Aratana Therapeutics Inks $15M

Aratana Therapeutics, a company developing medicines for companion animals, has closed on $15 million in Series B financing. The company, since its launch earlier this year, has raised a total of $31 million. Existing shareholders MPM Capital, Avalon Ventures and Cultivian Ventures contributed to the round, as did new investor the Ewing Marion Kauffman Foundation. The company is based in Kansas City, Kansas.

Standing Cloud Seals $3M from Foundry, Avalon

Standing Cloud, a provider of cloud application management services, has raised $3 million from existing investors Foundry Group and Avalon Ventures. The company has raised a total of $8 million. The company will use the infusion for development, among other efforts. Founded in 2009, Standing Cloud is based in Boulder, Colo.

Panmira Gets New CEO

Panmira Pharmaceuticals has appointed Hari Kumar as chief executive officer. Panmira was spun out of Amira Pharmaceuticals prior to Amira’s acquisition by Bristol-Myers Squibb. Investors include Dr. Brad Bolzon (Versant Ventures), Mr. Kevin Kinsella (Avalon Ventures), Dr. David Schnell (Prospect Venture Partners) and Dr. Heath Lukatch (Novo A/S).

TwinStrata Raises $8 Million in Series B Funding

TwinStrata, a cloud-based data storage provider based in Natick, Mass., has raised an $8 million Series B round led by Avalon Ventures. The company has not disclosed any other investors in the company. PRESS RELEASE: TwinStrata, Inc., the leading innovator of cloud-based data storage, backup and disaster recovery solutions, today announced that it has closed […]

Right Side Capital’s Plan For Low Touch, High Volume Online Seed Investing

Right Side Capital Management is pushing ahead with a pioneering plan for no-pitch, high-volume angel and seed investing. The San Francisco firm intends to begin investing as early as the end of this year and late last month joined a syndicate of firms providing $24 million in funding to TechStars startups. The plan is to […]

Backupify Secures $5M Series B

Cambridge, Mass.-based Backupify has closed on $5 million in a Series B round led by Avalon Ventures. The company provides data protection and management services for cloud-based applications. General Catalyst and Lowercase Capital also contributed to the round, bringing the company’s total financing to date to $10.4 million.

Nanigans Seals $3M Series A

Nanigans Inc., the maker of a real-time bidding platform for the Facebook ads marketplace, has closed on $3 million from Avalon Ventures and Boston-based angel investors. The Series A round will help the company expand its staff, and continue developing its Ad Engine platform. Rich Levandov, managing director at Avalon Ventures, joins the company’s board.

Slideshow: Early Stage Funds Dominate CalPERS’ Top 10 Venture Funds

We at peHUB dissected CalPERS’ venture portfolio from a variety of angles over the past few weeks. We looked at brand-name funds and their results. We zeroed in on the pension fund’s most recent investments and the rising tide of interest it showed for venture in the middle of the past decade as economic conditions […]

Bristol-Myers Squibb Buys VC-backed Amira Pharma

Bristol-Myers Squibb Co. will acquire privately held Amira Pharmaceuticals in an all-cash transaction worth up to $475 million. The deal includes $325 million upfront, with potential additional milestone payments totaling $150 million, the companies announced Thursday. Amira Pharmaceuticals was backed by investors including Novo A/S, Avalon Ventures, Prospect Venture Partners and Versant Ventures.

Top 10 Blog Posts this Week focus on CalPERS CIO’s Comp, How Avalon Got into the Zynga Deal and a Bunch of Early Stage Funds Being Raised

Want to catch up on the blog posts that your peers found most interesting on peHUB this week? Here are the top 10 posts written by peHUB and Reuters staffers that garnered the most pageviews from regular readers from July 4 to July 8. Hot topics included CalPERS’s Chief Investment Officer Joe Dear’s compensation, how little-known Avalon Ventures got into the Zynga deal, a wave of new early stage funds being raised, Silver Spring filing for an IPO and lots more.

