Battelle Memorial Institute has acquired Optimer Photonics Inc., a company spun out of Battelle in 2001 to commercialize electrooptic waveguide components for the telecom industry. No financial terms were disclosed. Optimer Photonics had raised over $10 million in VC funding from Battelle, Mitsubishi Corp. and Primaxis Technology Ventures. PRESS RELEASE Battelle announced today […]
Miles Electric Vehicles, a Santa Monica, Calif.-based electric car manufacturer, has raised $15 million in VC funding led by Angeleno Group. PRESS RELEASE Miles Electric Vehicles announced today a $15,000,000 investment round led by the Los Angeles based private equity fund, Angeleno Group, with participation from existing investors. Funds will be used to advance […]
Michael Melnick has joined CMEA Ventures as a principal in the firm's energy and materials practice. He previously served as chief commercial officer and executive VP of operations at Assay Designs, a provider of assay development for drug development and translational research. PRESS RELEASE CMEA Ventures today announced that Michael Melnick, PhD., has joined […]
Transoma Medical Inc., a St. Paul, Minn.-based maker of implantable wireless vital sign monitors, has withdrawn its IPO. It had previously postponed the offering, due to unfavorable market conditions. Transoma had planned to price four million common shares at between $14 and $16 per share, which could have given it an initial market cap of […]
Parallel Investment Partners has sold Action Sports Media to Learfield Sports and ISP Sports. No financial terms were disclosed. Action Sports Media is an Alcoa, Tenn.-based collegiate sports marketing company. It was advised on the sale by Morgan Keegan & Co. PRESS RELEASE Learfield Sports and ISP Sports officially have come to terms in the […]
Sub-One Technology, a Pleasanton, Calif.
LONDON (AP) — KKR Financial Holdings LLC, a listed affiliate of U.S. private equity group Kohlberg Kravis Roberts & Co., has delayed repayment of billions of dollars of commercial paper for the second time, the Financial Times reported Wednesday. In a regulatory filing, KKR Financial Holdings, or KFN, said it had begun talks with creditors […]
Dakim Inc., a Santa Monica, Calif.-based developer of cognitive fitness solutions, has raised $10.6 million in Series C funding led by Galen Partners. PRESS RELEASE Dakim, Inc., an innovator in brain fitness technology solutions, today announced the completion of a $10.6 million Series C financing. The round was led by Galen Partners, a leading […]
Adam Aircraft, an Englewood, Colo.-based maker of twin-piston and jet airplanes out of carbon composite materials, has filed for Chapter 7 bankruptcy protection. The company is liquidating its assets to pay off creditors, including Morgan Stanley, which last year placed a $105 million senior secured credit facility for Adam. It had previously raised $182 […]
Venture capitalists invested $928 million in 80 India-based companies last year, according to a new report from Dow Jones VentureSource. That represents a 166% incresase over 2006 figures. PRESS RELEASE Venture capitalists invested some $928 million in 80 deals for entrepreneurial companies in India during 2007, according to the Quarterly India Venture Capital Report […]