rentcycle Lands $300,000 New Financing Round”
Mosaic Biosciences Secures $1,030,462 Series A Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7c596ca0-738a-4971-90ff-fa98c27f4d63&Preview=1 Date 7/22/2011 Company Name Mosaic Biosciences Mailing Address 12635 E. Montview Blvd Aurora, CO 80045 Company Description Mosaic Biosciences is advancing a fundamentally new class of synthetic materials to support native tissue regeneration. With its proprietary platform technology, Mosaic expects to significantly impact the field of tissue regeneration, including applications in … Continue reading “Mosaic Biosciences Secures $1,030,462 Series A Funding”
Bristol-Myers Acquires Amira Pharmaceuticals for $325 Million, Scoops Up Lung Drug
The people in San Diego who discovered a multi-billion dollar asthma drug for Merck have captured the attention of Big Pharma once again. Amira Pharmaceuticals, a privately held company in San Diego, has agreed to be acquired by New York-based Bristol-Myers Squibb (NYSE: [[ticker:BMY]]) for $325 million in cash upfront, plus additional milestone payments of … Continue reading “Bristol-Myers Acquires Amira Pharmaceuticals for $325 Million, Scoops Up Lung Drug”
Oracle Acquires Ksplice
Redwood Shores, CA-based database giant Oracle (NASDAQ: [[ticker:ORCL]]) said today that it has bought Cambridge, MA-based Ksplice, a maker of technology for updating Linux. The acquisition is designed to strengthen Linux by enabling users to apply security updates, diagnostics patches, and critical bug fixes without rebooting the product, according to Oracle. Ksplice has been a … Continue reading “Oracle Acquires Ksplice”
Athenahealth to Buy Proxsys for Up to $36M to Improve Hospital Efficiency, Patient Care
For a public company, Athenahealth has kept a fairly low profile. But that’s been changing over the past year—and the trend continues today. The Watertown, MA-based health IT company (NASDAQ: [[ticker:ATHN]]) says it is acquiring Proxsys, a care coordination and admitting services firm based in Alabama. The price is $28 million in cash upfront plus … Continue reading “Athenahealth to Buy Proxsys for Up to $36M to Improve Hospital Efficiency, Patient Care”
Gazelle Runs Down $22M More for Electronics Recycling Service
Second Rotation, the Boston company that runs the electronics recycling site Gazelle.com, has been fairly quiet for the past year. No more. The startup said today it has raised a $22 million Series D financing round led by Craton Equity Partners. Existing investors Physic Ventures, Venrock Associates, and RockPort Capital also participated in the round. … Continue reading “Gazelle Runs Down $22M More for Electronics Recycling Service”
Magic Johnson Joins and Funds Detroit Venture Partners
Detroit Venture Partners, less than a year old, is adding a big name (and investor) to its roster. It announced today that NBA hall of famer and Michigan native Earvin “Magic” Johnson has joined the Motown venture firm as a general partner and will be investing millions in the fund. “Earvin brings so much to the … Continue reading “Magic Johnson Joins and Funds Detroit Venture Partners”
Flux Drive Lands $1.5M
Cleantech startup Flux Drive has raised $1.5 million to develop its energy-saving magnetic drives for electric motors. The company, based in Sumner, WA, says it can cut the daily energy consumption of pump and blower motors by up to 75 percent. Flux Drive’s product attaches to electric motors, like the ones that power big ventilation systems, … Continue reading “Flux Drive Lands $1.5M”
Biotech is Biggest Winner in Second-Quarter VC Funding, Zogenix Strategy Unfolds, Intellikine Builds Clinical Trial Capabilities, & More San Diego Life Sciences News
There’s been a deluge of venture capital news over the past week, and a flash flood of VC cash during the second quarter went mostly to San Diego’s life sciences sector. Our briefing begins now. —San Diego venture firms invested a total of $198.2 million in 29 local startups during the second quarter that ended … Continue reading “Biotech is Biggest Winner in Second-Quarter VC Funding, Zogenix Strategy Unfolds, Intellikine Builds Clinical Trial Capabilities, & More San Diego Life Sciences News”
Violin Memory Hints at IPO Plans, Makes A Come-From-Behind Bid to Replace Disks with Flash in Enterprise Storage
It’s not your everyday startup CEO who shows up at Xconomy San Francisco’s office in cowboy boots, claims that he’s going to take over a $23 billion industry, and then hints that an IPO is in the offing. But that’s exactly what Donald Basile, CEO of Mountain View, CA-based Violin Memory, did this Tuesday. The … Continue reading “Violin Memory Hints at IPO Plans, Makes A Come-From-Behind Bid to Replace Disks with Flash in Enterprise Storage”
“Going Directly At The Beast”—WePay Takes on PayPal with New Tools for Online Merchants
WePay emerged from the Y Combinator venture incubator in late 2009 with a plan to make it simpler for people to round up money online from groups of other people; think of a carpool driver collecting gas money from his riders, for example. Well, you can still use it for that. But as it turned … Continue reading ““Going Directly At The Beast”—WePay Takes on PayPal with New Tools for Online Merchants”
Where Does Textaurant Fit Into the Future of Restaurant Tech? Founder Josh Bob Speaks
Maybe it’s because I’m hungry, but I’ve been thinking about the future of restaurants lately. Like a lot of people, I eat out far too often, and I have strong feelings about the way the experience should go—the food, the service, the ambience, and so on. So does Josh Bob. OK, it’s his job (though … Continue reading “Where Does Textaurant Fit Into the Future of Restaurant Tech? Founder Josh Bob Speaks”
San Diego Chalks Up $198M in Venture Capital, But Where Have All the Software Deals Gone?
