Aegera Therapeutics Inc., a Montreal-based drug developer, has held a Cnd$14 first close on its Series C funding round. VenGrowth led the deal, and was joined by return backers GrowthWorks, Business Development Bank of Canada, Desjardins Venture Capital, Multiple Capital and Solidarity Fund. A second close is scheduled for early 2007. In related news, Aergera […]
RipCode Inc., a provider of technologies for processing Internet video content, has raised $7 million in first-round funding. Participants included Hunt Ventures, Vesbridge Partners, El Dorado Ventures and ATA Ventures. RipCode has offices in both Austin and Dallas, Texas. www.ripcode.com
Teranetics Inc., a Santa Clara, Calif.-based provider of ICs for Ethernet transport, has raised around $20 million in Series C funding. Backers include Venrock Associates, US Venture Partners, Portview Communications Partners, Granite Global Ventures, Global Catalyst Partners and Columbia Capital. www.teranetics.com
Consorte Media Inc., a San Francisco-based provider of marketing services to the Spanish-speaking market, has raised around $3.2 million in Series A funding. Backers include Mayfield and Band of Angels. www.consortemedia.com
Newport Media Inc., a Lake Forrest, Calif.-based fabless semiconductor company supplying products to the mobile broadcast media market, has raised $30 million in Series C funding. DAG Ventures led the deal, and was joined by return backers Benchmark Capital, Global Catalyst Partners, Oak Investment Partners, Pinnacle Ventures and Venrock Associates. Newport Media has raised more […]
Solaicx, a Santa Clara, Calif.
Cambridge Devices, a Cambridge, Mass.-based medical device company focused on real-time pathology solutions, has raised $2.5 million in seed funding from Kodiak Venture Partners. www.kodiakvp.com
DSM Venturing, the corporate VC arm of Royal DSM NV, has acquired a 10% stake in Micromuscle AB, a Sweden-based developer of electro-active polymers (EAP) technology for vascular applications. No financial terms were disclosed. www.micromuscle.com www.dsm.com
Jerry Bowerman, former vice president and COO of Electronic Arts Canada, has joined Sevin Rosen Funds as an entrepreneur-in-residence. He will work out of the firm's Austin, Texas office, and will focus on opportunities in the user-generated content and consumer gaming markets. www.srfunds.com
Skelta Software, a Bangalore, India-based provider of business process management workflow software, has raised $1.5 million in first-round funding from SIDBI Venture Capital Ltd. www.skelta.com