Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b3896232-2866-4b87-957d-c67e2cd12b2c&Preview=1 Date 11/23/2010 Company Name NearbyNow Mailing Address 1975 W. El Camino Real Mountain View, CA 94040 Company Description NearbyNow, Inc. was founded in 2005 by a management team of industry leaders and online shopping veterans with over 30 years of combined experience in e-commerce, inventory, data mining, emerging technologies, sales, merchandising, … Continue reading “JiWire Acquires NearbyNow for Undisclosed Sum”
Mismi Receives $2,212,500 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6192543b-ce3f-4f18-9432-2059fc06529c&Preview=1 Date 11/23/2010 Company Name Mismi Mailing Address 17 State Street New Yor, NY 10004 Company Description Mismi is a spin-off of Axioma, Inc., a leading developer of risk analysis, portfolio rebalancing and performance attribution products. Website http://www.mismi.com Transaction Type Venture Equity Transaction Amount $2,212,500 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes … Continue reading “Mismi Receives $2,212,500 New Financing”
Better Advertising Project Lands $9,500,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ef473fcc-ffc6-450f-9ea7-49b7c214b8ba&Preview=1 Date 11/23/2010 Company Name Better Advertising Project Mailing Address 450 Lexington Ave. New York, NY 10017 Company Description Selected by the Digital Advertising Alliance to power its interest-based advertising self-regulatory program, Better Advertising enables a more trusted environment for everyone in the online ecosystem. Website http://www.betteradvertising.com Transaction Type Venture Equity Transaction … Continue reading “Better Advertising Project Lands $9,500,000 New Financing”
Printed Electronics USA 2010
From the conference website: “Printed Electronics is one of the fastest growing technologies in the world. It is of vital interest to industries as diverse as chemicals, consumer goods, healthcare, military, electronics, advertising and publishing. It is allowing electronics to be used in places it has never been before, and offers new exciting form factors. … Continue reading “Printed Electronics USA 2010”
New England Venture Summit
This day-long event is out to bring together investors, startup executives, tech transfer personnel, researchers, and service providers. The day features presentations from life sciences, cleantech, and IT companies, as well as venture capital panel discussions. Register for the event here.
The New England Smart Grid Conference 2010: New England’s Smart Grid Tech Investments and Demonstration Projects
This conference will highlight New England’s players in the smart grid, including utilities, grid operators, renewable energy providers, and academics researching in the space. Panels will cover those working in the field, investments in the smart grid, and data and privacy concerns surrounding the technology. Registration is here.
Path Debuts, Stipple and PayNearMe Tank Up, Facebook Sends a Message, & More Bay-Area BizTech News
There was way too much news from the Bay-area infotech industry last week for one correspondent to keep up with, so I focused in on just a few key developments, with some help from my colleagues around the Xconomy network. —Path, a San Francisco company co-founded by ex-Facebooker Dave Morin, launched a new photo sharing … Continue reading “Path Debuts, Stipple and PayNearMe Tank Up, Facebook Sends a Message, & More Bay-Area BizTech News”
Gearing Up for 5×5 on Dec. 8 (Five Cities, Five Big Tech Ideas): Here’s the Agenda
Activity in the Boston-area innovation community seems to be picking up steam as we head into the holiday season. We’re getting excited as we gear up for our next Xconomy Forum in Boston on Dec. 8, which is called “5×5: Five Cities, Five Big Tech Ideas.” This is a chance to see, up close and … Continue reading “Gearing Up for 5×5 on Dec. 8 (Five Cities, Five Big Tech Ideas): Here’s the Agenda”
BioArbor: Taking Your Company to the Next Level
This MichBio- and Spark-sponsored event aims to educate entrepreneurs on how to accelerate their startups. NRG Energy director Walt Young and George Dunbar, chairman of Accuri Cytometers and Arboretum Ventures partner, will share their insights on getting companies roaring. Register here.
