Virtuos, a Beijing-based provider of videogame production services, has acquired Besides Sound Production, a Shanghai-based provider of audio production for videogames. No financial terms were disclosed. Virtuos is sponsored by Legend Capital.
3 min read · 18 March 2009
iSoftStone Information Service Corp., a Beijing-based provider of IT consulting and software services, has agreed to acquire both Shenzhen Sidaronghe Co. Ltd. and the services & outsourcing unit of MDCL-Frontline. No financial terms were disclosed for either transaction. iSoftStone has raised VC funding from AsiaVest Partners, Infotech Ventures, Mitsui & Co. and Fidelity Asia Ventures.
3 min read · 18 March 2009
Apture Inc., a San Mateo, Calif.-based company that lets online publishers enhance their multimedia offerings, has raised $4.1 million in Series A funding led by Clearstone Venture Partners.
3 min read · 18 March 2009
InstaMed, a Philadelphia–based provider of a healthcare payments network and platform, has raised $6 million in fourth-round funding. Osage Partners was joined by Ashby Point Capital and return backers like NJTC Venture Fund and U.S. Bank National Association.
4 min read · 18 March 2009
C Change Investments and Korea Investments & Securities Co. have been selected to manage Korea’s Green Growth Fund, which is expected to be launched in June with an initial $130 million commitment from the South Korean government and third-party investors. The fund will invest in companies and projects throughout the world.
3 min read · 18 March 2009
InflaRx, a Jena, Germany-based sepsis research hub, has raised an undisclosed amount of VC funding. Affentranger Associates led the round, and was joined by BM-T.
3 min read · 18 March 2009
ChaCha Search Inc., a Carmel, Ind.-based search startup, has raised $12 million in Series C funding. peHUB had previously reported that it had secured $11 million of a $30 million-targeted round, based on a regulatory filing. No new shareholders were disclosed. The company had previously raised around $14 million from Morton Meyerson, Bezos Expeditions, Rod Canion (founding CEO of Compaq) and Jack Gill (partner at Maven Ventures). It also had secured a $2 million grant from 21st Century Technology Fund. In related news, ChaCha said that it would "streamline and restructure itself to preserve cash." VentureWire reports that this means 25 of the company's 81 employees were let go.
3 min read · 18 March 2009
CorAssist Cardiovascular Ltd., an Israel-based developer of therapeutics devices for diastolic heart failure (DHF), has raised $5.25 million in new VC funding. Aurem Ventures MKI led the round, and was joined by Ofer Hi-Tech Group, Yozma Management, Evergreen Venture Partners and Argonaut Ventures. www.corassist.com
1 min read · 17 March 2009
Still River Systems Inc., a Littleton, Mass.-based provider of proton therapy solutions, has raised $33 million in new VC funding. Venrock led the round, and was joined by CHL Medical Partners and return backer Caxton Health and Life Sciences.
2 min read · 17 March 2009
1 min read · 17 March 2009
