Tayside Flow Technologies Ltd., a UK-based developer of technology that reintroduces the human body’s natural bloodflow pattern, has raised £1.2 million in new VC and debt funding. Equity backers include Quayle Munro Holdings, Tom Farmer, Braveheart Investment Group and Scottish Enterprise. The debt came from Royal Bank of Scotland.
3 min read · 12 January 2009
Goodmail Systems Inc., a Mountain View, Calif.-based provider of an email certification platform, has raised $5 million in additional Series C funding led by Omidyar Network. The company had previously held a $20 million close, from Bessemer Venture Partners, SoftBank Capital, DCM and Emergence Capital Partners. The company has now raised over $49 million.
1 min read · 12 January 2009
Fallbrook Technologies Inc., a San Diego-based provider of technology for improving the performance and flexibility of transmissions for vehicles and equipment, has held a first close on a $25.4 million venture capital round. NGEN Partners is leading the deal with a $10 million commitment, while Robeco also is providing $10 million from its Clean Tech Private Equity fund. Windstone Capital Partners is advising Fallbrook on the transaction.
5 min read · 12 January 2009
Acclarent Inc., a Menlo Park, Calif.-based developer of surgical devices for treating ear, nose and throat ailments, has raised $26 million in fourth-round funding. Johnson & Johnson Development Corp. joined return backers New Enterprise Associates, Delphi Ventures, Versant Ventures and Meritech Capital Partners. Last month, Acclarent withdrew registration for an $86.25 million IPO, citing "unfavorable market conditions."
2 min read · 12 January 2009
Mithridion Inc., a Madison, Wis.-based drug startup focused on CNS disorders like Alzheimer's disease, has raised $2.9 million in Series B funding. Venture Investors led the round, and was joined by Rocket Ventures, The State of Wisconsin Investment Board and Wisconsin Investment Partners. Mithridion has now raised $7.4 million in total VC funding.
3 min read · 12 January 2009
InSet Technologies, a Mt. Olive, N.J.-based developer of programmable implantable pumps for targeted delivery of medication, has raised $25 million in new VC funding. Clarus Ventures led the round, and was joined by return backer FatBoy Capital.
3 min read · 12 January 2009
Wedbush Morgan Securities has agreed to acquire the business assets of Pacific Growth Equities, a San Francisco-based I-bank and institutional brokerage focused on in emerging growth companies in the life science and technology sectors. No financial terms were disclosed for the deal, which is expected to close next month.
3 min read · 12 January 2009
RevaHealth.com, a Dublin, Ireland-based provider of a global health clinic search engine, has raised €1.25 million in new VC funding. Existing backer Mianach Venture Capital led the round, and was joined by Enterprise Ireland.
2 min read · 12 January 2009
Yodle Inc., a New York-based provider of local online advertising and lead generation, has raised $10 million in Series C funding. JAFCO Ventures led the round, and was joined by return backers Draper Fisher Jurvetson and Bessemer Venture Partners. The company had previously raised $15 million since 2006.
4 min read · 12 January 2009
Balderton Capital has held a $430 million first close for its fourth European venture capital fund, which is targeting $500 million. This would be Balderton’s first fund since spinning out as an independent entity from Benchmark Capital.
2 min read · 12 January 2009
