LeisureLink Secures $9,000,000 Series C Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=885d9b89-b624-4f61-97df-bd2ebdfc18a8&Preview=1 Date 11/10/2010 Company Name LeisureLink Mailing Address 2555 E. Colorado Blvd Pasadena, CA 91107 Company Description LeisureLink’s mission is to create a distributed electronic marketplace that connects travelers with vacation rental suppliers worldwide. Website http://www.leisurelink.com Transaction Type Venture Equity Transaction Amount $9,000,000 Transaction Round Series C Proceeds Purposes Our Series C … Continue reading “LeisureLink Secures $9,000,000 Series C Funding Round”

Lot18 Obtains $3,000,000 Series A Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=eb626810-93fa-447c-a2ed-2bffb5df0483&Preview=1 Date 11/10/2010 Company Name Lot18 Mailing Address Undisclosed New York, NY 10001 Company Description Lot18 is a membership by invitation website for wine and epicurean products from coveted producers at attractive discounts. Website http://www.lot18.com Transaction Type Venture Equity Transaction Amount $3,000,000 Transaction Round Series A Proceeds Purposes With the new financing, … Continue reading “Lot18 Obtains $3,000,000 Series A Financing”

Coro Health Obtains $2,000,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2e217eef-d326-4e51-a480-46d07cd194fc&Preview=1 Date 11/10/2010 Company Name Coro Health Mailing Address 1409 W. 10th St. Austin, TX 78703 Company Description Coro Health is a therapeutic media service provider, offering individualized solutions for residents in long-term care facilities. Website http://www.corohealth.com Transaction Type Venture Equity Transaction Amount $2,000,000 Transaction Round Undisclosed Proceeds Purposes The funding will … Continue reading “Coro Health Obtains $2,000,000 New Round”

Big Data, Big Problems

In the global marketplace, businesses and employees are creating and consuming more information than ever before. Gartner predicts that enterprise data in all forms will grow 650 percent over the next five years, while IDC claims the entire world’s data doubles every 18 months. According to “The Business Impact of Big Data,” a new global … Continue reading “Big Data, Big Problems”

Zuora Raises $20M

Zuora, a Redwood-City, CA-based provider of subscription billing software, said today that it has closed a $20 million Series C funding round. Redpoint Ventures was in the lead, and existing investors Benchmark Capital, Shasta Ventures, Tenaya Capital, and Marc Benioff also participated. The company said it will use the funds to expand in Europe, the … Continue reading “Zuora Raises $20M”

E Ink Gets Colorful, Akamai Loses Netflix, Five Startups Are Hiring, and More Tech Tidbits

This is one of those weeks when it feels like we’ve been overrun by news. Nothing really major, but a lot of things to think about. To get caught up, here’s a sampling of what’s been going on in the Boston tech community today: —E Ink, the technology maker behind many popular e-reader displays, said … Continue reading “E Ink Gets Colorful, Akamai Loses Netflix, Five Startups Are Hiring, and More Tech Tidbits”

Borrowing a Page from Facebook and Ning, BroadVision Bets the Company on the “Social Business Cloud”

Pehong Chen says he got the idea for the future of BroadVision from his kids. It was certainly clear, by 2007 or so, that BroadVision needed a new business. Founded in 1993, the Redwood City, CA-based software vendor built e-commerce applications and corporate portals during the first Internet boom. Chen, the founding CEO, took the … Continue reading “Borrowing a Page from Facebook and Ning, BroadVision Bets the Company on the “Social Business Cloud””

$8.5M for Gluster

Index Ventures is the lead investor in an $8.5 million Series B financing round for Milpitas, CA-based Gluster, the company announced today. Existing investor Nexus Venture Partners also took part in the round. Gluster makes an open-source platform for managing network-attached storage devices like those used in corporate data centers and public and private storage … Continue reading “$8.5M for Gluster”

