Ze-gen Inc., a Boston-based developer of technology for converting waste streams into synthesis gas, has raised $20 million in Series B funding. Omar Zawawi Establishment led the round, and was joined by return backers Flagship Ventures, VantagePoint Venture Partners, and Massachusetts Technology Development Corp.
4 min read · 13 January 2009
ExpertPlan, an East Windsor, N.J.-based private-label retirement plan record-keeper, has acquired Actuarial Enterprises Inc., a Newtown, Penn.-based third party administrator. No financial terms were disclosed. ExpertPlan has raised over $18 million between 2000 and 2004, from firms like Bridge Partners, BaseCamp Ventures, Milestone Venture Partners, Meridian Venture Partners, First Analysis Corp. Argentum Group, Paddington Venture Capital, Liberty Venture Partners, Gamma Investors, NextLevel Group and SeaCap Ventures.
2 min read · 13 January 2009
Aster Data Systems, a Redwood City, Calif.-based provider of analytic databases for frontline data warehousing, has raised $12 million in Series B funding. JAFCO Ventures led the round, and was joined by return backers Sequoia Capital, Cambrian Ventures and First Round Capital. The company had previously raised $10 million.
4 min read · 13 January 2009
Alter-G, a Menlo Park, Calif.-based developer of rehabilitation and therapy equipment built on anti-gravity technologies originally developed at NASA, has raised $8 million in Series B funding from Versant Ventures. Ross Jaffe of Versant will join the Alter-G board of directors.
3 min read · 13 January 2009
avVenta Worldwide, a Charleston, S.C.-based provider of digital production and interactive services, has raised $20 million in private equity funding from TZP Group LLC. It’s the first deal for TZP, a New York-based firm formed in 2007.
3 min read · 13 January 2009
N-trig, a Tel Aviv-based maker of natural input digitizer solutions for mobile computers, has raised $24 million in new VC funding. Backers include Aurum Ventures, Challenger Ltd., Canaan Partners, Evergreen Venture Partners and Microsoft Corp. The company had announced a $28 million round last year, plus $5 million in venture debt.
4 min read · 12 January 2009
Mersive Technologies, a Lexington, Ky.-based developer of multi-projector display technology, has raised $4.6 million in Series B funding. Hopewell Ventures led the round with a $4 million commitment, and was joined by return backers Adena Ventures, the Kentucky Science & Technology Corp. and the Bluegrass Angels Venture Fund.
3 min read · 12 January 2009
SocialVibe, a Los Angeles-based social media monetization platform, has raised $8 million in Series B funding. JAFCO Ventures led the round, and was joined by return backer Redpoint Ventures.
3 min read · 12 January 2009
Airborne Mobile Inc., a Montreal-based developer of mobile phone content, has raised C$2 million in new financing from iNovia Capital.
3 min read · 12 January 2009
Medtronic Inc. (NYSE: MDT) has agreed to acquire Ablation Frontiers Inc., a Carlsbad, Calif.-based medical device company focused on developing treatments for irregular heart rhythms. The deal includes an up-front payment of $225 million, plus possible earn-outs based on the achieving of clinical milestones. Ablation Frontiers had raised around $40.3 million in VC funding since 2004, from firms like Novartis Venture Fund, Affinity Ventures, Hexagon Investments, Trellis Health Ventures, Versant Ventures, Aberdare Ventures and Pequot Ventures.
3 min read · 12 January 2009
