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September 30, 2009

VC Firm, Originate Ventures Leads $2.75 Million Investment in Series A Funding for ThermalTheraputic Systems

Filed under: Venture Capital News — admin @ 8:47 am

Based in Pittsburgh, Pennsylvania, the developer of advanced hypothermia treatments, ThermalTherapeutics Systems, announced today that it has completed $2.75 million series A funding led by Originate Ventures. Other investors who participated in this round of funding include Pittsburgh Life Sciences Greenhouse and other undisclosed private investors.

ThermalTherapeutic Systems is a developer of innovative solutions to treat hypothermia victims. Currently the company is in the final stages of its latest product, the TTS Hyperthermic Perfusion Device. This device is designed to raise the temperature of certain areas of people who are suffering hypothermia, which is a condition when a person’s body temperature falls dangerously below the normal 98.6 degrees Fahrenheit. The TTS Hyperthermic Perfusion Device is designed to raise the temperature of the thoracic and peritoneal areas of the body to warm the body back to normal body temperature.

Proceeds from this funding will go to further the advance and marketing of the new TTS Hyperthermic Perfusion Device.

According to ThermalTherapeutic’s cofounder and CEO, the financial support that the company has received from Originate Ventures is very valuable and as yet another milestone that ThermalTherapeutics Systems has accomplished. Along with this milestone, another big achievement that ThermalTherapeutics has attained was submitting the application for this product to the FDA in July. Furthermore, in August, the company had closed $750,000 from several undisclosed private investors. These achievements can benefit both physicians and investors. Physicians can benefit, because of the company’s innovative systems to treat a growing number of patients, and investors can reap their returns and have the ability to participate in an industry that has the potential to explode in a multibillion dollar industry which can reach international bounds.

According to Mike Gausling, Managing Partner at Originate Ventures; the vc firm values its investment in ThermalTherapeutics, because the company does not only fit Originate’s investment profile, but the TTS Hyperthermic Perfusion Device is destined to be a product that can disrupt the marketplace and provide enormous returns for the vc firm.

With offices in Bethlehem, Pennsylvania, Originate Ventures is a vc firm that primarily invests in early stage companies who are in the Pennsylvania geographic area. The vc firm invests in companies that have products or services in the healthcare, consumer, and some limited web-based and distribution industries. Some other companies in Originate’s portfolio include Adhezion Biomedical, South 49 Solutions, Proton Media, Rights Flow, and others.

For more information about ThermalTherapeutics Systems, click here.

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Investor, First Advantage Leads $2 Million Strategic Investment in EnticeLabs

Filed under: Venture Capital News — admin @ 2:04 am

Based in Provo, Utah, one of the United States’ leading online advertising recruitment companies, EnticeLabs, announced today that it has closed a strategic round of funding which was led by First Advantage. Other investors who participated in this round of funding include the original founders and investors of the company. Other investors also include the founders of Omniture. As part of the agreement of this funding round, Mr. Neal Bruce, First Advantage’s Senior Vice President of Product Management will join EnticeLabs’ board of directors.

Founded in 2007, EnticeLabs is a pioneer in developing products for online advertising and recruiting. The company was originally backed by funding from the founder of Omniture. Furthermore, the management team of EnticeLabs is one of the most top-notched teams in the industry. EnticeLabs’ success is credited to its flagship product, TalentSeekr, which is a platform that is an automated one-stop program that is disrupting the recruiting and talent seeking industry. TalentSeekr uses targeted ads and cutting edge artificial intelligence to recruit and find talented individuals who are either actively or passively looking for jobs in the websites and social networks where they spend most of their time online.

Proceeds from this round of funding will go to advance the marketing efforts and technological innovations at EnticeLabs.

According to Neal Bruce, the people at First Advantage are very impressed with EnticeLabs’ innovative technology and ability to recruit talented individuals and the headway the company is making in the HR industry. Mr. Bruce further added that EnticeLabs is definitely changing the online recruiting industry with its flagship product, TalentSeekr. The key to EnticeLabs’ success is that the management of the company understand the needs of their clients and know how to develop technology and methods to meet those needs.

According to EnticeLabs’ CEO, Ryan Caldwell; The management team is very happy to have such a strong supporter, such as First Advantage. The fact that First Advantage is investing in EnticeLabs is living proof that the successes that the company has had and the quality of the company’s product and service to its clients is validated. Mr. Caldwell further stated that he is looking forward to the expansion opportunities that the investment from First Advantage will afford the company.

First Advantage is an employer recruitment company that has a suite of tools that employers can use to recruit productive and talented employees by reducing time, cost, and risk. First Advantage does not only seek and recruit employees for companies, but also tracks the applicants who apply through their service.

Omniture is an online marketing service that helps improve its customers with their marketing ROI. The product that Omniture offers is the Omniture Online Marketing Suite. This suite can optimize your website’s usability, improve your marketing ROI, and more.

For more information about EnticeLabs, click here.

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VC Firms, Claremont Creek Ventures and DFJ Invest $6.5 Million in TargetCast Networks

Filed under: Venture Capital News — admin @ 1:22 am

Based in San Ramon, California, TargetCast Networks, a leading purveyor of digital TV advertising announced today that it has received a second round of formal funding from DFJ and Claremont Creek Ventures totaling a net worth of $6.5 million. This round of funding comes on the heals of a $6.3 million series A funding round that was led by Claremont Creek Ventures in September of 2007. With these two investments added up, the company has currently reached a total amount of funding totaling a net worth of $12.8 million.

TargetCast Networks is a company that develops and purveys digital TV technologies for out of home television. TargetCast’s technology allows venue operators to both create and broadcast their own custom promotional content on TV screens that their clients have in their establishments. The company also provides local, regional, and national advertisers, who can target a large audience with customized television sets at a much lower rate than conventional advertising methods.

According to the president and CEO of TargetCast Networks, Jerry Hall; proceeds from this new funding round will go to establish new strategic partnerships and create a new internal advertising sales team. Mr. Hall further stated that TargetCast’s investors have a proven track record of seeking exceptional media opportunities. Furthermore, the company’s investors understand that the company’s management has a superior domain experience in the industry and TargetCast also has patented technology and all this together puts the company ahead in a crucial time in the media and advertising industry.

Nat Goldhaber, Managing Director of Claremont Creek Ventures stated that TargetCast Networks is leading the way in a growth category that marketers are looking for in new media options, since that the more traditional media, which people have been accustom to for the past century is dying out. Furthermore, the company’s management team is run by highly diligent people who have a deep understanding of the media industry today.

This extra round of funding is not the only thing that TargetCast has announced today. Along with the joint funding with Claremont River Ventures and DFJ, the company also announced that Mr. John Fisher, who is the Managing Director of DFJ will also come on board as a new member of TargetCast’s board of directors. Mr. Fisher will join other board members, who include Claremont River’s Nat Goldhaber and Paul Straub; TargetCast’s CEO, Jerry Hall; and Dr. Peter Sealey, who was Coca Cola’s CMO and a well known advertising media expert.

According to DFJ’s John Fisher, the advertising on out of home digital television networks is becoming a growing platform. This platform is not only a new platform, but is also growing at not only the local level, but at the national level as well. Mr. Fisher further added that the loud sucking sound of dollars draining out of the sinking traditional media industry and going into the new digital media of the 21st Century makes TargetCast Networks a good investment and a great opportunity for all of its investors.

With over $305 million under its management, Claremont Creek Ventures is a vc firm that primarily invests in seed and early stage companies who are in the energy management and conservation, IT, healthcare, security, and tech industries. Claremont Creek Ventures is a prominent vc firm that is based in Oakland, California. Some other companies in Claremont Creek’s portfolio include Adura Technologies, Arcxis Biotechnologies, Gene Security Network, Lefora, Sentilla, and others.

DFJ, or Draper Fisher Juvertson, is a globally renowned vc firm with its headquarters in Menlo Park, California and other offices in New York City, China, and India. In the vc firm’s 24 year history, DFJ has invested in over 500 companies; some of which are well known household names, such as Hotmail, acquired by Microsoft; Skype, and others. Other companies in DFJ’s current portfolio include 4Info, Abuzz, AltoBeam, AppStream, BinOptix, and others.

For more information about TargetCast Networks, click here.

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September 28, 2009

VC Firm, I2BF Venture Capital Leads $9 Million in a Bridge Funding Round for South Korean Based Nesscap, Inc.

Filed under: Venture Capital News — admin @ 5:32 am

Based in Seoul, South Korea, South Korea’s leading power storage company, Nesscap, Inc., announced today that it has just closed a $9 million investment in a bridge funding which was led by British based vc firm, I2BF Venture Capital. Other vc firms that participated in this round of funding include local investors in the region, who are not disclosed to the public.

Nesscap, Inc is a company that is leading the South Korean market in producing ultra capacitors and power storage units for long term energy storage. The company features a large array of different products that are a standard in the industry. Nesscap offers products that range from three to five thousand farads and have organic electrolytes that are recognized by the electric power storage and ultra capacitors industry. Furthermore, Nesscap states that its products have both cells and modules that are for the transportation, power, and consumer industries.

According Nesscap’s chairman and CEO, Dr. Sunwook Kim; both he and the management are very pleased that the company has the support of such a strong investor, such as I2BF Venture Capital. Dr. Sunwook further stated that the support from I2BF demonstrates the support of Nesscap’s technology and proof that it is doing well in the marketplace.

Based in London, United Kingdom, I2BF Venture Capital is a high class vc firm that has a mission of supporting companies that are in the energy industry. I2BF Venture Capital was founded in 2005 with a mission to improve the energy sector in the United States, Europe, Asia, and the South Pacific. I2BF is a subsidiary of Arbat Capital Management, which is one of Russia’s top vc firms. Currently, I2BF Venture Capital has over $90 million of assets under its management. Along with venture capital, I2BF Venture Capital also has a hedge fund that is worth over $25 million. The primary focus of I2BF Venture Capital is in renewable energy, and on their website they show a diagram of the different sectors of the energy industry the vc firm focuses on. Some of the sectors include wind, hydrogen, solar, and ocean energy. I2BF Venture Capital also invests in biofuel companies and companies who are in the water purification and energy efficiency industries. Some other companies in I2BF’s portfolio include Primafuel, Solix Biofuels, Prism Solar Technologies, Epuramat, Solar Silicon, PowerBeam, and others.

For more information about Nesscap, click here.

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Adimos Takes the Wiring Out of Your Home Entertainment System

Filed under: Start-up Companies Reviews — admin @ 5:17 am

Wireless technology is not new. At the beginning of the 20th Century, wireless technology began with the advent of radio and later television. Furthermore, toward the end of the 20th Century, wireless technology came to the phone industry and by the late 1980s almost everyone already had a cordless phone. Through the 1990s and the beginning of the 21st Century, however, wireless technology has taken new bounds with WiFi, Bluetooth, and other signals. Adimos is just another example of how far has come in this century.

Adimos is not just another wireless company, but a wireless company that makes wireless transmitters and receivers that will connect just about anything, from video and audio equipment to your television set. Adimos even has technologies that lets you connect your iPod wirelessly to your home entertainment system.

If you browse over the Adimos company website, you can see all the types of applications that Adimos technology can apply. You can look at the company’s applications overview and see exactly Adimos offers. You can buy different devices that can even connect your computer and its peripherals to your TVs or other electronic equipment.

One of the unique applications that Adimos offers is the ability to connect your plasma screen TV with a digital media player, such as a DVD player or a DVR wirelessly. The way this works is that Adimos creates top boxes, which you can set throughout your home and some of these boxes will transmit a wireless signal, whereas others will pick up the signal. The receivers are wired to your TV and the transmitters are wired to your different video players.

Another innovative application that Adimos offers is a many to many wireless connection. This is a special wireless system that is designed to connect multiple devices that make up a home entertainment system. This setup allows you to connect all kinds of components to an entertainment system, such as your radio tuner, DVD players, DVR, satellite tuners, and different audio players. These devices can be wirelessly connected to your plasma screen TV and to speakers positioned throughout your house. The way this application works is that the different components of the entertainment system are wired to a small transmitter that transmits the wireless signal to a wireless hub, which is both a receiver and a transmitter. The wireless hub picks up the signal from the individual devices and then transmits it to either the television or speakers. What is the most amazing thing about this system is that you can even connect your different components of the wireless system to more than one TV set.

You can set up multiple video devices and even stream multiple video streams to different TV sets throughout your home, using the Adimos Set Top Box.

This does not stop there. Adimos, believe it or not, even has devices that allow you to connect your portable music player, such as your iPod, MP3 player, or other devices. This is a device that has a dock that your iPod can dock into. The dock has a wireless transmitter that can transmit the wireless signal to a receiver that is wired to your TV set.