[Corrected 7/21/11, 2:45 am. See below.] The single largest technology sector in San Diego today is software. According to the Connect First Quarter 2011 Innovation Report, San Diego’s software industry accounted for 35 percent of the region’s 5,900 private technology companies, while the combined number of private biotech and medical device companies accounted for just … Continue reading “San Diego Chalks Up $198M in Venture Capital, But Where Have All the Software Deals Gone?”
NYC’s Coronado Biosciences Plans Two Drug Trials, Wall Street Debut, and Boston Move
It’s not too often that a biotech company marches into the FDA and asks permission to run human tests of a remedy derived from parasitic worms. But the agency will likely be entertaining just such a request sometime in the next couple of months, when Coronado Biosciences files an Investigational New Drug (IND) application for … Continue reading “NYC’s Coronado Biosciences Plans Two Drug Trials, Wall Street Debut, and Boston Move”
SeaGen Passes FDA Panel, Ken Stuart’s Journey to Seattle Biomed, the Latest M&A Obsession, & More Seattle-Area Life Sciences News
This was the week Seattle Genetics passed an important milestone on its way to bringing its first product to the U.S. market. —Seattle Genetics (NASDAQ: [[ticker:SGEN]]) won unanimous endorsement from an FDA advisory panel for its new drug for rare lymphomas, brentuximab vedotin (Adcetris). The FDA’s committee of cancer drug experts voted 10-0 in favor … Continue reading “SeaGen Passes FDA Panel, Ken Stuart’s Journey to Seattle Biomed, the Latest M&A Obsession, & More Seattle-Area Life Sciences News”
VC Investments in Boston Companies Soar to 1999 Levels ($1B+); Here Are the Top 10 Deals from the 2nd Quarter
Boston-area venture investing is starting to look a lot like 1999. That’s my take from crunching the regional numbers in the latest MoneyTree Report, prepared by the National Venture Capital Association, PricewaterhouseCoopers, and Thomson Reuters. The Boston stats are in rough agreement with the national trends reported by my colleague Bruce Bigelow, but they are … Continue reading “VC Investments in Boston Companies Soar to 1999 Levels ($1B+); Here Are the Top 10 Deals from the 2nd Quarter”
Gazelle Lands New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0631c09d-172b-4422-b572-c56b1896a9d8&Preview=1 Date 7/21/2011 Company Name Gazelle Mailing Address 61 North Beacon St. Boston, MA 02134 Company Description Second Rotation is the destination for simplified selling of consumer electronics and gadgets online. The process is easy: Second Rotation determines the value of the item online, arranges pickup and shipping, and pays the seller … Continue reading “Gazelle Lands New Funding Round”
Bag Borrow or Steal Lands $4,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ef3bfa62-2762-44e8-a842-d3e421aa7933&Preview=1 Date 7/21/2011 Company Name Bag Borrow or Steal Mailing Address 1118 Post Avenue Seattle, WA 98101 Company Description The company operates as an online retailer of hand bags and jewelry. Website http://www.bagborroworsteal.com Transaction Type Venture Equity Transaction Amount $4,000,000 Transaction Round Undisclosed Proceeds Purposes The capital will be used to accelerate … Continue reading “Bag Borrow or Steal Lands $4,000,000 New Funding”
ZestCash Receives $19,000,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0ca4de8f-41b8-414f-b335-3091f0de2cad&Preview=1 Date 7/21/2011 Company Name ZestCash Mailing Address 6427 West Sunset Boulevard Los Angeles, CA 90028 Company Description ZestCash offers a fair and transparent alternative for people who need short-term loans but do not have access to traditional credit. We designed ZestCash loans to help people meet their basic life needs without … Continue reading “ZestCash Receives $19,000,000 New Financing Round”
YouMail Lands $2,153,718 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d2a529d4-740e-49b7-94dd-f89d1b8876c0&Preview=1 Date 7/21/2011 Company Name YouMail Mailing Address 2102 Business Center Dr Irvine, CA 92612 Company Description YouMail is a patented, easy, fun and social mobile messaging experience that allows subscribers to create unique outgoing voice greetings for individual inbound callers, based on caller ID. Website http://www.youmail.com Transaction Type Venture Equity Transaction … Continue reading “YouMail Lands $2,153,718 New Financing Round”
