Emeryville, Calif.-based e-commerce and marketing company Lithium Technologies has raised a whopping $53.4 million in new capital. New investor New Enterprise Associates led the round, with participation from new backer SAP Ventures as well as “all existing Lithium investors,” the company said. Lithium previously raised capital from investors including DAG Ventures, Tenaya Capital, Benchmark Capital, Emergence Capital and Shasta Ventures. The Series D round will go towards growth, including bolstering sales and marketing efforts.
5 min read · 05 January 2012
Social business platform Nimble has sealed $1 million seed round from Google Ventures and angel investors including Dallas Mavericks owner Mark Cuban, Jason Calacanis, Don Dodge and Dharmesh Shah. Nimble is based in San Diego.
4 min read · 05 January 2012
Boulder, Colo.-based Trada has closed on $9 million in Series D financing from Foundry Group and Google Ventures. The company – developer of a paid search and third-party Facebook advertising marketplace – will use the money for expansion.
4 min read · 05 January 2012
The Massachusetts Life Sciences Center announced Wednesday that it has backed three new early-stage life sciences start-ups with a total of $2.2 million in loans. The center’s Accelerator Program recently backed Intelligent Bio-Systems Inc., Allurion Technologies Inc. and Paragonix Technologies Inc.
5 min read · 04 January 2012
Klout, a San Francisco-based start-up that measures social influence online, has confirmed a new round of funding led by Kleiner Perkins Caufield & Byers. Institutional Venture Partners, Venrock, Greycroft and ff Venture Capital also participated in the round, which reportedly closed at $30 million.
2 min read · 04 January 2012
San Diego-based NeuroGenetic Pharmaceuticals has raised an undisclosed amount from Abbott Biotech Ventures. The company is focused on developing Alzheimer’s disease therapeutics.
3 min read · 04 January 2012
LockerDome, a social networking site for sports, has raised $750,000 in angel financing from investors including entrepreneurs Brian and Carol Matthews, who founded Primary Network and CDM Fantasy Sports; Capital Innovators, a St. Louis-based technology accelerator fund; Moosylvania Marketing; and Capital Innovators co-founder Hal Gentry.
2 min read · 04 January 2012
CytoPherx Inc., a developer of anti-inflammatory therapy for acute kidney injury, has raised $34 million in funding from Early Stage Partners, ONSET Ventures and Capital Midwest Fund. The money will be used to complete clinical trials and commercialize its therapy product. CytoPherx was founded in July 2007 and is based in Ann Arbor, Michigan.
3 min read · 04 January 2012
Eved, a Chicago-based company developing an online marketplace for the meeting and event industry, has raised $9.5 million in Series B financing. New World Ventures and MK Capital led the round, which will be used to expand its online platform. Existing shareholder Merrick Ventures also participated in the round.
3 min read · 04 January 2012
Elevation Pharmaceuticals Inc. said Wednesday that it had closed $30 million in Series B financing led by new investor Novo Ventures. The company, which develops aerosol therapy for patients living with chronic obstructive pulmonary disease, was also backed in the round by previous investors including Canaan Partners, TPG Biotech, Care Capital and Mesa Verde Venture Partners. As part of the deal, Novo Ventures’ Heath Lukatch joins the company’s board. Elevation is based in San Diego, Calif.
4 min read · 04 January 2012
