EDF Ventures and the University of Michigan Wolverine Fund could be looking at a nice pay day. The two funds, based in Ann Arbor, MI, are both investors in IntelePeer, which recently filed for an initial public offering that could fetch up to $100 million, according to documents filed with the SEC. IntelePeer, based in … Continue reading “IntelePeer IPO Could Provide Windfall to EDF Ventures and U-M Wolverine Fund”
MITEF Start Smart Program- A 10-week Hands-On Workshop
This 10-week course for entrepreneurs aims to tackle different facets of getting a company off the ground—including developing a product, recruiting staff, managing finances, and raising capital. Register here.
At Metcalfe’s Party for MIT $100K Finalists, a Preview of Startups Presenting at Tonight’s Finale
It was high society meets tech entrepreneurship last night. The setting: Bob Metcalfe’s townhouse in the Back Bay. The occasion: an annual reception and dinner before the finale of the MIT $100K Business Plan Contest, which takes place tonight at Kresge Auditorium. The players: all the finalists and event organizers, plus a few venture capitalists … Continue reading “At Metcalfe’s Party for MIT $100K Finalists, a Preview of Startups Presenting at Tonight’s Finale”
Sapphire Getting Gas from Linde
San Diego algae biofuels developer Sapphire Energy said today it has signed a multi-year agreement with the Linde Group of Munich, Germany, to co-develop a low-cost system for supplying carbon dioxide to commercial-scale, open-pond, algae-to-fuel cultivation systems. Linde, the leading commercial supplier of carbon dioxide in the United States, agreed to deliver carbon dioxide to … Continue reading “Sapphire Getting Gas from Linde”
Proximetry Names Chief Strategist
San Diego-based Proximetry, which I profiled last summer, today named Andres Carvello as executive vice president and chief strategy officer. In its statement today, Proximetry says Carvello was previously the chief information officer at Austin Energy and chief architect of the first fully deployed smart grid in the United States. He will be responsible for … Continue reading “Proximetry Names Chief Strategist”
Nukona, Integer Wireless Offer Wireless Health Security
San Diego-based Nukona, a startup developing security management software for mobile devices, has formed a partnership with Integer Wireless, a Newport Beach, CA, engineering firm that provides HIPAA-compliant wireless networks for hospitals, physician groups, and other healthcare providers. Under a partnership announced this week at the Wireless-Life Sciences Alliance’s annual Convergence Summit in San Diego, … Continue reading “Nukona, Integer Wireless Offer Wireless Health Security”
Smart Grid Startups Unveil Partnership
San Diego’s On-Ramp Wireless says it has formed a partnership with Sacramento, CA-based GridSense that will combine On-Ramp’s low-power wireless networking technology with GridSense’s TransformerIQ technology. In a statement today, the companies say that combining their technologies will enable electric utilities to monitor their distribution networks at a lower cost, improve outage restoration, and improve … Continue reading “Smart Grid Startups Unveil Partnership”
PATH Meningitis Vaccine Gets $100M
The GAVI Alliance, the Geneva, Switzerland-based global health organization, said today it has committed $100 million to support the use of a meningitis vaccine developed by Seattle-based PATH. The vaccine, MenAfriVac, was developed through a $70 million grant from the Bill & Melinda Gates Foundation, and a 10-year development effort. It has been widely used … Continue reading “PATH Meningitis Vaccine Gets $100M”
Do You Really Need an Incubator? Join the Debate at XSITE on June 16
Although nobody seems to like the term “incubator”—mostly because of failures from the dot-com era—it’s clear that mentorship and accelerator programs like Y Combinator, TechStars, and MassChallenge have taken off in the mainstream consciousness of innovation. They provide lots of coaching, financial support, office space, and connections to investors and other startups. Yet in most … Continue reading “Do You Really Need an Incubator? Join the Debate at XSITE on June 16”
News From the Wireless Health Summit: Topol Plans a Medical School for Techies, the X Prize Plans a Challenge for Trekkies, & FDA Official Shows ‘Telepresence’
