Israel-based Valens Semiconductor Ltd., a chip developer for audio and video in a home networking equipment, raised a $7 million Series A round of fund. Genesis Partners led the round and was joined by Magma Venture Partners also participated in the round. Dr. Eyal Kishon of Genesis Partners and Eitan Dekel of Magma Venture Partners […]
GlycoVaxyn, a Swiss developer of innovative conjugated vaccines, has raised a $9.3 million in a Series A financing. Existing investors Sofinnova Partners and Index Ventures both significantly increased their equal investment in GlycoVaxyn, after having seeded the company in July 2006. Also, GlycoVaxyn has appointed industry veteran Michel Greco as chairman of the board. www.glycovaxyn.com
WebLayers Inc., a Cambridge, Mass.-based developer of automated SOA governance software, has raised $7 million in Series C funding. The round was led by Ascent Venture Partners, and included existing investors Cedar Fund and Veritas Venture Partners. www.weblayers.com
Sucampo Pharmaceuticals Inc., a Bethesda, Md.-based developer of drugs based on prostones, a class of compunds, today set the terms of its IPO of 3.75 million Class A common shares at an estimated price of $14 to $16 per share. The company plans to list on the Nasdaq under the symbol SCMP. Cowen & Co., […]
Ian Carver has joined DLA Piper in the firm's Boston office as a regional manager of their Venture Pipeline Group. Before joining DLA Piper, Carver spent the past eight years as a director at PricewaterhouseCoopers. www.dlapiper.com
Certeon Inc., a Burlington, Mass.-based provider of communications components for enterprises, has raised $15 million in a Series B funding. RRE Ventures led the round and was joined by Sigma Partners, Globespan Capital, Dow Employees' Pension Plan and Union Carbide Employees' Pension Plan. RRE Ventures General Partner Richard McGinn, former chairman and CEO of Lucent […]
Metalysis, a U.K.-based provider of metal extraction services, has raised about $27 million in a third round of funding from Environmental Technologies Fund (ETF), 3i, QinetiQ, Seven Spires, Chord Capital and Cambridge Capital Group. www.metalysis.com
Galen Partners, a Stamford, Conn.-based health care investor, announced that Siemens Venture Capital GmbH has invested in its fifth fund, Galen Partners V. The fund, which closed last month, has now raised $250 million in partner commitments. Fund V will focus on investments in health care information technology/outsourcing, medical devices and specialty pharmaceutical companies. www.galen.com
Reliance Communications Ltd., a Mumbai, India-based provider of mobile phone services, announced Monday that it would buy San Francisco-based Yipes Holdings Inc., a provider of Ethernet management services, for $300 million. Yipes was founded in 1998 as Yipes Communications and raised more than $270 million from JPMorgan Partners, New Enterprise Associates, Norwest Venture Partners, the […]
Former U.S. Trust CEO Peter Scaturro has joined Goldman Sachs Group Inc. as global head of its private wealth management business, according to Reuters, which cited an internal memo from Goldman Sachs. Scaturro, who is 47, left New York-based private wealth manager U.S. Trust before it was acquired by Bank of America Corp. from Charles […]