VCJ Staff

WePay Raises $1.65 Million

Medic Vision Raises $1 Million

LifeSync Buys Besson Wireless Patents from Motorola

LifeSync Holdings Inc. has purchased the Besson wireless patent portfolio from Motorola Inc. No financial terms were disclosed. The patents cover "wireless, two-way, digital communication between patient-electrodes or sensors and an evaluator station for monitoring a patient." LifeSync is a subsidiary of GMP Companies, whose investors include Affinity Capital Management, TPG Captial and VCE Capital.

Webvanta Closes Series A Round

Webvanta Inc., a Sebastopol, Calif.-based developer of SaaS solutions for building content-rich websites, has closed its Series A funding led by individuals from the North Bay Angels. No financial terms were disclosed, although the two-year-old company recently reported in a regulatory filing that it had secured $378,000 of a $500,000 equity offering.

PTC Therapeutics Raises $50 Million

PTC Therapeutics Inc., a South Plainfield, N.J.-based drug company focused on post-transcriptional control mechanisms, has raised $50 million in new VC funding. The Column Group and return backer Delphi Ventures co-led the round. Undisclosed new investors were joined by return backers like CSFB Private Equity, HBM BioVentures, Novo A/S and Celgene. PTC previously raised over $143 million in VC funding, and filed for an IPO in 2006 that it later withdrew.

Rho Ventures PIPEs Bluefly

Rho Ventures has agreed to purchase $15 million worth of newly-issued common stock in Bluefly Inc. (Nasdaq: BFLY), an online fashion retailer.

Almaz Capital Holds Second Fund Close

Deltagen Buys Benten BioServices

Deltagen Inc. (OTC BB: DGEN) has acquired Benten BioServices Inc., a provider of manufacturing and testing services for the pharma development market. As part of the deal, Penn Venture Partners and Life Sciences Greenhouse invested approximately $1.5 million in the combined company.

Flurry Merging with Pinch Media

Limelight Buying BIA-Backed EyeWonder

Limelight Networks Inc. (Nasdaq: LLNW) has agreed to acquire EyeWonder Inc., an Atlanta-based provider of leading provider of interactive digital advertising products and services. The deal is valued at approximately $110 million, including $62 million in cash and approximately 12.74 million shares of Limelight common stock. There also is an earn-out of 4.86 million additional shares based on financial milestones. EyeWonder raised an undisclosed amount of growth equity in 2007 from BIA Digital Partners.