Ironwood Pharmaceuticals Inc. (f.k.a. Microbia), a Cambridge, Mass.-based antibacterial drug company focused on gastrointestinal disorders, has raised $50 million in seventh-round funding. Morgan Stanley Investment Management led the round, and was joined by “numerous investors from previous financing rounds.” The company has now raised over $250 million in total VC funding since 1998, from firms like Morgan Stanley, Ridgeback Capital, Fidelity Biosciences, Paperboy Ventures, Polaris Venture Partners and Venrock.
4 min read · 02 October 2008
Astadia Inc., an Atlanta-based provider of IT consulting for the SaaS market, has raised $7 million in Series B funding. Backers include North Atlantic Capital and Kodiak Venture Partners.
3 min read · 02 October 2008
1 min read · 01 October 2008
Mercury Computer Systems (Nasdaq: MRCY) has sold the assets of SolMap Pharmaceuticals to FORMA Therapeutics, a Cambridge, Mass.-based startup that recently raised around $4 million from the Novartis Option Fund. No financial terms were disclosed. SolMap is a biotech venture that uses computational and experimental fragment-based drug design.
2 min read · 01 October 2008
Accellos Inc., a Colorado Springs, Colo.-based provider of supply-chain execution solutions, has raised $28.5 million in Series B funding. Monitor Clipper Partners was joined by return backers like Centennial Ventures. Part of the proceeds will be used to acquire Prophesy Transportation Software, a provider of solutions to the trucking industry. Accellos had previously raised around $22 million.
4 min read · 01 October 2008
SRA International Inc. (NYSE: SRX) has acquired Era Corp., a Reston, Va.-based provider of surveillance technologies for the air traffic management, airport operations, military and security markets. No financial terms were disclosed. Era had raised over $10 million in VC funding from Boulder Ventures, plus some acquisition financing from Mezzanine Management.
2 min read · 01 October 2008
Intersil Corp. (Nasdaq: ISIL) has agreed to acquire Kenet Inc., a Woburn, Mass.-based fabless maker of ultra-low power analog-to-digital converters. No financial terms were disclosed. Kenet has raised around $25 million in VC funding since 2002, from firms like Venrock, Oak Investment Partners, MIT and Kopin Corporation.
3 min read · 01 October 2008
ZocDoc, a New York-based provider of physician finder and appointment booking services, has expanded its Series A round to include investments from SalesForce.com founder/CEO Marc Benioff and Amazon.com founder/CEO Jeff Bezos. No financial terms were disclosed. ZocDoc had previously raised $3.3 million led by Khosla Ventures.
3 min read · 01 October 2008
Metaforic, a Glasgow, Scotland-based provider of anti-tamper solutions for software, has raised $2 million in VC funding from Pentech Ventures and the Scottish Co-Investment Fund.
3 min read · 01 October 2008
New Enterprise Associates has made several promotions: Harry Weller to general partner, Rohini Chakravarthy and Jon Sakoda to partner and Ali Behbahani to principal.
4 min read · 01 October 2008