Adimos also has devices that can connect any older device that was never designed to be a wireless device. Using the Adimos pair box, you can connect VCRs, DVD players, and other units to older TV sets and have them connected wirelessly. The way the pair box works is that one box is a transmitter, which is wired to your video source and the other is the receiver, which is connected to your TV set.

Adimos was founded by both Eran Igler and Dr. Michael Genossar, who are currently still working with the company.

Eran Igler, besides being the cofounder of Adimos, is also the company’s CTO. Mr. Igler has a great deal of experience in leading high-tech communications projects. Before founding Adimos, Mr. Igler worked for several technology and wireless companies, which include Floware Wireless Systems and Alvarion. When Mr. Igler worked for those companies, he was in charge of chip and development, which include HW and SW technologies. Mr. Igler graduated from the Technion Technology Institute with a BS in Electronic Engineering and then went on to graduate from the University of Tel Aviv with an MBA cum laude.

Dr. Genossar also works at Adimos as the company’s chief scientist. Dr. Genossar also has deep experience in the tech industry. His experiences include 20 years of research and development and led different technological groups who were involved in wireless signal processing, modem design, and wireless systems. Before founding Adimos together with Mr. Igler, he was in charge of the modem development group at Floware. He later went up the corporate latter at Floware, by becoming the company’s CTO in 1999. After holding that position, Floware merged with Breezecom, Dr. Genossar became the CTO of Alveron. Dr. Genossar graduated from the Technion Technology Institute in Israel with a BS summa cum laude in Computer Engineering. He then went on to graduate from Stanford University with a PhD in Electrical Engineering. Other achievements that Dr. Genossar has on his belt include winning the Philip Merlin Award and a Fulbright grant.

Adimos’s investors include JVP, Benchmark Capital, Gemini Israel Funds, and Genisis Campus; which invested $12 million in series A funding in August 3, 2009.

Founded in 1995, Benchmark Capital is a vc firm that is devoted to helping entrepreneurs build major companies in the tech industry and are in for long term growth. Currently Benchmark Capital has over $2.3 billion in committed capital and the vc firm believes in taking a labor intensive team approach when investing in a company. Other companies in Benchmark’s include 1-800-flowers.com, AllPosters.com, AOL, LogoWorks, ebags, eBay, Ofoto, Open Table, and others.

Gemini Israel Funds is one of Israel’s top vc firms that is dedicated to helping startup companies get their feet on the ground. The people at Gemini believe in helping talented entrepreneurs build successful companies in the tech industry. Some other companies in Gemini’s portfolio include Contextream, Massive Impact, Schema, Outsmart, and others.

JVP is a large international vc firm that primarily invests in early stage companies who are in the enterprise software, communications, communications, and mobile infrastructure industries. JVP currently has over $670 million under its management and has offices in New York, London, and Jerusalem. Some other companies in JVP’s portfolio include Allot Communications, Altair Semiconductors, CyOptics, Double Fusion, Infinite Memories, and others.

The Genesis Campus is a vc firm that takes a personalized approach to investing in early stage companies. The Genesis Campus likes to invest in entrepreneurs who are energetic and have both a vision and experience. Furthermore, entrepreneurs who are candidates for an investment from Genesis must have the desire to change the industry they are in. The Genesis Campus is different from other vc firms because unlike other vc firms, the Genesis Campus is made up of entrepreneurs itself and understands the stresses that entrepreneurs go through when they start up their own business. Other companies in Genesis’s portfolio include Arrowping, Inner Wireless, NA Solutions, 10C Technologies, and others.

Adimos is a privately owned company that is based in Mountain View, California. Currently there are no major competitors that provide a serious threat to Adimos.

For more information about Adimos, click here.

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September 24, 2009

VC Firms, CTTV Investments LLC, Flagship Ventures, Khosla Ventures, and Lightspeed Venture Partners Invest $5 Million in .LS9, Inc.

Filed under: Venture Capital News — admin @ 5:11 am

Based in South San Francisco, California, renewable petroleum company, LS9, Inc announced today that it has closed a $5 million round of funding from CTTV Investments LLC, Flagship Ventures, Khosla Ventures, and Lightspeed Venture Partners.

LS9, Inc is a privately owned company that specializes in renewable petroleum. LS9 creates renewable petroleum by employing biotechnology to develop commercial fuels and chemicals. Synthetic biology can meet the growing demand for alternative fuels by producing fuels that have the same properties of petroleum based fuels and are compatible with the existing consumer infrastructure. The fuels that are produced by LS9 are very clean and produce very low carbon when consumed. The fuels are made from sugar-based products, such as sugar cane and cellulosic biomass.

LS9’s fuel is developed from a one-step fermentation process that converts plant-based material into reliable fuels and high value sustainable chemicals.

According to LS9’s Vice President of Research and Development, Stephen del Cardayre; the company provides a fuel that is highly clean and safe for the environment. Furthermore, these fuels are not only low carbon emitting, but are also of high quality and cost effective. Mr. del Cardayre further added that proceeds from this round of funding will go to expedite the development of more of these new biofuels and chemicals that can benefit many industries on a broad scale.

LS9’s technology is so innovative that by 2010, the company estimates to have a biofuel available that is practically identical to diesel and jet fuel, but less dirty. LS9 is unique because it has been able to show how it can manipulate the genetic makeup of microbes to taylor them to the needs of the productions of LS9 products.

CTTV Ventures LLC is the vc arm of the Chevron Technology Ventures, which is an investment branch of Chevron Oil. Chevron Technology Ventures invests in energy innovators who have the potential to benefit the Chevron Oil Company.

Founded in 2000, Flagship Ventures is a well respected vc firm that is devoted to the funding and realization of innovative companies. Flagship Ventures primarily invests in companies which have an innovative proprietary technology or service in the therapeutics, life sciences, tools & diagnostics, bio energy, and clean tech industries. Some other companies in Flagship’s portfolio include Advanced Electron Beams, Oasys Water Novomer, Zegen, and others.

Khosla Ventures is a vc firm that believes that an entrepreneur is a person who “dares to dream and who is foolish enough realize those dreams.” Khosla Ventures does not only offer financing to companies, but also strategic advice and help to entrepreneurs who are diligent enough to realize their ideas and extend them to new potentials.

Lightspeed Venture Capital is a vc firm that has a global presence with offices in Silicon Valley, China, Israel, and India. The vc firm currently has over $2 billion in committed investments and has opened its seventh fund of $800 million. Other companies in Lightspeed’s portfolio include Ask Laila, 99Bill.com, Aerohive, Bling Nation, Car Domain, CoalTek, and others.

For more information about LS9, Inc., Click here.

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September 23, 2009

Learn to Babble With Babbel

Filed under: Start-up Companies Reviews — admin @ 5:17 am

The most amazing thing about the internet is that it is a medium where anything goes. You can do all kinds of things on the internet, from watching TV and listening to the radio to playing sophisticated video games, but did you know that you can learn foreign languages on the internet as well? Yes, you can, with Babbel, a company that offers online courses in English, French, German, Italian, and Spanish. Founded in 2007 and based in Berlin, Germany; Babbel has a playful and interesting way to learn a foreign language online.

To get started with a course on the Babbel website, you need to first register with the program and it is free. Furthermore, the registration process is rather simple. First, you need to type in your first and last name, type in a username, type in a password and reconfirm it, and your email address. You also need to select the language that you want to learn. There are a few pros and cons about Babbel, however. One of the biggest pros that Babbel has is that they have a system where you can connect with people who speak the language that you intend to learn and you can greatly improve your language skills by communicating with native speakers. The biggest con that Babbel has is that, unlike some of the bigger offline language software packages available, like Rosetta Stone, the number of languages that you can learn on Babbel is rather limited. Right now you can only learn five languages of Babbel, but the company is still rather new, launching its service just two years ago.

Once you have finished the registration process, you can start the language that you want to learn. Babbel has many tutorials to show you how to use their program. You can then choose different courses that are available on Babbel, depending on the level of knowledge you have on the language that you are willing to learn. For example, the first course that you will see, this is especially the case if you do not know the language at all, but want to learn it from the very beginning, is very basic. For example, suppose you want to learn Italian, one of the languages available on Babbel. The first lesson you will see is about getting acquainted. These courses have some of the most basic phrases, such as saying “hello” or “How are you.”

The beautiful thing about Babbel is that the language courses are not just in text. They have voice recordings on the site that are recorded by native speakers. This is very important to learn how to speak in that language. You can see how it is written with all the proper accent marks on the accented letters, and if you want to hear how that phrase is pronounced correctly, you can click on the little orange circle with the play symbol to the left of the written phrase.

At the bottom of each learning page is a grey circle with the play symbol. When you click on that circle, it will take you to the next lesson. The following lessons show how you can express greetings both formally and informally. The second lesson also shows how you tell someone “good morning, good day, good evening,” etc. Toward the middle or the end of each lesson, the Babbel website will even quiz you on a 24 point scale. The way the quiz works is not exactly the best. It is a mix and match. There are six images that are labelled A to F. Each image is a photo of someone or people doing something together. Below the pictures are phrases that you can also listen to. To the left of these phrases, you see a line, on which you click and a drop menu appears with the letters A to F. You need to decide which picture corresponds with which phrase.

Following the first quiz, the lessons go on and you can learn and make more progress. Here comes another question. Suppose you are finished learning Italian or don’t want to learn Italian anymore. Can you change the language that you want to learn? Yes, you can. Suppose you want to learn German instead of Italian. At the top right hand corner of the website, you will see the flag of the country in which the language you are learning is spoken in. If you were originally learning Italian, you will see a circle with an Italian flag. If you click on that flag, you will see a pulldown menu, and you can choose from the rest of the languages that are available. You can use Babbel to learn one language after another.

Babbel is a privately owned corporation that employs 14 people and four people on its management team, who are Markus Witte, managing director; Lorenz Hein, managing director; Thomas Holl, technical director; and Toine Diepstraten, R&D and IT director. The four people on the management team also founded Babbel.

Babbel’s investors include KIZOO Technology Ventures, and VC-Fonds Berlin.

KIZOO Technology Ventures is a vc firm that is dedicated to the internet services industry. Some other companies in KIZOO’s portfolio include MegaZebra, Fun&Smile, and others.

Babbel does have many competitors. Some of these competitors include Friends Abroad, Lingus TV, and Live Mocha.

Friends Abroad advertises itself to have up to over 80 languages and provides a service similar to that of Babbel. The only thing is that is competitor must have gone out of business or acquired by Babbel, because when you click on its website you get redirected to the Babbel website.

Lingus TV has a service that is similar to Babbel, but incorporates video as well as audio. Lingus TV, however, is much more modest than Babbel, with only the ability to learn Spanish. Lingus TV is still undergoing beta testing.

Live Mocha is a language learning website that is also undergoing beta testing. This company has become one of the top Web 2.0 companies and Live Mocha can pose some serious competition for Babbel because it has over 200 languages available to learn.

For more information about Babbel, click here.

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Computers Can Crash, but Nomadesk Can Save the Day

Filed under: Start-up Companies Reviews — admin @ 5:14 am

Many of you probably have had a computer that crashed. The likelihood of Windows is phenomenal, but Macs can also crash from time to time. Computer crashes can happen to any computer user, whether a PC or a Mac user. In some cases computers can crash severely and you can loose everything that is on your hard drive. Been there, done that? You probably have. Well the internet, believe it or not, can be a great tool to save a backup of all your files to a remote server. This is exactly the service that Nomadesk offers. Though there are other companies which offer similar services, Nomadesk claims to offer one of the most user friendly and secure file backup and sharing network.

In order to use Nomadesk, you have to download its special software. Nomadesk has a new software for you to download and is currently in beta testing. The software is free of charge, but the service that Nomadesk provides does have a cost. Nomadesk has a software version for both Windows and Mac Leopard. Nomadesk offers two services with different fees. The first service package that Nomadesk offers is the Team File Server, and the Personal File Server.

The Team File Server costs $15 per month and is oriented more to the business community. This service package would bill out yearly to $180 per year. Some of the features in the Team File Server package are synchronization for an unlimited number of PCs, allows for file sharing for an unlimited number of guests, secure storage, secure file server backup, email2 folder, has both free live chat and phone support, file link, and theft guard protection.

The Personal File Server package is much cheaper, costing only $50 per year. This service is much more modest than the Team File Server. This particular service package offers only synchronization to five PCs, no file sharing capabilities, secure file storage, secure file backup, no email2 folder, file link, free live chat and phone support, and theft guard protection.

On the Nomadesk site, there are many testimonials posted by small business owners, who use the Nomadesk software and services. The testimonials are on the whole positive. Many small businesses like the Nomadesk software and service, because it allows their management to share files from anywhere on the globe. People can store files on the Nomadesk File Server and be assured that these files are not only secure due to technical glitches, but from theft as well.

This service is especially good for freelancers. Freelancers are always on the go and Nomadesk allows them to access files from any computer and save files from any computer and access those files from other computers.

