ImThera Medical Obtains $397,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=efd6f7ec-3461-475b-9fcf-9779a2177a18&Preview=1 Date 2/2/2011 Company Name ImThera Medical Mailing Address 11232 El Camino Real San Diego, CA 92130 Company Description ImThera Medical is a privately funded, early-stage company developing a novel, patent-pending, neurostimulation medical device for the treatment of Obstructive Sleep Apnea (OSA). Website http://www.imtheramedical.com Transaction Type Venture Equity Transaction Amount $397,000 Transaction … Continue reading “ImThera Medical Obtains $397,000 New Round”

GraphEffect Receives $2,000,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=94a5c3d5-1ec6-4715-bc31-fa4777ed8d48&Preview=1 Date 2/2/2011 Company Name GraphEffect Mailing Address Undisclosed Los Angeles, CA 90049 Company Description The company helps brands and agencies leverage the Facebook social network for lead generation and advertising purposes. Website http://www.grapheffect.com Transaction Type Venture Equity Transaction Amount $2,000,000 Transaction Round Undisclosed Proceeds Purposes It will be using the new … Continue reading “GraphEffect Receives $2,000,000 New Financing Round”

Appolicious Garners $500,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a6220f7a-ad55-4396-882c-443a0ac14e30&Preview=1 Date 2/2/2011 Company Name Appolicious Mailing Address 225 West Washington Ave. Chicago, IL 60606 Company Description Appolicious Inc. was founded in 2009 with the goal of making it easy for you to find mobile applications you’ll use and love. We’ve combined social networking, journalism and technology to help you discover the … Continue reading “Appolicious Garners $500,000 New Funding Round”

Massive Health Obtains $2,250,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7d181179-b7f1-4a0c-976d-08e6115d6a0a&Preview=1 Date 2/2/2011 Company Name Massive Health Mailing Address Undisclosed San Francisco, CA 94105 Company Description The company is developing technologies dedicated to helping consumers live a healthier life. Website http://www.massivehealth.com Transaction Type Venture Equity Transaction Amount $2,250,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. The company is still … Continue reading “Massive Health Obtains $2,250,000 New Round”

Ocular Therapeutix Garners $14,000,000 Series D Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9b9ea9d6-6d64-40d6-b71c-fa095d8e4174&Preview=1 Date 2/2/2011 Company Name Ocular Therapeutix Mailing Address 36 Crosby Dr. Bedford, MA 01730 Company Description Ocular Therapeutix, Inc. is a privately held company focused on the development and commercialization of ophthalmic therapeutic products using its proprietary hydrogel technology to address unmet or underserved needs in ophthalmology and ophthalmic surgery. Website … Continue reading “Ocular Therapeutix Garners $14,000,000 Series D Round”

SolidFire Obtains $11,000,000 Series A Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=68dc2edb-5a38-4aeb-a502-c12778992335&Preview=1 Date 2/2/2011 Company Name SolidFire Mailing Address 1620 Pearl St Boulder, CO 80302 Company Description Atlanta-based SolidFire is a next-generation storage platform for cloud computing providers and other enterprises that need scalable, reliable storage for thousands of servers. The Company’s solution allows customers to take advantage of the performance of solid … Continue reading “SolidFire Obtains $11,000,000 Series A Financing Round”

Mobestream Media Lands $1,750,000 Series A Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=41508897-57a9-47cd-8a15-80ec5d61b37a&Preview=1 Date 2/2/2011 Company Name Mobestream Media Mailing Address Undisclosed Dallas, TX 75240 Company Description Mobestream Media is a maker of the Key Ring Reward Cards’ mobile application, specializing in making loyalty programs convenient for consumers. Website http://www.keyringapp.com Transaction Type Venture Equity Transaction Amount $1,750,000 Transaction Round Series A Proceeds Purposes Funding … Continue reading “Mobestream Media Lands $1,750,000 Series A Financing”

Aria Systems Sings $20M Solo

San Mateo, CA-based Aria Systems, which offers subscription management software for Web-based service providers such as Lionbridge and Hootsuite, said today that it has collected $20 milion in Series C funding. New investor Interwest Partners led the round, which was joined by existing investors Hummer-Winblad and Venrock. An unnamed Fortune 500 company also participated as … Continue reading “Aria Systems Sings $20M Solo”

White House Startup Investment Coincides with Sweeping Changes for TechStars, Y Combinator, Other Incubators: A Road to Recovery, or Another Bubble?

