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VCJ Staff

Lilly Ventures Spins Out from Eli Lilly

1 min read · 03 August 2009

PanGeo Subsea Raises $11 Million

PanGeo Subsea, a Newfoundland-based developer of acoustic imaging technology for the energy sector, has raised $11 million in new VC funding. Lime Rock Partners and CTTV Investments co-led the round.

4 min read · 03 August 2009

iPhone App Maker Apperian Raises $1 Million

Apperian, a Boston-based developer of iPhone apps for large enterprises, has raised $1 million in Series A funding led by CommonAngels.

2 min read · 31 July 2009

Pelican Imaging Raises $7 Million

1 min read · 31 July 2009

First Round Backs DNAnexus

1 min read · 31 July 2009

iLoop Mobile Raising $4 Million

1 min read · 31 July 2009

Acrobot Raises Insider Round

Acrobot, a UK-based developer of medical devices for computer-assisted orthopaedic surgery, has raised an undisclosed amount of new VC funding from return backers the London Technology Fund, Imperial Innovations Group plc and PUK Ventures. The firm have now invested a total of more than £3 million.

2 min read · 31 July 2009

Indian Online Classifieds Co. QuikR Raises $4 Million

1 min read · 31 July 2009

VCs To Participate in Micromet PIPE

Micromet Inc. (Nasdaq: MITI), a -based developer of therapeutic antibodies, has filed to sell $70 million worth of common shares in a PIPE offering. VentureWire reports that Abingworth Management and SV Life Sciences, past venture backers of Micromet, will purchase some of the shares.

3 min read · 31 July 2009

McAfee Buying MX Logic for $170 Million

McAfee Inc. (NYSE: MFE) has agreed to acquire MX Logic Inc., a cloud-based email and Web security and email archiving and continuity services. The deal is valued at up to $170 million in cash, including a $140 payment at closing, and up to $30 million in earn-outs. Englewood, Colo.-based MX Logic has raised around $34 million in VC funding, from firms like Adams Street Partners, Axiom Venture Partners, Grayhawk Capital, River Cities Capital Funds, UV Partners and Vista Ventures. A Series D round back in 2004 valued the company just short of $25 million.

4 min read · 31 July 2009

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