Bioniche Pharma Group Ltd., an Ireland
The Wicks Group of Cos. has retained Credit Suisse Securities to explore strategic alternatives for horse-racing content provider Daily Racing Form LLC, including a possible sale. www.drf.com
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Therapeutics Inc., a South Plainfield, N.J.-based drug company focused on post-transcriptional control mechanisms, has withdrawn its $86.25 million IPO filing, citing “market conditions.”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