1 min read · 27 February 2009
Atrua Technologies Inc., a Campbell, Calif.-based provider of intelligent touch controls for mobile devices, has raised an undisclosed amount of fifth round funding. Return backer BlueRun Ventures led the round, and was joined by DKP Group. The company previously raised around $33 million, from BlueRun, Ericsson Venture Partners, Neocarta Ventures, Osprey Ventures, Hua Hong Group (China) and Mosen Company Ltd. (South Korea).
3 min read · 27 February 2009
ChanTest, a Cleveland-based provider of ion channel testing services and validated cell lines, has acquired Applied Cell Sciences, a Rockville, Md.-based contract research organization specializing in G-protein coupled receptors. No financial terms were disclosed. ChanTest has raised VC funding from Ampersand Ventures.
5 min read · 27 February 2009
Environmental Operations Inc., a St. Louis-based provider of environmental services, has raised $5.85 million in venture funding from Advantage Capital Partners. www.environmentalops.com
1 min read · 27 February 2009
Cypress Bioscience Inc. (Nasdaq: CYPB) has acquired the technology platform of Cellatope Inc., which uses cell-bound complement activation products to diagnose and monitor severe autoimmune disorders. The deal includes a $2 million up-front cash payment, plus up to $3 million in milestone-based payments. Pittsburgh-based Cellatope raised a $1.6 million venture recap round in early 2007, from BioAdvance Ventures (managed by Quaker BioVentures), University City Science Center, BlueTree Capital Partners, Meyer Ventures Investments and Innovation Works Inc.
3 min read · 27 February 2009
1 min read · 27 February 2009
The Receivables Exchange, a New Orleans-based online marketplace for real-time trading of accounts receivable, has raised $7.75 million in Series B funding. Redpoint Ventures led the round, and was joined by return backer Prism Ventureworks.
3 min read · 27 February 2009
Hyper9 Inc., an Austin, Texas-based provider of management information for virtual infrastructures, has raised $8 million in Series B funding. Venrock led the round, and was joined by return backers Matrix Partners, Silverton Partners and Maples Investments.
2 min read · 26 February 2009
Matt Horton has been named CEO of Propel Fuels, owner and operator of a network of biofuel dispensing locations. Horton is a principal with Propel investor @Ventures, and will continue on in that role.
3 min read · 26 February 2009
Michael Lytton has left Oxford Bioscience Partners, where he had been a general partner since 2001. He will become executive vice president of business and corporate development with Biogen Idec (Nasdaq: BIIB). All of his Oxford-related board seats have been reassigned.
2 min read · 26 February 2009
