The New York-based media marketing firm Simulmedia has raised another $5 million in funding from Time Warner Investments, Avalon Ventures, and Union Square Ventures, according to an SEC Filing. The investors have collectively invested roughly $32 million in Simulmedia since its 2009 founding.
1 min read · 13 February 2013
BackBay Communications, a public relations firm with offices in New York and Boston, has hired George White as an account supervisor in its New York office and Alissa Doherty as a senior account executive in its Boston location. White was most recently a financial journalist at The Deal; Doherty comes from the financial technology company ITG.
2 min read · 13 February 2013
Pressure Biosciences, a Boston-based company that develops lab instruments, has named Mickey Urdea to its board of directors. Urdea founded and is a managing partner for Halteres Associates, a biotechnology consulting firm. He also founded and served as CEO of Tethys Bioscience.
6 min read · 13 February 2013
Eventide Asset Management, a Boston-based investment advisory firm that is "committed to biblically responsible investing," has launched a new fund, the Eventide Healthcare & Life Sciences. The fund's lead portfolio manager is Finny Kuruvilla, who also serves as a principal at the healthcare venture capital firm Clarus Ventures.
5 min read · 13 February 2013
Boston-based healthcare tech company Kyruus has a new board member: Ed Park, the COO of Athenahealth. Park was an early investor in Kyrruus, which has raised roughly $20 million from investors including Highland Capital Partners and Venrock since 2011.
2 min read · 13 February 2013
Entrepreneurs' access to broader funding sources -- including many former entrepreneurs --continues to pay off hugely when it comes to who controls their company. So one could conclude from a newly released report on financing trends by the storied Silicon Valley law firm Wilson Sonsini Goodrich & Rosati.
2 min read · 12 February 2013
Singapore-based Asia Growth Capital Advisors (AGCA) has acquired of a portfolio of private equity investments in Asia from Credit Suisse, its affiliates and other investors in Credit Suisse Private Equity Asia Partners, L.P. AGCA worked with HarbourVest Partners, which was the lead investor in the transaction.
3 min read · 07 February 2013
Coalfire, a Louisville, Colo.-based software company focused on risk and compliance, has closed $3.6 million in funding from Baird Capital. It's Baird Capital's second round of venture funding for Coalfire, following a $5 million Series A investment in February 2011.
3 min read · 07 February 2013
Desert NDT, an Odessa, Tex.-based testing company serving the mid-stream oil and gas market, has appointed Larry Ames as CEO. Ames was formerly the CEO and president of the Americas at Transfield Services. He succeeds Doug Frey, who will remain a director on the company's board.
3 min read · 07 February 2013
Flamel Technologies, a drug discovery company based in Lyon, France, has raised $15 million in debt financing from New York-based Deefield Management Company. Deerfield is an existing shareholder; the funding -- which Flamel will have to pay back in four years' time, along with 12.5 percent interest interest -- will allow Flamel to continue its investment in R&D.
1 min read · 07 February 2013
