VC-backed Trice Medical hires CFO

King of Prussia, Pennsylvania-based Trice Medical, a private diagnostics company focused on micro invasive technologies, has appointed Craig Carra as its chief financial officer. Previously, Carra worked at Ella Health where he served as the financial and business development leader. Trice Medical is backed by HealthQuest Capital, Safeguard Scientifics and BioStar Ventures.


Aventura picks up $14 mln Series C

Denver-based Aventura, a provider of healthcare workflow optimization software solutions, has secured $14 million in Series C funding. Safeguard Scientifics and Merck Global Health Innovation Fund led the round with participation from previous backers Excel Venture Management, HLM Venture Partners and Memorial Care Innovation Fund.


First Round Capital leads Series A round for Velano Vascular

Philadelphia and San Francisco-based medical tech company Velano Vascular, has received $5 million in Series A funding. First Round Capital led the round with participation from Kapor Capital, Safeguard Scientifics, White Owl Capital, Griffin Hospital and The Children’s Hospital of Philadelphia.

Trice Medical pulls in $6.5 mln

Trice Medical has received an additional $6.5 million in Series B financing, raising the total round to $18.1 million. HealthQuest Capital was the lead investor of the extension. Other backers included Safeguard Scientifics Inc and BioStar Ventures. Based in King of Prussia, Pennsylvania, Trice Medical is a provider of private diagnostics solutions focused on micro-invasive technologies.


InfoBionic snags $17 mln Series B

InfoBionic, a Lowell, Mass.-based digital health firm, has raised $17 million in Series B financing. The investors included Safeguard Scientifics, Mass Medical Angels, Broadview Ventures, Excel Venture Management and Zaffre Investments. Also, the company has appointed Steven R. Wasserman as chief financial officer and William G. Swavely as senior vice president of IT.


Spring Lake Equity-backed MediaMath buys Rare Crowds

Ad tech firm MediaMath has acquired Rare Crowds, a provider of targeted media solutions. No financial terms were disclosed. Also, MediaMath has named Eric Picard, CEO and co-founder of Rare Crowds, as vice president of strategic partnerships. MediaMath’s backers include Spring Lake Equity Partners, Akamai Technologies, Safeguard Scientifics, Catalyst Investors and Observatory Capital.


Propeller Health fetches $14.5 mln Series B

Propeller Health said Thursday that it has closed $14.5 million in Series B funding. Safeguard Scientifics led the round with participation from return backer The Social+Capital Partnership. Also, the firm has hired Chris Hogg as COO. Propeller Health is a provider of digital health solutions for chronic respiratory disease.


Safeguard Scientifics leads $11 mln Series D funding in Transactis

Safeguard Scientifics has led an $11 million Series D funding round in Transactis, which provides electronic billing and payment solutions. Other participants in the funding round include existing investors StarVest Partners, senior management and the board. To date, Transactis has raised a total of $40 million from investors including Metamorphic Ventures, Vermont Information Processing and Harland Clarke.


Safeguard Scientifics backs WebLinc

WebLinc said Tuesday that it has closed $6 million in Series A financing from Safeguard Scientifics. Based in Philadelphia and New York, WebLinc is a commerce platform provider for online retailers.

Trice Medical nabs $11.6 mln Series B

Trice Medical has received $11.6 million in Series B funding. Safeguard Scientifics led the round with participation from other investors that included BioStar Ventures. In addition to the funding, executive chair Jeffrey F. O’Donnell Sr. will transition to chairman and CEO. Based in King of Prussia, Penn., Trice Medical is a private diagnostics firm focused on micro invasive technologies.


MediaMath nabs more than $175 mln in funding

MediaMath said Tuesday that it has closed $73.5 million in Series C funding. Spring Lake Equity Partners led the round with participation from Akamai Technologies, Safeguard Scientifics, Catalyst Investors and Observatory Capital. Also, the firm received a $105 million debt facility from Silicon Valley Bank. GCA Savvian provided financial advice in connection with the equity portion of the transaction. MediaMath is a provider of digital marketing solutions.


InfoBionic grabs $17 mln

InfoBionic said Tuesday that it has raised $17 million in Series B funding. Safeguard Scientifics led the round with participation from investors that included Mass Medical Angels, Broadview Ventures, TiE, Beta Fund, Boardwalk, Launchpad Venture Group and Keiretsu. In conjunction with the funding, Al Wiegman of Safeguard Scientifics has been added to InfoBionic’s board of directors. Based in Wayne, Penn., InfoBionic is a provider of patient monitoring solutions for chronic disease management.

Trinity leads Hoopla’s Series B

Hoopla, which develops sales performance improvement software, has raised $8 million in a Series B round of funding led by Trinity Ventures. Existing investors Safeguard Scientifics and Illuminate Ventures also participated in the round. The San Jose, Calif.-based company has now raised $10.8 million in total funding, having raised a $2.8 million Series A round in mid-2012. As part of the Series B round, Larry Orr, general partner of Trinity, has joined the board.

Medivo Raises $15 Million to Expand Health Monitoring Platform

Medivo, a New York-based online health monitoring platform, has raised $15 million in Series B financing led by the Merck Global Health Innovation Fund, with participation from existing investors Safeguard Scientifics and MentorTech Ventures. To date, the company has raised more than $22 million.

Safeguard Scientifics Names Jeffrey McGroarty as CFO

Safeguard Scientifics, the Wayne, Pa.-based investment company that focuses on growth-stage healthcare and tech companies, has promoted Jeffrey McGroaty to Senior VP and CFO. McGroaty joined the company in 2005 as a vice president and corporate controller. He succeeds Stephen Zarrilli, who was named president and CEO of Safeguard last November.

Pneuron Raises $6 Million Round, Led by Safeguard Scientifics

Safeguard Scientifics, a Wayne, Pa.-based investment company focused on technology and healthcare outfits, has provided $5 million of a new $6 million Series B round of financing raised by Pneuron Corp., a Woburn, Mass.-based company that sells large data integration software applications. Osage Venture Partners, a previous investor in Pneuron, contributed the remaining funding to the round.S

Safeguard Scientifics Announces Stephen Zarrilli as New CEO

Safeguard Scientifics, the Wayne, Pa.-based, publicly traded holding company with stakes in growth-stage life sciences and tech company, has promoted senior VP and CFO Stephen Zarrilli to the post of CE0. Zarrilli will take the reins on November 1. He succeeds Peter Boni.

Safeguard Scientifics Leads $21M Round for Putney

Specialty pharmaceutical company Putney has raised $21 million in new financing co-led by listed Safeguard Scientifics Inc. NewSpring Health Capital and other, undisclosed investors also contributed. Safeguard Scientifics put $10 million into the Series C round, which will be used to bolster sales and marketing. Portland, Maine-based Putney develops generic medicines for pets.

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