VCJ Staff

Plex Systems Raises $6 Million

Plex Systems Inc., an Auburn Hills, Mich.-based provider of ERP software for manufacturers, has raised $6 million in new funding led by return backer Apax Partners.

AppNexus Adds $5 Million

AppNexus Inc., a New York-based maker of a virtualized cloud computing platform for online advertising applications, has raised $5 million in third-round funding. Kodiak Venture Partners led the round, and was joined by fellow return backers Venrock and First Round Capital. Previous investor was not listed.

Tailwind Capital Invests in SDI Health

SDI Health, a Plymouth Meeting, Penn.-based provider of healthcare analytics, has raised an undisclosed amount of equity funding from Tailwind Capital. SDI had previously raised funding from LLR Partners.

ElectraTherm Raises $5.4 Million

ElectraTherm Inc., a Carson City, Nev.-based developer of waste-heat recovery technology, has raised $5.4 million in new funding from undisclosed investors. It has now raised around $10 million in total funding.

BioVex Raises $30 Million

BioVex Inc., a Woburn, Mass.-based drug company whose lead candidate is designed to help treat advanced melanoma, has raised $30 million in new Series F funding. This brings the round total to $70 million, including a $40 million first close back in March. Morningside Venture, Ventech and MVM Life Science Partners co-led the new tranche, and were joined by fellow new backers Sectoral Asset Management and Ysios Capital Partners. Forbion Capital Partners had led the initial tranche, alongside Credit Agricole Private Equity, Harris & Harris Group, Innoven Partners, New Science Ventures, Triathlon Medical Venture Partners and Scottish Equity Partners. BioVex has now raised around $180 million.

SandForce Raises $21 Million

SandForce Inc., a Santa Clara, Calif.-based developer of flash solid-state drive processors, has raised $21 million in Series C funding. TransLink Capital led the round, and was joined by fellow new investors UMC Capital, LSI Corp., Red Maple Ventures, Darwin Ventures and A-Data Technology. Return backers included DCM, Storm Ventures and unnamed "tier-1 storage OEMs."

VC-Backed GridPoint Buys ADDMMicro

GridPoint Inc., an Arlington, Va.-based smart-grid company, has acquired ADMMicro, a Roanoke, Va.-based provider of energy management systems for the commercial and industrial sector. No financial terms were disclosed. GridPoint has raised around $220 million in total VC funding, from firms like Goldman Sachs, New Enterprise Associates, Susquehanna Private Equity, Perella Weinberg Partners and Robeco.

Martin Gibson Joins Accel Partners

Google Buying AdMob for $750 Million

Google has agreed to buy AdMob, a San Mateo, Calif.-based mobile advertising marketplace, for $750 million in stock. AdMob has raised over $46 million in VC funding, from firms like Accel Partners, Sequoia Capital and DFJ Growth Fund.

EA Buys Playfish for $400 Million

Electronic Arts (Nasdaq: ERTS) has agreed to buy social gaming company Playfish Inc. for $400 million, including a $100 million earn-out. The company had raised $21 million in VC funding from Accel Partners and Index Ventures.