Cancer drug maker BiPar sells to Sanofi-aventis for $500M
BiPar Sciences, maker of tumor-targeting cancer treatments, will be acquired by public global pharmaceutical company Sanofi-aventis. The two companies have signed a binding agreement that could deliver more than $500 million to BiPar, divided into varying milestone payments.
Based in Brisbane, Calif., BiPar creates therapies, primarily… Continue Reading
Data switch-maker Hammerhead dead in the water
Telecom data-switching company Hammerhead Systems has folded due to the poor economy, reports VentureWire. Specifically, the Mountain View, Calif.-based company failed to recruit enough mobile carriers as customers for its Ethernet aggregation switches, which rout data from mobile users back to operator networks.
The company claims… Continue Reading
Transera raises $17M for on-demand call center technology
Transera, provider of software that lets its clients set up cost-effective call centers with agents (in-house or outsourced) all over the world, announced that it brought in $17 million in a fourth round of funding from Accel Partners, Apax Partners, Lighthouse Capital Partners and Storm… Continue Reading
BiPar snags $20M for inhibitor-based cancer therapies
Pharmaceutical firm BiPar Sciences just brought in $20 million in private equity and venture debt to advance its lead therapy, targeting breast cancer, to phase-three clinical trials. The investment will double the Brisbane, Calif.-based company’s cash on hand, a huge vote of confidence for its… Continue Reading
Angie’s List swells with $7M for consumer reviews
Angie’s List, the site that lets users rate and review local service providers from doctors to dog walkers, just nabbed $6 million in subordinated debt financing and $1 million in equity. The investment comes less than a month after it took $18 million in venture… Continue Reading
Venture debt firm Lighthouse Capital Partners closes $132M fund
Lighthouse Capital Partners, a firm that loans money to venture-backed start-ups, has raised $132 million for its sixth fund, reports VentureWire (sub required).
The firm, which has offices in Boston and Menlo Park, Calif, has a $350 million target for the fund, and could raise as… Continue Reading
Ericsson picks up broadband services co., Entrisphere, for reported $290 million
Ericsson said it has acquired Entrisphere, a Santa Clara company providing fiber technology so that people can access broadband.
The amount was not disclosed, but Network World hears a rumor that it was $290 million. For a company that soaked up at least $146 million since… Continue Reading
E-commerce search company, Mercado, raises $11M
Mercado Software, a Pleasanton company that provides e-commerce search technology, said it has raised $11.5 million in a third round of funding.
Investors include Israeli-based The Challenge Fund and British investment firm Consensus Group, and existing investors Pitango Venture Capital, Eucalyptus, Star Ventures and Valley Venture… Continue Reading