SustainX Obtains $14,400,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f83c327e-7115-45e8-bb77-0da99d154571&Preview=1 Date 3/16/2011 Company Name SustainX Mailing Address 7 Commerce Ave. West Lebanon, NH 03784 Company Description SustainX is an energy storage technology developer whose solution is cost effective, low maintenance, non-toxic, and highly efficient. The technology is being developed to provide a solution for enhancing the value of renewable energy, commercial … Continue reading “SustainX Obtains $14,400,000 New Financing”

Harvest Power Lands $51,700,000 Series B Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d707e734-c978-4eed-802b-3fe7f9b1e585&Preview=1 Date 3/16/2011 Company Name Harvest Power Mailing Address 610 Lincoln St 3rd Floor Waltham, MA 02451 Company Description Harvest’s superpowered products and capabilities give us the opportunity to create a new life-cycle for organics. We assist communities with source separation programs, build renewable energy facilities and utilize our best-in-class technologies to … Continue reading “Harvest Power Lands $51,700,000 Series B Round”

Illume Software Receives $2,377,696 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=aa5f6a7b-5cc4-4661-ba9f-6d010d4c0a46&Preview=1 Date 3/16/2011 Company Name Illume Software Mailing Address 9 Damonmill Square Concord, MA 01742 Company Description Illume Software develops solutions that leverage location to power high-value applications and services. Our first product, iZUP, offers a responsible solution to cell phone-related distracted driving. iZUP harnesses the power of GPS, the pervasiveness of … Continue reading “Illume Software Receives $2,377,696 New Funding Round”

iSend Receives Series B Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=16ab38fb-fe9e-4a8a-b4b0-6f2a96f555ca&Preview=1 Date 3/16/2011 Company Name iSend Mailing Address 680 Main St Watertown, CT 06795 Company Description A privately held company, iSend was founded by Steven LaBella and is located in Watertown, CT. iSend is a leading provider of international electronic payments from the United States to Mexico, Central and South America, and … Continue reading “iSend Receives Series B Financing”

NovaTract Surgical Lands $150,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8d9c6ca5-756c-4b4f-bf0f-ad11a13183d1&Preview=1 Date 3/16/2011 Company Name NovaTract Surgical Mailing Address 401 Winchester Ave. New Haven, CT 06511 Company Description The company is developing new innovative medical devices to address the growing field of Single-Port Laparoscopic Surgery and Natural Orifice Transluminal Ambos Coptic Surgery (NOTES). Website http://www.novatract.com Transaction Type Venture Equity Transaction Amount $150,000 … Continue reading “NovaTract Surgical Lands $150,000 New Funding”

Greenleaf Biofuels Receives $150,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5eebd282-1654-4485-9cb0-d99e0f87af16&Preview=1 Date 3/16/2011 Company Name Greenleaf Biofuels Mailing Address 87 Whitfield St. Guilford, CT 06437 Company Description Founded by industry pioneer, Gus Kellogg, the Company is committed to producing American made biofuels from recycled waste materials that will not only help secure our energy independence, but also provide for a cleaner environment. … Continue reading “Greenleaf Biofuels Receives $150,000 New Funding”

Genius.com Lands Series E Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=756dc73e-4913-4e12-8e77-066748f08b53&Preview=1 Date 3/16/2011 Company Name Genius.com Mailing Address 1400 Fashion Island Boulevard San Mateo, CA 94404 Company Description Genius.com provides innovative on-demand customer intelligence solutions that deliver individual web visit data directly to sales and marketing professionals. Website http://www.genius.com Transaction Type Venture Equity Transaction Amount Undisclosed Transaction Round Series E Proceeds Purposes … Continue reading “Genius.com Lands Series E Financing Round”

Doximity Obtains $10,800,000 Series A Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6b654cc0-14c1-4891-89da-4211dee889b9&Preview=1 Date 3/16/2011 Company Name Doximity Mailing Address 119 S. B St. San Mateo, CA 94401 Company Description Doximity is a free communication platform that links medical professionals, enabling faster, smarter treatment. With Doximity, physicians can use their iPhone, iPad, Android device or computer to quickly connect with any U.S. physician to … Continue reading “Doximity Obtains $10,800,000 Series A Round”

NxThera Obtains $12,600,000 Series B Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=167582e4-7aaa-4587-a368-317d55626b7a&Preview=1 Date 3/16/2011 Company Name NxThera Mailing Address 4186 Lexington Ave. St. Paul, MN 55126 Company Description NxThera develops medical technologies to treat a variety of endourology conditions, including BPH. The company’s technology platform utilizes a simple, minimally invasive, vapor therapy designed to measurably improve urinary flow and patient quality of life. … Continue reading “NxThera Obtains $12,600,000 Series B Round”