Some big names were on the agenda yesterday at the 2011 Convergence Summit, which is being held in a downtown San Diego hotel under the auspices of the nonprofit Wireless-Life Sciences Alliance. A couple of the speakers actually delivered some interesting news: —Qualcomm (NASDAQ: [[ticker:QCOM]]) chairman and CEO Paul Jacobs made the first unexpected announcement … Continue reading “News From the Wireless Health Summit: Topol Plans a Medical School for Techies, the X Prize Plans a Challenge for Trekkies, & FDA Official Shows ‘Telepresence’”
Halozyme Could Get $83M in Licensing Deal
San Diego’s Halozyme Therapeutics (NASDAQ: [[ticker:HALO]]) says it will receive an upfront payment of $9 million and potential future milestone payments of $74 million under an exclusive worldwide licensing agreement with Exton, PA-based ViroPharma (NASDAQ: [[ticker:VPHM]]). Halozyme is licensing the use of its recombinant human hyaluronidase in the development of a subcutaneous formulation of human … Continue reading “Halozyme Could Get $83M in Licensing Deal”
Acetylon Nabs $4.9M for Myeloma Drug
Boston-based Acetylon Pharmaceuticals said today it has formed a new alliance with the Leukemia & Lymphoma Society. Under the deal, the nonprofit research foundation will contribute as much as $4.85 million to help Acetylon run a Phase I/II clinical trial program for an experimental drug against multiple myeloma. Acetylon’s oral drug, ACY-1215, is a histone … Continue reading “Acetylon Nabs $4.9M for Myeloma Drug”
Pageonce Adds $15M
Palo Alto, CA-based Pageonce, formerly known as Netgate, said today that it has raised $15 million to further develop its personal financial tracking apps for the Web and mobile devices. New investor Morgenthaler Ventures led the round, which was joined by existing backer Pitango Ventures and individual investor Liron Petrushka, who chairs Pageonce’s board. The … Continue reading “Pageonce Adds $15M”
PerkStreet Grabs $9M
PerkStreet Financial, a Boston-based online banking startup offering a debit card with cash-back rewards, has raised $9 million in funding, according to report by Scott Kirsner of the Boston Globe, which the company confirmed later this morning. The money, which brings PerkStreet’s total funding pot to about $15 million, comes from Globespan Capital Partners and … Continue reading “PerkStreet Grabs $9M”
Video Advertising for the Long Tail: Behind Blinkx’s Acquisition of Burst Media
How did Burst Media, a Burlington, MA, company that helped to invent the idea of the online advertising server at the dawn of the dot-com era, end up as part of a San Francisco-based video search company called Blinkx? And how will owning Burst’s network of niche publishing sites change the way Blinkx does business? … Continue reading “Video Advertising for the Long Tail: Behind Blinkx’s Acquisition of Burst Media”
Drugs that Melt in Your Mouth: MonoSolRx Has Its Sights Set on Oral Insulin
[Corrected 5/12/11, 9:00 am. See below.] The sample packets of the anti-nausea drug that are strewn across the desk of Mark Schobel, CEO of MonoSol Rx, don’t look anything like your standard pharmaceutical product. Each dose of the drug, called ondansetron (Zuplenz)—which is prescribed to cancer patients undergoing chemotherapy and other harsh treatments—is a small, … Continue reading “Drugs that Melt in Your Mouth: MonoSolRx Has Its Sights Set on Oral Insulin”
Sustainable Fuel Research at WSU: NW Biodiesel Network Monthly Education
Some of the most innovative research in the world is happening at Washington State University. WSU is leading the way in sustainable fuel research that will profoundly impact the way we live. Their research, ranging from diverse biomass feedstock for biofuels to diverse transportation and other end uses, will drive innovation in the areas of … Continue reading “Sustainable Fuel Research at WSU: NW Biodiesel Network Monthly Education”
Prexa Pulls In $7M From Advent, Shire
Prexa Pharmaceuticals, a Boston-based biotech developing experimental drugs for treating central nervous disorders, announced it wrapped up a $7 million Series B funding round from Advent Healthcare Ventures and new investor Shire Pharmaceuticals. Prexa, which previously raised $3.1 million in Series A money, was co-founded by Advent in 2006 and is working on molecules to … Continue reading “Prexa Pulls In $7M From Advent, Shire”
CardioDx Raises $60M
