VCJ Staff

Wright Therapy Products Inks $3M

Wright Therapy Products Inc., a maker of home-based medical products for patients suffering from lymphedema and venous insufficiency, has closed on $3 million in Series B financing. The money came primarily from angel investors working through Eagle Ventures, based in Shadyside, Penn. Wright Therapy is based in Pittsburgh.

Cardiosonic Closes On $6.1M Series B

Cardiosonic Inc., a company developing technology in the field of Renal Denervation for the treatment of Hypertension, has closed on $6.1 million in Series B financing. An undisclosed “strategic investor” led the round. Cardiosonic is based in Tel Aviv, Israel.

AppFirst Closes $8.7M Series B

AppFirst, a provider of SaaS-based application management technology, has closed an $8.7 million Series B round with Safeguard Scientifics. As part of the deal, Safeguard's Philip Moyer will join AppFirst's board. Founded in 2009, AppFirst is a New York City-based company venture backed by FirstMark Capital, First Round Capital and Javelin Partners. The company has raised a total of $15 million to date.

Avelas Biosciences Inks $7.65M

Avelas Biosciences, which is developing technology for the visualization of cancerous lymph nodes in breast cancer patients, has raised $7.65 million in Series A financing. The company is funded by Avalon Ventures.

Moderna Therapeutics Backed by $40M

Cambridge, Mass.-based Moderna Therapeutics has closed on more than $40 million in financing to date, led by Flagship Ventures, the company announced Thursday. The company is developing “messenger RNA Therapeutics.” Moderna was founded within Flagship VentureLabs.

Ireland’s Powervation Nabs $7M Series C

Powervation Ltd. has raised $7 million in Series C financing, the company announced Wednesday. Publicly traded Semtech Corp. joined existing investors Intel Capital, SEP, VentureTech Alliance and Braemar Energy Ventures in the round. Enterprise Ireland joined the funding round with an R&D investment, the company said.

SurgiQuest Adds $18.5M

SurgiQuest has closed an $18.5 million round consisting of equity and debt financing. The Series D round closed at the end of September and included $7.5 million in equity, and an $11 million credit facility, the company announced Wednesday. Ares Capital Corp. provided the $11 million credit facility.

CipherCloud Raises $30M

CipherCloud, which develops technology to protect cloud data, has raised $30 million in funding from Andreessen Horowitz, the company announced Wednesday. CipherCloud has raised money from Andreessen Horowitz previously, as well as from Index Ventures and T-Venture, the venture capital arm of Deutsche Telekom. As a result of the funding, John Jack, a board partner at Andreessen Horowitz and former CEO of Fortify Software, will join the company's board of directors.

BioCision Inks $2.5M

BioCision, a Larkspur, Calif.-based developer of sample standardization tools for life science research, has raised $2.5 million in debt and equity financing, the company announced Tuesday. BroadOak Capital Partners led the round, with participation from Research Corporation Technologies. The funds will help bolster sales, marketing and development efforts.

Boston-based Playrific Seals $1.7M

Playrific, a Boston-based digital media aggregation service for children, has raised $1.7 million in financing. Angel investor network Golden Seeds led the round. Other investors include Launchpad Venture Group, Walnut Ventures, Northeast Angels and Maine Angels.