Kosmix, a Mountain View, Calif.-based developer of vertical search engines based on specific topics, has raised $20 million in fourth-round funding. Time Warner led the round, and was joined by return backers DAG Ventures, Accel Partners and Lightspeed Venture Partners. Read more at the Kosmix blog.
1 min read · 09 December 2008
SV Life Sciences has hired three venture partners: Sarah Bodary, formerly with Genentech, to focus on biotech; Gary Velasquez, former president and CEO of SV portfolio company Synarc, to focus on healthcare services; and Kevin Barrett, a founding partner of Commonwealth Health Partners, to focus on healthcare services.
4 min read · 08 December 2008
Expresso Fitness, a Sunnyvale, Calif.-based provider of interactive cardio fitness systems, has raised $7 million in new VC funding. Return backers include Sierra Ventures, Physic Ventures, and Enterprise Partners Venture Capital. The company also secured a $7 million working capital line from Silicon Valley Bank.
4 min read · 08 December 2008
Biopta Ltd., a UK-based contract research organization focused on human tissue, has raised £900,000 in VC funding. TriCap was joined by return backers Braveheart Investment Group and Scottish Enterprise. www.biopta.com
1 min read · 08 December 2008
Idapted Ltd., a Beijing-based provider of live Mandarin and English language training, has raised an undisclosed amount of series A funding. Gobi Partners and Ambient Sound Investments co-led the round, and were joined by Russ Siegelman and Xu Xiao Ping.
3 min read · 08 December 2008
1 min read · 08 December 2008
Aria Systems Inc., a Media, Penn.-based provider of on-demand billing and customer lifecycle management solutions, has raised $10 million in Series B funding. Venrock led the round, and was joined by return backers Hummer Winblad Venture Partners and Dave Labuda.
3 min read · 08 December 2008
Mayfield Fund, a Menlo Park, Calif.-based VC firm has formed its first fund dedicated to investing in India. The $110 million vehicle will focus on growth equity opportunities in the Indian tech, infrastructure and consumer sectors. Mayfield will use the fund for companies focused primarily on the Indian market, while its general fund will continue to back India-based companies focused on global opportunities.
2 min read · 08 December 2008
OVP Venture Partners is promoting Carl Weissman from a venture partner to a managing director. He originally joined the firm in February 2007 to focus on digital biology, and will continue to serve as president and CEO of the Accelerator program.
2 min read · 08 December 2008
RightScale, a Santa Barbara, Calif.-based provider of automated management platform for Internet cloud computing services, has raised $13 million in Series B funding. Index Ventures led the round, and was joined by return backer Benchmark Capital.
3 min read · 08 December 2008
