Home Blog Page 5472

Pittsburgh-Based Blue Belt Technologies Closes $2.4M Series A Financing

E.C.
-
0
Blue Belt Technologies, Inc., a a Carnegie Mellon University spin off company developing surgical instruments for use in orthopaedic and neurosurgery procedures, closed a $2.4m private equity Series A round of financing.
The round was led by private investors including the Pittsburgh Life Sciences Greenhouse and Innovation Works and consisted of both new investments and the conversion of existing convertible notes.
As stated by Craig S. Markovitz, Chief Executive Officer of the Pittsburgh-based company, the funds will be used to finalize development and prepare for FDA submission of our core product, the Precision Freehand Sculptor, and will provide the resources necessary to prepare for full market release of our Orthopaedic and Neurosurgical products.
FinSMEs
30/09/2009

Austin, TX.-Based Pyxis Technology Achieves Funding Milestone

E.C.
-
0
Pyxis Technology, Inc., a Austin, TX.-based company that delivers software solutions for the physical design and routing of custom and system-on-chip (SoC) integrated circuits (ICs), received the second tranche of cash from its latest $3m funding round.

The financing is provided by investors Austin Ventures, CMEA Ventures, Formative Ventures and KT Venture Group.

Commenting on the achievement, Phil Bishop, CEO of Pyxis, said: “This funding milestone recognizes both the technical progress of Pyxis and the business growth potential shown in custom design”.

FinSMEs

30/09/2009

UK, Quanta Fluid Solutions Completes £9M Series A Financing Round

E.C.
-
0
Alcester, UK-based Quanta Fluid Solutions Ltd., a developer of home haemodialysis systems, completed a £9m Series A equity financing.
The round was co-led by NBGI Ventures Seroba Kernel and Wellington Partners with the participation from BrainsToVentures, a network of entrepreneurial private investors predominantly based in German-speaking Europe.
Quanta is developing SelfCare+, an innovative home haemodialysis system based on a machine and cartridge design that provides simplicity, reliability, portability and high treatment quality to patients with chronic renal disease. The company was spun-out from IMI plc, where the founding team originally developed the underlying technology and concepts.
FinSMEs
30/09/2009

Canada, PAKITT Receives $5M Financing by Fairfax

E.C.
-
0
PAKIT Inc., a clean technology company that has developed a patented, industry-changing disruptive technology, completed a $5m financing with Fairfax Financial Holdings Limited.
The investment will enable the Vancouver, Canada-based company to expand its production capacity to meet equipment orders in the pipeline.
Commenting on the financing, Brian Birmingham, PAKIT’s President and CEO, said: “The agreement with Fairfax strengthens our ability to accelerate PAKIT’s emergence as the dominant global provider of sustainable technology for producing renewable, compostable and recyclable consumer product packaging”.
PAKIT, conducts its research and development activities in Norrkoping, Sweden.
FinSMEs
30/09/2009

French Cytoo Raises $4.7M in Financing Round Led by Auriga Partners

E.C.
-
0
CYTOO SA., a provider of technologies and products for high content cell analysis, closed its second funding round of $4.7m (approximately €3.2m) led by new investor Auriga Partners.
Jacques Lewiner, co-founder and president of the supervisory board at CYTOO, also participate in the investment.
The Grenoble, France-based company will use the funds to grow internationally, expand the team and further its research and development activities.

CYTOO holds an exclusive worldwide license from the Institut Curie and the CNRS (The French national scientific research center) for the adhesive micropattern patent portfolio, as well as license agreements with Harvard University (USA) and CEA, the largest government-funded technological research organization in France.
FinSMEs
30/09/2009

