REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS
Tangentix, a UK-based Sheffield, UK-based startup that is exploring the use of 3D graphics compression, raised $2.1m in funding. Backers included EV Group, RisingStars Growth Fund II, ParkWalk Advisors, Finance Yorkshire Funds (Seedcorn and Equity). The company, which has raised $3.1m to date, intends to use the capital to continue to develop its platform and […]
Joyride, a San Francisco, CA-based developer of mobile app for drivers, raised $1m in seed funding. Backers included Freestyle Capital and Cowboy Ventures, as well as angel investor Seth Goldstein, who also serves as Joyride Executive Chairman of the Board. The initial investment will be used for hiring purposes to build out the engineering team. […]
infirst Healthcare, a consumer healthcare company, raised £25m in financing from Invesco Asset Management managed funds. The company intends to use the funds for the launch of its medicines into the cough & cold and pain consumer healthcare markets. Spun out from SEEK Group and led by CEO Manfred Scheske, Infirst will launch its first […]
FastPay is a finance platform that provides lines of credit to growing digital businesses. Based in Beverly Hills, CA, the startup raised $25m in financing in 2012 (read here) and has already provided working capital to several companies. Mike McGlade, the Chief revenue officer, who previously worked at BetterWorks and Tellabs (NASDAQ: TLAB), answered our […]
Minimally Invasive Devices, Inc. (MID), a Columbus, Ohio-based developer of a device that prevents loss of vision during laparoscopic surgery, completed a $9m Series B financing. The round was led by Canaan Partners, with participation from existing investor Charter Life Science. In conjunction with the funding, Brent Ahrens, general partner at Canaan Partners, has been […]
KnowledgeVision Systems, a Lincoln, Massachusetts-based developer of online video presentation technology, closed a new $1.875m round of financing. Backers included institutional, private, and strategic investors. Existing investor GrandBanks Capital participated in the financing. The company intends to use the capital to fund new product initiatives, and expand adoption worldwide. Led by CEO Michael Kolowich, KnowledgeVision […]
Novira Therapeutics, Inc., a Radnor, PA-based antiviral drug discovery company, secured $7.5m and completed its $25m Series A financing. New investor Versant Ventures joined 5AM Ventures and Canaan Partners, which led the first closing of the Series A in August 2012 (read here). In conjunction with this investment, Gianni Gromo M.D ., Ph.D., venture partner […]
Third Rock Ventures, LLC, a Boston, MA-based venture capital firm focused on backing healthcare companies, held the final close of Fund III, at $516m. Fund III will continue to launch and build up to 16 healthcare companies, with a particular focus on innovative product engines. The fund is led by Robert Tepper, Kevin Starr and […]
Captio, a Barcelona, Spain-based provider of an enterprise mobile platform to manage receipts, raised €300k in funding. Backers included Venturcap and angel investors. The company is using the funds to continue to expand in Spain and abroad (firstly in México). Available for iPhone Android and Blackberry, Captio allows users to take a photo of their […]
E-Car Club, Ltd, a London, UK-based electric car club, raised £100k in equity crowdfunding. 63 backers acquired a 20% stake in the company via Crowdcube. The company intends to use the capital to expand operations, including establishment of additional hubs in Southern England and development of strategic partnerships. Founded in September 2011 by Andrew Wordsworth […]
OVIVO, a London, UK-based Mobile Virtual Network Operator (MVNO), raised £150k in equity crowdfunding. 69 investors acquires a 12.5% stake in the company via Crowdcube. The company intends to use the capital to continue the development of its product and platforms, recruit new people and expand its marketing efforts. Led by Dariush Zand, Founder and […]
In February 2013, Nexeon, an Abingdon, UK-based battery materials and licensing company, received a strategic investment and signed a partnership agreement with German chemical company WACKER Chemie AG. With the investment, whose amount was not disclosed, WACKER took a strategic stake in Nexeon. The partnership will involve the two companies working together to scale-up the […]
Uppidy, a Washington, D.C.-based mobile sharing, search and storage technology company, raised an additional $550k in funding. Backers included Band of Angels, CIT, New Vantage Group, Harvest Group Holdings, Fortify Ventures, and Paul Silber of Blu Venture Investors. Led by Joshua M. Konowe, Co-Founder and CEO and Alex Rudnev, CTO, Uppidy provides solution to store, […]
Impression Technologies, a UK-based aluminium forming technology business based on intellectual property developed at Imperial College London, raised £0.5m in funding from Imperial Innovations Group plc (AIM: IVO) The company intends to use the capital to develop its aluminium forming process, manufacture demonstration parts and develop a technical and commercial team. Developed by Professor Lin […]
The European Commission is launching a platform for successful entrepreneurs to tell their stories of inspirations and frustration. The Startup Europe Leaders Club, which represents the first part of Startup Europe, the European Commission’s 6-part plan to accelerate and connect local entrepreneurship ecosystems in Europe to help tech start-ups to start and grow in Europe […]