New Enterprise Associates related stories
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Champions Oncology nets $14 mlnHackensack, New Jersey-based Champions Oncology Inc, a developer of advanced tech solutions to personalize the use of oncology drugs, has closed $14 million in funding. New Enterprise Associates led the round with participation from other investors that included Battery Ventures, Perceptive Advisors and Sabby Capital. MTS Securities, LLC, an affiliate of MTS Health Partners LP, served as the placement agent.
- PhaseBio Pharmaceuticals picks up $40 mln Series C
Malvern, Pennsylvania-based PhaseBio Pharmaceuticals Inc, which is focused on developing treatments for metabolic and specialty cardiopulmonary disorders, has secured $40 million in Series C funding. AstraZeneca led the round with participation from New Enterprise Associates, Hatteras Venture Partners, Johnson & Johnson Innovation – JJDC and Fletcher Spaght Ventures. In addition to the funding, Dr. Michael Gutch of AstraZeneca has been added to PhaseBio's board of directors while Donald Dwyer, also of AstraZeneca, has become a board observer.
- NEA, others seed enterprise productivity platform Do
Do, which provides a productivity platform for the enterprise, has raised $2 million in seed funding from New Enterprise Associates, Slow Ventures (Dave Morin and Kevin Colleran), Nas of Queensbridge Venture Partners, Zynga founder Mark Pincus, Chegg co-founder Aayush Phumbhra, Cotap CEO and former Yammer Chief Product Officer Jim Patterson, and other investors. The San Francisco-based company, which allows users to take notes, share files, assign tasks, and do related meeting tasks, launched in July 2014 with an undisclosed amount of initial backing, including from SherpaVentures and Salesforce.
The smart kitchen heats upAs smart home technology and IoT becomes widely adopted in the coming years, the smart kitchen could be a $10 billion market opportunity for VCs by 2020
- VC-backed SugarCRM buys Stitch
SugarCRM Inc has acquired San Francisco-based Stitch, a provider of personal assistant technologies that enhance productivity for mobile users. No financial terms were disclosed. SugarCRM is backed by Goldman Sachs, Draper Fisher Jurvetson, New Enterprise Associates and Walden International.
- NEA leads $13 mln Series B funding in Swiftype
New Enterprise Associates has led a $13 million Series B funding round in Swiftype, a software-as-a-service startup for web and mobile app searching. As part of the funding, NEA Partner Chetan Puttagunta will join Swiftype's board of directors. Swiftype previously raised $7.5 million in a Series A funding in late 2013.
- NEA leads $35 mln round for Mersana
Cambridge, Massachusetts-based Mersana Therapeutics Inc, a provider of Fleximer antibody-drug conjugate technology, has secured $35 million in Series B-1 financing. New Enterprise Associates led the round with participation from Rock Springs Capital Management, Elliott Sigal, former head of R&D at Bristol-Myers Squibb, Pfizer Venture Investments and Fidelity Biosciences. Also, Mersana has appointed Anna Protopapas as president and CEO. And, Protopapas and Dr. Elaine V. Jones, executive director of Pfizer Venture Investments, have been added to Mersana's board of directors.
- Branch Metrics pulls in $15 mln Series A
Palo Alto, California-based mobile linking platform Branch Metrics has raised $15 million in Series A funding. New Enterprise Associates and Ben Narasin led the round with participation from Pejman Mar Ventures, Zach Coelius, Cowboy Ventures and TriplePoint Capital.
- GuideSpark raises $22.2 mln
GuideSpark has closed a Series C funding round $22.2 million led by Meritech Capital Partners with participation from existing investors New Enterprise Associates (NEA), Storm Ventures and IDG Ventures. Menlo Park, Calif.-based GuideSpark provides videos that aide in employee communications and engagement.
Uber boosts Series E round to $2.8 bln: BloombergUber has increased its Series E funding round by $1 billion, according to Bloomberg News http://www.bloomberg.com/news/articles/2015-02-18/uber-increases-fundraising-to-1-billion-amid-investor-appetite which cited a Delaware filing.