UNC Kenan-Flagler's student-run private equity fund held the final close of KFBSF Private Equity Fund II LP on Oct. 15, with $3.1 million in commitments. These students have a total of more than $5 million under management including its first investment vehicle. Investors in the two funds include Halifax Group, PNC Equity Fund, Hatteras Funds, Tryon Capital, Carrboro Capital, Plexus Capital, SV Life Sciences and others.
3 min read · 15 November 2010
GrubHub closed its Series C funding with $11 million. Benchmark Capital led the round for the online service for ordering restaurant takeout and delivery meals. The capital will allow Chicago-based GrubHub to invest in its online and mobile solutions, and to expand marketing and sales efforts. It has raised a total of $14.1 million to date.
4 min read · 15 November 2010
Delenex Therapeutics AG completed its Series A funding round at CHF 13.5 million ($14 million). SV Life Sciences, HBM BioCapital, HBM BioVentures, BioMedInvest and VI Partners led the financing. Delenex is a Zurich-Schlieren, Switzerland-based biotechnology company that develops therapeutic antibody fragments.
4 min read · 12 November 2010
Superfish, a San Mateo,Calif.-based visual search engine company, secured $4 million in Series C funding. Draper Fisher Jurvetson, DFJ Tamir Fishman Ventures, Individuals’ Venture Fund and Xenia Venture Capital provided the capital. Superfish plans to use the capital to expand operations, boost market position, build channel partnerships and enhance product innovation and development.
2 min read · 11 November 2010
Functional Neuromodulation Inc., a medical technology company, closed a $600,000 seed financing from Genesys Capital. Both companies are based in Toronto, Canada. Functional Neuromodulation was formed earlier this year to develop deep brain stimulationtherapies for Alzheimer’s disease and mild cognitive impairment. Genesys is a venture capital firms focused on the life sciences industry.
3 min read · 11 November 2010
DataPop closed its Series A financing round with $1.7 million. Rincon Ventures led the funding, IA Ventures, Momentum Ventures, Accelerator Ventures and a group of angel investors also participated. DataPop is a California-based paid search ad management platform that creates high performing ad campaigns.
3 min read · 11 November 2010
Lot18 completed a $3 million Series A financing round. FirstMark Capital, a New York-based venture capital firm, led the funding. Lot18 is a membership-by-invitation marketplace for wine. It plans to use the capital to accelerate growth of its direct producer-to-consumer sales platform. The round includes returning investors and angels from Quigo, Time Inc., AOL, Ziff Davis, Bankrate and Experianr.
4 min read · 10 November 2010
23andMe Inc. closed its Series C financing round with more than $22 million. The round includes new investors, such as Johnson & Johnson Development Corp., in the California-based genetics company. Existing investors, including New Enterprise Associates and Google Ventures, also participated.
2 min read · 10 November 2010
MyShape secured $5.5 million in funding from investors Draper Fisher Jurvetson, Tenaya Capital and Draper Fisher Jurvetson Growth Fund. MyShape plans to use the capital to grow. It plans to further develop its personalization technology and build out its product assortments. The California-based personalized shopping website for women’s apparel also unveiled a newly designed site.
4 min read · 10 November 2010
Gazillion Entertainment raised $60 million in financing, VentureBeat reported. The capital came from Singapore's state-owned investor, Temasek Holdings. Gazillion is a developer, publisher and operator of online games. http://www.gazillion.com
1 min read · 10 November 2010
