Private Equity
Cardlytics Inc., an Atlanta-based provider of banking rewards solutions, has raised $18 million in new VC funding. ITC Holdings and Kinetic Ventures were joined by return backers Canaan Partners, Polaris Venture Partners and Total Technology Ventures. The company previously raised $8 million in equity and $4 million in venture debt financing.
5 min read · 16 August 2010
1 min read · 16 August 2010
Medco Health Solutions Inc. (NYSE: MHS) has agreed to acquire United BioSource, a Bethesda, Md.-based scientific and medical affairs organization. The all-cash deal is valued at around $730 million. United BioSource has raised more than $275 million in equity funding, from Berkshire Partners, Grotech Capital Group, J.H. Whitney and New Enterprise Associates.
4 min read · 16 August 2010
Science Applications International Inc. (NYSE: SAI) has completed its previously-announced acquisition of Reveal Imaging Technologies Inc., a Bedford, Mass.-based provider of detection products and services. No financial terms were disclosed. Reveal Imaging has raised around $18 million in VC funding, from Flybridge Capital Partners, Brown Brothers Harriman, General Catalyst and Greylock.
2 min read · 16 August 2010
24M Technologies has spun out of A123 Systems, in order to commercialize energy storage systems. It has raised $10 million in Series A funding from Charles River Ventures and North Bridge Venture Partners, plus a new $6 million grant from ARPA-E.
4 min read · 16 August 2010
Ayeah Games Inc., a Boston-based developer of "social reality games," has raised an undisclosed amount of seed funding from groups like Lead Dog Ventures and Eureeka Ventures.
2 min read · 16 August 2010
Shape Up The Nation, a provider of social network-based online health and wellness services, has raised $5 million in Series A funding from Cue Ball Capital and Excel Venture Management. The company is based in Providence, Rhode Island.
4 min read · 16 August 2010
1 min read · 16 August 2010
Telestream, a provider of digital media tools and workflow solutions, has agreed to acquire the video transcoding software (Anystream) division of Grab Networks, a Dulles, Va.-based provider of online video management software. No financial terms were disclosed. Tellestream backers include Hallador Venture Partners and Shaw Ventures, while Grab Networks shareholders include Softbank Capital, SCP Capital, Longworth Venture Partners and Court Square Partners.
3 min read · 16 August 2010
OriGene Technologies, a Rockville, Md.-based developer of monoclonal antibodies, has acquired Blue Heron Biotechnology Inc., a Bothell, Wash.-based provider of gene synthesis services. No financial terms were disclosed. OriGene has raised over $16 million in VC funding, from IDG-Accel, SBI & TH Venture Capital Enterprise, Zero2IPO, Morningside Venture Investments and President International Development Corp. Blue Heron had raised around $9 million, from Crabtree Ventures, Integra Ventures and Invitrogen Corp
2 min read · 16 August 2010
