Dr. Sears Family Essentials, a food and beverage company focused on doctor-formulated products, has raised $5.6 million from Intuitive Venture Partners. The venture capital will help Irvine, Calif.-based Dr. Sears with expansion and marketing efforts. Intuitive Venture Partners is based in New York.
3 min read · 22 February 2011
WhiteGlove House Call Health Inc., which provides its members with healthcare services at home or work, has raised $12.5 million in a financing round led by New York-based Enhanced Equity Fund. The Austin-based company currently operates in markets across Texas. The new financing will help the company with national expansion.
2 min read · 22 February 2011
The BMW Group has launched a $100 million venture capital fund, BMW i Ventures, designed to help expand its range of sustainable and mobile technology. New York-based start-up My City Way is the first investment from the BMW fund. Terms of the deal were not released. My City Way provides a mobile app focused on public transportation, parking and local entertainment. BMW also announced a new sub-brand of vehicles focused on sustainable mobility, including hybrid and electric systems that will launch two new models in 2013.
4 min read · 22 February 2011
Biopharmacopae Design International Inc., a company focused on plant-derived ingredients and products for the "nutraceutical" and "cosmeceutical" industries, has raised $2 million in new financing. Canadian venture capital firm Avrio Ventures provided the second round, which will help the company commercialize its flagship cough and cold remedy.
3 min read · 22 February 2011
Merck Canada has invested $6.8 million in AmorChem, a Quebec-based life sciences venture capital fund. The deal is Merck second Quebec-focused investment recently. Last month, the company poured $5 million into the Quebec Consortium for Drug Discovery, another group supporting early-stage biopharmaceutical research in Quebec.
3 min read · 18 February 2011
C3Nano has raised $3.2 million in Series A financing from GSR Ventures. The company, which spun out of Stanford University’s chemical engineering department, has developed transparent electrode ink and film for use in touch screens, photovoltaic solar panels and other devices. C3Nano is based in Hayward, Calif. GSR Ventures has offices in Beijing and Silicon Valley.
3 min read · 18 February 2011
1 min read · 17 February 2011
Wonga.com, a UK-based provider of short-term cash advances, has closed on 73 million pounds ($117.9 million) in new financing led by Oak Investment Partners. Meritech Capital Partners, Accel Partners, Balderton Capital, Dawn Capital, Greylock Partners and TAG also contributed to the round.
3 min read · 17 February 2011
San Francisco-based TuneUp has added $2 million to its third financing round, bringing the Series C total to $6.3 million. The company has developed a plug-in for iTunes designed to help manage consumers’ music libraries, cleaning up mislabeled songs. IDG Ventures contributed the latest tranche, which will help TuneUp develop new products and expand its team. To date, the company has raised $8.5 million.
3 min read · 17 February 2011
Frankfurt-based Nanostart AG, a venture investor focused on nanotechnology, has invested an undisclosed amount in cleantech startup Membrane Instruments and Technology. Formed in 2009, Singapore-based Membrane Instruments is developing technology for monitoring and controlling water quality in filtration-based water treatment plants. Nanostart now owns 18% of Membrane Instruments.
4 min read · 17 February 2011
