Big Switch Networks racks up $48.5 mln

By Iris Dorbian — 3 weeks ago

Santa Clara, California-based Big Switch Networks, a provider of hyperscale-inspired networking technologies to data centers, has raised $48.5 million in total funding. The investors included Morgenthaler Ventures, Silver Lake Waterman, Index Ventures, Khosla Ventures, Redpoint Ventures, Accton, CID Group and MSD Capital. In addition to the funding, Dan Warmenhoven, former CEO at NetApp and Gary Morgenthaler to Big Switch’s board of directors.

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Elcelyx Therapeutics snaps up $40 mln Series E

By Iris Dorbian — 4 months ago

San Diego-based Elcelyx Therapeutics, a developer of drugs for metabolic disorders, has secured $40 million in Series E funding. Sailing Capital led the round with participation from other investors that included Morgenthaler Ventures, Kleiner Perkins Caufield & Byers, Technology Partners and GSM Fund LLC. In addition to the funding, Elcelyx has appointed Liang Tsui, a managing director and partner of Sailing Capital, to its board of directors.

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Adara reels in $23 mln Series C

By Iris Dorbian — 5 months ago

Mountain View, California-based Adara, a travel data provider, has raised $23 million in Series C funding. World Innovation Lab led the round with participation from return backers August Capital, Morgenthaler Ventures, ONSET Ventures and QuestMark Partners.

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Moximed picks up about $33 mln

By Iris Dorbian — 9 months ago

Hayward, California-based Moximed, a maker of solutions for patients with knee osteoarthritis, has secured about $33 million in funding. The investors included Vertex Venture Holdings Ltd, New Enterprise Associates, Gilde Healthcare Partners, Morgenthaler Ventures and GBS Venture Partners. In addition to the funding, Dr. Christopher Shen of Vertex, has been added to Moximed’s board of directors.

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Socrata nabs $30 mln in Sapphire Ventures-led round

By Iris Dorbian — 1 year ago

Socrata has received $30 million in Series C funding in a round led by Sapphire Ventures. Other investors were return backers OpenView Venture Partners, Morgenthaler Ventures and Frazier Technology Partners. Socrata is a provider of cloud solutions for open data and data-driven government.

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Intuit to buy VC-backed Check for about $360 mln

By Iris Dorbian — 2 years ago

Intuit has agreed to acquire Check for approximately $360 million. The transaction is expected to close in the fourth fiscal quarter of 2014. Based in Palo Alto, Calif., Check is an app that helps users pay bills. Its backers include Morgenthaler Ventures, Pitango Venture Capital and Menlo Ventures.

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Doximity raises $54 mln from DFJ, T Rowe Price, others

By Mark Boslet — 2 years ago

Doximity said it closing a $54 million round of Series C funding co-led by Draper Fisher Jurvetson and T. Rowe Price Associates, Inc. Morgan Stanley Investment Management also participated in the round as a new investor. Existing investors Emergence Capital Partners, Morgenthaler Ventures and InterWest Partners also joined the financing. Doximity, an online network for doctors, has more than tripled its user base since its last funding in September 2012 and has one in three U.S. doctors as members, the company said.

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Principia Biopharma nabs $50 mln Series B funds

By Iris Dorbian — 2 years ago

Principia Biopharma has raised $50 million in Series B financing. Sofinnova Ventures led the round with participation from investors that include Morgenthaler Ventures, New Leaf Venture Partners, OrbiMed, SR One and Mission Bay Capital. In addition to the financing, Dr. Srinivas Akkaraju, a general partner at Sofinnova Ventures, has been added to Principia Biopharma’s board of directors. Based in South San Francisco, Principia Biopharma is focused on developing small molecule drugs within the fields of autoimmune disease and oncology.

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H.I.G. BioVentures leads Series C round for ForSight VISION5

By Iris Dorbian — 2 years ago

ForSight VISION5 has closed $15 million in Series C financing. H.I.G. BioVentures led the round with participation from previous backers Morgenthaler Ventures, Versant Ventures, Technology Partners and Delphi Ventures. Concurrent with the funding, Aaron Davidson of H.I.G. BioVentures has been added to ForSight VISION5’s board of directors. Based in Menlo Park, Calif., ForSight VISION5 focuses on developing products that replace eye drops.

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Vapotherm bags $24 mln

By Iris Dorbian — 2 years ago

Vapotherm has raised $24 million in financing. Gilde Healthcare Partners led the round with participation from investors that included Adage Capital Management, 3×5 Special Opportunity Fund, Morgenthaler Ventures, QuestMark Partners and Cross Creek Capital. Based in Exeter, NH, Vapotherm is a maker of advanced respiratory care devices. PRESS RELEASE EXETER, N.H., April 3, 2014 /PRNewswire/ […]

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Morgenthaler Ventures announces winners of the DC to VC 2013

By Angela Sormani — 2 years ago

Morgenthaler Ventures has announced the winners of DC to VC’s HIT Startup Showcase, a contest that identifies promising health IT startups seeking funding. After eight on-stage presentations in front of venture capitalists, angel investors, government officials and entrepreneurs, the judges selected Amplify Health as the winner of the enterprise solutions category and Kinsa as the winner of the consumer solutions category.

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Convo raises $5 mln from Morgenthaler

By Alastair Goldfisher — 2 years ago

Cloud-based collaboration service provider Convo has raised $5 million in a Series A funding round from Morgenthaler Ventures. The San Francisco-based company, formerly known as Scyrbe, had previously raised seed funding from Adobe, LMKR and angel investors. As part of the Series A, Morgenthaler Managing Director Rebecca Lynn and Venture Partner Alex Nigg have joined the board. Morgenthaler said that its investment in Convo is the last new IT deal from its ninth fund.

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OpenView Venture Partners Leads Socrata B Round

By Angela Sormani — 3 years ago

Socrata, a cloud software company has closed an $18 million Series B round of financing led by OpenView Venture Partners, with participation from existing investors Morgenthaler Ventures and Frazier Technology Partners. Scott Maxwell, OpenView’s senior managing director and founder, will join Socrata’s board of directors.

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NEA Leads $37M Round in MuleSoft

By Alastair Goldfisher — 3 years ago

MuleSoft, which provides enterprises with a cloud-based platform to integrate its mobile and on-premise data and applications, has raised $37 million in new funding. New Enterprise Associates lead the round, with participation from Salesforce.com, as well as returning investors Hummer Winblad Venture Partners, Morgenthaler Ventures, Lightspeed Venture Partners, SAP Ventures and Bay Partners. The company has now raised about $81 million in capital since 2006.

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