Revance Therapeutics Inc., a Mountain View, Calif.-based drug company focused on the aesthetic medicine and personal wellness categories, has raised $8 million in venture debt funding from Leader Ventures and Horizon Technology Finance. It had previously raised around $64 million in VC funding from Bio*One Capital, Medicis Pharmaceuticals Corp., Essex Woodlands Healthcare Ventures, Vivo Ventures, Technology Partners, Shepherd Ventures and Palo Alto Investors.
3 min read · 18 November 2008
Casual Collective, a Berkshire, England-based social gaming site, has raised $1 million in seed funding from Lightspeed Venture Partners. The company was formed by game developers Paul Preece and David Scott, who created both Desktop Tower Defense and Flash Element TD.
4 min read · 18 November 2008
Ascent Therapeutics Inc., a Cambridge, Mass.-based developer of GPCR modulators, has raised $19 million in Series A funding. Backers include Novartis Option Fund, Healthcare Ventures and TVM Capital. It also has filled out its senior management team, including CEO Frederick Jones (former head of Devgen NV’s pharma unit).
5 min read · 18 November 2008
Fredrik Cassel has been promoted to partner at Nordic venture capital firm Creandum. He joined the firm in 2003, and has led deals for Spotify, Cint, Pintavision and Videoplaza.
2 min read · 18 November 2008
VibeAgent, a Charlottesville, Va.-based hotel search engine, has raised $3 million in Series A funding from individual angels.
2 min read · 18 November 2008
Zacharon Pharmaceuticals Inc., a San Diego-based developer of small-molecule glycan inhibitors, has raised $3.5 million in Series A funding from Avalon Ventures. It also received more than $2.2 million in NIH research grants.
3 min read · 18 November 2008
ReGen Power Systems LLC, a New Salem, Mass.-based developer of a low-temperature differential engine to convert waste industrial heat to power, has raised $5 million from 21Ventures LLC and the Quercus Trust.
3 min read · 18 November 2008
Sol-Gel Ltd., a Revohot, Israel-based developer of topical products for the dermatology market, has raised $9 million in new VC funding. Medica Venture Partners led the round, and was joined by return backers JVP and DSM Corporate Venturing. The company had previously raised around $16.5 million since 2003.
2 min read · 18 November 2008
Novafora Inc., a Cupertino, Calif.–based maker of video processors, has agreed to acquire Transmeta Corp. for $255.6 million, or between $18.70 and $19 per outstanding share. Novafora has raised VC funding from Gemini Israel Funds and Vertex Venture Capital.
2 min read · 18 November 2008
RollStream, a Fairfax, Va.-based provider of enterprise community software solutions, has raised $6 million in Series B funding led by Core Capital Partners. The company had previously raised around $2.7 million from Grotech Capital Group, CIT GAP Fund and Amplifier Venture Partners.
3 min read · 18 November 2008
