VC-backed JenaValve Technology hires CEO

JenaValve Technology said Monday that it has named David J. Drachman as CEO. The appointment is effective immediately. Drachman is the former president and CEO of AtriCure. Based in Munich, Germany and Irvine, Calif., JenaValve Technology is a provider of transcatheter aortic valve implantation systems that treat aortic valve disease. Its backers include Atlas Venture, Edmond de Rothschild Investment Partners, GIMV, NeoMed Management, Legend Capital, VI Partners, Sunstone Capital, Omega Funds, Biovest and Valiance Advisors.

JenaValve Technology snags $10 mln Series C funds

JenaValve Technology has closed $10 million in Series C funding. Investors included Valiance Asset Management, RMM, Edmond de Rothschild Investment Partners, Atlas Venture Fund, NeoMed Management, Legend Capital and Omega Funds. Based in Munich, Germany, JenaValve Technology is a provider of transcatheter aortic valve implantation systems to treat patients suffering from aortic valve disease.

Axonics Modulation Technologies nabs $32.6 mln Series A funds

Axonics Modulation Technologies has closed $32.6 million in Series A financing. Edmond de Rothschild Investment Partners led the round with participation from NeoMed Management, Legend Capital and various private investors. In conjunction with the funding, Raphaël Wisniewski of EdRIP, Erik Amble of NeoMed and Darren Cai of Legend have been added to Axonics’ board of directors. Based in Irvine, Calif., Axonics Modulation Technologies is a maker of novel implantable neuromodulation technology.

Slideshow: Bring on the 2012 IPO Candidates

The market for venture-backed IPOs has been pretty dead so far this year. But based on new filing activity, it looks like there’s some optimism things will improve. At least six venture-backed companies have filed to go public since the start of the year, in sectors ranging from enterprise software to semiconductors to car rentals. […]

Happy Elements Seals $30M

Chinese social gaming company Happy Elements has closed a $30 million Series B round led by Legend Capital with participation from existing investor DCM. The money will be used to expand into new markets, and to launch several new smartphone games in the next year. Two-year-old Happy Elements has roughly 300 employees and is based in Beijing.

Pharmaron Closes $40M Series C

Pharmaron Holding Limited has closed a $40 million Series C round. Existing investors DCM and Legend Capital joined new investor GL Capital Group in the round, which will be used to expand the company’s drug discovery services, toxicology capabilities and chemical synthesis services. Pharmaron was formed in 2003, and provides research and development services to the biotech and pharmaceutical industries.

Bonovo Orthopedics Inks $10M Series C

U.S. and China-based Bonovo Orthopedics has raised $10 million in a Series C financing led by OrbiMed Asia Partners. The round, which includes participation from Beijing-based Legend Capital, brings the company’s total financing to $16.5 million. Bonovo will use the money to expand its sales and continue product development. Formed in 2008, Bonovo manufactures implants and other orthopedic products for the Chinese healthcare market.

Venture-backed Oak Pacific Interactive Mulls IPO

Chinese social networking company Oak Pacific Interactive, which has raised more than $430 million in venture capital, is considering an initial public offering in the United States, Reuters reported. The company hired Credit Suisse Group and Deutsche Bank to underwrite its IPO slated for the first half of next year, Reuters said. Oak Pacific Interactive is backed by Technology Crossover Ventures, Accel Partners, Legend Capital, Softbank, Joho Capital, General Atlantic and Doll Capital Management.

Legend Capital Aims to raise $500M in New Funds

China-focused Legend Capital is planning to raise at least $500 million across two new funds next year: a 1 billion ($150 million) yuan-denominated fund and a $350 million U.S. dollar fund, Reuters reported. The new funds will look for deals that would benefit from government support, in sectors including telecommunications, green energy and pharmaceuticals, Reuters said.

Virtuos Buys Besides Sound Production

Virtuos, a Beijing-based provider of videogame production services, has acquired Besides Sound Production, a Shanghai-based provider of audio production for videogames. No financial terms were disclosed. Virtuos is sponsored by Legend Capital.

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