Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f76afad2-84d4-4470-a198-bf0461b94f3c&Preview=1 Date 7/8/2010 Company Name Aurora Feint Mailing Address 330 Primrose Rd. Burlingame, CA 94010 Company Description Aurora Feint Inc. develops mobile games and operates OpenFeint, a leading mobile social platform and application for smartphones. OpenFeint includes a set of online game services such as leaderboards and achievements running in a cloud … Continue reading “Aurora Feint Secures $5,000,000 New Funding Round”
Alpha Orthopaedics Garners $2,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=096b5dc4-9351-47b6-ab84-f09585a1e201&Preview=1 Date 7/8/2010 Company Name Alpha Orthopaedics Mailing Address 23575 Cabot Blvd. Hayward, CA 94545 Company Description ReleF Technology is utilized in a unique non-invasive therapeutic intervention to relieve pain originating from musculoskeletal conditions. This innovative approach equips physicians with a truly effective non-invasive option, preserving invasive measures for recalcitrant cases. ReleF … Continue reading “Alpha Orthopaedics Garners $2,000,000 New Financing”
NexTag Acquires Wize.com for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=95295817-9976-447e-bb98-61c70f13dd98&Preview=1 Date 7/8/2010 Company Name Wize.com Mailing Address 1670 South Amphlett Blvd San Mateo, CA 94402 Company Description Wize.com is not made up of product experts or reviewers. Like you, we want to buy the best products out there, but we don’t have the time to comb the web for every bit … Continue reading “NexTag Acquires Wize.com for Undisclosed Sum”
Playdom Acquires Metaplace for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8d9b152c-32ee-4e5f-ae1e-61bf9213df40&Preview=1 Date 7/8/2010 Company Name Metaplace Mailing Address 415 S. Cedros Avenue Solana Beach, CA 92075 Company Description We’re working on some new tech that will literally change how virtual worlds are made. We’ve got a cool world or two incubating on the back burner. And we’re hiring, so if any of … Continue reading “Playdom Acquires Metaplace for Undisclosed Sum”
Facebook Acquires NextStop for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=66202e3b-d98d-4e98-824a-08f20abf1c61&Preview=1 Date 7/8/2010 Company Name NextStop Mailing Address 650 Townsend St. San Francisco, CA 94103 Company Description We help you discover the most interesting things to do around the world. Say hello & share your own experiences with us so we can tweet them! Website http://www.nextstop.com Transaction Type M&A Transaction Amount Undisclosed … Continue reading “Facebook Acquires NextStop for Undisclosed Sum”
Calithera, a UCSF Spinoff, Raises $40M to Develop Cancer Drugs
One of the nation’s biggest biotech startup deals of the year just emerged from UC San Francisco. Calithera, a company with roots in the lab of Jim Wells, has raised $40 million to develop new cancer drugs. The financing was led by Morgenthaler Ventures, and included US Venture Partners, Advanced Ventures, Delphi Ventures, as well … Continue reading “Calithera, a UCSF Spinoff, Raises $40M to Develop Cancer Drugs”
Super Angels and Seed Funds: Sim Simeonov’s Advice for Investors and Entrepreneurs
Angel investors have good reasons for passing on your startup company. But they should make more, not fewer investments over the long run, in order to maximize their returns. That’s what I took away from Sim Simeonov’s guest analysis in PE Hub last week. But it turns out there’s much more to the story. Simeonov, … Continue reading “Super Angels and Seed Funds: Sim Simeonov’s Advice for Investors and Entrepreneurs”
2nd Annual Waste to Energy Finance & Investment Summit
This event brings together parties on all sides of the sliver of cleantech that’s out to convert waste to energy, including utilities, government personnel, project developers, investors, and lenders. Register here.
