Plextronics Inc., a Pittsburgh-based developer of active-layer technology for printed electronic devices, has raised $12 million in new VC funding from existing shareholder The Solvay Group (NYSE Euronext: SOLB.BE). It previously raised around $44 million, from Solvay, Firelake Capital, Birchmere Ventures, Draper Triangle Ventures and Newlin Investment Company.
3 min read · 20 August 2009
Fortinet Inc., a Sunnyvale, Calif.-based network security provider, has acquired certain assets and IP of Woven Systems, a Santa Clara, Calif.-based developer of 10 gigabit Ethernet fabric solutions. No financial terms were disclosed. Fortinet is in registration for a $100 million IPO, and has raised around $83 million in VC funding since 2002, from firms like Redpoint Ventures (15.5%) and Meritech Capital Partners (10.9%), Acorn Campus Ventures, DCM, Defta Partners and WI Harper Group. Woven Systems raised $35 million from Mohr Davidow Ventures , Goldman Sachs and Palomar Ventures.
2 min read · 20 August 2009
29 Luxury Goods Inc., an Atlanta-based spa operator and provider of cosmetics and skin care products, has raised $1.4 million in VC funding led by Williams Venture Partners.
2 min read · 20 August 2009
Ubidyne, a provider of digital radio technology for the wireless industry, has raised $14.4 million in Series C funding. GIMV led the round, and was joined by return backers Baytech Venture Capital, Doughty Hanson and TVM Capital. Past backer Accel Partners was not mentioned in the press release, although Ubidyne is still listed as a portfolio company on the Accel website. Ubidyne has offices in Germany and Tempe, Arizona.
3 min read · 20 August 2009
Union Springs Pharmaceuticals, a Union, Ky.-based developer of germ defense products for first responders, has raised $5 million in additional Series A funding. Backers include Blue Chip Venture Co.
3 min read · 20 August 2009
Bayer CropScience has agreed to acquire Athenix Inc., a Research Triangle Park, N.C.-based developer of products and technologies for agricultural and industrial applications like biofuels. No financial terms were disclosed. Athenix has raised more than $40 million in VC funding, from firms like Hunt Ventures, Intersouth Partners and Polaris Venture Partners.
3 min read · 20 August 2009
Southwest Windpower Inc., a Flagstaff, Ariz.-based maker of residential-scale wind generators, has raised an undisclosed amount of fourth-round funding. PCG Clean Energy and Technology Fund was joined by return backers Altira, GE Energy Financial Services, NGP Energy Technology Partners and Rockport Capital Partners. Southwest Windpower previously raised around $28 million, including a $10 million infusion this past spring.
4 min read · 19 August 2009
3 min read · 19 August 2009
Cliff Monlux has been named president and managing board member of The University Funds, a new VC firm focused on commercializing academic research. Monlux previously was with Ramp Equity Partners.
3 min read · 19 August 2009
ClearAccess, a Vancouver, Wash.-based provider of broadband device management and data services, has raised $6 million in Series B funding. Blade Ventures and Buerk Dale Victor co-led the round, and were joined by return backer DFJ Frontier.
3 min read · 19 August 2009
