4 min read · 16 January 2009
3 min read · 16 January 2009
1 min read · 15 January 2009
Open Kernel Labs, a Chicago-based provider of embedded virtualization software for mobile phones and broadband internet devices, has raised $7.6 million in new VC funding. Chrysalis Ventures led the round, and was joined by Citrix Systems and return backer Neo Technology Ventures.
3 min read · 15 January 2009
Will Hunsinger has joined Seattle-based venture firm Maveron LLC as an entrepreneur-in-residence. He most recently served as CEO of Maveron portfolio company Adeze.
3 min read · 15 January 2009
Cam Lanier III has joined Kinetic Ventures as a senior director. He currently is chairman of ITC Holding C0., and previously helped found Interstate Communications (sold to MCI for $1.2b in 1990).
2 min read · 15 January 2009
Cephalon Inc. (Nasdaq: CEPH) and Ception Therapeutics Inc. have signed an agreement whereby Cephalon gets the option to purchase all outstanding capital stock of Ception. Under terms of the deal, Cephalon will pay $100 million upfront, and another $250 million if it chooses to exercise the option. Ception Therapeutics is a Malvern, Pa.-based drug company whose lead candidates are anti-inflammatories. It has raised around $88 million in VC funding, from firms like Essex Woodlands Health Ventures, Investor Growth Capital, MDS Life Sciences, New Science Ventures and Aperture Venture Partners.
4 min read · 15 January 2009
Firecomms, a Cork, Ireland-based provider of high-speed plastic optical fiber components, has raised $5 million in new VC funding. Swisscom, Alps Electric of Japan and GP Bullhound Sidecar were joined by return backers Atlantic Bridge, ACT Venture Finance and Enterprise Ireland.
3 min read · 15 January 2009
ServiceChannel.com, an Albertson, N.Y.-based provider of online tools for contractors to collaborate with facilities managers, has raised an undisclosed amount of Series B funding led by SJF Ventures.
2 min read · 15 January 2009
Schoolwires, a State College, Penn.-based provider of online portals and content management solutions for K-12 schools, has raised $12 million in its first round of institutional funding. Kennet Partners led the round, with Kennet principal Eric Filipek joining the company’s board of directors.
3 min read · 15 January 2009
