With new release and new funding, Wetpaint wants to “wikify” the web

With new release and new funding, Wetpaint wants to “wikify” the web

updated

Since its launch in 2006, software from a Seattle startup called Wetpaint has been used to build nearly a million wikis where a company’s customers and fans create the content. That’s pretty impressive, but Wetpaint chief executive Ben Elowitz says some companies weren’t satisfied — it would be even better if they didn’t have to create the wiki on a separate site.

Wetpaint addresses that need with its new release, dubbed Wetpaint Injected, which does exactly… Continue Reading

IPO still on hold, Light Sciences beams up $30M

Snoqualmie, Wash.-based Light Sciences Oncology, a developer of light-activated cancer drugs, raised $30 million in a second funding round, even though it still has an IPO registration on file with the SEC. The latest funding closes out the company’s second round, which includes a $15 million investment by Fidelity Investments I wrote about here.

The company didn’t name its latest investors in its press release, but according to VentureWire they include Lehman Brothers, the hedge fund… Continue Reading

Light Sciences Oncology, IPO on hold, raises $15M

Light Sciences Oncology, a Snoqualmie, Wash., developer of light-activated cancer drugs and delivery systems, raised $15 million in a second venture round despite having an IPO on file with the SEC, VentureWire reports (subscription required). Fidelity Investments provided the funding.

The company’s lead product is Litx — a combination of a normally inert drug that is activated when exposed to specific wavelengths of light and a flexible light-emitting diode that can be inserted into solid tumors… Continue Reading