Minnow Medical Inc. completed two separate funding transactions. The Laguna Hills, Calif.-based developer of a treatment for in-stent restenosis and other peripheral vascular conditions obtained a total of $4.7 million. It sold $3.2 million in preferred shares and $1.5 million in convertible notes that may be exchanged for into preferred stock. Neomed Management was the lead investor in both deals. Minnow’s Chairman Olav Bergheim, Christopher Weil & Co. and other private investors participated in the financing.
3 min read · 21 October 2010
MK Capital invested $3 million in Poptent through a Series A financing round. Poptent is a social network dedicated to crowdsourcing video. It hired Andy Jedynak as chief executive officer. Jedynak previously led KidZui, the Internet for Kids. MK Capital has offices in Chicago and Los Angeles.
4 min read · 21 October 2010
ShopSocially secured $1.1 million in Series A financing. Valhalla Partners led the round. Angels investors including Raman Khanna, Ashish Gupta and Dharmesh Thakker participated in the round. ShopSocially is shopping recommendation Web site. The company is based in Mountain View, Calif.
3 min read · 21 October 2010
Cerenis Therapeutics raised another €10 million in a second close of its Series C financing. The Toulouse, France-based developer of cardiovascular and other metabolic diseases treatments secured a total of €50 million for the round. Its total equity investment raised-to-date stands at €117 million. The latest €10 million came from the group IRDI-IXO (€2.5 million each) and other unnamed investors.
3 min read · 21 October 2010
Connexity completed a seed funding round with Persistence Partners. Financial terms were not disclosed. Connexity is a California-based Internet media company. Persistence Partners, which was previously Great Pacific Capital, is an early-stage venture fund active in Santa Barbara and Ventura Counties, Calif.
2 min read · 21 October 2010
3 min read · 20 October 2010
SiOnyx Inc., a Massachusetts-based photonics company, has raised $12.5 million in Series B financing. Funds were invested by first-time investors Coherent Inc., Crosslink Capital and Vulcan Capital, while return investors included Polaris Venture Partners and Harris & Harris. SiOnyx will use the funding to launch their first commercial products.
3 min read · 20 October 2010
International chemicals group Solvay, Korea Venture Investment Corp (KVIC) and AJU IB Investment have invested EUR26 million ($35.9 million) in the Korea Advanced Materials Fund. The fund will invest in renewable energy, printed electronics, clean technologies and green chemistry. Solvay will invest EUR 13 million ($17.9 million) and KVIC and AJU IB Investment will each put in EUR 6.5 million ($8.9 million). The Fund will be managed by AJU IB Investment.
3 min read · 20 October 2010
1366 Technologies, a Massachusetts based photovoltaics company, has raised $20 million in Series B funding from new investors Hanwha Chemical and Ventizz Capital Fund IV L.P and return investors North Bridge Venture Partners and Polaris Venture Partners. The company has to-date raised $37.55 million. The money will be used to start producing its Direct Wafer technology.
4 min read · 19 October 2010
CommProve, an Irish-based network monitoring systems provider, has raised $4 million from return investors TLcom Capital, TVM Capital and Endeavour Vision. The funding will be used to expand the company. CommProve also has offices in the UK, Italy, Brazil and the U.S.
2 min read · 19 October 2010
