REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS
Microvi Biotech, an environmental biotechnology company that develops, manufactures, and commercializes innovative technologies for unmet needs in clean water and energy, announced the completion of its first round of equity financing. The specific terms of the financing were not disclosed. In a statement, Union City-based Microvi said it plans to use the proceeds to expand […]
LDC, the private equity arm of the Lloyds Banking Group, backed 1st – The Exchange, a provider of technology and e-commerce solutions to the financial services sector. As part of a £115m transaction, LDC has invested £42m to purchase a controlling stake in the company, from Vertex, the UK’s second largest provider of outsourced business […]
Gloucester Pharmaceuticals raised $29m in a Series D financing led by new investor Novo Ventures and included current investors Apple Tree Partners, ProQuest Investments, Prospect Venture Partners and Rho Ventures.The proceeds will be used to support the ongoing development of romidepsin, a novel histone deacetylase (HDAC) inhibitor for the treatment of T-cell lymphomas and other […]
Tremor Media, the largest online video advertising network, secured an investment from SAP Ventures, a division of SAP AG. According to a Tremor Media statement, the investment will enable the company to increase its video product development efforts to provide deeper technology solutions for both publishers and advertisers in both the US and Europe. According […]
ProFibrix, a Netherlands-based developer of innovative products for hemostasis and regenerative medicine, closed a $11m series B investment in an operation led by new investor Gilde Healthcare Partners, an European life sciences investor and existing Index Ventures. ProFibrix, founded in 2004 and headquartered in Leiden, The Netherlands, with a subsidiary in Seattle, USA, will apply […]
Dr. Tom O’Neal, executive director of the University of Central Florida (UCF) Business Incubation Program, spoke about the new Business, Technology and Research Center under construction at Stevens Plantation in St. Cloud in order to accelerate new business startups with guidance, advice and business skills. According to O’Neal, “New businesses that start here in Osceola […]
Cadent,the provider of 3-D digital solutions for the orthodontic and dental industries, completed a $15m round of financing led by new investor Fortissimo Capital. Proceeds will be used to accelerate the expansion of the company in North America and the launch of new products in Europe and in the USA. The company is also backed […]
Entrepreneurs aged 50 and older were responsible for over a quarter of the companies set up in the UK in recent years, a new study published by the National Endowment for Science, Technology and the Arts (NESTA) reveals. According to the report, entrepreneurs aged 50 -65 years, created 27% of successful start ups in the […]
Three not-for-profit organisations will share nearly £425,000 obtained from the £6m Third Sector Capacity Fund. The fund, created by the regional development agency One North East, is a four year project having the target to help organisations to develop innovative ways of assisting people into work, deliver regeneration and boost the third sector’s sustainability and […]
National Endowment for Science, Technology and the Arts (NESTA), the UK’s innovation body, will manage a programme in Greater Manchester offering small businesses creative support to help them to become more profitable. NESTA, Manchester City Council, the Economic and Social Research Council, the Northwest Regional Development Agency and the Arts and Humanities Research Council are […]
Pittsburgh-based Plextronics completed a $14m Series B-1 financing round led by Solvay North American Investments, a member of the Solvay Group, an international chemical and pharmaceutical group headquartered in Brussels, Belgium. Plextronics is an international technology company that specializes in printed solar, lighting and other organic electronics. The company’s focus is on organic light emitting […]
Seattle-based TUUSSO Energy completed a $2m Series A financing round to fund early-stage development of utility-scale solar projects in the Western United States. The investment round was led by Pivotal Investments, a clean technology focused venture capital firm based in Portland, Ore, and Akula Energy Ventures, which will be co-investing directly in the company’s development […]
With an injection of $50m for loans and $24m for technical assistance from the American Recovery and Reinvestment Act, the U.S. Small Business Administration (SBA) is expanding its Microloan program and increasing access to capital for small businesses across the country. SBA’s Microloan Program provides a source of capital for entrepreneurs, including women, low-income individuals […]
Vertical Wind Energy (VWE), a Northern Ireland-based wind power firm, obtained £1.2m of funding by venture capital firm NorthStar Equity Investors (NSEI), Clarendon Fund Managers and a local angel syndicate represented by Tiger Corporate Finance. The firm, which makes small wind turbines to power homes and businesses, is looking to increase its North East presence, […]
Complete Genomics, a Mountain View-based human genome sequencing company, raised $45m in private equity financing and closed its Series D funding round. Two new investors, Essex Woodlands Health Ventures and OrbiMed Advisors add to existing investors Enterprise Partners Venture Capital, OVP Venture Partners, Prospect Venture Partners and Highland Capital Management, which reinvested in the company. […]