VCJ Staff

Nokia Buying OZ Communications

Zvents Raises $24 Million

Storm Ventures Promotes Choi

Estée Lauder Buys AGI Dermatics

Meeting Scheduler Tungle Raises $5 Million

Tungle, a Web-based meeting schedule tool, has raised $5 million in Series A funding. Commonwealth Capital Ventures led the round, and was joined by seed backers JLA Ventures and Desjardins Venture Capital.

Nitec Pharma Raises $22 Million

APT Pharma Raises $32 Million

APT Pharmaceuticals Inc., a Burlingame, Calif.-based developer of inhaled treatments for serious lung diseases, has raised $32.3 million in Series B funding. Three Arch Partners led the round, and was joined by InterWest Partners, Pinnacle Ventures and return backers Charter Life Sciences, Great Point Partners, Versant Ventures and Vivo Ventures. It had previously raised around $33 million.

Link Medicine Raises $40 Million

Link Medicine Corp., a Cambridge, Mass.-based developer of disease-modifying therapies for neurodegenerative indications, has raised $40 million in Series C funding co-led by Clarus Ventures and SV Life Sciences.

Mechtronix World Raises C$39 Million

Mechtronix World Corp., a Montreal-based provider of flight simulation equipment, has raised C$39 million in private equity funding from Richardson Capital.

Bedford Funding Buys VC-backed Authoria

Bedford Funding has agreed to acquire Authoria Inc., a Waltham, Mass.-based provider of talent management solutions, for $63.1 million. Authoria had raised around $140 million in venture capital and debt funding since 1998, from firms like Menlo Ventures, Norwest Venture Partners, Austin Ventures, Van Wagoner Capital Management, CIBC Capital Partner, Horizon Technology Finance and Velocity Financial Group. This included a $22.5 million infusion last October.