NICO Corp, an Indianapolis-based neurosurgery medical device manufacturer, raised $15 million in funding. Nearly $10 million of the funds raised came from River Cities Capital Funds and Rose-Hulman Institute of Technology, both investors in NICO since the company formed in 2008.
4 min read · 24 February 2016
Nestlé Health Science invested $42.5 million in Pronutria Biosciences Inc, a biotechnology company based in Cambridge, Massachusetts. Pronutria was founded within VentureLabs, the startup incubator within Flagship Ventures. The company has also received funding from Fidelity Research & Management Group and Gurnet Point Capital.
3 min read · 24 February 2016
Deem, a technology provider for ground transportation operators, acquired Whisk, a New York-based car service app and developer of software for ground transportation operators. Whisk backers include Correlation Ventures, ff Venture Capital and others.
4 min read · 23 February 2016
SpectraScience Inc, a medical device company, acquired the assets of Oncoscope Inc, a Durham, North Carolina-based developer of a proprietary optical imaging system. Oncoscope has received funding from Applied Ventures, IDEA Fund Partners and others, according to earlier press releases.
2 min read · 23 February 2016
BetterView, an aerial and drone imagery solution for businesses, closed a $1.55 million fundraising round led by Arena Ventures, Metamorphic Ventures and angel investors. Additional investors include 500 Startups, Haystack, MetaProp NYC, and Router Ventures.
3 min read · 23 February 2016
Battery Ventures raised two new funds totaling $950 million. The main fund, Battery Ventures XI, pulled in $650 million. A side fund raised $300 million. Both vehicles reached their target investment levels. Battery will continue to invest in companies from the seed stage all the way to private equity deals. It typically deploys capital in increments of a few hundred thousand dollars up to deals worth $100 million.
3 min read · 23 February 2016
Namely, a human resources software platform for mid-market companies, raised $30 million in a late-stage funding round led by existing investor Sequoia Capital. Matrix Partners, True Ventures and Greenspring Associates also participated. The funding follows Namely's Series C round in June and brings the total funding raised to $107.8 million.
4 min read · 23 February 2016
ReSec Technologies raised $5 million in a Series A funding round led by PICO Venture Partners and Founders Group. ReSec is a developer of cyber protection technology based in Israel.
3 min read · 23 February 2016
Essilor, a French producer of ophthalmic lenses, bought Vision Direct Group, an online contact lens retailer backed by Octopus Ventures. Financial terms were not disclosed. This is the second significant exit for Octopus in 2016.
2 min read · 23 February 2016
Magma Venture Partners led a $6 million Series A funding round for Real, a technology-powered real estate brokerage based in New York. Real currently operates in seven states and Washington, DC.
2 min read · 23 February 2016