ThredUP Pulls in $1.4M
Cambridge, MA-based thredUP, an online startup helping parents swap used children’s clothing, said it has raised $1.4 million in Series A-1 funding, led by Menlo Park, CA-based Trinity Ventures. Founder Collective, High Line Ventures, and NextView Ventures also contributed to the financing, which will go to refining the company’s product and hiring staff in engineering … Continue reading “ThredUP Pulls in $1.4M”
Uptake Medical Raises $17.5M for Emphysema Device
Uptake Medical has closed a financing round worth $17.5 million. The Seattle-based company says it will use the money to get clearance to start selling a device to treat emphysema in Europe, to start marketing it outside the U.S., and to pursue FDA approval. The Series B financing was led by Maverick Capital, and included … Continue reading “Uptake Medical Raises $17.5M for Emphysema Device”
World Wide Wade Goes West—Episode VII: Denver, CO
Well, I made it to San Francisco! I officially occupied my new Potrero Hill loft (which will double as Xconomy’s San Francisco bureau) Tuesday morning. But I don’t have an Internet connection there yet, so I’m writing this at the Starbucks on 16th and Kansas. Which means I’m feeling right at home—we depended on Starbucks … Continue reading “World Wide Wade Goes West—Episode VII: Denver, CO”
Borders’ eBook Store Open For Business; New Apps For Android, Blackberry
Borders today launched an assault on Amazon, while fighting for its own survival. The Ann Arbor, MI-based bookseller continued its aggressive new mission of trying to remain relevant in a highly competitive space by opening its new eBook store and launching two more eReader apps for Blackberry and Android devices. Today’s announcement follows its release … Continue reading “Borders’ eBook Store Open For Business; New Apps For Android, Blackberry”
Oncothyreon Lines Up $20M
Seattle-based Oncothyreon (NASDAQ: [[ticker:ONTY]]) said today it has secured a line of equity financing in which it may sell as much as $20 million worth of new common stock to Small Cap Biotech Value. Oncothyreon said it will determine the timing and dollar amounts of the stock sales, and it is not obligated to use … Continue reading “Oncothyreon Lines Up $20M”
Genentech Seeks FDA Nod for T-DM1
Genentech, the South San Francisco-based unit of Roche, said it has turned in its application to the FDA to start selling a souped-up version of the hit breast cancer drug trastuzumab (Herceptin). The new antibody is attached to a toxin to give it more tumor-killing punch. The drug, known as T-DM1, was developed by Genentech … Continue reading “Genentech Seeks FDA Nod for T-DM1”
$4.5M for Excelimmune
Excelimmune, a Woburn, MA-based developer of drugs made with human recombinant polyclonal antibodies, has raised $4.5 million of a planned $9 million round of equity financing, according to an SEC filing. The document did not specify the investors in the deal. The company, founded in 2006, took in $1 million in Series B funding in … Continue reading “$4.5M for Excelimmune”
Bio2 Technologies Grabs $1.1M
Bio2 Technologies, a Woburn, MA-based developer of tissue engineering scaffolds for the orthopedic market, has raised $1.1 million of a planned $2 million round of equity financing, according to an SEC filing. The investors in the round were not specified in the filing. The company says its “cross linked microstructure” technology was licensed from Woburn-based … Continue reading “Bio2 Technologies Grabs $1.1M”
CMC Icos Mounts Comeback, Resumes Hiring, After Pausing During the Downturn
CMC Icos Biologics was one of the bright spots in the Northwest innovation community during the dark days of September 2008. The financial crisis was all over the news, yet the Bothell, WA-based biotech drugmaker said it planned to double in size to 250 employees, and quintuple its manufacturing capacity. Two weeks later, the company … Continue reading “CMC Icos Mounts Comeback, Resumes Hiring, After Pausing During the Downturn”
Google Pays $700M for ITA, Eli Lilly Buys Alnara, Skyhook Lands Samsung Partnership, & More Boston-Area Deals News
