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Humedica Completes $30M Venture Capital Funding

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Humedica, a Boston, Ma.-based healthcare informatics company, completed its $30m venture capital funding in a round led by Bain Capital Ventures, General Catalyst Partners, North Bridge Venture Partners, and Leerink Swann.
Humedica provides novel business intelligence solutions to the health care industry (health care providers, life sciences manufacturers, government agencies and financial services firms) connecting patient information across varied medical settings and time periods to generate a comprehensive view of patient care.
Humedica, which currently employs a growing staff of 40 people, is moving to a new corporate headquarters, located at 1380 Soldiers Field Road in Boston, Massachusetts.
FinSMEs
24/09/2009

Omidyar Network Commits $30M to Entrepreneurship in India and Sub-Saharan Africa

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Omidyar Network, a philanthropic investment firm dedicated to harnessing the power of markets to create opportunity for people to improve their lives, announced a three-year, $30m commitment to support global entrepreneurship, especially in India and Sub-Saharan Africa.
These two countries were selected due to the large numbers of people living in poverty and the potential social impact increased entrepreneurship will bring – from improved access to goods and services to increased employment opportunities.
Consequently, Omidyar Network will invest in entrepreneurial ventures, particularly those providing goods and services, by focusing on high-impact for-profit companies and non-profit organizations, those with a proven business model and the ability to scale their operations to serve hundreds of thousand or millions living at the base of the pyramid.
FinSMEs
24/09/2009

USA, Writers’ Group Film Corp. Finalizes a $10M Equity Funding Agreement

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Lancaster, Ca.-based Writers’ Group Film Corp. announced that it has executed an agreement for equity financing of up to $10m from Boston-based Auctus Private Equity Fund, LLC.
The company will use the funds to fulfill the financial requirements for its film, television and internet entertainment projects.
Commenting on the funding, Tal L. Kapelner, Writers’ Group’s President and Chairman, said: “With this commitment we hope to address the funding needs of our various upcoming entertainment projects to ensure the future growth of the Company.
“We looked at many funding opportunities for our projects in order to find the best fit and I believe we found that right fit with Auctus Private Equity“.
Writers’ Group is required to file an S-1 Registration Statement for the securities and will file with the Securities and Exchange Commission in the coming weeks.
FinSMEs
24/09/2009

USA, iGuiders Receives Second JumpStart Investment

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JumpStart Inc., a Northeast Ohio venture development organization that accelerates the progress of high growth early-stage businesses, announced an investment commitment of $200,000 in iGuiders, Inc.
iGuiders, a Cleveland-based information technology company that is developing a guided decision technology for the Internet that simplifies complicated searches through the use of question and answer logic, has been a JumpStart Ventures portfolio company since it received an initial investment commitment of $275,000 from JumpStart in February of this year.
Commenting on the funding, Jodi Marchewitz, iGuiders‘ founder, said: “The additional investment will be used for business development, marketing and revenue-generating activities, including pursuing large strategic partnerships.
“We will also continue to optimize the Guider technology and focus on customer support initiatives”.
This is JumpStart‘s 53rd investment in its 40th company.
FinSMEs
24/09/2009

USA, Mzinga Closes $10M Financing

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Burlington, Ma.-based Mzinga, a provider of social software, services, and analytics that improve business performance, completed a $10m round of financing led by new investor Acadia Woods Partners, LLC.

Other new investor BlueCrest Venture Finance Master Fund were joined by existing investors W Capital Partners and Shared Capital Partners.

The company will use the funds to strengthen its overall financial position and increase investments in sales and marketing as well as its social software and analytics offerings.

Commenting on the round, Barry Libert, Chairman and CEO of Mzinga, said: “This additional funding will help us take advantage of the improvements we are seeing in the general corporate markets by bringing new technologies and services to market that transform the way businesses operate—ultimately enabling them to more effectively capture intellectual capital, make better decisions, and innovate faster”.

