Nexus eWater, a developer of "practical" on-site water and energy recycler for new and existing homes, has raised $2.1 million in Series A funding. Thomas Reeves Hitchner, the retired general partner of QuestMark Partners, led the round with participation from other investors that included ANU Connect Ventures, the Sydney Angels and the Sydney SideCar Fund. In addition to the funding, Hitchner has been added to Nexus eWater's board of directors while ANUCV's Mark C. Gauci will also join as the board representative for his company.
5 min read · 05 March 2015
Lucio Lanza has resigned from nanotech-focused venture firm Harris & Harris Group Inc's board of directors. The reason cited for Lanza's departure were "disagreements over the company's strategic direction." Lanza is a managing director of Lanza techVentures.
2 min read · 05 March 2015
OGSystems, which is backed by General Catalyst Partners, has acquired Portland, Oregon-based Urban Robotics, a provider of advanced airborne military intelligence, surveillance and reconnaissance applications. No financial terms were disclosed.
3 min read · 05 March 2015
American truckers' app Trucker Path has raised $1.5 million in funding. The investor was Renren. According to the company, the capital infusion will be used for growth.
3 min read · 04 March 2015
OpGen Inc has filed for an IPO. The number of shares that will be sold as well as its pricing terms have yet to be set. The company plans on listing its stock on the NASDAQ under the ticker symbol "OPGN." Maxim Group LLC is serving as sole underwriter. Based in Gaithersburg, Maryland, OpGen is a molecular diagnostics company. OpGen's backers include CHL Medical Partners, Highland Capital Partners, Mason Wells Biomedical and Versant Ventures.
2 min read · 04 March 2015
Research Triangle Park, North Carolina-based Vascular Pharmaceuticals Inc, a diabetes-focused pharmaceutical company, has secured $9 million in Series A funding. The investors included Lumira Capital, Intersouth Partners and MPM Capital. In addition to the funding, Dr. Beni Rovinski, managing director of Lumira Capital, has been added to VPI's board of directors.
3 min read · 04 March 2015
San Francisco-based neighborhood social network Nextdoor has raised $110 million in funding, the company announced in a blog post on its site. The investors were not named; although according to the New York Times, they include Redpoint Ventures and Insight Venture Partners. To read the post, visit here.
1 min read · 04 March 2015
San Francisco-based on-demand parking service Luxe has received $20 million in Series A funding. The investors were Venrock and Redpoint Ventures. In addition to the funding, Brian Ascher of Venrock and Ryan Sarver of Redpoint Ventures have been appointed to Luxe's board of directors. Also, Luxe has hired Ro Choy as chief business officer.
3 min read · 04 March 2015
Longmont, Colorado-based Terralux, a maker of LED lighting, has received $11 million in funding. EnerTech Capital led the round with participation from other investors that included Generation Investment Management, Crawley Ventures, Emerald Technology Ventures and GC&H Investments.
2 min read · 04 March 2015
Portland, Oregon-based Building Energy, which provides solutions for managing energy efficiency in buildings, has received $300,000 in funding. The investor was Lighter Capital.
2 min read · 04 March 2015
