Volta Industries has closed $1.875 million in seed funding. Investors included EPIC Ventures, Blue Startups, 500 Startups and Ulupono Initiative, the Hawaii-based social investment firm of eBay founder Pierre Omidyar. According to Volta, the capital infusion will be used for product development and expansion. Based in Honolulu, Volta is a provider of electronic vehicle charging stations.
3 min read · 10 January 2014
Atara Biotherapeutics has raised $52 million in Series B financing. Investors in this round include Alexandria Venture Investments, Amgen Ventures, The Baupost Group, Celgene Corp., DAG Ventures, Domain Associates, EcoR1 Capital and Kleiner Perkins Caufield & Byers. Headquartered in Brisbane, Calif., Atara Biotherapeutics is focused on treating patients with cancer, kidney disease and other illnesses.
2 min read · 10 January 2014
Clementia Pharmaceuticals has raised $22.5 million in Series A financing. OrbiMed Advisors led the round with participation from return backer BDC Venture Capital. Clementia has also agreed to acquire the global rights to palovarotene, a retinoic acid receptor gamma agonist from Roche Pharmaceuticals. No financial terms were disclosed. Based in Quebec, Clementia Pharmaceuticals is a biotech company focused on developing a treatment for Fibrodysplasia Ossificans Progressiva.
5 min read · 10 January 2014
5AM Ventures has promoted Dr. Kush M. Parmar to partner and added Dr. Peter S. Kim as a venture partner. Previously, Dr. Parmar was at Harvard Medical School where he was an NIH-sponsored M.D./Ph.D. Physician Scientist Fellow in the joint Harvard-MIT Health Sciences and Technology Program. Dr. Kim is a biochemistry professor at Stanford University School of Medicine.
3 min read · 09 January 2014
According to VentureBeat, Yotpo has raised $10.7 million in funding. The site reported that Blumberg Capital led the round. Other investors included Rhodiu, Gandyr Group, Oliver Jung, 2B Angels, Magna Capital Partners, Plus Ventures and Zohar Gilon. Based in Tel Aviv, Israel, Yotpo is a provider of social reviews solutions for e-commerce websites.
1 min read · 09 January 2014
Mswipe has received an undisclosed amount of funding in a round led by Matrix Partners India. Based in Mumbai, India, Mswipe is a mobile point of sale device and services provider.
2 min read · 09 January 2014
According to TechCrunch, MobStac has closed $2 million in Series B funding. The investors were Accel Partners and Cisco. The site reported that MobStac is planning on using this capital infusion to expand its cloud platform. Based in Bangalore, India, MobStac helps publishers build and manage their mobile sites and apps.
1 min read · 09 January 2014
Flexion Therapeutics has filed for an IPO. The number of shares that will be offered and the pricing terms have not yet been set. BMO Capital Markets and Well Fargo Securities are serving as lead underwriters. Based in Burlington, Mass., Flexion is a pharmeceutical company developing treatments for musculoskeletal disorders. Its backers include Versant Ventures, Sofinnova Capital, Pfizer, 5AM Ventures and Novo.
2 min read · 09 January 2014
According to VentureWIre, Radius Intelligence has secured $13 million in funding from Formation8 Partners. Based in San Francisco, Radius in a big-data startup.
1 min read · 09 January 2014
San Diego-based biotech company Avelas Biosciences said Thursday that it has raised $6.85 million in Series B financing. Avalon Ventures led the round with participation from new investors Torrey Pines Investment, WuXi AppTec and an unnamed investor. Also, Avalon Biosciences has promoted Carmine Stengone to CEO. He and Nikolay Savchuk, managing director for Torrey Pines Investment, will join the board of directors. Avalon has appointed Jay Lichter, managing partner for Avalon Ventures, as board chairman.
3 min read · 09 January 2014