Ann Arbor OpenCoffee
This free morning networking event aims to connect the different entrepreneurs and investors in the area. They’ll likely come from companies in the cleantech, IT, and life sciences spaces. Sign up here to let them know you’re dropping by, too.
Michigan Energy Forum – New Years Resolution: Models for Generating New Energy Businesses
Get a glimpse of the cleantech arena in the state, at the Michigan Energy Forum’s year in review gathering. The panels will take a look at new technologies, public policy shifts, sources of private funding, and cleantech entrepreneurs’ potential next steps. Register here.
Ann Arbor Spark Entrepreneur Education 2.0: Management Team
This event comes as part of Spark’s series of programs targeted at entrepreneurs growing innovation-focused companies. This particular installment will focus on tips for putting together a management team. Register online for this one.
Archemix Hemophilia Assets Bought By Baxter
Archemix, a Cambridge, MA-based biotech developing aptamer drugs for the treatment of chronic and acute diseases, has sold its assets in the hemophilia space to Baxter International, according to an announcement today. Baxter (NYSE: [[ticker:BAX]]) will pay Archemix $30 million upfront and up to $285 million in milestone payments in an exclusive license agreement for … Continue reading “Archemix Hemophilia Assets Bought By Baxter”
SolFocus Raises $20M
Mountain View, CA-based SolFocus, a maker of optical concentrators that focus sunlight on arrays of small photovoltaic devices, has raised $20 million out of a potential $50 million in equity-based financing from unnamed backers, according to a regulatory filing. SolFocus previously raised $77 million in a 2009 Series C round and recently signed a contract … Continue reading “SolFocus Raises $20M”
Reports: Sequoia Leads Tumblr Round
Details continue to emerge about Tumblr‘s reported venture fundraising round. GigaOm first reported on October 27 that the New York-based blogging platform startup was raising money. BusinessInsider reported November 12 that Menlo Park, CA-based Sequoia Capital was leading the round and that Sequoia partner Roelof Botha would join Tumblr’s board, and on November 19 Fortune … Continue reading “Reports: Sequoia Leads Tumblr Round”
Attachmate Buys Novell for $2.2B—the End of an Era
Novell, the Waltham, MA-based networking and workload management software firm (NASDAQ: [[ticker:NOVL]]), said today it has agreed to be acquired by Seattle-based Attachmate for $2.2 billion in cash. The deal represents a purchase price of $6.10 per share, a 9 percent increase over Novell’s closing stock price on Nov. 19. Novell also said it is … Continue reading “Attachmate Buys Novell for $2.2B—the End of an Era”
Warner, Shah, Landry Among Top 10 Boston Angel Investors, According to ChubbyBrain
Which angel investors in Boston have the biggest wings? Check out this blog post by ChubbyBrain, a New York-based provider of Web-based information tools for entrepreneurs, which rounds up some of the individuals who have done the most deal-making in the Boston area. The post lists 10 individual Boston-area investors who tech entrepreneurs looking for … Continue reading “Warner, Shah, Landry Among Top 10 Boston Angel Investors, According to ChubbyBrain”
Peregrine Semiconductor Files for IPO
Peregrine Semiconductor, the San Diego wireless chip designer that has worked for years to build a business around its sapphire semiconductor technology, has filed for an initial public offering, according to registration filing submitted late Friday. The company hopes to raise as much as $100 million. The fabless chip designer, founded in 1990 by Mark … Continue reading “Peregrine Semiconductor Files for IPO”
StumbleUpon Revs Forward After Exiting eBay; Rivals Facebook As Social Discovery Engine
For a company that’s all about helping people wander the Web and make serendipitous discoveries, San Francisco-based StumbleUpon has been on a remarkably straight path since 2002. That’s not to say the venture-backed company hasn’t gone through big changes. It has: from tiny Firefox add-on maker in Calgary, Alberta, to angel-funded SoMa startup, to eBay … Continue reading “StumbleUpon Revs Forward After Exiting eBay; Rivals Facebook As Social Discovery Engine”
Ortiva Raises $8M, VMIX Establishes European Beachead, Three Finalists Selected for Venture Group’s $20K Pitchfest, & More San Diego BizTech News
We had a lot of health IT news over the past week in San Diego. Get your latest update now. —The Senate Committee on Small Business and Entrepreneurship heard testimony last week on the heavier regulatory burden that small businesses bear. In a statement, Tim Tardibono, Connect’s director of public policy in Washington, DC, called … Continue reading “Ortiva Raises $8M, VMIX Establishes European Beachead, Three Finalists Selected for Venture Group’s $20K Pitchfest, & More San Diego BizTech News”
Harmonix, Put on the Block by Viacom, Looks for Better Owner—But Who Might That Be?
