RazorGator gobbles $188K to resell event tickets
RazorGator, a web-based platform for reselling your tickets to sporting or entertainment events, has raised $188,000 in rights, according to a filing with the SEC. The Los Angeles-based company is backed by Kleiner Perkins Caufield & Byers, Hercules Technology Growth Capital and Oak Investment Partners.
RazorGator raises $10M in debt for sold-out event ticketing
RazorGator, an online ticket vendor specializing in tickets to sold-out sporting and entertainment events, just brought in $10 million in debt financing from Hercules Technology Growth Capital. The Los Angeles-based company says it will use the money to aggressively scale up its operation.
The company already has an impressive roster of partners, including major athletic teams like the San Francisco 49ers, Buffalo Bills, Pittsburgh Pirates, Carolina Panthers, Baltimore Ravens, Seattle Seahawks and Minnesota Vikings. It also… Continue Reading
Optiscan adds $5M tranche for glucose monitor
Optiscan Biomedical, developer of a less-invasive human glucose monitor for hospitals, received an additional $5 million in a second round of funding that now totals $53 million. The boost came from Wexford Capital, reports VentureWire.
The Hayward, Calif.-based company plans to use its new resources to see its product through clinical trials next year. While it has already been tested on humans, it has yet to receive the stamp of approval from the Food and Drug… Continue Reading
Blurb raises $5M for self-publishing software
Blurb. Inc., developer of free downloadable software that lets anyone lay out and print their very own book, announced today that it nabbed $5 million in third-round funding to continue building its feature BookSmart tool, according to peHub. Backers in this round included Canaan Partners and Anthem Venture Partners, both of which contributed to the $14 million the company raised prior. The San Francisco-based company also received $2.5 million in venture debt from Hercules Technology… Continue Reading
Small funding, for a social network: Hi5 raises $15 million in venture debt
Hi5, the social network that’s popular in Latin America and other parts of the world, has raised $15 million in venture debt from Hercules Technology Growth Capital.
This is a small amount compared to larger rival Facebook’s $240 million strategic investment from Microsoft last fall, although Hi5 did just raise $20 million in July (our coverage).
San Francisco-based Hi5 is apparently looking to build out country-specific features, as it faces increased competition from Myspace, Facebook and local… Continue Reading
Shocking Technologies raises $4M venture debt for surge protection
Shocking Technologies is a San Jose, Calif. company that has developed a dielectric material that can be printed onto circuit boards and semiconductors to protect them from electrostatic discharges.
Electronic devices have historically been vulnerable to unexpected electrical discharges. The company says its thin polymer could be installed in devices like mobile phones and computers.
The $4 million venture debt financing was provided by Hercules Technology Growth Capital (NASDAQ: HTGC), a publicly-traded investment vehicle. Shocking Technologies previously… Continue Reading
Life sciences briefing: Thursday, Oct. 25, 2007
Featured companies: BioVex, Cavadis, Innovention, Paratek Pharmaceuticals, Phase Bioscience, Reliant Pharmaceuticals, Xencor
UPDATED: Expanded Paratek and Xencor items.
Paratek Pharma raises $40M for new antibiotics — Boston’s Paratek Pharmaceuticals, a biotech working on new antibiotics to treat drug-resistant bacterial infections, raised a first tranche of a $40 million eighth round of funding. The company’s release is here, VentureWire (subscription required) has more details here.
Investors in this funding included Aisling Capital, D.E. Shaw, Boston Life Science Venture Corporation, Nomura Phase4… Continue Reading
Life sciences briefing: Thursday, Aug. 23, 2007
(UPDATED at 6:30am PT on Friday: See below.)
Featured companies: DNA2.0, Globus Medical, Inotek Pharmaceuticals, Operon Biotechnologies, PleuraFlow
Globus Medical raises $110M for spinal implants — Globus Medical, an Audubon, Pa., developer of spinal implants, raised $110 million in a fifth financing round. Investors included Clarus Ventures, AIG SunAmerica and other large, institutional private-equity funds.
