Joanna Glasner
House prices are up, and real estate websites are a hot item on public markets. Yet venture investors haven’t been too enthused with the real estate business in recent quarters.
MacroGenics, a developer of antibody-based cancer therapies, has entered into an agreement with Servier, France’s largest private pharmaceutical company, for development and commercialization of products directed at three tumor targets. Under terms of the agreement, MacroGenics will receive a $20 million upfront payment and could receive milestone-based payments with a value up to $1 billion. […]
While Nevada attracts more than its share of billionaire casino developers, the state has never been a big recipient of private equity or venture investment. Now, it's looking to turn that around with $50 million fund for companies active in the state. State Treasurer Kate Marshall tells peHUB about the plan.
FashionPlaytes, a site for girls to design and purchase custom clothes, has raised $5 million in Series B financing from Leo Capital Holdings and Sprindrift Equities, with participation from Fairhaven Capital, New Atlantic Ventures and Golden Seeds. The full announcement is below: Industry’s First Commerce Destination for Tweens, FashionPlaytes, Raises $5 Million Series B Beverly, […]
Life science investor Longitude Venture Partners has raised $332 million toward a planned $375 million second fund, according to a securities filing.
The La Jolla, Calif.-based fund has raised $202 million toward to a planned $250 million fund, according to a securities filing.
San Diego’s Elevation Pharmaceuticals has agreed to be acquired by Sunovion Pharmaceuticals of Marlborough, MA (formerly Sepracor) in a deal worth up to $430 million. With the acquisition, Sunovion secures Phase 2b product candidate EP-101, an inhaled medication to open the air passages of the lungs and ease breathing of patients with emphysema and chronic […]
The Employee Stock Option (ESO) Fund announced that it has closed a debut fund which will deploy up to $25 million to provide funding for current and departing employees of venture-backed companies to exercise their stock options. The full announcement is below: ESO Venture Fund Closes its Inaugural Fund REDWOOD SHORES, Calif., Aug. 9, 2012 […]
Picarro, a Santa Clara, Calif.-based developer of instruments for measuring air quality, has raised a $7 million Series D round led by Focus Ventures and joined by DAG Ventures, NTT Electronics and Mingxin China Growht Fund. The announcement is below: Picarro Secures $7 Million Round of Investment from Leading Venture and Strategic Investors New and […]
The Farmingham, Conn.-based lender to development-stage venture- and private equity-backed companies has raised $30.9 million in an offering on Nasdaq. The full announcement is below: Horizon Technology Finance Corporation Announces Completion of Public Offering of Common Stock FARMINGTON, Conn., July 23, 2012 – Horizon Technology Finance Corporation (Nasdaq: HRZN) (the “Company” or “Horizon”) announced today […]