Arsenal Medical, a Watertown, Mass.-based bio-pharma company, has spun out 480 Biomedical Inc. as a stand-alone company focused on the development of a bioresorbable scaffold for treating occlusive disease in the femoral artery. The company also announced a $15 million round for 480 Biomedical, which will be used to fund clinical studies. Also, a $3 million round for Arsenal Medical will be used to support its proprietary nanofiber-based drug delivery and therapeutic foam product platforms. Polaris Venture Partners, North Bridge Venture Partners and Intersouth Partners contributed to both rounds.
4 min read · 26 October 2011
Ashland, Oregon-based Brammo Inc. has raised $28 million in Series B financing. The company, which develops electric vehicle technology and manufactures two-wheel electric vehicles, will use the money to accelerate development plans. Polaris Industries led the round, which included contributions from Alpine Energy and NorthPort Investments.
3 min read · 26 October 2011
Sociable Labs, a startup that helps online retailers boost referral traffic, has closed on $7 million in Series B financing. Battery Ventures led the round, with participation from Series A lead investor Javelin Venture Partners. As a result, Battery Ventures partner Brian O'Malley is joining the board.
3 min read · 26 October 2011
CrowdOptic, maker of an analytics platform that detects where crowds are focused in real time based on the fans' use of their smart phones, has raised $500,000 in new funding. Terms of the round were not released. The company also said that it signed a deal to provide its technology to security services firm Andrews International. CrowdOptic is based in San Francisco.
3 min read · 26 October 2011
After recently closing a $5 million financing round, Russian game publisher Pixonic has opened offices in San Francisco. The company, formed in 2009, is backed by venture investors including Ventech, Kite Ventures and TA Venture.
2 min read · 26 October 2011
MedVentive has closed a $12 million Series D round. Investors National Healthcare Services and CHV II L.P. were joined by existing investors including CHV Capital, Core Capital Partners, Excel Venture Management, HLM Venture Partners and Long River Ventures. National Healthcare Services is the investment arm of MemorialCare Health System in California. MedVentive is a provider of business and clinical intelligence and outreach applications designed to help reduce healthcare costs and improve the quality of patient care.
3 min read · 26 October 2011
NeuString, a Dubai-based supplier of predictive data analytics software for mobile communications, has closed on an undisclosed amount of Series B financing led by Intel Capital. Intel was an early investor in the company.
4 min read · 26 October 2011
3 min read · 26 October 2011
4 min read · 25 October 2011
3 min read · 25 October 2011
