VCJ Staff

MacroGenics Raises $25 Million

MacroGenics Inc., a Rockville, Md.-based drug company focused on autoimmune disorders, cancer and infectious diseases, has raised $25 million in Series D-2 funding. Nextech Ventures led the round, and was joined by Arcus Ventures, Innovis Investments, Eli Lilly & Co. and return backers Alexandria Real Estate, Alta Partners, CIDC, InterWest Partners, Mitsubishi UFJ, OrbiMed Advisors, Red Abbey Venture Partners, RiverVest, Texas Pacific Group Ventures and Ventures West.

Asetek Raises $16 Million

Asetek Inc., a San Jose, Calif.-based provider of liquid cooling and thermal management solutions, has raised $16 million in Series B funding. D.E. Shaw Ventures led the round, which brings the company's overall venture capitalization to $38 million.

Digg Raises $28.7 Million

Digg Inc., a San Francisco-based social news ranking site, has raised $28.7 million in Series C funding. Highland Capital Partners led the round, and was joined by return backers Greylock, Omidyar Network and SVB Capital. The company has now raised around $40 million in total VC funding since late 2005.

Mayfield Raises $395 Million

Telligent Raises $20 Million from Intel Capital

Telligent, a Dallas-based maker of social computing solutions and business intelligence tools, has raised $20 million in venture funding from Intel Capital. The deal includes a pair of $10 million tranches, with the first one already called down.

InMage Raises $15 Million Series C

InMage Systems Inc., a Santa Clara, Calif.-based provider of data protection and disaster recovery software, has raised $15 million in Series C funding. Intel Capital led the round, and was joined by return backers Hummer Winblad Venture Partners and Kumar Malavalli.

ForteBio Raises $25 Million

ForteBio Inc., a Menlo Park, Calif.-based provider of analytical systems for life science and pharmaceutical development, has raised $25 million in Series C funding. OrbiMed Advisors led the round, and was joined by MPM Capital and return backers Alloy Ventures, Latterell Venture Partners, The Vertical Group and Versant Ventures.

True Ventures Promotes Braughm Ricke

GridPoint Raises $120 Million, Buys V2Green

GridPoint Inc., an Arlington, Va.-based smart-grid company, has raised $120 million in fifth-round funding. It also has acquired V2Green, a Seattle-based developer of plug-in electric vehicle grid integration technology. No financial terms of the acquisition were disclosed. GridPoint did not identify investors participating on the deal, which includes an initial $100 million calldown and the conversion of all outstanding shares into common stock. It did say, however, that most of the money came from prior backers, which include Goldman Sachs, New Enterprise Associates, Susquehanna Private Equity, Perella Weinberg Partners and Robeco. Gridpoint has now raised around $220 million in total VC funding.

Aricent Raises $60 Million