New Enterprise Associates related stories
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- Omthera Pharma Inks $33.9M Series C
Omthera Pharmaceuticals Inc. has raised $33.9 million in Series B financing. Menlo Park, Calif.-based venture firm New Enterprise Associates led the round, with participation from existing shareholder Sofinnova Partners. Omthera will use the funds, in part, for Phase 3 clinical development of Omthera's novel Omega-3 fatty acid compound, Epanova, the company said in a release. Bedminster, New Jersey-based Omthera has raised a total of about $40.4 million in venture capital financing to date.
- BridgePoint Medical Closes on $9.1M
BridgePoint Medical Inc., a developer of medical technology for coronary disease, has closed on $9.1 million. An unnamed strategic investor led the round, which included participation from existing shareholders including New Enterprise Associates, Polaris Venture Partners and Foundation Medical Partners. The Series C round will help the company bolster sales and marketing of its technology.
- Alta Devices Inks Financing for Solar Applications
Alta Devices Inc. has added venture financing from a slew of venture investors including August Capital, Kleiner Perkins Caufield & Byers, Crosslink Capital, DAG Ventures, New Enterprise Associates and Technology Partners. New investors are Alberta Investment Management Corporation, Good Energies, Energy Technology Ventures – a joint venture involving GE, ConocoPhilips and NRG Energy – and Constellation Energy. The company, which has raised a total of $72 million in this round, will use the infusion to continue its focus on improving the production economics of high efficiency solar photovoltaic applications, the company said in a release.
- Sprout Social Nabs $10M Series B
Sprout Social, a company that helps businesses manage customer relations across social networking tools like Facebook, Twitter and LinkedIn, has raised $10 million in Series B financing. New Enterprise Associates led the round, which will go toward business development and product strategy, the company said. Sprout Social is based in Chicago.
- HP Buys Data Management Co. Vertica
HP will acquire venture-backed data management company Vertica for an undisclosed amount. Billerica, Mass.-based Vertica has raised more than $30 million since it was formed in 2005, and is backed by investors including Kleiner Perkins Caufield & Byers, Bessemer Venture Partners, Highland Capital Partners and New Enterprise Associates. Terms of the acquisition were not released.
- Ulthera Closes $10.5M Series C
Ultrasound device maker Ulthera has raised $10.5 million in Series C financing. New Enterprise Associates led the round, which included participation from Apposite Capital LLP. The funding will help the company with continued development and expansion. Formed in 2004, Ulthera is based in Mesa, Ariz. Apposite Capital is a healthcare-focused firm with offices in London and San Francisco. Menlo Park, Calif.-based New Enterprise Associates has $11 billion in committed capital.