Supernus Pharmaceuticals Inc., a Rockville, Md.-based developer of CNS products, has raised around $35 million in its second non-dilutive financing round. Last April, it had announced a $75 million transaction secured by royalties generated from partnered products using Supernus technologies. The company in 2006 raised $45 million in venture capital from firms like Abingworth Management, New Enterprise Associates and OrbiMed Advisors.
2 min read · 30 July 2009
1 min read · 30 July 2009
Grid Net, a San Francisco-based provider of network management software and communications products for the utility industry's smart grid, has raised an undisclosed amount of Series C funding. A regulatory filing from last month said that the company had secured $13.8 million of an $18 million offering. Braemar Energy Ventures led the round, and was joined by return backers Catamount Ventures, GE Energy Financial Services and Intel Capital.
4 min read · 30 July 2009
Convey Computer Corp., a Richardson, Texas-based maker of applications to improve performance of microprocessor servers, has raised $24.15 million in Series B funding. Braemar Energy Ventures was joined by return backers CenterPoint Ventures, Intel Capital, InterWest Partners, Rho Ventures and Xilinx. The company previously raised nearly $16 million.
4 min read · 30 July 2009
Skyline Ventures has promoted Glenn Reicin to the position of managing director. He had been a venture partner with the firm since last October and, before that, covered medical devices and supplies as a managing director in Morgan Stanley's research department.
3 min read · 30 July 2009
Cross MediaWorks, a Scottsdale, Ariz.-based multi-platform media company, has raised $17 million in new private funding. BIA Digital Partners invested $13 million, and was joined by Spring Capital Partners.
3 min read · 29 July 2009
CPower, a New York-based company that helps corporate clients reduce energy usage and earn market payments for those reductions, has raised an undisclosed amount of new funding from Intel Capital, via Intel's Open Energy Initiative. The deal is an extension of CPower's $10.68 million in Series B round, from Mayfield Fund, Bessemer Venture Partners, Expansion Capital Partners, Schneider Electric Ventures, New York City Investment Fund and Consensus Business Group.
3 min read · 29 July 2009
Telesphere, a Phoenix-based-based business phone and Internet services provider, has agreed to acquire Unity Business Networks, a provider of IP services in the Denver, Portland, Ore. and Minneapolis/St. Paul markets. No financial terms were disclosed. Telesphere has raised around $25 million in VC funding from firms like Rally Capital, Hawkeye Investments and Greenspun Corporation.
3 min read · 29 July 2009
Alcatel-Lucent (NYSE: ALU) has acquired Velocix, a UK-based provider of content delivery infrastructure and services. No financial terms were disclosed. Velocix had raised around $36 million in VC funding, from firms like 3i Group, Amadeus Capital Partners, Penta Capital and Gateway Global.
3 min read · 29 July 2009
Extreme Reach Inc., a Needham, Mass.-based provider of a video advertising management platform, has raised an undisclosed amount of new VC funding. Return backers include Village Ventures, Greycroft Partners and Long River Ventures. The company had previously raised $3.1 million.
3 min read · 29 July 2009
