Qliance Medical Management Inc., an operator of insurance-free direct primary care clinics in Washington State, has raised $4 million in VC funding. Second Avenue Partners led the round, and was joined by New Atlantic Ventures and Clear Fir Partners. The company had previously raised $3.5 million.
5 min read · 07 July 2009
Relievant Medsystems Inc., a Redwood City, Calif.-based developer of medical devices to treat chronic back pain, has raised $20 million in Series C funding. Morgenthaler Ventures led the round, and was joined by Emergent Medical Partners and reutrn backers Canaan Partners and Onset Ventures. The company previously raised around $9 million.
3 min read · 07 July 2009
SouthWest NanoTechnologies Inc., a Normal, Okla.-based maker of single-wall carbon nanotubes and multiwall nanotubes, has raised up to $3 million in growth equity funding from Insight Technology Capital Partners.
2 min read · 07 July 2009
Somaxon Pharmaceuticals Inc. (Nasdaq: SOMX), a San Diego-based drug company focused on CNS disorders, has agreed to raise $6 million via a PIPE. Participants include existing shareholders like MPM Capital, Montreux Equity Partners, Scale Venture Partners, Prospect Venture Partners and Domain Associates. Tavistock Life Sciences is also involved.
4 min read · 07 July 2009
Viamet Pharmaceuticals Inc., a Morrisville, N.C.-based biotech company targeting metalloenzymes, has raised $18 million in Series B funding. Novartis Option Fund and Lilly Ventures co-led the round, and were joined by return backers Intersouth Partners, Hatteras Venture Partners, Lurie Investment Fund and Astellas Venture Management.
3 min read · 07 July 2009
Excel Venture Management has closed its debut fund with $125 million in capital commitments. The Boston-based firm focuses on early-to-late-stage life sciences platform and technology companies. It was formed following the 2007 split of CB Health Ventures, and represents most of that firm's Boston office (the New York office became Health Enterprise Partners).
3 min read · 07 July 2009
1 min read · 07 July 2009
Metaversum GmbH, a German maker of a virtual world called Twinity, has raised €4.5 million in new VC funding. BFB BeteiligungsFonds Brandenburg and KfW were joined by return backers Balderton Capital and Grazia Equity.
5 min read · 07 July 2009
1 min read · 06 July 2009
WHEB Venture Partners, a European VC firm focused on cleantech, has raised £90 million for its second fund, and plans to close on a total of £150 million by year-end.
6 min read · 06 July 2009