Quest Acquires BakBone

Quest Software (NASDAQ: [[ticker:QSFT]]), the Aliso Viejo, CA-based developer of application management software, is acquiring San Diego’s BakBone Software, the struggling data protection technology specialist. The companies say their deal is valued at $55 million, including the payment of BakBone’s debt obligations. BakBone, which was built around data storage management technology it had acquired from … Continue reading “Quest Acquires BakBone”

Envista Pulls in $4.1M

Beverly, MA-based Envista, a provider of Web-based software for managing construction and utility infrastructure, has raised $4.1 million toward a $7.6 million equity-based funding round, from seven investors, according to an SEC filing. The firm’s previous investors include Point Judith Capital, Borealis Ventures, and Egan-Managed Capital.

23andMe Raises $22M

23andMe, the Mountain View, CA-based maker of genetic tests for consumers, said today it has raised more than $22 million in a Series C venture financing. The money came from a new investor, Johnson & Johnson Development Corporation, in addition to existing investors New Enterprise Associates and Google Ventures. The financing comes a couple months … Continue reading “23andMe Raises $22M”

Who Will Keep the Flame Alive for Seattle Biotech? Hear From the Players Nov. 29

Seattle’s life sciences industry has been on life support for a few years, but now, for the first time in a long time, biotech has started to show some legit signs of rebirth. Will the Northwest seize this moment, and become a stronger and more vibrant place for companies that dare to develop new drugs, … Continue reading “Who Will Keep the Flame Alive for Seattle Biotech? Hear From the Players Nov. 29”

Q&A With Doug Williams: Reflecting on ZymoGenetics, Looking Ahead at Seattle Biotech

Yesterday, we broke the news here at Xconomy that ZymoGenetics CEO Doug Williams has left the company now that it has been taken over by Bristol-Myers Squibb. He is now officially scoping out his next gig. This is news, because he’s one of the few people that national life sciences VCs would back in a … Continue reading “Q&A With Doug Williams: Reflecting on ZymoGenetics, Looking Ahead at Seattle Biotech”

Big Fish Help Out the Smaller Fish in the Life Sciences Pond

In spite of the abundance of PhDs, MDs, JDs, and MBAs in biotech and pharma, we all know that on-the-job learning is really how this industry is built. Nobody goes to university to learn how to be a great CEO or manager, and there aren’t any courses in grad school where budding researchers can learn … Continue reading “Big Fish Help Out the Smaller Fish in the Life Sciences Pond”

Arena Reloads for Round 2 with FDA, With More Data on Weight Loss Drug in Diabetes Patients

Arena Pharmaceuticals is getting ready to make another run for U.S. regulatory approval of its obesity drug, and now it has some clinical trial data that the FDA has said it wants to see. The San Diego-based biotech company (NASDAQ: [[ticker:ARNA]]) is announcing today that its experimental weight loss treatment, lorcaserin (Lorqess), reached all three … Continue reading “Arena Reloads for Round 2 with FDA, With More Data on Weight Loss Drug in Diabetes Patients”

Don’t Just Read—Hear Personalized Social Networking Posts With Thing5’s Jawbite App

The “happy birthday” wall post on Facebook or mention on Twitter is about to get a whole lot more personal. Now, rather than just typing out a message or status on one of the social networking tools, you can attach a voicemail to it, thanks to a feature called JawBite, from Springfield, MA-based voice telecom … Continue reading “Don’t Just Read—Hear Personalized Social Networking Posts With Thing5’s Jawbite App”

Envista Lands $4,100,005 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4413c962-d948-4ea5-bef0-02d4ad7c6a2e&Preview=1 Date 11/9/2010 Company Name Envista Mailing Address 900 Cummings Center Beverly, MA 01915 Company Description Envista Corporation offers an innovative, patent-pending software solution for the management of built infrastructure assets to address the need for an integrated, enterprise-wide, best-practices approach. Envista’s products were developed by experts in asset management and the … Continue reading “Envista Lands $4,100,005 New Financing”

