Nuon Therapeutics Lands $10,000,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2fcb5dbd-4520-47a3-9b35-32282aabb060&Preview=1 Date 8/12/2010 Company Name Nuon Therapeutics Mailing Address 2755 Campus Drive San Mateo, CA 94403 Company Description Nuon Therapeutics Inc., located in the San Francisco Bay Area, is focused on the development and commercialization of new therapies in inflammation and neurological diseases, including rheumatoid arthritis (RA), multiple sclerosis (MS) and neuropathic … Continue reading “Nuon Therapeutics Lands $10,000,000 New Financing Round”

GreenVolts Obtains $7,500,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3028fa59-045f-4341-8d89-5d43dd00f01a&Preview=1 Date 8/12/2010 Company Name GreenVolts Mailing Address 46400 Fremont Blvd. Fremont, CA 94538 Company Description The company develops solar concentration technology for utility applications. Website http://www. Greenvolts.com Transaction Type Debt Transaction Amount $7,500,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Undisclosed

Embed.ly Secures $250,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8666dc1e-9fa5-40cb-ad57-6e160cf166bf&Preview=1 Date 8/12/2010 Company Name Embed.ly Mailing Address 1556 Taylor St. San Francisco, CA 94133 Company Description The company provides a service that allows users to embed photos on social networking sites. Website http://www.embed.ly Transaction Type Venture Equity Transaction Amount $250,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A … Continue reading “Embed.ly Secures $250,000 New Financing”

iScience Interventional Corp Receives $3,600,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=73965618-9876-4e8e-be3a-e0adf929d834&Preview=1 Date 8/12/2010 Company Name iScience Interventional Corp Mailing Address 4055 Campbell Avenue Menlo Park, CA 94025 Company Description iScience Interventional™ discovers and develops microcatheter and imaging technologies that enable ophthalmologists to deliver site-specific ocular therapies. This new category of therapy is called Interventional Ophthalmology. It encompasses microcatheter-based therapies designed to access … Continue reading “iScience Interventional Corp Receives $3,600,000 New Financing Round”

PURE Storage Garners $18,400,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4013199f-3afc-42c9-8783-c9f7b3a9dc27&Preview=1 Date 8/12/2010 Company Name PURE Storage Mailing Address 650 Castro St. Mountain View, CA 94041 Company Description The company develops storage solutions. Website Undisclosed Transaction Type Venture Equity Transaction Amount $18,400,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing. M&A Terms Venture Investor Undisclosed

Marginize, a TechStars Firm, Raises $650K to Show What People Are Saying About Websites

Score one for the social Web. Cambridge, MA-based Marginize, an Internet startup led by entrepreneur Ziad Sultan, has closed its first round of venture funding, worth $650,000, to pursue a rather intriguing idea. The company wants to create a parallel, “augmented” version of the Web that lets you see what everyone is saying about any … Continue reading “Marginize, a TechStars Firm, Raises $650K to Show What People Are Saying About Websites”

ISE Corp., Maker of Heavy Duty Hybrid Electric Drive Systems, Files for Bankruptcy Reorganization

Poway, CA-based heavy-duty hybrid-electric drive systems maker ISE Corp. filed for Chapter 11 bankruptcy reorganization yesterday in San Diego—less than six months after the 15-year-old company went public on the Toronto Stock Exchange. The company makes hybrid-electric drive trains and energy storage systems for buses and other heavy-duty vehicles. In a statement issued yesterday, the … Continue reading “ISE Corp., Maker of Heavy Duty Hybrid Electric Drive Systems, Files for Bankruptcy Reorganization”

TechPicnic

Greenhorn Connect is billing this as a flashmob-style tech picnic for the Boston/Cambridge tech community. Flashy or not, it should be a good excuse to get together, enjoy a mid-August evening along the river, and meet some like-minded techies. The rain date is August 25. More details on the Greenhorn Connect listing.