We saw news of several local acquisition deals by technology powerhouses in the past week. —Watertown, MA-based Dicerna Pharmaceuticals, a developer of RNA interference drugs, raised $5 million in an offering of debt and options. The startup previously raised $21.4 million in Series A funding from Abingworth Management, Skyline Ventures, and Oxford Bioscience Partners. Former … Continue reading “Google Pays $700M for ITA, Eli Lilly Buys Alnara, Skyhook Lands Samsung Partnership, & More Boston-Area Deals News”
DNAnexus Seeks to Capitalize on Data Pile-Up, as Leader in Genomic Analysis Software
The time is right for someone to come along and build a great company in bioinformatics, according to Andreas Sundquist. He’s betting it will be his team at Palo Alto, CA-based DNAnexus. Scientists have been complaining for years about massive amounts of data piling up on their servers as gene sequencing instruments have become ever … Continue reading “DNAnexus Seeks to Capitalize on Data Pile-Up, as Leader in Genomic Analysis Software”
On-Q-ity, Led by Former Genzyme Exec, Takes on “Diagnostic Black Hole” in Cancer
Cancer survivors could have tumor cells circulating in their blood stream and not know it, because imaging exams don’t detect these indicators of potential malignancies, says Mara Aspinall, the chief executive of On-Q-ity. On-Q-ity, a diagnostics startup based in Waltham, MA, wants to find these circulating tumor cells in patients’ blood and use biomarkers to … Continue reading “On-Q-ity, Led by Former Genzyme Exec, Takes on “Diagnostic Black Hole” in Cancer”
Flo TV to Launch Sports Datacasting This Month, as Parent Qualcomm Studies Datacasting for Magazines and Other Opportunities
Some of Qualcomm’s top executives have been suggesting the San Diego wireless technology giant is looking at alternative uses of the 700 MHz spectrum that Qualcomm’s Flo TV has been using since 2007 to broadcast television programming to mobile devices. As we reported last month, Qualcomm Chairman and CEO Paul Jacobs said the number of … Continue reading “Flo TV to Launch Sports Datacasting This Month, as Parent Qualcomm Studies Datacasting for Magazines and Other Opportunities”
The Open Science Shift
Recent years have seen technological revolutions in informatics, communications, and the life sciences. Xconomy readers are deeply engaged with these trends, but may be unaware of the most important development of all, the transition (sometimes painful), to an Open Science system better suited for a global, networked, knowledge economy. Sadly, rapid technical progress has thus … Continue reading “The Open Science Shift”
Earth Class Mail CEO Sarah Carr on the Revamped Business Model and What Had to Change in Her First 10 Months
[Corrected: 1:15 pm, see below] Earth Class Mail was built on the notion that businesses which receive a lot of important documents through old fashioned snail mail may benefit from the services it has to offer. The Seattle-based company, founded in 2004 by former head and board chairman, Ron Wiener, develops software that digitizes incoming … Continue reading “Earth Class Mail CEO Sarah Carr on the Revamped Business Model and What Had to Change in Her First 10 Months”
Greenplum Purchase Gets EMC into the Big Data Game
[Corrected July 8, 2010, 10:20 a.m.; see below] Boston is already a powerhouse in “big data.” It’s home to companies like Netezza, Dataupia, Vertica, and Lightwolf Technologies, which all help enterprises manage and mine the huge databases used in business intelligence applications. It was the site of the first “Boston Big Data Summit” last fall. … Continue reading “Greenplum Purchase Gets EMC into the Big Data Game”
Bio2 Technologies Garners $1,100,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2cf188f8-217d-47c6-b390-b04c8525cfeb&Preview=1 Date 7/7/2010 Company Name Bio2 Technologies Mailing Address 12-R Cabot Road Woburn, MA 01801 Company Description Bio2 is a medical device company developing and commercializing novel tissue engineering scaffolds for orthopedic applications. Bio2’s core technology, called cross-linked microstructure or CLM™, allows Bio2 to engineer and control pore morphology along with the … Continue reading “Bio2 Technologies Garners $1,100,000 New Funding Round”
ThredUP Secures $1,400,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=72dbb35c-d419-4a54-b754-bc724f2d61a6&Preview=1 Date 7/7/2010 Company Name ThredUP Mailing Address 2 Canal Park Cambridge, MA 02141 Company Description We started thredUP in January, 2009 mainly because as football loving, bike riding, beer drinking men we couldn’t be caught dead at a clothing swap. That, and the whole absurdly inefficient $2B used clothing industry felt … Continue reading “ThredUP Secures $1,400,000 New Financing”
