Proteon Therapeutics, a Waltham, Mass.-based drug developer based in vascular and kidney disease, has raised $38 million in Series B funding. MPM Capital led the round, and was joined by Vectis Healthcare & Life Sciences Fund and return backers TVM Capital, Skyline Ventures, Prism VentureWorks and Intersouth Partners. It had previously raised $12 million. In other Proteon news, the company has signed an acquisition option with Novartis, which is based on regulatory approvals and is valued at around $550 million.
3 min read · 06 March 2009
TongXue.com, a Chinese social networking site, has raised $6 million in VC funding. Backers include Tano Capital.
2 min read · 06 March 2009
1 min read · 06 March 2009
GlycoVaxyn, a Swiss developer of conjugated vaccines, has raised CHF 25 million ($22m) in Series B funding. Edmond de Rothschild Investment Partners led the round, and was joined by return backers Index Ventures and Sofinnova Partners.
2 min read · 05 March 2009
AltoBeam Technology Co. Ltd., a Beijing-based designer of digital television chipsets, has raised $8 million in VC funding. Backers include Tano Capital, Draper Fisher Jurvetson, DFJ Dragon Fund and PYJ-Dynasty Venture Fund.
1 min read · 05 March 2009
Networks in Motion Inc., an Alisa Viejo, Calif.-based provider of wireless navigation solutions for GPS-enabled mobile phones, has acquired TrafficGauge, a Seattle-based provider of real-time traffic information. Networks in Motion has raised VC funding from Sutter Hill Ventures, Redpoint Ventures and Mission Ventures. TrafficGague was backed by Kirlan Venture Capital.
2 min read · 05 March 2009
Baxa Corp. has acquired ForHealth Technologies Inc., a Daytona Beach, Fla.-based developer of automation systems for hospital pharmacies. No financial terms were disclosed. ForHealth had raised VC funding from firms like New Enterprise Associates, National Healthcare Services, Red River Ventures and Chisholm Private Capital.
3 min read · 05 March 2009
SendMe Inc., a San Francisco-based developer of mobile entertainment applications, has raised $12 million in Series D funding. Triangle Peak Partners led the round, and was joined by return backers True Ventures, Amicus Capital, Spark Capital, and GrandBanks Capital. The company previously raised $21 million.
4 min read · 05 March 2009
ComAbility, an Israel-based provider of subscriber management software for communications service providers, has raised $4 million in new VC funding from return backers Stata Ventures and Vertex Venture Capital. It had previously raised $6 million.
2 min read · 05 March 2009
Vidyo Inc., a Hackensack, N.J.-based provider of high-def video conferencing over the Internet, has raised $15 million in Series C funding. Menlo Ventures led the round, and was joined by return backers Rho Ventures, Star Ventures and Sevin Rosen Funds. The company previously raised $20.8 million.
3 min read · 05 March 2009