It’s been an unforgettable seven days for tech entrepreneurs—as if somebody poured startup juice into the nation’s water supply. First President Obama dedicates a good chunk of his State of the Union address to the virtues of high-tech innovation and entrepreneurship. Then Russian investor Yuri Milner and Silicon Valley super-angel Ron Conway pair up to … Continue reading “White House Startup Investment Coincides with Sweeping Changes for TechStars, Y Combinator, Other Incubators: A Road to Recovery, or Another Bubble?”

Going Mobile: TurboTax App for EZ Tax Filing is Latest Example of Intuit’s Broader Smartphone Initiative

Shortly after Brad Smith took over in January, 2008, as president and CEO of Intuit (NASDAQ: [[ticker:INTU]]), he embarked on a “listening tour” to identify the Mountain View, CA, company’s biggest opportunities and challenges. In developing what he called the “case for change,” Smith combined what he heard with some broader trends, such as shifting … Continue reading “Going Mobile: TurboTax App for EZ Tax Filing is Latest Example of Intuit’s Broader Smartphone Initiative”

California Biotech, Despite Lots of Ugliness, Poised to Add Jobs, CEO Survey Says

California has horrific budget deficits, high taxes, high unemployment, and an overall economy for investment that’s still a bit shell-shocked from the financial crisis of 2008. And yet in one of the riskiest of all industries, life sciences, leading executives in California are confident that things are starting to turn for the better. That’s a … Continue reading “California Biotech, Despite Lots of Ugliness, Poised to Add Jobs, CEO Survey Says”

CareFusion Names Gallahue as Chairman and CEO

San Diego-based CareFusion (NYSE: [[tickerCFN]]), the medical equipment company that was spun out by Cardinal Health (NYSE:[[ticker:CAH)]] in late 2009, today named Kieran Gallahue as chairman and CEO, succeeding David Schlotterbeck, who had previously announced his retirement. CareFusion, which posted $3.9 billion in sales last year, is a medical technology company with such established products … Continue reading “CareFusion Names Gallahue as Chairman and CEO”

BG Medicine Cuts IPO Target

Waltham, MA-based BG Medicine has again adjusted its plans for an initial public offering, this time aiming to raise about $33.3 million, roughly half of what it was shooting for last year. The diagnostics company revealed in a regulatory filing today that it is aiming to price a 4.75-million-share initial public offering at $7 per … Continue reading “BG Medicine Cuts IPO Target”

Farrell Resumes Command at ResMed

San Diego’s ResMed (NYSE: [[ticker:RMD]]) says founder and executive chairman Peter Farrell is returning as CEO following the surprise resignation of Kieran  Gallahue, who left to become the chairman and CEO of San Diego-based CareFusion (NYSE: [[tickerCFN]]). Farrell, who also will continue to serve as the board’s executive chairman, founded ResMed in 1989 and served … Continue reading “Farrell Resumes Command at ResMed”

Startup America Starts Up—-Thoughts from the White House Kickoff

Yesterday the Kauffman Foundation and the Case Foundation helped to launch a new initiative called the Startup America Partnership. The idea emanated from the White House early in 2010 and has been germinating since that time. As many Xconomy readers are aware, the Kauffman Foundation has seeded programs to support entrepreneurs, entrepreneur education, and research … Continue reading “Startup America Starts Up—-Thoughts from the White House Kickoff”

Orexigen Fails to Win FDA Approval of Obesity Drug, Stock Crashes

Anyone who briefly thought Orexigen Therapeutics was the ray of light in a dismal world for obesity drug development will have to think again. Orexigen lost more than 70 percent of its value this morning on some devastating news from U.S. drug regulators. San Diego-based Orexigen Therapeutics (NASDAQ: [[ticker:OREX]]) and its partner, Japan-based Takeda Pharmaceuticals, … Continue reading “Orexigen Fails to Win FDA Approval of Obesity Drug, Stock Crashes”

Genzyme-Sanofi Deal Might Be Close, Report Says

French drug giant Sanofi-Aventis’s long-sought takeover of Cambridge, MA-based biotech company Genzyme (NASDAQ:[[ticker:GENZ]]) might happen within the next week or so, sources told The New York Times yesterday. The report came the same day that Genzyme announced that it had opened its books to Sanofi to allow its potential buyer to conduct due diligence. Sanofi—which … Continue reading “Genzyme-Sanofi Deal Might Be Close, Report Says”

