2 min read · 15 October 2010
1 min read · 15 October 2010
StudyBlue, a Wisconsin-based online aid for students, has raised $3.65 million in Series A funding, according to the company. The money will be used to fuel growth across the nation’s college and universities and to expand the company’s mobile efforts. StudyBlue did not reveal who had provided the funding.
4 min read · 15 October 2010
Syndax Pharmaceuticals Inc. received a U.K. patent for entinostat. The histone deacetylase inhibitor is in multiple Phase II clinical studies including advanced breast cancer, metastatic lung cancer and other cancer types. The patent issuance extends entinostat’s exclusivity to 2029. Syndax is a Waltham, Mass.-based drug company that holds rights to entinostat from Bayer Schering Pharma. It is backed by Domain Associates, MPM Capital, Avalon, Pappas and Forward Ventures.
3 min read · 15 October 2010
ViroXis Corp. received a $2.5 million investment from the Texas Emerging Technology Fund. The capital will be used to advance development and commercialization of San Antonio, Texas-based ViroXis’ topical Albuterpenoid anti-viral treatment of skin warts. The investment was announced by Startech and the South Texas Regional Center of Innovation and Commercialization.
3 min read · 15 October 2010
xAD secured $4 million from Emergence Capital Partners LLC of San Mateo, Calif. xAd is a local mobile ad network. It plans to use the capital to expand its technology platform, to scale its management team and to increase its footprint in the local mobile advertising sector.
3 min read · 15 October 2010
Durata Therapeutics Inc. formed a senior leadership team. It named Paul R. Edick as chief executive officer, Corey N. Fishman as chief operating officer and Michael Dunne as chief medical officer. Durata is a Morristown, N.J.-based biopharmaceutical company that is backed by Aisling Capital, Canaan Partners, Domain Associates LLC, New Leaf Venture Partners LLC and Sofinnova Ventures Inc.
4 min read · 15 October 2010
Involver Inc, a social media platform, has raised $8 million in Series C funding, led by Bessemer Venture Partners. Funding was also provided by return investors Cervin Ventures and Western Technology Investment. The money will be invested in expanding the company’s social marketing platform. Involver also announced that it had recently surpassed 100,000 customers.
4 min read · 14 October 2010
Redwood Systems, a California-based lighting company, has secured $15 million in Series B funding, the company announced. The investment came from news investor Index Ventures, as well as return investors Battery Ventures and U.S. Venture Partners. The funds will be used to expand the company into key markets. Neil Rimer, the co-founder and partner of Index Ventures, will now join Redwood’s board.
3 min read · 14 October 2010
NinePoint Medical has completed a $33 Million Series A financing round, led by Third Rock Ventures and Prospect Venture Partners. The money will be used to develop innovative broad-based medical platforms for pathology devices. The company is also moving to new corporate headquarters in Cambridge, Mass.
4 min read · 14 October 2010
