CytoPherx Seals $34M

4 years ago

CytoPherx Inc., a developer of anti-inflammatory therapy for acute kidney injury, has raised $34 million in funding from Early Stage Partners, ONSET Ventures and Capital Midwest Fund. The money will be used to complete clinical trials and commercialize its therapy product. CytoPherx was founded in July 2007 and is based in Ann Arbor, Michigan.

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Adaptive Planning Adds John Herr as C.E.O.

4 years ago

Mountain View, Calif.-based Adaptive Planning has named John Herr as its new chief executive. The company, which provides on-demand corporate performance management software, is backed by venture firms ONSET Ventures, Monitor Ventures, Cardinal Venture Capital and Clairmont Capital. Herr was most recently an executive-in-residence at Norwest Venture Partners. Earlier, he was president and CEO at EZ Shield, a technology-enabled services company. He has also worked as vice president and general manager at eBay and PayPal.

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Valeritas Lands $150M Series C

4 years ago

Valeritas Inc., a Bridgewater, N.J.-based developer of drug delivery systems for the diabetes market, has raised $150 million in Series C financing. The funding will support commercialization of its V-Go disposable insulin delivery device. Welsh, Carson, Anderson & Stowe led the financing and assumes a controlling interest in Valeritas. Previous investors MPM Capital, Pitango Venture Capital, Abingworth Management, Advanced Technology Ventures, ONSET Ventures, HLM Venture Partners, Agate Medical Investments, CHL Medical Partners and Kaiser Permanente Ventures also participated.

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SingTel Innov8 leads $15M Round for Sentilla

4 years ago

Sentilla Corp., a maker of software to monitor and automate data center work loads, has raised $15 million in Series C financing. SingTel Innov8 Ventures, the corporate venture arm of the SingTel Group, led the round. Existing backers ONSET Ventures and Claremont Creek Ventures also participated in the round. The money will be used to expand sales and marketing efforts.

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Nokia Siemens Networks Leads $14M for ClariPhy

5 years ago

Irvine, Calif.-based ClariPhy Communications Inc., a developer of signal processors for optical networking, has sealed $14 million in new funding, led by by Nokia Siemens Networks. The new money will help ClariPhy expand deployment of its system-on-a-chip, the company said in a release. ClariPhy is backed by a stable of prominent venture investors including Norwest Venture Partners, Allegis Capital, ONSET Ventures and Pacific General Partners. The company previously raised at least $44 million.

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Neuronetics Nets $30M Series E

By Jonathan Marino — 5 years ago

Neuronetics, the Pennsylvania-based maker of non-invasive, non-systemic treatments for depression, completed a $30 million Series E financing. New investors Polaris Venture Partners and Pfizer Venture Investments led the round and were joined by previous investors Investor Growth Capital, New Leaf Venture Partners, Interwest Partners, Three Arch Partners, Quaker BioVentures, and Onset Ventures.

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Onset Ventures to Mail its Latest Holiday Card Today

By Alastair Goldfisher — 5 years ago

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 […]

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PacketMotion Adds $2.7M to Series C Round

5 years ago

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.

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Boston Scientific to Acquire Venture-Backed Sadra Medical

By PEHub Administrator — 5 years ago

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 […]

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Vindicia Adds $20 Million in Series E Funding

5 years ago

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.

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VCs Are Mildly More Optimistic

By Connie Loizos — 5 years ago

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 […]

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CA Technologies to Acquire Venture-Backed Arcot Systems

By PEHub Administrator — 5 years ago

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) […]

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In Quest to Commercialize New Vision Technology, a Long Wait

By Connie Loizos — 6 years ago

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 […]

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An Annual Tradition: Onset’s Holiday Card

By Alastair Goldfisher — 6 years ago

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 […]

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Vertos Medical Adds $15.5 Million

By PEHub Administrator — 6 years ago

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.

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Gary Snoman Gets the Axe

By Alastair Goldfisher — 7 years ago

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

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