New Enterprise Associates related stories
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Google buys VC-backed San Francisco startup FlutterFlutter, which was backed by WI Harper, Andreessen Horowitz, NEA and Y Combinator, has been sold to Google. No financial terms were disclosed. Based in San Francisco, Flutter enables users to control computers and mobile devices via gesture recognition technology.
- ODSA agrees to buy VC-backed GlobalLogic
ODSA Topco Limited, which is backed by Apax Partners' funds, said Tuesday that it has agreed to acquire GlobalLogic. No financial terms were disclosed. The transaction is expected to close before the end of 2013. Royal Bank of Canada and Credit Suisse served as financial advisors to Apax and will provide financing for the transaction. J.P. Morgan Securities acted as financial advisor to GlobalLogic. GlobalLogic is a provider of full-lifecycle product development services. It was backed by WestBridge Capital, New Atlantic Ventures, New Enterprise Associates and Sequoia Capital.
- VC-backed GlycoMimetics files for IPO
GlycoMimetics said Monday that it has filed an IPO. The number of shares and the price range have yet to be set. The stock will trade on the NASDAQ under the ticker symbol “GLYC.” Jefferies and Barclays Capital are serving as lead underwriters. Based in Gaithersburg, MD, GlycoMimetics is a biotech company focused on developing glycomimetic drugs. It is backed by New Enterprise Associates, Genzyme Ventures, The Novartis Venture Fund, Anthem Capital and Alliance Technology Ventures.
- New Enterprise Associates backs Silk
Silk has received $1.6 million in extended seed financing from New Enterprise Associates. Silk, which is also backed by Atomico, is a cloud-based data-publishing platform.
Venture firms back new crop of wine startupsAfter years of lagging beer as America’s favorite alcoholic beverage, wine has finally drawn even, sister publication Venture Capital Journal reported.
Venture firms back new crop of wine startupsInvestors are betting a new vintage of wine-related technologies, such as data apps and other educational tools, can make online sales viable
- MongoDB raises $150 mln
MongoDB said Friday that it has closed $150 million in financing. New investors Altimeter Capital, Salesforce.com and T. Rowe Price joined existing investors Intel Capital, NEA, Red Hat and Sequoia Capital in the round. MongoDB is a data management company.
- Monsanto Company agrees to buy VC-backed The Climate Corp. for $930 mln
Monsanto Company said Wednesday that it has inked an agreement to acquire The Climate Corp. for approximately $930 million in cash. The transaction is is expected to close in the first quarter of Monsanto’s 2014 fiscal year. Based in San Francisco, The Climate Corp. is a provider of software and insurance products that help farmers improve their operations. It is backed by Index Ventures, First Round Capital, Glynn Capital Management, New Enterprise Associates, The Founders Fund, Google Ventures, Felicis Ventures and Atomico Ventures.
LPs restless as funds hang on to IPO stockIf you like a company when it is private, why not continue to like it when it is public?
- VC-backed Cydan scores $10 mln
Cydan said Tuesday that it has closed $10 million in financing. New investors Lundbeckfond Ventures and Bay City Capital led the round with participation from return backers NEA and Alexandria Venture Investments. Also, Mette Kirstine Agger, managing partner at Lundbeckfond Ventures and Dr. Carl Goldfischer, investment partner and managing director at Bay City Capital, join Cydan’s board of directors. Based in Cambridge, Mass., Cydan, which is also backed by Pfizer Venture Investments and Alexandria Venture Investments, is an orphan drug accelerator that aims to identify and “de-risk” programs with therapeutic and commercial potential.