Optinuity Inc., a Bethesda, Md.-based provider of IT process automation software for data center management, has raised $6 million in Series B funding. Edison Ventures led the deal, and was joined by Series A backers New Enterprise Associates, Venrock Associates and Mid-Atlantic Venture Funds. Optinuity has raised $12.5 million in total VC funding since 2004. […]
SurgRx Inc., a Redwood City, Calif.-based developer of laparoscopic vessel fusion tools for surgical hemostasis, has raised $20 million in Series F funding. Hedge fund Magnetar Capital Return was joined by return backers Alta Partners, New Enterprise Associates, California Technology Ventures, Prospect Venture Partners and Trellis Health Ventures. The company has raised around $63 million […]
Emotive Communications Inc., an Encino, Calif.-based developer of interactive ringtone technology for 3G, 4G and VoIP services, has raised $7.7 million in first-round funding. Participants included D.E. Shaw, Bertelsmann Digital Media Investments, Warner Music Group and unidentified angels. www.emotive.com
PTC Therapeutics Inc., a South Plainfield, N.J.-based drug company focused on post-transcriptional control mechanisms, has withdrawn its $86.25 million IPO filing, citing “market conditions.” The company had originally filed in March 2006, with Morgan Stanley and JPMorgan serving as lead underwriters. PTC has raised over $143 million in total VC funding since its 1998 inception, […]
Simcere Pharmaceutical Group, a Chinese generic drug-maker, priced 15.6 million American depository shares at $14.50 per share ($12.50-$14.50 range), for an IPO take of approximately $226.6 million. It plans to trade on the NYSE under ticker symbol SCR, with Goldman Sachs (Asia) serving as lead underwriter. Shareholders include Hony Capital.
PodBridge Inc., a Mountain View, Calif.-based provider of ad placement inside of podcasts, has raised around $8.5 million in Series B funding, according to a regulatory filing. Sutter Hill Ventures was joined by return backers Mayfield and Worldview Technology Partners. Greg Sands of SHV will join the PodBridge board of directors. www.podbridge.com
Newforma Inc., a Manchester, N.H.-based provider of project software for the design and building industry, has raised $8 million in Series C funding. Return backers include Borealis Ventures, Kodiak Venture Partners and North Bridge Venture Partners. Newforma has raised over $21 million in total VC funding since 2004. www.newforma.com
TripIt Inc., a San Francisco-based online travel startup, has raised $1 million in Series A funding from O'Reilly AlphaTech Ventures, according to a regulatory filing. One of the company's executives is Hotwire co-founder Gregg Brockway. www.tripit.com
Carlos Kawall, Brazil's treasury secretary from 2005 to 2006, has joined the board of directors of Rio Bravo Investimentos of Rio de Janeiro. Kawall resigned from his government post at the end of 2006, citing personal reasons. www.riobravo.com.br
Energy Investors Funds has completed a $300 million recapitalization of its U.S. Power Fund. The transaction involved leveraging the equity cash flows interests of USPF Holdings in seven generation projects and one transmission project.Lehman Brothers was retained by EIF as the sole arranger and book-runner, and underwrote the financing.www.eif.com