Legolas Media Receives $5,000,000 Series A Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=03745680-49bf-405d-9600-93b5b0b2af1d&Preview=1 Date 3/16/2011 Company Name Legolas Media Mailing Address 22 Cortland St. New York, NY 10007 Company Description Legolas Media brings actionable intelligence to the trade of buyer-defined audiences — enabling marketers, publishers and networks to maximize ad performance and revenue in a direct, guaranteed manner. Website http://www.Legolas-Media.com Transaction Type Venture Equity … Continue reading “Legolas Media Receives $5,000,000 Series A Financing Round”

European Automakers Begin to Adopt Maxwell’s Ultracapacitor Technology

The conference rooms are filled close to capacity today at the Roth Capital Partners’ annual conference for small-cap companies in Dana Point, which the Newport Beach, CA-based investment banking firm is calling its biggest conference in 23 years. “The Japanese situation has tempered a bit of the enthusiasm today,” said Ted Roth, Roth Capital’s president, … Continue reading “European Automakers Begin to Adopt Maxwell’s Ultracapacitor Technology”

Lakeside Software to expand

Lakeside Software said it will spend $6.8 million to expand its operations at its Bloomfield Hills headquarters and to move some operations to Ann Arbor. The company, which makes enterprise management and virtualization software, said the move will create up to 198 jobs, including 73 in Ann Arbor.

Jeremy Jaech Leaves CEO Post at Seattle’s Verdiem

[Updated March 21 with comment from Jaech, see below] Longtime Northwest tech entrepreneur Jeremy Jaech has left the chief executive post at Seattle-based Verdiem, Xconomy has learned. Experienced tech entrepreneur and executive John Scumniotales, now heading the company as president and CEO, says the change was amicable and will allow Verdiem to move more aggressively … Continue reading “Jeremy Jaech Leaves CEO Post at Seattle’s Verdiem”

Xconomy Editor Successfully Avoids Wrecking Electric Car. Entire World Rejoices.

Who Killed The Electric Car? Hopefully not me. As I surveyed the commotion at the Environmental Protection Agency’s National Vehicle and Fuel Emissions Laboratory in Ann Arbor Monday morning, I couldn’t help but think of that documentary for a couple of reasons. One, I was just about to test drive one of the next-generation electric … Continue reading “Xconomy Editor Successfully Avoids Wrecking Electric Car. Entire World Rejoices.”

Headsprout Acquired by DYMO/Mimio

Seattle-based reading-education software company Headsprout, which has been around for about a dozen years, has been acquired by Cambridge, MA-based DYMO/Mimio. The deal closed earlier this month but was announced Tuesday. Terms weren’t disclosed. Headsprout’s management team, led by President and CEO Dave Anderson, is in line to continue overseeing Headsprout after the acquisition. DYMO/Mimio … Continue reading “Headsprout Acquired by DYMO/Mimio”

The Apple of Solar Energy? Enphase Applies Silicon Valley Smarts to Solar’s Neglected Plumbing

When the sun shines, free electrons pour out of rooftop solar panels in the form of direct current (DC). But every light bulb, fan, and appliance in a house needs alternating current (AC), which reverses direction 60 times per second. And therein lies a huge headache for installers and owners of photovoltaic systems. The central … Continue reading “The Apple of Solar Energy? Enphase Applies Silicon Valley Smarts to Solar’s Neglected Plumbing”

SeaGen Expands Millennium Deal

Seattle Genetics (NASDAQ: [[ticker:SGEN]]) said today that it has gotten an additional undisclosed fee from its partner, Cambridge, MA-based Millennium: The Takeda Oncology Company, to expand a collaboration that seeks to develop “empowered antibody” drugs for cancer. Millennium first gained access to Seattle Genetics’ technology, which links antibodies to toxins that make them more potent, … Continue reading “SeaGen Expands Millennium Deal”

Alnylam, UMass, and Others Settle RNAi Patent Litigation

[Updated 3/15/11, 2:28 pm ET. See note below] Litigation concerning key patents involved in the development gene-silencing drugs known as RNA-interference therapies has been settled. Cambridge, MA-based Alnylam Pharmaceuticals (NASDAQ:[[ticker:ALNY]]), a developer of RNAi therapies, said today that the firm and all others involved in the lawsuit over certain rights to the Tuschl I and … Continue reading “Alnylam, UMass, and Others Settle RNAi Patent Litigation”

OmniGuide Nabs $3.5M

Cambridge, MA-based OmniGuide, a provider of laser-based medical devices, has raised $3.5 million in an equity round of funding from nine investors, an SEC filing shows. The company, whose chairman is Analog Devices (NYSE: [[ticker:ADI]]) co-founder Ray Stata, raised $249,999 in September 2009 and $1.8 million that May.