Big Fish Games Adds a Big Fish, Angel Investor and Web Veteran Geoff Entress, to Its Board

The Seattle tech scene is getting tighter and more connected every day. Big Fish Games, the casual games developer and publisher, said today that Geoff Entress, the Seattle-area angel investor and venture partner with Voyager Capital, has joined the firm’s board of directors. He’s not an investor in Big Fish, but, as is typical with … Continue reading “Big Fish Games Adds a Big Fish, Angel Investor and Web Veteran Geoff Entress, to Its Board”

UW, Backed by Intel and U.S. Military, Sets Up Center to Merge Electronics, Photonics

Carver Mead and Lynn Conway pioneered a government/university/industry collaboration in the ’70s and ’80s that helped train a generation of engineers to design the chips inside the electronic devices we use today. Now the University of Washington is hoping to spark a new kind of alliance, inspired by Mead and Conway, to help scientists experiment … Continue reading “UW, Backed by Intel and U.S. Military, Sets Up Center to Merge Electronics, Photonics”

Understanding Global Market Access & Reimbursement

Demonstrating value amid pricing pressures is believed to be the most critical strategic issue facing the life sciences industries. Understanding the global market access and reimbursement needs of key markets is the first step in developing a plan to demonstrate the value of products. But manufacturers of drugs, devices, or diagnostic tests fail to adequately … Continue reading “Understanding Global Market Access & Reimbursement”

Forecasting the Return of the Small and Mid-Market IPO

The San Diego Venture Group hosts Bill Hambrecht, the legendary chairman of W.R. Hambrecht + Co. and a co-founder of the former Hambrecht & Quist investment banking firm. He will discuss the IPO market and the prospects for small and mid-sized U.S.-based companies that want to go public. San Diego’s own American Assets captured more … Continue reading “Forecasting the Return of the Small and Mid-Market IPO”

Meet the Angels

The Mintz Levin law firm is hosting an opportunity for entrepreneurs to meet members of the Tech Coast Angels’ San Diego chapter. Representatives from dozens of cutting edge companies with great ideas and products will be attending, along with local angel investors. More information and online registration is here.

OpenCandy Hackathon in San Diego’s Gaslamp District

San Diego-based OpenCandy, which develops technology to help software developers reach new users, has organized “Hackathon SD” for creative software developers, web developers, and designers to work collaboratively on projects of their choosing. HardCandy is billing the event as a 23-hour marathon of creativity and cooperative development. More information and online registration is here.

For Civionics Co-Founders, Southeast Michigan an Accessible Base to Launch Wireless Sensor Company

Jerry Lynch, co-founder and executive vice president of Civionics, has experience navigating high-tech entrepreneurial ecosystems. And his experience has taught him that southeast Michigan is a premier place to grow a fledging company. Lynch’s Ann Arbor-based company makes wireless sensors that can monitor everything from the structural stability of a bridge to the energy consumption … Continue reading “For Civionics Co-Founders, Southeast Michigan an Accessible Base to Launch Wireless Sensor Company”

Pervasis in “Advanced” Talks with Potential Partners for Blood-Vessel Healing Product, CEO Says

Pervasis Therapeutics, a Cambridge, MA-based developer of cellular therapies, has had the green light from the FDA to start a pivotal clinical trial of its lead candidate for improving blood vessel access in hemodialysis patients for about a year. Yet the startup, whose board and advisors include major scientific stars such as MIT’s Bob Langer, … Continue reading “Pervasis in “Advanced” Talks with Potential Partners for Blood-Vessel Healing Product, CEO Says”

Offermobi Garners $1,000,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6b6383a3-aa88-4cb5-98c8-7c232a2fa9cc&Preview=1 Date 2/1/2011 Company Name Offermobi Mailing Address Undisclosed Undisclosed, CT 06254 Company Description OfferMobi.com is the first affiliate network focused on the mobile web. Led by industry veterans and leaders, we strive to bring our partners the very best service, pricing, and overall strategy to ensure growth for everyone. Website http://www.offermobi.com … Continue reading “Offermobi Garners $1,000,000 New Funding”

Aria Systems Garners $20,000,000 Series C Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7699cb65-482c-4874-945b-134be718a20d&Preview=1 Date 2/1/2011 Company Name Aria Systems Mailing Address 101 S. Ellsworth Ave. San Mateo, CA 94401 Company Description Aria Systems is the premier provider of on-demand billing and customer management solutions for software-as-a-service, gaming & entertainment companies. The Aria solution integrates a sophisticated billing engine with customer support and marketing tools … Continue reading “Aria Systems Garners $20,000,000 Series C Funding Round”

