Square 1 Bank has provided a $3 million term loan to SteadyMed Therapeutics Inc., a specialty pharmaceutical company developing a pre-filled, large volume subcutaneous delivery system. The money will be used for working capital. SteadyMed is backed by KB Partners and Samson Ventures.
2 min read · 09 April 2013
Cleave Biosciences has added $10 million in Series A financing from new investor New Enterprise Associates, bringing its Series A total to $54 million. In the fall of 2011, Cleave raised $44 million from US Venture Partners, 5AM Ventures, Clarus Ventures, OrbiMed Advisors, Astellas Venture Management and Osage University Partners. The company is focused on cancer drug discovery and development.
3 min read · 09 April 2013
ForgeRock Inc., a maker of open source identity and access management technology, has raised a $15 million Series B round of financing led by Foundation Capital. Existing investor Accel Partners also participated. The company, which has now raised a total of $22 million, will use the money for sales and expansion. Warren Weiss, General Partner with Foundation Capital, will join the board.
4 min read · 09 April 2013
AIQ Inc. has raised $5 million in new capital, designed to expand the company’s online directory of financial advisors and publisher of syndicated personal finance content and advisor rankings. The Series A equity investors include Penton Media Inc.; Rory Curran, founder and former CEO of UK-based financial advisor software company 1st Software; and Peter Wilson-Smith, a founder of Financial News and efinancialnews.com.
4 min read · 08 April 2013
DeepFlex, a manufacturer of unbonded composite flexible pipe used in subsea oil and gas production environments, has sealed investments from Brazilian PE firms Mare Investimentos and Mantiq Investimentos. The company also inked funds from existing investors AEM Capital and Promon International of Brazil and Energy Ventures, Klaveness Marine, and Mobelmagasinet Tvedt of Norway. Details of the investment round were not disclosed.
3 min read · 08 April 2013
China’s Miaozhen Systems, a third-party big data company in the advertising industry, closed on $10 million in Series C financing recently. CBC Capital, a Beijing-based TMT-focused private equity fund, led the round. Redpoint Ventures, KPCB, as well as WPP Digital, also participated.
2 min read · 08 April 2013
GenSight Biologics, a company focused on the development of ophthalmic therapeutics using gene therapy, has closed a 32 million euro ($41.6 million) Series A round. Novartis Venture Fund, Abingworth LLP, Versant Ventures and Index Ventures co-led the round. GenSight is based in Paris, on the campus of the Vision Institute.
4 min read · 08 April 2013
VisibleBrands has raised $4.6 million via the close of a Series A Round of funding and follow-on Series B Convertible Note. The company is developing a cloud-based, in-store, digital promotions network.
3 min read · 05 April 2013
Zerto, a disaster recovery company focused on virtualized data centers, has raised $13 million in Series C financing. The round was led by RTP Ventures, an affiliate of ru-Net Holdings, with support from existing investors Battery Ventures, Greylock and U.S. Venture Partners. Murat Bicer, managing director of RTP Ventures, will join the company’s board of directors.
4 min read · 05 April 2013
NetSocket, a provider of network service assurance technology, has raised $9.2 million in Series B funding. The round was led by new investor Venture Investors, with participation by existing investors Sevin Rosen Funds, Silver Creek Ventures and Trailblazer Capital.
2 min read · 05 April 2013
