North America

BDC, NEA to vote for $1.31 bln acquisition of Clementia

BDC Capital's Healthcare Venture Fund and New Enterprises Associates (NEA) have agreed to vote in favour of Ipsen's acquisition of Clementia Pharmaceuticals (Nasdaq: CMTA). Last month, France's Ipsen agreed to acquire Clementia, a Montréal-based developer of treatments for ultra-rare bone disorders and other diseases, for US$1.31 billion ($1.72 billion). BDC and NEA, which respectively own about 14 percent and 7.1 percent of Clementia's issued and outstanding shares, join OrbiMed Advisors and other investors that have already indicated approval of the deal. These shareholders together hold a 51.7 percent interest in the company.

Venture-backed PointClickCare acquires QuickMAR

PointClickCare Technologies has acquired QuickMAR, an Eagle, Idaho-based medication management software company. No financial terms were disclosed. PointClickCare, a Toronto-based cloud software platform for the long-term post-acute-care and senior living sectors, said the deal expands its health and wellness portfolio and provides customers with more medication management solutions. Last year, PointClickCare raised $187 million (US$146 million) from U.S. growth equity firm Dragoneer Investment Group, which acquired shares from other existing investors. The company is also backed by U.S. growth equity firm JMI Equity.

StrongBlock picks up $4 mln seed

StrongBlock, a blockchain startup, has secured $4 million in seed funding. The investors included Pangea Blockchain Fund and Copernicus Asset Management SA.

Former Venrock partner Hove to raise Acorn Bioventures fund

Acorn Bioventures has set out to raise a venture-capital fund, according to a filing with the SEC.

TGV appoints Rodale to advisory board

Treehouse Global Ventures has named Maria Rodale to its advisory board. Rodale is a former chair and CEO of Rodale Inc, the health and wellness lifestyle media company.

Juniper Networks to buy VC-backed Mist for $405 mln

Juniper Networks has agreed to acquire Mist Systems for $405 million. Based in Cupertino, California, Mist is a maker of a self-learning wireless network powered by artificial intelligence. Mist's backers included Kleiner Perkins, Lightspeed Venture Partners, Norwest Venture Partners, GV, NTT Docomo Ventures and Dimension Data.

Pacira to acquire VC-backed MyoScience

Pacira Pharmaceuticals Inc has agreed to acquire MyoScience, a medical tech company. Pacira will make an initial payment of $120 million with an additional $100 million contingent upon the fulfillment of certain milestones. MyoScience's backers include Accuitive Medical Ventures, American Equities Overseas, DeNovo Ventures, Nexus Medical Partners, Valiance and Sobera Capital.

Blood collection startup Tasso nets $6.1 mln

Seattle-based Tasso Inc, a blood collection startup, has raised $6.1 million in financing. Vertical Venture Partners led the round with participation from Techstars and Cedars-Sinai.

Sageview Capital leads Series D round for Pantheon

Pantheon, a website operations platform for agile marketers, has secured $40 million in Series D financing. Sageview Capital led the round with participation from return backers Foundry Group, Scale Venture Partners and Industry Ventures. In addition to the funding, Ned Gilhuly, co-founder and managing partner of Sageview Capital, will join the Pantheon's board of directors.

Arthur Ventures collects almost $7 mln for fund

Arthur Ventures has raised almost $7 million for its 2017 opportunity fund, according to an SEC filing. The target is $20 million. Arthur Ventures invests in early-stage B2B software companies located outside Silicon Valley.