A123Systems Spins Off New Battery Firm, Drops Out of Chrysler Deal, Posts Quarterly Loss

A123Systems’ $370 million IPO last September was the shot heard around the world—at least the alternative-energy world. I can personally attest to the fact that energy storage and electric vehicle companies from coast to coast were following the Watertown, MA-based battery maker’s performance very closely. Now they have some new things to chew on. Late … Continue reading “A123Systems Spins Off New Battery Firm, Drops Out of Chrysler Deal, Posts Quarterly Loss”

Ramius Sweetens Offer for Cypress Bio

New York’s Ramius, which made last month’s unsolicited offer to acquire San Diego’s Cypress Bioscience (NASDAQ: [[ticker:CYPD]]) for $160 million, pushed again today to meet with the biotech, and even sweetened its offer slightly. A statement issued by Ramius Value & Opportunity Advisors includes a letter to Cypress saying, “We…are extremely disappointed that the company … Continue reading “Ramius Sweetens Offer for Cypress Bio”

The Singularity Summit

The Singularity Institute, founded in 2006 by Ray Kurzweil and Peter Thiel, hosts the Singularity Summit 2010, a “rare gathering of thinkers to explore the rising impact of science and technology on society,” in the words of the event website. “The summit has been organized to further the understanding of a controversial idea – the … Continue reading “The Singularity Summit”

Three More Michigan Startups Get Microloans, Bringing Companies $1.4M In First Year

Three Michigan companies have received a combined $140,000 through the Michigan Microloan Fund program, managed by the Ann Arbor SPARK business incubator. This latest round means the program has invested a total of more than $1.4 million in 39 companies since it was started in July 2009. Microloans range from $10,000 to $50,000 and are … Continue reading “Three More Michigan Startups Get Microloans, Bringing Companies $1.4M In First Year”

Mobile Monday Michigan

Mobile Monday Michigan, which Xconomy profiled back in July, will focus its August meeting on location-based services and local targeted marketing using mobile technology. The featured speaker will be Melih Oztalay, CEO of SmartFinds Marketing in Birmingham, MI.

InDinero Co-founder Sees “Humungous” Market in Small Business Expense Tracking

As the summer term for Paul Graham’s Y Combinator incubator program builds up to its climax—“Demo Day” pitches to investors on August 24—Xconomy San Francisco is profiling selected “YC S10” startups, beginning with inDinero. Jessica Mah had a problem. She was running a managed hosting company, renting Web server space to small businesses. Demand was … Continue reading “InDinero Co-founder Sees “Humungous” Market in Small Business Expense Tracking”

Stealthy Mercator, Founded by Biogen Idec Veterans, Raises $2M to Attack Cancer

[Updated, 8/12/10, 10:15 am Eastern time. See below] Mercator Therapeutics has emerged from stealth mode, but just a bit. The Wellesley, MA-based biotech startup has raised $2 million in seed funding from angel backers to gain a license to its technology and do early research in cancer, CEO Chris Guiffre told me this morning via … Continue reading “Stealthy Mercator, Founded by Biogen Idec Veterans, Raises $2M to Attack Cancer”

Insights From St. Bernard’s CEO on Red Condor Acquisition

When San Diego’s St. Bernard Software announced last week that it was acquiring the assets of Rohnert Park, CA-based Red Condor, CEO Lou Ryan was not available to explain the deal, which was a somewhat-involved transaction. When I finally caught up with Ryan by telephone, he explained that in addition to buying Red Condor’s e-mail … Continue reading “Insights From St. Bernard’s CEO on Red Condor Acquisition”

McKinstry Innovation Center Cozies into Position as Cleantech ‘Accelerator’, Director Elsa Croonquist On What’s Next

Perched atop two floors of parking on the McKinstry campus, the Seattle-based consulting, construction, and energy firm has built the first real space of its kind dedicated entirely to fostering the local cleantech industry. The McKinstry Innovation Center is fast becoming a 24,000-square-foot oasis for up-and-coming clean energy startups. Everything about this place, from the … Continue reading “McKinstry Innovation Center Cozies into Position as Cleantech ‘Accelerator’, Director Elsa Croonquist On What’s Next”

Dicerna Pharma Gets $25M Boost to Develop Next-Gen Gene Silencing Drugs

Dicerna Pharmaceuticals has replenished its war chest. The Watertown, MA-based developer of gene-silencing drugs has raised $25 million in its Series B round of financing to advance its research. It’s a touchdown for Doug Fambrough, who said he made closing this funding round his first major priority when he took over as the firm’s chief … Continue reading “Dicerna Pharma Gets $25M Boost to Develop Next-Gen Gene Silencing Drugs”

San Diego’s Scientist-Entrepreneurs Look to “Virtual Incubator” to Help Life Sciences Startups

