Polaris Venture Partners, Boston, Mass., hired Matt Meeker as an entrepreneur-in-residence in the New York City Dogpatch Labs. Meeker is co-founder of Meetup.com. He will work with early stage entrepreneurs and founders as they conceive of and launch startups and build upon the synergies between the three Dogpatch locations and the alumni network.
2 min read · 10 January 2011
Kansas City-based Aratana Therapeutics has raised $20 million in a Series A round led by MPM Capital and San Diego-based Avalon Ventures. Newly formed Aratana aims to adapt advances in human biopharmaceutical technology for animals care. MPM Capital has offices in Boston and San Francisco.
2 min read · 07 January 2011
3 min read · 06 January 2011
General Motors, through its GM Ventures unit, has invested $5 million in wireless charging start-up Powermat, Reuters reported. The company will also add Powermat’s technology for small consumer electronics to vehicles, such as the Chevy Volt hybrid, in 2012, Reuters said.
3 min read · 06 January 2011
Electric car maker Coda Holdings has inked $76 million in financing from new investors Harbinger Capital Partners, billionaire Philip Falcone's hedge fund, and private equity firm Riverstone Holdings, Reuters reported. The financing is designed to support production of its all-electric sedan, Reuters said.
1 min read · 06 January 2011
Mobile advertising technology company Millennial Media has raised $27.5 million in growth equity from Bessemer Venture Partners, Columbia Capital, Charles River Ventures and New Enterprise Associates. The latest round brings Millennial’s total funding to more than $65 million. The new money will be used to expand the Baltimore-based company.
3 min read · 06 January 2011
Toronto, Canada-based Storage Appliance Corp., which makes the Clickfree brand of computer backup products, has raised an undisclosed amount of financing from Intel Capital. The money will help Clickfree bolster development and expand its sales and marketing.
3 min read · 06 January 2011
Jinni, a developer of a taste-based recommendations guide for television and movies, has raised $5 million in Series B financing. Investors in the round included telecom operator Belgacom and Israel-based venture firm DFJ Tamir Fishman Ventures.
3 min read · 06 January 2011
San Francisco-based Assistly, which has developed a Web-based social networking system for enterprise customer service, has raised $3 million in new venture financing. Investors include Bullpen Capital, Index Ventures and existing investors True Ventures and Social Leverage. The new funding will be used for product development and marketing.
3 min read · 06 January 2011
Symphogen, a Copenhagen-based biopharmaceutical company focused on treatments for cancer and infectious and autoimmune diseases, has raised 100 million euros ($131 million) in new financing. Novo A/S led the round, which included participation from existing shareholder Essex Woodlands Health Ventures. Novo and Essex Woodlands are contributing 70% of the financing, which is slated to occur over three tranches. The Danish pension fund PKA also joined as a new investor.
6 min read · 06 January 2011
