CytRx Corp entered into a long-term loan and security agreement with Hercules Technology Growth Capital Inc and Hercules Technology III LP for up to $40 million in financing. CytRx is a biopharmaceutical research and development company specializing in oncology.
4 min read · 09 February 2016
Redalpine Venture Partners AG invested in Jodel, a Berlin-based social newsfeed app, the Swiss firm said in a statement on its website. Terms of the investment were not disclosed.
1 min read · 08 February 2016
The Raine Group, a merchant bank that also manages private equity and venture funds, invested in Imagine Entertainment, a production company founded by Ron Howard and Brian Grazer. Terms of the investment were not disclosed.
4 min read · 08 February 2016
AccelFoods, an accelerator for packaged food and beverage companies, added six startups to its portfolio. The companies, part of AccelFoods’ fourth class, are the first to be backed by the accelerator’s newly launched $20 million second fund.
3 min read · 08 February 2016
Morado Ventures led a $2.4 million initial round of seed funding for VIMOC Technologies, an internet of things platform. Flext Lab IX, ET Capital Partners and several angel investors also participated. VIMOC plans to complete the seed round’s final close in February with a total investment of $3 million.
2 min read · 08 February 2016
Hired, a jobs marketplace for techies, raised $40 million in Series C funding, the company said in a statement. Lumia Capital led the round, which brings the startup’s funding to over $70 million. Hired was previously known as DeveloperAuction.
1 min read · 08 February 2016
Orlando, Florida-based Vestagen Technical Textiles Inc, a medical technology company developing apparel for healthcare applications, raised $7 million in financing. Advent Life Sciences and HealthQuest Capital led the round, which was a planned extension of the company’s previous financing. Vestagen also named Bill Bold as chief executive officer. Bold replaces Dale Pfost, PhD, who was serving as interim CEO and remains chairman of the board.
3 min read · 08 February 2016
Ballast Point Ventures led a $10 million investment in St. Petersburg, Florida-based PowerChord Inc, a provider of digital brand management software and services. The Burton Partnership also participated in the investment round.
3 min read · 08 February 2016
Revolut, a mobile foreign exchange service, closed a 3.2 million pound ($4.8 million) seed round. Index Ventures invested 1 million pounds ($1.45 million), joining previously announced backers Balderton Capital, Seedcamp, Point Nine, Venrex and a handful of angels.
2 min read · 05 February 2016
Madrona Venture Group led a $9 million Series A funding round for Amperity, a marketing technology company based in Seattle. Other investors in the round include Liquid 2 Ventures founder Joe Montana and Rajeev Singh, co-founder of Concur. Concurrent with the funding, Matt McIlwain, managing director at Madrona, will join the company’s board.
2 min read · 05 February 2016