A grassroots group of local life sciences entrepreneurs—frustrated by their inability to get the resources they need to start new companies—has formed a working group to develop a “virtual incubator” to help seed-stage biotech startups get established in San Diego. Scott Struthers, a co-founder of the San Diego Entrepreneurs Exchange (SDEE), which was formed by … Continue reading “San Diego’s Scientist-Entrepreneurs Look to “Virtual Incubator” to Help Life Sciences Startups”

Kendall Square Wants an Entrepreneurial Walk of Fame—and So Should Every Innovation Hub

Local legends Matt Damon and Ben Affleck rose from the bowels of Cambridge Rindge and Latin School (the high school’s drama department really is in the basement) to become international movie stars—and Damon was chosen three years ago to get a star along the famous Hollywood Walk of Fame. But the business leaders who have … Continue reading “Kendall Square Wants an Entrepreneurial Walk of Fame—and So Should Every Innovation Hub”

Blue Cod and Viridity Bag $8M Apiece, Aprendica and Arbor Networks Acquired, & More Boston-Area Deals News

New England’s tech and life sciences firms had a busy week raising money and inking acquisition deals. So much for the summer slow-down! —Blue Cod Technologies announced it has raised $8 million in a follow-on financing led by General Electric Pension Trust. Edison Venture Fund, a previous investor in the Marlborough, MA-based provider of outsourcing … Continue reading “Blue Cod and Viridity Bag $8M Apiece, Aprendica and Arbor Networks Acquired, & More Boston-Area Deals News”

Dicerna Pharmaceuticals Garners $25,000,000 Series B Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=00d5c047-0394-48cb-89fd-08f14c82ec83&Preview=1 Date 8/11/2010 Company Name Dicerna Pharmaceuticals Mailing Address 480 Arsenal Street Building 1 Watertown, MA 02472 Company Description Dicerna Pharmaceuticals is a venture-backed startup developing novel therapeutics in multiple therapeutic areas based on Dicer substrate technology, which makes use of the RNA interference mechanism. Website http://www.dicerna.com Transaction Type Venture Equity Transaction … Continue reading “Dicerna Pharmaceuticals Garners $25,000,000 Series B Funding”

TwinStrata Receives $500,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=11512241-96cd-42d8-9387-43ba896108d3&Preview=1 Date 8/11/2010 Company Name TwinStrata Mailing Address 24 Prime Pkwy. Natick, MA 01760 Company Description To help companies address the challenges related to protecting and managing the growth of business application data, TwinStrata is delivering on its vision for intelligent storage clouds (ISC) solutions. ISC focus on key business needs for … Continue reading “TwinStrata Receives $500,000 New Round”

Mercator Therapeutics Lands $2,000,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a36761dc-8835-409d-8b36-4be59992c28b&Preview=1 Date 8/11/2010 Company Name Mercator Therapeutics Mailing Address 22 Auburn Rd. Wellesley, MA 02481 Company Description The company is focused on early-stage cancer research. Website Undisclosed Transaction Type Venture Equity Transaction Amount $2,000,000 Transaction Round Undisclosed Proceeds Purposes Undisclosed M&A Terms Venture Investor Undisclosed

Urban Interactions Garners $455,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=82414735-adee-4484-827a-7f7d56a16ad7&Preview=1 Date 8/11/2010 Company Name Urban Interactions Mailing Address 1056 Cambridge St. Cambridge, MA 02139 Company Description We specialize in learning about workers and matching them with the jobs that suit them best. Website http://www.urbaninteractions.com Transaction Type Venture Equity Transaction Amount $455,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. … Continue reading “Urban Interactions Garners $455,000 New Financing”

TransFS Secures $510,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=91f59592-d647-4e78-bc9e-e073c3629209&Preview=1 Date 8/11/2010 Company Name TransFS Mailing Address 200 S. Wacker Dr. Chicago, IL 60606 Company Description TransFS is a comparison shopping website for credit card processing. Our unique auction process and comparison engine allows us to save businesses 40% on average on their credit card processing. TransFS is quick and simple … Continue reading “TransFS Secures $510,000 New Funding Round”

Netpulse Obtains $2,000,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b6d43366-69ce-4abf-b81f-4d288486b4e6&Preview=1 Date 8/11/2010 Company Name Netpulse Mailing Address 2331 Third Street San Francisco, CA 94107 Company Description Netpulse provides an interactive media platform for fitness centers and active lifestyle consumers. The Netpulse platform enables a customizable entertainment experience that offers live HDTV, on-demand video and music, iPod/iPhone connectivity, personalized workout data and … Continue reading “Netpulse Obtains $2,000,000 New Funding Round”

