Advanced Technology Ventures said Tuesday that it had backed four new companies: Aquion, a developer of battery and energy storage systems, which recently announced $30 million in new funding; Cedexis, a developer of community-based cloud performance monitoring and optimization technology; Second Genome, which is focused on microbiome-based personalized medicine; and Verastem, a company translating discoveries in stem cell research into new medicines for the treatment of major cancers. No terms were given.
2 min read · 13 September 2011
AM-Pharma NV, a Dutch developer of Alkaline Phosphatase for treatment of severe inflammatory diseases, has closed on 29.2 million euro ($39.8 million) in a Series D financing round led by Ysios Capital Partners. Kurma Life Science Partners co-led the round, which included participation from the venture arms of two global Healthcare companies, Abbott and Shire. Venture funds BB Biotech Ventures, Idinvest Partners, Forbion Capital Partners and Inventages Venture Capital also joined in the round.
3 min read · 13 September 2011
San Francisco-based BonitaSoft, a maker of open source business process management software, has raised $11 million in Series B financing. Serena Capital led the round, which included participation from existing backers Ventech and Auriga Partners. The money will be used for product development and international expansion.
3 min read · 13 September 2011
Video surveillance start-up VideoIQ has closed on $7.5 million in Series C financing. Atlas Venture, Cisco, Matrix Partners and Tenaya Capital provided the funds. The company, based in Bedford, Mass., raised at least $18 million across two previous rounds. The new funds will be used for growth and continued product development.
2 min read · 12 September 2011
REGEN Energy Inc. has closed on $5.5 million in equity financing from from cleantech investors NGEN Partners and BDC Venture Capital. As a result, Robb McLarty of NGEN and Larry Lam of BDC join the company’s board. The company is developing wireless demand management and demand response products to help commercial and industrial facilities control their HVAC systems.
2 min read · 12 September 2011
Peer-to-peer car sharing service Getaround announced its $3.4 million seed round Monday. The San Francisco-based company is notable as the first investment for TechCrunch founder Michael Arrington’s controversial fund, CrunchFund. Other investors include Netflix founder Marc Randolph, Time Warner shareholder Vivi Nevo, Redpoint Ventures, and other undisclosed investors, the company said.
3 min read · 12 September 2011
Pixel Qi Corp., a maker of next generation LCD panels, has inked an undisclosed amount from 3M New Ventures, a venture arm of 3M. Terms of the investment were not disclosed. Three-year-old Pixel Qi, which is based in San Bruno, Calif., makes sunlight-readable, low-power LCD panels aimed for mobile device applications. 3M New Ventures is based in Munich, Germany.
4 min read · 12 September 2011
HealthCare Ventures has poured $15 million into Tensha Therapeutics, a company developing "epigenetic modulators of gene expression," designed to treat cancer and other serious disorders. HealthCare Ventures was the sole investor in the round.
4 min read · 12 September 2011
10gen, a start-up developing open-source software for the database MongoDB, has closed on $20 million in financing led by Sequoia Capital. Existing investors Flybridge Capital and Union Square Ventures also participated in the round. The money will use the funds for expansion of customer service and research and development in Europe and Asia, and the addition of new offices in Ireland and the United Kingdom.
4 min read · 12 September 2011
Valeritas Inc., a Bridgewater, N.J.-based developer of drug delivery systems for the diabetes market, has raised $150 million in Series C financing. The funding will support commercialization of its V-Go disposable insulin delivery device. Welsh, Carson, Anderson & Stowe led the financing and assumes a controlling interest in Valeritas. Previous investors MPM Capital, Pitango Venture Capital, Abingworth Management, Advanced Technology Ventures, ONSET Ventures, HLM Venture Partners, Agate Medical Investments, CHL Medical Partners and Kaiser Permanente Ventures also participated.
4 min read · 12 September 2011
