Intel Capital made four investments totaling more than $30 million. It provided funding to Adaptive Computing, a provider of an automation intelligence technology and to analog integrated circuit physical design software developer Ciranova. Joyent, which is a provider of cloud computing infrastructure and services and Nexant, a provider of energy software and services, were the other recipients.
4 min read · 14 September 2010
A management-led group backed by UK-based private equity shop LGV Capital acquired Snow+Rock Sports Ltd., which includes CycleSurgery and Runners Need. The deal was supported by Snow+Rock’s former owner Andrew Brownsword, who is leaving a significant investment in the specialty retailer.
3 min read · 14 September 2010
Third Rock Ventures LLC has raised $426 million for a second fund earmarked for life sciences companies. The firm, which raised a debut fund of $378 million back in 2007, also announced several personnel changes, including the promotion of Alexis Borisy from entrepreneur-in-residence to partner.
3 min read · 13 September 2010
A provider of Web-based medical billing software for doctors, Kareo Inc., has secured an investment from Boston venture shop OpenView Venture Partners. Along with an earlier investment, OpenView Venture Partners has now backed Kareo to the tune of $9.5 million altogether. Principal Adam Marcus of OpenVeiw Venture Partners has joined the board of Kareo.
3 min read · 13 September 2010
GAIN Capital Holdings Inc., which provides online trading services to specialists in foreign exchange and contracts for difference, has agreed to acquire certain assets related to the U.S. operations of MG Financial LLC. The investor group behind GAIN Capital includes 3i, Cross Atlantic Capital Partners, Edison Venture Fund, Tudor Ventures and VantagePoint Venture Partners.
2 min read · 13 September 2010
Sakti3 Inc., an Ann Arbor-based developer of lithium-ion batteries, received a $4.2 million investment from General Motors Ventures and Itochu Technology Ventures. Sakti3 plans to use the capital to advance its manufacturing capabilities.
6 min read · 10 September 2010
Eli Lilly & Co. will invest as much as $150 million in three venture capital funds, Bloomberg reported. The financing will be used to help develop new drugs. The three venture-capital firms Lilly selected have more than $1.5 billion under management, Darren Carroll told Bloomberg. Carroll is vice president of the Lilly group that oversees venture investments.
1 min read · 10 September 2010
East Africa Capital Partners Ltd. is planning a 20 billion- shilling ($247 million) fund, Bloomberg reported. The vehicle will focus on information technology and real estate investments. East Africa Capital is a Nairobi, Kenya-based venture capital firm.
1 min read · 10 September 2010
Ooyala Inc., a Mountain View, Calif.-based provider of video platform applications and services, has raised more than $22 million in a round of financing from new and existing investors. CID Group and ITOCHU Technology Ventures led the round. Current investors (Sierra Ventures and Rembrandt Venture Partners) also participated. Ooyala has raised a total of $42 million. Ooyala expects a second closing within the next 60 days.
4 min read · 10 September 2010
Good Start Genetics Inc. completed an$18 million Series A financing. The round was led by OrbiMed Advisors, Safeguard Scientifics Inc. and SV Life Sciences. Good Starts of Boston plans to use proceeds to complete the development and launch of its pre-pregnancy genetic test.
4 min read · 10 September 2010
