Private Equity
Morphlabs Inc., an El Segundo, Calif.-based cloud platform startup, has raised $5.5 million in Series B funding. Global Gateway Investment Group led the round, and was joined by Frontera Group and return backers CSK Venture Capital and AO Capital Partners.
2 min read · 14 July 2010
Power Assure Inc., a Santa Clara, Calif.-based provider of power management solutions for data centers, has raised $11.25 million in Series B funding. Good Energies and Point Judith Capital were joined by return backer Draper Fisher Jurvetson.
3 min read · 14 July 2010
Metamark Genetics Inc., a Cambridge, Mass.-based molecular diagnostics company focused on cancer, has raised $22 million in Series B funding. No investor information was disclosed.
3 min read · 14 July 2010
1 min read · 14 July 2010
Envestnet Inc., a Chicago-based provider of online investment solutions and services to financial advisors, set its IPO terms to 7.7 million common shares at between $12 and $14 per share. The company plans to trade on the NYSE under ticker symbol ENV, with Morgan Stanley, UBS and Barclays Capital serving as co-lead underwriters.
1 min read · 14 July 2010
Digital Sky Technologies, a Russian Internet conglomerate, has sold a 28.7% ownership stake to Naspers, a global media group based in South Africa. The deal involves $388 million in cash, plus Naspers' 39.3% stake in Mail.ru.
2 min read · 14 July 2010
Zogenix Inc., a San Diego-based drug company focused on pain management and CNS disorders, has raised $15 million in Series C funding. Return backers include Clarus Ventures, Domain Associates, Scale Venture Partners, Thomas, McNerney & Partners, Abingworth Management and Chicago Growth Partners. The company previously had raised $71 million, and today also announced that it has secured a $35 million debt facility from Oxford Finance Corp. and Silicon Valley Bank.
3 min read · 14 July 2010
Trevena Inc., a Berwyn, Penn.-based developer of drugs that target G-protein coupled receptors, has raised $35 million in Series B funding from existing investors.Polaris Venture Partners and New Enterprise Associates co-led the round, and were joined by Alta Partners, Healthcare Ventures and Yasuda Enterprise Development Company. Trevena previously raised $24 million.
5 min read · 14 July 2010
TriVascular, a Santa Rosa, Calif.-based developer of endovascular repair devices for treating abdominal aortic aneurysms, has raised $60 million in Series C funding. Pinnacle Ventures led the round, and was joined by return backers New Enterprise Associates, Delphi Ventures, MPM Capital and Kearny Venture Partners. The company previously raised $95 million, part of which was used to purchase TriVascular from Boston Scientific (which itself had purchased the company from VCs Delphi and Kearny).
3 min read · 13 July 2010
Vivox Inc., a Framingham, Mass.-based provider of VoIP services for online games and virtual worlds, has raised $2 million from Peacock Equity. The company previously raised around $20.6 million from Benchmark Capital, Canaan Partners, Grandbanks Capital and IDG Ventures San Francisco.
2 min read · 13 July 2010
