PARAMUS, N.J. — Synaptic Pharmaceutical Corporation (Nasdaq: SNAP) today announced that it will raise up to $41.0 million in a two-stage private financing led by Warburg Pincus. In the first stage of the convertible preferred stock offering that is expected to close later today, the Company will receive $9.4 million. In the second stage, which […]
RESEARCH TRIANGLE PARK, NC — A. M. Pappas & Associates today announced the promotion of Eric W. Linsley to Executive Vice President, Asset Management.
NEW YORK — Patricof & Co. Ventures Inc., as the lead for a syndicate of venture capital firms, announced today an agreement to purchase drug-discovery company, Affymax Research Institute, from GlaxoSmithKline (GSK). The company will be called Affymax, Inc. Under the terms of the purchase, which are subject to a definitive agreement, Patricof & Co. […]
NEW YORK — Warburg Pincus announced today that it completed the first closing of Warburg Pincus Private Equity VIII LP. An aggregate $2.8 billion was committed. The fund, which was launched in March, is expected to eventually close at its $5 billion target capitalization. NEW YORK — ExchangeLab, a leading creator of financial services software […]
NEW YORK — RxCentric Inc., a leading provider of physician relationship management solutions to the pharmaceutical industry, today announced that it has closed $5 million in a Series C financing from existing investors bringing the total capital invested in the company to $21 million. The new funds come amidst solid revenue growth from leading pharmaceutical […]
MILPITAS, CA — Velio Communications, a leader in high bandwidth communications semiconductors, today announced its third round of funding, raising $45 million and bringing the total investment in the company to $95 million. This round is led by Redpoint Ventures. Other investors in this round are Sequoia Capital, Institutional Venture Partners, Global Catalyst Partners, Capital […]
PORTLAND, OR — Fios, the premier provider of electronic discovery, antitrust review, and merger and acquisition due diligence services to law firms and government agencies, announced it has raised $10.1 million in a second round of institutional funding. The international mix of investors was led by Fluke Venture Partners (FVP) and included 3i; Banyan Capital […]
CAMBRIDGE, MA — MPM Capital announced today that it co-led the founding investment in Critical Therapeutics, Inc., a startup biotechnology company focused on the development of therapeutic products for critical care medicine (e.g. acute inflammation, trauma etc). The $10 million Series A financing was co-led with HealthCare Ventures, a leading venture capital firm focused on […]
PALO ALTO, CA — Garage Technology Ventures, formerly Garage.com, announced the approval by California Public Employees Retirement System (“CalPERS”) of Garage Technology Venture’s proposal to manage the Garage California Entrepreneurs’ Fund, a $10 million venture fund in which CalPERS will be the exclusive Limited Partner, as part of CalPERS’ California Initiative Program. It also closed […]
SAN RAFAEL, CA — Scene7, a leading provider of dynamic imaging software for the Internet, kiosks and print, today announced the completion of an $11.3 million Series B financing round. Moore Capital Management, a leading investment firm with a focus on emerging technology, led the round. Additional new investors include Xcelera Inc., a leading European […]