June 2010

The Higher Gear Group Receives Investment from H.I.G. Capital

June 29, 2010

The Higher Gear Group, a Schaumburg, Illinois-based provider of customer relationship management (CRM) software and related services to automotive dealers, received an investment of undisclosed amount from an affiliate of H.I.G. Capital, a global private investment firm. Founded in 1998 by industry veteran Robert C. Gruen, the company provides customers throughout the United States, Mexico [...]

Consert Raises $17.7M

June 29, 2010

Consert Inc., a Raleigh, N.C.-based smart grid technology provider, has raised $17.7m from Constellation Energy (NYSE:CEG), GE Energy Financial Services, a unit of GE (NYSE:GE), Qualcomm Incorporated (NASDAQ:QCOM), Verizon Ventures and other private investors. The funds will be used to fund strategic marketing, North American sales and enhancements of the company’s advanced smart grid software. [...]

Verari Technologies Receives “Significant” Investment and Appoints Marc Brown as President and CEO

June 29, 2010

Verari Technologies, a San Diego, CA-based developer of blade-based cloud computing and cloud storage platforms for conventional and containerized data centers, has received a “significant” investment. The proceeds from the investment will be used to bring its solutions to market while increasing R&D efforts. In conjunction with the financing, the company appointed Marc Brown, recently [...]

Geodelic raises $7M in Series B Equity Financing

June 29, 2010

Geodelic, a Santa Monica, CA-based mobile media platform, has raised $7m in a Series B equity financing. The investment was led by MK Capital, with participation from existing investors Clearstone Venture Partners and Shasta Ventures. Founded in 2008, the company has raised to date to over $10m. The Geodelic application, which enables users to automatically [...]

Karolinska Development and Kurma Biofund Sign Strategic Agreement to Identify Life Science Oppurtunities in Europe

June 29, 2010

Karolinska Development AB, a Solna, Sweden-based life science investor, and Kurma Biofund, a venture capital fund based in Paris, France, have entered into a strategic partnership. The purpose of the deal is to identify early stage co-investment opportunities in the life science sector in the Nordic region and other selected parts of Europe. Since its [...]

SV Life Sciences Closes $523M Venture Capital Fund

June 29, 2010

SV Life Sciences (SVLS), an international life sciences venture capital firm with offices in Boston, San Francisco and London, has held the final closing of its SV Life Sciences Fund V with total commitments of over $523m. Approximately 60% of capital commitments came from the United States and 40% from Europe and the rest of [...]

Verde Media Group to Acquire Equity Interest in Astrablu Media

June 29, 2010

Verde Media Group Inc. (OTCPK: HMIT), has signed a letter of intent to acquire an equity interest in Astrablu Media Inc., a Beverly Hills, California-based film and television production company that produces, develops and distributes films and television programming nationally and internationally. The company’s assets include a film library and a current slate of highly [...]

AqueSys Secures $35M in Series C Financing

June 29, 2010

AqueSys, Inc., an Irvine, California-based medical device company that develops, manufactures and distributes proprietary implants for glaucoma, has secured $35m in Series C financing. The round was led by Longitude Capital and Rho Ventures, with participation from existing investors Accuitive Medical Ventures, The Carlyle Group and SV Life Sciences. The AqueSys implant offers a 10-minute [...]

Mavenir Systems Raises $13.6M in Fourth Funding Round

June 29, 2010

Mavenir Systems, a Richardson, Texas-based provider of voice and messaging convergence solutions that enable mobile operators to offer new services by transforming their core network to power IP based mobile cloud services, has raised $13.6m in its fourth round of funding. Investors include North Bridge Venture Partners, Austin Ventures, Alloy Ventures, Greenspring Associates and Cisco.This [...]

Zymeworks Closes $3.2M Financing

June 29, 2010

Zymeworks Inc., a Vancouver (BC), Canada-based biotechnology company focused on the development of innovative antibody-based therapeutics, closed a $3.2m financing. The round consists of a follow-on institutional investment by CTI Life Sciences Fund, L.P. which led the company’s previous financing in 2009. Zymeworks will use the funds to advance its antibody-engineering platform, ZymeCAD™, and research [...]

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