Synergy Life Science Partners has closed its debut fund with $143 million in capital commitments. The Portola Valley, Calif.-based firm will focus on early-stage medical device companies, and was founded in 2006 by John Onopchenko (J&J Development Corp.), Richard Stack (Synecor co-founder) and Bill Starling (Synecor co-founder). Tracy Pappas recently joined as CFO, after having […]
Tethys Bioscience, an Emeryville, Calif.-based developer of multi-biomarker technology, has raised an undisclosed amount of Series C funding. Intel Capital led the round, and was joined by return backers Kleiner Perkins Caufield & Byers and MDV. The company has now raised a total of $54 million, including a $5.3 million Series A round in 2005 […]
John Burton, co-founder and managing general partner of Updata Partners, has been elected president of the Mid-Atlantic Venture Capital Association. He succeeds Kevin Burns, a co-founder and managing principal of Lazard Technology Partners, who will assume the position of chairman. PRESS RELEASE John Burton, co-founder and managing general partner of Updata Partners, has been […]
ArcMail Technology, a Shreveport, La.-based provider of email archiving and management solutions, has raised $3 million in VC funding. Participants included Advantage Capital Partners and the Louisiana Technology Fund. PRESS RELEASE ArcMail Technology, a leading provider of email archiving and management technologies, today announced a $3 million investment from Advantage Capital Partners, the Louisiana […]
Chris Casciato has joined Lightyear Capital as a managing director. He has spent the past 20 years with Goldman Sachs, where he was a partner in the financial institutions group. PRESS RELEASE Lightyear Capital LLC (“Lightyear”), a New York-based private equity firm focused on financial services investing, today announced that industry veteran Chris C. […]
LiveMocha Inc., a Bellevue, Wash.-based provider of online language education, has raised nearly $6 million in Series A funding led by Maveron Equity Partners, according to a regulatory filing. www.livemocha.com
Escoublac Inc. has secured $6.65 million of a $10.9 million Series A round, according to a regulatory filing. The Columbia University spinout is being incubated by Biogen Idec, and focuses on treatments for Type II diabetes.
DevonWay Inc., a San Francisco-based provider of on-demand web services for improving work processes, has raised $6.5 million in Series A funding led by Crosslink Capital, according to a regulatory filing. www.devonway.com
Channel M Inc., a Los Angeles-based developer of video content for retailers, has raised $6 million in Series C funding. Backers include Ascend Venture Group and Vintage Capital Partners. www.channelm.com
FyreBall Inc., a Bellevue, Wash.-based company that is developing a gaming-influenced alternative to email, has raised around $1.1 million in Series A funding led by Labrador Ventures. It is run by former members of the Halo development team. www.fyreball.com