ConnectEDU Secures $4,917,746 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=60202b5c-3549-4f99-bd31-99c48f7d7406&Preview=1 Date 11/9/2010 Company Name ConnectEDU Mailing Address 20 Park Plaza Boston, MA 02116 Company Description ConnectEDU is the nation’s leading technology firm dedicated to providing students, educators and employers with comprehensive solutions to successfully navigate education and employment transitions. Website http://www.connectedu.net/ Transaction Type Venture Equity Transaction Amount $4,917,746 Transaction Round Undisclosed … Continue reading “ConnectEDU Secures $4,917,746 New Round”

Quick Hit Receives $3,000,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f975d9fe-2837-445a-a53e-c78c9336723c&Preview=1 Date 11/9/2010 Company Name Quick Hit Mailing Address 16 Chestnut St. Foxborough, MA 02035 Company Description QUICKHIT NFL Football is a free-to-play online football game where you coach and manage your own NFL team! Website http://www.quickhit.com Transaction Type Debt Transaction Amount $3,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not … Continue reading “Quick Hit Receives $3,000,000 New Financing”

Movieclips Lands $3,000,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=df4b0a61-205d-4951-8dfa-6130fc443f7d&Preview=1 Date 11/9/2010 Company Name Movieclips Mailing Address 1914 11th St. Santa Monica, CA 90404 Company Description MOVIECLIPS.com is an online video destination offering audiences the largest and most diverse collection of movie scenes. MOVIECLIPS.com allows fans to find, watch and share more than 12,000 movie clips from the libraries of most … Continue reading “Movieclips Lands $3,000,000 New Financing Round”

Quest Software Acquires BakBone Software for $55,000,000

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bdbfaac8-3a59-4a66-b9ed-0e905144b40c&Preview=1 Date 11/9/2010 Company Name BakBone Software Mailing Address 9540 Towne Centre Drive San Diego, CA 92121 Company Description BakBone Software, Inc. delivers complexity reducing data protection technologies, including award-winning Linux solutions; proven Solaris products; and application-focused Windows offerings that reliably protect MS SQL, Oracle, Exchange, MySQL and other business critical applications. … Continue reading “Quest Software Acquires BakBone Software for $55,000,000”

Sprout Social Obtains $1,000,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=75d5a753-5c22-42a7-af81-1390c43d9066&Preview=1 Date 11/9/2010 Company Name Sprout Social Mailing Address Undisclosed Chicago, IL 60601 Company Description The company provides social relationship management tracking and services. Website http://www.sproutsocial.com Transaction Type Venture Equity Transaction Amount $1,000,000 Transaction Round Undisclosed Proceeds Purposes The new funding will be used grow the engineering and support staff and towards … Continue reading “Sprout Social Obtains $1,000,000 New Funding”

Gluster Garners $8,500,000 Series B Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d29af268-3384-47f5-88c1-3539ba01c635&Preview=1 Date 11/9/2010 Company Name Gluster Mailing Address 691 S. Milpitas Blvd. Milpitas, CA 95035 Company Description Gluster delivers an open storage software platform focused on simplifying the task of storing and managing the explosive growth of unstructured data. Website http://www.Gluster.com Transaction Type Venture Equity Transaction Amount $8,500,000 Transaction Round Series B … Continue reading “Gluster Garners $8,500,000 Series B Funding Round”

Zuora Obtains $20,000,000 Series C Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1a9878e7-32b4-425c-86e6-58aa2297e489&Preview=1 Date 11/9/2010 Company Name Zuora Mailing Address 1400 Bridge Pkwy Redwood City, CA 94065 Company Description Zuora has created an on demand platform designed to simplify the way online subscription services are purchased, billed, and provisioned. Website http://www.zuora.com Transaction Type Venture Equity Transaction Amount $20,000,000 Transaction Round Series C Proceeds Purposes … Continue reading “Zuora Obtains $20,000,000 Series C Financing”

