Correlation Ventures related stories
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Gynesonics raises $75 mlnGynesonics said Jan. 3 that it raised $75 million in equity financing led by Bain Capital Life Sciences. Gynesonics existing investors, including Abingworth, Advanced Technology Ventures (ATV), Endeavour Vision, HealthCrest, InterWest Partners, HBM Partners, Correlation Ventures and Hercules Technology Growth Capital also participated in the round. Gynesonics, of Redwood City, California, is developing treatments for uterine conditions.
- Prose locks in $18 mln Series B
New York City and Paris-based Prose, a maker of hair care products, has raised $18 million in Series B financing. Insight Venture Partners led the round with participation from return backers Forerunner Ventures, ISAI, Lerer Hippeau Ventures and Correlation Ventures.
- Galera Therapeutics fetches $150 mln Series C
Malvern, Pennsylvania-based Galera Therapeutics Inc, a clinical-stage biotechnology company, has secured $150 million in Series C financing. Clarus led the round with participation from Adage Capital Management, HBM Healthcare Investments, Nan Fung Life Sciences, RA Capital, Rock Springs Capital, Tekla Capital Management LLC, Correlation Ventures, Galera Angels, New Enterprise Associates, Novartis Venture Fund, Novo Ventures and Sofinnova Ventures. In conjunction with the funding, Dr. Emmett T. Cunningham Jr, a managing director at Clarus, will join Galera’s board of directors.
- VC-backed Zebit recruits Ben-Or as chief of risk and analytics
San Diego-based Zebit Inc, a provider of ecommerce credit solutions, has named Pini Ben-Or as chief of risk and analytics. Previously, he led the analytics at Actimize. Zebit’s investors included Crosslink Capital, Wildcat Venture Partners, Leapfrog Ventures and Correlation Ventures.
- Swivel picks up $4.75 mln seed
Swivel, an online service where companies can find and design their own plug-and-play workspace and pay for it on flexible terms, has raised $4.75 million in seed funding. First Round Capital led the round with participation from other investors that included Fuel Capital, Correlation Ventures, Great Oaks Venture Capital, Hack VC, Capital Factory, Abstract Ventures, Floodgate and Next Coast Ventures.
- AT&T to buy VC-backed AlienVault
AT&T plans on acquiring San Mateo, California-based AlienVault, a cybersecurity and crowd-sourced threat management platform. No financial terms were disclosed. AlienVault's backers include Institutional Venture Partners, Trident Capital, Kleiner Perkins Caufield & Byers, GGV Capital, Correlation Ventures, Intel Capital, Jackson Square Ventures and Top Tier Capital Partners.
- Meditation app 10% picks up $3.7 mln seed
Meditation app 10% has raised $3.7 million in seed funding, adding to a total tally of $5 million. The investors include Khosla Ventures, Trinity Ventures and Correlation Ventures.