Davis, California-based Arcadia Biosciences, an agricultural products developer, has raised $65.6 million for its IPO after pricing its 8.2 million shares at $8 per share. The stock began trading Friday on the NASDAQ under the ticker symbol "RKDA." Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC are the lead underwriters. Arcadia’s backers include Mandala Capital Limited, CMEA Capital, BASF Venture Capital and Saints Capital.
2 min read · 15 May 2015
Cortendo AB has agreed to raise about $33.2 million in a private placement. Investors in this round include Longwood Capital, TVM Capital, Granite Point Capital, RA Capital, New Enterprise Associates, Broadfin Capital and HealthCap. Also, Cortendo has agreed to buy Aspireo Pharmaceuticals’ Somatoprim, which is being studied in the treatment of acromegaly. The value of the acquisition is about $30 million. Headquartered in Göteborg, Sweden and with offices in Radnor, Pennsylvania, Cortendo is a biopharmaceutical firm focused on orphan endocrine disorders.
4 min read · 15 May 2015
Singapore-based tech startup Alpha7 has secured S$3.1 million in funding. The investors were not named. According to the company, the capital infusion will be used for personnel hiring and product development.
3 min read · 15 May 2015
Denali Therapeutics Inc, a developer of treatments for neurodegenerative diseases, has launched with a $217 million investment commitment. The investors include Fidelity Biosciences, ARCH Venture Partners, Flagship Ventures and the Alaska Permanent Fund.
4 min read · 14 May 2015
Nashville-based NuSirt Biopharma, which focuses on helping people with chronic metabolic diseases, has secured $6 million in Series C funding. The investors included Hatteras Venture Partners, Mountain Group Partners and TriStar Technology Ventures.
3 min read · 14 May 2015
Boulder, Colorado-based Nivalis Therapeutics, a developer of drugs for patients with cystic fibrosis, has filed for an IPO. The number of shares that will be sold as well as the stock's pricing terms have yet to be set. Nivalis plans on trading the stock on the NASDAQ under the ticker symbol "NVLS." Cowen and Company and Stifel are serving as lead underwriters. The company's backers include Apple Tree Partners, Deerfield, RA Capital, Rock Springs Capital and Wellington Management.
3 min read · 14 May 2015
Los Angeles-based Silversheet, an intelligent credentialing platform provider, has received $2.9 million in seed funding. Upfront Ventures led the round with participation from other investors that included Rincon Venture Partners, SV Angel, Slow Ventures and BAM Ventures.
4 min read · 14 May 2015
Construction software provider PlanGrid has secured $18 million in Series A funding from Sequoia Capital. In addition to the funding, Doug Leone, a partner at Sequoia, has been added to PlanGrid's board of directors.
3 min read · 14 May 2015
Cincinnati-based Pinterest marketing platform Ahalogy has raised $8 million in funding. The investors included JobsOhio, Silicon Valley Bank, Origin Ventures, Hyde Park Venture Partners, CincyTech, North Coast Angel Fund, Vine Street Ventures and Drummond Road Capital.
3 min read · 14 May 2015
Montreal-based Mnubo, an internet of things data analytics company, has secured $6 million in Series A funding. White Star Capital and McRock Capital led the round.
3 min read · 14 May 2015
