Gynesonics Inc., a women’s healthcare company, has raised a $21 million Series D round led by HBM Partners. New investor Correlation Ventures and existing investors Abingworth, Advanced Technology Ventures and InterWest Partners also participated. The money will be used for clinical and commercial development of the company’s treatment for uterine fibroids.
4 min read · 20 February 2013
Xagenic Inc., a privately held molecular diagnostics company, has raised up to $990,000 in funding from the Government of Canada. The money will help fund design and development efforts. Xagenic is based in Toronto.
2 min read · 20 February 2013
Digital First Ventures, the venture capital arm of Digital First Media, has invested an undisclosed amount in digital advertising startup OwnLocal. Founded in 2010, OwnLocal provides white-label advertising platforms. Digital First Media is based in New York City.
3 min read · 20 February 2013
The Ivory Company, an Atlanta based home-decor company, has raised of $525,000 in angel financing. The money will be used for working capital and development, the company said. Details about investors were not released.
3 min read · 20 February 2013
Stormpath, maker of a secure user management and authentication service for developers, has closed on $8.2 million in Series A financing. New Enterprise Associates and Pelion Venture Partners led the round, with participation from Flybridge Capital Partners.
4 min read · 19 February 2013
PolyActiva has raised AUD $9.2 million ($9.5 million) in Series B financing. Investors including the Medical Research Commercialisation Fund, Brandon Biosciences Fund 1, Yuuwa Capital and angel investors. The Australian company will use the infusion to continue preclinical and clinical development programs, which are aimed at treating eye infections.
4 min read · 19 February 2013
Trax Technologies, a Scottsdale, Ariz.-based supply-chain technology company, has raised $10 million in equity funding, it announced Thursday. Series B investors include River Cities Capital Funds and Capital Southwest Corporation.
3 min read · 15 February 2013
Quorum, an “entrepreneurs’ clubhouse” aimed at connecting entrepreneurs with investors and business advice, has raised more than $1 million from The University City Science Center, it announced Friday. Recent commitments made by Morgan Lewis, NewSpring Capital, Quaker Partners and Safeguard Scientifics triggered a challenge grant presented by the University of Pennsylvania, it said.
2 min read · 15 February 2013
HStreaming, a developer of “big data” analytics technology, has raised an undisclosed amount of venture funding led by Atlas Venture. Specifics of the deal were not released. HStreaming is based in San Francisco.
4 min read · 15 February 2013
Elcelyx Therapeutics has raised $20 million in Series C financing. The company is a developer of products including an over-the-counter weight loss product and a treatment for Type 2 diabetes. Elcelyx has raised a total of $43 million since it was founded in 2010. GSM Fund led the latest round, which also included Morgenthaler Ventures, Kleiner Perkins Caufield & Byers, and Technology Partners.
3 min read · 14 February 2013