Nomadesk was founded by three people. These people are Philip Tack, Peter Geldhof, and Miguel De Buf.

Besides being one of the cofounders, Mr. Tack also works at the company as its CEO. Nomadesk was founded in 2004, and before coming to Nomadesk, Mr. Tack held some key positions in some major telecom companies. Mr. Tack also has experience in the IT industry. Mr. Tack graduated from Ghent University with both a BS and an MS in Bioscience. He then went on to receive his MBA from Vlerick Leuven Ghent Management School.

Another cofounder of Nomadesk is Peter Geldhof. Besides being one of the three cofounders of Nomadesk, Mr. Geldhof is also working at the company as its COO. Mr. Geldhof has deep experience in IT service management and in other areas of communications, including quality assurance. Mr. Geldhof also graduated from Ghent University with a Bachelor’s Degree. Mr. Geldhof is an IT specialist and clearly understands the value of IT products.

The third cofounder of Nomadesk is Miguel De Buf. Mr. De Buf also works at the company as its CTO and has deep experience with project management and IT service management. Mr. De Buf’s experience is very crucial to Nomadesk, because his area of expertise is client-server application design and development. Mr. De Buf also graduated from the University of Ghent with a Master’s Degree in Civil Engineering and a Post Graduate Degree in Information Technology.

Nomadesk’s investors include the three cofounders, Business Angels, IWT, and Participatiefonds; which invested $450,000 in seed funding in August of 2005, and then were joined by GIMV for a $4.5 million investment in series A funding.

Founded in 1992, Business Angels was founded to match successful entrepreneurs with angel investors who have both the money and the expertise to make a business successful. Business Angels is not necessarily a vc firm, but connects angel investors with small to medium businesses. The people at Business Angels believe that small business and business ventures are key to a healthy economy.

Based in the Netherlands, Participatiefonds is a federal financial institution of the Netherlands that finances self-employed professionals.

GIMV is an independent investment company that is located in Belgium. GIMV primarily deals in both venture capital and private equity and primarily invests in European companies. GIMV is on the Euronext list in Brussels. The investment company searches for active participation and an enterprise environment.

Although there are some different companies that are similar to or provide slightly similar services to Nomadesk, the company does not have any noteworthy competition as of yet.

For more information about Nomadesk, click here.

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September 22, 2009

VC Firm, JAFCO Ventures Leads $6 Million in Series B Funding for Vuclip

Filed under: Venture Capital News — admin @ 7:35 am

Based in Milpitas, California, one of the United States’ leading pioneers of video for mobile phones, Vuclip announced today that it has closed $6 million in series B funding lead by JAFCO Ventures. Other investors who participated in this round of funding include the company’s existing investor, New Enterprise Associates.

Vuclip has developed the one of the biggest video search engines for mobile phones. Furthermore, Vuclip’s video portal is the only video portal that can transcode and transcribe all web videos to any mobile phone across almost any wireless network worldwide. The service that Vuclip is free, but carriers may charge the users of that particular service for bandwidth costs. Vuclip also allows publishers to publish their web video content through their white labeled Vuclip Video API program.

According to Vuclip’s CEO and founder, Nickhil Jakatdar; Vuclip’s service was built on a browser that address all the technical problems that some mobile phones might encounter with web videos. The solution that Vuclip offers gives media companies the opportunity to have a global audience and allows for the mobilization of these videos online.

To date, the service that Vuclip provides has already reached over 1,000,000 people in over 150 countries throughout the world. Vuclip also has many different partnerships with some of the world’s premium media and advertising companies. Advertisers can use Vuclip as a vehicle to reach millions of consumers.

Founded in 2003, JAFCO Ventures is a vc firm that has over $350 million under its management. The vc firm primarily invests in companies who are in the communications, internet, semiconductor, and software industries. JAFCO Ventures is based in Palo Alto, California and also has offices in Asia and invests in the United States, China, and Japan. Some other companies in JAFCO’s portfolio include 41st Parameter, Aster Data Systems, Calypto, ClairMail, and others.

New Enterprise Associates, or NEA is one of the leading vc firms, who’s primary mission is helping entrepreneurs build new powerful enterprises. NEA was founded in 1978 and has several principles that it bases its investments on. The first principle that NEA bases its investments on is helping and supporting the entrepreneurs in whom the vc firm invests in. The second principle is to participate in the profession of the industries in which the vc firm invests in and earning the highest respect in the industry. Currently, NEA has over $8.5 billion of committed capital under its management. NEA also has offices in both China and India. Some other companies in NEA’s portfolio include Amicus Therapeutics, 3Com, Actelis, Argon Networks, Ascend Networks, Astral Point Communications, and others.

For more information about Vuclip, click here.

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September 21, 2009

From the Ashes of Failed Business Plans Sprouts the Success that is Cafe Press

Filed under: Start-up Companies Reviews — admin @ 5:35 am

Business can be tricky sometimes. Many successful businessmen fail many times over before they become successful. This is especially true with Cafe Press. What is Cafe Press? Cafe Press is a combination of an advertising company and a printing company. Cafe Press prints T-shirts, coffee mugs and other ceramics, stickers and buttons, cards and calendars, and arts and posters. Cafe Press also offers gifts for sale as well. When you first pull up the Cafe Press website, you will see many different T-shirts that Cafe Press has printed for different people and business. Many businesses use Cafe Press for their marketing as well. There are many products that Cafe Press has to offer, and what is even better, Cafe Press offers reasonable prices for custom printing on just about anything.

The top product from Cafe Press, however, is T-shirts. On the website, you can see some of the hottest T-shirts that Cafe Press has printed for various businesses, organizations, and social groups. If you own a business or want to sponsor a fundraiser, Cafe Press might just be the right thing for you. Cafe Press has some T-shirts that are humor of all sorts, ranging from political to geek to other types of humor. Not only does Cafe Press sell all kinds of different T-shirts, and other accessories, the company also allows you to make your own T-shirts. By clicking on the hyperlink that is at the very top of the website, “Make Custom T-shirts and More,” you can see a broad range of T-shirts, sweatshirts, and other articles of clothing that you can have Cafe Press customize just for you. You create the design and Cafe Press will print it. Cafe Press also even has T-shirts for dogs that you can have something printed on.

It does not even stop there. Besides T-shirts, Cafe Press also offers a wide range of other different customizable products for you to choose from. Perhaps you want to place your business logo on a coffee mug, or on some other type of article. Well, Cafe Press has something for you too. Cafe Press also has a wide range of different cards, stickers, bumper stickers, and calendars that you can customize for yourself or your business or charity. Cafe Press also makes banners, yard signs, greeting cards, posters and more.

Cafe Press also has a small variety of different drink ware that you can customize for yourself or your business or charity. These include water bottles, coffee and beer mugs, keepsake boxes, and tile coasters for hot pots on the table.

In a nutshell, Cafe Press will practically print on anything for you. Other things that Cafe Press customizes are mouse pads for your computer, wall clocks, dog and cat food boles, buttons, refrigerator magnets, and much more. If you want Cafe Press to customize a large quantity of items for you, they even offer a bulk price and the company also has no minimum limits. This is great for the individual who wants a T-shirt for him or herself.

Cafe Press is a true success story. As the title of this article mentions, the founder of the company has had many failures before he succeeded with Cafe Press and not only is this company successful in the United States and in the area where it was founded, on the West Coast, but internationally as well.

Besides the company’s main website in the United States, Cafe Press also has websites for the United Kingdom, Australia, and Canada. The US website is also the website that Cafe Press uses for doing business throughout the world. Cafe Press also accepts several other currencies, besides the US Dollar, which include the British Pound, the Euro, the Canadian Dollar, and the Australian Dollar.

The cofounder of Cafe Press is Fred Durham, who also works at the company as its CEO. When you click on the About Cafe Press hyperlink on the Cafe Press website, you can watch an interesting video that has Mr. Durham explain everything about the company and how it was founded. In the video he explains that he came to the Bay Area in southern California, because that is in his view “the Hollywood for Geeks.” He also states in the video that he had ten business plans about two types of businesses, helping businesses sell their products on the internet and providing a medium for businesses to print their advertising material on. Nine of these ten business plans failed, so Mr. Durham came up with the idea to combine the two things together and change them a bit. This idea became the core idea that grew into the successful Press Cafe. In the video, Mr. Durham was doing most of the narrating and explained that he could create a company that allows businesses to sell something on the internet and have something that can be customizable and be generated on demand. This is the main idea that is behind Cafe Press.

The company video also features some of the customers that Cafe Press has acquired. Cafe Press has acquired a unique variety of different customers who have different ideas about their products and have turned to Cafe Press to produce their ideas. One of these customers, featured in the video is Matt Jervis of Kulture Hero Designs. According to Mr. Jervis, Cafe Press is a neat place for him to express himself. This is also another unique thing about Cafe Press. You can also sell your creativity on Cafe Press and many T-shirt artists sell their T-shirts on Cafe Press and make a profit.

Another Cafe Press customer featured in the company promotional video is Jolene Sugarbaker, of Jolene’s Trailer Park. The business plan that Ms. Sugarbaker is to “right the trailer park name,” which she has been doing with not only her products, but also through the internet and hope shows. Mr. Sugarbaker further went on to explain that though her theme is the trailer park, she wants to turn a negative into a positive. She went on to say that there are many people whop either do not like something or are anxious about something, such as going to the dentist. She will use these anxieties or dislikes that people have about certain things, such as going to the dentist. She comes up with all kinds of shirt designs, such as “sexy waitresses” and other ideas. Ms. Sugarbaker also believes that many people are on the internet begging for money, and she says that there is something wrong for that. Ms. Sugarbaker further stated that she feels fulfillment, since she knows that when someone buys her product, she knows that someone is helping her cause and at the same time she knows that her images, slogans, etc. are being worn by real people around the world.

A third Cafe Press customer featured in the company promotional video is Lisa Spodak of Lisawalks.com. She runs a charity against breast cancer, which she started when her mother was diagnosed with the disease. Ms. Spodak has a walking fundraiser where she walks and raises money, from which the proceeds go to help fight breast cancer. She goes on in her video to explain how she started with this fundraiser where she needed to raise a minimum of $1800 but with her first walk she managed to raise over $4400 and then in her second walk she managed to raise $7800. She noticed that she was being successful with her fundraiser and wanted to reach out to people who were not her close acquaintances, so she turned to Cafe Press for help. Along with walking 14 Avon Walks to help fight against breast cancer and wearing T-shirts that were printed by Cafe Press, Ms. Spodak was able to raise over $110,000. Lisa Spodak further stated that social expression can be very important and when she wears one of her T-shirts people can see what is important to her.

The video closes with Mr. Durham again explaining that Cafe Press is at the heart of the trend of people wanting to express themselves and this is one of the reasons that the company is so successful.

Cafe Press was founded in October of 1999 and is based in San Mateo, California. The company currently employs ober 300 people.

Cafe Press’s investors include New Millennium Partners, PacRim Venture Management, and Staenberg Venture Partners who invested $1.2 million in series A funding in March of 2000. These investors added another $300,000 to the series A funding in May of 2001. These investors were later joined by Sequoia Capital for a $14 million investment in series B funding in 2005.

New Millennium Venture Partners is a vc firm that primarily focuses its investments in angel and seed and first round companies who are in the internet industry. The vc firm believes in turning entrepreneurs and their ideas into great companies. Some other companies in Millennium’s portfolio include CodersLife, WildTangent, Kana, LookSmart, Four11, and others.

Based in Seattle, Washington, Staenberg Ventures is a vc firm that is committed to the companies that it invests in. Staenberg Ventures primarily invests first in the early stages of the company and co-invests together with other institutional investors in later stages in the company’s life. Some other companies in Staenberg’s portfolio include Aprimo, Blue Marlin, Care2, Corrigo, Intrepid, and others.

Serquoia Capital is a vc firm that invests in early stage companies who are in the healthcare, energy, internet, outsourcing services, and tech industries. A typical investment from Sequoia Capital ranges from $1 million to $10 million per round. Some other companies in Sequoia’s portfolio include A123, Achates Power, AdBrite, AdMob, FireEye, InfoBlox, and others.

Though Cafe Press does show signs of success, it does have a few competitors that it has to deal with. A couple of Cafe Press’s major competitors include Zazzle and Spreadshirt.

Zazzle was founded in 1999 and provides a service that is similar to the service that Cafe Press offers. Zazzle prints and sells everything from T-shirts to postage stamps and pays artists commissions to sell their designs on the Zazzle site.

Spreadshirt is also a company that has a similar service to the service that Cafe Press offers. Spreadshirt was founded by a German graduate student who later built the company and based it out of Pittsburgh, Pennsylvania. Spreadshirt’s service allows anyone, to be either an individual or a company to design and market their T-shirt with the company.

For more information about Cafe Press, click here.