Some have called this the largest venture-capital funding of the year — by a grand total of $1.65. That’s one dollar and sixty-five cents. No… Continue Reading
Ultrasound clot-buster Ekos raises $10M in debt
Ekos, a Bothell, Wash., maker of ultrasound-enhanced drug-delivery systems, raised $10 million in debt capital from Hercules Technology Growth Capital. The financing will support the sales and marketing of drug-delivery catheters that feature an ultrasound system designed to help drugs break up blood clots more quickly. Ekos launched its catheters in early 2006.
Ekos most recently raised $26 million in a third financing round led by Ascension Health Ventures, joined by new investors Oakwood Medical Investors… Continue Reading
QuatRx Pharma draws $44M after pulling IPO
Ann Arbor, Mich., specialty pharmaceutical company QuatRx Pharmaceuticals raised $44 million in a fifth funding round following the withdrawal of its initial offering last July. Like the much better-known Jazz Pharmaceuticals, QuatRx acquires drugs from other companies in order to push them through clinical development, supposedly with a minimum of risk. That helps account for the fact that its first four drugs in human testing cover a grab-bag of conditions ranging from vaginal atrophy (don’t… Continue Reading
Intelliden raises $10M more for corporate network configuration
Intelliden, a Menlo Park, Calif. company that allows businesses to configure their corporate networks, said it has received $10 million in a fifth round of funding.
It has now raised a total of $69 million in venture backing.
Matrix Partners led the round, and was joined by existing backers including 3i, Granite Global, Hercules Technology Growth Capital and Westbury Partners.
Intelliden’s networking software allows companies to things like deliver services such as VoIP, internet protocol television (IPTV)… Continue Reading
Neosil raises $10M in debt for hair-growth product
Neosil, an Emeryville, Calif., company focused on dermatology products, raised a $10 million in venture debt from Hercules Technology Growth Capital. The debt funding follows the company’s $32 million first-round venture financing in 2004, which involved MPM Capital and Burrill & Co.
Neosil is developing a peptide-based hair-growth product for male pattern baldness and a topical antimicrobial treatment. It describes the debt financing here.
Tectura, Microsoft software provider, raises $22M in debt
Tectura, a Redwood City, Calif. company that provides Microsoft software products to mid-sized and large-sized companies, has raised $22 million in debt financing from Hercules Technology Growth Capital.
See statement here.
Tectura provides things like Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) applications built on Microsoft Dynamics™ business management software.
Tectura is backed by a number of investors, mainly Pequot Ventures, but also General Electric Asset Management, Diamond Capital Management and hedge fund Ritchie Capital Management,… Continue Reading
Insomnia drug company, TransOral, raises $40M more
TransOral Pharmaceuticals, a Pt. Richmond, Calif. developer of a drug that treats insomnia, has raised $40 million in a fourth round of funding.
See the company’s announcement here.
The investor syndicate was led by New Enterprise Associates (NEA) and included follow-on investments by New Leaf Venture Partners, Montreux Equity Partners, InterWest Partners, Hamilton BioVentures, Vivo Ventures, Peninsula Equity Partners, and Hercules Technology Growth Capital.
Online book publisher Blurb raises $2.5M in debt
San Francisco online book publishing service Blurb.com has raised $2.5 million in debt financing from Hercules Technology Growth Capital.
Blurb is backed by Anthem Venture Partners, Canaan Partners and other others.
Chip design co., Atrenta raises $16M more
Atrenta, a San Jose start-up that offers chip design analysis software using standard SpyGlass technology, has raised $16 million in venture capital.
Investor Growth Capital led this fourth round of financing for Atrenta, while Samsung Ventures, Hercules Technology Growth Capital also became new investors. Existing investors Venrock Associates, TL Ventures, Smart Technology Ventures, Investcorp Technology Ventures and Finaventures participated.
In conjunction with the financing, Jose Suarez of Investor Growth Capital has joined Atrenta’s Board, and Bill… Continue Reading