Private Equity
IngBoo, a Sunnyvale, Calif.-based online marketplace for information updates, has raised $800,000 in seed funding. Backers include Elis Nemes and Saeed Amidi of Amidzad Partners, Doug Tsui of Horizon Ventures and Allen Miner of Sunbridge Partners.
2 min read · 29 October 2009
Data Robotics Inc., a Santa Clara, Calif.-based developer of automated data storage products, has raised $9.97 million in new VC funding, according to a regulatory filing. Return backers include Greylock Partners, New Enterprise Associates, RRE Ventures and Sutter Hill Ventures. It had previously raised $43 million since 2005.
2 min read · 29 October 2009
Renewable Funding, an Oakland-based financier of property-assessed clean energy (PACE) programs, has raised $12.2 million in Series A funding. NGEN Partners and Draper Fisher Jurvetson co-led thye round, and were joined by New Cycle Capital and law firm Wilson Sonsini.
2 min read · 29 October 2009
Equifax Inc. (NYSE:EFX) has acquired IXI Corp., a McLean, Va.-based provider of consumer wealth and asset data, for $124 million in cash. IXI raised just over $9 million in 2004 and 2005, from Blue Chip Venture Co., Core Capital Partners, eCentury Capital Partners and Equifax.
4 min read · 29 October 2009
Virdante Pharmaceuticals, a Cambridge, Mass.-based developer of technology to increase the anti-inflammatory potency of plasma-derived intravenous immune globulin, has expanded its Series A funding to $47.75 million. Thomas, McNerney & Partners led the new tranche, and was joined by Osage Partners and return backers Clarus Ventures, Venrock, MedImmune Ventures and Biogen Idec New Ventures.
4 min read · 29 October 2009
ScanScout Inc., a Cambridge, Mass.-based developer of software for inserting contextual advertising into Internet video, has raised new Series B funding from EDB Investments of Singapore. This closes out an $8.5 million Series B round. Other company backers include Catalyst Partners, First Round Capital, Time Warner and Ron Conway.
3 min read · 29 October 2009
SnapLogic, a San Mateo, Calif.-based provider of a data integration platform, has raised $2.3 million in Series A funding. Backers include Andreessen Horowitz, Maples Investments, Naval Ravikant (Epinions co-founder) and Brian McClendon (Google VP of engineering).
3 min read · 29 October 2009
Nabriva Therapeutics, a Vienna, Austra-based developer of antibiotics for treating resistant pathogens, has raised €15 million in new VC funding. Return backers include Nomura Phase 4 Ventures, HBM Partners, Wellcome Trust, GLS Ventures, and Novartis Venture Fund. The company has now raised a total of €57.4 million since 2006.
2 min read · 29 October 2009
GSI Commerce Inc. (Nasdaq: GSIC) has agreed to acquire Retail Convergence Inc., a Boston-based operator of private sale site RueLaLa.com and discount e-commerce site SmartBargains.com. The deal is valued at up to $350 million, including a $180 million up-front payment (50% in cash), and an earn-out of up to $170 million. Retail Convergence had raised a $25 million Series A round in April 2008, from Breakaway Ventures, New England Development, Mugar Investments and General Catalyst Partners.
5 min read · 29 October 2009
Activaero GmbH, a German developer of controlled breathing devices for inhaled therapeutic agents, has raised €10.7 million in Series A funding. BioMedPartners led the round, and was joined by VI Partners, Abalis Finance AG and Vesalius Biocapital. MedVenture Partners served as placement agent.
4 min read · 29 October 2009
