Milestone Pharmaceuticals Inc., a Montreal-based cardiovascular drug development company, has raised $13 million in fresh capital. Pappas Ventures, the Business Development Bank of Canada and GO Capital co-led the round. Fonds de solidarité FTQ, iNovia Healthcare Ventures and Fonds Bio-Innovation also participated. The money will be used for continued development. As a result of the round, Eric Linsley, managing partner of Pappas Ventures; Scott Weiner, senior principal at Pappas Ventures; and Dominic Jaikaran, principal at BDC Health Venture Fund, will join Milestone's board.
6 min read · 13 June 2011
3 min read · 13 June 2011
San Francisco-based bespoke winemaker Crushpad Inc., which partnered with Twitter to create the Fledgling Wine charity wine label, has closed on $2.7 million of a proposed $3.5 million financing, according to a filing with the Securities and Exchange Committee. Earlier this spring, the company announced that it had sealed a “major financing” deal that made Foley Family Wines “a principal investor” in Crushpad. Since closing on the money, Crushpad has expanded its operations and moved its headquarters to Sonoma, California. The company’s board includes individual investor Nicholas Davidge, who also acts as an advisor for Milestone Venture Partners; and Peter Engel, a managing Director of investment banking at JPMorgan.
1 min read · 13 June 2011
3 min read · 10 June 2011
Ambit Biosciences, a biopharmaceutical company developing kinase inhibitors for the treatment of cancer and other conditions, has inked $30 million in new capital. Apposite Capital led the Series D-2 round, which included participation from existing investors Perseus-Soros Biopharmaceutical Fund, OrbiMed Advisors, Forward Ventures, Roche Venture Fund, MedImmune Ventures, GIMV, GrowthWorks, Genechem, Radius Ventures, NovaQuest and Horizon Technology Finance. The money will help the company continue clinical development.
3 min read · 10 June 2011
Revance Therapeutics Inc., a drug developer focused on dermatology and aesthetic medicine, has raised $45 million in new capital from Essex Woodlands Health Ventures, NovaQuest Capital, CNF Investments, Vivo Ventures, Technology Partners, Shepherd Ventures, Palo Alto Investors, Pac-Link Ventures and Essex Capital Corporation. Jonathan Tunnicliffe, a partner at NovaQuest, will join the Revance board as a result of the round. Revance closed a $25.62 million in Series D funding in late 2009.
3 min read · 10 June 2011
Embedly, whose technology is designed to make it easier to embed online content, has inked $450,000 in fresh capital from Social Leverage; Venture 51; StockTwits Chief Executive Howard Lindzon; and individual investor Adam Schwartz; Betaworks and Chris Sacca. As a result of the round, Schwartz will join the company’s board.
3 min read · 10 June 2011
Online accounting software company Wave Accounting Inc. has raised $1.5 million in seed financing. The round was led by INKEF Capital, the venture capital investment alliance of pension funds OMERS and ABP. Based in Toronto, Wave launched its site in November. WaveAccounting.com is a free, online accounting application designed for small businesses with 9 employees or less.
2 min read · 10 June 2011
JouleX, a maker of enterprise energy management systems for data centers, has closed on $17 million in fresh capital from new investors Sigma Partners, Flybridge Capital Partners and Intel Capital, and from existing shareholders Target Partners and TechOperators. The company will use the money to expand its development and sales efforts. JouleX was founded in 2009 and is based in Atlanta.
5 min read · 10 June 2011
Consumer-generated video company VideoGenie has closed $2 million in Series A financing led by Blumberg Capital. Google Chairman Eric Schmidt's Innovation Endeavors also participated in the round. The money will help the company, which launched in May 2010, expand its team. The company’s technology is aimed at helping customers connect with brands via user-generated videos.
5 min read · 09 June 2011