OK, it sounds like the press has this “Harmonix for sale” thing mostly wrong. At least in terms of what it means for the Cambridge, MA-based company, and the future of its business. Earlier this month, New York-based Viacom (NYSE: [[ticker:VIA]]) announced it has put Harmonix up for sale after losing money on the business … Continue reading “Harmonix, Put on the Block by Viacom, Looks for Better Owner—But Who Might That Be?”
The Fight Against Diabesity: How Will San Diego Adapt in the Era of Tough FDA Scrutiny?
Two out of three Americans are now said to be overweight or obese, and about 25 million people have chronic Type 2 diabetes that’s often caused by unhealthy diets and a lack of exercise. Taken together, these two related conditions are sometimes called “diabesity,” a rising public health scourge. Anyone who develops drugs to safely … Continue reading “The Fight Against Diabesity: How Will San Diego Adapt in the Era of Tough FDA Scrutiny?”
Light Sciences Oncology CEO Exits for New Job; Company Still Waiting for Pivotal Results
The CEO of Light Sciences Oncology, the Bellevue, WA-based company developing a first-of-its-kind drug/device combo therapy for cancer, has left to take a new job running another biotech firm, Xconomy has learned. Llew Keltner’s name has been taken down from Light Sciences Oncology’s website, and Keltner personally confirmed the move in a phone call Friday … Continue reading “Light Sciences Oncology CEO Exits for New Job; Company Still Waiting for Pivotal Results”
GloStream Seeks to Make Software Easy for Doctors to Use, Built on What They Already Know—Microsoft Office
Troy, MI-based gloStream calls itself the Microsoft Office of medical practice software. Yet in addition to emulating the business strategy behind Microsoft’s dominant desktop applications franchise, gloStream has actually built its software for doctors’ offices on the Redmond, WA-based software giant’s (NASDAQ:[[ticker:MSFT]]) technology. There are thousands of companies that embed Microsoft technology into their software—and … Continue reading “GloStream Seeks to Make Software Easy for Doctors to Use, Built on What They Already Know—Microsoft Office”
Connect 2010 Most Innovative New Product Awards
The Most Innovative New Product Awards, organized by Connect, are to San Diego’s technology industry what the Oscars are to the movie business. The annual event attracts over 800 San Diego business leaders, researchers and capital providers. Out of more than 100 companies that begin the rigorous judging process, only 25 become finalists, and just … Continue reading “Connect 2010 Most Innovative New Product Awards”
From Honolulu to Back Bay: eHana Moving Behavioral Health Agencies from Paper to Pixel Records
Boston is a great place for bumping into people who are pushing the envelope in healthcare. In fact, the city’s leadership in health IT factored into Jacob Buckley-Fortin’s decision to expand his software firm eHana from its original home of Honolulu, HI, to Boston in 2006. Now Buckley-Fortin, the co-founder and CEO of eHana, is … Continue reading “From Honolulu to Back Bay: eHana Moving Behavioral Health Agencies from Paper to Pixel Records”
SolFocus Garners $20,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=90d1c5e8-6cfa-4964-b19c-05d211c54293&Preview=1 Date 11/22/2010 Company Name SolFocus Mailing Address 510 Logue Avenue Mountain View, CA 94043 Company Description SolFocus develops and markets products that generate electricity using concentrator solar photovoltaics. Website http://www.solfocus.com Transaction Type Venture Equity Transaction Amount $20,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing. M&A … Continue reading “SolFocus Garners $20,000,000 New Funding”
