January 2010

UK, Martingale Raises “Substantial” Angel Funding to Accelerate Growth of Toy Collector

January 29, 2010

Martingale Internet Technologies, a London, UK-based operator of online collectible marketplaces, has raised “substantial” funding from a number of eCommerce business angel investors. According to the company, the funding will be used to accelerate growth of Toy Collector, Martingale’s first marketplace, and to close an agreed acquisition. Commenting on the funding, Robert Dighero, Chairman of [...]

Belgium, Pronota Receives €1.4M Grant to Validate and Develop Novel Cardiovascular Biomarkers

January 29, 2010

Pronota NV, a Ghent, Belgium-based protein biomarker diagnostics company, has been awarded a €1.4m grant from IWT (the Institute for the Promotion of Innovation by Science and Technology in Flanders) to further validate and develop novel biomarkers for the management of heart failure. The grant will be used to validate and biologically characterize in great [...]

The Netherlands, Merus Closes €21.7M Series B Financing

January 29, 2010

Merus, a Utrecht, The Netherlands-based biopharmaceutical company developing a pipeline of human therapeutic antibodies, completed its €21.7m (approximately $30.7m) Series B financing. The round was led by new investors LSP (Life Sciences Partners), Novartis Option Fund, Pfizer Inc. and Bay City Capital, with participation from seed investor Aglaia Oncology Fund. Merus plans to use the [...]

Flexion Therapeutics Closes $42M Series A Funding and Three in-licensing Deals

January 29, 2010

Flexion Therapeutics, aWoburn, MA-based developer of drug candidates through clinically meaningful proof of concept and beyond, has received an equity financing from Pfizer Venture Investments which allowed the company to close its $42m Series A financing round. The investment follow the completion in October 2009 of an initial Series A funding round of $33m from [...]

Austria, Venture-Backed Cycleenergy Acquires Bioenergie Gaishorn

January 29, 2010

After securing €10m of equity funds with the Portuguese Infrastructure Funds NEF, Cycleenergy Beteiligungs- und Management AG, a biomass power plant developer and operator in Austria, doubled its capacity through the acquisition of Bioenergie Gaishorn GmbH in the last days of 2009. The Gaishorn biomass power plant is one of the largest power plants in [...]

EIB Lends €327M to Banca Agrileasing to Support Italian SMEs

January 29, 2010

The European Investment Bank (EIB) has signed an agreement with Banca Agrileasing, a member of the Istituto centrale delle Casse rurali e artigiane (ICCREA) Group, for a loan totalling €327m for Italian small and medium-sized enterprises (SMEs). Under the loan, which was set up as a structured securitisation operation via ICCREA Banca, projects of up [...]

UK, CableSense Receives £213,000 Grant for Research and Development

January 29, 2010

CableSense Ltd, a Lancaster, UK-based hi-tech start-up, has been awarded a £213K Grant for Research and Development by the Northwest Regional Development Agency (NWDA). The award follows a £500K equity investment the company received from North West technology investment specialists, MTI Partners, through the UMIP Premier Fund (UPF). CableSense, which has developed an innovative new [...]

Canada, Beyond the Rack Raises $2M in Equity Financing

January 28, 2010

Beyond the Rack, a Montreal, Canada-based operator of private sale shopping club Web sites, serving members throughout the United States, Canada, and other countries around the world, closed a USD$2m equity financing. The round was led by European Internet entrepreneurs Oleg Tscheltzoff and Oliver Jung, as well as Montreal-based venture fund Montreal Start Up. The [...]

Yelp Receives 25M Series E Investment from Elevation Partners

January 28, 2010

Yelp, a San Francisco, CA-based operator of a Web site that connects people with local businesses, announced that private equity firm Elevation Partners has agreed to make a $25m investment in the company through the purchase of Series E preferred stock. According to a press release, Elevation Partners will also seek to increase its total [...]

UK, Microvisk Raises £2M in New Round of Funding

January 28, 2010

Microvisk Technologies Ltd, a St. Asaph Business Park, Wales-based developer of a patented technology for point-of-care monitoring of blood coagulation for patients taking the drug Warfarin, has raised £2m in a new round funding. Investors in the round include Oxford Technology Management, Finance Wales, New Hill (Boston, USA), Rainbow Seed Fund, Advantage Growth Fund and [...]

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