In conjunction with the funding, Jeff Samberg of Acadia Woods Partners and Mark King of BlueCrest Capital Finance have joined the Mzinga‘s board of directors, which also includes Robert Migliorino of W Capital Partners, Howard Rubin of Shared Capital Partners, Andrew Hallowell of Arcadia Partners, and Barry Libert, CEO of Mzinga.

FinSMEs

23/09/2009

Canada, Aegera Therapeutics Closes CDN$7M Debt Financing

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Aegera Therapeutics, Inc., a Montreal-based clinical stage biotechnology company focused on developing targeted therapeutics for oncology and pain, announced today the full drawdown of a CDN$7m debt facility provided by Investissement Quebec.
The facility was provided to fund the attainment of significant developments in Aegera‘s AEG35156 oncology program and AEG33773 diabetic neuropathic pain program, both of which are currently being tested in randomized Phase 2 clinical trials in Canada, the United States and Europe, and to provide additional working capital to the company.
FinSMEs
23/09/2009

USA, Marketo Closes Series C Financing Round

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San Mateo, CA.-based Marketo, a revenue-focused marketing automation company, closed a Series C financing round  led by venture capital firm Mayfield Fund.

In conjuction with the investment, Mayfield Fund managing director Robin Vasan joined the company’s board of directors.
Commenting on the round, Phil Fernandez, president and CEO at Marketo, said: “This new funding will allow us to accelerate our vision for the Marketo Revenue Suite, expand our enterprise-class team to better serve a larger portion of the available market, and maintain our high standards for customer service and excellence in cloud-based marketing software”.
FinSMEs
23/09/2009

USA, Gamma Medica-Ideas, Inc. Closes $24M Financing

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Gamma Medica-Ideas, Inc., a developer of digital molecular imaging systems, closed a $24m first financing round led by Psilos Group, a healthcare venture capital firm, which committed $14m.

Capital Resource Partners provided $5m in mezzanine debt while Bridge Bank a $5m revolving line of credit.

Funds will be used to leverage the Northridge, Ca.-based Gamma Medica-Ideas‘ digital SPECT, PET and CT technologies into clinical imaging markets. The company’s initial product, LumaGEM, is focused on significantly improving the diagnosis of cancers in women with dense breast tissue.

Dr. Bradley E Patt, Ph.D., company’s co-founder, President and Chief Executive Officer, was reported to say: “We are ready today to demonstrate the strength of the technology platform with our product that we expect will have a huge impact in improving breast cancer diagnosis. We are now aggressively marketing our FDA cleared LumaGEM product for molecular breast imaging”.

FinSMEs
23/09/2009

USA, Zogenix Closes $51M in Series B Preferred Stock Financing

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Zogenix, Inc., a pharmaceutical company focused on the development and commercialization of medicines to treat neuroscience disorders and pain, completed a $51m Series B preferred stock financing round.
The round was co-led by Clarus Ventures and Domain Associates, current investors in Zogenix, with participation from existing investors Scale Venture Partners, Thomas, McNerney & Partners, and Abingworth Management as well as new investor, Oxford Finance Corporation.
According to an official statement, the first tranche of $36m has been closed while the remaining $15m is callable by the company’s board of directors between December 2009 and February 2010.
The funds will be used to finance the launch of the company’s first product, SUMAVEL DosePro (sumatriptan injection) needle-free delivery system, which recently received FDA approval.

Funds will support the building of the Zogenix commercial organization of over 105 people.

Zogenix has offices in Emeryville and San Diego, California.
FinSMEs
23/09/2009

The Carlyle Group Acquires Minority Stake in China’s Yashili Group

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Global private equity firm The Carlyle Group announced a 17.3% stake investment in Guangdong Yashili Group Co., Ltd., one of China’s largest infant formula companies.
The investment, made through Carlyle Asia Partners, will help South China’s Guangdong Province-based Yashili strengthen the management expertise, enhance R&D capabilities and create a world-class quality control system.
Further financial details were not disclosed.
Commenting on the agreement, Mr. Zhang Lidian, CEO of Yashili Group, said “We are always looking for value-creating partnerships that help deliver our core commitment to quality, nutrition and children’s health. Our partnership with Carlyle will greatly enhance management and operations by bringing international best practices, rigorous standards and strictest quality control, as well as adding to our financial strength”.
FinSMEs
23/09/2009

