VC-backed Cortendo files for IPO

Cortendo AB, a Swedish biopharmaceutical company focused on orphan endocrine disorders, 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. Cortendo will trade on the NASDAQ under the ticker symbol “SBBP.” BofA Merrill Lynch and Stifel are serving as the lead underwriters. Cortendo’s backers include Longwood Capital, TVM Capital, Granite Point Capital, RA Capital, New Enterprise Associates, Broadfin Capital and HealthCap.

142 Views

Spare5 pulls in $10 mln

Seattle-based Spare5, a platform that pays people to perform micro tasks in their spare time, has secured $10 million in Series A funding. Foundry Group, Madrona Venture Group and New Enterprise Associates led the round.

154 Views

NEA leads Series C round for Coursera

Online education platform Coursera has raised $49.5 in Series C funding. New Enterprise Associates led the round with participation from other investors that included Kleiner Perkins Caufield & Byers, International Finance Corporation, Times Internet, GSV Asset Management and Learn Capital.

VC-backed GumGum hires SVP of sales

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.

200 Views

HyperVerge grabs seed funds

India-based deep-learning startup HyperVerge has secured $1 million in seed funding. The investors included New Enterprise Associates, Milliways Ventures and Naya Ventures. In addition to the funding, Dayakar Puskoor of Naya Ventures has been added to HyperVerge’s board.

145 Views

Rhythm Metabolic racks up $40 mln Series A

Boston-based Rhythm Metabolic, a subsidiary of Rhythm, has closed $40 million in Series A funding. The investors included OrbiMed, Deerfield Management, Wellington Management Company, MPM Capital, New Enterprise Associates, Third Rock Ventures, Pfizer Ventures and Ipsen. In conjunction with the funding, Jonathan Silverstein of OrbiMed has been appointed to Rhythm Metabolic’s board of directors. Rhythm Metabolic is focused on treating obesity caused by genetic deficiencies.

188 Views

LED maker Illumitex shines with close of Series C

Illumitex, an Austin, Texas-based manufacturer of LEDs, announced it has concluded its C1 round of funding with $16 million. Strategic investor WP Global Partners led the round, which included existing investors New Enterprise Associates, Morgan Creek Capital, Mousse Partners, Apex Venture Partners, DMWMDW Interests, Syngenta Ventures and individual investors Jimmy Treybig and Larry Abrams. The company has now raised $76 million in total funding.

174 Views

Virtual storage company Tintri raises $125 mln round led by Silver Lake Kraftwerk

Mountain View, Calif.-based Tintri Inc, a provider of storage for virtualization and cloud environments, announced the close of a $125 million Series F round of funding. Silver Lake Kraftwerk led the round, which included existing investors Insight Venture Partners, Lightspeed Ventures, Menlo Ventures and New Enterprise Associates. The company has now raised $260 million in total funding.

118 Views

Apprenda snags $24 mln

Apprenda, a Platform as a Service solutions provider, has raised $24 million in funding. Safeguard Scientifics led the round with participation from New Enterprise Associates and Ignition Partners.

156 Views

Toba Capital leads Series A round for Transifex

Localization automation platform Transifex has raised $4 million in Series A funding. Toba Capital led the round with participation from other investors that included New Enterprise Associates and Arafura Ventures.

HackerOne attracts $25 mln

San Francisco-based cyber security firm HackerOne has secured $25 million in Series B funding, the company announced in a blog post on its site. New Enterprise Associates led the round with participation from previous backer Benchmark. In conjunction with the funding, Jon Sakoda, a general partner at NEA, has been added to HackerOne’s board of directors.

222 Views

Enigma attracts $28.2 mln Series B

Data discovery and analytics provider Engima has received $28.2 million in Series B funding. New Enterprise Associates led the round with participation from Two Sigma Ventures, New York City Investment Fund, American Express Ventures, Comcast Ventures and The New York Times Company.

417 Views

IVP, Leonardo DiCaprio, Adam Levine and others back sleep startup Casper

New York City-based mattress maker Casper has raised $55 million in Series B funding. Institutional Venture Partners led the round with participation from other investors that included Leonardo DiCaprio, Tobey Maguire, Adam Levine, Scooter Braun, Pritzker Group Venture Capital, New Enterprise Associates, Lerer Hippeau Ventures and Norwest Venture Partners. In conjunction with the funding, Dennis Phelps of IVP has been named a board observer.

PE HUB Community

Join the 12523 members of PE HUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget