March 2013 – Page 6

Fidelity true to psychiatric care

Alongside Fidelity Biosciences were venture capital firms Polaris Partners and Trevi Health Ventures

Newcomb’s Famous gains $4m

Steve Newcomb (pictured), who previously co-founded Powerset, the semantic search company acquired by software provider Microsoft for $100m, founded and runs Famous.

Sharer joins Foundation

Sharer has joined Foundation as a partner looking at deals in the connected health and healthcare information technology sectors.

TranS1, a Nasdaq-listed medical device maker, has agreed to acquire Baxano, a US-based developer of spinal devices backed by healthcare provider Kaiser Permanente’s eponymous corporate venturing unit. TranS1 is paying $23.6m, including $550,000 in cash on Baxano’s balance sheet and refinancing $3m of the target’s debt. Baxano had raised $58.6m from Kaiser Permanente Ventures and… Continue reading Baxano cuts through to exit

Retailigence commercialises $6.3m

Alongside Motorola Solutions Venture Capital as backers of Retailigence, has been Opt, a Japan-based advertising agency.

Arecor stabilises with DSM

DSM Venturing, the corporate venturing unit of Netherlands-based life sciences and materials sciences company Royal DSM, has bought a “minority stake” for an undisclosed amount in Arecor, a spin-out from Anglo-Dutch consumer goods company Unilever. Arecor was spun out of the consumer goods company in 2007 and its corporate venturing unit, Unilever Ventures, was the… Continue reading Arecor stabilises with DSM

Gilupi takes its Chinese medicine

China-based Hebei Viroad Biotechnology has invested €5m ($7m) in Gilupi, a Germany-based drugs developer, as part of a wider licensing agreement”for large parts of Asia”. Gilupi raised €3.6m in its series C round in January 2011. Previous investors include state- and corporate-backed early-stage investment manager High-Tech Gründerfonds (HTGF) and regional banks and state funds Aurelia… Continue reading Gilupi takes its Chinese medicine

EntreMed develops its $10.7m

EntreMed last year negotiated an agreement with another investor, pharmaceutical corporation Celgene, to convert the series A preferred stock it holds in EntreMed to common stock.

Condé Nast shops for FarFetch

FarFetch, a UK–based online market for independent fashion labels, has raised $20m from a consortium led by publisher Condé Nast International as a new investor. Venture capital firms Advent Venture Partners, Index Ventures and E.Ventures, which was formerly known as Bertelsmann Ventures before the corporate venturing unit was spun out of the eponymous Germany-based media… Continue reading Condé Nast shops for FarFetch

Nevro breaches $150m

Novo Ventures, the corporate venturing unit of the eponymous Denmark-based drugs group, led the C round, alongside peers from US-based healthcare companies Johnson & Johnson, Mayo Clinic and Covidien.

Soldsie seeds with $1m

In January, Soldsie said it had raised $425,000 from 72 investors through FundersClub.

MyPermissions allowed $1m

MyPermissions, an Israel-based application security provider, has raised $1m from a consortium including venture capital (VC) firm Lool Ventures, which has strategic backing from media group DLD. Alongside Lool in the round were VC firms 500 Startups and Plus Ventures, angel network 2B Angels and individual investor Robby Hilkowitz. Avichay Nissenbau, partner at Lool Ventures,… Continue reading MyPermissions allowed $1m

BMW gets into family circle

Life360, a US–based provider of safety applications, has raised an undisclosed amount from Germany-based car maker BMW’s corporate venturing unit, I Ventures. Life360 previously raised $3.5m in its series A round from venture capital firms Fontinalis Partners, which was founded by the chairman of car maker Ford to be its “eyes and ears” into external… Continue reading BMW gets into family circle

Citrix doctors its PHD

PHD Virtual Technologies, a US-based machine back-up and recovery service, has raised $2m in its series C round co-led by software provider Citrix and venture capital firm Insight Venture Partners. PHD has also borrowed $2m in venture debt financing from financial services firm Wellington Financial. PHD provides virtual backup to Citrix and VMware. Andy Cohen,… Continue reading Citrix doctors its PHD