EndoGastric Solutions racks up to $50 mln

By Iris Dorbian — 2 months ago

Redmond, Washington-based EndoGastric Solutions, a provider of incisionless procedural therapy for gastroesophageal reflux disease, has raised up to $50 million in funding. The investors included CRG (formerly known as Capital Royalty LP), Advanced Technology Ventures, Canaan Partners, Chicago Growth Partners, Foundation Medical Partners and Radius Ventures.

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CircleUp takes in $30 mln Series C

By Iris Dorbian — 3 months ago

Equity crowdfunding platform CircleUp has secured $30 million in Series C funding. Collaborative Fund led the round with participation from Capital One co-founder Nigel Morris, and former CEOs and presidents of Goldman Sachs, Thomson Reuters and the Stanford Endowment. CircleUp’s other backers include Union Square Ventures, Canaan Partners, Maveron and Rose Park Advisors. According to the company, the capital infusion will be used for product development and personnel hiring.

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J & J to acquire VC-backed Novira Therapeutics

By Iris Dorbian — 3 months ago

Johnson & Johnson has agreed to buy Novira Therapeutics Inc, a biopharmaceutical company focused on developing new treatments for chronic hepatitis B virus infection. No financial terms were disclosed for the deal that is expected to be completed during the fourth quarter of this year. Novira is backed by Versant Ventures, 5AM Ventures and Canaan […]

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Car rental marketplace Turo drives away with $47 mln Series C

By Iris Dorbian — 3 months ago

Car rental marketplace Turo (formerly known as RelayRides) has secured $47 million in Series C funding. Kleiner Perkins Caufield & Byers led the round with participation from return backers August Capital, Canaan Partners, Google Ventures, Shasta Ventures and Trinity Ventures. In conjunction with the funding, Turo has added Brook Porter of KPCB to its board of directors. PRESS RELEASE […]

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Cisco to buy VC-backed Lancope for $452.5 mln

By Iris Dorbian — 3 months ago

Cisco has agreed to acquire Alpharetta, Georgia-based Lancope, a network security company, for $452.5 million. The deal is expected to be completed in the second quarter of 2016. Lancope’s backers include Canaan Partners and HIG Capital.

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RelayRides buys VC-backed SocialStudio

By Iris Dorbian — 5 months ago

Car-sharing marketplace RelayRides has acquired SocialStudio, a maker of mobile apps JumpCam and FADE. No financial terms were disclosed. RelayRides’s backers include Canaan Partners, Google Ventures, August Capital, Shasta Ventures and Trinity Ventures while SocialStudio was backed by Trinity Ventures and Google Ventures.

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VC-backed bitcoin exchange itBit expands team with two hires

By Iris Dorbian — 5 months ago

Bitcoin exchange itBit has named Daniel Alter as general counsel and chief compliance officer and Kim Petry as chief financial officer. Previously, Alter worked at the New York State Department of Financial Services where he served as general counsel while Petry was CFO of global operations and technology at Broadridge Financial Services. ItBit’s backers include RRE Ventures, Canaan Partners and Liberty City Ventures.

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Talena snaps up $12 mln

By Iris Dorbian — 6 months ago

Silicon Valley-based Talena, a provider of big data availability management solutions, has raised $12 million in funding. The companies backers include Canaan Partners, Intel Capital, ONSET Ventures and Wipro Ventures. In conjunction with the funding, Deepak Kamra, a general partner at Canaan and Shomit Ghose, a partner at ONSET, have been added to Talena’s board of directors.

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Antiva Biosciences nabs $16 mln Series B

By Iris Dorbian — 6 months ago

Biopharmaceutical company Antiva Biosciences Inc has secured $16 million in Series B funding. Canaan Partners and Sofinnova Ventures led the round. In conjunction with the funding, Wende Hutton, a general partner at Canaan Partner and David Kabakoff, an executive partner at Sofinnova Ventures, have been added to Antiva’s board of directors. Also, the company has named Gail Maderis as president and CEO and Steven P. James as executive chairman of the board.

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PE-backed RealtyMogul.com taps Li as chief information officer

By Iris Dorbian — 7 months ago

Los Angeles-based RealtyMogul.com, an online marketplace for real estate investment, has named Timothy Li as chief information officer. Previously, Li has worked at a number of firms in the marketplace lending and FinTech sectors that included LoanDepot, Quick Bridge Funding, Think Finance and JPMorgan Chase. RealtyMogul.com is backed by Sorenson Capital and Canaan Partners.

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Onefinestay scores $40 mln Series D

By Iris Dorbian — 7 months ago

Luxury home hospitality business onefinestay has closed $40 million in Series D funding. The investors included Intel Capital, Quadrant Capital Advisors, Index Ventures and Canaan Partners. Also, the company has made a number of appointments, among them are Tom Singer as chief financial officer, Nick Ruotolo as chief commercial officer and Petros Demetriades as chief technology officer.

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Novartis to buy Spinifex for $200 mln

By Luisa Beltran — 7 months ago

Novartis International AG has agreed to buy Spinifex Pharmaceuticals Inc. for an upfront cash consideration of $200 million plus undisclosed clinical development and regulatory milestone payments. based in Stamford, Connecticut and Melbourne, Australia, Spinifex develops drugs for the treatment of chronic pain. Deutsche Bank advised Spinifex. Spinifex’s investors include Novo A/S, Canaan Partners, GBS Venture Partners, Brandon Capital Partners, Uniseed and UniQuest (University of Queensland, Australia).

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Spyryx Biosciences rakes in $18 mln Series A

By Iris Dorbian — 9 months ago

Research Triangle Park, North Carolina-based Spyryx Biosciences, which develops treatments for respiratory diseases, has raised $18 million in Series A funding. The investors were Canaan Partners, Hatteras Venture Partners and 5AM Ventures. In conjunction with the funding, Dr. Tim Shannon, general partner of Canaan, has been named chairman of Spyryx’s board of directors. Also, Dr. Christy Shaffer, managing director of Hatteras Discovery at Hatteras and Dr. Brian Daniels, venture partner of 5AM, have been added to Spyryx’s board of directors.

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Food brand NatureBox picks up $30 mln series C

By Iris Dorbian — 9 months ago

Food brand NatureBox Inc has raised $30 million in Series C funding. Global Founders Capital led the round with participation from other investors that included Neuberger Berman Private Equity Funds, Kensington Capital Holdings, Valley Oak Investment Partners, General Catalyst Partners, Canaan Partners and Softbank Capital.

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