Meebo raising round, valued up to $250 million. Bear Stearns sold for $236 million
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Meebo, the site that lets users send instant messages from a single page — across various IM platforms — is trying to raise $25-$30 million at a nose-bleed valuation of between $200 million and $250 million, I’m hearing from multiple sources. This is quadruple its valuation from its previous round of between $60-$70 million last year, and a big bet that its fast-growing user base is worth something.
(Readers, let us… Continue Reading
Life sciences briefing: Wednesday, Dec. 19, 2007
TODAY’S HEADLINES:
Gene-silencing developer Santaris raises €20M (PDF release)
Consumer-driven healthcare manager RedBrick Health prescribed $15M (release)
Cardiac Dimensions takes in $36M for heart-valve device (release)
TcLand Expressions gets €8.2M for biomarkers (PDF release)
TheraQuest Bio gets $3M for pain drugs (release)
Brain-software maker NeuroTrax visualizes $1.5M (VentureWire)
ActivBiotics selling off assets after clot-busting drug failure (release)
Nanostart buys stake in Singapore’s Curiox, a drug-discovery tech firm (release)
Respiratory biotech Altair Thera gets additional funding (VentureWire)
Specialty pharma Prometheus Labs files for $100M IPO (Edgar)
Sirtris… Continue Reading
Vantage Media raises $70M to help education publishers with search advertising
Vantage Media, a Venice, Calif. firm that helps publishers in the educational sector create ads that show up higher in search engine results, has raised $70 million in a frist round of venture capital.
The financing was led by Montgomery & Co. Also participating were Scale Venture Partners, Tudor Ventures and Integral Capital Partners.
The company named Steve Jillings chief executive officer, which was one reason investors supported the company, said Rory O’Driscoll, managing director with Scale…. Continue Reading