Twitter co-founders Biz Stone and Evan Williams have announced the first project for their incubator and start-up lab, The Obvious Corp. The lab will back Lift, which is developing an application to help people meet goals through positive reinforcement. In a blog post on the Obvious site, Stone wrote that Obvious would help Lift with strategy, design, funding and recruiting. In exchange, he wrote, Obvious will own an undisclosed amount of equity in the start-up.
2 min read · 24 August 2011
5 min read · 24 August 2011
Artis Capital Management has led a $73.5 million Series E financing for ClearEdge Power, an Oregon-based manufacturer of stationary fuel cells. Austrian-based Güssing Renewable Energy, Southern California Gas Company and existing investor Kohlberg Ventures also participated. The money will be used to expand internationally and develop and commercialize new products.
3 min read · 24 August 2011
3 min read · 23 August 2011
2 min read · 23 August 2011
Oklahoma City-based AliveCor Inc., the maker of a mobile electrocardiogram recorder, has sealed $3 million in venture capital from Burrill & Company, Qualcomm Ventures and the Oklahoma Life Science Fund. Burrill & Co. led the Series A round, and as a result managing directors Bryant Fong and Dirk Lammerts will join the AliveCor board.
3 min read · 23 August 2011
SoloPower, a maker of flexible thin film solar cells that is backed by venture firm Firsthand Technology Value Fund, has sealed a $197 million loan guarantee from the U.S. Department of Energy. San Jose, Calif.-based SoloPower will use the money to support construction and operation of three manufacturing facilities in California and Oregon, the company said.
3 min read · 23 August 2011
Australia’s Spinifex Pharmaceuticals has closed its Series B round after adding an additional AU$6.25 million ($6.5 million) from GBS Venture Partners, Brandon Capital Partners, Uniseed Management and UniQuest. The total amount raised in the round was $19 million. The money will help fund the development of Spinifex’s pain management drug.
4 min read · 23 August 2011
Wanova Inc., a maker of cloud desktop software, has closed a $10 million Series B round from Greylock Partners, Carmel Ventures and Opus Capital. The money will help Wanova build out its sales and support teams, the company said. Wanova is based in in San Jose, Calif.
2 min read · 23 August 2011
OpenView Venture Partners has invested $10.3 million in NextDocs Corporation, a maker of Microsoft SharePoint-based software for life sciences industries. The money will help NextDocs invest in its product lines, customer service and support efforts. OpenView Venture Partners is based in Boston and has roughly $240 million under management. NextDocs is based in Penn.
3 min read · 22 August 2011
