New Enterprise Associates related stories
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Bestow fetches $2.5 mln seedBestow, a developer of an on-demand life insurance platform, has raised $2.5 million in seed funding. New Enterprise Associates led the round with participation from Core Innovation Capital, Morpheus Ventures and 8VC.
- VC-backed Synlogic and Mirna Therapeutics completes merger
Synlogic Inc and Mirna Therapeutics Inc have closed their previously announced merger. The newly combined company will operate under the Synlogic name and focus on developing medicines that treat metabolic and inflammatory diseases and cancer. Following the closing of the deal, the merged company has about $100 million in cash and cash equivalents. Also, Synlogic will start trading August 28, 2017 on the NASDAQ under the ticker symbol “SYBX." Synlogic's backers include Aju IB Investment, Ally Bridge Group, Arctic Aurora LifeScience, CLI Ventures, Perceptive Advisors, Rock Springs Capital, Atlas Venture, Deerfield, New Enterprise Associates and OrbiMed.
- SetPoint Medical picks up $30 mln Series D
Santa Clarita, California-based SetPoint Medical, a developer of bioelectronic therapy for chronic inflammatory diseases, has raised $30 million in Series D funding. The investors included New Enterprise Associates, Morgenthaler, Medtronic, Boston Scientific, Topspin and Action Potential Venture Capital.
VC-backed Clementia wraps up Nasdaq IPO, raises $174 mlnMontréal clinical-stage biopharmaceutical company Clementia Pharmaceuticals Inc has wrapped up its initial public offering /canada/2017/7/3461272/ on the Nasdaq Global Market. The company raised an additional $22 million (US$17.9 million) in proceeds from the offering's greenshoe option, bringing total proceeds to about $174 million (US$137.9 million). Its shares began trading on Nasdaq earlier this month under the symbol "CMTA". Founded in 2010, Clementia has been backed by BDC Capital, Fonds de solidarité FTQ, Janus Henderson Investors, OrbiMed Advisors and New Enterprise Associates.
- F-Prime Capital leads Series B round for Stride Health
San Francisco-based Stride Health, a benefits provider for independent workers, has raised $23.5 million in Series B financing. F-Prime Capital Partners led the round with participation from other investors that included Venrock, New Enterprise Associates and Portag3 Ventures.
- Databricks rakes in $140 mln Series D
Databricks, a unifed analytics platform provider, has raised $140 million in Series D funding. Andreessen Horowitz led the round with participation from New Enterprise Associates and Battery Ventures.
- Cisco will buy VC-backed Springpath for about $320 mln
Cisco is planing on acquiring Sunnyvale, California-based Springpath, a provider of enterprise-grade storage and data management software, for about $320 million in cash. Springpath was backed by Sequoia Capital, New Enterprise Associates and Redpoint Ventures.
- VC-backed StreamSets taps Iyer as president
San Francisco-based StreamSets, a provider of enterprise data operations platform, has named Shekhar Iyer as president. Iyer is a former executive at Couchbase, SAP and Informatica. StreamSets' backers include Accel Partners, Battery Ventures and New Enterprise Associates.
