AdMob, a San Mateo, Calif.-based mobile advertising marketplace, has raised $12.5 million in additional Serires C funding. The firm had closed on an initial $15.7 million last fall, for a round total of $28.2 million. The new money was provided by DFJ Growth Fund and Northgate Capital, while the initial tranche was sponsored by Sequoia Capital’s Growth Fund and Accel Partners. It has now raised $46.8 million in overall venture capital. Read more at the AdMob blog.
1 min read · 29 January 2009
Brody Stout has been named chief operating officer of CitizenHawk Inc., an Aliso Viejo, Calif.-based provider of technology that helps protect brands from cyber-squatters. He previously was a senior associate with CitizenHawk investor Maveron.
2 min read · 29 January 2009
Live Cargo Inc. has acquired CMWare Inc., a Plainsboro, N.J.-based provider of mobile marketing technology. No pricing terms of the equity and cash sale were disclosed. Progress Partners managed the process for CMWare, which had raised an undisclosed amount of VC funding from Updata Partners.
3 min read · 29 January 2009
Helsinn, a Swiss pharma group, has acquired Sapphire Therapeutics Inc., a Bridgewater, N.J.-based developer of drugs for a variety of cancer, gastrointestinal and metabolic conditions. No financial terms were disclosed, although VentureWire reports an up-front cash payment of approximately $45 million. The deal also is believed to include earn-outs. Sapphire had raised nearly $50 million in VC funding since 2001, from firms like BCM Technologies, Burrill & Co., BankInvest, Boston Millennia Partners, Cogene Ventures, Prospect Venture Partners, Novo AS and SV Life Sciences.
3 min read · 29 January 2009
Garnet Biotherapeutics has raised $10.4 million in Series A funding. SCP Vitalife Partners led the round, and was joined by Safeguard Scientifics and Alliance Technology Ventures. The Malvern, Penn.-based company regenerative medicine company is focused on acclerating the healing and reducing the scarring associated with surgical procedures and other dermatologic conditions.
4 min read · 29 January 2009
Sittercity.com, a Chicago-based online care-giving network, has raised $7.5 million in new VC funding. Point Judith Capital and Apex Venture Partners co-led the round, and were joined by company management and returning angel investors.
4 min read · 29 January 2009
Erik Engelson and Jeffry Grainger have joined medical device incubator The Foundry LLC as managing partners. Engleson previously was president and CEO of Cierra. He also has served in roles with both Versant Ventures and IVP. Grainger previously was VP of corporate affairs and general council with Xtent Inc.
4 min read · 29 January 2009
Glam Media, a female-focused online advertising network, has acquired AdaptiveAds, a provider of display ad targeting and optimization solutions. No financial terms were disclosed. Glam has raised over $87 million in VC funding from firms like Draper Fisher Jurvetson, Accel Partners, DAG Ventures and Walden Venture Capital. AdaptiveAds has raised over $3 million in VC funding led by Draper Fisher Jurvetson.
5 min read · 29 January 2009
VirtuOz, a Redwood City, Calif.-based provider of multilingual virtual support and sales agent solutions, has raised $11.4 million in Series B funding. Mohr Davidow Ventures led the round, and was joined by Eric Hahn (Inventures Group) and return backer Galileo Partners.
4 min read · 29 January 2009
Enriam Ltd., a Finnish provider of decision support systems for the shipping industry, has raised €5 million in Series B funding. Ferd Venture led the round, and was joined by Finnish Industry Investment Ltd. and return backer Conor Venture Partners.
4 min read · 29 January 2009