Zetta Receives $11,500,000 Series B Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7076014f-a0c5-4c4f-b376-cd2ace82e051&Preview=1 Date 11/9/2010 Company Name Zetta Mailing Address 1362 Borregas Avenue Sunnyvale, CA 94089 Company Description Zetta delivers storage solutions to enterprises that increase productivity, data availability and data protection while reducing the costs, complexities and risks of traditional storage hardware and software solutions. Website http://www.zetta.net Transaction Type Venture Equity Transaction Amount … Continue reading “Zetta Receives $11,500,000 Series B Financing”

23andMe Lands $22,000,000 Series C Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=69d9857e-1ac8-47f1-97f3-f4df5bbc86c9&Preview=1 Date 11/9/2010 Company Name 23andMe Mailing Address 1390 Shorebird Way Mountain View, CA 94043 Company Description 23andMe is focused on empowering individuals to access, explore, and better understand their genetic information, making use of recent advances in DNA analysis technologies and proprietary web-based software tools. Website http://www.23andme.com Transaction Type Venture Equity … Continue reading “23andMe Lands $22,000,000 Series C Financing Round”

Ambiq Micro Lands $2,400,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9c35c1b2-5cf4-4a5a-8044-f0d2fb7d9929&Preview=1 Date 11/9/2010 Company Name Ambiq Micro Mailing Address Undisclosed Undisclosed, MI 48710 Company Description The company is developing next-generation energy-efficient microcontrollers. Website http://www.AmbiqMicro.com Transaction Type Venture Equity Transaction Amount $2,400,000 Transaction Round Undisclosed Proceeds Purposes The funding will enable Ambiq to expand its engineering, sales and marketing teams. M&A Terms Venture … Continue reading “Ambiq Micro Lands $2,400,000 New Round”

Twilio Receives $12,000,000 Series B Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=28a6e4bd-433c-4fea-8fa2-f97b2783dfd7&Preview=1 Date 11/9/2010 Company Name Twilio Mailing Address 548 Market St San Francisco, CA 94104 Company Description Twilio provides an in-cloud API for voice communications that leverages existing web development skills, resources and infrastructure. Twilio’s simple programming interface opens the field of voice applications to millions of web developers, and its Pay-As-You-Go … Continue reading “Twilio Receives $12,000,000 Series B Financing Round”

Ambiq Micro Receives $2,400,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9c35c1b2-5cf4-4a5a-8044-f0d2fb7d9929&Preview=1 Date 11/9/2010 Company Name Ambiq Micro Mailing Address 303 Camp Craft Road Westlake Hills, TX 78746 Company Description The company is developing next-generation energy-efficient microcontrollers. Website http://www.AmbiqMicro.com Transaction Type Venture Equity Transaction Amount $2,400,000 Transaction Round Undisclosed Proceeds Purposes The funding will enable Ambiq to expand its engineering, sales and marketing … Continue reading “Ambiq Micro Receives $2,400,000 New Funding”

Web Video Ad Startups ScanScout, Tremor Media Join Forces in Challenge to Hulu, YouTube

Boston-based ScanScout, which serves targeted video ads to a network of 1,000 online publishers, has been acquired by New York-based competitor Tremor Media, the two companies announced today. The combined company, which will be headed by ScanScout CEO Bill Day, hopes to form a video ad distribution network large enough to compete with Hulu, YouTube, Brightroll, … Continue reading “Web Video Ad Startups ScanScout, Tremor Media Join Forces in Challenge to Hulu, YouTube”

How the Smart Grid Opportunity Looks a Lot Like the Internet Once Did

The smart grid is a new technology arena that will change how Americans think about electricity. Entrepreneurs jumping into this sector give many reasons — to save the planet, save lives, or save the economy — but what attracts us most is the opportunity to leverage what we learned from the Internet revolution, to make … Continue reading “How the Smart Grid Opportunity Looks a Lot Like the Internet Once Did”

RockMelt Enters Browser Wars with Backing from Marc Andreessen, Focus on Facebook and Twitter

