Turin Networks Inc., a Petaluma, Calif.-based telecom equipment maker, has secured $26.25 million of a $52.5 million Series B-1 recap round, according to a regulatory filing. Advanced Equities is leading the deal, with return backers including Tudor Ventures, Tellabs, DCM-Doll Capital Management, Sequoia Capital, Baker Capital and Motorola Ventures. Turin previously had raised just under […]
Jott Networks Inc., Seattle-based startup that converts voice into text and delivers it via email, has raised $5.4 million in second-round funding, according to The Seattle Post-Intelligencer. Bain Capital Ventures led the deal, and was joined by return backers Draper Richards, Ackerley Partners and Atomico. www.jott.com
Third Rock Ventures, a life sciences venture firm founded by four ex-Millennium Pharma executives, are looking to raise $300 million for its inaugural fund. The team includes former Millennium CEO Mark Levin, who was a partner with Mayfield up until 1994. News of the fund was first reported by a new biopharma market blog called […]
Greenhill & Co. has held a Gbp106 million first close for its debut European mid-market buyout fund. www.greenhill.com
MBA Polymers Inc., a Richmond, Calif.-based recycler of plastics and durable goods, has secured $20 million of a $22 million Series E round, according to a regulatory filing. Participants include Benchmark Capital Europe, Doughty Hanson Technology Ventures, Asia West and Aloe Environment Fund. www.mbapolymers.com
BioNeuronics Corp. (f.k.a. NeuroVista), a Seattle-based developer of a neurostimulation device to manage and treat epilepsy, has raised $33.8 million in Series B funding. Advanced Technology Ventures and Delphi Ventures co-led the deal, and were joined by return backers Three Arch Partners, Sprout Group and Foundation Medical Partners. The company previously had raised $9.3 million […]
Conatus Pharmaceuticals, a San Diego-based drug company focused on inflammation and liver disease, has called down the final $22 million of its $27.5 million Series A round. The company had held a first close late last year, with the remainder tied to clinical milestones. Conatus was founded in July 2005 by the executive management team […]
Sequoia Media Group, a Draper, Utah-based provider of a platform for converting personal photos and videos into multimedia productions, has raised $8.8 million in new private funding from existing backer Amerivon Holdings LLC. The deal included both new equity and debt-to-equity conversion. helps create multimedia productions from personal photos and video. www.sequoiamg.com
Sun Group has agreed to acquire Sequoia Capital's 9% position in Indian business process outsourcer Firstsource Solutions Ltd., according to The Economic Times. The deal is reported to be valued at $40 million. www.firstsource.com
Big Bang Ventures of Belgium has closed its second fund with EUR 31 million in capital commitments. Limited partners include ARKimedes-Fonds, Trustcapital and European Investment Fund. The firm's inaugural fund closed on EUR 10 million in December 2000. www.bbv.be