CardioDx, the Palo Alto, CA-based developer of blood-based genetic tests for cardiovascular disease, said today it has raised $60 million in equity financing. Longitude Capital, JP Morgan, Acadia Woods Partners, Artiman Ventures, and Bright Capital, the venture arm of RU-COM, participated in the round. CardioDx said it plans to use the cash to win greater … Continue reading “CardioDx Raises $60M”
Genentech, Plexxikon Seek FDA OK
Genentech, the South San Francisco-based unit of Roche, said it has filed an application with the FDA for clearance to start marketing a new skin cancer drug discovered by Berkeley, CA-based Plexxikon. The drug, vemurafenib (PLX4032), has shown an ability to extend lives of patients with patients with a specific form of melanoma. Genentech’s parent … Continue reading “Genentech, Plexxikon Seek FDA OK”
3Tier, Tracking the World’s Hotspots for Alternative Energy, Names New CEO
Seattle-based 3Tier Group, which has developed a map of the world’s best places for wind and solar power, has named Craig Husa as its new chief executive. Founder Kenneth Westrick, who previously served as CEO, remains with the company as chairman. The company announced in December that Westrick was moving away from day-to-day duties. Husa … Continue reading “3Tier, Tracking the World’s Hotspots for Alternative Energy, Names New CEO”
PeerTransfer, Inspired by Raw Deals for International Students, Rolls Out Online Tuition Payment Service
You might call it the perfect up-and-coming Boston tech startup. A mix of higher education, financial services, and a global market. The brainchild of an MIT student entrepreneur. A company with the support of a young, well-connected Boston venture capitalist and many notable angel investors. I’m talking about Cambridge, MA-based peerTransfer, which has 17 employees … Continue reading “PeerTransfer, Inspired by Raw Deals for International Students, Rolls Out Online Tuition Payment Service”
Raising Capital At-The-Market: a Prescription for a Solid Long-Term Financing Strategy
Companies in emerging industries such as the life sciences are constantly looking for funding, but uncertainty in the capital markets has made this a time-sensitive, challenging and expensive process to execute. The capital markets, particularly over the last few years, and especially for research and development-intensive biopharmaceutical companies, have been unpredictable, making timing of financings … Continue reading “Raising Capital At-The-Market: a Prescription for a Solid Long-Term Financing Strategy”
Jitterbug Offers Personal Emergency Service
Jitterbug, the San Diego-based subsidiary of mobile virtual network operator GreatCall, says it has launched its 5Star mobile personal emergency response system to subscribers who use the Jitterbug J phone. The service, available for an additional $15 a month, enables users to press 5 and * (5Star) to get connected to a customer service representative … Continue reading “Jitterbug Offers Personal Emergency Service”
Varian Bought by Applied Materials, Nuance Picks Up Equitrac, Alkermes Pays $960M for Elan Unit, & More Boston-Area Deals News
Acquisitions headlines were big this week in New England, and spanned the semiconductor, life sciences, mobile, and software spaces. —PlumChoice, a Billierica, MA-based provider of remote IT services to businesses, nabbed $25.6 million from new backers M/C Venture Partners, Gold Hill Capital, and Eastward Capital, as well as its previous investors. —Gloucester, MA-based Varian Semiconductor … Continue reading “Varian Bought by Applied Materials, Nuance Picks Up Equitrac, Alkermes Pays $960M for Elan Unit, & More Boston-Area Deals News”
Prexa Pharmaceuticals Secures $7,000,000 Series B Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=89bae812-37aa-43c5-af6e-6ef38d17daef&Preview=1 Date 5/11/2011 Company Name Prexa Pharmaceuticals Mailing Address 184 High St. Boston, MA 02110 Company Description Prexa, founded in 2006, is developing oral small molecule monoamine reuptake inhibitors that act most potently at the dopamine transporter. By safely enhancing dopamine activity and, to a lesser extent norepinephrine activity, Prexa intends to … Continue reading “Prexa Pharmaceuticals Secures $7,000,000 Series B Funding”
Wavemark Garners $2,832,506 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5b90bdb8-fba1-4e5b-bba9-6f4a64f9099b&Preview=1 Date 5/11/2011 Company Name Wavemark Mailing Address One Monarch Drive Littleton, MA 01460 Company Description WaveMark, Inc. is a leader in providing intelligent inventory management solutions to hospitals and surgery centers. Headquartered in Boxborough, Massachusetts, WaveMark is focused on providing clinical environments with an intelligent solution to managing the flow of … Continue reading “Wavemark Garners $2,832,506 New Funding Round”
