Private Equity
Incline Therapeutics Inc., a hospital-focused specialty pharma startup, has raised $43 million in Series A funding. Frazier Healthcare Ventures led the round, and was joined by 5AM Ventures, Technology Partners, Adams Street Partners, Saints Capital Partners and Emergent Medical Partners. Also receiving shares was Cadence Pharmaceuticals Inc. (Nasdaq: CADX), which signed an option to acquire Incline for up to $285 million. In related news, Incline agreed to acquire the global rights to IONSYS, patient-controlled analgesia for adult inpatients requiring opioids following surgery, from ALZA Corp.
3 min read · 22 June 2010
Lijit Networks Inc., a Boulder, Colo.-based provider of search tools and statistics for online publishers, has raised $6 million in fourth-round funding. Foundry Group led the deal, and was joined by fellow return backers Boulder Ventures and High Country Venture. Lijit previously raised over $10.4 million.
2 min read · 22 June 2010
ATEME, a French provider of MPEG-4/H.264 video compression solutions, has raised €6.5 million in new funding. A Plus Finance was joined by undisclosed existing shareholders and company management.
2 min read · 22 June 2010
Diet Chef, a UK-based company that delivers nutritionally-balanced meals to customers, has raised £3 million from Piper Private Equity.
3 min read · 22 June 2010
SpareFoot.com, an Austin, Texas-based operator of an online marketplace for self storage, has raised $2 million in Series B funding. Silverton Partners and FloodGate co-led the round, and were joined by Capital Factory.
3 min read · 21 June 2010
Adknowledge, a Kansas City-based provider of behavioral online advertising solutions, has acquired Hydra Group, a Beverly Hills, Calif.-based premium CPA performance marketing network. No financial terms were disclosed. Adknowledge raised $48 million in funding in 2006 from Technology Crossover Ventures.
4 min read · 21 June 2010
National Semiconductor Corp. (NYSE:NSM) has acquired the technology assets of GTronix, a Fremont, Calif.-based fabless IC maker focused on programmable and adaptive analog sensory processing technology. No financial terms were disclosed. GTronix had raised over $31 million from backers like Menlo Ventures and Jafco Ventures.
2 min read · 21 June 2010
Anup Gupta has joined Nexus Venture Partners as a Mumbai-based managing director, with a focus on opportunities in the business and consumer services sectors. He previously was a group COO at WNS (Holdings) Ltd.
3 min read · 21 June 2010
Inform Technologies, a New York-based provider of semantic web solutions, has raised $4 million in new funding. Return backers include Spark Capital, The Stephens Group, and The Oklahoma Publishing Company.
3 min read · 21 June 2010
Prudent Energy, a Beijing-based developer of energy storage technology to for electricity grid operations and integration of large scale renewable energy, has raised $10 million in additional Series C funding. Backers include JAFCO Asia, Mitsui Ventures and CEL Partners. The round now stands at $32 million, including past support from Northern Light Venture Capital, Sequoia Capital China and return backers DFJ and DT Capital.
4 min read · 21 June 2010
