TrueDemand Software Inc., a Los Gatos, Calif.-based provider of supply chain management software, has secured $2.7 million of a $4.4 million Series C rounds, according to a regulatory filing. Return backers include Bay Partners, CMEA Ventures and Mayfield Fund. The company had previously raised $14 million. www.truedemandsoftware.com
Obalon Therapeutics Inc., a San Diego-based drug startup, has secured $4.7 million of a 7.7 million Series A round, according to a regulatory filing. Domain Associates led the deal, and was joined by Okapi Ventures and Phagia Technology Inc. The company does not have a website.
Kilopass Technologies Inc., a Santa Clara, Calif.-based developer of non-volatile memory solutions, has raised $17.9 million in a Series C round extension, according to a regulatory filing. Return backers include BlueRun Ventures, Pitango Ventures and U.S. Venture Partners. The company had previously raised around $22 million since 2002. www.kilopass.com
Nate Mitchell has joined Index Ventures, as a Geneva-based associate with the firm's new $600 million growth equity fund. He previously was with Draper Fisher Jurvetson in Silicon Valley and, before that, with Summit Partners. www.indexventures.com
Novell has agreed to acquire PlateSpin Ltd., a Toronto-based server virtualization company, for $205 million in cash. PlateSpin had raised around $17 million in VC funding since 2001, from firms like Insight Capital Partners, Intel Capital, CastleHill Ventures, Raza Venture Fund and VentureLink Holdings. PRESS RELEASE Novell today announced it has entered into a definitive […]
Probitas Partners has promoted Adam Frieman to the position of partner, in the firm's New York office. Prior to joining Probitas, Frieman served as deputy head of U.S. capital markets at UBS. www.probitaspartners.com
Proficiency Inc., a Marlborough, Mass.-based provider of OEM and supplier product data integration, has raised $4.25 million in new VC funding. Catalyst Investment led the round, and was joined by return backers Carmel Ventures and Pitango Venture Capital. The company has now raised nearly $60 million in total VC funding since its 1998 inception. PRESS […]
Wisair, a Tel Aviv-based provider of ultra wideband and wireless ultra wideband solutions, has raised $24 million in Series D funding. Susquehanna Growth Equity led the round, and was joined by Advent Venture Partners, Bridge Capital Fund and Yasuda Ventures. Return backers included Apax Partners, Broadcom, Intel Capital, Vertex Management and the Zisapel brothers. The […]
Cypress Bioscience Inc. (Nasdaq: CYPB) has agreed to acquire Proprius Pharmaceuticals Inc., a San Diego-based drug developer focused on rheumatology and autoimmune diseases. The deal includes a $37.5 million up-front cash payment, and up to $37.5 million in milestone-related earnouts. Proprius last year raised $11 million in Series A funding, which included an option […]
Portico Systems Inc., a Blue Bell, Pa.-based provider of software solutions for health insurance plans, has raised $7.7 million in new VC funding. Edison Venture Fund led the round with $4.9 million, and was joined by return backer Safeguard Scientifics. PRESS RELEASE Edison Venture Fund announced a $4.9 million investment for Portico Systems, […]