Seventh Sense Biosystems Lands $4,500,000 Series A Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6579187d-e8c0-4d86-b401-da36aac00087&Preview=1 Date 5/11/2011 Company Name Seventh Sense Biosystems Mailing Address One Memorial Drive 7th Floor Cambridge, MA 02142 Company Description Seventh Sense Biosystems Inc is a medical device startup company. Website Undisclosed Transaction Type Venture Equity Transaction Amount $4,500,000 Transaction Round Series A Proceeds Purposes The funds will be used to advance … Continue reading “Seventh Sense Biosystems Lands $4,500,000 Series A Financing Round”
Inporia Obtains $1,250,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7f46b343-7ca6-46ef-a208-ab4202238823&Preview=1 Date 5/11/2011 Company Name Inporia Mailing Address Undisclosed Seattle, WA 98104 Company Description Inporia is your personal shopping concierge, helping you find sales and new arrivals for brands, Website http://www.Inporia.com Transaction Type Venture Equity Transaction Amount $1,250,000 Transaction Round Undisclosed Proceeds Purposes The company will use the financing to continue to … Continue reading “Inporia Obtains $1,250,000 New Round”
Syncro Medical Innovations Lands $500,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c713572e-b137-47cb-a55e-24a9d2daf2f3&Preview=1 Date 5/11/2011 Company Name Syncro Medical Innovations Mailing Address 20 W. Federal Street Youngstown, OH 44503 Company Description The Syncro Blue Tube contains magnets and a magnetic field sensor at the distal end, connected to a light indicator at the proximal end of the tube. A hand-held external steering magnet is … Continue reading “Syncro Medical Innovations Lands $500,000 New Financing Round”
Naurex Secures $18,000,000 Series A Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1a50c0f9-fffe-4173-99f6-480a9a6c4c27&Preview=1 Date 5/11/2011 Company Name Naurex Mailing Address 1801 Maple Ave. Evanston, IL 60201 Company Description Naurex Inc. is a clinical-stage company developing novel therapies for depression and other CNS disorders based on a new mechanism of action for modulating the N-methyl-D-aspartic acid receptor (NMDAR). Website http://www.naurex.com Transaction Type Venture Equity Transaction … Continue reading “Naurex Secures $18,000,000 Series A Funding Round”
Explorys Lands $11,500,000 Series C Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2a042615-5c99-4c63-b5cc-e04c62b4840e&Preview=1 Date 5/11/2011 Company Name Explorys Mailing Address 10000 Cedar Ave. Cleveland, OH 44106 Company Description Explorys provides a secure cloud-computing platform specialized for the healthcare industry. We empower our customers to accelerate research and product development, while enabling critical measurement for healthcare reform, performance management and protocol safety. Website http://www.Explorys.net Transaction … Continue reading “Explorys Lands $11,500,000 Series C Financing”
CardioDx Receives $60,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fb89b46b-70d8-4a82-a632-3ada85c12387&Preview=1 Date 5/11/2011 Company Name CardioDx Mailing Address 2500 Faber Place Palo Alto, CA 94303 Company Description Founded in 2004, CardioDx is a cardiovascular genomic diagnostics company located in Palo Alto, CA. CardioDx develops clinically validated genomic tests to aid in assessing and tailoring care of individuals with cardiovascular disease, including coronary … Continue reading “CardioDx Receives $60,000,000 New Funding”
FreeMonee Obtains $11,000,000 Series A Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8c1d9d81-2357-49d4-8c09-43a282319943&Preview=1 Date 5/11/2011 Company Name FreeMonee Mailing Address Undisclosed San Mateo, CA 94403 Company Description FreeMonee brings together customers of financial institutions with thousands of stores and restaurants to create the world’s first gift network. The network allows people to discover new stores and restaurants, for free—no strings attached. Website http://www.freemonee.com Transaction … Continue reading “FreeMonee Obtains $11,000,000 Series A Financing Round”
