Private Equity
Inhibitex Inc. (Nasdaq: INHX), an Alpharetta, Ga.-based, has agreed to sell approximately $23 million in common stock and warrants. QVT is leading the PIPE, and is being joined by existing shareholders like OrbiMed Advisors, New Enterprise Associates and Great Point Partners.
3 min read · 25 October 2009
Keraderm Corp., a Blacksburg, Va.-based developer of phototherapy technology to treat nail and skin infections, has raised $2.5 million in Series A funding from NewVa Capital Partners.
3 min read · 25 October 2009
2 min read · 23 October 2009
cVidya Networks, a Tel Aviv, Israel-based provider of telecom data integrity revenue assurance and dealer management systems, has agreed to acquire ECtel Ltd. (Nasdaq: ECTX), a Rosh Ha’ayin-based provider of provider of integrated revenue management solutions for communications service providers. The deal is valued at just under $21 million in cash. cVidya has raised around $22 million in VC funding, from firms like Battery Ventures, Carmel Ventures, Hyperion, Stage One and Star Ventures.
4 min read · 23 October 2009
MEMC Electronic Materials Inc. (NYSE: WFR) has agreed to acquire SunEdison LLC, a Beltsville, Md.-based solar energy services provider. The deal is valued at $200 million, which would be paid 70% in cash and 30% in MEMC stock. SunEdison has raised over $140 million in private equity funding, plus more than $30 million in debt financing. Backers include Greylock Partners, HSH Nordbank AG, Applied Ventures, Black River Commodity Clean Energy Investment Fund, MissionPoint Capital Partner and Allco Renewable Energy Ltd.
4 min read · 23 October 2009
Ensphere Solutions, a Santa Clara, Calif.-based maker of semiconductor products for various optical interfaces, has raised $4 million from Egyptian venture capital fund Ideavelopers.
3 min read · 23 October 2009
2 min read · 22 October 2009
4 min read · 22 October 2009
Centice Corp., a Morrisville, N.C.-based developer of a pharmaceutical authentication sensor system, has raised $6.1 million in Series C funding. Fulcrum Financial Group was joined by return backers The Aurora Funds, S-Group Direct Investments Ltd. and Innovation Ventures. Centice previously raised around $18 million.
3 min read · 22 October 2009
Michael Wolfe has rejoined Benchmark Capital as an entrepreneur-in-residence. His last Benchmark-backed company was Vontu, which was acquired by Symantec in 2007.
2 min read · 22 October 2009