Nlyte Software Obtains $12,000,000 Series C Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9e4e4279-83a9-4fb3-8bfb-239b473e71fc&Preview=1 Date 11/22/2010 Company Name Nlyte Software Mailing Address 4040 Campbell Ave. Menlo Park, CA 94025 Company Description nlyte Software (formerly Global DataCenter Management) is a leading provider of data center infrastructure management (DCIM) solutions. We offer the most complete, performance-based solution for DCIM, combining next generation software, proven best practices, and … Continue reading “Nlyte Software Obtains $12,000,000 Series C Funding”
Yardsellr Garners $5,000,000 Series A Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7d781f7b-141b-41e9-be39-3e046fb9af40&Preview=1 Date 11/22/2010 Company Name Yardsellr Mailing Address 116 Hamilton Ave. Palo Alto, CA 94301 Company Description The company operates a social commerce site on Facebook. Website http://www.Yardsellr.com Transaction Type Venture Equity Transaction Amount $5,000,000 Transaction Round Series A Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Accel Partners … Continue reading “Yardsellr Garners $5,000,000 Series A Financing Round”
Stoke Obtains $15,961,730 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ea1e06c6-7c42-4825-a783-f3b550104929&Preview=1 Date 11/22/2010 Company Name Stoke Mailing Address 5403 Betsy Ross Dr. Santa Clara, CA 95054 Company Description The Stoke Session Exchange (SSX) is the industry’s first multi-access convergence gateway designed since inception for stateful management of tens of thousands of secure, reliable, high-quality subscriber sessions over multiple network access types including … Continue reading “Stoke Obtains $15,961,730 New Financing Round”
Medtronic Acquires Ardian for $800,000,000
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=17bb26d1-eff2-4988-a9a8-bd21646bfa58&Preview=1 Date 11/22/2010 Company Name Ardian Mailing Address 1810A Embarcadero Road Palo Alto, CA 94303 Company Description Ardian is in development on a congestive heart failure medical device. Website http://www.ardian.com Transaction Type M&A Transaction Amount $800,000,000 Transaction Round Proceeds Purposes M&A Terms The agreement calls for Medtronic to make an up front … Continue reading “Medtronic Acquires Ardian for $800,000,000”
Access Scientific Garners $2,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=08e59dc7-eb19-4b72-8647-920becb1f6d6&Preview=1 Date 11/22/2010 Company Name Access Scientific Mailing Address 12526 High Bluff Drive San Diego, CA 92130 Company Description Access Scientific is a company developing a vascular access device. Website http://www.accessscientific.com Transaction Type Venture Equity Transaction Amount $2,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing. M&A … Continue reading “Access Scientific Garners $2,000,000 New Funding Round”
Minerva Surgical Receives $2,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c20a3a7a-b6f7-48aa-ac0b-34e762701708&Preview=1 Date 11/22/2010 Company Name Minerva Surgical Mailing Address 20195 Stevens Creek Boulevard Cupertino, CA 95014 Company Description Minerva Surgical Inc. is a medical device start-up company based in the Silicon Valley in Cupertino CA. The company’s efforts are focused on women’s healthcare. Currently Minerva Surgical’s development projects are aimed at delivering … Continue reading “Minerva Surgical Receives $2,000,000 New Funding”
Shawn Broderick Departing TechStars Boston for Social Games Startup