Sequent Software Lands Series A Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=56fb8688-36e5-444f-bab4-4a5bc82b6456&Preview=1 Date 5/11/2011 Company Name Sequent Software Mailing Address 100 Marine Pkwy. Redwood City, CA 94065 Company Description Sequent is the leading software solution for near field communications (NFC) payments for mobile devices in North America. Website http://www.sequentsw.com Transaction Type Venture Equity Transaction Amount Undisclosed Transaction Round Series A Proceeds Purposes The … Continue reading “Sequent Software Lands Series A Funding”
PageOnce Secures $15,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ea8bd6a5-df05-4756-be15-59801b17fe00&Preview=1 Date 5/11/2011 Company Name PageOnce Mailing Address El Camino Real Palo Alto, CA 94306 Company Description PageOnce is the first Personal Internet Assistant web site. Website http://www.pageonce.com Transaction Type Venture Equity Transaction Amount $15,000,000 Transaction Round Undisclosed Proceeds Purposes The money will be used for adding new features, hiring and to … Continue reading “PageOnce Secures $15,000,000 New Funding Round”
Alpine Data Labs Garners $7,500,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a077c847-979f-443f-8fb9-654fcdc41975&Preview=1 Date 5/11/2011 Company Name Alpine Data Labs Mailing Address 1900 S. Norfolk Dr. San Mateo, CA 94403 Company Description Alpine Data Labs’ vision is to make it easy and cost-effective to use the predictive power in Big Data. So we designed our solution to be intuitive and affordable, and to take … Continue reading “Alpine Data Labs Garners $7,500,000 New Funding”
LearnBoost Receives $900,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=675ac211-9fa5-4960-8094-b5c2397cedfe&Preview=1 Date 5/11/2011 Company Name LearnBoost Mailing Address Pier 38 San Francisco, CA 94107 Company Description The company has created an online greeting platform for teachers that allows real-time collaboration around grades between teachers and parents. Website http://www.LearnBoost.com Transaction Type Debt Transaction Amount $900,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were … Continue reading “LearnBoost Receives $900,000 New Financing”
BranchOut Lands $18,000,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f4166882-7066-459c-870a-bf25a35fe09f&Preview=1 Date 5/11/2011 Company Name BranchOut Mailing Address 209 Kearny St., 3rd Floor San Francisco, CA 94108 Company Description The company has created a Facebook application that lets users find out where friends are working or have worked in the past. Website http://www.branchout.com Transaction Type Venture Equity Transaction Amount $18,000,000 Transaction Round … Continue reading “BranchOut Lands $18,000,000 New Round”
supyo Lands $500,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8a991eb8-663c-4137-883c-eaefea978c00&Preview=1 Date 5/11/2011 Company Name supyo Mailing Address 338 Spear Street San Francisco, CA 94105 Company Description The company is developing unspecified Internet technologies. Website http://www.supyo.com Transaction Type Debt Transaction Amount $500,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. Combined SEC regulatory filings for 5/11/2011 and 3/1/2011. M&A Terms … Continue reading “supyo Lands $500,000 New Funding Round”
Scentsa Media Gets Series A Funding
San Diego’s Huntington Capital Fund II has made a Series A preferred investment in Carlsbad, CA’s Crescent House Publishing, which operates Scentsa, the technology software and services platform focused on fragrances and perfumes, and the Scentsa Media Networks. Partner Tim Bubnack says Huntington is not disclosing the size of the deal, which is at the … Continue reading “Scentsa Media Gets Series A Funding”
Qualcomm and the X Prize Foundation Move to Energize Diagnostics with $10M ‘Tricorder Prize’
Qualcomm (NASDAQ: [[ticker:QCOM]]) chairman and CEO Paul Jacobs revealed today that the San Diego-based wireless technology giant has been working with the X Prize Foundation to develop criteria for a new $10 million X Prize grand challenge that is straight out of Star Trek—a “Tricorder X Prize.” The idea—which is still being distilled—is to offer … Continue reading “Qualcomm and the X Prize Foundation Move to Energize Diagnostics with $10M ‘Tricorder Prize’”
Nuance Buys Equitrac for $157M
Nuance Communications (NASDAQ: [[ticker:NUAN]]),a Burlington, MA-based maker of speech software, announced today it has agreed to acquire Equitrac for $157 million in a cash transaction expected to close in Nuance’s fourth quarter of fiscal year 2011. Equitrac is a maker of print management software and will be rolled into Nuance’s document management units.
