Wonga.com, a UK-based online provider of short-term cash advances, has raised $22.5 million in second-round funding. Accel Partners and Greylock Partners were joined by return backer Balderton Capital. The company had previously raised $6 million.
5 min read · 08 June 2009
UQ Communications, a Japanese provider of WiMAX services in Japan, has raised $43 million from Intel Capital.
2 min read · 08 June 2009
2 min read · 08 June 2009
2 min read · 08 June 2009
1 min read · 05 June 2009
Chris Farmer has left Bessemer Venture Partners, where he had been a vice president focused on digital media and wireless companies. His board seats included Access 360 Media, Cecure Gaming and GoTV Media. No word yet on his future plans. www.bvp.com
1 min read · 05 June 2009
Cycle Capital Management of Canada has held an $80 million first close on its inaugural fund, which will focus on VC opportunities in the cleantech and renewable energy sectors. Limited partners include Investissement Québec, the Fonds de solidarité FTQ, Fondaction, the Caisse de dépôt et de placement du Québec, Brookfield Renewable Power Inc., Cascades Inc., the Fonds d’action québécois pour le développement durable (FAQDD) and the Centrale des syndicats du Québec (CSQ).
4 min read · 05 June 2009
Transcend Medical Inc., a Menlo Park, Calif.-based developer of medical devices to treat glaucoma, has raised $35 million in Series B funding, according to VentureWire. A May 27 regulatory filing reports that the company had called down $20 million of a $40 million round. HLM Venture Partners led the round, and was joined by Canaan Partners, Latterell Venture Partners, Technology Partners and return backers Morgenthaler Ventures and Split Rock Partners. www.transcendmedical.com
1 min read · 05 June 2009
Xanodyne Pharmaceuticals Inc., a Florence, Ky.-based drug company, has raised $38 million in new VC funding led by MPM Capital. Return backers include AIG Investments, Aisling Capital, Blue Chip Venture Co., Essex Woodlands Health Ventures, HealthCare Ventures and Union Springs. The company previously raised around $232 million in total VC funding, including a $170 million Series A-1 round in 2005 that helped finance the $210 million acquisition of aaiPharma's pharmaceutical division out of bankruptcy. Last October, it canceled a proposed $86.25 million IPO due to “market conditions.”
2 min read · 04 June 2009
Research in Motion has acquired Dash Navigation Inc., a Mountain View, Calif.-based provider of Internet-connected automotive GPS devices. No financial terms were disclosed. Dash had raised around $70 million in VC funding since 2005, from firms like Crescendo Ventures, Kleiner Perkins Caufield & Byers, Sequoia Capital, Skymoon Ventures and ZenShin Capital Partners. www.dash.net
1 min read · 04 June 2009