Change in the browser market, compared to newer areas like mobile apps, is truly glacial: the main trend over the past few years has been the gradual migration of Internet Explorer users (the Microsoft browser still has a 60 percent market share) to Mozilla’s Firefox (23 percent) and Google’s Chrome (9 percent). But if anyone … Continue reading “RockMelt Enters Browser Wars with Backing from Marc Andreessen, Focus on Facebook and Twitter”

Inventor and VC Bob Metcalfe Joins Faculty at University of Texas, Talks About Spurring Innovation by Teaching It

Big news in the New England innovation community today. Bob Metcalfe, an inventor of the Ethernet local-area networking standard, founder of 3Com, partner at Polaris Venture Partners—too many qualifications to list here—is joining the University of Texas at Austin as “professor of innovation” in UT’s engineering school as of January 2011. The news was first … Continue reading “Inventor and VC Bob Metcalfe Joins Faculty at University of Texas, Talks About Spurring Innovation by Teaching It”

Ambit Biosciences Seeks $86M IPO as Market Warms Up

Ambit Biosciences, the San Diego-based biotech company in its third incarnation, is now gearing up to take the IPO leap. Ambit is hoping to raise as much as $86.3 million in an initial public offering underwritten by JP Morgan, Credit Suisse, Leerink Swann, and Wedbush PacGrow Life Sciences, according to an investor prospectus filed with … Continue reading “Ambit Biosciences Seeks $86M IPO as Market Warms Up”

Stock Repurchase For GT Solar

Merrimack, NH-based GT Solar, a provider of technology in the solar and LED spaces, announced today that it plans to purchase and retire 26.5 million shares of its common stock from all of its private equity investors, at $7.66 per share. The $203 million deal, expected to close on or before November 12, will reduce … Continue reading “Stock Repurchase For GT Solar”

HealthcareSource Buys TestSource

HealthcareSource, a Woburn, MA-based provider of human resources management software for the healthcare industry, said today that it has bought its partner TestSource of Grand Rapids, MI. Financial terms of the purchase were not disclosed. TestSource provides behavioral assessments of job applicants for healthcare customers, and the firm has worked on more than 100 integrations … Continue reading “HealthcareSource Buys TestSource”

EMC’s Acquisition Strategy: New Insights from Data Domain (and Rumored Isilon Deal)

EMC, the data storage giant, has lots of irons in the fire when it comes to innovation. The Hopkinton, MA-based firm (NYSE: [[ticker:EMC]]) pursues an interesting mix of acquisitions and “organic” in-house research and development. A few weeks ago, I spoke with EMC’s chief technology officer, Jeff Nick, about the company’s broader innovation strategy—which can … Continue reading “EMC’s Acquisition Strategy: New Insights from Data Domain (and Rumored Isilon Deal)”

Novatel Acquires M2M Technology Specialist

San Diego’s Novatel Wireless (NASDAQ: [[ticker:NVTL]]), which provides high-speed wireless mobile hotspot devices, USB modems, and other wireless Internet access products, says today it is buying Enfora, a suburban Dallas provider of asset management technology. Enfora says its intelligent asset-management systems use wireless technology and machine-to-machine (M2M) communications to analyze information from distributed assets. Novatel, … Continue reading “Novatel Acquires M2M Technology Specialist”

Genomic Health Seeks to Build Momentum For Healthcare Shift from Rx to Dx

Genomic Health is one of the big success stories of the past decade in the diagnostics business, and an early leader in the movement toward more personalized medicine. The Redwood City, CA-based company generated $150 million in revenue last year, saw sales climb almost 20 percent in the second quarter, and has reached cash flow … Continue reading “Genomic Health Seeks to Build Momentum For Healthcare Shift from Rx to Dx”

