Private Equity
Nextreme Thermal Solutions hired John Goehrke as chief executive officer. Goehrke brings more than 25 years of sales, marketing, and general management experience to Nextreme. He most recently served as CEO at siXis Inc. Nextreme is a Durham, N.C.-based provider of microscale thermal and power management products for the electronics industry. It is backed by various VC firms including Redshift Ventures, Chart Venture Partners, Itochu Technology Ventures Inc. and Harris & Harris Group Inc.
2 min read · 12 October 2010
Synosia Therapeutics raised $30M in a Series C financing round. UCB was a new investors in the Switzerland-based biotherapeutics company that is focused on neurology and psychiatry. It invested $20 million. Existing investors Versant Ventures, 5Am Ventures, Novo A/S, Aravis Venture, Investor Growth Capital and Swiss Helvetia Fund invested the other $10 million. UCB’s President of North American Operations Greg Duncan and Executive Vice President of Drug Discovery and President of UCB New Medicines Ismail Kola will serve as Synosia directors.
2 min read · 12 October 2010
Ernie Richardson, a partner at venture capital firm MTI Partners, has resigned from the board of Sarantel Group, a manufacturer or antennas for mobile and wireless devices. Richardson joined the board in 2006.
1 min read · 11 October 2010
Greylock Partners named Josh Silverman as an executive in residence. The Menlo Park, Calif.-based venture capital firm said Silverman is a serial entrepreneur and Skype’s former chief executive officer.
3 min read · 08 October 2010
Protean Holdings Corp. hired Bob Purcell as chairman and chief executive. Purcell was most recently a board member and strategic adviser to the developer of in-wheel electric drive systems. He previously worked at General Motors Corp. on the GM EV-1 electric vehicle. Purcell left GM in 2008. Oak Investment Partners of Westport, Conn., is an investor in Protean Holdings.
4 min read · 06 October 2010
Swedish nanowire LED developer GLO AB has raised SEK 170 million ($25 million) in investment, with new investor Wellington Partners leading the round, and with return investors including VantagePoint Venture Partners of San Bruno, California, Provider Venture Partners (Stockholm), Hafslund Venture, Agder Energi Venture, Teknoinvest (Oslo) , LU Innovation, and LUAB the investment arm of Lund University in Sweden. Fariba Danesh has also been named as GLO AB’s new CEO.
6 min read · 04 October 2010
Institutional Venture Partners promoted Melanie Chladek to the position of Administrative Partner and Chief Financial Officer. She will be responsible for managing the firm's financial, operational and administrative activities at the later-stage venture capital and growth equity firms. The Menlo Park ,Calif.-based company said Chladek was instrumental in the closing its $750 million Institutional Venture Partners XIII in August.
2 min read · 21 September 2010
SVTC Technologies LLC, a San Jose, Calif.-based commercialization service provider, named Ajit Manocha to its board. Mr. Manocha was Spansion Inc.’s executive vice president of worldwide operations and a member of the executive management board. SVTC's investors include Oak Hill Capital Partners and Tallwood Venture Capital.
2 min read · 20 September 2010
Crosslink Capital hired Eric Chin as a partner. Chin will focus on Internet, software and technology startups, investing in early stage and later stage companies. He previously worked as a general partner at Bay Partners. Crosslink Capital has more than $1.5 billion in capital under management.
2 min read · 16 September 2010
Grid2Home, developer of Smart Energy G2H-SE2 Software, completed a round of seed funding. The financing was led by Granite Ventures. Grid2Home plans to use the capital to customize its G2H-SE2 software for multiple platforms and to expand its business across the Smart Grid HAN ecosystem. Grid2Home Doug Rasor as chairman and Rick Kornfeld as president and CEO.
3 min read · 15 September 2010
