Direct Flow Medical takes $40M for heart valve treatments
Direct Flow Medical, maker of a minimally-invasive device to treat heart valve disease, has raised $40 million of a targeted $42.5 million third round of venture funding, according to a filing with the SEC. Based in Santa Rosa, Calif., the company is backed by Johnson & Johnson Development Corp., Foundation Medical Partners, VantagePoint Venture Partners, ePlanet Ventures, EDF Ventures, New Leaf Venture Partners and Spray Venture Partners. It has raised $75 million to date.
Sonoma secures $12M to heal wrist, clavicle fractures
Sonoma Orthopedic, maker of a device used to mend wrist and clavicle fractures, has raised $12 million in a third round of funding to commercialize its first two products, reports VentureWire. Based in Santa Rosa, Calif., the company’s flagship offering is the WaviBody — a flexible device inserted directly into a fractured bone that then becomes rigid, setting the break in an anatomically accurate way.
Both wrist and clavicle fractures have proved problematic for doctors in… Continue Reading
IntelePeer raises $18M for telephony-Web platform
IntelePeer a Silicon Valley company that offers technology to make calls from within Web applications to phones or other devices, has raised $18 million in a third round of venture capital funding led by VantagePoint Venture Partners.
IntelePeer is somewhat like Ribbit, another Silicon Valley company we’ve written about that lets developers insert phone software into any Web application — and which was so popular that it was snapped up shortly after launch by BT for… Continue Reading
TheFunded delivers subpoenaed documents
TheFunded, the VC-review site that was recently subponaed by EDF Ventures, says it has handed over the requested documents — and, amusingly, site owner Adeo Ressi decided to videotape himself as he delivered the documents to the Oakland offices of EDF’s attorneys.
During the video, Ressi repeats his claim that the documents don’t reveal anything about the anonymous commenter whom EDF has filed suit against; the firm alleges that the commenter misrepresented him- or herself in… Continue Reading
Analysts: EDF Ventures’ deal terms aren’t that harsh
Updated
In the wake of EDF Ventures‘ subpoena demanding information about one of its critics on controversial VC-rating site TheFunded, more scathing commentary about the Ann Arbor, Michigan firm has come to light. For example, the commenter targeted by EDF says the firm has “very harsh deal terms.” But does that criticism hold any water? Not really, according to the analysts at VC Experts, who examined four of EDF’s recent deals and found “nothing too out… Continue Reading
Subpoenaed documents at TheFunded reveal more negative commentary about EDF Ventures
updated
Venture capital firm EDF Ventures last week subpoenaed the Web site TheFunded, demanding information about a person who left negative comments about EDF.
This evening, VentureBeat has exclusively obtained documents requested by the subpoena. TheFunded’s owner, Adeo Ressi, will likely hand over these documents to the court (which actually issued the subpoena) in ten days or so. For now, this post is the only place you’ll see the documents.
First, a quick disclosure: VentureBeat has a business… Continue Reading
Life-science briefing: Tuesday, April 1, 2008
TODAY’S HEADLINES:
Oxford NanoLabs takes in £10M for sequencing tech (PDF release)
Alure Medical raises $4.5M for plastic-surgery implants (release)
Bone-disease biotech Therosteon spins out of research institute, raises funds (PDF release)
Genome-analysis toolmaker BioTrove files for $75M IPO (Edgar)
RNAi developer Tekmira acquires Protiva, ends litigation (release)
Oxford NanoLabs takes in £10M for sequencing tech – U.K. based Oxford NanoLabs, yet another startup developing high-speed genome-sequencing technology, raised £10 million in a new funding round. The company said only that its… Continue Reading
Life sciences briefing: Friday, Oct. 19, 2007
Featured companies: DirectFlow, Direvo, Indigo Biosystems, MacroGenics
Direct Flow raises $27M for heart-valve implants — Santa Rosa, Calif.-based Direct Flow Medical, a startup developing heart implants, raised $27 million in a second funding round. Investors included Johnson & Johnson Development, Foundation Medical Partners, VantagePoint Venture Partners, ePlanet, EDF Ventures, New Leaf Venture Partners and Spray Venture Partners.
Direct Flow makes minimally invasive aortic-valve replacements for the heart. This particular field happens to be booming — we’ve previously covered… Continue Reading
RockeTalk raises $7.1M for mobile phone messaging tools
RockeTalk, a San Diego-based developer of software that combines all mobile phone messaging tools into a single application, has raised around $7.1 million in a first round of funding, according to a regulatory filing cited by PE Wire.
Backers include iSherpa Ventures, EDF Ventures and Mission Ventures. RockeTalk CEO Rajiv Kumar previously was co-founder of bluetooth software company Widcomm.
Sonoma Orthopedics raises at least $10M for spinal devices
Sonoma Orthopedics, a stealthy spinal-device maker in Santa Rosa, Calif., raised at least $10 million in a second funding round, VentureWire reports. The company raised $3 million in a first round last April.
Sonoma Orthopedics is at work on devices that repair or reinforce bones from the inside. MedVenture Associates led the round, and was joined by existing investors EDF Ventures, Asset Management, Halo Fund and Angel’s Forum.
Greenplum, and the Web 2.0 server
Greenplum, a San Mateo company offering businesses an affordable way to sort though hundreds of terabytes of data to become more intelligent about their customers’ habits, has raised $19 million in financing.
Greenplum is significant because it says it provides a database for speedy data warehousing at a tenth of the cost of leading incumbent, Teradata. It does so by working with the new server built by Sun co-founder Andy Bechtolsheim, billed internally as the “Web… Continue Reading