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BidRodeo, Online Penny Auctions That Offer Five Free Auctions to New Users

Filed under: Start-up Companies Reviews — admin @ 5:32 am

About 15 years ago, a new dynamic way of obtaining information was born. First called the information super highway, now more popularly known as the internet, this information super highway has not just become a new means to get information about practically anything, but has become a new marketplace as well. Over the past years, many different businesses have come onto the internet and people have been buying things on the internet. Another thing that has come on the internet are internet auctions, pioneered by eBay, which has become the largest internet auction. However, since eBay, many other internet auctions of all different kinds have also appeared on the internet. BidRodea is one of the many internet auctions that has appeared on the internet since eBay.

BidRodeo was first thought of in August of 2008 by people who enjoy the internet, and then it was launched by AMPP LLC in the spring of 2009, BidRodeo is one of the newest auctions to appear on the internet. BidRodeo is different from eBay, in that it is a penny auctions, so bids can be as low as 70 cents. In order to use BidRodeo, you must first sign in. The signing in process is quick and easy, unlike some other online subscription sites. First, you need to type in a username, which has to be three to thirteen regular characters, such as letters on your keyboard, with the exception of the “@” character. Then you need to type in and confirm a password, and your email address. You also have the option to type in a coupon code, if you have one. To finish up the process, you need to decipher letters and numbers in a coded image. Once you have done all that, you are in and you need to wait for a confirmation email to come into your email account.

Once you have signed up onto the auction, you will notice as a new member, that BidRodeo offers five free auctions to new users. Unlike, eBay, however, to be able to bid on something on BidRodeo, you have to buy bids. There are several bid packages that you can choose from. The premium package that BidRodeo offers is known as the “Grand Bargain,” and this bid package costs $140 and gives you a total of 200 bids on the site. The next package is the Mega Deal package, which costs $72 and offers 100 bids. The bidding package below that one is the Special package, which costs $37 and offers 50 bids. The bidding package below the Special is the Value package, which costs $16 and offers 20 bids on the auction. The lowest and cheapest package offered by BidRodeo is the Basic package, which costs $10 and offers ten bids on the auction. You get a coupon code that allows you to get ten free extra bids upon the purchase of your first bid package. Bidrodeo also offers rookie auctions for those people who never won an auction.

To win the 10 extra bids in the auction, you must type in the coupon code when you buy a bid package.

BidRodeo is owned by AMPP LLC and its investors are not disclosed to the general public. The two people who are in charge of AMPP LLC include Weronika Cybulska and Chrystian Cybulski.

Mrs. Cybulska was born in Poland and when coming to America, she originally had a career in the jewelry industry where she was a product development specialist. Later on she decided to change her career plans and decided to go into internet marketing. Since the conception of BidRodeo in 2008, Mrs. Cybulska had been on board and worked diligently on concentrating on usability, operation, and on marketing the site online. One of Mrs. Cybulska’s personal hobbies is world travel and has traveled extensively throughout the world; including riding camels in India, swimming with sting rays in Belize, and fishing for trout in Mongolia. Mrs. Cyburska also traveled throughout Asia and Europe by rail, car, and bus; and enjoys the local culture of every country she visits. Mrs. Cybulska received her Masters in Business Administration from the Warsaw School of Economics in 2007.

Mr. Cybulski is also an avid world traveler and that is how he met Weronika Cybulska. At AMPP LLC, Mr. Cybulski is in charge of building all the websites. Mr. Cybulski has always been interested in computers and the internet ever since the <blink> tag was in fashion. Mr. Cybulski is also experienced in computer animation, graphic design, and web design. Later on, Mr. Cybulski began more serious work in the computer industry, such as designing applications for desktop computers and the internet. Before Mr. Cybulski started to work on BidRodeo, he worked at Blue Tie, Inc. since 2001. He started his travels around the world in 2005.

Though, BidRodeo is a new website from AMPP LLC, it does have some competition. BidRodeo’s major competitor is Swoopo, which was originally known as Telebid. Swoopo is also an online auction of the same type and style as that of BidRodeo. Swoopo offers low bids, but the only difference is that Swoopo has an international market. Swoopo was first launched in the United Kingdom in 2007 and then by 2008, it was launched in Spain, the United States, and Austria. Swoopo’s investors include Wellington Partners, who invested in the company in series A funding and August Capital, who invested in Swoopo for series B funding.

For more information about BidRodeo, click here.

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VC Firm, CHL Medical Partners Leads $20 Million Investment in Series C Funding for PrimeraDx

Filed under: Venture Capital News — admin @ 5:11 am

Based in Mansfield, Massachusetts, molecular diagnostics company; PrimeraDx announced today that it has closed $20 million in series C funding, which was led by CHL Medical Partners. Other investors who participated in this round of funding include the company’s existing investors, who are Abingworth, InterWest Partners, Malaysian Technology Development Corporation, MPM Capital, Burrill & Company, and the Invus Group.

PrimeraDx is a company who is in the growing molecular biological medical industry, and the company has an amazing ability to attract many investors. The main focus of PrimeraDx is in the field of molecular diagnostics to help physicians and clinicians diagnose many kinds of serious diseases. The success in PimeraDx is its unique platform, which is automated and designed to be multiplexed and cost effective. Furthermore, these tests can be very accurate and the whole platform is based on PrimeraDx’s proprietary technology, STAR Technology, which is employed with the ICEPlex instrument.

The STAR Technology is actually short for Scaleable Target Amplification Routine, and it is a new method to test the nucleic acids of several different cells at the same time. This new technology is based on an innovative technology that is PCR and CE. PCR is an acronym for Polymerase Chain Reaction and CE is short for Capillary Electrophoresis. The way that STAR Technology works is that it targets the nucleic acid of multiple cells and the targeted acids are then monitored by taking a sample of the PCR reaction and during the cycle, this technology separates and quantifies the PCR products by the CE.

According to PrimeraDx’s president and CEO, Martin L. Verhoef; the company is very excited to welcome CHL Medical Partners aboard. The fact that PrimeraDx is able to attract as many investors as it has validates that its revolutionary STAR technology can disrupt the marketplace. Mr. Verhoef further added that proceeds from this round of funding will go to continue the commercializing of PrimeraDx’s proprietary technology. The funding will also advance regulatory strategy and broaden the quantitive multiplex test menu to run the company’s IcePLEX system.

According to Richard Lennox, partner at CHL Medical Partners; PrimeraDx is a superb investment opportunity. There are many unmet needs in the molecular diagnostics industry, and PrimeraDx seems to be meeting these needs. Furthermore, there are some crucial needs that are not met in this particular industry and PrimeraDx seems to be meeting those needs with great success.

CHL Medical Partners is a world-class vc firm that seeks both entrepreneurs and inventors who are working on innovative technologies for the molecular diagnostic, healthcare, and medical devices industries. Currently the vc firm has over $120 million under its management in its sixth fund. Some other companies in CHL’s portfolio include Still River Systems, Valeritas, Medicus Insurance Company, Fidelis Seniorcare, SemperCare, and others.

For more information about PrimeraDx, click here.

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September 18, 2009

Private Equity and VC Firm, Inventages Invests $18 Million in Series A Funding for MooBella

Filed under: Venture Capital News — admin @ 5:38 am

Based in Taunton, Massachusetts, the innovative ice cream technology company, MooBella announced today that it has secured $18 million in series A funding from the W. Health L. P., which is a vc fund that is operated and managed by Inventages. This is a rather large amount of funding that will benefit MooBella greatly, because it will not only allow the company to expand its market, but also allow the company to change its legal status from an LLC to an incorporated company.

The ice cream industry is estimated to be a $60 billion industry and the proprietary technology that MooBella offers is revolutionary and sets out to disrupt the entire ice cream market. What makes MooBella stand out from other ice cream makers is that the company has a technology that allows the consumer to make ice cream cones in their own flavors in a hard ball cone. The machine works by instantly freezing the ice cream itself, while at the same time giving the ice cream the needed aeration and its flavor. Furthermore, the machine that MooBella has created freezes the ice cream into premium hard ice cream balls for cones. Another achievement that MooBella has achieved is winning the INNY Award from the Tech Museum of Innovation in San Jose, California. The company has also won awards for its technology from the National Restaurant Association, which awarded MooBella the 2006 Kitchen Innovations Award. MooBella also won awards from other organizations, such as the Food Network, and others.

According to MooBella’s president and CEO, Bruce Ginsburg; by having a partnership with a world class investment firm, such as Inventages, MooBella has been able to successfully complete a highly demanding process of building up the company and perfecting its technology and is now positioned to launch its product commercially later this year. Currently, MooBella is to strategically place its machines in highly populated areas in New England, especially in shopping centers and malls where there is a lot of consumer traffic.

According Inventages’ Erich Sieber, who also sits on MooBella’s board of directors; during tough economic times, like the times we live in today, only the most innovative and competitive companies get secure funding from investors. Furthermore, MooBella’s technology is not only innovative, but because of its ability to allow the consumer to generate ice cream in customizable flavors and dispenses the ice cream into premium hard frozen ice cream balls; the company is able to start a paradigm shift in the ice cream industry. Furthermore, once consumers see that the ice cream that they are making from the machines is fresh and their own flavor, they will come back for more. This fact poises MooBella for success in the marketplace.

Based in Geneva, Switzerland, Inventages is one of the world’s largest and best known investment firms that invests in the healthcare, life sciences, and nutrition industries. The firm currently has over $1.5 billion of capital under its management. Investages also has offices in London, Aukland, and Nassau. Some other companies in Investages’ portfolio include Accera, Atonomics, Boowl, Cavis, CM&D, Cryolog, EnCoat, EverNutrition, and others.

For more information about MooBella, click here.

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September 17, 2009

Investors, Skyline Ventures and Frazier Healthcare Ventures Leads $50 Million Investment Round in Calypso Medical

Filed under: Venture Capital News — admin @ 5:35 am

Based in Seattle, Washington, medical device company, Calypso Medical announced today that it has closed a $50 million investment, which was led by both Skyline Ventures and Frazier Healthcare Ventures. Other investors include Bay City Capital, and Interwest Partners.

Calypso Medical is a medical device company that has developed a tumor localization system which uses implants to continuously, accurately, and objectively track tumors for radiation therapy. The implants used in this system are known as Beacon electromagnetic transponders, which together with the company’s proprietary system are designed to track tumors which can be treated by radiation therapy throughout the body. Furthermore, the technology was approved by the FDA to be used in prostrate and post operative prostrate cancer patients. Another thing that makes Calypso Medical attractive to investors is because of the strategic partnerships the company has made with some of the major companies in the medical industry, which include Siemens, Elekta Corporation, Varian Medical Systems, and others.

Proceeds from the funding will go to finance Calypso’s expansion both domestically and internationally. Along with expansion, this round of funding will also go to fund the development of new products for clinical indication of tumors as well as the continued integration of these products with Calypso’s proprietary technology, the Calypso System platform with other radiation therapies.

The Calypso System is based on the company’s platform, the GPS for the Body, which uses Beacon transponders to provide some of the most accurate information where tumors are in the body during an external radiation beam when a patient with the implanted Beacon transponders undergoes radiation therapy. The main problem with traditional radiation therapy, is that should a patient move slightly, the radiation beam could miss the tumor and radiate some healthy tissue instead. These transponders aim to eliminate that problem, by enabling the radiation beam to target the tumor, even when the patient moves.

According to the Managing Director of Skyline Ventures, John Freund; the team at Skyline believes that the proprietary technology which Calypso Medical has can potentially revolutionize the way radiation therapy can be implemented in the future. In all cases of cancer treatments using radiation, location of the tumor is critical in successfully treating the cancer and not damaging healthy tissue. Use of the Beacon transponders to constantly locate the tumors will simplify the radiation therapy and make the treat all that much more effective. Calypso’s technology platform allows for oncologists to increase the dose of radiation because the tumor is constantly on target.

According to Calypso’s president and CEO, Eric Meier; this new round of funding validates the value of the technology that Calypso has to offer in advancing radiation therapy by constantly targeting the tumor to be radiated. Furthermore, having a technology that can accurately target the tumor every time the patient moves, has excellent potential in the marketplace.

According to the second managing partner of Skyline Ventures, Glenn Reicin; the people at Skyline believe that the Calypso System, which is designed to accurately target tumors that are set for radiation therapy will grow in considerable importance when more oncologists discover that being able to constantly target the tumor and have more chance to target the tumor and not accidentally hit healthy tissue.

According to the general partner of Frazier Healthcare Ventures, Trevor Moody; being one of the founding investors of Calypso Medical, he is pleased to be able to jointly invest together with such first rate vc firms, such as Interwest Partners and Skyline Ventures.

