New Enterprise Associates related stories
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GlycoMimetics Raises $38 MillionGlycoMimetics, a Gaithersburg, Md.-based developer of glycobiology-based therapies, has raised $38 million in third-round funding. Genzyme Ventures was joined by return backers New Enterprise Associates, The Novartis Venture Fund, Anthem Capital and Alliance Technology Ventures. The company previously raised around $25 million.
- Diapers.com Raises $30 Million
Quidsi Inc., the Montclair, N.J.-based parent company of Diapers.com, has raised $30 million in Series E funding. New Enterprise Associates led the round, and was joined by return backers Accel Partners, Bessemer Venture Partners and MentorTech Ventures.
- peHUB Wire: Wednesday, October 21, 2009
Random Ramblings
- peHUB Wire: Wednesday, October 21, 2009
Random Ramblings
- Week in deals, Oct. 19, 2009
Summary of North American tech companies and other startups that raised venture financing in the past week
- Exit watch, week of Oct. 19, 2009
News summaries of VC-backed companies, such as CopperGate and others, that were bought in the past week
- The Incredible Shrinking Venture Industry
How small could it get? Nobody knows, "but a large scale experiment is being run whether we like it or not," NEA's Scott Sandell said earlier this week at the VentureWire conference. Sandell tallied the enormous sums of money raised by U.S. venture capitalists over the last 20 years: $28 billion from 1990 to 1996 and a whopping $294 billion in the six years after that. Not even the dotcom bust could dampen this frenzy. But the global financial crisis did. From January to July, venture capitalists raised only $4.5 billion -- and NEA's investors are saying they think fundraising for the rest of the year will be less than that.
- NEA Promotes Viswanathan and Torti
New Enterprise Associates has promoted Ravi Viswanathan to general partner, and promoted Frank Torti to principal. Viswanathan joined the firm in 2004, and focused on energy and IT investments, while Torti joined in 2007 to work on healthcare deals.
- NASDAQ Plans To Ease IPOs With New Exchange
NASDAQ OMX's Bruce Aust dropped this tidbit at the VentureWire conference this morning in Silicon Valley, although he wouldn't provide many details. The exchange would work under the NASDAQ's Boston license, which NASDAQ acquired a couple of years ago along with the Boston Stock Exchange, and would be a "lower-tier listing market" aimed both at emerging companies and companies that are financially solid but can't meet the NASDAQ's current listing requirements. It would be good for VCs. "We've seen (VCs and companies) looking for alternative ways to exit, and we want to create a market to make it easier," he said in an interview. NASDAQ has been working closely with the National Venture Capital Association on this project, but still has to get it approved by the SEC. He wouldn't say how long that might take.