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Alta Partners has invested $25 million in drug developer Anesiva Inc. (Nasdaq: ANSV) as part of a common stock offering. Anesiva, a South San Francisco-based company, has priced a stock offering of 11.1 million shares at $4.05 each. The company expects proceeds of about $42.9 million after underwriting discounts and commissions, or up to $47.7 […]
Edison Venture Fund has invested $5 million in Inmagic. Edison Venture Fund, a Lawrenceville, N.J.-based company, is the sole institutional investor. Inmagic is a Woburn, Mass.-based company that facilitates collaboration and social interactions for communities within and outside organizations. Joe Allegra, an Edison Venture Fund general partner, will serve on Inmagic's board of directors. www.edisonventure.com
GroSolar, a national solar energy firm, has secured $10 million in Series B financing. NGP Energy Technology Partners LP led the investment round. The original investors, SJF Ventures, Calvert Social Funds, and Allco Financial Group, participated in this latest round of funding. www.groSolar.com
Validity Sensors Inc., a San Jose, Calif.-based company, has raised $20 million in Series B-1 backing, VentureWire reported. Prior investor Crosslink Capital led the round and was joined by Telesoft Partners; strategic investor Qualcomm Ventures also participated in the round. Michael Stark of Crosslink Capital joined the company board. Validity has raised a total of […]
Validus DC Systems, a Brookfield, Conn.-based provider of integrated DC power infrastructure for datacenters and telecommunication facilities, has closed $10 million in a first round of venture funding led by Oak Hill Venture Partners. www.validusdc.com
Forward Ventures has joined the financing syndicate for Altair Therapeutics Inc., a new venture capital-funded biotechnology company created to focus on the discovery, development and commercialization of drugs to treat asthma and other respiratory conditions. www.altairtherapeutics.com
SouFun Holding, a property Web site in China, plans to raise about $500 million from an initial public offering. South China Morning Post reported that Hong Kong or New York would be the likely listing market. A spokesman for the Beijing-based company would not comment. In November, Australian telecommunication company Telstra Corp. said it planned […]
Merrion Pharmaceutical has postponed the U.S. leg of its initial public offering following the squeeze in capital markets that is due to the credit crunch, but the drug company went ahead with its 2 million share placement on Dublin's IEX.  According to Irish Independent, Merrion's shares were priced at
China Pacific Insurance (Group) Co., an underwriter of life insurance policies, is preparing for an initial public offering in Shanghai and Hong Kong. Reuters also reported that the company seeks to raise $4 billion to $6 billion, according to sources familiar with the deal. The Shanghai-listing is expected by year-end and in Hong Kong in […]
Gulfstream International Group Inc. has started trading its shares on the American Stock Exchange under the ticker symbol GIA. The Fort Lauderdale, Fla.-based company sold 800,000 shares at $8 each during its IPO. Weatherly Group LLC has backed the commercial airline company since March 2006. www.gulfstream.com
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