Let’s Hope THIS One Doesn’t Contaminate, Um, Everything: Tony Hayward files for IPO to raise £1 billion for Vallares We Should Have Done That in 1998: Turns out the NYT’s paywall was a good idea SPACs! Are they back (preview: probably not, but here’s a new one anyway!) Spooked? Ambit Biosciences withdraws its IPO registration
1 min read · 09 June 2011
Taykey, the Israel-launched mobile advertising technology company, just wrapped a $9 million funding from investors including Crescent Point, Softbank Capital and Sequoia Capital. Now, says co-founder and CEO Amit Avner, the company—at just $11 million raised—will build out its New York offices as it looks....
2 min read · 09 June 2011
Syndax Pharmaceuticals, the Massachusetts-based oncology company, took on Arlene Morris to its board of directors. Morris was most recently the CEO and board member of Affymax Inc., the biopharma company spun from GlaxoSmithKline. Among Syndax’s backers are Domain Associates, MPM Capital, Avalon, Pappas and Forward Ventures.
3 min read · 08 June 2011
General Compression, the Massachusetts-based renewable energy company, announced it has closed the first tranche of its $54.5 million Series B round. The company, founded in 2006, did not publicize other details of the financing. Already its first project, with GC investor ConocoPhillips, is underway. This recent round of funding was led by Toronto-based Northwater Capital Management, Inc. Other investors in General Compression include US Renewables Group, Duke Energy, and Serious Change L.P.
2 min read · 08 June 2011
David M.V. Barnes will join Imperial Capital as a managing director and head of its financial sponsors coverage team in the investment bank’s LA office. Previously, Barnes had been with investment bank Houlihan Lokey.
3 min read · 08 June 2011
Got Our E-mails? Get our e-mails. For FREE! Killing It: Five markets already controlled by Apple FacialRecognitionBook: Facebook expands tech to automatically ID people in photos, arising concerns, prompting untagging from unflattering shots Duh, Losing! Futures headed south as investors continue handwringing
1 min read · 08 June 2011
Accel Partners and Meritech Capital Partners led a $50 million investment in YapStone Inc., a provider of electronic payments as a service for property management and other vertical market segments. Financial Technology Partners LP and FTP Securities LLC served as exclusive strategic and financial advisor to YapStone. Specifics on the transaction were not publicized.
4 min read · 07 June 2011
Utah-based Social network XYDO.com raised $1.25 million in a seed funding led by EPIC Ventures, the Draper Fisher Jurveston partner fund. Specifics on the funding round were not publicized. Nick Efstratis, a managing director at EPIC Ventures, who will join XYDO's board of directors.
3 min read · 07 June 2011
IDG Ventures and Granite Ventures, along with some of the company’s original investors, banded together to provide digital games publisher Telltale Games with a $7 million Series C investment. Phil Sanderson, IDG MD, and Chris Hollenbeck, Managing Director of Granite Ventures, worked on the transaction.
4 min read · 07 June 2011
Cyterix Pharmaceutics has landed $9.2 million from The Column Group and SV Life Sciences for its Series A Round. As part of the transaction, Tim Kutzkey, Ph.D., Partner at The Column Group, and Lutz Giebel, Ph.D., Managing Partner at SV Life Sciences, have joined the Cyterix Board of Directors. The company was founded in 2010.
6 min read · 07 June 2011
