Winnipeg-based Monteris Medical Inc. has closed on an $8.6 million financing round led by the Business Development Bank of Canada. BDC made the investment in partnership with US-based Southwest Michigan First, and undisclosed individual investors, the company said Thursday. The money will help Monteris to commercialize its technology for the treatment of brain tumors.
3 min read · 07 July 2011
Precision Biopsy has closed on $2.5 million from Allied Minds. The funding will help the company with the commercialization phase of its novel prostate cancer detection technology. Precision Biopsy was formed Allied Minds in cooperation with the University of Colorado. Allied Minds is a private equity-funded innovation company with offices in Boston and Los Angeles.
2 min read · 06 July 2011
Horten, Norway-based poLight AS, which develops autofocus actuated lenses for camera phones, has raised $18.5 million in Series B financing. Trondheim, Norway-based Investinor led the round with the participation from existing shareholders Viking Venture III AS, Alliance Venture Polaris AS and SINTEF Venture III AS.
4 min read · 06 July 2011
SpineVision has closed on $5 million from Partner Capital, Sofinnova, BroadPeak, HealthCap, Innoven, Edbi and undisclosed individuals. The money will be used to market the company’s devices for spinal treatment. SpineVision is headquartered in Paris, and has subsidiaries in the USA, Italy, UK and Belgium.
3 min read · 06 July 2011
San Carlos, Calif.-based Sitoa Global Inc., which is traded on the over-the-counter Bulletin Board, has inked an investment from from two of the funds managed by ICCP Venture Partners. The money will help Sitoa expand into the social e-commerce sector, the company said Wednesday.
3 min read · 06 July 2011
IDG Capital Partners, a China-focused venture fund backed by International Data Group and Accel Partners, has put an undisclosed amount into Hong Kong-based App Annie. Launched in 2010, App Annie is a provider of app store analytics and marketing intelligence for the Apple App Store. The investment will be used to expand App Annie’s services to other App Stores, develop new features, and help build additional premium services, the company said in a statement.
3 min read · 06 July 2011
Valens Semiconductor, which makes products for the distribution of uncompressed high-definition multimedia content, has closed on $14 million in fresh capital. The Series B round came from new strategic investors including Taiwan-based Pegatron and Japan-based Mitsui & Co. Global Investment Ltd. Venture firms Amiti Ventures and Aviv Venture Capital also contributed, as did return investors Genesis Partners and Magma Venture Partners. Valens was formed in 2006 and is based in Israel.
4 min read · 06 July 2011
Group buying start-up Dealised has closed on $5.35 million in a first round of venture funding. by SingTel Innov8, the SingTel Group's corporate venture capital fund, led the round, which also included participation from Australian-based firm Yuuwa Capital. With a base in Singapore, Dealised will use the money to expand its group-buying offerings for media, telecommunication firms and retailers, as well as to develop mobile products.
3 min read · 06 July 2011
2 min read · 05 July 2011
2 min read · 05 July 2011
