Mérieux Développement, the investment arm of the French biotech conglomerate Institut Mérieux, has led a $6.4m financing round for NeuroPhage, a life sciences company. Existing investors Shire Pharmaceuticals also joined the round, which takes the total funding raised by the company to $35m. Neurophage is developing treatments for neurodegenerative diseases, including Alzheimer’s, Parkinson’s and Huntington’s… Continue reading NeuroPhage builds with $6.4m investment
Month: May 2013
Stat-Diagnostica catches series B
Life sciences company raises $22m in round led by Kurma Life Sciences Partners.
CrunchFund’s Siegler jumps to Google Ventures
MG Siegler, a partner in CrunchFund, has stepped down to join Google’s corporate venturing arm Google Ventures. Siegler, a columnist on the TechCrunch website until 2011, was one of a team that built CrunchFund, the early-stage venture capital firm led by TechCrunch founder Michael Arrington after the site was sold to AOL. As at CrunchFund,… Continue reading CrunchFund’s Siegler jumps to Google Ventures
Google crowds in to CircleUp
Consumer goods crowdfunding site raises $7.5m from Google Ventures and Union Square Ventures.
Chrapaty on cloud nine at Nirvanix
Zynga CIO joins Intel Capital and Khosla Ventures-backed cloud startup.
PlaceIQ in right spot for $6.75m
Mobile location intelligence tools provider PlaceIQ, backed by corporate venturing unit kbs+ Ventures, takes its total funding raised to $11.95m.
Tie-ing together ‘the ultimate social network’
As one founder-turned-chairman of a large asset management company said: “It is more interesting to look at why an organization stays at the top than how it got there in the first place.” And this challenge of staying success has only become harder over the past few decades when viewed as turnover from the Fortune… Continue reading Tie-ing together ‘the ultimate social network’
AvantCredit raises $9m
Victory Park also provided a $25m credit facility to AvantCredit, which wrote its first loans this year and now has a loan portfolio of more than $4m.
NowThisNews screens $4.8m
NowThisNews, a US-based video news provider, has raised $4.8m to take its total in the past year to $10m from a consortium including media group Bedrocket Media Ventures. The other investors in NowThisNews included venture capital firms SoftBank Capital, Lerer Ventures and Oak Investment Partners. NowThisNews was founded by Ken Lerer and Eric Hippeau, previously… Continue reading NowThisNews screens $4.8m
UParts sources $2m
UParts, a US-based cloud platform for automotive parts sourcing and procurement, has raised $2m in its series A round from a consortium including Fraser McCombs Capital, the $40m corporate venturing fund of US-based car dealer BJ “Red” McCombs. Alongside Fraser McCombs Capital, which gathered external limited partners from individuals to raise the fund, in the… Continue reading UParts sources $2m
Zoove calls up $15m
Directors listed on the Securities and Exchange Commission filing include Michael Lee, managing partner of Rogers Venture Partners (RVP), the $150m corporate venturing unit of Canada-based phone operator Rogers Communications.
RVP adds $5m to Avalanche
Rogers Venture Partners (RVP), the $150m corporate venturing unit of Canada-based phone operator Rogers Communications, has invested $5m in Avalanche Technology, a US-based memory chip manufacturer, to complete its $35m series D round. Will Stewart, general partner at RVP, said: “We have had a long and successful experience investing in Petro Estakhri, Founder/CEO, and the… Continue reading RVP adds $5m to Avalanche
TrustID authenticates RVP
RVP joined venture capital firm Trinity Ventures and Norwest Ventures, which was set up by local bank Wells Fargo, in the B round.
Volvo-backed tech firm lands loan
Swedish Energy Agency grants loan to I-Tech, the Swedish tech firm backed by Volvo Technology Transfer.