Western Digital Corp. (NYSE: WDC) has agreed to acquire SiliconSystems Inc., an Aliso Viejo, Calif.-based provider of solid-state drives for the embedded systems market. The deal is valued at $65 million in cash. SiliconSystems had raised around $14.5 million in VC funding, from firms like Miramar Venture Partners, Rustic Canyon Partners, Samsung Ventures, Shepherd Ventures and Sandisk Corp.
3 min read · 30 March 2009
Livescribe Inc., an Oakland-based developer of a pen with an onboard computer, has raised $7.5 million in additional Series D funding from Aeris Capital. It had previously held an $11.1 million first close, from Lionhart Investments Ltd. and VantagePoint Venture Partners. Livescribe has now raised over $53 million in total funding, from Aeris, Lionhart, VantagePoint, Blueprint Ventures, Greenhouse Capital Partners and several family offices.
4 min read · 30 March 2009
1 min read · 30 March 2009
BioVex Inc., a Woburn, Mass.-based drug company whose lead candidate is designed to help treat advanced melanoma, has raised $40 million in a first close of its Series F round. Forbion Capital Partners led the round, and was joined by return backers including Credit Agricole Private Equity, Harris & Harris Group, Innoven Partners, New Science Ventures, Triathlon Medical Venture Partners and Scottish Equity Partners. The company previously raised around $110 million.
3 min read · 30 March 2009
LoopNet Inc. (Nasdaq: LOOP) has agreed to sell $50 million in convertible preferred stock to Calera Capital and existing backers Trinity Ventures and Rustic Canyon Partners. The securities would be convertible into LoopNet common stock at $6.72 per share, or a 10% premium to Friday’s closing price. LoopNet is a San Francisco–based online marketplace for commercial real estate and businesses for sale in the United States.
4 min read · 30 March 2009
Novira Therapeutics Inc., a Philadelphia-based developer of antiviral therapeutics, has raised $550,000 in seed funding from BioAdvance.
3 min read · 30 March 2009
Essex Woodlands Health Ventures has closed its eighth fund with $900 million in capital commitments. It will focus on growth equity investments in life sciences companies, across North America, Europe and Asia.
2 min read · 30 March 2009
InStream Media Inc., a Waltham, Mass.-based provider of targeted marketing programs delivered through brick and mortar retailers at the point of sale, has raised an undisclosed amount of Series A funding. CommonAngels and Stage 1 Ventures co-led the round, and were joined by individual angels.
2 min read · 30 March 2009
Charles River Ventures has closed its fourteenth fund with $320 million in capital commitments. peHUB had previously reported that the fund was closing, but we were a bit low at $300 million.
3 min read · 30 March 2009
Pliant Technology, a Milpitas, Calif.-based developer of solid-state drive storage devices for enterprise computing, has raised $15 million in Series C funding. Menlo Ventures led the round, and was joined by return backers Arcturus Capital, Divergent Ventures and Lightspeed Venture Partners. It had previously raised $12.4 million.
3 min read · 30 March 2009
