Michael Avon has joined Millennial Media as executive vice president and chief financial officer. He previously was a principal with Columbia Capital. Millennial is a Baltimore-based provider of mobile advertising solutions, which recently raised $16 million in Series C funding from firms like Columbia, New Enterprise Associates, Bessemer Venture Partners and Charles River Ventures.
2 min read · 20 November 2009
1 min read · 20 November 2009
1 min read · 20 November 2009
QuorumLabs, a Fremont, Calif.-based developer of a business continuity appliance, has raised $5.3 million in Series A funding led by Themis Computer.
2 min read · 20 November 2009
Xigen, a Swiss developer of therapeutic peptides, has raised $20 million in Series B funding from return backer Tilocor Life Science.
4 min read · 20 November 2009
Asterand PLC (LSE: ATD) has acquired BioSeek Inc., a Burlingame, Calif. drug developer that uses predictive human biology. The deal includes a $1 million up-front payment in Asterand stock, and up to $13 million in earnouts ($10m in cash). BioSeek had raised around $28 million in VC funding, from Amylin Pharmaceuticals,Bay City Capital, Fremont Ventures and Vanguard Ventures.
5 min read · 20 November 2009
TriVascular, a Santa Rosa, Calif.-based developer of endovascular repair devices for treating abdominal aortic aneurysms, has raised $30 million in Series B funding. Return backers include New Enterprise Associates, Delphi Ventures, MPM Capital and Kearny Venture Partners. The company previously raised $65 million, part of which was used to purchase TriVascular from Boston Scientific (which itself had purchased the company from VCs Delphi and Kearny).
2 min read · 20 November 2009
Chegg.com, a Santa Clara, Calif.-based online marketplace for textbook rentals, has raised $57 million in Series D funding. Insight Venture Partners led the round, and was joined by return backers like Kleiner Perkins Caufield & Byers, Foundation Capital, Gabriel Venture Partners and Primera Capital. Insight also led a $25 million credit facility, which is on top of a $30 million facility recently secured from Pinnacle Ventures and TriplePoint Capital.
4 min read · 19 November 2009
Manthan Systems, an India-based provider of business intelligence and analytics for the retail and consumer packaged goods industries, has raised up to $15 million in Series B funding. Fidelity International led the round, and was joined by return backers IDG Ventures India and ePlanet Ventures.
5 min read · 19 November 2009
ClearMomentum, a Rochester, N.Y.-based provider of, has raised an undisclosed amount of Series A funding led by Trillium Group.
2 min read · 19 November 2009
