Smart grid investments come hot and heavy — SmartSynch gets another $20M for talkative electrical meters
Two days ago it was Optimal Technologies with $25 million toward software for electrical grids; today, it’s SmartSynch with $20 million for wirelessly communicating meters. I haven’t gone back and done an official count, but with well over half a dozen large fundings in the… Continue Reading
Fast, cheap gene-scanner BioNanomatrix gets $5M
BioNanomatrix, a Philadelphia developer of genome-analysis systems, raised $5.1 million in a first funding round. Investors included Battelle Ventures, Innovation Valley Partners, KT Venture Group, Ben Franklin Technology Partners and21Ventures.
BioNanomatrix is developing a single-molecule imaging and analysis system that the startup says is ideal for reading DNA sequences. The startup still… Continue Reading
Life sciences briefing: Tuesday, Dec. 11, 2007
TODAY’S HEADLINES:
Cancer stem-cell co. OncoMed strikes GSK partnership worth up to $1.4B (release)
Kosmix pulls in $10M for health, lifestyle search (release)
CDI Bioscience pulls in $3M for protein-production improvements (release)
UroMedica takes in $7M for incontinence devices (VentureWire, sub req’d)
Draths raises $2.5M for flu drugs (PE Hub)
Cancer… Continue Reading
Battelle Ventures invests $8M in cleantech startups
Battelle Ventures and an affiliate fund, Innovation Valley Partners, have together invested $8 million in three cleantech energy companies: Aldis, Ampulse and Planar.
Aldis, a company that manages municipal traffic lights to significantly reduce energy costs, received $1.9 million in its first funding, alongside a commitment… Continue Reading