Trident Capital has promoted Evangelos Simoudis to managing director. He is a former Apax Partners pro who joined Trident in 2005 as a venture partner. Trident also promoted Arneek Multani to principal and Michael Biggee to vice president. www.tridentcap.com
John Koskinen has joined the board of American Capital Strategies. He is the former chairman of the Duke University Board, and also was president of restructuring firm The Palmieri Co. www.americancapital.com
Synta Pharmaceuticals Corp., a Lexington, Mass.
Mellanox Technologies Inc., a Santa Clara, Calif.-based provider of interconnect solutions for servers, storage and infrastructure equipment, has increased its proposed IPO price range from $12-$14 per share to $14-$16 per share. It still plans to offer 6 million common shares and trade on the Nasdaq under ticker symbol MLNX. Credit Suisse and JPMorgan are […]
Beceem Communications, a Santa Clara, Calif.-based provider of mobile WiMAX chipsets, has raised $41.1 million in Series D funding. Teachers’ Private Capital led the deal, and was joined by NEC Corp., Global Catalyst Partners, Intel Capital, Khosla Ventures, KTB Ventures, Mitsui & Co., DoCoMo Capital, Samsung Ventures, Sequoia Capital and Walden International. Beceem has raised […]
Fonality Inc., a Los Angeles-based provider of open-source IP telephone for the SMB market, has raised $7 million in Series C funding. Intel Capital led the round, and was joined by return backer Azure Capital Partners. www.fonality.com
Carl Weissman has joined OVP Venture Partners as a venture partner, with a focus on opportunities in digital biology and the convergence of IT, nanotech and biotech. He currently is president and CEO of Accelerator, a Seattle-based joint venture vehicle for a syndicate of VCs
FTVentures has promoted both Eric Byunn and Chris Winship to the position of partner. Byunn focuses on the software sector, and serves on the boards of Cloudmark, Coremetrics, GMI, Intrepid Learning Solutions, ProfitLine and SourceCode Technology Holdings. Winship focuses on the business services space, and sits on the boards of Capital H Group, CapitalStream, Freeborders […]
Canaan Partners has promoted Stephen Bloch to venture partner. He joined the firm in June 2002 as a Ewing Marion Kauffman Fellow, and serves on the boards of Canaan portfolio companies Advanced Biohealing, Amicus Therapeutics, Marinus Pharmaceuticals, OmniSonics Medical Technologies and Viacor. Prior to joining Canaan, Bloch was a medical entrepreneur and practicing physician. www.canaan.com
Proacta Inc., a San Diego-based developer of cancer drugs that target physiological attributes of solid tumors, has raised $35 million in Series B funding. Clarus Ventures led the deal, and was joined by Delphi Ventures and return backers Alta Partners, GBS Venture Partners, New Zealand Venture Investment Fund, No 8 Ventures, Endeavour iCap, Genentech and […]