REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS
Sofinnova Partners, a Paris, France-based venture capital firm, closed its sixth fund, Sofinnova Capital VI, raising €260m. Investors in Sofinnova Capital VI include CDC Entreprises, Industrial & Financial Investments Co., JP Morgan Asset Management, funds advised by Partners Group and Skandia Life Insurance Company. Sofinnova Capital VI already invested in eight start-ups and spinoffs, in […]
XIHA Life, a multilingual and multicultural social network based in Sunnyvale, California, Switzerland and Finland, has received $1m in seed funding. The round was led by Veraventure, with participation from international angel investors and the company founders. As stated by Jani Penttinen, XIHA Life co-founder and CEO, the new capital infusion will enable the company […]
Thermo Credit, LLC, a provider of financial services to the telecommunications industry has agreed a $4.5m funding to Access Point, Inc., a Cary, North Carolina-based business communications provider offering multiple services nationwide. Access Point, is a nationally certified Competitive Local Exchange Carrier (CLEC) to large and medium sized businesses and provides Local and Long Distance […]
Eribis Pharmaceuticals AB, an Uppsala, Sweden-based developer of novel drugs for the treatment of cardiovascular disorders, in particular acute myocardial ischemia, has received an undisclosed round of financing from Karolinska Development AB. Based on cardio-protective effects, Eribis’ candidate drug has the potential to become an important new therapy for treating acute coronary syndrome (ACS) and […]
Cornerstone Pharmaceuticals Inc., a clinical stage oncology-focused pharmaceutical company, closed its Series B-4 private equity financing of $6,175,000. The investment was led by Althea Partners. The company will use the proceeds for its on-going phase I/II clinical trials of its lead cancer drug, CPI-613, research and development, and general corporate purposes. CPI-613 is the lead […]
BlackFin Capital Partners, a Paris, France-based investment firm, announced the first closing of its BlackFin Financial Services Fund at €60m. Backers include French institutional investors and family offices. BlackFin Capital Partners will continue the fund raising activity to reach the final closing at €300m. The fund is focused on investing in Small and Medium Sized […]
ExteNet Systems, Inc., a Lisle, IL-based designer, builder and manager of distributed networks that provide carrier-class solutions to support indoor and outdoor connectivity for wireless service providers in the United States and Canada, closed a $128.4m round of equity financing. The round was led by SSP Offshore LLC, with partipation from SBA Communications Corporation, Centennial […]
MiLife, a London, Uk-based spin-out from Unilever Corporate Research (UCR) focused on providing health management technology solutions to address high-risk health conditions, including diabetes, high blood pressure, obesity, and raised cholesterol, has completed an additional funding of $4m. The new capital, which was provided by Unilever Ventures and New Venture Partners, will be used to […]
Cantab Biopharmaceuticals Limited, a Cambridge, UK-based biopharmaceutical company, has received a “significant” funding from Celtic Pharma Holdings Advisors LLP, via the fund Celtic Pharma Holdings II LP (CP2). Cantab, which is wholly owned by CP2, is focused on developing improved biological medicines (biosuperiors) designed to offer superior therapeutic efficacy and convenience over originator products. The […]
Comet Solutions, Inc., an Albuquerque, NM-based provider of software for fast concept modeling early in the product design cycle, closed a $2m series B round of funding. The round was led by Athenian Venture Partners, with participation from Tri-State Growth Capital Fund and Kentucky Co-Investment Partners. They join series A investors, which include Flywheel Ventures, […]
Unidesk, a Marlborough, MA-based developer of a virtual desktop management software, has secured $12m in Series B venture capital funding. The round was led by Series A investors Matrix Partners and North Bridge Venture Partners. According to a press release, the company will use the new funds “to continue its disciplined growth, in which spending […]
Harvest Power Inc., a Waltham, MA-based developer, builder, owner and manager of facilities that produce renewable energy and compost from discarded organic materials, has raised an undisclosed amount of funding from Waste Management Inc. (NYSE: WM). As part of the agreement, Houston, Texas-based Waste Management joins founding investors Kleiner Perkins Caufield & Byers and Munich […]
Alvenda, Inc., a Minneapolis, MN-based distributed commerce network that creates opportunities for selling on Facebook and through advertising media, has received $5m in venture capital funding from Split Rock Partners. In conjunction with the round, Split Rock Managing Director Michael Gorman has joined the company’s board of directors. According to Gorman, the new funds will […]
Salient Surgical Technologies, Inc., a Portsmouth, NH-based medical technology company that develops and markets advanced energy devices for use in surgical procedures, completed its $15.1m Series G financing. Investors in the round included Apothecary Capital/BBT Fund, L.P., Arnerich Massena & Associates, Affinity Capital, Medtronic, Inc., and other financial and strategic investors. Salient will use the […]
CORAID Inc., a Redwood City, CA-based developer of computer data storage products, has closed a $10m Series A financing round with Allegis Capital and Azure Capital Partners. The company will use the funds to accelerate the development and adoption of its EtherDrive storage platform, which provides its 1,100 customers, including large enterprise and government organizations, […]