VCJ Staff

Kakai Raises $7.5 Million

SCVNGR Raises $4 Million

XDC Raises €15.3 Million

XDC, a Belgium-based provider of digital cinema distribution services, has raised €15.3 million in new VC funding from firms like GIMV and SRIW. Founding backer EVS Broadcast Equipment remains the company's largest shareholder.

VC-Backed Bust: HyperMed Files for Bankruptcy

Replacement Organ Maker Files for IPO

Telefónica Buys JaJah for €145 Million

Telefónica has acquired JaJah Inc., a Menlo Park, Calif.-based Internet telephone company, for €145 million in cash. JaJah had raised nearly $28 million in VC funding, from firms like Globespan Capital Partners, Intel Capital, Deutsche Telekom and Sequoia Capital.

Curse Raises $6 Million

ChaCha Adds $7 Million

Novartis Buying VC-Backed Corthera

Novartis has agreed to buy Corthera Inc., a San Mateo, Calif.-based drug company whose lead candidate is a potential treatment option for patients with acute decompensated heart failure. The deal includes a $120 million up-front payment, plus up to $500 million in milestone payments. Corthera has raised nearly $70 million in VC funding since 2003, from Domain Associates, Kleiner Perkins Caufield & Byers, Caxton Advantage Life Science Fund and Sears Capital Management.

AstraZeneca Buying Novaxel For Up To $425 Million

AstraZeneca has agreed to acquire Novexel, a French infection research company. The deal includes a $375 million up-front cash payment, plus up to $75 million in milestone payments. Novexel has raised around $127 million in VC funding since 2004, from firms like Atlas Venture, Abingworth Management, 3i Group, Goldman Sachs, Sofinnova Partners, Edmond de Rothschild Investment Partners, 123Venture, Daiwa SMBC Capital and Novo AS.