SupplyScape Inc., a Cambridge, Mass.-based provider of pharmaceutical supply chain software, has raised $10 million in Series C funding. Return backers include North Bridge Venture Partners, IDG Ventures Boston, Pilot House Ventures, Bethesda Partners and Pfizer Strategic Investments Group. www.supplyscape.com
Infobright Inc., a Toronto-based provider of data warehousing solutions, has raised US$8 million in Series B funding. IDG Ventures Boston led the deal, and was joined by return backer RBC Technology Ventures. Chip Hazard of IDG will join the Infoobright board of directors. www.infobright.com
Lectus Therapeutics Ltd., a Cambridge, UK-based drug company focused on ion channel modulators, has raised Gbp3 million from the Wellcome Trust. www.lectustherapeutics.com
NovaCardia Inc., a San Diego-based drug company focused on cardiovascular disease, has withdrawn registration for an $86.25 million IPO. The move was expected, based on a recent announcement that NovaCardia would be acquired by Merck & Co. (NYSE: MRK) for approximately $350 million. NovaCardia had raised nearly around $88 million in VC funding since its […]
Digital River Inc. (Nasdaq: DRIV) has acquired Netgiro Systems AB, a Sweden-based provider of global card payment services to e-merchants. The deal was valued at approximately $27 million in cash. Netgiro had raised VC funding from Nordic Venture Partners. www.digitalriver.com www.netgiro.com
Lehman Brothers and the State of New Jersey have formed a $105 million private equity fund, focused on investments that will help “drive economic growth” in New Jersey. It is called the New Jersey Direct Investment Fund, with Lehman serving as GP and the state serving as the primary LP. www.lehman.com
Morgan Stanley Venture Partners (a.k.a. Crossmark Capital) has canceled plans to raise a $300 million fund, and will instead shut down. News of the move was first reported by Private Equity Insider.
Snow Phipps Group has closed its debut fund with $620 million in capital commitments. The New York-based firm will focus on middle-market investments, and was founded by Ian Snow and Ogden Phipps. The firm also features seven operating partners, including Jim Amos (former CEO of Mail Boxes Etc.), Paul Chellgren (former CEO of Ashland Inc.), Andrew […]
Lim Meng Ann has joined Actis as a partner in charge of activities in China. Meng Ann previously was an executive vice president with GIC Special Investments, where he was responsible for China. Actis has invested over $100 million in China over the past year. www.act.is
Ezra Field is joining Roark Capital as a managing director, according to LBO Wire. He previously was with ACI Capital Co. www.roarkcapital.com