Tokai Pharmaceuticals, a biopharmaceutical company focused on treatment for prostate cancer, has closed a $23 million Series D3 financing round. The money will support clinical development of the company’s lead drug candidate. Existing shareholders Novartis Venture Fund and Apple Tree Partners provided the financing. Tokai is based in Cambridge, Mass.
4 min read · 20 September 2011
Adaptivity, provider of IT blueprinting software, has closed on $6 million in fresh capital from Intel Capital, Intersouth Partners and Noro-Moseley Partners. The money will come in two $3 million tranches. In addition to the funding, the company announced that Lee Congdon, chief information officer of Red Hat Inc., has joined the company’s board. Adaptivity previously raised $10 million in an October 2010 round.
4 min read · 20 September 2011
San Francisco-based Magisto has closed on $5.5 million in financing from Horizons Ventures and Magma Venture Partners. The company provides a free, web-based video editing service. Horizons led the Series B round. Magma was a previous investor in the company’s 2010 first round.
3 min read · 20 September 2011
Softbank Capital and Fairhaven Capital led a $6 million first round for CrowdTwist, developer of a social loyalty and rewards platform. kbs+p Ventures, Bertelsmann Digital Media Investments and several individual investors also participated in the round, the company said Monday.
4 min read · 19 September 2011
Light-Based Technologies Inc., which is backed by Vancouver-based GreenAngel Energy Corp., has raised $7.5 million. The Series B round was led by VantagePoint Venture Partners and Chrysalix Energy Venture Capital. The money will go to bolstering sales and marketing as well as helping to expand the company’s intellectual property portfolio. GreenAngel is a publicly traded company that invests solely in emerging private green technology companies.
3 min read · 19 September 2011
One Kings Lane has raised $40 million in new financing for its flash sales site for home décor and furnishings. New investors Tiger Global Management led the Series C round. Institutional Venture Partners, Kleiner Perkins Caufield & Byers and Greylock Partners also participated. Lee Fixel, managing director of Tiger Global, will join Greylock’s James Slavet and Kleiner Perkins’ Bing Gordon as observers on the board. One Kinds Lane is based in San Fransisco.
4 min read · 19 September 2011
KYTHERA Biopharmaceuticals Inc., a company developing products in aesthetic medicine, has closed on $37.4 million in Series D financing. KYTHERA’s investors include Versant Ventures, ARCH Venture Partners, Prospect Venture Partners, JAFCO, Partner Funds management, INVUS Financial Advisors, BBT Capital Management, and Altitude Life Science Ventures. Also joining the syndicate were Foley Ventures and Latham and Watkins. KYTHERA has now raised more than $108 million to date.
3 min read · 19 September 2011
ActivePath has raised $10 million in financing from Battery Ventures, Gimv NV and Genesis Partners. The money will help accelerate development and expand sales and marketing efforts for the company’s email marketing software. Scott Tobin, general partner at Battery Ventures; and Steven Coppens, partner at Gimv's venture capital team, will join ActivePath's board.
4 min read · 19 September 2011
Toronto-based gShift Labs, developer of a Search Engine Optimization software system, has sealed $1.1 million in financing from Canadian venture investor GrowthWorks. The company will receive an additional $500,000 from the Federal Economic Development Agency for Southern Ontario.
3 min read · 16 September 2011
Germany’s Apprupt, maker of in-content advertising technology, has raised an undisclosed amount of money from investors T-Venture, Neuhaus Partners and KfW, the company announced Friday. The infusion is aimed at expanding sales and product development efforts.
3 min read · 16 September 2011