[Updated, see below] Shawn Broderick, managing director of the TechStars Boston startup incubator program since it came to the Hub in early 2009, is stepping down. Broderick announced the move publicly in a blog post Friday evening. The news comes in the middle of the TechStars Annual Summit in New York—where founders of 50 of … Continue reading “Shawn Broderick Departing TechStars Boston for Social Games Startup”
CleanTECH San Diego Hosts International Summit
Cleantech San Diego is hosting the area’s first International CleanTech Showcase, and has invited executives from Australia, Canada, Germany and Switzerland to talk about their innovations in renewable energy, cleantech, and other technologies. Evan Lovell, partner in the Virgin Green Fund, is the scheduled keynote speaker. The Virgin Green Fund has led more than $350 … Continue reading “CleanTECH San Diego Hosts International Summit”
Calling All Entrepreneurs: Participate in a UN Survey on Entrepreneurship and Innovation
How do men and women small business owners approach innovation differently? That’s one of the questions the United Nations Conference on Trade and Development is seeking to answer through a six-country study that’s going on as we speak—as one of the organizers of the study, I’m looking for entrepreneurs in the U.S., both male and … Continue reading “Calling All Entrepreneurs: Participate in a UN Survey on Entrepreneurship and Innovation”
Angel Education Series: “Early Exits”
This installment of the Angel Education Series takes a look at the liquidity event of exits. One session will cover valuation of an early-stage company, and in the second session, angel investor Basil Peters will talk about what goes into early exits. Sign up online.
2010 French American Innovation Day: Alzheimer’s Disease: The Pursuit of Personalized Medicine
This day of seminars will take a look at new research in the Alzheimer’s field, what’s challenging therapeutic breakthroughs, and how the U.S. and France can collaborate to tackle treatments for the disease. Panels will cover new gene discoveries and diagnostics methods, and perspectives from the research and drug development side. Register here.
Hipmunk Strikes a Deal with ITA, Vudu Hits the PlayStation3, Android Creeps Up on iOS: A Friday News Roundup
It’s been such an action-packed week in the technology world that I ran out of time to tell you about a few interesting local news items. —Cambridge, MA-based ITA Software and Hipmunk, the Y Combinator-backed startup based in San Francisco and founded by Reddit co-founder Steve Huffman and computer-book author Adam Goldstein, announced that they … Continue reading “Hipmunk Strikes a Deal with ITA, Vudu Hits the PlayStation3, Android Creeps Up on iOS: A Friday News Roundup”
Boston Scientific Acquires Sadra for $193M Upfront, Gets Device To Fix Heart Valves
Boston Scientific just made a move into one of the fields of cardiology with growth potential by acquiring Los Gatos, CA-based Sadra Medical. The Natick, MA-based device giant (NYSE: [[ticker:BSX]]) already owns 14 percent of Sadra, and today said it is paying $193 million upfront to acquire the rest of the company, and may shell … Continue reading “Boston Scientific Acquires Sadra for $193M Upfront, Gets Device To Fix Heart Valves”
Tesla Confirms $30M Investment
Panasonic’s $30 million investment in Palo Alto, CA-based Tesla Motors, announced by the company on November 3, has been confirmed in a regulatory document filed today with the Securities and Exchange Commission. The filing reveals that the equity sale took place on November 2, just one day before the public announcement.