OnLive Closes its Series C Funding Round

E.C.
-
0
OnLive, Inc. closed its Series C funding round led by AT&T Media Holdings, Inc., Lauder Partners, Warner Bros., Autodesk, and Maverick Capital.
In addition to investors, OnLive had previously announced support from nine top video game publishers and continues to close new deals with both publishers and other strategic partners as it ramps to the launch of the OnLive Game Service.
The proceeds will be used to launch OnLive’s service offerings and to protect OnLive’s extensive intellectual property rights.
The company, which is headquartered in Palo Alto, CA., was founded by noted technology entrepreneur Steve Perlman (WebTV, QuickTime), and spun out of Rearden, the media and technology incubator behind MOVA, Ice Blink Studios and Moxi.
OnLive spent seven years in stealth development before officially launching in March 2009.
FinSMEs
30/09/2009

USA, HireVue Secures Series A Funding Round Led by Peterson Ventures

E.C.
-
0
HireVue, a Sandy, Utah-based global provider of video interviewing solutions for employers, closed a Series A funding round.

The round was led by Peterson Ventures, with participation from the Garber Fund of Penn State University and a number of strategic investors.

The fund will be used to hire professionals and develop products.

Commenting on the funding HireVue’s CEO Mark Newman reminded the importance of investors, always more critical to create value.
He said: “All of our investment partners offer much more than capital. In the few short months of partnership, their entrepreneurial know-how, expertise in the human capital space, and experience in building great companies, has already proven crucial to our recent growth and will continue be a catalyst to our future growth”.

FinSMEs

30/09/2009

USA, EnticeLabs Closes $2M Funding Round

E.C.
-
0
Provo, UT.-based EnticeLabs, the technology designer to empower HR departments to recruit top talent, closed its $2m strategic round of investment led by First Advantage with participation from all initial founders and investors.
This funds will be used to accelerate system development, accommodate higher-than-anticipated sales, and build out the infrastructure warranted by the rapidly expanding client base.
Neal Bruce, senior vice president of product management for First Advantage’s Employer Services segment, will join the EnticeLabs Board of Directors.
Commenting on the financing, EnticeLabs’ Chief Executive Officer Ryan Caldwell said: “We’re pleased to receive the support of First Advantage and look forward to the opportunities for strategic expansion that this funding will afford the company”.
FinSMEs
30/09/2009

Israeli ActiViews Raised $5M

E.C.
-
0
ActiViews Ltd., a medical device start-up, raised $5M in an investment round led by 7 Health Ventures with the participation of previous investors Ofer HiTech and Evergreen Venture Partners.
The proceeds will be used to set up a sales network in Europe and to obtain marketing approval in the USA.
Founded in 2007, the company, which is developing optical guidance systems used in Computer Tomography, fluoroscopy and Magnetic Resonance Imaging procedures, is located in Tirat Hacarmel, Israel, where employs 10 people.
FinSMEs
30/09/2009

USA, Craton Equity Partners Invests in Liquid Environmental Solutions

E.C.
-
0
Craton Equity Partners, a Southern California clean technology fund, has made a $20m investment commitment to Liquid Environmental Solutions (LES), a non-hazardous liquid waste collection and treatment company in the United States.
Founded in 2002 and with offices in Dallas and San Diego, LES provides its commercial and industrial customers with an effective way to manage and properly dispose of their liquid waste.
The company operates seven wastewater treatment facilities and an interstate fleet of trucks driven by highly trained waste-collection specialists.
LES, which serves over 15,000 locations from California to Alabama, will use the funds from the Craton investment to expand its operations and geographic reach.
FinSMEs
30/09/2009

FASgen Receives $1.4 M NIH Grant for Obesity Research

E.C.
-
0
FASgen, Inc., a drug development company, was awarded a new $1.4m SBIR Phase II NIH grant for continued research for obesity.
The Baltimore, Maryland-based company, which was founded in 2000, has for some time had extensive research into the effects of inhibition of the fatty acid biosynthesis pathway on the regulation of appetite and weight loss. The research is in part conducted in cooperation with laboratories at Johns Hopkins University under a research agreement between the Company and Johns Hopkins.
Commenting on the funding, Susan Medghalchi, Ph.D., FASgen’s principal investigator, said: “This grant supplements the Company’s extensive product development efforts in the metabolic disease field”.
FinSMEs
30/09/2009