Five Apes Garners $2,000,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=88522f76-2dde-403e-968d-86809c85a774&Preview=1 Date 7/21/2011 Company Name Five Apes Mailing Address 410 Sherman Ave. Palo Alto, CA 94306 Company Description The company operates as a vehicle for entrepreneurship and is in stealth mode. Website http://www.5apes.com Transaction Type Venture Equity Transaction Amount $2,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory … Continue reading “Five Apes Garners $2,000,000 New Round”
ViTrue Acquires GamesThatGive for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bad0465b-8cec-490d-97a9-a01421b02ebe&Preview=1 Date 7/21/2011 Company Name GamesThatGive Mailing Address 901 Mission St. San Francisco, CA 94103 Company Description The company operates a website and service that enables businesses to combine gaming and charitable giving to engage their fans. Website http://www.gamesthatgive.net Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes M&A Terms Financial … Continue reading “ViTrue Acquires GamesThatGive for Undisclosed Sum”
Hotlist Lands $624,998 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8b6b9631-ce97-43a8-b4c4-e4dd218ddacd&Preview=1 Date 7/21/2011 Company Name Hotlist Mailing Address 160 Varick Street 12th Floor New York, NY 10013 Company Description The Hotlist is the world’s first geo-social aggregator that shows you what’s going on today, tomorrow and throughout the week among your personal network of friends. A custom hotlist is generated for you … Continue reading “Hotlist Lands $624,998 New Financing”
Flux Drive Receives $1,500,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a7e742d1-4999-419b-a0da-1674ca3cfe55&Preview=1 Date 7/21/2011 Company Name Flux Drive Mailing Address 14209 29th Street East Sumner, WA 98390 Company Description Founded in 2003, Flux Drive has focused its development effort on building an alternative to the electrical variable frequency drive (VFD). Specifically, the founders wanted to solve vibration and reduce the peripheral cost associated … Continue reading “Flux Drive Receives $1,500,000 New Round”
PixelFish Obtains $4,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=232b1ab9-e4d9-4947-9509-be73a9941fc7&Preview=1 Date 7/21/2011 Company Name PixelFish Mailing Address 21250 Hawthorne Blvd. Torrance, CA 90503 Company Description We make producing high-impact, broadcast-quality video easy and affordable. Website http://www.PixelFish.com Transaction Type Venture Equity Transaction Amount $4,000,000 Transaction Round Undisclosed Proceeds Purposes McIntyre said PixelFish will use the new capital to continue to build out … Continue reading “PixelFish Obtains $4,000,000 New Funding Round”
Bristol-Meyers Squibb Acquires Amira Pharmaceuticals for $475,000,000
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b754a444-4991-4362-9dda-10b4ff3f239b&Preview=1 Date 7/21/2011 Company Name Amira Pharmaceuticals Mailing Address 9535 Waples Street San Diego, CA 92121 Company Description Amira Pharmaceuticals is a privately-held biopharmaceutical company, focused on leveraging the deep expertise of a team of scientists in the field of inflammatory diseases. Website http://www.amirapharm.com Transaction Type M&A Transaction Amount $475,000,000 Transaction Round … Continue reading “Bristol-Meyers Squibb Acquires Amira Pharmaceuticals for $475,000,000”
Nearbuy Systems Secures $1,000,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f3736743-cf90-4a35-b83b-0ef2153296f5&Preview=1 Date 7/21/2011 Company Name Nearbuy Systems Mailing Address 3565 Haven Avenue Menlo Park, CA 94025 Company Description Nearbuy provides indoor micro-location solutions that increase revenue, enhance the brand experience, and reduce operating expense at a cost that makes business sense Website http://www.nearbuysystems.com Transaction Type Venture Equity Transaction Amount $1,000,000 Transaction Round … Continue reading “Nearbuy Systems Secures $1,000,000 New Financing Round”
Is Lady Gaga’s Backplane Based in San Diego? Inquiring Minds Want to Know
[Updated 8/24/11, 8:35 pm. See below.] Here’s a tantalizing tidbit for all the Little Monsters and online celebrity gossip mongers: In a breakout of data from the MoneyTree Report on venture capital investments that were made in San Diego during the three months that ended June 30, there is an interesting entry for a $1 … Continue reading “Is Lady Gaga’s Backplane Based in San Diego? Inquiring Minds Want to Know”
