PE Hub Staff

SAN FRANCISCO, Calif. — MPM Capital announced today the closing of the MPM BioEquities Fund to new investors. The Fund raised over $400 million since its inception March 23, 2001 and now stands at over $450 million in assets. The MPM BioEquities Fund invests primarily in publicly traded biotechnology stocks. The fund is supported by […]

GRAND RAPIDS, MI — Mercantile Bank Corp. (Nasdaq: MBWM), one of the nation’s fastest growing banking organizations, announced that it has privately placed 180,000 shares of common stock with a small number of individual investors, including a member of Mercantile’s Board of Directors and members of his family, an organizer of the Bank, and several […]

SAN DIEGO — MitoKor today announced that it has raised over $25 million in its latest private equity financings. RBC Capital Markets acted as a placement agent. New investors include Federated Kaufmann Fund, Orbitex Health and Biotechnology Funds, Palladin Group, China Development Industrial Bank, First Bio Venture Capital, Emerging Growth Management Funds, and DRW Venture […]

HAMILTON, BERMUDA — Alea Group Holdings (Bermuda) Ltd. announced today that it has received US$250 million of new capital, increasing Alea Group

CAMBRIDGE, MA — Alkermes Inc. (NASDAQ: ALKS) today announced that it has made a $100 million equity investment in Reliant Pharmaceuticals LLC in exchange for approximately 19% ownership of the company. Alkermes’ investment was accompanied by a $50 million investment by Pritzker family business interests and Bay City Capital, the major equity owners of Reliant. […]

MENLO PARK, CA — Trinity Ventures, a leading venture capital firm focused on investments in early-stage software, communications, and enterprise-systems companies, today announced that industry veteran Alex Osadzinski has been appointed a Venture Partner. Formerly an Entrepreneur-in-Residence, Osadzinski has been working with Trinity Ventures since July 2001. Osadzinski will focus his investment efforts in both […]

GAITHERSBURG, MD — Avalon Pharmaceuticals today announced the close to new investors of a $70 million private equity financing through the issuance of Series B Shares. This offering represents one of the largest private biotechnology financings this year. CDP Sofinov served as lead investor in this financing. Other new investors in Series B include EuclidSR […]

MIAMI — VoIP Group Inc., is pleased to announce that on Monday 10th December, 2001, it closed its second round of funding. The investment of $4.4 million was made by ATG Ventures, which acquired a controlling interest in the company. VoIP Group Inc. provides communication solutions to telcos, calling card companies, banks and other enterprises […]

SAN JOSE, CA — 0-In Design Automation Inc., a leader in white-box verification technology, announced closure of an $8M round of equity financing that will accelerate development of new products and support expansion into new worldwide markets. The financing was led by a $4M investment from the meVC Draper Fisher Jurvetson Fund I, an information […]

ANDOVER, MA — Sandburst Corp., a leading developer of 10 Gigabit packet chip set technology, today announced that it has closed a $27.5 million second round of venture capital funding. Led by Investor AB, through its wholly-owned subsidiary Investor Growth Capital, the round included participation from 3i, a leading international venture capital company, and Boston […]