ThermalTherapeutic Systems Completes $2.75M Series A Financing Round

E.C.
-
0
ThermalTherapeutic Systems, Inc., developers of a platform technology to standardize hyperthermic perfusion, completed its $2.75M Series A financing round led by Originate Ventures.
The funds will be used to promote the commercialization of ThermalTherapeutic Systems proprietary new technology.
The company had received initial start-up funding by the Pittsburgh Life Sciences Greenhouse, and successful rounds of private financing which included follow-on investments by the Pittsburgh Life Sciences Greenhouse and Innovation Works.
Commenting on the financing, Raymond F. Vennare, Co-Founder and CEO of the Pittsburgh, PA.-based company, said: “Originate Ventures’ financial support of our strategic objectives marks a significant milestone in our company’s development. In July we submitted our application to the FDA, in August we closed on $750,000 in private financing and, in September, Originate Ventures recognized that their investment would be the catalyst to launch our technology”.
FinSMEs
30/09/2009

TargetCast Networks Receives $6.5M in Second Funding Round

E.C.
-
0
TargetCast Networks, a developer and provider of out-of-home digital TV advertising, received $6.5m in its second formal round of venture capital funding from Claremont Creek Ventures and Draper Fisher Jurvetson.
Having the company raised $6.3m in a Series A investment led by Claremont Creek Ventures in September 2007, the total TargetCast Networks has raised to date is $12.8m.
The funds will be used to fuel expansion of the company’s advertising network and to cultivate strategic partnerships to sell advertising and to build an internal advertising sales team.
Commenting on the funding, Jerry Hall, President and CEO of the San Ramon, California-based company, said: “Each of our investors has an impressive track record in identifying and supporting promising new media platforms.
“In addition, they understand that our superior domain experience and patented technology positions our company as a leader at a critical time in the media industry”.
FinSMEs
30/09/2009

EIB Launches SME Loans for EU’s Eastern Neighbours

E.C.
-
0
The European Investment Bank (EIB), the bank of the European Union, is launching a lending facility via other financial institutions for small and medium-sized enterprises (SMEs) in the EU’s eastern neighbours.

The new facility will enable EIB to support – via partner banks in the region – investments by SMEs and energy and environmental projects costing up to €25m.

EIB is in talks with a number of state-owned development banks in the region as well as EU banks with subsidiaries in the region to conclude the first loan agreements.

This initiative represents a change in the EIB’s strategy to offer its SME loans product only to banks within the European Union, Western Balkans and pre-accession countries and the decision to expand geographic coverage follows a request made at the EU’s Eastern Partnership Summit held in Prague in May to establish an appropriate joint small and medium-sized enterprise facility.
EIB involvement in the countries of the Eastern Partnership, which is a new framework for cooperation between the EU and Armenia, Azerbaijan, Belarus, Georgia, Republic of Moldova and Ukraine, has so far been limited to the transport, energy, telecommunications and environmental infrastructure sectors.
The main IFIs involved in the action plan are due to discuss implementation in Istanbul where EIB will chair a meeting of the heads of all multilateral development banks on Oct. 4.

FinSMEs

30/09/2009

EBRD, 5.5M Mezzanine Loan to dairy producer in Bulgaria

E.C.
-
0
The EBRD provided Fama, the third largest manufacturer of milk products in Bulgaria, with a €5.5m mezzanine loan to finance the company’s investment programme.
Fama is the Bulgaria’s third largest manufacturer of milk products, in a dairy market which remains highly fragmented.
The loan will enable Fama to expand its market share by building its own distribution network in Varna, Sofia and Plovdiv, the company’s largest regional markets. The company will also launch the production of added value products, such as long-life milk, while outsourcing low-margin products.
In addition, the EBRD funds will help Fama to refinance its short and medium-term loans, strengthening its balance sheet.
GED Eastern Fund II, the private equity fund which owns Fama, is co-financing the project with additional €2.5 million.
FinSMEs
30/09/2009
1...5,4715,4725,473...5,496Page 5,472 of 5,496

Follow Us