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VCs launch into new space: VCJ

Welcome to the era of “New Space,” where a small, but growing number of emerging hardware companies – many venture backed – are starting to take over the reins of space exploration as Washington, D.C., and other government agencies worldwide, shift the financial burden to private enterprise, affiliate magazine Venture Capital Journal reports.

Visterra closes Series A

Visterra, a developer of novel therapeutics to prevent and treat major infectious diseases, has secured $8.1 million in the final closing of its Series A financing round. This financing brings the total proceeds received to date from Series A to $34.2 million. Existing investors – Polaris Venture Partners, Flagship Ventures, Lux Capital, the Bill & Melinda Gates Foundation and Omega Funds – participated in the financing, as well as members of management and employees.

Siluria Technologies Appoints to Board

Siluria Technologies has appointed Karl Kurz to the company’s board of directors. Siluria is a company that converts natural gas into chemicals and fuels. It is backed by ARCH Venture Partners, The Wellcome Trust, Alloy Ventures, Kleiner Perkins Caufield & Byers, Bright Capital, Altitude Life Science Ventures, Lux Capital and Vulcan Capital.

Kymeta Closes $50m Series C

Kymeta Corporation has closed a $50 million Series C financing to accelerate the company’s growth plans. Kymeta designs and manufactures satellite communication antennas and systems. Existing Kymeta investors including Bill Gates, Lux Capital and Liberty Global were joined in the financing by Osage University Partners and The Kresge Foundation.

Lux Capital Closes Third Fund At $245M

Lux Capital said it has raised a third fund of $245 million, a step up from its second fund of about $100 million. The firm said the new fund was oversubscribed and exceeded its initial $200 million target.

Intellectual Ventures Spin-Out Kymeta Secures $12m

Intellectual Ventures‘ spin-out company, Kymeta, has closed a $12 million funding round to develop and bring to market Intellectual Ventures’ Metamaterials Surface Antenna Technology. The venture is backed by investments from Bill Gates, Liberty Global and Lux Capital. PRESS RELEASE Intellectual Ventures (IV), the leader in the business of invention, announced today that its newest […]

Kurion Names Chairman

Kurion, a nuclear and hazardous waste management business has named Ralph DiSibio as chairman of the board. Former chairman, Josh Wolfe, co-founder of Kurion and founding partner and managing director at Lux Capital, will remain a director for the company. PRESS RELEASE Kurion, Inc., an innovator in nuclear and hazardous waste management, announced today that […]

Kindler Joins Lux Capital

Jeff Kindler, the former Chairman and CEO of Pfizer, has joined Lux Capital as a venture partner. Kindler will help identify new healthcare investment opportunities and work with Lux portfolio companies. PRESS RELEASE Lux Capital, a leading venture capital firm, today announced that former Pfizer Chairman and CEO Jeff Kindler joined the firm as a […]

Two-Year-Old Gridco Raises $8M More

Gridco Inc., a smart grid power management startup founded by Naimish Patel, founder of publicly traded Sycamore Networksm has raised $8 million in funding from investors, according to an SEC filing that appeared early yesterday. Patel is listed as president of Gridco. Among those listed as Gridco’s directors are Ric Fulop, a partner at North […]

Cerulean Pharma Closes Series D

Cerulean Pharma, a developer of nanopharmaceuticals, has closed a $15 million Series D financing with participation from new investor, CVF, an affiliate of Henry Crown and Company of Chicago, Illinois, as well as full participation from all other existing investors, including Polaris Venture Partners, Venrock, Lilly Ventures, Lux Capital, and Bessemer Venture Partners. Cerulean’s offices […]

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