Physicians Interactive bought the health community platform with financing supplied by existing investor Merck, through its Global Health Innovation Fund.
Month: July 2014
Knight salutes Sectoral fund with $13m investment
The pharmaceutical company has committed the capital to a healthcare venture fund formed by investment firm Sectoral Asset Management.
Fielding leaves BBC to join Techstars
Jenny Fielding has left BBC, where she headed up its digital ventures activities, to oversee Techstars’ R/GA-backed connected devices accelerator.
Affimed positive over $75m IPO
The Novo Nordisk-backed cancer drug developer has set a $75m target for its initial public offering and will use the proceeds to fund further research.
MapR charts growth with $110m round
Google Capital led the $80m Qualcomm-backed equity portion of the round, which took MapR’s overall financing to $174m.
NVCA’s James sets out objectives
US trade body the NVCA’s incoming chair of the Corporate Venture Group [CVG] Mary-Kay James, of DuPont Ventures, sets out her agenda for the coming year.
ElectroCore stimulates $50m
Medical company ElectroCore has expanded its series A round to $50m as it prepares to submit its migraines and cluster headaches device for regulatory approval.
Globo locates Sourcebits for acquisition
IDG-backed software developer Sourcebits, which has operations in both India and the US, has been acquired by software company Globo for an undisclosed amount.
Nanotechnology company HZO raises $20m
Nanoscale coating company HZO has raised $20m in an oversubscribed round of series B funding, which follows $7m raised in 2011.
McConomy fires her way into RocketSpace
McConomy, who formerly worked at Mindjet and PricewaterhouseCoopers, will work in the technology campus’ corporate innovation programme.
Legend Capital makes Wish for $50m series C
Shopping app Wish, which uses algorithms to learn customers’ likes and dislikes to create wishlists, has raised $50m in a third round of funding.
Intel sells 9.3% stake in Imagine
Intel Capital has shrunk its stake in UK-based communications equipment provider, Imagination Technologies, selling 9.3% of its stake in the company.
Startups in style for Myntra as it launches incubator
Myntra will invest up to $1m in graduates of the incubator, which is the first to be launched by an India-based e-commerce company.
Miragen receives second tranche of $20m series B
Pharmaceutical company Amgen reinvested in the biopharmaceutical company, which concurrently announced a partnership with research firm Servier.