December 2011

Daktari Diagnostics Raises $10M in Financing

December 30, 2011

Daktari Diagnostics Inc., a Cambridge, Mass.-based developer of point-of-care diagnostic systems for global health applications, has raised $10m in financing. The round was led by Merck Global Health Innovation Fund, with participation from current investors Norwich Ventures and the Partners Innovation Fund. The company intends to use the funds to complete development and bring to [...]

Cool Planet BioFuels Closes Series C Funding

December 30, 2011

Cool Planet BioFuels, Inc. a Camarillo, CA-based developer of a bio based renewable, reduced carbon gasoline that can be blended with conventional gasoline and used in today’s vehicles, has closed its Series C funding. The round was led by Shea Ventures, with participation from BP Technology Ventures, and existing investors General Electric, Google Ventures, ConocoPhillips, [...]

Clear Catheter Systems Closes $4m First Funding Round

December 30, 2011

Clear Catheter Systems, Inc., a Bend, Oregon-based developer of medical devices used in post surgical recovery, has closed its $4m first institutional round of financing. The round was co-led by Aphelion Capital and California Technology Ventures, with participation from Research Corporation Technologies. In conjunction with the funding, Ned Scheetz, of Aphelion Capital and Alex Suh, [...]

Scope 5 Raises First Funding from Angel Investors

December 30, 2011

Scope 5, a Seattle, WA-based provider of sustainability management software service, raised its first external funding of undisclosed amount from a group of angel investors. The company intends to use the funds to expand sales and product development efforts. Led by co-founder and CEO Yoram Bernet, Scope 5 provides web-hosted software service that helps a [...]

Cibando Raises Seed Funding

December 30, 2011

Cibando, an Italian developer of an iPhone app for finding restaurants, has raised an undisclosed amount of seed funding. The round was led by German Point Nine Capital, with participation from angel investor and entrepreneur Fabio Pezzotti. The company intends to use the funding to grow and further expand its service to new restaurant owners. [...]

Apax Partners to Acquire Orange Switzerland for €1.6BN

December 29, 2011

Funds advised by Apax Partners are to acquire 100% of mobile phone operator Orange Switzerland from France Telecom Orange for approximately CHF2bn (€1.6bn). The transaction, which is still subject to the approval of the Swiss competition authorities, will be submitted to France Telecom’s Board of Directors for approval during January 2012. Orange Switzerland has about [...]

PharmacoFore Raises $10M in Funding from Founders Fund

December 29, 2011

PharmacoFore, a San Carlos, CA-based biopharmaceutical company, has raised $10m in equity funding from Founders Fund. The company intends to use the new capital to advance its pipeline (read here) to regulatory approval and commercialization. Led by CEO Wes Sterman, PharmacoFore uses innovative synthetic organic chemistry to create novel medicines for treating a variety of [...]

3i Makes US$55M Investment in Blue Interactive Group

December 29, 2011

Global private equity firm 3i is to make an R$100m (approximately US$55m) minority investment in Blue Interactive Group, a Brazilian cable TV and broadband provider. Formed by CEO Silvia de Jesus, Marcelo Lacerda and Sérgio Pretto in 2009 as an acquisition platform in the pay TV and broadband markets, the company is currently present in 9 Brazilian states and [...]

Fondo Italiano di Investimento Makes Two Indirect Investments

December 29, 2011

Fondo Italiano di Investimento has recently invested in two funds. The first commitment is in investment firm NEIP III SpA, advised by Finint & Partners Srl, which focuses on investing in family businesses, mainly SMEs, operating in the North-East of the country (Emilia Romagna, Veneto, Friuli-Venezia Giulia, and Trentino-Alto Adige regions). The second commitment is [...]

Elco Receives €5M Equity Investment from Fondo Italiano di Investimento

December 29, 2011

Elco SpA, a Carsoli, Aquila, Italy-based a manufacturer of printed circuits for electronci systems, has received a €5m equity investment from Fondo Italiano di Investimento. Fondo Italiano is acquiring a minority stake in the company. Elco intends to use the proceeds to grow organically, with the development of its European facilities, and through acquistions of [...]

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