Concur Invests $5M in Yapta
Seattle-based Yapta, an online airfare and hotel rate tracking service, has a new partner: Concur (NASDAQ:[[ticker:CNQR]]), the online expense and travel management service for businesses, is making a $5 million strategic investment. The deal includes Concur using Yapta’s price tools for its TripIt Pro service, which helps business travelers manage their itineraries. Concur bought TripIt … Continue reading “Concur Invests $5M in Yapta”
Zillow Stock Climbs 79 Percent in Action-Packed First Day of Trading
Zillow’s stock ended a roller coaster ride of trading on Wednesday, its first day as a public company. The Seattle-based online real estate listing company’s stock traded as low as $32.50 and as high as $60, but ultimately posted a 79 percent gain, finishing the day at $35.77. Zillow (NASDAQ: [[ticker:Z]]), by pricing its shares … Continue reading “Zillow Stock Climbs 79 Percent in Action-Packed First Day of Trading”
Websdays With Internet Week New York
Internet Week New York launches its first monthly event with this networking party. Join New York City’s Internet community for a night of cocktails and casual conversation. Space is limited. Register here.
Amag Makes Good on Acquisition Promise, But Wall Street Balks
Amag Pharmaceuticals CEO Brian Pereira recently told Xconomy he was shopping for acquisitions to round out the Lexington, MA-based company’s pipeline. Today Amag (NASDAQ: [[ticker:AMAG]]) delivered on that vow by announcing it would merge with Allos Therapeutics (NASDAQ: [[ticker:ALTH]]) in an all-stock deal worth $686 million. Allos, based in Westminster, CO, makes pralatrexate injection (Folotyn), … Continue reading “Amag Makes Good on Acquisition Promise, But Wall Street Balks”
Traackr Closes $1M Round
Traackr, a San Francisco startup whose software gives marketing and public relations professionals a way to identify and rank “influencers” on the social Web, said today that it has closed a Series A funding round totaling $1 million. Backers included Launch Capital, Tollman Capital Partners, and individual investors Robbie Vann-Adibé, Qamar Aziz, Christopher Muenchhoff, and … Continue reading “Traackr Closes $1M Round”
BuyWithMe Gets Edhance, LogMeIn Picks Up Pachube, Polaris Backs Two MA Companies, & More Boston-Area Deals News
Acquisitions were big again this week, but we saw a range of financings and transactions across energy, biotech, and IT sectors. —Waltham, MA-based Tecogen, a maker of natural-gas-fueled, engine-driven combined heat and power systems, inked a $500,000 investment from Southern California Gas. —Verastem, a Boston-based oncology startup founded by MIT biologists Robert Weinberg and Eric Lander, … Continue reading “BuyWithMe Gets Edhance, LogMeIn Picks Up Pachube, Polaris Backs Two MA Companies, & More Boston-Area Deals News”
From Domino’s To Compuware, Michigan Sees Its Future In Mobile Technology
Like pineapple and pepperoni, Domino’s Pizza and Apple seem an unlikely pairing. But the Ann Arbor, MI-based company has openly embraced the consumer electronics giant to push sales of pizza, salads, and bread sticks. Last month, Domino’s released an iPhone app that allows consumers to order products over the Internet through their mobile device. Though … Continue reading “From Domino’s To Compuware, Michigan Sees Its Future In Mobile Technology”
Biogen Idec Moving HQ Back to Cambridge, Constructing Two New Buildings at Kendall Square
Biogen Idec (NASDAQ: [[ticker:BIIB]]) has confirmed what the biotech community has been buzzing about for a couple months—it is moving its headquarters back to Cambridge, MA. The company is now planning to build two new buildings in Cambridge to house 530 employees who will move from the current headquarters in Weston, MA, according to a … Continue reading “Biogen Idec Moving HQ Back to Cambridge, Constructing Two New Buildings at Kendall Square”
JOOR Raises $2.25M in First Round
New York’s JOOR, an online fashion wholesale marketplace, raised $2.25 million in a funding round led by Battery Ventures, according to a press release. Other investors in the round include Lerer Ventures, Great Oaks Venture Capital, Landis Capital, and Forerunner Ventures, as well as individual investors William M. Smith and Richard Mishaan. One-year-old JOOR says it … Continue reading “JOOR Raises $2.25M in First Round”