The U.S. Department of Energy has chosen three venture capital firms to participate in the Department's new entrepreneur-in-residence pilot program, which aims to accelerate deployment and commercialization of advanced clean energy technologies from three DOE National Laboratories into the global marketplace. The three firms are: Kleiner Perkins Caufield & Byers, ARCH Venture Partners and Foundation […]
TyRx Pharma Inc., a Monmouth Junction, N.J.-based commercializer of implantable combination drug devices, has raised $25 million.in first-round funding from Clarus Ventures and Pappas Ventures. PRESS RELEASE TyRx Pharma, Inc., a leader in the commercialization of implantable combination drug-device products, announced today that the Company has raised $25 million in a venture capital financing […]
Mascoma Corp., a Cambridge, Mass.-based provider of cellulosic biomass-to-ethanol development and production, has raised $50 million in Series C funding, according to a regulatory filing. It includes $30 million in equity, and $20 million in debt. General Catalyst Partners was joined by return backers Khosla Ventures, Atlas Venture, Flagship Ventures, Kleiner Perkins, Pinnacle Ventures […]
WideOrbit Inc., a San Francisco-based provider of sales, traffic and billing software for the global media market, has raised $14.5 million in Series C funding. Participants include Khosla Ventures, Greycroft Partners and Hearst Ventures. VentureWire says that the company already has term sheets out on a follow-on round that could net up to $50 million. […]
Microsoft has agreed to acquire YaData Ltd., an Israeli provider of online advertising solutions. No financial terms were disclosed, although press reports peg the price at between $20 million and $30 million. YaData was founded in July 2006, and has raised around $4 million in VC funding from Giza Ventures and Ofer Hi-Tech. PRESS RELEASE […]
Ancor Capital Partners has sold disposable medical device maker Avail Medical Products Inc. to Flextronics (Nasdaq: FLEX). No financial terms were disclosed. PRESS RELEASE Flextronics (NASDAQ:FLEX), a global leading Electronics Manufacturing Services (EMS) provider and Avail Medical Products, Inc., market leader in disposable medical devices, announced the closing of the sale of Avail […]
Gene Ramirez has joined Nollenberger Capital Partners, an emerging growth-focused I-bank, as a managing director. He previously was a director with Stanford Group Co., where he co-founded the firm's tech I-banking practice. PRESS RELEASE Nollenberger Capital Partners, Inc. (NCPI), an emerging growth focused investment bank, announced today that Gene Ramirez has joined the […]
PhaseRx, a Seattle-based biotech startup focused on delivering therapies via sIRNA, has raised $19 million in first-round funding. Backers include 5AM Ventures, Arch Venture Partners and Versant Ventures. The company was founded by Robert Overall, a former general partner with Frazier Healthcare Ventures. Get more info.
ClearTrip Travel Services, a Mumbai, India-based travel website operator, has raised $18 million in Series C funding, according to VC Circle. Draper Fisher Jurvetson led the round with $10 million, and was joined by The Mahindra Group and return backers Sherpalo Ventures and Kleiner Perkins Caufield & Byers. No mention of whether Series B lead […]
CardioNet Inc., a San Diego-based provider of wireless mobile cardiac outpatient monitoring solutions, has set its IPO terms to six million common shares being offered at between $22 and $24 per share. It would have an initial market cap of approximately $512 million, were it to price at the high end of its range. The […]