Generation Health Inc., an Upper Saddle River, N.J.-based startup focused on genetic testing benefit management, has raised nearly $5 million in Series A funding. Backers include Highland Capital Partners, Correlagen Diagnostics, D2Hawkeye and company management.
3 min read · 09 December 2008
Rustic Canyon Partners has sold its position in nineteen portfolio companies to Saints Capital. It also has sold 20% of its stakes in another eight companies.
3 min read · 09 December 2008
Ascent Therapeutics Inc., a Cambridge, Mass.-based developer of GPCR modulators, has entered into a licensing option agreement through the Novartis Option Fund. The deal includes an upfront fee and potential milestones totaling more than $200 million. Ascent announced late last month that it had raised $19 million in Series A funding from Novartis Option Fund, Healthcare Ventures and TVM Capital.
3 min read · 09 December 2008
RiseSmart, a Sunnyvale, Calif.-based provider of job search and outplacement services via the Web, has raised $3 million in Series A funding from Norwest Venture Partners.
4 min read · 09 December 2008
Interface Biologics Inc., a Toronto-based developer of biomedical-polymers for use in implantable medical devices, has raised C$5 million in new VC funding. Return backers include Covington Capital, VG Partners and BDC Capital.
3 min read · 09 December 2008
Richard Kent has joined Intersouth Partners as a venture partner focused on the pharmaceutical market. He previously was president and CEO of Serenex Inc., an Intersouth portfolio company sold to Pfizer in April.
3 min read · 09 December 2008
1 min read · 09 December 2008
Appcelerator Inc., a Mountain View, Calif.-based provider of open source technologies for building and managing rich Web applications, has raised $4.1 million in Series A funding. Storm Ventures led the round.
2 min read · 09 December 2008
Morgan Keegan & Co. has acquired Revolution Partners, a Boston-based investment bank focused on M&A and private capital advisory services for the technology industry. No financial terms were disclosed.
3 min read · 09 December 2008
Micro Focus International PLC has agreed to acquire Relativity Technologies Inc., a Raleigh, N.C.-based provider of enterprise application modernization solutions, for approximately $9.7 million in cash. Relativity had raised over $30 million in VC funding since 1997, from firms like Noro-Moseley Partners and Tall Oaks Capital Partners.
2 min read · 09 December 2008
