GangaGen Inc., a Palo Alto, Calif.-based developer of products for the treatment of bacterial infections, has raised $1.8 million in VC funding from ATEL Ventures.
1 min read · 07 October 2008
MindFuse, a Berkeley, Calif.-based developer of online virtual worlds and massively multiplayer online games, has raised $1 million in convertible note funding from Keiretsu Forum.
2 min read · 07 October 2008
CollegeWikis, a New York-based group messaging platform for students, has raised $2 million in Series A funding. HighBAR Ventures led the round, and was joined by Richmond Management, eCoast Angel Network and Boston Harbor Angels.
3 min read · 07 October 2008
RecoverCare LLC, a Radnor, Penn.-based provider of bariatric-related equipment to clinics & hospitals, has acquired T.H.E. Medical Inc. of Ontario, Canada. LLR Partners provided RecoverCare with equity capital to help finance the deal, although specific financial information was not disclosed.
3 min read · 07 October 2008
Alien Technology, a Moran Hill, Calif.-based RFID company, has raised $38 million in Series I funding. Return backers include Advanced Equities, New Enterprise Associates (NEA), Rho Ventures and Sunbridge Partners. Read prior peHUB coverage of the round here.
2 min read · 06 October 2008
Giga Omni Media, an online publishing company behind the GigaOm blog network, has raised $4.5 million in new VC funding. Alloy Ventures led the round, and was joined by return backers True Ventures, Rakesh Mathur, Venky Harinarayan and Anand Rajarama. Read more…
1 min read · 06 October 2008
BlackArrow, a New York-based ad-management systems for viewer-controlled video, has raised $20 million in Series B funding. Return backers include Cisco Systems, Inc., Comcast Interactive Capital, Intel Capital, Mayfield Fund and Polaris Venture Partners. The company previously raised $18 million in a tranched-out Series A round.
2 min read · 06 October 2008
eBay has agreed to acquire Bill Me Later, a Timonium, Md.-based provider of online payment solutions. The deal is valued at approximately $945 million, including $820 million in cash and around $125 million worth of outstanding options. Bill Me Later had raised around $200 million in VC funding since 2000, from Crosspoint Venture Partners, Azure Capital Partners and GRP Partners.
6 min read · 06 October 2008
Cognisafe, an Israel-based provider of anti-cheating software for online games, has raised an undisclosed amount of seed funding from 21Ventures.
2 min read · 06 October 2008
Biolex Inc., a Pittsboro, N.C.-based drug company whose lead candidate focuses on hepatitis C, has raised $60 million in Series D funding. Clarus Ventures led the round, and was joined by OrbiMed Advisors and return backers included Intersouth Partners, Quaker BioVentures, Johnson & Johnson Development Corporation, Investor Growth Capital, Polaris Ventures, Mitsui & Co., The Dow Chemical Co., JP Morgan Securities and the North Carolina Economic Development Fund. Biolex has now raised nearly $160 million in total VC funding, and earlier this year canceled a planned $80 million IPO.
5 min read · 06 October 2008