Founded in 1997, Skyline Ventures is a vc firm that is well known in the United States and its specialty is making investments in companies who are in the healthcare industry and have a unique proprietary technology that has the potential to revolutionize the healthcare industry and disrupt the markets. Proving the dedication of Skyline Ventures is the fact that each of the vc firm’s principals holds either an MD or a PhD in the medical field. Other companies in Skyline’s portfolio include Acel Rx Pharmaceuticals, Advion, ARCA Biopharma, Dow Pharmaceutical Sciences, InteKrin Therapeutics, and others.

Founded in 1991, Frazier Medical Ventures is a leading investment firm that provides both venture funding and equity to companies in the healthcare industry in the United States. Frazier Medical Ventures has a mission to partner up with entrepreneurs who are diligent and want to build strong and enduring companies in the healthcare industry. Some other companies in Frazier’s portfolio include EBR Systems, Vivus, WIRB, Incontrol, Informed, Xoft, Zymo Genetics, and others.

For more information about Calypso Medical, click here.

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VC Firm Newbury Ventures Leads an $8 Million Investment in Series C Funding for NextBio

Filed under: Venture Capital News — admin @ 5:26 am

Based in Cupertino, California, life sciences research provider, NextBio announced today that it has closed $8 million in series C funding with Newbury Ventures leading the investment. Other vc firms that participated in this round of funding include a number of undisclosed private investors.

NextBio provides researchers in the life sciences industry a unique and innovative platform to research, discover, and share knowledge which is in both the public and private data bases. NextBio’s platform provides powerful tools to researchers that seamlessly combine with content that is unique and corrolated, changing information and data to knowledge; which can lead to new discoveries and new breakthroughs in medicine and other sectors where the life sciences come into play. NextBio’’ platform come in as an SaaS or Software as a Service and helps organizations and businesses communicate and share data over geographic boundaries. Currently, NextBio boasts of having some of the top grade clientele, who include the Burnham Institute for Medical Research, Johnson & Johnson, Merck, Stanford University, and others.

Proceeds from this funding round will go to fund the company’s continuing growth in sales, expansion into international markets, and technology leadership. Since NextBio launched its research platform, it has been widely used by some of the major research and academic institutions worldwide. Furthermore, NextBio has also joined into a partnership with a well renown life sciences publisher, Elsevier, which will make the company more powerful and its information available to subscribers of such publications as ScienceDirect.

According to the Managing Director of Newbury Ventures, Bruce Bauer; the combination of innovative technology, an exceptional management team, and its unique value brought on by partnering up with leading science publications makes NextBio a compelling investment. Furthermore, with all of NextBio’s achievements, the company could potentially be poised to be a market leader in both the IT and life sciences industries.

According to Nextbio’s cofounder, Saeid Akhtari; the team at NextBio is delighted in the confidence that the company’s existing and new investors have in the company and decided to go on with this round of funding. Furthermore, this investment also provides the company with sufficient funds to continue to grow its sales and expand into new markets.

Founded in 1992, Newbury Ventures is a vc firm that primarily invests in early stage companies who are in the IT, security, networking, and mobile industries. Currently, Newbury Ventures has over $500 million in committed capital under its management. Some other companies in Newbury’s portfolio include ACC, Divio, Laurel Networks, MetaLINCS, Paradigm, and others.

For more information about NextBio, click here.

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September 16, 2009

Masher Media, High Quality Entertainment Provider with an Emmy Award Winner as its Founder

Filed under: Start-up Companies Reviews — admin @ 5:38 am

In the past few years, the internet seems to be replacing all the conventional media of entertainment, such as TV, radio, magazines, and newspapers. More people are turning to the internet for their news, entertainment, shopping, and communication. In this revolution and the constant evolving entertainment industry in the 21st Century, the newest entertainment website has emerged, Masher Media. Masher Media is brand new, being founded only this year.

When you first get onto the Masher Media site, you will see that it begins like a Looney Tunes Cartoon with all the same sound effects. Then you will notice two cartoon girls appear on either side of the top of the browser’s viewing area. Furthermore, with a delayed loading on the middle toward the bottom of the browser’s viewing window you will see a cartoon-style town with different cartoon characters going back and forth.

The one question is, how does this interface work? There are no instructions on how to use Masher Media. This could be because it is a new website and might not be completely finished. When you click on any of the moving characters on the homepage, nothing happens and instructions are not to be found anywhere. If you look at the company profile, however, you can read what exactly Masher Media is really up to. According to the company profile, Masher Media is dedicated to build a highly creative and high quality media platform for entertainment.

The company’s founder has quite a unique history herself. Masher Media was founded by Sherry Gunther, who is an Emmy Award winning producer and entertainment executive. Ms. Gunther produced some of the most watched cartoons in the United States and the world, which include the Simpsons, the Family Guy, Edith Ann, Dexter’s Laboratory, and other well known cartoons. Masher Media is not the first endeavor that Ms. Gunther has delved into with the new internet media. Before founding Masher Media, Ms. Gunther was a cofounder of ZooKazoo.com, which is an online entertainment site for children from ages six to twelve. ZooKazoo.com received rave reviews since it was launched and was named as the Best Kid’s Destination on the Web, which was put out by the Real Simple Family Magazine in 2008.

Masher Media will also come out with an entertainment interface for children from ages six to 13 in a safe internet environment. This prototype interface, which will be coming out soon, is known as the Myminipeeps.com. This interface will include the ability to make movies, have mini locations, parent control, and My mini page. This interface will allow children to be able to have their website, make their own cartoons, have their own virtual world, and more.

Masher Media’s sole investor is Tech Coast Angels, who invested $300,000 in seed funding in August of 2009.

Tech Coast Angels is a group of angel investors who solely invest in the geographical location of southern California. Tech Coast Angels has some criteria for investing into a company. The primary criteria include having a market opportunity large enough to generate at least $50 to $100 million in annual revenue, a strong and compelling strategy, proprietary technology, strong management, and an exit strategy for the investors. Some other companies in Tech Coast Angels’ portfolio include Inlustra, Eefuf, Soda Head, Nine Head, EZ-Apps, Transcepta, and others.

Masher Media is a new company and does have some small competitors, but none of its competitors are noteworthy enough to pose a threat to the company. Furthermore, Masher Media’s founder’s credentials show great promise for the company’s future.

For more information about Masher Media, click here.

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Redfin Is a Better Way to Buy or Sell a Home, or Is It?

Filed under: Start-up Companies Reviews — admin @ 5:15 am

Founded in 2004, Redfin is a new website that is dedicated to the real estate industry. Redfin advertises that its way is the better way, however, after trying out the website, you will find that some of the features might not work properly. The first thing that you notice with Redfin, is that its search area does not cover wide areas throughout the United States. What makes Redfine unique is that it is a real estate brokerage firm, like some of the major real estate brokerages, such as Century 21, Remax, Coldwell Bankers, and others. The only difference is that Redfin is completely online.

How does Redfin work? Redfin has a search engine which promts you to type in a zip code or a city. The only problem is that Redfin’s search area is limited and you will not be able to find a home everywhere. If you type in a zip code, unless it is within the Redfin search area, you will get a dialogue box that tells you that says “We are unable to find 46360. It may be outside of our search area.” Search area is in hyper text and encircled in an outline like a button. Below that phrase, you will see several choices where you can use Redfin to find a home. These areas include the Boston area, the Chicago area, the Long Island & Westchester area, the Sacramento area, the San Francisco Bay area, the Seattle area, Southern California, and the Washington, DC area. If you type in a zip code that is in the Chicago area but outside of the search area, you will get the above mentioned dialogue box. For example, if you type in the zip code 46360, which is the zip code for Michigan City, Long Beach, Duneland Beach, Michiana Shores, and surrounding areas in Indiana. This area, though in Northwest Indiana, it is still considered to be part of the Chicago area, but it is outside of the Redfin search area. The only option that you have left is to click on the on the hyperlink that indicates that you want to search in the Chicago area.

After you click on the Chicago area hyperlink, you will find that the search area for the Chicago area stops right at the Indiana line and not even Gary, Indiana is covered in the Chicago area as far as Redfin is concerned. The counties covered in the Chicago area are Cook, Du Page, De Kalb, and some of the other surrounding counties. This is fine if you want to be close to Chicago, but if you want to be in Indiana, Redfin cannot help you.

Redfin also offers other services as well. Besides allowing you to search for homes online, Redfin also has certified real eastate brokers which can organize open houses or a private showing for you. You can use Redfin not only to buy homes, but to sell your home as well. Furthermore, for those of you who feel uncomfortable with communicating with a broker by email, you can also talk to a Redfin agent by calling a toll free number.

Redfin is based in Seattle, Washington and is a privately owned company that employs over 80 people. Redfin has three people on its management, who are Glen Kelman, Scott Nagel, and Michael Young.

Redfin’s investors include Madrona Venture Group, which invested $770,000 in series A funding in September of 2005. In May of the following year, Madrona Venture Group was joined by BEV Capital and Vulcan Capital in a $8 million investment in series B funding. The three vc firms were later joined by Draper Fisher Juvertson or DFJ in a $12 million investment in series C funding in July of 2007.

The Madrona Venture Group is a vc firm that believes in funding the passion behind the idea. In other words, the Madrona Group funds ideas that revolutionize the way people work. The Madrona Group was founded in 1995 and primarily invests in the Pacific Northwest and in early stage companies in that region who are in the IT industry. Some other companies in Madrona’s portfolio include Animoto, Borrow or Steal, BuddyTV, PayScale, ExtraHop, Intrepid, and others.

BEV Capital is a vc firm that is a specialty firm and specializes its investments. BEV Capital primarily invests in companies who are in the consumer industry or companies who create products that support the consumer industry, such as marketing software, internet based technologies, analytics, etc. Some other companies that are in BEV Capital’s portfolio include 1-800-Diapers, Alloy, Classmates Online, Cool Cuts 4 Kids, Outpost.com, Waterfront Media, and others.

Founded in 2003, Vulcan Capital is a private investment firm that invests in all stages of a company’s life. Vulcan Capital primarily invests in companies who are in the media, communications, energy, natural resources, life sciences, and tech industries. Some companies in Vulcan’s portfolio include Plains Resources, Icat, Makena Capital Management, Intrapace, Dreamworks Animation, Radar Networks, and others.

Draper Fisher Jurvetson, or DFJ, is a vc firm that has been around for over 24 years. The vc firm invests in extraordinary entrepreneurs who have the desire to build great companies. Currently, DFJ has over $6 billion in committed capital under its management. Some other companies that are in DFJ’s portfolio include 4 Info, Achex, Abuzz, Aniboom, AppStream, and others.

Redfin does have a few competitors, however, two of Redfin’s most noteworthy companies are LakePlace.com and HotPads.

LakePlace.com is a company that offers a service similar to Redfin, but is strictly devoted to lakefront homes and properties that are for sale. LakePlace.com has a search area which is much smaller than that of Redfin. This is because LakePlace.com is an online recreational real estate firm that solely searches for homes for sale on lakes in Wisconsin and Minnesota. LakePlace.com is a privately owned corporation which is based in Richfield, Minnesota and was founded in 2003. The company has two people on its management team.

HotPads is a company that is building a comprehensive online real estate marketplace. HotPads has the belief that finding your next home should be easy to find and HotPads also advertises itself as having an innovative web interface that makes choosing your next home a piece of cake. HotPads is a privately owned corporation which is based in Washington, DC, and was founded in 2005. The company currently employs 12 people and its primary investor is Meakem Becker Venture Capital.

For more information about Redfin, click here.

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VC Firms, Flagship Venture Partners, Polaris Venture Partners, and Highland Capital Partners Invest $17 Million in Third Round of Funding for Pervasis Therapeutics

Filed under: Venture Capital News — admin @ 4:20 am

Based in Cambridge, Massachusetts, biologically active pharmaceuticals manufacturer, Pervasis Therapeutics announced today that it has just closed $17 million in a third round of funding from its existing investors. The company’s investors include Flagship Venture Partners, Polaris Venture Partners, and Highland Capital Partners.

Pervasis Ptherapeutics is a company that clinically tests and develops a wide range of clinical biologically active pharmaceuticals and therapies. Currently, Pervasis is working on some groundbreaking therapies that involves endothelium and how it works to naturally heal disease. Furthermore, the team of scientists at Pervasis Therapeutics have also made some discoveries that can highly improve the results of some common vascular interventions, such as angioplasties, stents, and both peripheral and coronary bypasses. Endothelium can curtail failures that can occur in some cases with the current procedures, and these failures can cause serious health complications and a dramatic increase in medical costs. Furthermore, Pervasis’s most advanced drug, Vascugel, has proven to be both safe and proof of concept in two Phase 2 clinical trials, when it was tested on patients who underwent arteriovenous treatments.

Vascugel is the newest development by Pervasis, which involves tissue engineered allogenic endothelium, which has effects that are currently being studied on how it can benefit patients with severe renal disease and are undergoing arteriovenous procedures.

