Regent Education attracts $9 mln funding

Regent Education, a provider of financial aid management and enrollment software solutions for higher education institutions, has secured a $9 million round of funding. New Markets Venture Partners joined current lead investor Chrysalis Ventures in the investment syndicate.

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Regent Education nets $9 mln

Regent Education said Monday that it has closed $9 million in funding. The investors were New Markets Venture Partners, Chrysalis Ventures and Ares Capital Corp. Based in Frederick, Maryland, Regent Education is a provider of financial aid management software solutions for higher education institutions.

Chrysalis Ventures-backed Nextimage completes WorkWell acquisition

NextImage Medical, a portfolio company of Chrysalis Ventures, said Tuesday that it has completed its acquisition of WorkWell. No financial terms were disclosed. The company has also named Liz Griggs, the chairman and CEO of Nextimage, as CEO of the combined company. Based in Duluth, Minnesota, WorkWell is a provider of soft tissue injury prevention and treatment solutions.

MyHealthDIRECT Appoints Board Member Cox as CEO

MyHealthDIRECT has appointed Tom Cox, a current MyHealthDIRECT board member, to the role of Chief Executive Officer, effective August 1, 2012. Cox will replace MyHealthDIRECT founder Jay Mason, who will remain with the company and continue to serve as a board member. MyHealthDIRECT is backed by Arboretum Ventures and Chrysalis Ventures. PRESS RELEASE MyHealthDIRECT, the […]

StraighterLine Raises $10m Financing

Education services provider StraighterLine has completed a $10 million financing. Led by FirstMark Capital, the financing will help accelerate StraighterLine’s reach to colleges, employers and students. City Light Capital also contributed to the financing. Return investors include Louisville-based Chrysalis Ventures. PRESS RELEASE StraighterLine (StraighterLine.com) announced today that it completed a $10 million financing. Led by […]

XLerant Closes $3 Million Series B

XLerant, a provider of budget preparation software for mid-sized and large organizations, has closed a $3 million Series B round of financing. Chrysalis Ventures led the round alongside existing investors including Connecticut Innovations. Chrysalis principal Wright Steenrod will join XLerant’s board of directors. PRESS RELEASE XLerant, Inc., a provider of budget preparation software for mid-sized […]

Stress Management Startup meQuilibrium Inks $2.3M

meQuilibrium, a company creating online stress-management tools, has raised $2.3 million from Chrysalis Ventures, RIME Communications Capital and undisclosed individuals. The company’s online platform includes a stress tracker app that allows consumers to monitor and manage their stress. Chrysalis Principal Wright Steenrod joined the company’s board as a result of the round.

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Intervention Insights Closes $7.2M

Grand Rapids, Mich.-based Intervention Insights has closed on $7.2 million in Series B financing. Michigan venture investor Beringea and Louisville, Ky.-based Chrysalis Ventures co-led the round, which also included funding from Hopen Life Sciences, Michigan Accelerator Fund I. The company, a healthcare information technology start-up, will use the money to expand commercialization of its platform, designed to help community oncologists develop individualized patient treatment plans.

HealthTeacher Lands $5.27 Series C Led by Chrysalis Ventures

HealthTeacher, a Nashville-based startup that provides online health and wellness information to children and teenagers, has closed a $5.27 million Series C led by Chrysalis Ventures, with new investor SSM Partners participating in the round. Rounding out the financing are HealthTeacher board members Ted Dacko, Gary Facent, and John Vice. HealthTeacher CEO Scott McQuigg also […]

Chrysalis Ventures Brings Aboard Roy Ziegler as Venture Partner

The Louisville, Kentucky-based venture firm Chrysalis Ventures has brought aboard Roy Ziegler as a venture partner. Ziegler was most recently operating partner with San Francisco-based Health Evolution Partners where he was focused on late-stage healthcare companies. Prior, Ziegler — who will be based in San Francisco – was as venture partner at Partech International. PRESS RELEASE: […]

Digitalsmiths Inks $12.5M Series C

Durham, N.C.-based Digitalsmiths has closed on $12.5 million in Series C financing. Technicolor led the round; all existing investors including .406 Ventures, Aurora Funds, Chrysalis Ventures, Capitol Broadcasting and Cisco also participated. Digitalsmiths develops video search and discovery products. Prior to the Series C round, Digitalsmiths had raised roughly $22 million in venture financing.

MyHealthDIRECT Seals $4M Series B

MyHealthDIRECT, a web-based system that allows patients to schedule healthcare appointments, has closed its Series B investment round with $4 million. Ann Arbor, Mich.-based Arboretum Ventures and Louisville, Kentucky-based Chrysalis Ventures provided the funding, which will be used to expand sales, client services and technical resources, the company said.

Chrysalis-backed Connecture Buys Insurix

Venture-funded Connecture has acquired Insurix, a provider of sales automation software to health insurance carriers and brokers. Financial terms of the deal were not released. Connecture is a provider of integrated Web-based sales, service and process automation solutions to the health insurance industry. The company is backed by investors including Chrysalis Ventures, SSM Ventures, Live Oak Equity Partners, Total Technology Ventures and Encubate Technology Ventures.

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VCs’ Healthcare Tendencies—Toward Devices, Away from Services

Healthcare has always been an area of focus in venture capital. In particular, over the last several years, healthcare IT has received a lot of public attention. The recent J.P. Morgan Healthcare Conference in San Francisco – focusing on public companies – offers a timely snapshot to compare the healthcare interests of public markets versus […]

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Midwest Predicted To Be Fastest Growing Venture Market In 2011

One surprise investment story of 2010 has been the rebound in Midwest venture. Some expect 2011 to be better. Many regions of the country still struggle to top weakened 2009 investment totals, Silicon Valley included. But Midwest venture, known for its health care focus and now its fledgling commitment to cleantech, passed the mark with […]

Internet Leaders Predicted to Leave Rivals in Dust in 2011

Next year is the year when social media becomes a real business. That’s not to say companies such as Facebook and Groupon aren’t making real money now. Estimates suggest Facebook’s revenue is north of $1 billion this year and Groupon could be reeling in $500 million in sales each quarter. But there is more to […]

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Time for Entrepreneurs and VCs to Disrupt Health Care

There’s been much discussion of late about health care, including the worsening state of Americans’ health on an individual level, and the effects of recent health care reform. I think these changes create great opportunities for entrepreneurs and their investors in two areas: working to make our medical institutions better, and working outside of them […]

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