REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS
Bicycle Therapeutics Ltd, a Babraham Research Campus, Cambridge, UK-based biotechnology company developing a novel technology platform for the identification and optimisation of chemically constrained cyclic peptides with high target specificity and binding affinity, received additional seed funding. New investors include SR One, the independent corporate venture fund of GlaxoSmithKline, and SV Life Sciences. In conjunction […]
The European Investment Fund (EIF) and the German Federal Ministry of Economics and Technology (BMWi) signed additional commitments of €500m to the ERP-EIF Dachfonds. Established in 2004 by BMWi and EIF, the ERP-EIF Dachfonds has invested in 16 venture capital funds focusing on high-tech and innovative companies in Germany in their early and development stages. Over […]
Lophius Biosciences, a Regensburg, Germany-based biotechnology company developing innovative products for the diagnosis of acute infectious and autoimmune diseases, has closed a €1.6m second round of financing. The round was led by new investor S-Refit, with strong participation from returning backers High-Tech Gruenderfonds and Bayernkapital. Lophius Biosciences, a spin-off of the Universitätsklinik Regensburg, focuses on […]
Zedira GmbH, a Darmstadt, Germany-based biotech company which focuses on celiac disease and consequently also on the transglutaminases family of enzymes, has recieved a minority investment from R-Biopharm AG. High-Tech GrĂĽnderfonds, which in September 2007 led the Series A financing round of the company, has further invested in the company. Zedira also received funding by […]
Next Kraftwerke GmbH, a Cologne, Germany-based technology start up which specialises in the marketing of microgeneration plant on the electrical power market, has received an equity financing of undisclosed amount. The investment was made by High-Tech GrĂĽnderfonds, Neuhaus Partners, and other business angels. Next, which integrates emergency power generators, cogeneration units and biogas plants by […]
Y Combinator, a Mountain View, CA-based venture capital firm specializing in seed funding software and web-services start ups, has closed a new fund of $8.25m. The round was led by existing investor Sequoia Capital, with participation from a number of prominent angels, including Ron Conway, Paul Buchheit, Aydin Senkut, XG Ventures, and Geoff Ralston. As […]
MutualMind Inc., a Richardson, Texas-based provider of social media analytics and management applications, has received a first investment round from Gore Focus, L.L.C.. The capital infusion will enable the company to accelerate software development and expand its sales and marketing efforts. MutualMind™ is a Web application that helps businesses, marketing agencies and public relations firms […]
stickybits, Inc., a New York-based start up that allows people to attach digital content to real world objetcs, has raised $1.6m as part of its first round of funding. New investors First Round Capital and Lower Case Capital have joined existing investors Mitch Kapor and Polaris Venture Partners. In conjunction with the funding, Howard Morgan […]
Loggly, Inc., a San Francisco, CA-based startup providing log file management for cloud services, closed a $4.2M Series B financing round. The investment was led by Trinity Ventures, with participation from True Ventures, which led the company’s initial seed funding. The company aims to build a scalable and easy-to-use log management service for system administrators, apps […]
Wells Fargo & Company (NYSE:WFC) has provided undisclosed credit lines to two Silicon Valley high-tech companies. In details, the bank provided financing to: – Nexxo Financial, a San Bruno, CA-based money remittance company that provides its customers with a means of sending money to Latin America and Mexico via ATM-style, self-serve kiosks located primarily in […]
ODLO Sports Group, a Norwegian-Swiss manufacturer of functional sports underwear, has been acquired by Herkules Private Equity Fund III. Founded in Oslo in 1946, ODLO was taken over by Odd Roar Lofterød, the founder’s son and Chairman, in 1979. He will continue at the board and will have a minority share of the company. Together […]
Alphion Corporation, a Princeton Junction, NJ-based developer and manufacturer of optical communications access systems and components, closed a venture debt facility with Velocity Financial Group, Inc.. Alphion, which is backed by Tallwood Ventures, Narra Ventures and ICCP, will use the facility to continue its growth path. The company’s products are sold worldwide to service providers […]
HanseVentures, a Hamburg, Germany-based venture capital firm, has launched. The company, whose focus is on investing in between six and eight internet start ups a year for the next three years, will support entrepreneurs in every aspect of their work, through its network, expert knowledge in on-line marketing, and financial resources. Hanse Ventures’ portfolio already […]
Isaac Ciechanover, M.D., has joined Kleiner Perkins Caufield & Byers (KPCB), the Silicon Valley venture capital firm, as a Partner. He will provide counsel and guidance to the firm’s network of life science entrepreneurs. With more than 15 years of experience in working with entrepreneurs to advance medicine through innovation and technology, Ciechanover most recently […]
deal united GmbH, a Munich, Germany-based on-line marketing network, has raised about €5m in equity financing. Investors in the funding include Bertelsmann Digital Media Investments and Venture Incubator, a Swiss venture capital firm. The capital infusion will enable the company to begin its international expansion. deal united helps on-line shops, software providers, social communitys or […]