Silver Spring Networks, a Redwood City, Calif.-based smart grid networking company, has raised $100 million in fifth-round funding. Return backers include Google Ventures, Foundation Capital, Kleiner Perkins Caufield & Byers and Northgate Capital. The company previously raised around $167 million.
2 min read · 15 December 2009
AlikeList, a Sunnyvale, Calif.-based social-local platform for local businesses, has raised $5 million in Series A funding from Syncom Venture Partners.
3 min read · 15 December 2009
Molecular Partners AG, a Swiss developer of DARPins as protein therapeutics, has raised CHF40 million (US$45m) in Series B funding. Essex Woodlands Health Ventures led the round, and was joined by return backers Ventures, Johnson & Johnson Development Corp., BB Biotech Ventures and Endeavour. The company has now raised CHF64.5 million.
2 min read · 15 December 2009
1 min read · 15 December 2009
Evolva SA, a Swiss biotech company that uses a genetic chemistry platform to developer small molecule drugs, has raised CHF16 million ($15.37m) in additional Series B funding. This brings the round total to CHF44 million ($42.27m), including an initial CHF28 million close in October. Backers include Wellington Partners, Aravis, Auriga Partners and Vinci Capital – Renaissance PME. The investment was part of Evolva's reverse merger with Switzerland-listed Arpida Ltd. In other Evolva news, the company's Indian subsidiary secured a CHF5 million funding commitment from Ventureast Trustee Company Pte Ltd.
4 min read · 15 December 2009
Joel Serface has joined CyberCity 3D, developer of 3D/geospatial application service platforms, as a director and chief strategy officer. He previously was with Kleiner Perkins Caufield & Byers, where he served as the first entrepreneur-in-residence at the National Renewable Energy Laboratory. He also is a former partner with Eastman Ventures and a former managing director with Sierra Ventures.
3 min read · 15 December 2009
ZumoDrive, a Burlingame, Calif.-based developer of technology that connects consumers to their content on any mobile device, has raised $1.5 million in new VC funding. Sherpalo Ventures led the round, and was joined by return backers Tandem Entrepreneurs and VeriFone CEO Douglas Bergeron.
2 min read · 14 December 2009
WideVine Technologies Inc., a Seattle-based provider of digital entertainment delivery solutions, has raised $15 million in new VC funding. New backers include Liberty Global and Samsung Ventures. The company previously raised over $52 million from firms like Constellation Ventures and VantagePoint Venture Partners.
2 min read · 14 December 2009
Alcon (NYSE: ACL) has agreed to acquire Optonol Ltd., a maker of miniature surgical implants used to lower intraocular pressure (IOP) in patients with glaucoma. No financial terms were disclosed for the deal, which is expected to close in Q1 2010. Optonol had raised VC funding from Pitango Venture Capital.
3 min read · 14 December 2009
Relume Technologies, an Oxford, Mich.-based maker of LED products and smart-grid control systems for outdoor lights, has raised an undisclosed amount of VC funding from Beringea.
3 min read · 14 December 2009
