EdenIQ, a Visalia, Calif.-based developer of biofuel yield enhancement technologies, has raised $12.4 million in Series B funding. Draper Fisher Jurvetson led the round, and was joined by The Westly Group, Kleiner Perkins, Cyrus Capital, Angeleno Group, Element Partners, Morgan Stanley, Advanced Equities, Omninet and Nimes Capital. The company previously raised over $33 million.
2 min read · 30 April 2010
1 min read · 30 April 2010
1 min read · 29 April 2010
Medtronic Inc. (NYSE: MDT) has agreed to acquire ATS Medical Inc. (Nasdaq: ATSI) for approximately $370 million, or $4 per ATS share. Sellers include Alta Partners, which bought 9.8 million shares of ATS in at $1.65 per share, and which also holds an ATS board seat. Also selling would be Essex Woodlands Health Ventures, which in late 2008 invested $20 million for 8.5 million common shares at $2.35 per share, plus another 2.5 million warrants.
3 min read · 29 April 2010
Symantec Corp. (Nasdaq: SYMC) has agreed to buy two VC-backed companies: PGP Corp., a Palo Alto, Calif.-based provider of enterprise data protection, and GuardianEdge, a San Francisco-based provider of endpoint data protection for the enterprise. The PGP deal will be for around $300 million in cash, while the GuardianEdge deal will be for around $70 million in cash. PGP has raised around $45 million in VC funding from firms D.E. Shaw Group, Intel Capital, DCM and Venrock. GuardianEdge raised over $10 million from Cargill Ventures, Thomvest Ventures, Altos Ventures and Cardinal Venture Capital.
6 min read · 29 April 2010
1 min read · 29 April 2010
Mojiva Inc., a New York-based mobile advertising network, has raised $7 million in Series B funding. UV Partners led the round, and was joined by return backer Bertelsmann Digital Media Investments. The company previously raised $3 million.
3 min read · 29 April 2010
Klout, a provider of social web influencer analytics, has raised $1.5 million in Series A funding. Backers include ff Asset Management, Allan Morgan, Zelkova Ventures and Nova Spivak.
3 min read · 29 April 2010
Fixmo Inc., a Toronto-based mobile software utility startup, has raised an undisclosed amount of new VC funding from iNovia Capital. It previously announced C$2 million from Rho Ventures Canada and Extreme Venture Partners.
2 min read · 29 April 2010
Mitra Biotech Pvt Ltd., an India-based developer of an analytical diagnostic platform for personalized cancer treatment, has raised an undisclosed amount of VC funding from Accel Partners.
3 min read · 29 April 2010
