Solar ink maker Innovalight shines with $15M
Innovalight, a Sunnyvale, Calif. company that has developed solar ink (made of liquid-like solar cells) capable of being printed onto conducting surfaces to generate power, has brought in $15 million of an anticipated $20 million round of equity and rights, according to a filing with the SEC.
This brings the company’s total raised to $55 million, with backers including Arch Venture Partners, Apax Partners, Convexa Capital, Harris & Harris, Seven Rosen Funds, Leader Ventures and Silicon… Continue Reading
Spray-on solar ink is coming soon — to paint on roofs and generate energy
[Update: We've clarified this story to make clear that Innovalight is not involved with this project]
Technology to turn light-absorbing materials into nano-size particles to make so-called solar ink that can be sprayed on to roofs to generate energy, is apparently only three to five years from becoming a reality.
At least, that’s according to Brian Korgel, an entrepreneur and chemical engineer at the University of Texas at Austin. Korgel tells LiveScience that his project, which has… Continue Reading
Vindicia raises $7.5M more for online billing
Vindicia, which provides companies with online software to help manage web billing and payments, has raised $7.5 million in a fourth round of venture funding.
The Redwood City, Calif., startup is one of several companies (Zuora and Aria Systems are the other ones we’ve covered) trying to bring the software-as-a-service approach, where the tools are provided via online subscription, to the billing software market. Among its customers are Symantec, Intuit, Atari/Cryptic Studios, and Outspark. The company… Continue Reading
Revance absorbs $8M for topical Botox
Aesthetic drug developer Revance Therapeutics has landed $8 million in venture debt financing from Leader Ventures and Horizon Technology Finance. The money will be used to push its lead compound, a topical form of botulinum toxin type A (popularly known as Botox), through clinical stage trials.
While the injected form of the chemical has gained notoriety in the media, in reality, only about 10 percent of the targeted market (about 25 million women) has used it…. Continue Reading
Innovalight rakes in $5M for solar cell ink
Investors Leader Ventures and Silicon Valley Bank have shined on solar cell company Innovalight, providing $5 million in new financing toward the development of silicon solar modules so small they can be painted onto surfaces like ink.
The Sunnyvale, Calif. company uses liquid processing of silicon to produce nanosize solar prarticles that are not only more efficient than crystalline wafers, but also much cheaper to make than regular solar panels. It received $28 million last year… Continue Reading
Fast-growing MobiTV raises $5M more to fund equipment purchases; total funding now at $129M
MobiTV, a heavily funded provider of white-label streaming video services, says it is adding a million subscribers to every six months. The Emeryville, Calif.-based company offers video streaming to any internet-connected device, but focuses on working with carriers and operators to provide professionally-produced television on mobile devices.
Now it’s just raised $5 million from Leader Ventures — on top of $125 million it has already raised from venture firms Gefinor Ventures, Menlo Ventures, Redpoint Ventures, private… Continue Reading
VoloMedia raises $3.5M for download advertising and metrics
VoloMedia, a Menlo Park, Calif. advertising and measurement firm that was formerly known as Podbridge, has raised $3.5 million in a second round of financing.
Blended ads and analytics packages are more common in niche advertising markets like VoloMedia’s. The company puts ads into downloadable media like videos and podcasts (hence its previous name).
The $3.5 million financing was provided by Leader Ventures, which blends venture money with loans; none of the previous backers were included in… Continue Reading
LS9 takes $3M loan for biofuel plant equipment
LS9, a synthetic biology startup that’s modifying microbes to churn out biofuels, has taken on a $3 million loan toward the construction of a pilot production plant, according to VentureWire.
The loan was provided by Leader Ventures. LS9 has also taken about $20 million to date in two rounds of venture capital.
Travel sites Kayak and Sidestep merge, aim to become market leader
Updated
Travel search engine Kayak has taken on $196 million in additional funding from a prominent group of investors.
It has separately purchased main rival SideStep for $180 million, as well as $20 million in the company’s bank account for a total of $200, Techcrunch first reported. [Update: We now hear from a source that the total sale was for slightly less: $175 million plus $18 million in cash, for a total of $193 million.]
Together, the companies… Continue Reading
Life sciences briefing: Thursday, Aug. 9, 2007
(UPDATED at 6:40pm PT: See below.)
Featured companies: Nereus Phramaceuticals, KFx Medical, NeuroMed Pharmaceuticals, Adnexus Therapeutics, Masimo, Biofisica, Aegera Therapeutics, LymphoSign, InfuScience, Palmetto Infusion Services
Nereus Pharma raises $45M for ocean-derived cancer drugs — San Diego’s Nereus Pharmaceuticals, a biotech that searches for cancer drugs in marine microbes, raised $45 million in a follow-on to its fourth funding round.
The company features an all-star lineup of investors, which includes BankInvest, Roche Venture Fund, Astellas Venture Management, Boston Life Science Venture… Continue Reading