Excelimmune Receives $4,500,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=597cee46-81e9-4f6e-ace3-be76f3fbe30f&Preview=1 Date 7/7/2010 Company Name Excelimmune Mailing Address 12-B Cabot Road Woburn, MA 01801 Company Description Excelimmune Inc., based in Cambridge, is a biotechnology company developing therapuetic applications of human recombinant polyclonal antibodies. Website http://www.excelimmune.com Transaction Type Venture Equity Transaction Amount $4,500,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. … Continue reading “Excelimmune Receives $4,500,000 New Funding”
Uptake Medical Corp Obtains $17,500,000 Series B Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d9e6303f-4291-4e19-ae64-e67d6614497c&Preview=1 Date 7/7/2010 Company Name Uptake Medical Corp Mailing Address 1924 1st Avenue 3rd Floor Seattle, WA 98101 Company Description Uptake Medical Corporation is a Seattle-based medical device company dedicated to improving the lives of patients suffering from emphysema and other types of chronic obstructive pulmonary diseases (COPD). Website http://www.uptakemedical.com/ Transaction Type … Continue reading “Uptake Medical Corp Obtains $17,500,000 Series B Round”
Local.com Garners $1,500,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=91d988b4-5e46-4aec-ba32-77e12db41419&Preview=1 Date 7/7/2010 Company Name Local.com Mailing Address One Technology Drive Building G Irvine, CA 92618 Company Description Local.com (NASDAQ: LOCM) is a leading local search engine and the largest local search network in the United States. The company provides over 19 million consumers each month with the most relevant search results … Continue reading “Local.com Garners $1,500,000 New Round”
Alcon Acquires LenSx Lasers for $744,000,000
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7f5fac20-2841-4f13-896e-ebc39f68ab7b&Preview=1 Date 7/7/2010 Company Name LenSx Lasers Mailing Address 33 Journey Aliso Viejo, CA 92656 Company Description The company develops next generation laser technology that is used in eye surgery. Website http://www.lensxlasers.com Transaction Type M&A Transaction Amount $744,000,000 Transaction Round Proceeds Purposes M&A Terms Alcon will pay US $361.5 million in cash … Continue reading “Alcon Acquires LenSx Lasers for $744,000,000”
Qewz Receives $174,999 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1b64d858-b900-4fd6-a5bd-99742d00150b&Preview=1 Date 7/7/2010 Company Name Qewz Mailing Address Undisclosed San Francisco, CA 94105 Company Description Qewz highlights articles that represent competing and contrasting perspectives on major news events. Website http://www.qewz.com Transaction Type Venture Equity Transaction Amount $174,999 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Undisclosed
Synchronoss Technologies Acquires FusionOne for $75,000,000
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0767485b-af41-4826-9d51-dc7bf33aca6e&Preview=1 Date 7/7/2010 Company Name FusionOne Mailing Address 55 Almaden Blvd. 5th Floor San Jose, CA 95113 Company Description FusionOne’s products and services enable mobile phone users to enhance their productivity while safeguarding personal data. Website http://www.fusionone.com Transaction Type M&A Transaction Amount $75,000,000 Transaction Round Proceeds Purposes M&A Terms The deal includes … Continue reading “Synchronoss Technologies Acquires FusionOne for $75,000,000”
Mall Networks Receives $6,550,001 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=29767fb3-b61e-48eb-b27e-9db9395d3cbc&Preview=1 Date 7/7/2010 Company Name Mall Networks Mailing Address One Cranberry Hill Lexington, MA 02421 Company Description Mall Networks uses the power of affiliate networks to build shopping portals tailor-made for affinity organizations such as school districts, non-profits, sports teams, and consumer associations. With more than 350 of the most trusted online … Continue reading “Mall Networks Receives $6,550,001 New Funding”
