Sanovia Corp., a Philadelphia-based provider of technology and services to assist managed care organizations in managing their pharma costs, has raised $8 million in Series C funding. Chrysalis Ventures led the round, and was joined by return backers HLM Venture Partners and Claritas Capital. The company has now raised $16 million in total VC funding.
5 min read · 05 May 2009
John Brooks, a co-founder of Prism VentureWorks, has joined life sciences I-bank Johnston Blakely & Co. as a senior advisor.
2 min read · 05 May 2009
Gist Inc., a Seattle-based provider of an online service that combines the implicit web with email, has raised $6.75 million in Series A funding. Foundry Group led the round, and was joined by return backer Vulcan Capital.
7 min read · 05 May 2009
Constellation Ventures, a former affiliate of Bear Stearns Asset Management, has become part of Highbridge Capital Management's principal investment effort. It also has closed a new fund, and renamed itself Constellation Growth Capital. The firm will continue to be led by Clifford Friedman.
3 min read · 05 May 2009
Dune Networks, a Sunnyvale, Calif.-based maker of networking devices, has raised $8.3 million in additional Series B funding, bringing the round total to $20.3 million. Evergreen Venture Partners led the new tranche, and was joined by return backers U.S. Venture Partners, Alta Berkeley Ventures, Aurum Ventures, Jerusalem Venture Partners, Pitango Venture Capital and undisclosed strategic investors.
2 min read · 04 May 2009
Onestop Internet, a Los Angeles-based e-commerce technology and distribution partner, has raised $13.3 million in Series A funding from Bessemer Venture Partners.
2 min read · 04 May 2009
SpringSource, a San Mateo, Calif.-based provider of an enterprise Java application server, has acquired Hyperic, a provider of monitoring and management software for Web applications. No financial terms were disclosed. SpringSource has raised over $15 million in VC funding from Benchmark Capital and Accel Partners. Hyperic had raised just under $10 million, from the same two firms. www.springsource.com
1 min read · 04 May 2009
SDCmaterials Inc., a Tempe, Ariz.-based maker of catalysts and additives, has raised $14 million in Series B funding. Invus Financial Advisors led the round, and was joined by Emerald Technology Ventures, BASF Venture Capital and individual angels.
3 min read · 04 May 2009
Acme Packet Inc. (Nasdaq: APKT) has acquired Convergence Inc., a Maynard, Mass.-based provider of IP communications security. The deal was valued at $22.8 million, including $22.2 million of Acme Packet common stock. Convergence had raised over $45 million in VC funding from firms like Highland Capital Partners, Globespan Capital Partners and North Bridge Venture Partners.
3 min read · 04 May 2009
Thomas Klein has joined the Silicon Valley office of law firm Greenberg Traurig LLP, as a shareholder in the law firm's corporate and securities practice. He will focus on startup and VC transactions, M&A and public company representation. Klein previously was with Wilson Sonsini Goodrich & Rosati.
3 min read · 04 May 2009