Will the Bay Area Still Be the No. 1 Biotech Cluster in 20 Years? We’ll Ask Tomorrow

It’s tough, as baseball great Yogi Berra once famously observed, to make predictions, especially about the future. But that’s the risky business we’ve signed up for tomorrow night, as I plan to ask a handful of visionaries to think big about how they see the San Francisco Bay Area biotech hub evolving over the next … Continue reading “Will the Bay Area Still Be the No. 1 Biotech Cluster in 20 Years? We’ll Ask Tomorrow”

VBrick Sets Up Boston Office to Tap Into Area Talent Pool, Looks to Expand Online Video Streaming Services

VBrick Systems, a Wallingford, CT-based provider of technology for the live streaming of video content online, is expanding its footprint in New England. The company, founded in 1998, is adding an office in Boston, where it hopes to have 10 employees by the end of the quarter and 20 employees by the end of the … Continue reading “VBrick Sets Up Boston Office to Tap Into Area Talent Pool, Looks to Expand Online Video Streaming Services”

Genomatica and Tate & Lyle Form Strategic Partnership as CEO Explains “Feedstock Strategy”

The past couple of months have been busy for San Diego’s Genomatica, which is announcing a strategic partnership today with Tate & Lyle (LSE: [[ticker:TATE]]), a London-based food and industrial products manufacturer with extensive U.S. operations. Just two weeks ago, Genomatica revealed it had raised $45 million in venture capital, bringing the company’s total financing … Continue reading “Genomatica and Tate & Lyle Form Strategic Partnership as CEO Explains “Feedstock Strategy””

Grab a Beer With Me and My New Partner in Crime, Curt Woodward, at the Xconomy Meetup March 22

Every now and then—pretty much whenever I feel like it—we here at Xconomy like to invite our readers to come out and shoot the breeze with us over a beer. These are some of my favorite events, and I have a really good excuse to schedule a new one now—it’s time to introduce readers to … Continue reading “Grab a Beer With Me and My New Partner in Crime, Curt Woodward, at the Xconomy Meetup March 22”

Tippr and BuyWithMe’s Round 2, Dissecting Amazon’s Sales Tax Skirmishes, Clearwire’s Shakeup, & More in Seattle-Area Tech News

Competition in the crowded daily-deals market got a little more pugnacious recently with an acquisition by group discount site BuyWithMe. The Boston- and New York-based company purchased LocalTwist, boosting BuyWithMe in San Diego and putting the company in a new market—Seattle. The latter city, of course, is the home base of competitor Tippr, the Martin … Continue reading “Tippr and BuyWithMe’s Round 2, Dissecting Amazon’s Sales Tax Skirmishes, Clearwire’s Shakeup, & More in Seattle-Area Tech News”

Edimer, Third Rock’s Bet on Rare Diseases, Aims to Begin First Human Tests

Edimer Pharmaceuticals wants to break new ground in the treatment of patients with an ultra-rare genetic disorder called X-linked hypohidrotic ectodermal dysplasia, or XLHED. And the small venture-backed operation based in Cambridge, MA, is tapping the talents of some of the area’s rare disease veterans to try to pull it off. The firm, with primary … Continue reading “Edimer, Third Rock’s Bet on Rare Diseases, Aims to Begin First Human Tests”

DYMO/Mimio Acquires Headsprout for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2b8f454e-3ce8-4117-be9c-fafcef68db24&Preview=1 Date 3/15/2011 Company Name Headsprout Mailing Address 127 Broadway Ave E. Seattle, WA 98102 Company Description We help children master basic academic skills with fun, interactive learning programs that work. Every hour of every day, in schools and homes across the country and around the world, children are learning to read … Continue reading “DYMO/Mimio Acquires Headsprout for Undisclosed Sum”

SignNow Lands $500,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=18ed40e4-1913-4fe5-842d-c87013ea1690&Preview=1 Date 3/15/2011 Company Name SignNow Mailing Address Undisclosed Newport Beach, CA 92657 Company Description SignNow, Inc. is a company startup seeking to bring the millennia-old practice of using hardcopy signatures into the digital age through user-friendly, consumer-oriented Web applications. Website http://www.signnow.com Transaction Type Venture Equity Transaction Amount $500,000 Transaction Round Undisclosed … Continue reading “SignNow Lands $500,000 New Funding”

