New Enterprise Associates related stories
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NEA leads funding round for Advanced Cardiac TherapeuticsMedical device company Advanced Cardiac Therapeutics has raised an undisclosed amount of funding in a round led by New Enterprise Associates. Previous backer NBGI Ventures was also an investor. In conjunction with the funding, ACT has added Justin Klein, a partner at NEA, to its board of directors. Also, Ajax Vascular CEO has been named chairman of the board while VytronUS CEO Mike Pederson joins the board as an independent director.
- Bulls beware
Given skyrocketing US IPO volumes, this might seem like a good time for sponsors to be plotting a public offering for their portfolio companies. But the picture may not be as rosy as these numbers suggest.
Fund performance: NEA and Austin show solid improvement in WSIB portfolio: VCJA generation of venture capital funds now reaching middle age is clearly benefiting from the business’ up-cycle, affiliate magazine Venture Capital Journal reports. This is apparent in the Washington State Investment Board’s Pathway and Invesco portfolios, where funds from the 2006 to 2008 vintages are turning in solid performances.
- Fund performance: NEA and Austin show solid improvement in WSIB portfolio: VCJ
A generation of venture capital funds now reaching middle age is clearly benefiting from the business’ up-cycle, affiliate magazine Venture Capital Journal reports. This is apparent in the Washington State Investment Board’s Pathway and Invesco portfolios, where funds from the 2006 to 2008 vintages are turning in solid performances.
- CIT GAP Funds backs Northern Virginia startup Urgent.ly
CIT GAP Funds has made an undisclosed investment in Urgent.ly. Based in Northern Virginia, Urgent.ly is a provider of on-demand roadside assistance.
- CIT GAP Funds backs Northern Virginia startup Urgent.ly
CIT GAP Funds has made an undisclosed investment in Urgent.ly. Based in Northern Virginia, Urgent.ly is a provider of on-demand roadside assistance.
KP and NEA are most active dealmakers in March: VCJDocuSign, MuleSoft, Oculeve, Secret and WellTok are among the startups that secured funding during the month.
- CIT GAP Funds back Riogin
CIT GAP Funds has made an undisclosed investment in Riogin. Based in Charlottesville, Virginia, Riogin is a pharmaceutical startup.
Data spotlight: KP and NEA are most active dealmakers in MarchDocuSign, MuleSoft, Oculeve, Secret and WellTok are among the startups that secured funding during the month.
- Fitness app Fitnet scores $1.4 mln
Fitnet Corp. has closed $1.4 million in Series A funding. The investors were Valleys' Ventures and CIT GAP Funds. Fitnet Corp. is the maker of Fitnet, a mobile fitness app.