Experience Project Secures Series C Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=283dd031-cf32-42b9-b09c-195c857f5822&Preview=1 Date 2/1/2011 Company Name Experience Project Mailing Address 500 Sansome St. San Francisco, CA 94111 Company Description Experience Project is the first social experience website where you can anonymously connect with people on topics that are real, that you care about, that matter. Website http://www.experienceproject.com/ Transaction Type Venture Equity Transaction Amount … Continue reading “Experience Project Secures Series C Funding”

Seesmic Receives $4,000,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=40239386-8ead-462a-ab49-453a145de287&Preview=1 Date 2/1/2011 Company Name Seesmic Mailing Address 145 Alpine Terrace San Francisco, CA 94117 Company Description Seesmic operates an Internet service that allows users to track Twitter activity. Website http://www.seesmic.com Transaction Type Venture Equity Transaction Amount $4,000,000 Transaction Round Undisclosed Proceeds Purposes These investments will enable us to reach more enterprise … Continue reading “Seesmic Receives $4,000,000 New Financing Round”

Revision3 Lands New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=63ecfac9-8837-4187-bd2c-88386dfa5293&Preview=1 Date 2/1/2011 Company Name Revision3 Mailing Address 2415 3rd St. San Francisco, CA 94107 Company Description Revision3 is the first media company that gets it, born from the Internet, on-demand generation. Unlike aggregators, mash-ups, clients and web sites, Revision3 is an actual TV network for the web, creating, producing its own … Continue reading “Revision3 Lands New Funding Round”

RentJuice Secures $6,200,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=50cf63a6-5e9c-478d-b648-8afc9b84b6ae&Preview=1 Date 2/1/2011 Company Name RentJuice Mailing Address 300 Brannan Street San Francisco, CA 94107 Company Description Our online platform that connects prospective renters, brokers and property managers to each other in real-time. Website http://www.RentJuice.com Transaction Type Venture Equity Transaction Amount $6,200,000 Transaction Round Undisclosed Proceeds Purposes The company will use the … Continue reading “RentJuice Secures $6,200,000 New Funding”

Sonim Technologies Receives $4,000,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=085e2101-8c02-43b6-8d2b-d4faec58857c&Preview=1 Date 2/1/2011 Company Name Sonim Technologies Mailing Address 1875 S. Grant Street San Mateo, CA 94402 Company Description Sonim Technologies enables today’s GSM and CDMA wireless data networks to deliver high-margin voice services. Website http://www.sonimtech.com Transaction Type Venture Equity Transaction Amount $4,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not … Continue reading “Sonim Technologies Receives $4,000,000 New Funding Round”

Path Obtains $8,500,000 Series A Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1ce82d31-9eab-4c42-98e0-09e1e63097a5&Preview=1 Date 2/1/2011 Company Name Path Mailing Address 338 Spear Street San Francisco, CA 94105 Company Description The company provides a mobile social networking service. Website http://www.path.com Transaction Type Venture Equity Transaction Amount $8,500,000 Transaction Round Series A Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Kleiner Perkins Caufield … Continue reading “Path Obtains $8,500,000 Series A Funding Round”

wanderfly Garners $1,000,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=270185fa-4a60-49db-99b9-2be9df7bf2ac&Preview=1 Date 2/1/2011 Company Name wanderfly Mailing Address Undisclosed New York, NY 10001 Company Description The company operates a website that functions as a travel recommendation search engine. Website http://www.wanderfly.com Transaction Type Venture Equity Transaction Amount $1,000,000 Transaction Round Undisclosed Proceeds Purposes Wanderfly says that the new funding will be used towards … Continue reading “wanderfly Garners $1,000,000 New Financing Round”

