Wimba Inc., a New York-based provider of collaborative education software, has raised $6 million in Series C funding led by ABS Ventures. The company previously raised around $13 million from firms like ABS, Ascend Venture Group, Gefinor Ventures and Tudor Ventures.
2 min read · 11 June 2009
Bayhill Therapeutics Inc. has signed a worldwide license agreement with Genentech Inc., for an antigen-specific immunotherapy currently in a phase I/II clinical trial in patients with type 1 diabetes. The deal includes a $25 million upfront payment in cash and stock, and could be worth up to $325 million. Bayhill had previously raised $62.75 million in VC funding, from firms like U.S. Venture Partners, Morgenthaler Ventures, De Novo Ventures, CMEA Ventures, Lilly Ventures, Latterell Venture Partners, Montreux Equity Partners, Pappas Ventures, Boston Life Science Venture Corp., Grand Cathay Venture Capital Co., PAC-LINK Bio Management Corp., Prudence Venture Investment and Vertical Group. It had planned to go public, but pulled the offering last summer.
4 min read · 11 June 2009
Savara Pharmaceuticals, an Austin, Texas-based developer of inhalation drug delivery solutions, has raised an undisclosed amount of Series A funding. A regulatory filing indicates that the company was raising $1.4 million. No investor information was disclosed.
2 min read · 10 June 2009
AlertMe.com, a UK-based provider of home energy saving systems, has raised £8 million in Series B funding. Backers include Good Energies, Index Ventures, SET Venture Partners and VantagePoint Venture Partners.
5 min read · 10 June 2009
Embrella Cardiovascular, a Malvern, Penn.-based developer of a device for preventing dangerous debris from entering the brain during cardiovascular procedures, has raised $5.1 million in Series B funding. BioStar Ventures led the round, and was joined by Edwards Lifesciences Corp. and return backer MedFocus Fund.
2 min read · 10 June 2009
Semprius Inc., a Durham, N.C.-based developer of printing technology for the manufacture of advanced semiconductor devices, has raised $6.4 million in Series B funding. In-Q-Tel and GVC Investment Fund were joined by return backers Arch Venture Partners, Applied Ventures, Illinois Ventures and Intersouth Partners.
2 min read · 10 June 2009
1 min read · 10 June 2009
AquaGenesis Inc., a San Francisco-based provider of water purification and conditioning for the residential and commercial markets, has raised an undisclosed amount of Series A funding led by Clean Pacific Ventures.
2 min read · 10 June 2009
Tendril Networks Inc., a Boulder, Colo.-based maker of wireless sensors and networks for improving energy efficiency, has raised $30 million in Series C funding. VantagePoint Venture Partners led the round, and was joined by Good Energies and existing shareholders RRE Ventures and Vista Ventures. Past backers Access Venture Partners and Appian Ventures were not noted in the company's press release.
4 min read · 10 June 2009
Continuity Engine Inc., a Monroe, Conn.-based provider of an SaaS operations and governance platform for community financial institutions has raised $1.5 million in seed funding. Backers include Connecticut Innovations, LaunchCapital, company management and undisclosed individual angels.
3 min read · 10 June 2009
