Ngmoco, a San Francisco-based publisher of iPhone and iPod touch games, has raised $10 million in Series B funding. Norwest Venture Partners led the round, and was joined by return backers Maples Investments and Kleiner Perkins Caufield & Byers. Ngmoco had previously raised $5.6 million.
4 min read · 23 March 2009
Sencera, a Charlotte, N.C.-based maker of thin-film photovoltaic modules, has raised $15.6 million in funding led by Quercus Trust.
2 min read · 23 March 2009
StrikeIron, a Cary, N.C.-based provider of solutions for delivering data-as-a-service over the Web, has raised $5.5 million in Series D funding. No investor information was disclosed, but the company previously raised around $9.3 million from firms like Ascent Venture Partners, The Aurora Funds and NC IDEA.
2 min read · 23 March 2009
5AM Ventures has held a $119.25 million close on its third fund, according to a regulatory filing. The Menlo Park, Calif.-based firm focuses on life sciences opportunities, and is believed to be targeting at least $150 million – which was the size of its second fund. www.5amventures.com
1 min read · 23 March 2009
SmartReply Inc., an Irvine, Calif.-based email and telephone marketing company, has agreed to acquire mSnap Inc., a San Francisco-based provider of interactive mobile advertising solutions. No financial terms were disclosed, except that mSnap shareholders will receive a minority stake in SmartReply. mSnap had raised around $6 million from First Round Capital and Partech International, and was represented on the sale process by The Jordan, Edmiston Group. www.msnap.com
1 min read · 23 March 2009
Merck Serono, a division of Merck KGaA, has formed a corporate venture capital group that will invest in biotech startups. Named Merck Serono Ventures, the effort is initially capitalized with €40 million. Areas of particular interest include neurodegenerative diseases, oncology, autoimmune diseases and inflammatory diseases.
3 min read · 23 March 2009
Industry Ventures, a San Francisco-based secondaries firm, has closed its fifth fund with $265 million in capital commitments.
2 min read · 23 March 2009
1 min read · 22 March 2009
1 min read · 20 March 2009
Paratek Microwave Inc., a Columbia, Md.-based provider of adaptive RF front-end component solutions for mobile wireless applications, has acquired the barium strontium titanate (BST) technology group of Gennum Corp. (TSX: GND). No financial terms were disclosed. Paratek has raised over $118 million in VC funding since 1999, from firms like Polaris Venture Partners, Novak Biddle Venture Partners, Morgenthaler, Investor AB, STMicroelectronics and ABS Ventures.
3 min read · 20 March 2009
