nContact Surgical Inc., a Morrisville, N.C.-based developer of tissue coagulation devices for use in surgical procedures, has secured nearly $5 million of a $15 million round of VC funding, according to a regulatory filing. Listed shareholders include return backers Finistere Partners, Intersouth Partners, Massey Burch Capital and Harbert Venture Partners. The company previously raised around $24 million over three funding rounds. www.ncontact.us
1 min read · 20 April 2009
Health Market Science, a King of Prussia, Penn.-based provider of healthcare data and analytics, has raised $5.6 million in new VC funding. Return backer Edison Venture Fund led the round with a $2.9 million investment.
3 min read · 20 April 2009
Bridget Rauvola has joined Morgenthaler as a partner in charge of investor relations. She had spent the past 16 years with Frazier Healthcare Ventures as senior vice president of marketing and investor relations. She is based in Boulder, Colorado.
1 min read · 20 April 2009
Lavante (f.k.a. AuditSolutions), a San Jose, Calif.-based provider of recovery audit solutions, has raised $5 million in Series B funding. Return backers include ATA Ventures and Venrock. The company has now raised $10 million.
5 min read · 20 April 2009
Meru Networks Inc., a Sunnyvale, Calif.-based WiFi company, has raised $30 million in fifth-round funding. Vision Capital Advisors led the round, and was joined by return backers Clearstone Venture Partners, NeoCarta Ventures, BlueStream Ventures, The D. E. Shaw Group, Evercore Partners, Tenaya Capital and Monitor Ventures. The company has now raised over $110 million in total VC funding since its 2002 inception.
3 min read · 20 April 2009
BlueStripe Software, a Morrisville, N.C.-based provider of application service management solutions for IT infrastructure, has raised $8 million in Series B funding. Valhalla Partners led the round, and was joined by return backer Trinity Ventures.
4 min read · 20 April 2009
Glycos Biotechnologies Inc., a Houston-based bioprocessing company that uses carbon sources to produce chemicals, has raised $5 million in Series A funding from Draper Fisher Jurvetson and DFJ Mercury.
3 min read · 20 April 2009
2 min read · 18 April 2009
Calient Networks Inc., a San Jose, Calif.-based provider of carrier-class automated fiber management systems, has held a $5 million first close on its Series C round, led by return backer TeleSoft Partners.
2 min read · 17 April 2009
Luxim Corp., a Sunnyvale, Calif.-based developer of energy-efficient lighting technologies, has raised $12 million in fifth-round funding. Return backers include Sequoia Capital, Crosslink Capital, DAG Ventures and Worldview Technology Partners. As part of the deal, Sequioia's Mike Moritz will join the board as chairman (the former Sequoia rep was Pierre Lamond). Luxim has now raised around $73 million in total VC funding.
2 min read · 17 April 2009
