Sangart Inc., a San Diego-based developer of an artificial blood substitute, has raised $50 million in Series F funding led by return backer Leucadia National Corp. The deal also includes warrants which, if exercised, could provide another $50 million in funding. Sangart previously had raised more than $70 million in VC funding since its 1998 […]
ForeSee Results, an Ann Arbor, Mich.-based provider of online customer satisfaction management solutions, has raised $20 million in new VC funding. Updata Partners and Investor Growth Capital co-led the deal, and were joined by return backer CFI Group. www.foreseeresults.com/
Protemix Corporation Ltd., a drug startup with offices in both San Diego and New Zealand, has raised $14.5 million in a first close of its Series A funding round. Novartis Venture Fund led the deal, and was joined by NovaQuest and seed backer Birnie Capital. http://www.protemix.com/
Firm58, a Chicago-based provider of post-trade management software for the financial services sector, has raised $3.7 million in Series A funding led by New World Ventures. http://www.firm58.com/
American Achievement Corp., class ring and yearbook provider owned by Fenway Partners, has acquired Powers Embroidery Inc., a Waco, Texas-based producer of letter jackets, chenille patches and other school spirit embroidery merchandise. No financial terms were disclosed. http://www.cbi-rings.com/
CCC Information Services Inc., a Chicago-based provider of auto claims information systems and claims management software, has acquired Integrated Collision Management, a provider of shop management software to the collision industry. No financial terms were disclosed. Investcorp acquired CCC in February 2006. http://www.cccis.com/
Eli Lilly & Co. has completed its $315 million acquisition of Hypnion, a Lexington, Mass.
Alcatel-Lucent (NYSE: ALU) has agreed to acquire substantially all the assets of Tropic Networks Inc., an Ottawa-based metro-WDM networking supplier. No financial terms were disclosed. Tropic Networks had raised around $156 million in total VC funding since its 2000 inception, from firms like Celtic House Venture Partners, Crescendo Ventures, Goldman Sachs, Kodiak Venture Partners, Ontario […]
Ev3 Inc. (Nasdaq: EVVV), a Plymouth, Minn.-based developer of catheter devices for the endovascular treatment of vascular diseases and disorders, has filed for a $175 million secondary offering of common stock. Shareholders Warburg Pincus and The Vertical Group are offering up $125 million in the deal, which would reduce their combined ownership stake from around […]
Western Technology Investment of San Jose, Calif. has closed its twelfth venture debt fund with over $1 billion in capital commitments. http://www.westerntech.com/