Finjan Inc., a San Jose, Calif.-based provider of secure web gateway solutions for the enterprise market, has raised $22 million in fifth-round funding. Return backer HarbourVest Partners led the round, and was joined by Benhamou Global Ventures, Benchmark Capital, Israel Seed Partners and Cisco. The company had previously raised around $45 million.
3 min read · 19 November 2008
Angie’s List, an Indianapolis–based provider of consumer reviews on local service, has raised $18 million in venture debt funding from Lighthouse Capital Partners. Earlier this year, the company raised $35 million from Battery Ventures. Other backers include Aquent and BV Capital.
3 min read · 19 November 2008
Blyk, a Finland-based mobile network for young people, has raised €40 million in new VC funding. No additional details were disclosed for the round, which was announced on the company’s blog. Company shareholders include Sofinnova Partners.
2 min read · 19 November 2008
1 min read · 19 November 2008
Archemix Corp., a Cambridge, Mass.-based developer of aptamer-based therapeutics, has agreed to go public via a reverse merger with NitroMed Inc. (Nasdaq: NTMD). Archemix shareholders will own 70% of the combined company, while NitroMed shareholders will hold the remainder. Archemix earlier this year withdrew an IPO offering, after having raised around $135 million in VC funding from firms like Atlas Venture (13.9% stake), Prospect Venture Partners (13.9%), Highland Capital Parnters (13.2%), SV Life Sciences (11.6%), KGaA (11.3%), Rho Ventures (9.6%) and Care Capital (5.3%).
9 min read · 19 November 2008
Quantance Inc., a San Mateo, Calif.-based fables chipmaker focused on increasing data speed and battery life in mobile devices, has raised $12 million in Series B funding. TD Fund led the round, and was joined by Docomo Capital and return backers Granite Ventures and InterWest Partners.
5 min read · 19 November 2008
Christopher McFadden has joined Health Evolution Partners to launch a New York office, and as a managing director of the firm’s growth fund. He previously was a managing director with Goldman Sachs.
5 min read · 19 November 2008
Raydiance Inc., a Petaluma, Calif.-based developer of ultrafast laser technology and applications, has raised $20 million in Series D funding. Greenstreet Partners led the round, and was joined by return backer Draper Fisher Jurvetson. The company is run by former AOL CEO Barry Schuler, who also is a managing director of DFJ Growth Fund.
5 min read · 19 November 2008
Apptera Inc., a San Bruno, Calif.-based developer of speech recognition solutions, has raised $10.5 million in fifth-round funding. Return backers include Alloy Ventures, Lightspeed Venture Partners and Walden International. The company had previously raised around $25 million.
3 min read · 19 November 2008
Tengion Inc., an East Norriton, Penn.-based regenerative medicine company focused on replacement bladders, has raised approximately $21 million in additional Series C funding, bringing the round total to $54 million. Safeguard Scientifics was joined on the round by return backers Bain Capital, Johnson & Johnson Development Corp., Deerfield Partners, Quaker BioVentures, Oak Investment Partners, HealthCap and L Capital Partners. The company had now raised over $140 million in total VC funding.
4 min read · 19 November 2008
