Ascletis Inc., which is focused on developing therapeutics for cancer and infectious disease, has inked $100 million in commitments for its Series A round, including a first tranche of $50 million. Hangzhou Binjiang Investment Holding Co. led the round, which included “private entrepreneurs from China and other countries including the United States,” the company said in a written statement. Ascletis is based in both Hangzhou, China, and Research Triangle Park, North Carolina.
3 min read · 06 April 2011
Anametrix, a maker of cloud-based business analytics and marketing intelligence software, has raised an undisclosed amount of financing from venture capitalist Walter Kortschak and individual investor and San Diego attorney Michael Christian, the company announced. Kortschak is a senior advisor and former managing partner of Summit Partners.b
3 min read · 06 April 2011
2 min read · 05 April 2011
5 min read · 05 April 2011
Baltimore-based Champions Oncology Inc., which is traded on the over-the-counter Bulletin Board, has raised $9.4 million. Investors include Battery Venture Group, publicly traded Harris & Harris Group Inc. and Perceptive Advisors LLC. The funding will be used bolster sales and for working capital.
2 min read · 05 April 2011
AnaBios Corp., a San Diego-based company that deploys assays and develops databases for the assessment of efficacy and safety of drugs, has raised $800,000 of a planned $2 million Series A financing round. Tech Coast Angels, and its Angel Capital Entrepreneur Fund contributed to the round.
3 min read · 05 April 2011
Phoenix-based i/o, which develops digital energy technology, has raised a whopping $105 million in growth financing. Existing shareholder Sterling Partners led the round, which included participation from new investors managed by J.P. Morgan Asset Management. The money will help the company ramp up production of its modular data center, as well as expand research and development. Signal Hill Capital Group served as financial advisor to i/o. Sterling Partners has offices in Chicago, Baltimore and Miami.
3 min read · 05 April 2011
ICICI Venture, the private equity arm of Indian lender ICICI Bank, and private equity firm Gaja Capital have invested 1 billion rupees ($22.5 million) in staffing firm TeamLease Services, Reuters reported. The money will help the temporary staffing company expand its services, Reuters said.
1 min read · 05 April 2011
Logicworks, a provider of enterprise hosting and cloud computing solutions, has closed on $7.6 million in growth capital from New York City-based private equity firm Seaport Capital. The funds will help Logicworks expand its sales and marketing efforts and to continue software development. Seaport Capital partner Bill Luby will join the Logicworks board as a result of the financing.
3 min read · 05 April 2011
Practice Fusion, a web-based electronic health record company, has raised $23 million in a Series B round led by Founders Fund. Artis Capital Management and Glynn Capital Management also participated in the round, as did return investors Morgenthaler Ventures and Felicis Ventures. Practice Fusion has now raised a total of $30 million.
5 min read · 05 April 2011
