Stanford-backed iRhythm raises $16m series D round led by Norwest Venture Partners.
Author: Gregg Bayes-Brown
Optus backs Melbourne University spin-outs
Optus, a subsidiary of SingTel, backs spin-outs from University of Melbourne.
AGTC raises $37.5m
SR One leads the $37.5m B round for the gene therapy company with existing corporate investor MedImmune Ventures also investing.
TareasPlus adds up $1.8m
Online Spanish language educator TareasPlus receives $1.8m in seed funding from distance learning provider Academic Partnerships.
The Big Deal: Causing a public Ruckus
Ruckus claims that nearly 60% of its revenues comes from telecommunications carriers such as Deutsche Telekom, demonstrating the strong business model of turning your financial backers into paying customers.
The Big Deal: Thesan’s new dawn
Thesan Pharmaceuticals, a US-based dermatology-focused drugs developer, has received a “golden hello” to the pharma world in the form of $16m series A round co-led by European-based peers Novo Group and Novartis’ corporate venturing units. The investment will be used by Thesan (whose name is drawn from the eponymous goddess of the dawn and was… Continue reading The Big Deal: Thesan’s new dawn
The Big Deal: Ancestry and LivingSocial
Question of whether senior management can invest counter-cyclically and stay the course if the investment thesis remains true even if economic conditions turn sour.
Ancestry endowed with $1.6bn from Permira
Permira snaps up Ancestry, which raised venture funding from AOL and Compaq, in a take-private deal.
Big Deal: YY seeks to thaw icy US IPO conditions
China-based gaming portal and downloads site YY.com is seeking a US initial public offering [IPO] after filing its F-1 with the SEC on Monday, and is looking to raise $100m in the offering.
Gliknik raises $4.9m led by Baxter
Baxter International’s corporate venturing unit was also joined by existing investors, bringing its total venture funding to $8.4m.
Kidaptive grows up with CrunchFund
Children’s app developer Kidaptive has raised an undisclosed seed round led by Menlo Ventures and with participation from AOL-backed CrunchFund, which news provider TechCrunch has described as “large” and “over-subscribed”. Aside from Menlo and Crunchfund, the round also saw participation from Veddis Ventures, S-Cubed Capital, VKRM Ventures, accelerator iCamp, and Kidaptive’s animation partner Prana Holdings.… Continue reading Kidaptive grows up with CrunchFund
KaloBios files for $60m float
Other stockholders in the US-based antibody research company backed by Mitsubishi, include MPM BioVentures (17.72%), Sofinnova Ventures (11.86%), Alloy Ventures (11.19%), and Fidelity Ventures (9.71%).
Motorola Solutions shoots for SST
The makers of gunshot locating software ShotSpotter secures $12m round with participation from venture firms Lauder Partners, Levensohn Venture Partners, Claremont Creek Ventures, as well as Motorola Solutions Venture Capital.
Ruckus dials into IPO
Motorola and Deutsche Telekom-backed WiFi products manufacturer Ruckus Wireless files for flotation after raising $54.2m in its history.