1. Dear Joe Dear: What Do You Make at CalPERS?, by Gregory Roth
2. Avalon Ventures: the Low-Flying Firm About to Make a Billion Bucks on Zynga’s IPO, by Connie Loizos
3. Report Finds 127 Early Stage Funds Now Being Raised, by Mark Boslet
4. Solamere Exec Helps Lead Romney Fundraising Effort, by Bernard Vaughan
5. Silver Spring Networks files for IPO of up to $150M, by Reuters
6. Aussie Contact Helps NY Firm Flip Company In One Day, by Bernard Vaughan
7. TALK BACK: What’s Going on in China?, by Jonathan Marino
8. Carlyle in Talks to Buy Energy Capital Partners, by Reuters
9. Fears Of SEC Registration Disappear, But Venture Firms May Face New Record Keeping Demands (subscription required), by Mark Boslet
10. Truly Quick: True Ventures Nears Final Close on $200M Fund, by Jonathan Marino

Avalon Ventures: the Low-Flying Firm About to Make a Billion Bucks on Zynga’s IPO

You may have been as surprised as me when reading through the list of investors on Zynga’s recently released S-1. Let’s see: there’s Union Square Ventures, Foundry Group, Digital Sky Technologies…and Avalon Ventures? In many ways, 28-year-old Avalon is the antithesis of big-name venture investors like Digital Sky Technologies that burst onto the scene two […]

Slideshow: Who Are Zynga’s Biggest Shareholders?

Zynga registered with the SEC for its highly anticipated IPO today, finally offering a look inside the social gaming powerhouse. We now know the answers to some burning questions, such as whether it is profitable (yes, it posted net income of about $90 million last year). For most of us, the most intriguing question has […]

Slideshow: A Look at CalPERS’s Top-Performing Funds

The California Public Employees’ Retirement System is, as everybody knows, the nation’s largest public pension fund with $233.6 billion of assets as of March 31 (the latest figure available, reported today). It also has one of the industry’s largest portfolios of private equity investments; its $33.2 billion Alternative Investment Management program represents 14.2% of its total assets.

We thought it would be interesting to find some of the system’s top-ranking funds, which it reports on its Web site. The list that follows is current through Sept. 30. Sponsors report mark-to-market values on their portfolios quarterly, and they have 120 days to provide the information to their investors, so there is a two-quarter lag before CalPERS reports individual fund performance to the public.

This slide show is a countdown, presented ranked by investment multiple. (As a point of comparison, when sister publication Buyouts Magazine did its annual ranking of fund performance last fall, based on reports from multiple sponsors, we found that it required a 2.0 investment multiple to crack the top quartile.) We had one tie, at No. 8. There we ranked T3 Partners II LP higher than CVC European Equity Partners III LP because of its larger IRR.

2 Comments

peHUB Funding Opps: Afraxis, Brazen Careerist, GutCheck, More

peHUB readers tell me they’d like to learn more about potential funding opportunities that might not yet be in their deal pipeline. With that in mind, we’ve put together a list of companies that are still in the market, based on SEC filings and our own reporting.

Know about other companies that should be on this list? Let me know at jonathan.marino@thomsonreuters.com. And if you’re on this list and have raised money since your last SEC filing, please shoot me an email so I can update readers.

Below this list, you’ll find another section about companies that have concluded their fundraising efforts…

Kaltura Scores $20 Million in New Funding

Kaltura, a New York-based open-source online video platform, has raised a $20 million round in financing led by new investors Nexus Venture Partners and Intel Capital, and existing investors .406 Ventures, Avalon Ventures, and Silicon Valley Bank. The company has raised $23.1 million since its 2006 founding. PRESS RELEASE: Kaltura, developer of the first and only […]

Avalon Ventures Closes Fund IX At $200M

Avalon Ventures of La Jolla, Calif., closed capital commitments of $200 million for its ninth and largest fund, Avalon Ventures IX LP. Fund IX was more than 33 percent oversubscribed compared to the original target of $150 million and virtually all institutional investors in the two preceding Avalon funds committed to the investment vehicle. Avalon Ventures plans to use the fund to continue making investments in early-stage, high tech / digital media and life science companies.

Aratana Inks $20M For Animal Health

Kansas City-based Aratana Therapeutics has raised $20 million in a Series A round led by MPM Capital and San Diego-based Avalon Ventures. Newly formed Aratana aims to adapt advances in human biopharmaceutical technology for animals care. MPM Capital has offices in Boston and San Francisco.

From the Filings…

Guilford, Conn.-based online advertising start-up uKnow has raised roughly half of a planned $1 million funding round, according to a filing with the SEC. Angel investor Geoff Judge, who is also a partner with iNovia Capital, is listed among the company’s directors. Pittsburgh-based Neograft has raised $3 million according to an SEC filing. Neograft develops […]

PEHUB Community

Join the 12502 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Create your free online surveys with SurveyMonkey , the world's leading questionnaire tool.

Look Who’s Tweeting

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

PE HUB News Briefs

RSS Feed Widget

Marketplace

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget