PLANO, TX — Xalted Networks Inc., a provider of the industry’s first Universal Access Exchange (UAX) in the broadband access market, today announced that it has closed its Series A round of financing at $21 million. The round was led by BlueStream Ventures, Granite Ventures, Charter Ventures and Alliance Ventures. The Company is currently in […]
INDIANAPOLIS — Eli Lilly and Co. (NYSE:LLY) today announced the formation of Lilly BioVentures, a venture capital group providing financing and support to newly created biotechnology companies. Initially, the entity plans to invest $75 million in early-stage biotech companies. DES MOINES, IOWA — Iowa Agricultural Finance Corp. (IAFC) announces the investment of $3.3 million by […]
AUSTIN, TEXAS — ClearCommerce Corp., a leading provider of transaction processing and fraud protection software for e-commerce, today announced it has secured $9.5 million in Series D funding. Existing investors include Austin Ventures, New Enterprise Associates, Voyager Capital, Financial Technology Ventures, Hewlett-Packard, Intel Capital, and Internet Capital Group. All of its existing investors contributed to […]
BOSTON and MENLO PARK, CA — TA Associates, one of the nation’s leading buyout and private equity firms, announced today that A. Bruce Johnston is rejoining TA as a Managing Director in the Boston office, focusing on recapitalizations and management-led buyouts of technology companies. Johnston rejoins TA Associates from idealab! where, as President of idealab! […]
MENLO PARK, CA — Entelos Inc., the leader in predictive biosimulation for in silico drug discovery and development, announced today that the company has raised over $25 million through a private placement of its equity securities. Bear Stearns Health Innoventures L.P. led the Series C financing, which included new investors Earlybird, equity4life, and Compaq Computer […]
RESEARCH TRIANGLE PARK, NC – A. M. Pappas & Associates announced today the final closing of TechAMP II, LP, a $102 million venture capital fund focused on the life science sector. Like its immediate predecessor fund, TechAMP II will invest in emerging biopharmaceutical companies that are developing therapeutics to treat cancer and diseases associated with […]
BERKELEY, CALIF. and NEW YORK — The Haas School of Business at the University of California, Berkeley, and Columbia Business School announced today a joint partnership with The Goldman Sachs Foundation to create the National Social Venture Competition. The competition invites aspiring entrepreneurs to develop plans for businesses that have a clear, quantifiable social return […]
LIVONIA, MI — Valassis (NYSE: VCI) announced that it will not continue to fund its Internet couponing investment, Save.com. Since the venture has been unable to secure additional outside financing sufficient to carry it to profitability, Save.com will close operations immediately. Valassis cited the reason for discontinuing its backing was due to Save.com’s inability to […]
SAN JOSE, CA — AccessLan Communications Inc., a pioneer of IP-enabled access provisioning, today announced that it has raised $16 million in new equity financing. AccessLan’s latest round of funding is led by a number of financial institutions, publicly owned companies and several private investors, including Advanced Fibre Communications, Inc., Accel Partners, BancBoston Ventures, Highland […]
LOS ANGELES — Flexxtech Corp. announced today that it has received a first round funding to be followed by a $10 million offering. May Davis Group Inc., was the placement agent and acted as an advisor for the transaction. May Davis Group, located in New York, is an NASD member firm, specializing in merchant banking […]