Joule Biotechnologies Inc., a Cambridge, Mass.-based startup backed by Flagship Ventures, came out of stealth mode today. The company said that its technology can use sunlight to directly convert carbon dioxide into a a proprietary liquid energy. No details of the Flagship investment were disclosed.
3 min read · 27 July 2009
Cardiorobotics Inc., a Pittsburgh-based developer of snake robot technologies for surgical and interventional applications, has raised $11.6 million in Series A funding. Eagle Ventures led the round, and was joined by the Pittsburgh Life Sciences Greenhouse and the Slater Technology Fund.
4 min read · 27 July 2009
Rayspan Corp., a San Diego-based developer of metamaterial air interface solutions for wireless communications, has raised $12.5 million in Series B funding. Khosla Ventures led the round, and was joined by return backer Sequoia Capital.
2 min read · 27 July 2009
Avila Therapeutics Inc., a Waltham, Mass.-based covalent drug development company, has raised $30 million in Series B funding. The Novartis Option Fund led the round, and was joined by return backers Abingworth Management, Advent Venture Partners, Atlas Venture and Polaris Venture Partners. In related news, Avila has signed an option agreement with Novartis that could be worth a total of $200 million.
4 min read · 27 July 2009
U.S. Venture Partners has promoted Ted Maidenberg to the position of principal. Maidenberg joined USVP in 2006, with a focus on business- and consumer-facing software and services. He currently sits on the boards of Media6Degrees and Savings.com.
2 min read · 27 July 2009
Blue Spark Technologies Inc., a Cleveland-based maker of thin, flexible, green-printed industrial batteries, has held a first close on a Series B funding round targeted at $5 million. Return backers include Early Stage Partners and SunBridge Partners.
4 min read · 27 July 2009
2 min read · 27 July 2009
1 min read · 26 July 2009
Scott Sillers has joined Levensohn Venture Partners as a general partner focused on fundraising, investor relations and operational administration. He previously was a vice president with Chicago-basedMelvin Securities.
2 min read · 24 July 2009
Matrix Partners today announced that it has closed two new funds, totaling $600 million. This includes a $450 million ninth VC fund, and a $150 million "special opportunities" fund. peHUB reported on both earlier this week.
2 min read · 24 July 2009
