1 min read · 25 February 2010
1 min read · 25 February 2010
Tengion Inc., an East Norriton, Penn.-based regenerative medicine company focused on replacement organs like bladders, has raised the target for its IPO from $40.25 million to $46 million. It also has added Leerink Swann as a co-lead underwriter, alongside Piper Jaffray. Tengion has raised over $140 million in VC funding, from Oak Investment Partners (19.6% pre-IPO stake), HealthCap (14.3%) Johnson & Johnson Development Corp. (12.5%), Brookside Capital (8.6%), Bain Capital Ventures (8.5%), Quaker BioVentures (8.3%), L Capital Partners (6.4%), Deerfield Partners and Safeguard Scientifics. www.tengion.com
1 min read · 25 February 2010
1 min read · 25 February 2010
Millennial Media, a Baltimore-based provider of mobile advertising solutions, has acquired San Francisco-based mobile analytics firm TapMetrics. No financial terms were disclosed. Millennial Media has raised around $37 million over three rounds of VC funding, from Bessemer Venture Partners, Columbia Capital, Charles River Ventures and New Enterprise Associates.
3 min read · 25 February 2010
3 min read · 25 February 2010
PocketGear Inc., a Durham, N.C.-based mobile app store and content marketplace, has acquired Handango, a Hurst, Texas-based provider of smartphone content. No financial terms were disclosed. Handango had raised around $80 million in VC funding since 1999, from Institutional Venture Partners, Advanced Technology Ventures, Centerpoint, Neo Carta Ventures, Pharos Capital Group and SSM Partners. PocketGearraised an undisclosed amount of VC funding from Noro-Moseley Partners and Wakefield Group, as part of its spinout from Motricity.
4 min read · 25 February 2010
Newport Media Inc., a Lake Forrest, Calif.-based fabless semiconductor company supplying products to the mobile broadcast media market, has raised $15 million in Series D funding. Pinnacle Ventures led the round, and was joined by return backers Benchmark Capital, Venrock, Global Catalyst Partners, Oak Investment Partners and DAG Ventures. The company previously raised more than $66 million in venture capital since its 2005 inception.
2 min read · 25 February 2010
Mashery, a San Francisco-based provider of API enablement and management services, has raised $5.5 million in Series A funding. Cisco Systems led the round, and was joined by return backers Formative Ventures, First Round Capital and .406 Ventures
2 min read · 25 February 2010
Yoyi Media, a China-based provider of online advertising and marketing solutions, has raised an undisclosed amount of Series A funding co-led by Gobi Partners and Steamboat Ventures.
3 min read · 25 February 2010
