Lexington, Mass.-based TARIS Biomedical, which is developing therapies to treat bladder disease, has raised $18.3 million in Series B financing. New investors Third Rock Ventures led the round, which included participation from existing shareholders Flagship Ventures, Flybridge Capital Partners and Polaris Venture Partners. The company’s prior bridge financing was also converted into equity in connection with the financing round. Third Rock’s Cary Pfeffer will join the TARIS board.
3 min read · 13 April 2011
Vienna-based biopharma company f-star GmbH has raised 15 million euro ($21.7 million) in a new financing round led by SR One, the corporate venture capital arm of GlaxoSmithKline. Existing shareholder Atlas Venture, Aescap Venture, Novo Ventures, TVM Capital, Merck Serono Ventures and MP Healthcare Venture Management also participated in the round. As a result, SR One Partner Dr Deborah Harland and Dr Axel Polack of TVM Capital will join f-star's Supervisory Board.
5 min read · 13 April 2011
Mobile payment start-up Payfone has added $19 million in strategic funding from American Express, Verizon Investments Inc., Rogers Ventures, and from existing shareholders Opus Capital, BlackBerry Partners Fund and RRE Ventures. The money is designed to help Payfone continue product development and global expansion. Formed in 2008, Payfone’s technology is designed to make mobile phones a preferred way to make online payments, opening up payment options to the non-credit-card world and bridging the gap in emerging markets, the company says.
5 min read · 13 April 2011
San Francisco-based Sugar Inc. has raised $15 million in new financing led by Institutional Venture Partners. The company’s original investor Sequoia Capital also participated in the round. Sugar, a media company focused on women, will use the money for acquisitions, international growth and brand extension. The company has raised a total of $46 million to date.
3 min read · 13 April 2011
Houston-based energy start-up Nuevo Midstream LLC has closed on $65 million in equity financing from EnCap Energy Infrastructure Fund, Torch Energy Advisors and Petroleum Fuels Company. The funding will support the formation of Nuevo Midstream, which will focus on developing and operating midstream infrastructure for natural gas producers in southeast New Mexico and west Texas. EnCap Energy Infrastructure Fund is managed by San Antonio-based private equity firm EnCap Flatrock Midstream.
4 min read · 13 April 2011
4 min read · 12 April 2011
2 min read · 12 April 2011
2 min read · 12 April 2011
Digital Lumens, a developer of LED-based lighting systems, has closed on $10 million in new funding from a Series B round and new line of credit. Black Coral Capital, Flybridge Capital Partners, and Stata Venture Partners contributed to the Series B round, bringing total raised by the company to $25 million. Silicon Valley Bank is providing the working capital line of credit.
4 min read · 12 April 2011
Waltham, Mass.-based Bit9 Inc. has raised $12.5 million in new capital, bringing its total funding to $23 million. Atlas Venture led the round, which included investments from existing shareholders Highland Capital Partners, Kleiner Perkins Caufield & Byers, and .406 Ventures. New investor Paul Capital also contributed. Bit9 Inc. is a developer of endpoint security technology.
3 min read · 12 April 2011