French Biotech to Buy GTC

Framingham, MA-based GTC Biotherapeutics, the first company to get FDA approval of a drug derived from genetically modified animals, has struck a stock purchase and merger deal with LFB Biotechnologies, according to a press release. France’s LFB has agreed to take GTC private through its purchase of GTC stock for 30 cents per share or … Continue reading “French Biotech to Buy GTC”

OncoGenex Hires Burris

Bothell, WA-based OncoGenex Pharmaceuticals (NASDAQ: [[ticker:OGXI]])  said today it has hired Michelle Burris as its executive vice president of operations and chief financial officer. Burris most recently served as senior vice president and chief operating officer at Seattle-based Trubion Pharmaceuticals (NASDAQ: [[ticker:TRBN]]) until it was acquired by Emergent BioSolutions. Burris, a veteran chief financial officer … Continue reading “OncoGenex Hires Burris”

Angel Investing Loses Altitude, Avalon’s Levandov Talks About His Digital Investments, TechAmerica AeA Investor Conference Opens Today, & More San Diego BizTech News

It was a relatively quiet week for BizTech news in San Diego. Get caught up on all you need to know here. —Executives from several San Diego semiconductor companies are scheduled to make investor presentations today at the TechAmerica AeA Financial Classic, which continues through tomorrow at the downtown Manchester Grand Hyatt. Local presenting companies … Continue reading “Angel Investing Loses Altitude, Avalon’s Levandov Talks About His Digital Investments, TechAmerica AeA Investor Conference Opens Today, & More San Diego BizTech News”

Diane Greene’s Advice to Female Entrepreneurs: You Too Could Start a VMware

[Corrected, see below] Female technologists and CEOs are still rare in Silicon Valley, but Diane Greene has been both—and she’s been far more successful at it than most males. Trained at MIT and UC Berkeley, Greene was the co-founder and founding CEO of Palo Alto, CA-based VMware, which introduced a layer of virtualization between hardware … Continue reading “Diane Greene’s Advice to Female Entrepreneurs: You Too Could Start a VMware”

ZymoGenetics CEO Doug Williams Exits the Stage, Mulls Next Free Agent Move

Doug Williams, one of the few nationally prominent biotechnology executives in Seattle, has officially left his job as ZymoGenetics CEO now that the company’s $885 million takeover by Bristol-Myers Squibb has been completed, Xconomy has learned. Both Williams and former ZymoGenetics president Stephen Zaruby have left the company after it was acquired last month by … Continue reading “ZymoGenetics CEO Doug Williams Exits the Stage, Mulls Next Free Agent Move”

Facebook Goes Deeper into Mobile, ShopWell Goes to Market, Cloudera Aims High, & More Bay Area BizTech News

We ran several terrific stories last week from Deborah Gage, a Bay Area technology journalist who filled in while I was on vacation in Alaska. (Thanks Deborah!) We also published an in-depth a look at Ideo nutrition-advice spinoff ShopWell. —Cloudera, a Palo Alto, CA-based startup offering tools and consulting services around the Hadoop open-source distributing … Continue reading “Facebook Goes Deeper into Mobile, ShopWell Goes to Market, Cloudera Aims High, & More Bay Area BizTech News”

Ann Arbor’s BodegaBid Bets There’s Real Profit in Virtual Currency

Mark Sendo of Ann Arbor, MI, is not into reality. Oh, the founder and CEO of BodegaBid says he briefly tried reality last spring, when his company partnered with a Seattle startup called Beer2Buds and let holders of virtual cash buy their friends a beer in the real world. But the three-year-old BodegaBid ended that … Continue reading “Ann Arbor’s BodegaBid Bets There’s Real Profit in Virtual Currency”

The Big Meetup: Mobile Social Networking and Location-Based Services

Mobile social networking is becoming one of the key drivers for the growth of location-based services, as it provides a platform for developing applications such as friend finders, local search, and geo-tagging. It is allowing users to share real-life experiences through geo-tagged user-generated content, locate their friends are and then find places to meet up … Continue reading “The Big Meetup: Mobile Social Networking and Location-Based Services”