3 min read · 17 May 2011
SciFluor Life Sciences has raised $5 million from Allied Minds. The first round of funding is designed to support commercialization of its technology to enable late-stage fluorination of pharmaceutical drug candidates and other commercial chemicals. The company’s technology is based on technology developed by Harvard professor Tobias Ritter and his colleagues in the school’s department of chemistry and chemical biology. Allied Minds is a private equity-funded company with offices in Boston and Los Angeles.
4 min read · 17 May 2011
Online accessories marketplace Boticca.com has closed on $2.5 million in funding. French investor ISAI led the round, with participation from Annoushka Ducas and John Ayton, the founders and former owners of Links of London; Bobby Yazdani, founder and CEO of Saba; and Japanese Internet incubator Digital Garage. The money will help the London-based company expand its team and its platform, which aims to connect customers to independent designers around the world.
4 min read · 17 May 2011
3 min read · 17 May 2011
Web-based healthcare company ABILITY Network Inc. has sealed $27 million from Bain Capital Ventures, the venture and growth affiliate of Bain Capital, and existing investor Lemhi Ventures. The money will help support the company’s network, which is designed to to improve administrative efficiency and patient care. ABILITY Network is based in Minneapolis.
3 min read · 17 May 2011
Montreal-based marketing automation software developer Whatsnexx has raised $2.4 million in financing from GO Capital LP and the Business Development Bank of Canada's venture capital arm, among other investors. GO Capital focuses on Quebec seed-stage technology firms in the fields of cleantech, information technologies and life sciences.
2 min read · 17 May 2011
Publicly traded Varian Medical Systems Inc., a supplier of medical technology for treating cancer with radiotherapy, has poured $15 million into venture-backed Augmenix, sealing a minority stake and an option to buy the company. Waltham, Mass.-based Augmenix is developing hydrogel products to improve outcomes in radiation oncology. The company is backed by investors including Ascension Health Ventures, Catalyst Health Ventures, Pinnacle Ventures, and the Sparta Group.
4 min read · 17 May 2011
Trinity Ventures led a $7.5 million round for San Francisco-based StackMob, which develops a platform for managing mobile applications in the cloud. Existing shareholders Harrison Metal and Baseline Ventures also participated in the funding. Trinity General Partner Dan Scholnick Joins StackMob's board as a result of the round. The new funding will be used to expand the company’s staff, and its products.
3 min read · 16 May 2011
San Mateo, Calif.-based document management start-up First to File has closed on $2 million in Series B financing, led by existing shareholder Foundation Capital. The company has raised a total of $4 million to date. The latest infusion will help First to File expand its IP document management and automation technology. Foundation Capital is based in Menlo Park, Calif.
3 min read · 16 May 2011
Canadian daily deal website Dealfind has raised $31 million from New York-based Insight Venture Partners, Toronto-based Georgian Partners and the Ontario Venture Capital Fund. The investors now hold a minority stake in the company, according to a written release. Specifics of the stakes were not released. Dealfind was formed in May 2010 and launched as part of the online restaurant directory MenuPalace. With the new capital, the company aims to expand its reach in Canada and in the US.
3 min read · 16 May 2011
