AAA June 2012 – Page 3

Axial Exchange finds its MRemedy

Venture capital-backed Axial Exchange has acquired MRemedy, a company formed in 2010 by DoApp (a mobile services firm originally named PagePow) and healthcare provider Mayo Clinic. Canaan Partners, Axial’s lead venture capital investor, and Mayo Clinic both invested in Axial Exchange to complete the deal, which will provide Axial Exchange with access to consumer content… Continue reading Axial Exchange finds its MRemedy

CSR, Intel Capital blast Sand 9 to $23m

UK-based wireless technology company CSR and US-based semiconductor company Intel’s corporate venturing unit have helped micro-electromechanical systems company Sand 9 raise $23m. Intel Capital was joined in the series C round by Vulcan Capital, US-based software company Microsoft’s co-founder Paul Allen’s investment vehicle, as well as venture firms Commonwealth Capital Ventures, Flybridge Capital Partners, General… Continue reading CSR, Intel Capital blast Sand 9 to $23m

C8 measures $19m

C8 MediSensors, a US-based diabetes treatment company backed by US-based conglomerate General Electric, has raised $19m. The funding will help C8 MediSensors launch in Europe. C8 MediSensors said its “leading investors” participated in the round. C8 MediSensors uses light, in a process called Raman spectroscopy, to allow diabetics to measure glucose in a monitor. C8… Continue reading C8 measures $19m

ACT takes Pathbrite to $2.5m

ACT, a not for profit education organisation, has helped Pathbrite, a US-based experience documenter, raise $2.5m ACT was joined in the series A round by Rethink Education. ACT’s David Cumberbatch and Rethink Education managing directors, Rick Segal and Matt Greenfield will join Pathbrite’s board. The round takes Pathbrite to more than $4m raised in total.… Continue reading ACT takes Pathbrite to $2.5m