AppNexus Appoints Two New Board Members

AppNexus has appointed two new board members Brian McAndrews, former CEO of aQuantive and Edwin J. Gillis, former executive advisor to Skype. McAndrews is a venture partner with the Madrona Venture Group and is also on the boards of portfolio company AdReady, The New York Times Company, Clearwire Corporation, Fisher Communications and Seamless.

GlassHouse Technologies Pulls IPO Plans

GlassHouse Technologies, a provider of cloud, virtualization, security and data center managed services, has pulled plans for an initial public offering, the company announced Tuesday. GlassHouse, which has raised money from investors including Sigma Partners, Kodiak Venture Partners, GrandBanks Capital, Globespan Capital Partners and Paladin Capital Group, cited volatile market conditions as the reason for nixing its IPO plans.

Allegro Diagnostics Closes on $5.4M

Allegro Diagnostics, a Maynard, Mass.-based developer of molecular testing platforms, has raised $5.4 million in Series A extension financing. Existing shareholders Kodiak Venture Partners and Catalyst Health Ventures participated in the round. The round will help the company support the commercialization of its lead genomic test, designed to detect early signs of lung cancer. Lands $41M in VC

Flash sale website has closed on whopping $41 million from a slew of venture investors including Next World Capital, Cue Ball Capital, StarVest Partners, Constellation Growth Capital and Kodiak Venture Partners, Reuters reported. The money will help offer shoppers more brands and improve its technology, Reuters said. The company previously raised upwards of $24 million across two earlier rounds.

Slideshow: Top 10 VC-Backed Acquisitions for Q1

Acquisitions of venture-backed companies appear to be continuing at a decent pace, with the announcement yesterday that eBay has agreed to buy VC-backed mobile ad startup Where Inc. Given that the purchase price wasn’t disclosed, it’s unclear how Where’s backers will fare on the deal. The Boston-based company raised a total of $16.1 million over […]

EBay Will Buy Ad Company Where

NEW YORK, April 20 (Reuters) – EBay Inc. said it would buy Where, a company that delivers local advertising to mobile phones, in its latest push to allow more retailers to do business with customers through its services. The deal marks an exit for GrandBanks Capital and Kodiak Venture Partners, which bought into Where’s parent, […]

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