Holger Reithinger has stepped down as a partner with Global Life Science Ventures, according to VentureWire. No word yet on his future plans. The European venture firm is planning to restart an earlier attempt to raise €150 million for its third fund.
2 min read · 03 March 2010
Cleveland HeartLab LLC, a clinical reference laboratory specializing in cardiovascular diseases, has raised $3 million in new VC funding. Backers include Glengary LLC, Second Generation Ltd. and Zapis Capital Group LLC.
5 min read · 03 March 2010
Perfect Market Inc., a Pasadena, Calif.-based provider of marketing services for publishers, has raised $6 million in Series C funding. Tribune Co. led the round, and was joined by return backers Trinity Ventures, Rustic Canyon Partners and Idealab. The company previously raised nearly $40 million since 2005.
3 min read · 03 March 2010
Adenyo (f.k.a Silverback Media), a Toronto-based provider of mobile marketing software, has raised US$26.9 million in financing led by Genuity Capital Markets.
3 min read · 03 March 2010
Rick Anderson, a managing director with PTV Sciences, has been named interim CEO of Cardiva Medical Inc., a Mountain View, Calif.-based developer of vascular closure devices. The move follows the resignation of company founder and CEO Augustine Lien. Cardiva has raised around $49 million in VC funding from PTV, Galen Partners, Sycamore Ventures, Amkey Ventures, Lexli Investment and Eminent Venture Capital.
2 min read · 03 March 2010
Mantella Venture Partners has formed a C$20 million fund to focus on early-stage technology companies in Ontario, Canada. The fund is a joint venture between tech accelerator Basecamp Labs and real estate developer Mantella Corp.
3 min read · 03 March 2010
Susan Barnes has been named chief financial officer for Pacific Biosciences, a VC-backed company focused on DNA gene sequencing. She is a onetime managing director in the private equity group of Jefferies & Company.
2 min read · 03 March 2010
Cloudmark, a San Francisco-based provider of carrier-grade messaging security solutions, has raised $23 million in fourth-round funding. Summit Partners led the round, and was joined by Nokia Growth Capital and return backers Ignition Partners and Industry Ventures. The company's previous financing round was in 2004, when it raised $11 million.
4 min read · 03 March 2010
Gold Standard Diagnostics Inc., a Davis, Calif.-based provider of diagnostics solutions to reference and hospital laboratories in North America, has raised an undisclosed amount of Series A funding led by individual angels like Roger Salquist (former Calgene Inc. who also served as a managing director of Bay City Capital).
3 min read · 03 March 2010
1 min read · 02 March 2010
