Alverix acquired by BD

New Venture Partners has announced the acquisition of Alverix by BD. The business designs, develops and manufactures handheld diagnostic test instruments for companies to be paired with rapid medical diagnostic tests for point-of-care applications in the ER, doctor’s office, retail clinic and other near patient sites.

Brisbane Materials Closes Round Led By Southern Cross Venture Partners

Specialty materials business Brisbane Materials has closed its AUD$5,000,000 Series A funding round. The round was led by Southern Cross Venture Partners and included New Venture Partners as co-investor. PRESS RELEASE Brisbane Materials, a specialty materials company, today announced that the company has closed its AUD$5,000,000 Series A funding round. The round was led by […]

Novinda Inks $6M Series C

Novinda Corp., a Denver-based developer of environmental technologies for the power utility industry, has inked $6 million in Series C financing. New Venture Partners and Altira Group provided the financing, bringing the firms’ combined investment to $12 million, Novinda said. The money will help with the launch of a non-carbon reagent for mercury emission control […]

GainSpan Raises Series C

GainSpan(R) Corporation, a developer of ultra-low power embedded Wi-Fi solutions, has raised $18 million in Series C funding. Hatteras Funds, based in New York and North Carolina, and Mobile Internet Capital, based in Japan, joined the round with existing investors Opus Capital, In-Q-Tel, Intel Capital, New Venture Partners, Sigma Partners and Camp Ventures. GainSpan will […]

Intelleflex Adds $9M in VC

Santa Clara, Calif.-based Intelleflex has raised $9 million in what it says is an extension to its Series A round. Investors include Third Point Ventures, Arcapita Ventures, New Venture Partners and the Woodside Fund. The company, which develops on-demand data visibility, will use the money to expand in the fresh produce and pharmaceutical cold chain as well as the asset tracking and personnel monitoring markets, the company said in a release. Rob Schwartz, managing partner at Third Point Ventures, will join the Intelleflex board.

Contour, New Venture Partners Invest in TimeSight

Mt. Laurel, New Jersey-based TimeSight Systems, a developer of video lifecycle management technology, have closed on an undisclosed amount of financing from New York-based Contour Venture Partners and New Venture Partners. The money will help TimeSight fund development of its next-generation video surveillance systems.

Intel Buys VC-backed Silicon Hive

Intel Corp. has acquired Silicon Hive, a developer of processing technology for semiconductor systems-on-chip. The company was spun out of Philips Electronics in 2007, and backed by venture capital investors New Venture Partners and TVM Capital. Financial terms of the deal were not released. New Venture Partners led the Series A investment in Silicon Hive with participation from TVM Capital.

BLiNQ Nets $7.4M Series A

BLiNQ Networks has secured $7.4 million in funding from New Venture Partners, Summerhill Venture Partners and the Business Development Bank of Canada. The company will welcome New Venture Partners’ Dan Deeney and Summerhill’s Joe Catalfamo onto its board of directors as part of the deal.

Intelleflex Inks $11.5M Series A Round

Intelleflex, which develops on-demand data visibility software, has raised $11.5 million in an extension to its Series A round. Existing investors Arcapita Ventures and New Venture Partners participated in the round. Intelleflex is based in Santa Clara, Calif., and will use the new financing to expand its sales and marketing and develop strategic partnerships.

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