Daintree Networks Secures $4,000,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=67e14ac1-1962-4578-9e6c-5a6fc1c6ff51&Preview=1 Date 3/15/2011 Company Name Daintree Networks Mailing Address 1503 Grant Road Mountain View, CA 94040 Company Description Based in Mountain View, California, with an R&D facility in Melbourne, Australia, Daintree Networks is a clean technology company that provides wireless control solutions for commercial buildings. Website http://www.daintree.net Transaction Type Debt Transaction Amount … Continue reading “Daintree Networks Secures $4,000,000 New Financing Round”

Pricelock Secures $12,000,000 Series B Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=29a67469-d5ac-43dd-a0de-bb88967103e2&Preview=1 Date 3/15/2011 Company Name Pricelock Mailing Address 101 Redwood Shores Parkway Redwood City, CA 94065 Company Description Pricelock’s mission is to innovate and market previously unavailable Internet-integrated commodity price management solutions to businesses and also to retail consumers. Website http://www.pricelock.com Transaction Type Venture Equity Transaction Amount $12,000,000 Transaction Round Series B … Continue reading “Pricelock Secures $12,000,000 Series B Funding Round”

Spigit Obtains $10,000,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0200777e-1cb8-43bd-bff1-d81375b2aae1&Preview=1 Date 3/15/2011 Company Name Spigit Mailing Address 311 Ray Street Pleasanton, CA 94566 Company Description Spigit is a purpose built social networking tool used by leading companies to connect their employees, customers and business partners for idea and innovation discovery. Using sophisticated analytics built on advanced mathematics, Spigit takes us beyond … Continue reading “Spigit Obtains $10,000,000 New Round”

Animoto Opens Slide Show Creation Tools to Kodak Gallery and More Partners

There’s a slew of tools like Apple’s iMovie for turning your raw photos and videos into fun multimedia slide shows that you can share with friends and family. The problem is that none of them are drop-dead simple—except perhaps Animoto’s. The startup, which is based in San Francisco and New York and backed mainly by … Continue reading “Animoto Opens Slide Show Creation Tools to Kodak Gallery and More Partners”

Alan Aderem, With Team in Tow, Bolts From ISB to Take Leading Role at Seattle BioMed

Alan Aderem, the immunologist who co-founded the Institute for Systems Biology a decade ago with Leroy Hood and Reudi Aebersold, is leaving the Seattle research center to take over the presidency of another of one of the Northwest’s other leading centers of biomedicine—the Seattle Biomedical Research Institute. Aderem, 55, is joining Seattle BioMed as director, … Continue reading “Alan Aderem, With Team in Tow, Bolts From ISB to Take Leading Role at Seattle BioMed”

Qualcomm Town Hall 2011

CommNexus is coordinating an evening with Qualcomm chairman and CEO Paul Jacobs, QCT President Steven Mollenkopf, and Matt Grob, senior vice president of engineering, as they discuss where the wireless world is going in the next five to ten years. Topics are expected to include 3G and 4G, the new quad-core Snapdragon, mobile OSes, Qualcomm’s … Continue reading “Qualcomm Town Hall 2011”

Monster.com Touts New Image of Mobile Apps and Social Networking for Job Seekers at SXSW

There’s a new face at South by Southwest (SXSW) this week. It’s Monster.com, the Maynard, MA-based employment and job search site that’s making its first-ever appearance at the weeklong mega-gala in Austin, TX. Monster.com is powering the “SXSW Hiring Hub,” an online portal for job listings posted by companies and other organizations attending South by … Continue reading “Monster.com Touts New Image of Mobile Apps and Social Networking for Job Seekers at SXSW”

Google Funds HubSpot, AdGrok Emerges from Beta, Steve Blank Calls for “E-Schools,” & More Bay Area BizTech News

Our infotech coverage at Xconomy San Francisco was on the thin side last week, mainly because I spent the week in Boston organizing and emceeing Xconomy’s annual mobile technology conference, Mobile Madness. Here’s the brief rundown: —Three Bay Area organizations—Google Ventures, Sequoia Capital, and Salesforce.com—led a large Series D financing round for Cambridge, MA-based HubSpot, … Continue reading “Google Funds HubSpot, AdGrok Emerges from Beta, Steve Blank Calls for “E-Schools,” & More Bay Area BizTech News”

