Private Equity
Seattle-based Tier 3, which provides an enterprise platform-as-a-service, has closed on $8.5 million in Series A funding. Ignition Capital and Madrona Venture Group provided the round, which will be used to expand the company’s technology. Ignition’s John Connors and Madrona’s Matt McIlwain will join the company’s board.
3 min read · 09 March 2011
4 min read · 07 March 2011
5 min read · 02 March 2011
BerGen Bio, the Norwegian biopharmaceutical research and development company, secured 7 million krone from local Sarsia Seed and Development funds to continue its leading research and development activities into new and original cancer treatments.
2 min read · 02 March 2011
Osage University Partners said Thursday that it has closed its first fund, Osage University Partners I, at $100 million. The VC fund is affiliated with universities to make direct investments in startup companies.
3 min read · 24 February 2011
G5, which is backed by Volition Capital, said Tuesday that it has named Ilene Vogt the senior VP of sales and services. Bend, Ore.-based G5 provides vertical-specific local marketing services for mid-market companies.
2 min read · 22 February 2011
The BMW Group has launched a $100 million venture capital fund, BMW i Ventures, designed to help expand its range of sustainable and mobile technology. New York-based start-up My City Way is the first investment from the BMW fund. Terms of the deal were not released. My City Way provides a mobile app focused on public transportation, parking and local entertainment. BMW also announced a new sub-brand of vehicles focused on sustainable mobility, including hybrid and electric systems that will launch two new models in 2013.
4 min read · 22 February 2011
Brian Morfitt was promoted to partner of Frazier Healthcare's growth equity team. Ben Magnano was also named a principal with Frazier's growth equity team, according to a statement Wednesday. Frazier, with offices in Seattle and Menlo Park, Calif., provides growth equity and VC funding to healthcare companies.
3 min read · 02 February 2011
Intel Capital will put $200 million in new capital toward American technology startups as part of President Obama’s “Startup America” campaign. The firm, which is the investing arm of Intel Corp., has also joined the campaign's board of advisors. In addition, IBM said it would invest $150 million over the next year in as part of "Startup America." The public/private partnership is designed to help increase the success of American entrepreneurs by bringing together foundations, corporations and a range of federal agencies.
3 min read · 31 January 2011
General Electric Co., ConocoPhillips and power group NRG Energy Inc. are teaming up to invest in early-stage technology companies, Reuters reported, citing a story in the Wall Street Journal. The joint-venture, Energy Technology Ventures, will invest roughly $300 million over the next four years, the report said.
1 min read · 27 January 2011
