3 min read · 05 July 2011
3 min read · 05 July 2011
New hires and promotions at Venrock, Kleiner Perkins, VantagePoint, Canaan and other VC firms
3 min read · 01 July 2011
AEGEA Medical Inc., which is developing a minimally invasive treatment for abnormal uterine bleeding, has sealed $13.3 million in new financing led by Covidien Ventures. Existing investors Alloy Ventures and Delphi Ventures also contributed to the round. As a result of the funding, Amy Belt, a director at Covidien Ventures, joins AEGEA's board. The company is based in Redwood City, Calif.
3 min read · 30 June 2011
Lotus Tissue Repair Inc. has raised $26 million in a Series A round led by Third Rock Ventures. The company is developing technology to be used in the treatment of dystrophic epidermolysis bullosa, “an orphan disease that causes devastating skin blisters, morbidity and early mortality,” the company said in a release. The infusion of cash will be used to continue development.
4 min read · 30 June 2011
Consumer sport plane manufacturer ICON Aircraft has closed on $25 million in financing led by individual investors Satyen Patel and Bart Becht, the company announced. Other participating investors included Google’s Eric Schmidt, former Boeing Chairman Phil Condit and other, undisclosed investors. ICON said it will receive $15 million initially, with an option for an additional $10 million. The round will fund engineering development, manufacturing setup, and the beginning of production of its A5 amphibious sport plane.
3 min read · 29 June 2011
Updata Partners led an $18 million growth equity investment in Pet360 Inc., an online pet information and commerce company. Existing shareholder LLR Partners also contributed to the round. The company, based in Plymouth Meeting, Penn., is the parent company of pet food and supplies site PetFoodDirect.com, as well as other web sites focused on pets. Updata Partners has offices in Virginia and New Jersey.
3 min read · 29 June 2011
Denver-based Altitude Digital Partners has closed on $1.5 million from Cypress Growth Capital. Altitude Digital is an ad rep firm that provides integrated media programs to online brand advertisers and agencies. The cash infusion – Altitude’s first institutional funding – will be used for expansion.
3 min read · 29 June 2011
Square, the San Francisco-based mobile payments start-up, has sealed $100 million in Series C venture capital led by Kleiner Perkins Caufield & Byers, and added Mary Meeker to its board. Tiger Global Management also contributed to the round. Square launched last year with its card reader and application designed to help for individuals and businesses to accept payments on their mobile devices. In addition to Meeker, the company has bolstered its board recently by adding former Treasury secretary Larry Summers and Silicon Valley VC Vinod Khosla.
2 min read · 29 June 2011
3 min read · 29 June 2011
