Third Rock Ventures announced Thursday the formation of Jounce Therapeutics, a company focused on developing cancer immunotherapies. Jounce is backed by a $47 million Series A financing round, Third Rock said in a written release.
5 min read · 14 February 2013
Volvo Group Venture Capital, a subsidiary to the Volvo Group, has put an undisclosed amount of money into DriveCam. San Diego, Calif.-based DriveCam is a driver risk management company. Volvo Group is now a minority shareholder in the company.
3 min read · 13 February 2013
Boston-based Redstar Ventures Wednesday announced the launch of LoopIt. The startup aims to help consumers reach out across their social networks for advice when shopping online. In January, LoopIt received seed funding from early-stage venture capital fund Avalon Ventures.
4 min read · 13 February 2013
Nokia Growth Partners led a $14 million Series C round for mobile advertising company Verve Mobile. New investor Qualcomm Ventures and Series B lead investor BlueRun Ventures also participated. Verve has offices in New York, Washington D.C., and San Diego, Calif.
2 min read · 13 February 2013
Square 1 Bank is providing a $2.5 million credit facility to Austin-based Hospitalists Now Inc., a hospital management company. The money will be used for working capital, and for growth efforts.
2 min read · 12 February 2013
CoverHound, an insurance startup, has raised a $4.5 million Series A round led by RRE Ventures. Bullpen Capital and existing investor Blumberg Capital also participated. The company has raised a total of $6.5 million.
4 min read · 12 February 2013
Nok Nok Labs, a Silicon Valley startup that is developing technology to help companies quickly validate the identities of their users over the Internet, said on Tuesday that it has raised $15 million in early financing from ONSET Ventures and Doll Capital Management, Reuters reported. The firm, which was founded in November 2011, is collaborating with companies including Ebay Inc.'s PayPal electronic payment division, PC maker Lenovo Group Ltd. and semiconductor maker Infineon Technologies AG to establish standards to help businesses quickly authenticate a person's identity from mobile phones, PCs and any other device that is connected to the Web.
2 min read · 12 February 2013
Aviir Inc., a biotechnology company focused on the prevention of cardiovascular disease, has raised $10 million in a new tranche of financing. Investors include Partners & Partners, Bay City Capital, Aberdare Ventures, and New Leaf Venture Partners.
4 min read · 12 February 2013
Norwest Venture Partners has acquired a 50% stake in Bailey44, a privately held women’s apparel brand. Bailey44 was formed in 2006. With this investment, NVP’s Sonya Brown and Rob Arditi have joined Bailey44’s board.
3 min read · 12 February 2013
Nomi has closed on $3 million in seed financing led by First Round Capital. Greycroft Partners, SV Angel, Forerunner Ventures, and individuals including Ralph Mack, Dave Tisch, Andy Dunn, and Sam Decker also contributed.
3 min read · 11 February 2013