Other than the above mentioned investors, other investors also participated in this current round of funding. Some of these other investors include the Richter Family Fund, which is funding Pervasis for the first time. Furthermore, on the heals of this funding round, Pervasis Therapeutics also announced that several new people will join the company’s board of directors. One of these people who is joining the board of directors is Dr. Yoram Richter, PhD., who is the Vice President of Research and Development at BIOrest, Ltd.

According to Dr. Richter, the proprietary endothelial technology that Pervasis Therapeutics provides creates a new platform that physicians can use to treat patients with vascular diseases. Furthermore, this new product platform also has the potential to treat ailments and diseases which are outside of the cardiovascular realm.

According to the president and CEO of Pervasis Therapeutics, Frederic Chereau; the team at Pervasis is very happy that both the company’s existing and new investors has chosen to go ahead with this new round of funding. Their investments are a confidence vote in the company and is testament to the fact that the products that Pervasis has the potential to revolutionize the medical and healthcare industry. Mr. Chereau also welcomed the appointment of Dr. Richter to the company’s board of directors. Dr. Richter will be an invaluable asset to Pervasis, because on his extensive knowledge in the field of medical devices and cardiovascular care.

Founded in 2000, Flagship Venture Partners is a vc firm that believes in building innovative companies. The vc firm primarily invests in early stage companies who are in the therapeutics and life sciences industries. Currently, Flagship has over $600 million under its management. Some other companies in Flagship’s portfolio include Selecta, Bind Biosciences, Alvine Pharmaceuticals, GCI Pharmaceuticals, and others.

Founded in 1996, Polaris Venture Partners is a vc firm that invests in all stages of a company’s life. Polaris Venture Partners primarily invests in companies who are in the healthcare, media, communications, business services, and tech industries. Currently Polaris has over $3 billion under its management and has invested in over 90 companies since its inception. Some other companies in Polaris’s portfolio include 1366 Technologies, Aepona, Apnex Medical, Art.com, and others.

Founded in 1988, Highland Capital Partners is a vc firm that primarily invests in seed, early, and growth stage companies who are in the consumer, healthcare, IT, and internet & digital media industries. Currently, Highland has a series of different funds under its management which total to a sum of over $2.7 billion. Some other companies in Highland’s portfolio include Castor & Pullex Pet Works, City Sports, Life Gear, Mix 1, AccentCare, Codon Devices, and others.

For more information about Pervasis Therapeutics, click here.

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September 15, 2009

VC Firms, Carmel Ventures and Vertex Venture Capital Invest $7 Million in Second Round of Funding for Perfecto Mobile

Filed under: Venture Capital News — admin @ 7:11 am

Based in Tel Aviv, Israel, one of the global leaders in remote access and testing solutions providers for mobile devices, Perfecto Mobile announced today that it has closed $7 million in second round of funding from the company’s existing investors, who are Carmel Ventures and Vertex Venture Capital.

Perfecto Mobile is a leader in providing remote access and automated testing of mobile devices and has a platform that is called the Handset Cloud. This service allows developers and testers to access a wide range of mobile devices from anywhere in the world by use of the internet. Furthermore, testers and developers do not need to sit in front of a computer to do the testing. Perfecto provides special handsets that both developers and testers can use to do the testing. These handsets can also allow developers and testers to communicate and collaborate from anywhere in the world and can also monitor mobile devices.

According to the CEO of Perfecto Mobile, Eran Yaniv; the team at Perfecto Mobile is excited about this new round of funding from its long term investors. In this day and age, there is a new emergence of all kinds of new mobile technologies, such as apps, app stores, and open device platforms. Though these technologies are great, sometimes they may not function properly and the need for testing becomes a major concern. Furthermore, since these new technologies are located throughout the world, the need for mobile testing devices is practically imperative. This provides Perfecto Mobile the ability to be a global leader.

According to Raina Shainski, General Partner at Carmel Ventures; the team at Carmel Ventures is confident that Perfecto Mobile is able to take advantage of the large and growing market that is unfolding in the mobile industry. Perfecto has a strong management team and a compelling service enables the company to lead the market because of its ability to increase the quality of the new mobile technologies that are becoming increasingly available to users.

According to Ehud Levy, Managing Partner of Vertex Venture Capital; Perfecto is perfect, because it has a great management team and a service that is needed and already has some well established mobile companies, such as Vodafone and Swisscom, is proof that Perfecto’s technology and service meets an unmet need in the mobile industry.

Carmel Ventures is a vc firm that likes to turn great ideas into exceptional companies. Furthermore, Carmel Ventures also turns great and ambitious entrepreneurs into great leaders. Currently, Carmel Ventures has more than $600 million under its management and invests primarily in the tech industry. Other companies in Carmel’s portfolio include Amadesa, Coppergate, DesignArt Networks, Imagine Communications, Payoneer, and others.

Vertex Venture Capital is one of Israel’s top tier vc firms that invests in all stages of a company’s live. Vertex primarily invests in companies who are in the information networking, software, and other emerging tech industries. Some other companies in Vertex’s portfolio include Actelis, Flash Networks, Telegate, Zeugma, Percello, HyperRoll, and others.

For more information about Perfecto Mobile, click here.

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September 14, 2009

Zynga Opens the World to Online Games

Filed under: Start-up Companies Reviews — admin @ 5:32 am

For the past ten years that the internet is growing with new social networks popping up like mushrooms after a rainstorm, so has the video game industry. The internet has opened a whole new world of interactive video games has been opened. One of the newest websites that has opened is Zynga. Zynga offers video games to some of the major social networks out on the web.

As you go onto the Zynga homepage, you will notice a series of choices from which to choose from. You can click on the about link to find information about Zynga and you can also see what games are available on Zynga. The homepage has featured games and other games that you can play with. You do not need to sign into Zynga to play its games. The one thing, however, is that you need to be a member of a particular social network to play the games that are on Zynga. If you click on one of the featured games on the website, you will notice the picture of the game and a paragraph which explains what the game is about and what the object of the game is. Also, you can see on what social network you can play a particular game on. Some games will only allow you to play on one particular social network, such as Facebook or MySpace, whereas other games can be played on several different social networks. For example, one of the current featured games on Zynga is FarmeVille, which is a game that is intended for the whole family and allows you to have your own farm; where you can have your own farm animals, fruit trees, and grow your own vegetables. This game can only be played on Facebook. On the other hand, another game that is featured on Zynga, called YoVille, is a game that is aimed at the teen community. This video game is playable on three social networks, which are Tagged, Facebook, and MySpace. Other games can be played on all the social networks that are available.

Though Zynga is dedicated to online video games, playing video games is not the only thing you can do on Zynga. Zynga also has a forum where you can talk or ask about different games that are featured on Zynga.

Zynga also offers certain games which can be played on your iPhone. Currently, Zynga only has a limited selection of games that are apps for your iPhone, but as the website continues to grow, there will be more games available for the iPhone. Some of the video games that are made for the iPhone on the Zynga site include Mafia Wars, Pirates, and Dragon Wars.

Zynga was founded in 2007 by Mark Pincus, who still works at the company as its CEO. Mr. Pincus created Zynga out of two of his greatest passions, competitive online gaming and entrepreneurship. Zynga is not the first company that Mr. Pincus successfully founded. Other social networks that Mr. Pincus founded include Tribe.net, which he founded in 2003 and was one of the first social networks. Mr. Pincus was also the founder of SupportSoft, where he stayed as the company’s CEO until he founded Tribe.net. Mr. Pincus was also a cofounder of Freeloader.

Zynga’s main investors include Avalon Ventures, Clarium Capital, the Foundry Group, the Pilot Group, and Union Square Ventures, which invested $10 million in seed funding in January of 2008. Then, in July of 2008, KPCB and IVP joined the above mentioned investors in a $29 million investment in series B funding for Zynga.

Individual investors who helped lead the investment in the company include Bing Gordon of Kliener, Perkins, Caufield & Byers or KPCB, which is a vc firm that is passionate about helping its portfolio companies. The people at KPCB are dedicated to have their portfolio companies succeed and know that it takes much more than just financial sponsorship to make a company succeed. Mr. Gordon is widely known in the video game industry as one of the founding fathers of the video game industry. Mr. Gordon and Mr. Pincus work and think together and do some of their best thinking on long bike rides in Marin. Other companies in KPCB’s portfolio include Amazon, Google, Aerohive Networks, AOptics, Kodiak Networks, and others.

Clarium Capital is a vc firm that is based in San Francisco, California and pursues global macro strategy. The key person who led Clarium Capital to fund Zynga is Peter Thiel, who is the vc firm’s managing partner. Mr. Thiel runs a large macro hedge fund and was also one of the leading investors of Facebook.

Based in Monrovia, California, the Pilot Group is a manufacturer of small electronic components. The main people of the Pilot Group who led the Pilot Group’s investment in Zynga are Bob Pittman and Andy Russell. Mr. Pittman was the founder of MTV and also has experience in running some major consumer franchises; such as the large real estate franchise, Century 21; and America’s largest internet provider, AOL.

The Foundry Group is a vc firm that primarily invests in early stage IT companies which show great potential for market success. The main person who was behind the Foundry’s investment into Zynga is Brad Feld. Mr. Feld is also a friend of Zynga’s founder, Mr. Pincus. The two met when Mr. Feld worked at SoftBank. Some other companies in the Foundry’s portfolio include AdMeld, Brightleaf, Gist, Gnip, Lijit Networks, and others.

Based in New York City, Union Square Ventures is a vc firm that primarily invests in early stage companies who are in the IT enabled services, media and marketing, healthcare, financial services, and telecom verticals industries. The key person who led Union Square’s investment into Zynga was Fred Wilson, who knew Mr. Pincus for a long time and encouraged him to become an entrepreneur in 1995. After Mr. Pincus took Mr. Wilson’s advise, he went on to found Freeloader, which Mr. Wilson backed with funding.

Zynga does have some competitors, however, the most noteworthy competitor of Zynga is Playfish, which is an online gaming social network that has a product which is similar to the product that Zynga offers. Playfish is a privately owned corporation which is based in London, England and was founded in October of 2007. The company has four people on its management team and three people on its board of directors.

For more information about Zynga, click here.

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Dogster Is a New Site for Dog Lovers

Filed under: Start-up Companies Reviews — admin @ 5:30 am

In the United States and other parts of the world, the love of animals is abundant. What is especially abundant is the love of dogs and cats and, especially in the United States, people will practically do anything for their dogs. Now what happens when you mix this immense love for man’s best friend with the internet? Well, you get Dogster. Dogster advertises itself as a website for dog lovers and for “dogsters.” Furthermore, when you read the About Dogster page of the website, you will discover that the creators of Dogster are both dog lovers and computer geeks. That is quite a combination, but what does Dogster do and how does it benefit animal lovers? Dogster provides a service that any animal lover can sign onto and find out anything or even everything about dogs, from how to care for them, tips from veterinarians, and even buy dog toys or other dog supplies.

You can become a member of Dogster and it is free. What you need to do to register with Dogster is simply go into the My Account tab and you will see an option to create an account with Dogster. Once you click on that link, you will be prompted to type in your email address, your name and last name, a password and to retype your password. Once you have done that, you have the option to invite some or all of your friends to join Dogster. Dogster will discover all the friends on your email’s address book. You can also uncheck all the checked boxes by clicking on uncheck all link. Once you have done all that, you need to check your email and find the email from Dogster, which will provide you with a link to confirm your account. Once you have clicked on that URL, you have completed your registration process.

Once you have registered yourself into Dogster, you have several options. Assuming that you registered into Dogster because you are a dog owner, you can create your own doggie page. In order to do this, you need to first type in your dog’s name. After you have written your dog’s breed, you will need to select your dog’s breed and you can also select a secondary breed. You can also say that your dog is a mixed breed. You can also write a story about your dog. To do this you need to click on the story link and you will see several fields open up, where you can write a story about your dog. You can also click on a check box that states that your dog is no longer with you if you are writing about a dog that you had and passed away. Furthermore, you can type all kinds of different other things about your dog. You can add some of your dog’s personality traits and other fun things that your dog does. Dogster also lets people know that this is a family oriented site and language needs to be suitable for a child of as young as seven years of age. In order for your doggie page to be published, you will need to upload a photo of your dog. Uploading your dog’s photo can take some time. Once your photo is uploaded, you can go back to your account page.

Once your doggie page is finished, you can see it and how it looks. When you log into your Dogster account, you will see your doggie page link and you can click on the picture of your dog and that will take you right to your doggie page. Once you are in your doggie page, you can see how everything is and Dogster will even give you a number of different stars depending how good your doggie page is.

Another thing that Dogster offers is an adoption service. If you click on the “See the dogs!” link, you can click on adoptions and view all the dogs that are put up for adoption. Your search for dogs on Dogster is not just limited to the United States and Canada. You can choose from practically any country in the world.