Truveris Receives $3,800,000 Series A Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=900daf57-0a59-4293-9741-305b5dc420ec&Preview=1 Date 2/1/2011 Company Name Truveris Mailing Address 11 Penn Plaza Fifth Floor New York, NY 10011 Company Description Truveris is a health information technology company that provides management tools to sponsors of prescription benefit plans and payers of claims under these plans. Website http://www.Truveris.com Transaction Type Venture Equity Transaction Amount $3,800,000 … Continue reading “Truveris Receives $3,800,000 Series A Funding Round”

uShip Lands $1,999,998 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fd07db8e-cc27-4bcf-845c-8121ffb98a50&Preview=1 Date 2/1/2011 Company Name uShip Mailing Address 1300 Guadalupe St Austin, TX 78701 Company Description uShip is building the next great consumer internet company. The company’s mission is to create the most efficient marketplace for shipping that has ever existed. By reducing shipping costs, uShip relieves the pain that exists when … Continue reading “uShip Lands $1,999,998 New Funding”

Qualcomm Names 6 Finalists in Global QPrize Venture Financing Competition

I had to double-check after Qualcomm today announced the six regional finalists for its second annual QPrize venture investment competition. The San Diego wireless giant (NASDAQ: [[ticker:QCOM]]) held its inaugural QPrize event in 2009, but the logistics of running a global prize competition made it difficult to reprise the entire process in 2010. So this … Continue reading “Qualcomm Names 6 Finalists in Global QPrize Venture Financing Competition”

Scripps President Richard Lerner To Step Down, Be Replaced by Berkeley Chemist, Sources Say

Richard Lerner, the president of one of San Diego’s leading research institutions for the past two decades, will soon step down from the top job at The Scripps Research Institute—and he is likely to be replaced by a top chemist and molecular biologist from UC Berkeley, Xconomy has learned. No formal announcement has been made, … Continue reading “Scripps President Richard Lerner To Step Down, Be Replaced by Berkeley Chemist, Sources Say”

Eventbrite Shares Scaling Lessons, Okta Emerges from the Cloud, IPOs Coming for LinkedIn, Epocrates, and RPX, & More Bay Area BizTech News

With all the news flying last week about IPOs, you might almost think that the public markets were opening up again as a capital-raising opportunity for startups and an exit opportunity for their early investors. —LinkedIn filed registration papers to go public, saying it hopes to raise $175 million in an offering on either the … Continue reading “Eventbrite Shares Scaling Lessons, Okta Emerges from the Cloud, IPOs Coming for LinkedIn, Epocrates, and RPX, & More Bay Area BizTech News”

Channeling the Data Tsunami: Use or Lose the Information — Big Opportunities from Infrastructure to Applications

This morning summit will spotlight innovative technologies and companies in the area of “big data,”  including data capture, management, analytics, visualization, and storage. Execs from companies such as Greenplum, Apptegic, and TIBCO Spotfire will shed light on the subject. Register here. Xconomy readers can get a $50 discount off by using the code “xcon” when … Continue reading “Channeling the Data Tsunami: Use or Lose the Information — Big Opportunities from Infrastructure to Applications”

Venture Outlook 2011: Returning to the Way We Were

Charles River Ventures partner Bill Tai made an interesting analogy between surfing and venture investing for the San Diego audience that gathered last week at the San Diego Venture Group’s panel discussion on the venture outlook for the coming year. The annual event usually draws big crowds, and this year was no exception. Some 350 … Continue reading “Venture Outlook 2011: Returning to the Way We Were”

Velti Prices US IPO

Velti (NASDAQ: [[ticker:VELT]]), a San Francisco- and Dublin, Ireland-based advertising technology conglomerate, began trading on the Nasdaq exchange on January 28, debuting at $12 per share and raising about $133 million in working capital. Velti—which acquired Palo Alto, CA-based mobile ad exchange Mobclix last October for an undisclosed sum—has been trading on the London Stock … Continue reading “Velti Prices US IPO”

Bodnick Leaves Elevation Partners

Marc Bodnick, co-founder and managing partner of Menlo Park, CA-based venture firm Elevation Partners, has left the parnership to take an executive position at Palo Alto, CA-based question-and-answer site Quora, according to numerous reports. Business Insider suggested in a story Friday that Bodnick’s departure was a sign of internal feuding over credit for the firm’s … Continue reading “Bodnick Leaves Elevation Partners”

MassChallenge, With Lessons Learned, Gears Up for 2011 Startup Competition: A Definitive Debrief

It’s billed as the world’s largest startup competition and accelerator program, and it takes place right here in Boston. MassChallenge, coming off a successful first run in 2010, is gearing up to do it again this year—but not without some important changes and improvements to its structure. Last year, the Boston-area nonprofit organized a $1 … Continue reading “MassChallenge, With Lessons Learned, Gears Up for 2011 Startup Competition: A Definitive Debrief”