UK

Yorvale, a York, UK-based ice cream maker, has received a £94,000 Rural Development Programme for England (RDPE) grant from the Regional Development Agency Yorkshire Forward. The grant allowed the company, which was founded in 1989 and now employs a team of seven, to begin work on a 400m2 extension of its facilities at Acaster Malbis […]

USA

Albany, NY-based Momentive Performance Materials will receive $4.5m in funding from the U.S. Department of Energy (DOE). The funds will be used to continue the development of breakthrough technology for the low cost production of light emitting diodes (LEDs) used in solid state lighting (SSL) and for increased LED light source performance. As stated by […]

JapanMergers and AcquisitionsUSA

On Friday October 23rd, NTT Communications Corporation (NTT Com) successfully completed the acquisition of 100% of Pacific Crossing Limited, the operator of the 21,000km trans-Pacific undersea cable network, PC-1. NTT Com is the wholly-owned subsidiary of Nippon Telegraph and Telephone Corporation, one of the world’s largest telecoms with listings on the Tokyo, London and New […]

USA

Small businesses have played, play and will play an important role in the nation’s economic future, the Office of Advocacy’s Small Business Profile for the United States relveals. The Office, an independent voice for small business within the federal government, released details about small business employment, business starts and closings, bank lending in 2008, the […]

USAventure capital

Newport, Kentucky-based Xanodyne Pharmaceuticals, Inc., a pharmaceutical company with both development and commercial capabilities focused on women’s healthcare and pain management, completed a $50m in equity financing. The round was led by Longitude Capital with participation from new investors Skandia and Silver Point Capital. Current investors that participated in the financing include MPM Capital, LLC, […]

USAventure capital

Data Robotics, Inc. a Santa Clara, CA-based developer of automated data storage products, has closed a $10m Series E financing round led by Focus Ventures, with participation from existing investors Greylock Partners, New Enterprise Associates (NEA), RRE Ventures, and Sutter Hill Ventures. The company will use the funds to accelerate research and development programs and […]

UKventure capital

Lein Applied Diagnostics Limited, a Reading, Berkshire, UK developer of non-invasive optical measurement technology, has raised £1m from the the UMIP Premier Fund, managed by MTI, and the National Endowment for Science, Technology and the Arts (NESTA). Now, Lein has allowed a window of 30 days for a number of business angels to invest alongside […]

USAventure capital

San Mateo, CA-based SnapLogic, a provider of a data integration platform, has closed a $2.3m Series A round of venture capital financing. Investors include Andreessen Horowitz, Maples Investments, Google engineering vice president Brian McClendon, and Vast chairman and Epinions co-founder Naval Ravikant. The proceeds will be used to continue development of the company’s DataFlow platform […]

USAventure capital

Cambridge, MA-based Virdante Pharmaceuticals, a developer of drugs for autoimmune and inflammatory diseases, announced the closing of a new financing, which brings the total amount raised since January 2008 to $47.75m. This extension of its Series A financing was led by Thomas, McNerney & Partners with participation by Osage Partners and previous investors Clarus Ventures, […]