Motorola Solutions Inc., via its investment arm Motorola Solutions Venture Capital, is planning to invest in at least five more start-up companies in 2011. The firm, formerly known as Motorola Ventures, manages 20 portfolio companies currently. It the coming months, it will focus on investments in mobile computing, cloud computing, video and video analytics, retail experiences and analytics, RFID-enabled solutions and security, the firm said in a release.
3 min read · 14 March 2011
Omthera Pharmaceuticals Inc. has raised $33.9 million in Series B financing. Menlo Park, Calif.-based venture firm New Enterprise Associates led the round, with participation from existing shareholder Sofinnova Partners. Omthera will use the funds, in part, for Phase 3 clinical development of Omthera's novel Omega-3 fatty acid compound, Epanova, the company said in a release. Bedminster, New Jersey-based Omthera has raised a total of about $40.4 million in venture capital financing to date.
4 min read · 14 March 2011
Mozido, a provider of mobile financial services technology for un-banked and under-banked populations, has raised an undisclosed amount from California-based TomorrowVentures. Terms of the investment were not released. Mozido is based in Dallas.
3 min read · 14 March 2011
BridgePoint Medical Inc., a developer of medical technology for coronary disease, has closed on $9.1 million. An unnamed strategic investor led the round, which included participation from existing shareholders including New Enterprise Associates, Polaris Venture Partners and Foundation Medical Partners. The Series C round will help the company bolster sales and marketing of its technology.
3 min read · 14 March 2011
Activiomics Ltd. - a developer of technologies focused on the ways drug bio-markers are identified, and diagnostics are developed - has inked 500,000 pounds ($805,000) in financing. IP Group plc led the round, which included participation from IP Venture Fund and members of the company’s management.
3 min read · 14 March 2011
Pasadena, Calif.-based KCB Management has invested an undisclosed amont in Thrift Books LLC, an online seller of used books. The new financing will be used for growth. Terms of the deal were not released. D.A. Davidson & Co. served as the financial advisor to Thrift Books.
3 min read · 11 March 2011
San Francisco-based digital advertising network RadiumOne Inc. has raised $21 million in Series B financing. Crosslink Capital led the round, which included participation from exiting shareholders DFJ Esprit, Adams Street Partners and Trinity Ventures. The company has raised a total of $35 million to date. The latest funding will be used for international expansion and acquisitions.
2 min read · 11 March 2011
Alta Devices Inc. has added venture financing from a slew of venture investors including August Capital, Kleiner Perkins Caufield & Byers, Crosslink Capital, DAG Ventures, New Enterprise Associates and Technology Partners. New investors are Alberta Investment Management Corporation, Good Energies, Energy Technology Ventures – a joint venture involving GE, ConocoPhilips and NRG Energy – and Constellation Energy. The company, which has raised a total of $72 million in this round, will use the infusion to continue its focus on improving the production economics of high efficiency solar photovoltaic applications, the company said in a release.
3 min read · 11 March 2011
VigLink has closed a $5.4 million Series B round to expand development of its Internet advertising technology. Emergence Capital led the newest round, which included participation from shareholders Google Ventures and First Round Capital. Kevin Spain, a principal at Emergence Capital, joins the VigLink board. VigLink has raised a total of $7.3 million to date.
3 min read · 11 March 2011
SnagAJob.com, the provider of an online community of hourly workers, has raised $27 million new financing. August Capital led the Series C round. Existing shareholders Adams Street Partners, Baird Venture Partners and C&B Capital also participated in the round. The company had previously closed on $14 million in earlier rounds. SnagAJob.com is based in Richmond, Va.
3 min read · 10 March 2011
