Dynogen Pharmaceuticals Inc., a Waltham, Mass.-based drug company focused on gastrointestinal and genitourinary disorders, has filed to liquidate under Chapter 7 bankruptcy protection. It listed liabilities of $10.6 million, and assets of less than 20,000. The company last year scrapped plans to go public via a reverse merger with a SPAC called Apex Bioventures Acquisition Corp., and said it would seek out new funding. As of that time, Dynogen had raised around $67 million from firms like Atlas Venture, HealthCare Ventures, Oxford Bioscience Partners, Abingworth Management, Medica Venture Partners and Pappas Ventures. www.dynogen.com
1 min read · 25 February 2009
Topaz Bridge Corp., a Bellevue, Wash.-based provider of a software application that integrates SAP software with Microsoft SharePoint, has raised $2 million in the first tranche of its Series B round. No investor information was disclosed. The company plans to raise up to $10 million.
2 min read · 25 February 2009
Apparent Networks Inc., a Wellesley, Mass.–based provider of IT performance management solutions, announced that it has raised $12 million in Series C funding. Egan-Managed Capital led the round, and was joined by return backers Bain Capital Ventures, JMI Equity and Business Development Bank of Canada. The round closed last November, and brings Apparent’s total venture capitalization up to around $36 million.
3 min read · 25 February 2009
Appirio, a San Mateo, Calif.-based provider of products and services that help businesses accelerate adoption of on-demand solutions, has raised $10 million in Series C funding from GGV Capital and return backer Sequoia Capital. Appirio raised a $5.6 million Series B round last year led by Sequoia Capital, and before that raised $1.1 million from Salesforce.com and individual angels.
4 min read · 25 February 2009
Ocarina Networks, a San Jose, Calif.-based developer of online storage optimization solutions, has raised $20 million in Series B funding. Jafco Ventures led the round, and was joined by return backers Kleiner Perkins Caufield & Byers and Highland Capital Partners. The company previously raised $11.3 million.
3 min read · 25 February 2009
CSG Openline has acquired BlueRoads Corp., a San Mateo, Calif.-based provider of partner opportunity management solutions. No financial terms were disclosed. BlueRoads had raised around $31 million in VC funding from firms like ArrowPath Venture Capital, Cardinal Venture Capital, El Dorado Ventures and ZenShin Capital.
2 min read · 25 February 2009
SchoolNet Inc., a New York-based developer of instructional management software for K12 school districts, has merged with CampusWare, a San Antonio, Texas-based provider of a Web-based and standards-aligned district grade book. No financial terms were disclosed. SchoolNet has raised around $41 million in VC funding from The Carlyle Group, Ascend Ventures, Hamilton Lane and the New York State Common Retirement Fund.
3 min read · 25 February 2009
Aster Data Systems, a Redwood City, Calif.-based provider of analytic databases for frontline data warehousing, has $5 million in additional Series B funding from Institutional Venture Partners. This brings the round total to $17 million, following a first tranche from Jafco Ventures, Sequoia Capital, Cambrian Ventures and First Round Capital. The company had previously raised $10 million.
3 min read · 25 February 2009
Selecta Biosciences Inc., a Watertown, Mass.-based biopharma company focused on the development of immunomodulatory nanoparticles, has raised $15.1 million in Series B funding. Return backers Polaris Venture Partners and Flagship Ventures were joined by NanoDimension and Timothy Springer. The company previously raised $2.3 million.
4 min read · 25 February 2009
Aveksa Inc., a Waltham, Mass.-based provider of enterprise access governance solutions, has raised $10 million in Series C funding. FTV Capital led the round, and was joined by fellow return backers FirstMark Capital and Charles River Ventures. Aveksa had previously raised around $20 million.
4 min read · 25 February 2009
