DineWise Inc. (OTC BB: DWIS) has acquired Home Bistro Foods, a Plattsburgh, N.Y.-based direct-mail provider of chef-prepared gourmet meals. No financial terms were disclosed. Home Bistro had raised just under $7 million in VC funding, from firms like CEI Ventures, SJF Ventures and the New York Community Investment Company.
3 min read · 12 June 2009
Galil Medical Ltd., an Israeli maker of cryotherapy systems for use in kidney and prostate cancer treatments, has sued Endocare Inc. (Nasdaq: ENDO), to enforce a merger agreement between the two companies that was announced last November. EndoCare allegedly terminated the agreement, claiming difficulty in receiving regulatory approval from the FTC. Under terms of the proposed deal, EndoCare stockholders would hold 52% of the combined company, while Galil shareholders would hold the remaining 48 percent. Galil Medical has raised over $60 million in VC funding from firms like Thomas, McNerney & Partners, The Vertical Group and Elron Electronic Industries Ltd.
3 min read · 12 June 2009
Alios BioPharma Inc., a South San Francisco-based drug startup, has closed its Series A round with a total of $32 million. This includes a first close from last December, from firms like Novo AS, Novartis BioVentures and Roche Finance Ltd. The second close came from SR One Ltd., the corporate venture arm of GlaxoSmithKline. The company says that it plans to “treat diseases in virology by activating pathways in the innate immune system.”
2 min read · 12 June 2009
1 min read · 12 June 2009
Daniel von Preyss has joined Impax Asset Management as a managing director of private equity for a fund focused on renewable power generation. He previously ran Babcock & Brown’s Northern European infrastructure activities.
3 min read · 11 June 2009
DTT Surveillance Inc., a Los Angeles-based provider of digital surveillance solutions for the quick service restaurant industry, has raised $7 million in growth equity funding. Post Capital Partners led the round, and was joined by Gemini Investors.
3 min read · 11 June 2009
1 min read · 11 June 2009
Answers Corp. (Nasdaq: ANSW) said that Redpoint Ventures exercised a $7 million second tranche warrant, issued by the company in conjunction with a $13 million financing last summer. The move
3 min read · 11 June 2009
Echo Global Logistics Inc., a Chicago-based business process outsourcing company focused on transportation and logistics, has acquired Raytrans Distribution Services Inc., a transportation brokerage firm based in Matteson, Illinois. No financial terms were disclosed. Echo Logistics is in registration for a $100 million IPO, and had raised a $17.4 million venture round in 2006 led by New Enterprise Associates (15.4% pre-IPO ownership stake).
2 min read · 11 June 2009
ev3 Inc. (Nasdaq:EVVV) has agreed to acquire Chestnut Medical Technologies Inc., a Menlo Park, Calif.-based developer of minimally-invasive therapies for interventional neuroradiology. The deal is valued at $75 million, of which between 30%-40% will be paid in cash. Chestnut Medical has raised over $9 million in VC funding since 2007, from firms like Synergy Partners, JAIC, Veron International and ITX International Holdings.
5 min read · 11 June 2009