USA, ReVerb Networks Raises $9M Series A Financing

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ReVerb Networks Inc., a developer of Smart Antenna technology, raised $9m in its Series A financing round led by Friedli Corporate Finance, an early-stage technology investor based in Zurich, Switzerland.
According to an official statement, the proceeds will be used to enable the Ashburn, Va.-based company launch its VirtualRAN family of products, the PerformaNet suite of software solutions and the rV300 series of integrated radio antenna systems.
FinSMEs
23/09/2009

France, Argos Soditic portfolio company Orsyp acquires Sysload

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ORSYP, an enterprise IT automation and ITSM software company, owned by Argos Soditic funds and management, acquired Sysload Software, a provider of Data Center Performance and Capacity Management solutions.
The acquisition represents the first step in fulfilling ORSYP’s external growth strategy, which has been part of the company’s plan since the management buyout of ORSYP completed by private equity firm Argos Soditic in December 2007.
Headquartered in Paris, France, Boston, USA, Hong Kong, China, ORSYP has more than 20 years of growth and over 1000 blue chip customers.
Since 2000, Sysload has provides a scalable distributed solution to manage performance and capacity in corporate Data Center.
The transaction was funded by a combination ORSYP’s cash and a new bank loan arranged by BNP Paribas, together with LCL and HSBC.

FinSMEs

23/09/2009

USA, Altius Education Raises $8M Series A Funding

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Altius Education Inc., a company that partners with non-profit universities to launch accredited online colleges, closed an $8m Series A funding round co-led by Maveron LLC and Spark Capital along with participation from The Noah Fund.
The San Francisco-based company will use the funds to fuel the growth of Ivy Bridge College, an online two-year program that provides students an accredited path to admittance into a high quality four-year university program, and launch additional programs in other educational areas such as preparing students for careers in a sustainable economy and addressing the shortage of qualified workers in the healthcare industry.
Altius Education also announced the addition of Maveron Partner Amy Errett and Spark Capital Partner Alex Finkelstein to its board of directors.


FinSMEs

23/09/2009

UK, £22,5M Marine Renewables Proving Fund Launched

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The UK Government launched a £22,5m fund to accelerate the commercial development of marine energy in the country.
The Marine Renewables Proving Fund, which was announced in July as part of the Government’s Renewable Energy Strategy, will provide finance for the demonstration of wave and tidal technologies. The support is needed to take marine devices successfully from initial prototype development through to early–stage commercial generation, where they are eligible for funding from the Fund.
This initiative, which is managed by the Carbon Trust, the independent company set up in 2001 by the Government, uses new funding provided by the Department of Energy and Climate Change (DECC).
Up to £6m is available to successful applicants to help meet the capital costs of building and deploying wave and tidal stream prototypes. The Fund will provide up to 60% of the eligible project costs, with the rest to be matched by technology developers and their partners.
The closing date for applications is November, 6th, 2009.
For furter information, visit the website of the initiative:
http://www.carbontrust.co.uk/technology/technologyaccelerator/marine-renewables-proving-fund
FinSMEs
23/09/2009

USA, MELLmo Raises $4M in Second Round of Angel Funding

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MeLLmo, Inc. secured additional $4m in funding from private investors bringing the total amount of capital raised since its creation, in January 2008, to $10m.
MeLLmo will use funds to expand sales and business development resources to meet demand for its flagship product, Roambi, a free application that enables individuals and organizations to transform static business data into interactive visualizations that can be instantly delivered directly to any iPhone.
In making the announcement, Santiago Becerra, Chairman and co-founder of MeLLmo, said: “Our second round of funding will help us meet the growing demand for Roambi throughout the world while also allowing us to further enhance the application so that it continues to deliver added value to its users”. 
The company is headquartered in San Diego with additional offices in Santa Monica, Ca.
FinSMEs
23/09/2009
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