Mozat Pte Ltd., a Singapore-based mobile social media platform, has raised an undisclosed amount of Series A funding from Jafco Asia.
3 min read · 17 December 2009
Venrock has agreed to purchase $10 million worth of common stock in Neurocrine Biosciences Inc. (Nasdaq: NBIX), a San Diego-based drug company focused on neurological and endocrine diseases and disorders.
2 min read · 17 December 2009
Carbon Hub, a London-based developer of Web-based carbon management solutions, has raised €1 million from Seventure Partners and individual angels.
3 min read · 17 December 2009
Ethicon, a subsidiary of a Johnson & Johnson (NYSE: JNJ), has agreed to acquire Acclarent Inc., a Menlo Park, Calif.-based developer of surgical devices for treating ear, nose and throat ailments. The deal is valued at $785 million in cash. Acclarent has raised just over $100 million in VC funding, from firms like Johnson & New Enterprise Associates, Delphi Ventures, Versant Ventures, Meritech Capital Partners and Johnson Development Corp. Acclarent canceled a proposed $86.25 million IPO in December 2008, citing "unfavorable market conditions."
3 min read · 16 December 2009
TechStars, a startup boot camp for software entrepreneurs, plans to launch a Seattle program next fall, with Andy Sack as executive director. TechStars began operation in Boulder, Colo. three years ago, and last year opened its first satellite program in Boston.
3 min read · 16 December 2009
SonicMule Inc., a Menlo Park, Calif.–based developer of interactive sonic applications for the iPhone, has raised $8 million in third-round funding. Shasta Ventures led the round, and was joined by return backers Granite Ventures and Bessemer Venture Partners.
3 min read · 16 December 2009
The INext Fund has launched as a $58 million fund-of-funds focused on Indiana's life sciences market. It will be managed by BioCrossroads and Credit Suisse. LP commitments were provided by such groups as Eli Lilly, the Indiana State Teachers Retirement Fund, Indiana University, Purdue, Notre Dame and the Fairbanks Foundation.
5 min read · 16 December 2009
SeeWhy Inc., an Andover, Mass.-based provider of real-time analystics on los ecommerce customers, has raised $2 million in new VC funding. Return backers include Scottish Enterprise, Logispring, Pentech Ventures and Delta Partners. The company raised $4.5 million in second-round funding earlier this year.
3 min read · 16 December 2009
Gizmoz of San Francisco and Daz 3D of Draper, Utah have merged, in order to form a combined online marketplace for inter-compatible digital characters and accessories. No financial terms were disclosed. Gizmoz had raised around $37 million, from Benchmark Capital, Columbia Capital, DoCoMo Capital and NGI Capital. Daz had raised just over $4 million from Highway 12 Ventures.
3 min read · 16 December 2009
Ellie Mae has acquired Mavent Inc., an Irvine, Calif.-based provider of automated compliance solutions for the mortgage industry. No financial terms were disclosed. Mavent had raised around $21 million in VC funding since its 2000 inception from backers like FTV Capital.
4 min read · 16 December 2009
