RMG Networks, a place-based video entertainment company, has acquired Pharmacy TV, an in-store narrowcast media network for pharmacy retail chains. No financial terms were disclosed. RMG Networks is a portfolio company of Kleiner Perkins and National CineMedia LLC, while Pharmacy TV had raised a small amount of funding from Nueva Ventures.
2 min read · 15 March 2010
Gina Bianchini is stepping down as CEO of Ning, in order to become an entrepreneur-in-residence with venture capital firm Andreessen Horowitz. The news was first reported by All Things D. Bianchini is a co-founder of Ning, which offers an online platform for people who want to create their own social networks. Her fellow co-founder, and Ning chairman, is Marc Andreessen, who is one of two Andreessen Horowitz partner. She will be succeeded by Ning CFO Jason Rosenthal.
1 min read · 15 March 2010
1 min read · 15 March 2010
GyPSii, a Dutch developer of location-based social networking applications, has raised $11 million in VC funding led by UK-based Schroders.
5 min read · 15 March 2010
Antisense Pharma, a German developer of cancer therapeutics, has raised €13 million in new VC funding. Return backers included MIG Fonds and the Global Asset Fund.
7 min read · 15 March 2010
1 min read · 15 March 2010
1 min read · 15 March 2010
Snaptu (f.k.a. Moblica), an Israeli mobile application developer, has raised an undisclosed amount of Series A funding from Sequoia Capital.
2 min read · 15 March 2010
Rhythm Pharmaceuticals, a Boston-based developer of peptide therapeutics for metabolic diseases, has held a $21 million first close on its Series A funding. MPM Capital and New Enterprise Associates co-led the financing, which will be used to developer products licensed from Ipsen (Euronext: IPN).
2 min read · 15 March 2010
Richard Marsh and Jonathan Freuchet-Sibilia have joined Encore Ventures, the secondaries unit of European VC firm DFJ Esprit, as a partner and investment manager, respectively. Marsh previously was an investment manager with Oxford Capital Partners, and will take over responsibility for assets acquired late last year from 3i Group. Freuchet-Sibilia previously was an associate with Jefferies International.
2 min read · 15 March 2010
