REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS
Oxagen Limited, a Milton Park, UK-based drug discovery and development company specializing in inflammation, completed a £16m ($26.7m) Series C round led by Novartis Venture Funds. Existing investors including MPM Capital, SV Life Sciences, Advent Ventures, Bessemer Venture Partners, Omega, Abingworth, IBT, Red Abbey and The Wellcome Trust, participated in the round. The proceeds will […]
The European Bank for Reconstruction and Development (EBRD) is set to acquire a 11.75% equity stake in Promsvyazbank, a Russian locally-owned private bank. In addition, the EBRD plans to pay 4.6bn roubles to subscribe to a recent issue of ordinary voting shares. The transaction, which is subject to regulatory approval, would give the EBRD and […]
According to reports, Milan, Italy-based Wissenlux Srl, a developer and provider of LED based lighting products, has received un investment of an undisclosed amount from Valore SpA, a venture capital firm. Il Corriere della Sera reported Gianemilio Osculati, founder and Chairman of Valore, as saying: “We believe in the potential of this company, which can […]
ROAM Data, Inc., a Boston, MA-based Mobile Application Service Provider, has completed a $6.5m equity financing. The round was led by Ingenico Ventures, the investment vehicle of the global payment solutions provider Ingenico SAS. Other investors include payment industry icon George Wallner, founder and former CEO of Hypercom. Roam provides a single development platform that […]
WinBuyer, a provider of Onsite Comparative Pricing (OCP) solutions implemented by more than 200 online merchants in the US and UK, announced the completion of a $6.9m first round of financing. The round was led by Pitango Venture Capital alongside Giza Venture Capital. In conjunction with the deal, Isaac Hillel, Pitango Managing Partner and Ori […]
Italian-based asset management firm Ambienta SGR has announced that Ambienta I, the largest European private equity fund focused on the environmental sector, has made a € 2.5m invested to acquire a 51% stake in Alpin Pellet S.A.S. The company is a spinoff from Savoie Pan S.A., a French company headquartered in Tournon (Savois) active in […]
Receptos, Inc., a San Diego, CA-based drug discovery and development company, completed a two-tranche $25m Series A financing. Investors include ARCH Venture Partners, Flagship Ventures, Lilly Ventures and Venrock. Receptos utilizes G protein-coupled receptor (GPCR) technology to facilitate information-driven drug design for developing drugs. The funds will support the company’s sphingosine-1-phosphate receptor 1 (S1P1) clinical […]
Sun Catalytix Corporation, a Cambridge, MA-based distributed energy storage company, has received a third tranche of a seed financing from Polaris Venture Partners. According to Amir Nashat, general partner at Polaris and Sun Catalytix founding CEO, “This investment supports the development of technology that will make affordable, renewable energy a reality”. The company has licensed […]
SantoSolve AS, a Olso, Norway-based biotech company that develops targeted pain therapeutics, based on a novel class of active ingredients, raised $5.5m in equity financing. Investors include Scandinavian Venture capitalists such as Teknoinvest, InnovationsKapital and Investinor. Founded in 2002, SantoSolve develops topical analgesic products based on non-radioactive strontium as the active substance. Its flagship product, […]
An additional £2m grant to help small businesses from the East of England access free practical support so that they can develop their ICT skills, reduce their carbon footprint and cut their energy costs. The European Regional Development Fund (ERDF), which is mananged by the East of England Development Agency (EEDA), has provided the additional […]
The European Investment Fund (EIF) and Norwegian Cultura Sparebank signed a guarantee agreement aimed to provide enhanced access to finance for micro businesses in the country. Cultura Sparebank, a Savings Bank with a specific mission to promote projects with a social, environmental and cultural qualities, grants loans in collaboration with Network Credit Norway – a […]
Keating Capital, Inc. has entered into a letter of intent to lead a pre-public round of financing to Industriaplex, Inc., a provider of outsourced supply chain management solutions to small and medium enterprises in the US and across the globe. Founded in 1999, Alpharetta, Georgia-based Industriaplex provides its customers with commercial products such as material […]
Paris-based Edmond de Rothschild Investment Partners announced the final closing of its Winch Capital 2 development capital fund for €250m. In making the announcement, Pierre-Michel Passy, chairman of the investment firm, said: “We were targeting a second closing around €200m. In only 4 months, we went above the hard cap of €250m”. On June 30, […]
The Federation of Small Businesses (FSB) has opened its £500,000 Disaster Recovery Fund for its members in Scotland, Lancashire and Cumbria and the North East of England, which have been adversely affected by recent heavy rain and flooding. The FSB, one of the UK’s leading business organisations with over 215,000 members, is providing loans of […]
DigitalBridge Communications Corp. (DBC), a Ashburn, VA-based operator of WiMAX 4G broadband networks, has completed an additional round of equity financing. The funding include investment from Schurz Communications, which operates two cable systems offering high-speed data services, eleven daily newspapers, ten TV stations, thirteen radio stations, and twenty-five highly-visited news and information websites. The deal […]