Private Equity
Gemin X Pharmaceuticals Inc., an oncology drug developer with offices in both Malvern, Pa. and Montreal, has raised $8 million in Series E funding. Return backers Caxton Advantage Life Sciences Fund and Sanderling Venture Partners co-led the round. The company had announced a $16 million Series D round back in April, which included a $4 million investor option.
3 min read · 05 August 2010
1 min read · 05 August 2010
Amplimmune has signed a drug development deal with GlaxoSmithKline that includes a $23 million up-front payment and up to $485 million in milestone payments. The agreement relates to PD-1 targeting therapies that may help treat cancer and other diseases. Rockville, Md.-based Amplimmune has raised $20 million from InterWest Partners and Wellcome Trust.
3 min read · 05 August 2010
LinkedIn has made its first acquisition: MSpoke, a Pittsburgh-based provider of recommendation technology. No financial terms were disclosed. LinkedIn shareholders include Bain Capital Ventures, Goldman Sachs, McGraw-Hill Cos., SAP Ventures and Bessemer Venture Partners. MSpoke had raised around $1.5 million from groups like Innovation Works and Summa VentureWorks.
2 min read · 05 August 2010
Tudou.com, a Chinese online video sharing site, has raised $50 million in Series E funding. Temasek Holdings led the round with a $35 million investment, and was joined by return backers IDG Technology Venture Investment, Granite Global Ventures, General Catalyst Partners, Capital today, Jafco Asia, KTB Ventures and JAIC. Todou has now raised $135 million in total VC funding
2 min read · 05 August 2010
C2Call, a Germany-based provider of free Internet phone services, has raised $2 million in Series A funding. Backers include Draper Investment Co., High-Tech Grunderfonds and KHK Software co-founder Klaus Wecken.
3 min read · 05 August 2010
Iron Will Innovations, developer of a "glove" that helps wearers control games and applications, has raised $3 million in Series A funding. It also announced that it has begun raising $2 million in Series B funding. No investor information was disclosed.
3 min read · 04 August 2010
2 min read · 04 August 2010
Zulily, a Seattle-based private shopping site for children's items, has raised $6 million in Series B funding. August Capital led the round, and was joined by return backer Maveron LLC.
4 min read · 04 August 2010
WeShop, a New York-based operator of an online shopping platform where consumers control their data, has raised $4.25 million in Series A funding. Backers include Jonathan Miller (News Corp.), Frank Kenny (Delta Partners), Martin White (Abacus Direct) and Carlos Sala (Abacus Direct).
4 min read · 04 August 2010