Other services that Dogster offers include gifts for dogs and dog lovers, tips about veterinary care and much more. You can buy things from Dogster and also share questions and answers about dogs with other dog owners on Dogster.

Dogster is a privately owned company that was founded in 2004 and is based in San Francisco, California. Dogster has three people on its management team, two people on its board of directors, and two advisors. The three people on Dogster’s management team consists of the three founders of Dogster, who are Ted Rheingold, John Vars, and Steven Reading.

Ted Rheingold is the man behind the idea of Dogster. Mr. Rheingold also founded Catster for cat lovers. The reason for founding Dogster was to unite people who love dogs and cats, and offer a place where people can share tips, ask questions, write biographies and buy things for their pets. Mr. Rheingold also serves as Dogster’s CEO and is also one of the people on Dogster’s board of directors.

Besides being one of Dogster’s cofounders, Mr. Vars is also at the company as the CPO. His major role in the management is to search for new products to sell on the Dogster site. Mr. Vars has a background on software engineering and before taking part in the founding of Dogster, he worked as the product manager for Preview Travel, which is a major global travel site.

Besides being the third cofounder of Dogster, Mr. Reading is also working at Dogster as the company’s chief business officer. Mr. Reading has an extensive background in tax law and was born and raised in London, England. Mr. Reading came to San Francisco in 1994. Mr. Reading graduated from the University of London with a Law degree and then went on to study at Golden Gate University in San Francisco, where he received a degree in Tax Law.

Dogster’s investors include Jeff Clavier, Adam Baguelin, and Michael Arrington, who invested $1 million in series A funding in September of 2006.

Jeff Clavier is the founder and Managing Partner of SoftTec VC and is one of the most active seed stage investors in the Web 2.0 industry. Mr. Clavier has been investing in Web 2.0 for a while and in 2007, he was named in Business Week as one of the 13 Web 2.0 King Makers. Mr. Clavier has also been active in both North American and European markets.

Mr. Arrington is a serial investor who has invested in many entrepreneurs who are in the tech, software, and internet industries. Mr. Arrington is also no stranger to entrepreneurship, founding several different internet startups himself. One of his biggest successes is TechCrunch, which is an information site that gives reviews about new technologies and companies in the tech industry.

Dogster does have a few competitors. Two of the most noteworthy competitors are Leashes and Lovers and United Dogs and Cats.

Leashes and Lovers is an online social network for dog lovers and provides a service that is similar to the service provided by Dogster. Leashes and Lovers is a privately owned LLC that was founded in 2003 and is based in New York City.

Like Dogster and Leashes and Lovers, United Dogs and Cats is also a social network that aims to unite dog and cat lovers all over the world. United Dogs and Cats is a privately owned LLC that is based in Estonia.

For more information about Dogster, click here.

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VC Firm Bain Capital Ventures Invests $4Million in Second Round of Funding for Oyster Hotel Reviews

Filed under: Venture Capital News — admin @ 3:59 am

Based in New York, one of the United States’ biggest online hotel critics, Oyster Hotel Reviews announced today that it has secured $4 million of a second round of funding from Bain Capital Ventures. This additional funding follows a $6.4 million round of funding that Oyster Hotel Reviews has raised last year. This current round of funding makes the total amount of funding that Oyster Hotel Reviews has raised over the past year to $10.4 million.

Despite the fact that the travel industry is growing on the internet with online travel agencies which book e-tickets for flights and provide online reservations for hotels and restaurants, Oyster Hotel Reviews has its own niche in the market, because it is the only online service that provides in depth and objective reviews about hotels throughout the world. The reviews that Oyster provides stand out from other internet travel related services, because these reviews are written by trained journalists who know what to look for in writing a good objective review. What makes Oyster Hotel Reviews unique in the market place is that it uses its proprietary method, known as the hotel review method. By adhering to some of the highest standards possible, Oyster Hotel Reviews is able to have some of the most comprehensive hotel reviews both online and offline. These reviews are not just written articles about the hotels that are reviewed by the company, but are also accompanied by photos that are unedited and clearly show how good or bad the hotel is. Furthermore, Oyster’s name is already well known and has been featured with positive reviews from some of the most prominent press worldwide, including the New York Times, Men’s Journal, and the Wall Street Journal to name a few. Currently, Oyster Hotel Reviews writes reviews about hotels in Aruba, Las Vegas, Miami, New York, Jamaica, and the Dominican Republic.

According to Ajay Agarwal of Bain Capital, the need for clear, comprehensive, and objective reviews are very necessary for travelers and this is quite evident by the response that Oyster Hotel Reviews after being launched. Mr. Agarwal further stated that the team at Bain Capital Ventures looks forward to helping the company in future endeavors to expand its reviews.

Proceeds from this funding, along with last year’s funding; Oyster Hotel Reviews plans to expand its reviews to include more hotels on West Coast destinations. Oyster Hotel Reviews is also aggressively hiring people and is already positioned to become one of the largest media outlets for travel in the United States by the end of the year.

According to Oyster’s CEO, Elie Seidman; the team at Oyster Hotel Reviews is thrilled to have such a large name and prestigious firm, such as Bain Capital back it. Mr. Seidman further added that the company still remains dedicated to providing the most in depth and objective reviews of some of the major hotels in the country.

Bain Capital Ventures is the vc arm of Bain Capital and is dedicated to provide funding to companies from seed stage all the way to the later stages of the company. Bain Capital Ventures primarily invests in companies who are in the software, wireless, internet, information, healthcare, and tech industries. Some other companies in Bain Capital Ventures’ portfolio include Regulatory Data Group, AdReady, Ameritrade, Blip TV, Camera World, and others.

For more information about Oyster Hotel Services, click here.

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VC Firms, Granite Ventures, Tallwood Venture Capital, and Intel Capital Invest $7.5 Million in Series C Funding for Ozmo Devices

Filed under: Venture Capital News — admin @ 1:41 am

Based in Palo Alto, California, Ozmo Devices, a leading provider of WiFi PAN solutions announced today that it has received $7.5 million in series C funding from its existing investors, who include Tallwood Venture Capital, Granite Ventures, and Intel Capital.

Ozmo Devices is a leading provider of low power WiFi solutions which enable all kinds of devices to hook up to public WiFi networks. In today’s world, there are many devices that need a WiFi network to function, ranging from laptop computers to multimedia players and smart phones. Furthermore, with many businesses having their own WiFi LAN and PAN networks, many shared printers are connected wirelessly as well as head sets and other peripheral devices. The technology that Ozmo Devices provides is to provide a seamless connection and interaction with all peripheral devices and laptop computers in an office situation. Ozmo Devices allows for WiFi networks to expand their capabilities. Furthermore, this revolutionary wireless coverage runs on low power and brings tremendous savings to its users.

Another achievement that Ozmo Devices has accomplished is being part of the Intel Developer Forum, which will take place on September 22 through 24, 2009. At this forum, Ozmo Devices will demonstrate its technology. The Intel Developers Forum is scheduled to be held at the Mascone Center, West in San Francisco, California.

According to Len Rand, Managing Partner of Granite Ventures; the leadership that Ozmo Devices is demonstrating in the WLAN and WPAN arena and its IC products are starting to outperform other wireless connecting signals for peripheral devices, such as Bluetooth provides the company with a strong foundation for future growth. Mr. Rand further stated that Ozmo Devices has a revolutionary technology and has already sealed some strong business partnerships with powerful tech giants, such as Intel and Avago Technologies. The team at Granite Ventures is happy to continue to back Ozmo Devices in its future endeavors.

According to Ozmo’s CEO, Dave Lyon; this new round of funding will allow the company to expand its sales, as well as field its engineering efforts to develop new state-of-the-art technologies for the WiFi industry.

Founded in 1992, Granite Ventures is a vc firm that primarily invests in early stage companies who are in the tech industry. Currently, Granite Ventures has over $1 billion in committed capital under its management and since its founding has invested in over 90 privately owned companies. Some other companies in Granite’s portfolio include Agilence, AirTight Networks, Digital Fountain, GigaNet, NetBoost, NetEffect, and others.

Tallwood Venture Capital is a vc firm that is dedicated to the semiconductor industry and to other technologies that might affect the semiconductor industry. Tallwood currently has over $500 million under its management and the people at Tallwood believe that this fund puts the vc firm on par with the semiconductor industry. Some other companies in Tallwood’s portfolio include Abound Logic, Alphion, Astute Networks, Audience, Calypto Design Systems, Marvell Technology Group, and others.

Intel Capital is the vc arm of Intel and mainly invests in promising companies in the tech industry which can be of benefit to Intel. Intel Capital invests worldwide and has its goals on spurring entrepreneurial spirit, while generating financial gain at the same time.

For more information about Ozmo Devices, click here.

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September 8, 2009

VC Firms, Vertex Venture Capital, ATA Ventures, Argonaut Ventures, T-Venture, and others Invest $10 Million in Actelis

Filed under: Venture Capital News — admin @ 5:20 am

Based in Freemont, California, one of the United States leading ehternet copper cable developers, Actelis announced today that it has raised $10 million from its existing investors, who include Vertex Venture Capital, T-Venture, ATA Ventures, Argonaut Ventures, Carlyle Venture Partners, Dupont Capital Management, Global Catalyst Partners, Saints Venture Partners, and others.

Founded in 1998, Actelis is a leader in the development of ethernet equipment and cables. Actelis has a product portfolio that has a wide range of solutions to serve ethernet companies worldwide. Some of these solutions include the First Mile technology platform. Many of the products that Actelis offers to its customers are highly flexible and cost effective. Furthermore, Actelis products can be used for point to point as well as point to multipoint configurations, allowing for speeds that are acceptable for today’s internet demands.

Proceeds from this round of funding will go to help Actelis to support its further growth and continuing deployment of its ethernet networks in the First Mile technology platform by telecommunication and IT service providers throughout the world. Furthermore, Actelis ethernet products are also being used more in the educational, healthcare, and private enterprise IT markets. Furthermore, Actelis technology is also being used by a growing number of municipalities who are in the process of upgrading their transportation networks with new intellegent transportation systems or ITS to oversee and control all aspects of municipal public transportation.

According to the president and CEO of Actelis, Tuvia Barlev; as far as the telecom industry is concerned, the carrier ethernet market is one of the fastest growing markets within the industry. Mr. Barlev further stated that the EFM solutions that Actelis is developing can provide many different opportunities for the company.

Currently, Actelis is experiencing record growth with the acquisition of new contracts world wide. Some of the major contracts that Actelis has recently sealed include a contract with Slovenia’s telecom company, Telekom Slovenije and France’s France Telecom-Orange.

Although Actelis has won these big contracts, the company also wants to focus on markets in the United States. Proceeds from this funding will also enable Actelis to seize opportunities that have been presented to the company with the presentation of a $7.2 billion broadband stimulus package that is offered by the Obama Administration’s American Recovery and Reinvestment Act, which was passed in 2009.

The one problem, however, is that the financial situation that Actelis is finding itself in is a rather embarrassing situation for its investors. Over the past eleven years, the company has raised over $150 million and this has raised the question to some of Actelis’s investors about how they will make their returns from the company.

Vertex Venture Capital is one of Israel’s top tier vc firms that primarily invests in works closely with the entrepreneurs in which the vc firm invests in. Vertex primarily invests in Israeli or Israel-related companies and invests in all stages of a company’s life. The companies that Vertex Venture Capital primarily invests in are companies who are in the software, information networking, communications, and IT industries. Some other companies in Vertex’s portfolio include Ethos Networks, Expand Networks, Extricom, Zeugma, Percello, and others.

For more information about Actelis, click here.

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Korean Investment Firm Leads $6.9 Million Investment in Hanmi Financial Corp.

Filed under: Venture Capital News — admin @ 5:19 am

The Los Angeles based holding company Hanmi Financial Corp., which also owns Hanmi Bank; announced today that it had received a $6.9 million investment which was led by Korean investment firm, Leading Investments & Securities Co., Ltd. This frunding round comes on the heals of a securities purchase agreement that Hanmi entered into in June 12, 2009. The agreement was then subsequently amended the agreement on July 31, 2009. As part of this amendment, Leading Investments & Securities Co.,Ltd. pledged to invest up to $11 million in common equity capital.

Hanmi Financial Corporation is a holding company that funds ethnic minority communities in the Los Angeles area and has 27 full service offices functioning in the area that encompasses the Los Angeles, Orange, San Bernardino, San Francisco, Santa Clara, and San Diego counties. Hanmi Bank also has two loan offices in other parts of the United States as well, which are located in both Virgina and Washington State. Some of the financial services that Hanmi Bank and the Hanmi Financial Corporation specialize in include small business administration and commercial loans, as well as trade finance lending. Furthermore, Hanmi has become a leading financial institution in the Bay Area community.

