PCH International said it is launching Highway 1, an incubator for seed-stage hardware startups that will include a four-month instructional program and up to $20,000 in seed capital. The incubator was announced in a blog post here. It will serve as a complement to the PCH Accelerator for post incubation-stage startups and initially accept 10 companies.
1 min read · 26 June 2013
3 min read · 26 June 2013
Middle Peak Medical said it raised $8.5 million in a Series A financing in a deal co-led by Wellington Partners and Seventure Partners, along with seed investor High-Tech Gründerfonds Management GmbH. The money will fund development of Middle Peak’s technology for treating mitral valve disease
3 min read · 26 June 2013
Inadco, Inc. said it raised $11 million in a Series B round led by U.S. Venture Partners and joined by existing investor Redpoint Ventures. The company had previously raised a $5 million Series A round from Redpoint, SV Angel, Mike Walrath, former CEO of Right Media, and Matt Coffin, founder of LowerMyBills.com.
3 min read · 26 June 2013
So far, 2013 has been a relatively welcoming environment for venture-funded startups. Twenty-five initial public offerings have been completed, according to data from peHUB publisher Thomson Reuters, and 17 of them, 68%, are trading above their offering price.
2 min read · 26 June 2013
Microsoft said Tuesday it created Microsoft Ventures to unify its approach to startups. In a blog post, it described Microsoft Ventures as a "coordinated global effort that offers tools, resources, expertise and routes to market by providing mentorship, technology guidance, seed funding, joint selling opportunities and other benefits."
1 min read · 25 June 2013
The private equity overhang dropped substantially in the past three years, according to research by Cambridge Associates. The overhang - uncalled capital available for investment - declined from a peak of $445 billion at the end of 2009 to about $325 billion by the end of 2012, according to a report from Cambridge. A variety of factors explain the decline.
2 min read · 25 June 2013
Artisan Mobile said it raised $5.5 million in Series A funding in a deal led by FirstMark Capital. The company had previously raised $1.5 million in a seed round also led by FirstMark Capital and joined by Artisan management and several angels. The money will be used to expand sales and marketing and accelerate product development.
4 min read · 25 June 2013
The Bouqs Company said it raised $1.1 million in seed funding from Quest Venture Partners, Siemer Ventures and angel investors Mich Mathews, the former CMO of Microsoft, Dennis Phelps, a partner at Institutional Venture Partners, Andy Dunn, founder of Bonobos, and Brian Spaly, founder of Trunk Club. The company operates a cut-to-order flower delivery service.
4 min read · 25 June 2013
Scott Hartley, a partner at Mohr Davidow Ventures, has been named a presidential innovation fellow. Hartley and 42 others were named to the second class of fellows and will spend six to 12 months focused on one of nine projects, the White House annoucned. The 1st class of fellows and their five projects kicked off in August 2012.
3 min read · 24 June 2013
