Mogl Network raises $8 mln

Mogl Network said Tuesday it raised another $8 million in funding led by Aequitas Capital Management. Also participating in the round were Avalon Ventures, Correlation Ventures, Sigma Partners, Sysco Ventures, Monroe Capital and Moore Venture Partners. San Diego-based Mogl aims to provide an online to offline real-time commerce platform.


AeroFS nets $10 mln Series B

Palo Alto, California-based AeroFS, a provider of private cloud collaboration solutions, has raised $10 million in Series B funding. Avalon Ventures and NHN Investment led the round. In addition to the funding, Woo Kim of NHN Investment has been added to AeroFS board of directors.

Indix snags $15 mln

Product intelligence solutions provider Indix has secured $15 million in funding. The investors were Nokia Growth Partners, Nexus Venture Partners and Avalon Ventures.


Ankasa grabs $8.5 mln in first tranche of $17 mln Series A

Biopharmaceutical company Ankasa Regenerative Therapeutics, which focuses on stem cell reactivation, has secured $8.5 million in the first tranche of a $17 million Series A funding round. Avalon Ventures was the lead investor. Heraeus Medical and Correlation Ventures are among the other backers that participated in the round.


Avalon and GSK launch and fund three new life science companies

Avalon Ventures and GlaxoSmithKline has launched Adrenergics Inc, CadheRx Therapeutics Inc and Calporta Therapeutics Inc, three San Diego-based early-stage life science companies. Each will receive up to $10 million in Series A funding as well as R & D support from Avalon Ventures and GSK.


Nanigans raises $24 mln Series B

Nanigans Inc. said Wednesday that it has closed a $24 million Series B financing led by Cheetah Mobile. Avalon Ventures and Wellington Management Company LLP also invested. Boston-based Nanigans provides social and mobile advertising software.


Redbooth snags $11 mln Series B

Redbooth has raised $11 million in Series B funding. Altpoint Ventures and Avalon Ventures led the round. Based in Redwood City, Calif., Redbooth is a collaboration and communication platform.


StackIQ nabs $6 mln Series B

StackIQ has raised $6 million in Series B funding. The investors included Grayhawk Capital, Keshif Ventures, DLA Piper, OurCrowd, Anthem Venture Partners and Avalon Ventures. Also, the firm has named John Oh as vice president of marketing. StackIQ is a provider of web-scale IT automation for business.


Avalon Ventures and GSK launch and fund Silarus and Thyritope

Avalon Ventures and GlaxoSmithKline has launched Silarus Therapeutics and Thyritope Biosciences, two San Diego-based early-stage life science firms. Both will receive up to $10 million in Series A funding as well as R & D support from Avalon Ventures and GSK.

Avelas Biosciences Extends Series B Financing to $7.4 Million

Avelas Biosciences, an in vivo cancer diagnostic company for oncologic surgeries, announced that it has closed on the second tranche of its Series B financing bringing the total funds raised in the round to $7.4 million. Participants in the financing included founding investor, Avalon Ventures, as well as existing investors Torrey Pines Investment, WuXi PharmaTech Investments, […]

VC-backed Otonomy files for IPO

Otonomy said Monday that it has filed for an IPO. The number of shares that will be sold as well as the stock’s pricing terms have yet to be set. J.P. Morgan Securities and BofA Merrill Lynch are serving as the lead underwriters. Based in San Diego, Calif., Otonomy is a biopharmaceutical company that develops treatments for ear disorders and diseases. Its backers include Perceptive Advisors, Federated Kaufmann Funds, OrbiMed Advisors, Novo Ventures, TPG Biotech, Avalon Ventures, Domain Associates, RiverVest Venture Partners, Aperture Venture Partners and Osage University Partners.


BookBub scores $3.8 mln

BookBub said Thursday that it has closed $3.8 million in Series A financing. The investors included NextView Ventures, Founder Collective, Avalon Ventures and Bloomberg Beta. Headquartered in Cambridge, Mass., BookBub helps readers find ebook deals.

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