Woburn, Mass.-based Flexion Therapeutics Inc. has closed on $20 million in Series B financing. Novo Ventures, a new investor, led the round. Flexion's existing investors 5AM Ventures, Pfizer Venture Investments, Sofinnova Partners and Versant Ventures also participated. Proceeds will be used to fund late stage clinical development of the company's therapies for the treatment of osteoarthritis. Heath Lukatch, a partner in Novo Ventures, has joined the company's board.
3 min read · 04 December 2012
Riordan, Lewis & Haden Equity Partners has backed Siteworx, a provider of strategy, design, and implementation services for web content management software. Terms were not released. Siteworx is based in Reston, Virginia.
2 min read · 04 December 2012
Mobitto, a Lisbon-based maker of a crowd-sourced mobile loyalty app, has sealed an undisclosed amount of financing from Portuguese footballer Cristiano Ronaldo. Specifics of the investment were not released.
3 min read · 04 December 2012
Kona Medical Inc. has closed its Series C round with the addition of $10 million in equity and debt, bringing total proceeds to $40 million. Investors include Essex Woodlands, Domain Associates, Morgenthaler Ventures, Western Technology Investments, and BioStar Ventures. Silicon Valley Bank provided the debt facility. Kona Medical is based in Bellevue, Washington, and Menlo Park, Calif. The company is developing ultrasound technology to treat the nerves leading to and from the kidney.
2 min read · 04 December 2012
Biopharmaceutical company Zafgen Inc. has closed on $21 million in fresh capital for continued development of its obesity drug, beloranib. Alta Partners led the round, and was joined by existing investors Atlas Venture and Third Rock Ventures.
3 min read · 04 December 2012
Fitness Interactive Experience has raised an undisclosed amount of seed financing from Louisiana-based BVM Capital. Fitness Interactive is developing an interactive social media platform aimed at making fitness engaging and enjoyable, the company says.
4 min read · 03 December 2012
Magenta Medical has raised $4 million in seed financing from Pitango Venture Capital. Formed in October 2012, the company is developing treatments for congestive heart failure.
3 min read · 03 December 2012
Evernote, a maker of note-taking technology and products, announced Friday that it had sealed $85 million in new financing. London-based AGC Equity Partners/m8 Capital led the round, with participation from Valiant Capital Partners and existing investors including T.Rowe Price Associates Inc. Evernote said that 75% of the money comes in the form of a secondary investment, with existing shareholders selling stock. Evernote closed a $70 million round in May from investors including Meritech Capital, CBC Capital, T. Rowe Price Associates, Harbor Pacific Capital and Allen & Company.
2 min read · 03 December 2012
New York City-based Nomorerack, an online shopping company, has raised $12 million in Series A financing, led by pan-Asian e-commerce company Giosis Gmarket. The company says it was formed in 2010, and bootstrapped initially.
3 min read · 03 December 2012
Cheryl Maliwanag, a director for Pathway Capital Management, says the $25 billion fund of funds manager is “pretty excited about the opportunity” in venture.
2 min read · 03 December 2012
