Mountain View, Calif.-based start-up Claritics has raised $1.5 million in Series A financing led by Cervin Ventures and TiE Angels. The company’s technology is designed to use data from social gaming and social commerce to help application developers expand their reach and revenue.
4 min read · 12 May 2011
San Francisco-based Demandbase Inc. has raised $10 million in new financing to support the company’s business identification technology. Sutter Hill Ventures led the round, which included participation from return investors Sigma Partners, Altos Ventures, and Adobe Systems.
4 min read · 12 May 2011
Biopharmaceutical company Trillium Therapeutics Inc. has closed on $1 million in equity financing from a new, undisclosed investor. The funds will help Trillium support clinical trials for a treatment for interstitial cystitis, also known as bladder pain syndrome. Toronto-based Trillium has previously raised funding from investors including Vengrowth Private Equity Partners, Growthworks Capital and BDC Capital.
3 min read · 12 May 2011
Mobile advertising company Tap.Me has closed on an undisclosed amount of venture financing led by Rockfish Brand Ventures, a Rogers, Arkansas-based investor. Rockfish joins existing shareholders including David Cohen’s Bullet Time Ventures, the i2A Fund and Hyde Park Angels. Tap.Me is based in Chicago.
3 min read · 12 May 2011
SpringLeaf Therapeutics has closed $15 million in a Series B financing led by new investor SR One, the venture capital arm of GlaxoSmithKline, with participation from existing shareholders Flybridge Capital Partners and North Bridge Venture Partners. SR One partner Brian Gallagher will join SpringLeaf’s board as a result. SpringLeaf is based in Boston.
3 min read · 12 May 2011
2 min read · 11 May 2011
Alpine Data Labs has raised $7.5 million from Sierra Ventures, Mission Ventures and Sumitomo Corporation Equity Asia. The company, a developer of technology to achieve predictive insights from the massive datasets, will use the money to expand its staff in China and the US, and to bolster development and sales efforts. Alpine Data is based in San Mateo, Calif.
3 min read · 11 May 2011
Boston-based Prexa Pharmaceuticals, which is developing therapies for central nervous system diseases and disorders, has closed on $7 million in Series B financing. Advent Healthcare Ventures led the round, which also included investment from Shire Pharmaceuticals. The money will help Prexa complete certain clinical studies. Prexa was formed in 2006, and previously raised $3.1 million in a first round.
3 min read · 11 May 2011
Huntington Capital Fund II LP, a private equity fund focused on the lower-middle market, has put an undisclosed amount of financing into Crescent House Publishing Inc., which does business as Scentsa. The Series A equity round will help Carlsbad, Calif.-based Scentsa deploy its high-definition LCD digital media screens into Barnes & Noble College bookstores. The College Bookstore Media Network will provide live media streams to stores, and present content specifically designed for college students. No terms of the investment were released. Huntington Capital is based in San Diego, Calif.
4 min read · 11 May 2011
Nexstim Oy, a medical device company focused on non-invasive brain diagnostic and therapy technologies, has added 2 million euro ($2.87 million) to bring its latest round to 13.4 million euro. Belgium-based Capricorn Health-tech Fund NV provided the latest tranche, joining shareholders including HealthCap Life Sciences Partners, Sitra and Finnish Industry Investment Ltd, as well as Lundbeckfond Ventures and Ilmarinen. To date, Nexstim has raised more than 30 million euros. The company is based in Finland.
3 min read · 11 May 2011
