Santa Monica, California-based digital marketing platform GumGum has named John Weisgerber as senior vice president of sales. Previously, Weisgerber worked at Hearst Corp where he served as executive director of digital advertising in its fashion and luxury collection. GumGum’s backers include Morgan Stanley Expansion Capital, New Enterprise Associates, Upfront Ventures, First Round Capital and Crosscut Ventures.Continue
Advertising platform GumGum has raised $26 million in Series C funding. Morgan Stanley Expansion Capital led the round with participation from other investors that included New Enterprise Associates, Upfront Ventures and First Round Capital.Continue
Morrisville, North Carolina-based Clinipace Worldwide, a digital clinical research organization, has raised $50 million in funding. Virgo Investment Group led the round with participation from other investors that included Crestline Investors, Morgan Stanley Expansion Capital, Hatteras Venture Partners, Harbert Venture Partners and Mario Family Funds. Perella Weinberg Partners served as an advisor on the transaction.Continue
NanoString Technologies, a provider of life science tools for translational research and developer of molecular diagnostic products, has completed a $15.3 million Series E Preferred Stock issuance. New investors in the transaction included Morgan Stanley Expansion Capital and AllianceBernstein Alternative Investment Management Group. All previous venture investors participated including Clarus Ventures, Draper Fisher Jurvetson, OVP Venture Partners, GE healthymagination Fund, BioMed Ventures, and Henri Termeer.Continue
NXT Capital’s venture finance group has provided financing to support Clinipace Worldwide’s acquisition of Paragon Biomedical. Digital contract research organization Clinipace is headquartered in Morrisville, North Carolina and is backed by Morgan Stanley Expansion Capital, Hatteras Venture Partners, Brooke Private Equity, Osage Venture Partners and Mario Family Partners.Continue
Clinipace Worldwide, a digital clinical research organization, has raised $15 million in Series C financing. Morgan Stanley Expansion Capital led the round, which included participation from Durham, N.C.-based Hatteras Venture Partners, and Boston-based Brook Private Equity Advisors. The company will use the money to expand its contract research services. The company is based in Research Triangle Park, N.C.Continue
Socialware, the Austin, Texas-based social media management firm, has netted a $7 million Series C from Morgan Stanley Expansion Capital. The company, led by Chad Bockius, has taken about $12 million from investors including Silverton Partners, Floodgate Fund and G-51 Capital.