$1M for ImThera Medical
ImThera Medical, a San Diego-based developer of a neuro-stimulation device for treating sleep apnea, has raised $1 million of a planned $2.2 million round of equity financing, according to an SEC filing. Marcelo Lima, the firm’s president and CEO, told Xconomy for this March 5 article that he had previously raised $5.1 million for the … Continue reading “$1M for ImThera Medical”
Roche Cutting Hundreds of Jobs, Exelixis Shares Soar, Sutro Pockets $36.5M, & More Bay Area Life Sciences News
Quite a few folks at Genentech won’t have so much to be thankful for at this year’s Thanksgiving, as a wave of job cuts swept through South San Francisco. —Roche, the Switzerland-based pharmaceutical giant that took full control of South San Francisco-based Genentech in March 2009, announced a sweeping series of 4,800 job cuts and … Continue reading “Roche Cutting Hundreds of Jobs, Exelixis Shares Soar, Sutro Pockets $36.5M, & More Bay Area Life Sciences News”
Apple TV vs. Roku: Battle of the Set-Top Boxes
Hi, my name is Wade, and it’s been 20 months since I paid for premium cable TV. As longtime Xconomy readers know, I canceled all but my basic cable channels in March 2009. Back then, it was a fairly radical thing to do, but nowadays I run into people all the time who’ve realized that … Continue reading “Apple TV vs. Roku: Battle of the Set-Top Boxes”
Lilly Funds Cerulean, Genzyme Sells Diagnostics Unit, Roche Ends RNAi Program, & More Boston-Area Life Sciences News
We saw some in-depth profiles of New England-area biotechs’ drug development strategies, as well as breaking news on financings and partnership deals. —While Bay Area biotech startup Gatekeeper Pharmaceuticals, Boston’s Dana-Farber Cancer Institute, and Novartis continue their legal wrangling over a potential lung cancer drug, Waltham, MA-based Avila Therapeutics is working on its own treatment for … Continue reading “Lilly Funds Cerulean, Genzyme Sells Diagnostics Unit, Roche Ends RNAi Program, & More Boston-Area Life Sciences News”
MooBella Obtains $9,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ed318ee1-52a9-40e2-a520-7a84d7e3725f&Preview=1 Date 11/19/2010 Company Name MooBella Mailing Address 555 Constitution Drive Taunton, MA 02780-7365 Company Description Simply stated, MooBella is where taste meets technology. The MooBella team has created a multi-patented, fully automated ice cream process that will change ice cream forever! Fresh ice cream, on the spot, made to order. Smooth … Continue reading “MooBella Obtains $9,000,000 New Financing”
Plastic Jungle Receives $10,000,000 Series C Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=014f80e9-6542-45a2-8737-545d9951f9fe&Preview=1 Date 11/19/2010 Company Name Plastic Jungle Mailing Address 2491 Alluvial Ave Clovis, CA 93611 Company Description Plastic Jungle is the leading Web site for gift card exchanges — whether you want to buy gift cards at substantial savings, sell them for cash, or trade pre-owned gift cards with others, www.plasticjungle.com offers … Continue reading “Plastic Jungle Receives $10,000,000 Series C Financing Round”
Formspring Garners $10,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a1788304-8d36-4794-8445-7dd173016b02&Preview=1 Date 11/19/2010 Company Name Formspring Mailing Address 6525 E. 82nd St Indianapolis, IN 46250 Company Description The Formspring.me product is still quite simple, enabling users to create a page inviting people to ask them anything, even anonymously. Wechsler said the company’s first priority is keeping up with infrastructure demands; it currently … Continue reading “Formspring Garners $10,000,000 New Funding”
Tesla Motors Garners $30,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=596ebc4a-3625-4fc5-bda9-0fee01ecf460&Preview=1 Date 11/19/2010 Company Name Tesla Motors Mailing Address 1050 Bing Street San Carlos, CA 94070 Company Description Tesla Motors (NASDAQ: TSLA.O) was founded in June 2003 by Martin Eberhard and Marc Tarpenning to create efficient electric cars for people who love to drive. The company currently employs 70 people, including teams … Continue reading “Tesla Motors Garners $30,000,000 New Financing”
Boston Scientific Corporation Acquires Sadra Medical for $386,000,000
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8f516510-af95-4759-902a-c25f04419dec&Preview=1 Date 11/19/2010 Company Name Sadra Medical Mailing Address 160 Knowles Drive Los Gatos, CA 95032 Company Description Sadra Medical is dedicated to developing innovative new therapies for the treatment of aortic valve disease. By developing minimally invasive alternatives to traditional surgical valve replacement, the company seeks to help improve patient care … Continue reading “Boston Scientific Corporation Acquires Sadra Medical for $386,000,000”