Halosource Secures Approval in China
Bothell, WA-based Halosource, the developer of technology to purify drinking water, said today it has secured formal approval from the Chinese Ministry of Health. Halosource said it is the first developer of clean drinking water technology to get approval from Chinese authorities under a new set of regulatory standards. The company said its China subsidiary … Continue reading “Halosource Secures Approval in China”
Evening Roundtable: Understanding Clean Tech Financing – From Angel/VC to Project Finance
This event at Bingham McCutchen will spotlight cleantech investors and the entrepreneurs trying to raise capital from them. Register here.
Boston Scientific Chief to Exit the Stage, Two Years Into Turnaround Bid; Shares Tank
Boston Scientific picked Ray Elliott as the change agent less than two years ago to help turn things around for the medical device giant, and now Elliott is on his way out. The Natick, MA-based company (NYSE: [[ticker:BSX]]) said today that Elliott, 61, informed the board of directors on May 4 that he plans to … Continue reading “Boston Scientific Chief to Exit the Stage, Two Years Into Turnaround Bid; Shares Tank”
Churnless Consults Big Corporations and Incubates Startups Focused on Helping Consumers Change Behavior
Mix one part consultancy with another part incubator and then toss that with an entrepreneur’s passion project. Sprinkle on some academia, too. And there you have New York-based Churnless. The firm’s founders, Matt Wallaert and Avi Karnani, come from Thrive, a company focused helping consumers make better financial decisions. They sold it to Lendingtree.com in … Continue reading “Churnless Consults Big Corporations and Incubates Startups Focused on Helping Consumers Change Behavior”
Bill Gates on The Energy Challenge: Optimistic on Science & Business, but Not So Much on Politics
When people think of Bill Gates, they probably think one of two things. He’s either a hard-driving software mogul, or warm-hearted billionaire devoted to saving the poor. But what fewer people realize is that Seattle’s most famous son also spends a lot of his time thinking about, and investing in, clean energy technologies that he … Continue reading “Bill Gates on The Energy Challenge: Optimistic on Science & Business, but Not So Much on Politics”
Goby, with New iPhone App, Shifts Focus from Activity Search to Mobile Recommendations
Please…not yet another recommendation engine for telling me where I should eat, what clothes to buy, or which places to visit on my trips. Didn’t StyleFeeder get acquired by Time Inc. last year? Didn’t Where just get bought by PayPal? But I guess that’s why startups keep trying to innovate with recommendations—if they do it … Continue reading “Goby, with New iPhone App, Shifts Focus from Activity Search to Mobile Recommendations”
Funzio Wins $20M
San Francisco-based Funzio, developer of the popular Facebook game Crime City, said today it has raised $20 million in Series A financing. US-based IDG Ventures and China-based IDG Capital Partners led the round, which was joined by Playdom co-founder Rick Thompson. Thompson chairs the company’s board, which IDG Ventures managing director Phil Sanderson has now … Continue reading “Funzio Wins $20M”