According to Hanmi’s president and CEO, Jay S. Yoo; the people at Hanmi are happy to have received the $9.6 million financing from Korea-based Leading Investments & Securities Co., Ltd.; and Mr. Yoo further stated that his team looks forward to receiving the remaining $4.1 million to complete the $11 million funding round. Mr. Yoo also added that when this entire $11 million funding round from Leading Investment & Securities Company is completed, it will provide Hanmi the extra capital needed to augment the bank’s reserves and will also enhance Hanmi’s ability to weather the current financial crisis and also allow Hanmi to emerge to be well positioned to seize lucrative opportunities as soon as the economy recovers. Hanmi is also very busy working together with other investors as well. Currently, Hanmi is undergoing active negotiations with some other investors from South Korea to try to receive more equity infusion.

Based in South Korea, Leading Investments & Securities Company, Ltd. is a financial service providers that specializes in providing securities brokerage, corporate mergers, and acquisitions. Leading Investments & Securities also specializes in investment banking services as well as a wide range of other kinds of financial services for corporations, institutional investors, and individuals.

For more information about Hanmi Financial Corp., click here.

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September 2, 2009

B-Side Offers Websites to Film Festivals Throughout North America

Filed under: Start-up Companies Reviews — admin @ 9:01 am

Founded in 2004, B-Side is a unique entertainment technology company that creates websites for over 250 independent film festivals throughout North America. As you first open the B-Side website, you are greeted with a headline that reads “The audience is never wrong.” The way that B-Side works is by connecting with different independent film producers who want publicity for their films and allows them to feature their film on a website on B-Side’s domain and then either individual viewers or entertainment companies and radio or TV stations can go onto those sites and view and critique the films.

When you first go onto B-Side’s website, you have several options to choose from. The homepage tells you who the people at B-Side are and what they do. There is also information about the films featured on B-Side and a schedule for upcoming film festivals. At the very top of each page, just beneath the headline, there are several links that you can click on. The first link after the home link is the films link.

The films link will bring you to all the films that are featured on B-Side. You can scroll down the list of the different films that are available for screening and next to the film’s thumbnail is a short story about what the film is about. You can either click on the thumbnail or on the more link after the brief paragraph of the film and you can view the film yourself using the Adobe Flash Player. You can even click on the full screen button to view the film on the entire screen of your computer’s monitor to have as much of the cinema effect as possible. Next to the film featured on the site, you can even schedule a screening of the film if you choose to do so.

The link after the films link is the festivals link. This link shows you when festivals are coming up and you can schedule to go to those film festivals if you choose to do so. Under this link, you can even view a video about the various film festivals available on B-Side.

The link after the festivals link is the blog link. Under this link, you can read several different blogs about upcoming film festivals and stories or critiques about the various films that are featured on B-Side.

B-Side is a privately owned corporation that is based in Austin, Texas and employed nine people. The company is managed by its founder, who is Chris Hyams; who also serves as B-Side’s CEO.

B-Side’s investors include Silverton Partners and Maples Investments, who invested $3.1 million in series A funding in October of 2006 and $4.25 million in series B funding in November of 2008 with Valhalla Partners joining the above mentioned investors.

Silverton Partners is a vc firm that primarily invests in early stage companies who are based in the Austin, Texas area. According to the team at Silverton Partners, the culture that is represented at the vc firm is a people driven culture that leads the partners at Silverton to partner up with exceptional entrepreneurs. Other companies in Silverton’s portfolio include Chicory Systems, Crimson, Crossroads Systems, Matrix Services, and others.

Maples Investments is an investment firm that was founded by investor and entrepreneur, Mike Maples, Jr. and the firm invests in all sectors of the tech industry. Other companies in Maples Investments include 750 Industries, Aggregate Knowledge, Bazaarvoice, Business Connect China, Ghegg, and others.

Valhalla Partners is a vc firm that has over $240 billion of capital under its management and mainly invests in companies who are in the software, internet, digital media, mobile, storage, and infrastructure industries. Other companies in Valhalla’s portfolio include Advertising.com, B2e Markets, BlueStripe Software, and others.

For more information about B-Side, click here.

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Music Lives at Amie Street

Filed under: Start-up Companies Reviews — admin @ 8:23 am

As the internet keeps being a growing marketplace for just about anything, the music industry has also taken a hold of the abundant market opportunities on the internet. Music, however, has not been a stranger to the internet. Napster was actually the first music file sharing network on the net, but was later forced to shut down because of the complaints of artists and record companies who thought they were loosing profits from everyone sharing music files on Napster. Once Napster got started, however, the gene was out of the bottle and both artists and record companies saw the potential for profit on the internet market. Many online music companies have emerged ever since Napster was shut down. One of these happens to be Amie Street, which advertises itself as a website that allows artists to upload their music for publication.

Anyone can sign up to use Amie Street’s services and you do not necessarily have to be an artist to use Amie Street. All you need to do is to type in your email address, a username, and a password that has to be more than four characters long. You also have the option to subscribe to Amie Street’s online newsletter, but if you do not like to have all kinds of junk email, the subscription is not necessary and you can uncheck the box that asks if you want to subscribe to their newsletter. The process takes a few seconds and then you are ready to browse over the collection of music that is available on the Amie Street website. Amie Street membership is free.

Once you have signed into Amie Street and are ready to look up music, you can select from several different genres. The genres that Amie Street offers are pop, rock, folk/country, electronic, hiphop/rap, soul, classical, and more. You can go on the genre pulldown menu and choose the genre of your particular taste. If you do not see the genre of your taste in the menu, you can click on more genres. When you click on the more genres option, you will find a huge variety of different genres ranging from music that comes from all over the world. You can even select from such genres such as polkas and other rare genres aimed at select tastes.

What makes Amie Street stand out from other music sites in the industry is that many of the songs and albums on the site can be downloaded for dirt cheep. You also have the option of listening to the music before you buy it. The only thing about Amie Street is that you have to pay a minimum of three dollars when you buy a music file or album from the site. You will get this notice as soon as you pay for a song or album that is under three dollars. You will also find a list of options from which you can choose from each option will cost more. Prices can range from three dollars all the way to above $90. Click on the option that you want and then you can proceed on to checkout. At the checkout, you have three different payment options. You can pay either with Amazon Payments, your Paypal account, or your own credit or debit card. If you choose to pay by credit or debit card, Amie Street takes MasterCard, American Express, Visa, and Discover cards.

Amie Street is a privately owned company that is based in Long Island City, New York, and was founded in 2006. The company currently employs twelve people and the company’s management team consists of the three cofounders, who are Elliot Breece, Elias Roman, and Joshua Boltuch.

Amie Street’s sole known investor is Amazon.com, which invested an undisclosed amount of money in series A funding in August of 2007.

Amazon.com is the pioneer in e-commerce and originally started by selling books online, now Amazon.com sells anything from books to records and other things as well and has become a multimillion dollar business. Amazon.com also invests in companies that could be of interest to Amazon.com

Because the online music and entertainment industry is such a fast growing marketplace, that it comes to no surprise that Amie Street does have a few competitors. One of the company’s most noteworthy competitors is GarageBand.com.
Founded in 1999, GarageBand.com is a subsidiary of iLike.com and offers a service that is similar to the service provided by Amie Street. GarageBand.com is managed by only one person and has seven people on its board of directors. The company is based in Seattle, Washington and its investors include Khosla Ventures and NEA.

For more information about Amie Street, click here.

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VC Firms, USVP and Pitango Venture Capital Lead $12 Million Investment in Series B Funding for BPT

Filed under: Venture Capital News — admin @ 1:27 am

Based in Rishon-Le-Zion, Israel, BPT, which is an emerging leader in chemically membrane based solutions, announced today that it has closed $12 million in series B funding with US Venture Partners or USVP and Pitango Venture Partners leading the funding round. Other vc firms that participated in this round of funding include Aurum Ventures and Elron Electronic Industries.

BPT is a company that develops important chemical membrane based solutions to separate the water from waste water and is emerging as a leader in the industry. The chemically stable membrane technology that BPT produces is becoming more of a key component waste water processing for companies who are in the landfill, mining, bio pharmaceutical, and food industries to help them with the increasingly more strict environmental laws, reuse water, and reduce operating costs. BPT membranes have been proven in the field to drastically reduce costs in purifying some of the most aggressive waste water streams.

According to BPT’s CEO, Nir Kinory, the team of BPT is very pleased to have both USVP and Pitango Venture Capital on board, because both vc firms have extensive experience in building great companies. Along with the company’s existing investors, the experience from these new investors will be of increasing value as BPT continues to grow and expand.

According to USVP’s Jacques Benkoski, USVP for the past six years has been investing in emerging companies who are in the clean tech industry, and the vc firm’s investment in BPT is its first investment in Israel. Mr. Benkoski added that BPT has everything that USVP is looking for and believes that his efforts to lead USVP investment in BPT will be a good opportunity for USVP. BPT is playing a unique role in the clean tech marketplace and offers a product that is projected to take over the waste water cleaning market over in an aggressive manner.

Pitango’s Ittai Harel further stated that the clean tech industry is becoming a growing concern in the global marketplace. In looking at BPT’s profile, the company’s revolutionary technology and its outstanding R&D group has placed it in a great position to play a major role in nanotechnology in water purification technology.

USVP is a leading vc firm that is based in Silicon Valley and is dedicated to turn exceptional entrepreneurs into world class companies that have the potential to lead their industries. USVP primarily invests in early stage companies who are in the various industries that USVP’s partners have their greatest experience in. Some other companies in USVP’s portfolio include 3Ware, 4INFO, Adify, Astute Networks, Fresh Choice, Electric Cloud, and others.

Founded in 1993, Pitango Venture Capital is one of Israel’s leading vc firms and has offices in both Israel and Silicon Valley. Pitango Venture Capital primarily invests in seed, early, and expansion stage companies who are in all sectors of the tech industry. Some other companies in Pitango’s portfolio include Civcom, Surf Communication Solutions, AeroScout, Axis Mobile, and others.

For more information about BPT, click here.

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September 1, 2009

Investor, Edmond de Rothchild Investment Partners Leads $36 Million in Series B Funding for Endosense

Filed under: Venture Capital News — admin @ 8:06 am

Based in Geneva, Switzerland, medical technology company, Endosense, announced today that it had just closed $36 million US in series B funding with Edmond de Rothchild Investment Partners or EdRIP leading the round of funding. Other investors who participated in this round of funding include Neomed, Gimv, IV Partners, Sectoral Asset Management, Ysios Capital Partners, and Iniative Capital Romandie.

Founded in 2003, Endosense is a medical technology company that is dedicated to improving the efficacy, safety, and reproducibility of the catheter ablation that is used to treat cardiac arrhythmia. Since its founding, Endosense has pioneered this technology with its Touch+ Sensor Technology.

The Touch+ Sensor Technology, that Endosense has pioneered, is a catheter that has a fiber-optic cable attached to it. This new technology is based on already tested and established sensor technology that is already being used in the civil engineering industry. What makes the Touch+ Sensor Technology so accurate is that the fiber-optic sensor that is located on the catheter tip has the sensitivity of less than one g. Furthermore, the sensor technology used has already been proven and has an intuitive interface.

Proceeds from this round of funding will go to fund the European commercialization of the US pre-market testing and clinical trials of the newest technology that Endosense has to offer, the TactiCath. The TactiCath technology has the same sensor as the Touch+ Sensor Technology has, but the difference is that the TactiCath has the latest in the robotic tactical functions that can accurately map the area of the heart where the arrhythmia occurs for the physician.

According to Dr. Oliver Litzka, partner at EdRIP, Endosense’s TactiCath is positioned in a unique place in the marketplace, because of the potential it has to effectively diagnose cardiac arrhythmia. As far as cardiovascular medicine is concerned, catheter ablation is becoming a growing practice for certain cardio-medical procedures and the market for such technology has great potential. Furthermore, the concept of using force measurement curing an ablation procedure can provide for more accurate results and improve the efficacy of treatment as well as the safety of the patient.

As part of the agreement of this series B funding, Dr. Litzka of EdRIP; Gimv’s Executive Vice President of Life Sciences, Patrick van Beneden; and Diego Braguglia of IV Partners will join Endosense’s board of directors.

EdRIP is the vc arm of the group La Compagnie Financiere Edmond de Rothchild and is dedicated to minority investments into privately owned companies. EdRIP’s industry of choice is the life sciences industry and currently has over €750 million ($1,065,902,891.58) of committed capital under its management, that is mainly used for investments in life science venture and growth capital.

Based in Oslo, Norway and with offices in Boston, Massachusetts and Geneva, Switzerland; Neomed Management is an investment firm that is dedicated to investing in the healthcare and life sciences industries. Other companies in Neomed’s portfolio include Abaxis, Actelion, Aderis Pharmaceuticals, Clavis Pharma, and others.

For more information about Endosense, click here.

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