CoverMyMeds Receives $250,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=31c4bc98-b99d-4957-acc1-02be77e8ba45&Preview=1 Date 7/7/2010 Company Name CoverMyMeds Mailing Address 10574 Ravenna Rd. Twinsburg, OH 44087 Company Description CoverMyMeds helps physicians and pharmacists complete Prior Authorization and other insurance coverage determination forms for any drug and almost all drug plans. Website http://www.covermymeds.com Transaction Type Venture Equity Transaction Amount $250,000 Transaction Round Undisclosed Proceeds Purposes … Continue reading “CoverMyMeds Receives $250,000 New Financing”
Echogen Receives $100,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=554b887a-44da-4f30-9a57-22d5e292c629&Preview=1 Date 7/7/2010 Company Name Echogen Mailing Address 405 S. High St. Akron, OH 44311 Company Description Echogen Power Systems, a private company based in Akron, Ohio is commercializing waste heat to power with a proprietary system. Since its founding in April, 2007, Echogen has developed a breakthrough power generation cycle called … Continue reading “Echogen Receives $100,000 New Funding”
Calithera Biosciences Receives $40,000,000 Series A Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e190caed-643d-451a-8f5d-024e13a44d12&Preview=1 Date 7/7/2010 Company Name Calithera Biosciences Mailing Address Undisclosed San Francisco, CA 94100 Company Description The company is developing a new class of anticancer therapeutics based on activation of caspases. Website Undisclosed Transaction Type Venture Equity Transaction Amount $40,000,000 Transaction Round Series A Proceeds Purposes Specific proceeds purposes were not disclosed. … Continue reading “Calithera Biosciences Receives $40,000,000 Series A Round”
DFINE Garners $36,200,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f2003073-77b9-4bc2-9a86-24582c6a5798&Preview=1 Date 7/7/2010 Company Name DFINE Mailing Address 3047 Orchard Parkway San Jose, CA 95134 Company Description The company develops electrosurgical systems for treating tissue. Website http://www.dfineinc.com Transaction Type Venture Equity Transaction Amount $36,200,000 Transaction Round Undisclosed Proceeds Purposes This funding will enable us to put additional resources in the field to … Continue reading “DFINE Garners $36,200,000 New Financing”
Applied MicroStructures Secures $2,250,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f25f016a-b787-42a5-99a0-9bbb7d7f3811&Preview=1 Date 7/7/2010 Company Name Applied MicroStructures Mailing Address 1020 Rincon Circle San Jose, CA 95131 Company Description AMST created and developed Molecular Vapor Deposition (MVD™): a breakthrough proprietary nanotechnology that enables the growth of ultra-thin films with a wide range of functionalities. These films are deposited in a vacuum chamber at … Continue reading “Applied MicroStructures Secures $2,250,000 New Financing Round”
Crescendo Bioscience Secures $37,600,004 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3db41c44-498a-40d3-9820-c3d9d4a6842c&Preview=1 Date 7/7/2010 Company Name Crescendo Bioscience Mailing Address 341 Oyster Point Blvd South San Francisco, CA 94080 Company Description Crescendo Bioscience is developing a broad range of quantitative, objective diagnostic tools to provide Rheumatologists with deeper clinical insights to more effectively manage patients with autoimmune and inflammatory diseases. Website http://www.crescendobio.com Transaction … Continue reading “Crescendo Bioscience Secures $37,600,004 New Funding”
Boeing Acquires Narus for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4587101d-02a6-4b25-abb4-68450144427a&Preview=1 Date 7/7/2010 Company Name Narus Mailing Address 570 Maude Court Sunnyvale, CA 94085 Company Description With its patented technology and processes, Narus helps customers like AT&T, Brasil Telecom, Korea Telecom, KDDI, Telecom Egypt, Saudi Telecom, France Telecom and T-Mobile in areas of network security, traffic classification and monitoring. Website http://www.narus.com Transaction … Continue reading “Boeing Acquires Narus for Undisclosed Sum”
AdSafe Media Garners $7,250,000 Series B Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=97edb0a7-b7c9-40cb-8e09-56d1deb43d94&Preview=1 Date 7/7/2010 Company Name AdSafe Media Mailing Address 160 Mercer St. New York, NY 10012 Company Description AdSafe is the industry leader in online brand protection and risk management. Our Rating System provides an independent, third-party content rating and certification platform to help standardize and better control the online advertising ecosystem. … Continue reading “AdSafe Media Garners $7,250,000 Series B Round”
