Music Plus Television Network Inc., a Los Angeles-based music television network, has raised an undisclosed amount of first-round funding from Kenai Investment LLC. www.musicplustv.com
Tetraphase Pharmaceuticals Inc. of Newton, Mass., has secured $10.04 million of a $25.1 million Series A convertible participating preferred stock financing. MediPhase Venture Partners led the deal, with other backers including Skyline Ventures, Fidelity BioSciences, Flagship Ventures and CMEA Ventures. This item was first reported by PE Week Wire in August, with VentureWire today adding […]
OZ Communications, a Montreal, Canada-based provider of consumer mobile messaging solutions, has raised US$34 million in second-round funding. Caisse de d
LGC Wireless Inc., a San Jose, Calif.-based wireless networking company, has bought the Cellular Mobile business unit of Alvarion Ltd. (Nasdaq: ALVR) for approximately $15 million in convertible notes and the assumption of certain liabilities. LGC has raised around $78 million in total VC funding since its 1996 inception, from firms like Associated Venture Investors, […]
AlixPartners, a global turnaround consultancy based in Southfield, Mich., plans to open an office in India next year. www.alixpartners.com
Cobalt Technologies Inc., a San Jose, Calif.-based alternative energy startup, has secured $3 million of a $9 million Series B round led by VantagePoint Venture Partners, according to a regulatory filing. www.vpvp.com
KRG Capital Partners has sold FMI International LLC to Maritime Logistics US Holdings Inc. for over $100 million in cash and stock. FMI is a Carteret, N.J.-based logistics provider for the apparel, retail and footwear industries. www.fmiint.com
Altra Holdings Inc., a Quincy, Mass.-based provider of mechanical power transmission and motion control products, has set its proposed IPO terms to 10 million common shares being offered at between $14 and $16 per share. It plans to trade on the Nasdaq under ticker symbol AIMC, with Merrill Lynch serving as lead underwriter (Wachovia previously […]
Isilon Systems Inc., a Seattle-based provider of clustered storage solutions, has set its proposed IPO terms to 8.35 million common shares at between $8.50 and $9.50 per share. It plans to trade on the Nasdaq under ticker symbol ISLN, with Morgan Stanley and Merrill Lynch serving as co-lead underwriters. The company has raised nearly $70 […]
Heely's Inc., a Carrollton, Texas-based maker of youth footwear with a removable wheel in the heel, has set its proposed IPO terms to 6.25 million common shares being offered at between $16 and $18 per share. It plans to trade on the Nasdaq under ticker symbol HLYS, with Bear Stearns and Wachovia serving as co-lead […]