Fallbrook Forms Joint Venture in China

Fallbrook Technologies says it has signed a joint venture agreement with China’s Ningbo Shentong Group, a major supplier to the Chinese automotive industry, to develop and market Fallbrook’s continuously variable planetary (CVP) transmissions for electric-powered passenger cars and light trucks. The joint venture, named “Shentong Fallbrook CVT Company,” will operate out of Yuyao, Zhejiang province, … Continue reading “Fallbrook Forms Joint Venture in China”

Career Development Workshops in Technology and Life Sciences

UC San Diego Extension has helped to organize the third annual free career development night, with a lineup of 20 speakers. Workshop topics include: Closing America’s Job Gap, Life Science Industry Trends, What the Future Holds in Mobile Applications; Project Management & Process Improvement: Skills to Boost Your Career, Strategies for Success: What HR Won’t … Continue reading “Career Development Workshops in Technology and Life Sciences”

Solazyme Seeks $100M IPO to Build Up Renewable Biofuel Business

Solazyme, the South San Francisco-based maker of renewable biofuels that was started by a couple of college friends, is going to see just how much interest public investors have in their once “delusional” idea. Solazyme is out to raise as much as $100 million through an initial public offering, according to a prospectus filed with … Continue reading “Solazyme Seeks $100M IPO to Build Up Renewable Biofuel Business”

Senomyx at San Diego Biotechnology Network Event

San Diego-based Senomyx has been developing flavor enhancers using scientific development tools, such as high-throughput screening and GPCR modulation, to those used in drug discovery. Guy Servant, Senior Director of Assay Development & HTS at Senomyx, will give a presentation titled “A Biotech Approach to Flavor Discovery.” Online registration is here.

Nimbit Grabs $1.25M

Framingham, MA-based Nimbit, a provider of online music marketing services, announced it has raised $1.25 million in two rounds of funding from its current investor group, to put toward expanding its product team and developing a direct-to-fan marketing product. CommonAngels, LaunchCapital and Mike Dreese, co-founder and CEO of the Boston-area music and entertainment retailer Newbury … Continue reading “Nimbit Grabs $1.25M”

Another $13.5M for Solopower

A March 11 regulatory filing shows that San Jose, CA-based flexible photovoltaic maker Solopower has collected an additional $13.5 million in an apparent extension of its $51.6 million January Series E financing round. Solopower’s past backers include Hudson Clean Energy Partners. In February the company received a conditional $197 million loan guarantee from the Department … Continue reading “Another $13.5M for Solopower”

Qualcomm Rides Wave of 3G Growth, Dissident Shareholder Emerges at Leap, UCSD’s Fowler Plumbs the Power of Social Networks, & More San Diego BizTech News

Qualcomm announced a series of new technology initiatives just a few weeks ago, which CEO Paul Jacobs reviewed during the wireless chipmaker’s shareholder meeting last week. And we’ve got a review of San Diego’s biztech news for you here: —Qualcomm’s (NASDAQ: [[ticker:QCOM]]) Paul Jacobs marked his fifth anniversary as CEO of the world’s largest wireless … Continue reading “Qualcomm Rides Wave of 3G Growth, Dissident Shareholder Emerges at Leap, UCSD’s Fowler Plumbs the Power of Social Networks, & More San Diego BizTech News”

American Superconductor Buys Finnish Power Firm for $265M, Looks to Become $1B Company

A New England energy giant is making big strides overseas. Devens, MA-based American Superconductor (NASDAQ: [[ticker:AMSC]]) said today it plans to acquire The Switch Engineering Oy, a power technologies firm based in Finland, for 190 million Euros (about $265 million) in cash and stock. The deal is expected to close by the end of August. … Continue reading “American Superconductor Buys Finnish Power Firm for $265M, Looks to Become $1B Company”

Biotech Tuesday

This monthly biotech networking event, first launched in 2002, draws a crowd of roughly 150 to 200 people each meeting. Be sure to register ahead of time if you want to attend these events and stay up to date on upcoming sessions. Sign up for this meeting here, or pay the $20 entrance fee at the … Continue reading “Biotech Tuesday”

Where Are Tomorrow’s Blockbuster Biotech Drugs Coming From? You Might be Surprised

The San Francisco Bay Area has a storied tradition as the birthplace and leading hub of biotechnology, but something curious has happened the past couple years. Most of the scientifically groundbreaking, medical-textbook rewriting, financially lucrative new biotech drugs of the 21st century are coming from somewhere else. This dawned on me last week as I … Continue reading “Where Are Tomorrow’s Blockbuster Biotech Drugs Coming From? You Might be Surprised”