MENLO PARK, CA — Entelos Inc., the leader in predictive biosimulation for in silico drug discovery and development, announced today that the company has raised over $25 million through a private placement of its equity securities. Bear Stearns Health Innoventures L.P. led the Series C financing, which included new investors Earlybird, equity4life, and Compaq Computer […]
RESEARCH TRIANGLE PARK, NC – A. M. Pappas & Associates announced today the final closing of TechAMP II, LP, a $102 million venture capital fund focused on the life science sector. Like its immediate predecessor fund, TechAMP II will invest in emerging biopharmaceutical companies that are developing therapeutics to treat cancer and diseases associated with […]
BERKELEY, CALIF. and NEW YORK — The Haas School of Business at the University of California, Berkeley, and Columbia Business School announced today a joint partnership with The Goldman Sachs Foundation to create the National Social Venture Competition. The competition invites aspiring entrepreneurs to develop plans for businesses that have a clear, quantifiable social return […]
LIVONIA, MI — Valassis (NYSE: VCI) announced that it will not continue to fund its Internet couponing investment, Save.com. Since the venture has been unable to secure additional outside financing sufficient to carry it to profitability, Save.com will close operations immediately. Valassis cited the reason for discontinuing its backing was due to Save.com’s inability to […]
SAN JOSE, CA — AccessLan Communications Inc., a pioneer of IP-enabled access provisioning, today announced that it has raised $16 million in new equity financing. AccessLan’s latest round of funding is led by a number of financial institutions, publicly owned companies and several private investors, including Advanced Fibre Communications, Inc., Accel Partners, BancBoston Ventures, Highland […]
LOS ANGELES — Flexxtech Corp. announced today that it has received a first round funding to be followed by a $10 million offering. May Davis Group Inc., was the placement agent and acted as an advisor for the transaction. May Davis Group, located in New York, is an NASD member firm, specializing in merchant banking […]
NORWALK, CONN. — webloyalty.com Inc. (www.webloyalty.com), which provides innovative subscription- based programs to customer-focused Web sites, announced today that it has raised $5 million in third round funding from Canaan Partners of Rowayton, Conn., BCI Partners of Teaneck, New Jersey, and webloyalty.com founders. The financing will be used to continue the company
SAN FRANCISCO — PRN Corp., the parent company of Premier Retail Networks, Inc. (PRN), today announced that it has closed a $35 million round of private equity funding led by The Shamrock Capital Growth Fund, L.P., GE Capital, and Allen&Company Incorporated. Proceeds from the round will be used to expand the Company’s reach within existing […]
BOSTON — Energy Investors Funds Group (EIF Group), part of Dresdner Kleinwort Capital (DrKC), and a leading private equity investor in the global energy and utilities sector, is pleased to announce its US$5 million equity investment in National Water & Power, Inc. (NWP). NWP is the leading U.S. provider of utility billing services and customer […]
PLANO, TEXAS — Santera Systems Inc., a leading provider of next-generation switching solutions for the global communications market, today announced that it has secured more than $110 million in its third round of funding. Led by Redpoint Ventures, this is one of the largest amounts raised by a private company in 2001. The company has […]