REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS
Longwood Founders Management, LLC, a healthcare venture capital firm, closed its first fund at $85m. Investors in Longwood Founders Fund, L.P. include GlaxoSmithKline, Genzyme, and several institutional investors. Managed by partners Rich Aldrich, Michelle Dipp, MD, PhD, and Christoph Westphal, MD, PhD, the fund focuses on founding, managing, and building biotechnology companies with innovative science […]
TekTrak, a Los Angeles, CA-based iPhone Tracking Service Provider, has raised seed funding of undisclosed amount from venture capital firms and business angels. Investors in the round include Cyan and Scott Banister, Kima Ventures (Xavier Niel and Jeremie Berrebi), Sergey Grishin, Wasabi Ventures (Chris Yeh and Tom Kuegler), PBWorks, BCITL Ventures (Dovi Frances), Barney Pell […]
Malwa International AB, a Skene, Sweden-based manufacturer of eco-friendly forestry machines, has received an equity investment of undisclosed amount from Almi-Invest. Jörgen Lillieroth, CEO and founder of TST Sweden AB, a supplier of Personal Protective Equipment, also participated in the funding. The company intends to use the proceeds from the investment to recruit new people […]
Money360.it S.p.A, a Cagliari, Italy-based online broker of retail financial and insurance products, recently received an equity investment of undisclosed amount. The investment was made by Vertis Sgr, via the Vertis Venture fund, which acquired a 55% stake in the company. Annapurna Ventures, led by Massimiliano Magrini, former CEO of Google Italia, also participated […]
TK Energi AS, a Køge, Denamark based company that designs, develops and produces advancer biomass and waste handling systems, has raised KRO15m from Vækstfonden. The company intends to use the funds to increase its sales efforts worldwide and establish a demonstration plant in Køge, where it has its headquarters and production facilities (6,000 m2). Led […]
Beat.no AS, a Mjømna, Norway-based IT company that operates an online music store, has received a NOK 4.8m seed financing. The round was led by Fjord Invest, with participation from shareholders and local investors. This funds, alongside the support from Innovasjon Norge, provide the company with the resources to continue to expand its service. Launched in […]
Applied Nano Surfaces, a Uppsala, Sweden-based company that has developed a new method for creating low-friction anti-wear coatings, has completed a €1.3m fundraising. New round was led by new investor Fouriertransform AB, with participation from existing investors the Sixth AP Fund, Första Entreprenörsfonden and Attentus Göteborg. The financing also includes a term loan from the […]
Funds advised by DPE Deutsche Private Equity GmbH have established DID Industriedienstleistungen Holding GmbH (DID), a Düsseldorf, Germany-based temporary staffing provider for qualified human resources services. The new company, which plans to grow organically and through a targeted buy‐and‐build strategy, currently employs around 500 people. It opened nine offices across Germany in the last quarter […]
Zumbox, a Westlake Village, CA-based provider of a platform for paperless postal systems, has received $9.7m in financing, according to a regulatory filing with SEC. The company, which had closed an $8m Series A funding in August 2009, has created a web-based platform for the delivery of paperless mail. It is designed to connect large […]
Moblyng, a Redwood City, CA-based publisher and developer of HTML5 games for mobile devices and social networks, has raised nearly $7.5m in funding, according to a regulatory filing with SEC. According to the filing, the proceeds from the equity financing will be used for general working capital. Led by founder and CEO Stewart Putney, the […]
Neograft Technologies, Inc., a Pittsburgh, PA-based developer of medical devices that treat coronary artery disease, has raised $3m in equity financing. According to a filing with the S.E.C., the investment was made by 5 backers. Led by CEO David Wagner, NeoGraft is currently developing its first product, Angioshield®, a new device to be used for […]
Limerick BioPharma, a South San Francisco, CA-based developer of innovative therapies that help cells pump unwanted or toxic substances away from vulnerable tissues, has raised $3,585,000 in debt and equity financing according to a SEC regulatory filing. In July 2009, the company had completed a $15m Series C financing with OVP Venture Partners, ARCH Venture […]
Bonovo Orthopedics, Inc., a Scottsdale, Arizona-based provider of orthopedic products to the Chinese healthcare market, closed a US$10m Series C financing. The round, which brings the total capital raised by the company to US$16.5m, was led by OrbiMed Asia Partners, with participation from Legend Capital and Bonovo’s existing shareholders. The company intends to use the […]
Zoopla.co.uk, a London, UK-based property search and information website, raised £3.25m in new funding. The funding consists of £1.75m of new equity finance from existing shareholders, led by Atlas Venture and Octopus, and a £1.5m debt facility from Silicon Valley Bank. Created three years ago and led by Founder and CEO Alex Chesterman, the company […]
Ecopol S.p.A., a Capannori (Lucca), Italy-based company that produces and commercializes water-soluble and biodegradable products, has received a €500,000 venture capital investment from Toscana Innovazione. Through the transaction, Toscana Innovazione, a €44m venture capital fund managed by S.I.C.I., has acquired a 30% stake in the company. Founded in 2009 by a group of professionals in […]