DepotPoint Obtains $2,000,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=befe062d-a582-4ad6-bd71-78359008b159&Preview=1 Date 8/11/2010 Company Name DepotPoint Mailing Address 1406 140th Place NE Bellevue, WA 98007 Company Description DepotPoint’s vision is to be the leading provider of technologies that optimize the tracking, recording, and management of property related data. The company utilizes its centralized workflow and tracking technology to create solutions for participants … Continue reading “DepotPoint Obtains $2,000,000 New Round”

KLD Energy Technologies Lands $6,000,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3ceba0b5-3791-4d9d-ad3c-a13f50c27784&Preview=1 Date 8/11/2010 Company Name KLD Energy Technologies Mailing Address 1611 Headway Circle Austin, TX 78754 Company Description KLD Energy Technologies is transforming transportation and decreasing pollution through high-performance electric motor systems that enable the production of highly efficient, environmentally friendly two- and three-wheeled vehicles. Website http://www.kldenergy.com Transaction Type Venture Equity Transaction … Continue reading “KLD Energy Technologies Lands $6,000,000 New Funding Round”

AirStrip Technologies Receives New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=31a6bf8a-d70c-4234-99c2-fcc213dc4e97&Preview=1 Date 8/11/2010 Company Name AirStrip Technologies Mailing Address 335 E Sonterra Blvd San Antonio, TX 78258 Company Description The AirStrip Technologies platform securely delivers critical patient information, including virtual real-time waveform data, directly from hospital monitoring systems to a doctor or nurse’s smart phone, laptop or desktop. The platform is completely … Continue reading “AirStrip Technologies Receives New Financing Round”

RealPage Lands $135,300,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bbea642a-e440-4b55-a40f-60869e01e713&Preview=1 Date 8/11/2010 Company Name RealPage Mailing Address 4000 International Parkway Carrollton, TX 75007 Company Description RealPage (NASDAQ: RP) is the recognized leader and pioneer in multifamily property management software, with a history of developing comprehensive, industry-leading property management systems for performance-conscious owners and managers. Website http://www.realpage.com Transaction Type IPO Transaction Amount … Continue reading “RealPage Lands $135,300,000 New Funding Round”

Intelius to pay $1.3M settlement

Bellevue, WA-based online background check and information commerce company Intelius, agreed today to pay $1.3 million in a legal settlement, according to a report by TechFlash. The Washington State Attorney General’s Office handled the dispute, which was part of an ongoing effort to prevent “post-transaction marketing” tactics that unknowingly rope consumers into adding and paying … Continue reading “Intelius to pay $1.3M settlement”

Photos from the Xconomy H-O-R-S-E Tourney, and Our First Champion (*)

All in all, I’d say the first Xconomy H-O-R-S-E basketball tournament, held last Friday afternoon, was an unqualified success. Not for my Xconomy team (Xconomy I), which flamed out in the first round—some guy with the initials GH couldn’t buy a bucket—but rather for the couple dozen folks who showed up from the local startup … Continue reading “Photos from the Xconomy H-O-R-S-E Tourney, and Our First Champion (*)”

Telekenex Raises $5.5M

Seattle-based IP service provider Telekenex has raised $5.5 million in debt financing from Canadian specialty firm Wellington Financial. In a statement released Monday, Wellington said the funding will provide Telekenex with the capital necessary to “continue its growth and penetration of the managed voice and data service market.” Telekenex is backed by a number of … Continue reading “Telekenex Raises $5.5M”

Cray, Nvidia Team Up on $25M Defense Grant to Develop Graphics-Based Supercomputers

Seattle-based supercomputing company Cray (NASDAQ: [[ticker:CRAY]]) is part of a team that has been awarded a $25 million U.S. Defense Advanced Research Projects Agency (DARPA) grant for the further development of supercomputer technology. The team, led by graphics processing unit (GPU) developer Nvidia (NASDAQ: [[ticker:NVDA]]), also includes Oak Ridge National Laboratory and six U.S. universities. … Continue reading “Cray, Nvidia Team Up on $25M Defense Grant to Develop Graphics-Based Supercomputers”