XGraph Secures $3,750,000 Series A Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8c6cbdf2-08fb-4a75-ab82-a359d1496bdc&Preview=1 Date 7/7/2010 Company Name XGraph Mailing Address 708 3rd Ave. New York, NY 10017 Company Description XGraph provides Audience Buyers and Sellers with Connected Audience Marketing solutions that identify and target high-value custom audiences who share similar lifestyles, values, and purchasing habits. Website http://www.XGraph.com Transaction Type Venture Equity Transaction Amount $3,750,000 … Continue reading “XGraph Secures $3,750,000 Series A Round”
Washington Health Foundation Health 3.0 Summit
The Washington Health Foundation is holding the Health 3.0 Summit on November 3 and 4 at the Bell Harbor Conference Center in Seattle. The theme for the first day will be “A Convergence of People, Vision and Design.” The second day will focus on “Healthiest State Legislative Conference.” Cost is $250 per day or $500 … Continue reading “Washington Health Foundation Health 3.0 Summit”
EMC Buys Greenplum
Hopkinton, MA-based EMC (NYSE:[[ticker:EMC]]) announced today that it will acquire Greenplum, a San Mateo, CA-based maker of massively parallel database software for corporate data warehousing and analytics. The size of the all-cash transaction was not disclosed. EMC said Bill Cook, CEO of seven-year-old Greenplum, will head a new data computing product division within the company’s … Continue reading “EMC Buys Greenplum”
NWEN Breakfast Buzz: Game On
Info and registration here. Let’s face it – another business networking event in the heat of summer (come on, heat) just isn’t that appealing. You’d really rather be gaming. At NWEN we feel your pain – and so we’ve combined the best of both worlds for our next breakfast. Our festive topic is the phenomenon … Continue reading “NWEN Breakfast Buzz: Game On”
UC4 Hires Jason Liu as CEO
Global automation software developer UC4, which has its U.S. headquarters in Bellevue, WA, said today it has appointed Jason Liu as its new chief executive officer. Liu has a background in software, mobile and cloud systems management, and has served as CEO to several companies, including Callisto Software, Intrinsic Technologies and most recently, Univa UD. … Continue reading “UC4 Hires Jason Liu as CEO”
Qualcomm CEO Points to Wellness and Chronic Care Management as Big Opportunities in Mobile Health
Like most advances in the life sciences, ensuring reimbursement by medical insurance providers and getting new wireless devices through the government regulatory process will be crucial barriers for the emerging wireless health sector to overcome, according to Qualcomm chairman and CEO Paul Jacobs. Jacobs, who was key to organizing a mobile health summit held in … Continue reading “Qualcomm CEO Points to Wellness and Chronic Care Management as Big Opportunities in Mobile Health”
Lockerz.com Raises Cash From Kleiner Perkins for Social Commerce Site
Seattle-based startup Lockerz is a new kind of social networking service—an invitation-only social commerce site where the ultimate goal is for members to earn rewards for their online interaction. Through the site, members collect points redeemable for discounts on brand name products by connecting with friends, watching videos, shopping online, and otherwise engaging in the … Continue reading “Lockerz.com Raises Cash From Kleiner Perkins for Social Commerce Site”
$25M Stock Sale for Beacon Power
Beacon Power, a Tyngsboro, MA-based flywheel energy storage company, announced an agreement to sell up to $25 million worth of its common stock to Aspire Capital Fund over a 26-month term, starting July 2. Chicago-based Aspire Capital has already purchased about 1.5 million shares of Beacon Power (NASDAQ: [[ticker:BCON]]) stock for $500,000. Under the stock sale … Continue reading “$25M Stock Sale for Beacon Power”
Venrock Raises $350M Fund
Venture capital firm Venrock, which has offices in Silicon Valley, Cambridge, MA, New York, and Israel, announced today it has closed a new $350 million fund that will be focused on early-stage technology, healthcare, and energy companies. This is the firm’s sixth venture fund, and it follows a $600 million fund raised in 2007. Venrock … Continue reading “Venrock Raises $350M Fund”