New Enterprise Associates related stories
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Gupta joins Imergy Power SystemAloke Gupta has joined Imergy Power Systems as a Senior Director of Policy & Market Development. Gupta was previously with the Energy Division of the California Public Utilities Commission. Fremont, California-based Imergy provides advanced storage systems. Investors include NEA, Technology Partners, and Blue Run.
Fund performance: Big-fund Texas portfolio benefits from venture’s up cycleWinners include OrbiMed, Khosla, TCV
- Welltok buys VC-backed Predilytics
Welltok has acquired Predilytics, a provider of healthcare analytics. No financial terms were disclosed. Welltok's backers include Bessemer Venture Partners, Emergence Capital Partners, InterWest Partners, New Enterprise Associates and Qualcomm Ventures while Predilytics' investors included Flybridge Capital Partners, Google Ventures and Highland Capital Partners.
- MuleSoft racks up $128 mln
MuleSoft, a platform provider that helps businesses with connectivity, has secured $128 million in funding. Salesforce Ventures led the round with participation from other investors that included ServiceNow, Cisco Investments, Adage Capital Management, Brookside Capital, Sands Capital Ventures, New Enterprise Associates, Lightspeed Venture Partners, Meritech Capital Partners, Bay Partners and Hummer Winblad Venture Partners. Goldman, Sachs & Co was the placement agent for the transaction.
Dashboard: April is showered in fundraisingValue of venture-backed M&A and IPOs also rise in the month, as deal activity slows
- Cortendo to raise about $33.2 mln in a private placement
Cortendo AB has agreed to raise about $33.2 million in a private placement. Investors in this round include Longwood Capital, TVM Capital, Granite Point Capital, RA Capital, New Enterprise Associates, Broadfin Capital and HealthCap. Also, Cortendo has agreed to buy Aspireo Pharmaceuticals’ Somatoprim, which is being studied in the treatment of acromegaly. The value of the acquisition is about $30 million. Headquartered in Göteborg, Sweden and with offices in Radnor, Pennsylvania, Cortendo is a biopharmaceutical firm focused on orphan endocrine disorders.
- NEA leads Series D round for Cartiva
Alpharetta, Georgia-based Cartiva Inc, a provider of solutions for patients with osteoarthritis or cartilage damage, has raised $8.5 million in Series D funding. New Enterprise Associates led the round with participation from Windham Ventures Partners.
- Robinhood scores $50 mln in NEA-led round
Retail brokerage platform Robinhood has raised $50 million in funding, the company announced in a blog post http://blog.robinhood.com/news/2015/5/4/onward on its site. New Enterprise Associates led the round with participation from Index Ventures, Ribbit Capital, Social Leverage and Vaizra Investments. In addition to the funding, Kittu Kolluri of NEA has been added to Robinhood's board of directors.
- Moximed picks up about $33 mln
Hayward, California-based Moximed, a maker of solutions for patients with knee osteoarthritis, has secured about $33 million in funding. The investors included Vertex Venture Holdings Ltd, New Enterprise Associates, Gilde Healthcare Partners, Morgenthaler Ventures and GBS Venture Partners. In addition to the funding, Dr. Christopher Shen of Vertex, has been added to Moximed's board of directors.