MabVax Gets $1.1M Grant

MabVax Therapeutics, a San Diego clinical stage biotechnology company developing vaccine and antibody-based therapies as a way to prevent recurrent cancer, says it has received a follow-on grant of $1.1 million under the Small Business Technology Transfer Program from the National Cancer Institute. Privately held MabVax is developing a human monoclonal antibody therapy to target … Continue reading “MabVax Gets $1.1M Grant”

Zeo Gets $1M Debt Deal

Zeo, a Newton, MA-based provider of sleep coaching devices and software, has raised $1 million of a proposed $1.5 million round of debt financing, according to an SEC filing. The company, formerly known as Axon Labs, plans to use the funding for new product development, additional customer service, and operational expenses, Jason Donahue, the company’s … Continue reading “Zeo Gets $1M Debt Deal”

Is Boston Becoming a Hub for Female Tech Entrepreneurs? Maybe, and Here’s Why

When most people think of the New England tech startup scene, they probably don’t think of a bunch of women. Like most places I’ve visited or lived in, the Boston technology community tends to feel pretty male-dominated. But that might be changing fast. As my colleague Bruce reported today, a CB Insights demographic survey of … Continue reading “Is Boston Becoming a Hub for Female Tech Entrepreneurs? Maybe, and Here’s Why”

LearnBoost Unveils Free Online Gradebook for Teachers

Last month I met with Rafael Corrales, CEO of a small San Francisco startup called LearnBoost, and got the inside story about the company’s audacious plan to help teachers and schools by bringing Apple-style elegance and simplicity to the educational software market. Today LearnBoost took the lid off the first component of its grand plan: … Continue reading “LearnBoost Unveils Free Online Gradebook for Teachers”

Vertex’s Telaprevir Clears Hurdle, Could Halve Treatment Times for Hepatitis C

[Updated. 8:55 am Eastern time. See editor’s note.] Vertex Pharmaceuticals’s (NASDAQ:[[ticker:VRTX]]) lead drug candidate for hepatitis C infection has passed another test. The Cambridge, MA-based company, which has West Coast operations in San Diego, says today that it now has proof that its drug in combination with standard therapies can wipe out the chronic liver … Continue reading “Vertex’s Telaprevir Clears Hurdle, Could Halve Treatment Times for Hepatitis C”

Nanosys Raises $25 Million, Unveils Three-Pronged Deal with Samsung

Palo Alto, CA-based Nanosys, the nanotechnology startup that has struggled to regain altitude after a high-flying debut in 2001, is switching on the afterburners this week. To finance a move to a larger facility where it will have more space to manufacture its nano-engineeered materials for lighting and digital displays, the company is about to … Continue reading “Nanosys Raises $25 Million, Unveils Three-Pronged Deal with Samsung”

New Startup ViThera Labs Aims “Weaponized” Bacteria Drugs at Gut Diseases

Johannes Fruehauf says he started plotting his next move last fall after diminished capital reserves at his previous employer, Cequent Pharmaceuticals (now part of Marina Biotech), led the company to shrink its research staff from 24 people to six. Fruehauf, an inventor of Cambridge, MA-based Cequent’s gene-silencing technology, decided he wanted to launch his own … Continue reading “New Startup ViThera Labs Aims “Weaponized” Bacteria Drugs at Gut Diseases”

Lisa Suennen, Voice of Venture Valkyrie, Has No-Nonsense Take on Health IT

There are a slew of venture capitalists who populate the blogosphere with their opinions and pearls of wisdom on, well, just about everything. But many of those VC bloggers—predictably—come from the tech side of the house. Fewer are blogging about healthcare investing. And fewer still are women. Now enter Lisa Suennen, a managing member of … Continue reading “Lisa Suennen, Voice of Venture Valkyrie, Has No-Nonsense Take on Health IT”

Zulily Raises $6M More, Korrio Nabs $3.3M for Youth Sports Automation, & More Seattle Area Deals News

Although it’s been another slow week for Seattle-area technology deals, there have been a few notable financings and one pretty sizable acquisition. Of the three deals this week, two fell into the online space, while the third was in the security and software sector. Take a look at this week’s highlights: —Seattle-based private-sales website Zulily … Continue reading “Zulily Raises $6M More, Korrio Nabs $3.3M for Youth Sports Automation, & More Seattle Area Deals News”