Allos Ventures related stories
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7Signal fetches $4 mln in Series B financing7signal said Tuesday that it has received $4 million in Series B financing. Allos Ventures and Mutual Capital Partners Funds led the round with participation from existing investor North Coast Angel Fund. With offices in Ohio and Finland, 7Signal is a provider of wireless performance solutions.
- ALung Technologies closes $15.8 mln in Series B-1 Financing
ALung Technologies said Wednesday that it has raised $15.8 million in Series B-1 financing. Allos Ventures was the lead investor. West Capital Partners, Birchmere Ventures, BlueTree Capital Group, PLSG Accelerator Fund and Smithfield Trust Company participated in the round. Based in Pittsburgh, ALung Technologies is a maker of respiratory assist devices.
- Cincinnati-Based Fund Invests in Allos Ventures Fund and Sigma Prime Ventures Fund
Cintrifuse said Thursday that its Early Stage Capital Fund I is investing in Allos Ventures Fund II and Sigma Prime IX Fund. No exact financial terms were disclosed for the two investments, however, Cintrifuse has raised $51 million for its fund. Managed by Allos Ventures, Allos II focuses on early-stage software and business technology companies while Sigma Prime IX, which is run by Sigma Prime Ventures, targets technology startups. Based in Cincinnati, The Cintrifuse Early Stage Capital Fund I is a venture capital fund of funds that invests in early-stage venture capital funds with a focus on technology, life sciences, consumer goods/services and energy.
- Scale Computing Raises $12M
Scale Computing, maker of IT infrastructure for small to medium-sized businesses, has raised $12 million in Series D financing. Heron Capital Venture Fund led the round. Reservoir Venture Partners, Allos Ventures, CID Equity Capital, Spring Mill Venture Fund, Northgate Capital, Benchmark Capital Partners and Scale Venture Partners also contributed. Scale Computing is based in Indianapolis.
- AssureRx Health Seals Debt Financing
Mason, Ohio-based AssureRx Health Inc. has sealed $8 million in debt financing from Silicon Valley Bank. The funds will be used to provide working capital and finance new product launches, the company said in a written released. The credit line follows an $11 million Series B round, which closed last year. The company is backed by investors including Claremont Creek Ventures, Sequoia Capital, Cincinnati Children’s Hospital Medical Center, Mayo Clinic, CincyTech and Allos Ventures.
- BidPal Network Seals $5.6M
MK Capital and Allos Ventures co-led a $5.6 million Series B round for Indianapolis-based BidPal Network. The company makes a handheld bidding device designed for charitable fundraising. The infusion will help BidPal expand into new markets.
- AssureRx Health Inks $11M
AssureRx Health Inc. has raised $11 million in Series B financing. Claremont Creek Ventures and Sequoia Capital co-led the round, which included investment from existing shareholders Cincinnati Children's Hospital Medical Center, Mayo Clinic and CincyTech. New investor Allos Ventures also participated. The company’s technology is designed to help physicians select the right drug and the right dose for individual neuropsychiatric patients.
- Fund Briefs, October 2010
Alsop Louie Partners beats target for second fund; Menlo Ventures seeking $800M; Allos Ventures raises $25M, falls short of goal; SingTel plans $150M fund; CalCEF raises $11M for early stage cleantech