Onset Ventures to Mail its Latest Holiday Card Today

It’s that time of the year again. Onset Ventures, the Menlo Park, Calif.-based VC firm, is set to mail out today its 16th annual holiday card. The handcrafted cards from the firm are known for their spoofing, and this year’s version is no different, as it pokes fun at Farmville and social gaming. Past Xmas […]

PacketMotion Adds $2.7M to Series C Round

PacketMotion has added $2.7 million in Series C financing, bringing its total raised in the round to $8.4 million. Reservoir Venture Partners led the round, with contributions from Athenian Venture Partners, Intel Capital, Mohr Davidow Ventures and Onset Ventures. Sunnyvale, Calif.-based PacketMotion will use the money to expand sales and marketing for its security platform, which helps companies meet compliance and audit requirements and mitigate network security threats.

Boston Scientific to Acquire Venture-Backed Sadra Medical

Boston Scientific, based in Natick, Mass., has announced plans to acquire Los Gatos, Calif.-based Sadra Medical, developer of an aortic valve replacement system, to gain entry into the emerging market of structural heart disease. Boston Scientific is paying $193 million in cash, plus additional potential milestone payments of up to $193 million. Sadra Medical is a seven-year-old […]

Vindicia Adds $20 Million in Series E Funding

Belmont, Calif.-based Vindicia has raised $20 million in venture capital financing. New investor FTV Capital led the Series E round, which included participation from existing investors Bertelsmann Digital Media Investments, DCM and Onset Ventures. Vindicia, which develops on-demand billing technology, has raised a total of more than $41 million. As a result of the latest funding, FTV Capital Partner Eric Byunn joins Vindicia’s board. FTV Capital has offices in San Francisco and New York.

VCs Are Mildly More Optimistic

The newest Silicon Valley Venture Capitalist Confidence Index is out, and based on a survey of 37 Bay Area VCs, investors are feeling slightly more confident about their industry than they did in the second quarter. Some of the brighter trends, said the VCs, include increasing exit opportunities that are improving the financial metrics of […]

CA Technologies to Acquire Venture-Backed Arcot Systems

Publicly traded security company CA Technologies is acquiring venture-backed Arcot Systems in an all-cash transaction for $200 million. Arcot, which makes authentication and fraud prevention software, has raised $92.3 million over its 13-year history, according to Thomson Reuters data. Its investors include Onset Ventures, Accel Partners, and Invesco Private Capital, among others. CA Technologies (NASDAQ:CA) […]

Hotspur Proves It’s Possible to Do a Very Low-Cost Medical Device Company

If you blinked a few weeks ago, you might’ve missed a press release by VC-backed Hotspur Technologies. The Mountain View, Calif.-based company, which makes catheters for kidney dialysis and other medical devices in the vascular space, quietly announced that it received FDA clearance for the first three of its commercial products. The approval process took […]

In Quest to Commercialize New Vision Technology, a Long Wait

Earlier this month, federal regulators approved the first implantable eye telescope for elderly people with an advanced form of macular degeneration, which can cause a blind spot in the center of their vision, making even simple tasks a challenge. The development is great news for the eight million people in America who suffer from macular degeneration and […]

An Annual Tradition: Onset’s Holiday Card

After July 4, not many of us are in the yuletide mood. But each summer, after the fireworks have settled, Shomit Ghose, a partner at Onset Ventures, sits down and writes the firm’s annual holiday card, which is being mailed today to friends and associates of the firm. Onset has handcrafted holiday cards for the […]

Vertos Medical Adds $15.5 Million

Vertos Medical Inc., an Aliso Viejo, Calif.-based developer of minimally-invasive devices for lumbar spine decompression, has raised $15.5 million in Series D funding. Onset Ventures led the round, and was joined by return backers CHL Medical Partners, Foundation Medical Partners, Aweida Venture Partners and DFJ Mercury. The company previously raised around $17 million.

Silicon Valley Couple Getting Hitched, Sans Spatula and Frying Pan

If you’re looking for a novel way to launch your startup, Drue Kataoka and her fiancé Svetlozar Kazanjiev might have you beat. The couple are getting married Saturday, Aug. 29 in front of about 200 VCs, entrepreneurs and other expected guests at Stanford Memorial Church, and as you no doubt have read online or seen […]

Gary Snoman Gets the Axe

In a tough economy, nothing is safe from the chopping block. Not even the beloved Gary Snoman.

Snoman is the digital creation of Blueprint Ventures, which for the past three years has produced humorous holiday greetings featuring the frosty character. The Snoman adventures started with him as an entrepreneur, selling snowman assembly packages to the masses. He then built off of that success and became a venture capitalist, armed with a BlackBerry and a full repertoire of VC jargon.

When he last made an appearance 12 months ago, Snoman had become a global jetsetter, traveling to England, India and China. He also expressed some concern over the carried interest tax. However, he should have been more concerned

Onset Ventures Raising Fund VI

Onset Ventures is raising upwards of $250 million for its sixth fund, according to a regulatory filing. It already has secured more than $182 million in capital commitments, from limited partners like ATP Private Equity Partners, the Delaware Public Employees’ Retirement System, RHM Pension Trust and Barclays Bank. The Menlo Park, Calif.-based firm closed its […]

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