Ryan Sweeney has joined Accel Partners as a partner focused on growth equity investments. He previously was a principal with North Bridge Venture Partners and, before that, with Summit Partners.
1 min read · 06 July 2009
Tree.com (Nasdaq: TREE) has acquired certain assets of Done Right, a Pasadena, Calif.-based online directory service that provides home improvement professionals with lead generation and marketing services. No financial terms were disclosed. Done Right had raised around $5 million from August Capital and Mohr Davidow Ventures.
2 min read · 06 July 2009
Mike Volpi has joined Index Ventures as a partner in the firm's London office. He previously was CEO of online video company Joost, where he will continue to serve as chairman. Joost last week announced major layoffs and a business strategy shift. Joost is an Index portfolio company. Prior to Joost, Volpi oversaw Cisco's routing and service provider business.
2 min read · 06 July 2009
Pronota NV, a Belgium-based developer of protein biomarker diagnostics, has raised €4.9 million in the first close of its Series B round. VIB was joined by return backers LSP, Gimv, Biotech Fund Flanders, KBC Private Equity, Johnson & Johnson Development Corporation and Baekeland Fund.
4 min read · 06 July 2009
Medifacts International Inc., a Rockville, Md.-based cardiovascular core lab, has acquired the Clinical Trials Services unit of Spacelabs Healthcare Inc. No financial terms were disclosed. Medifacts has raised around $22 million from Ampersand Ventures and SV Life Sciences.
3 min read · 06 July 2009
Novacta Biosystems Ltd., a UK-based developer of antibiotics, has raised £13.1 million in new VC funding led by Celtic Pharma. The round is payable upon the achievement of certain milestones.
5 min read · 06 July 2009
SpineGuard, a developer of medical devices to improve the safety of spinal surgery, has raised $4 million in additional first-round funding from Delta Partners. The total round now stands at $11 million, including initial participation by Crédit Agricole Private Equity, Innoven Partenaires and A Plus Finance. SpineGuard has offices in Paris and San Francisco.
4 min read · 06 July 2009
InfoNow Corp., a Denver-based provider of SaaS-based channel data services, has raised $5 million in Series B funding. Vedanta Capital led the round, and was joined by return backers Sequel Venture Partners and Sevin Rosen Funds. InfoNow raised a $6 million Series A round in late 2007.
4 min read · 06 July 2009
Danoo, a digital location-based media network with interactive video screens in retail locations, has acquired IdeaCast, a provider of captive television advertising. No financial terms were disclosed. Minority shareholders in the combined company will include Danoo backer Kleiner Pekrins Caufield & Byers and previous IdeaCast owner National CineMedia LLC.
5 min read · 06 July 2009
4 min read · 06 July 2009
