Alvine gobbles $21.5M to treat gastrointestinal disease
Alvine Pharmaceuticals, developer of drugs for autoimmune and gastrointestinal diseases, has raised $21.5 million more in first-round funding, bringing the total to $47.5 million. The San Carlos, Calif. received the expansion from Panorama Capital, InterWest Partners, Prospect Venture Partners, Sofinnova Ventures, Black River Asset Management… Continue Reading
$4.5M flows to online wine seller Vinfolio
Vinfolio, the online marketplace for fine wines, has raised $4.5 million in a first round of venture funding led by Panorama Capital. Based in San Francisco, the company was known best for selling management software (called VinCellar) to wine cellars. It only launched its auction-based… Continue Reading
LV Sensors shutters, looks for buyers for assets
LV Sensors, provider of semiconductor technology for wireless sensors used in cars, has closed its doors and is pursuing buyers for its intellectual assets, reports VentureWire. Based in Emeryville, Calif., the company had no choice but to shutter after failing to raise more capital in… Continue Reading
Narus beefs up network security with $8.7M
Narus, provider of intelligence software to monitor network traffic and boost cyber security, has raised $8.7 million in a recapitalization round from American Capital, Mayfield Fund, NeoCarta Ventures, Panorama Capital and Walden International. The Sunnyvale, Calif., company has previously raised $90 million over five rounds… Continue Reading
Hyperion raises $60M to battle urea cycle disorders
Hyperion Therapeutics, developer of treatments for urea cycle disorders and illnesses, has brought in $60 million in a third round of financing from Bay City Capital, Panorama Capital, Highland Capital Partners, New Enterprise Associates and Sofinnova Ventures.
Based in South San Francisco, the company recently completed… Continue Reading
Youth media ad network GoFish reels in $22.5M
GoFish, a media-based advertising network targeting six to 17-year-olds (and moms), announced that it has brought in $22.5 million in private placement funding, which it will use to pay off its $14.5 million in debt and expand its sales and marketing staff. Backers Panorama Capital,… Continue Reading
Storage chip company Aristos Logic sells for $41M
Data storage company Adaptec has agreed to acquire Aristos Logic Corp for $41 million in cash, less than half the $91 million that Aristos has raised in venture backing since 2000, according to VentureWire.
The Foothill Ranch, Calif, company provides RAID (redundant array of independent disks)… Continue Reading
Itero Biopharmaceuticals raises $21M for proteins and antibodies
Itero Biopharmaceuticals, a San Mateo, Calif. startup working with follow-on and therapeutic proteins and antibodies, raised a $21 million first round of financing and announced a partnership with Biological E., an Indian manufacturing firm.
Alongside its partner, Itero will begin development of differentiated follow-on proteins and… Continue Reading
World Golf Tour scores big round of cash, and will become more social
World Golf Tour, a company that uses Flash technology to make a realistic game for golfers, has raised a second round of financing in the double-digit millions of dollars.
The San Francisco company, which I raved about a year ago when I first tried it out,… Continue Reading
Panorama Capital closes $240M fund
Panorama Capital has just closed a $240 million fund, its first fund as an independent brand.
Menlo Park, Calif.-based Panorama says it plans to invest in life sciences, the Internet, semiconductors and Internet infrastructure and services. The company has already made six new investments with the… Continue Reading
GridNetworks, raises $9.5M to take on Joost, BitTorrent, others
GridNetworks, a Seattle-based company that delivers TV-video content over broadband, has raised $9.5 million in a first round of funding. Panorama Capital led the deal, and was joined by two strategic investors that weren’t named.
We wrote about the company a year ago. It faces tough… Continue Reading
Panorama Capital shrinks
Panorama Capital, a Silicon Valley venture capital firm, is losing two principals and one associate, according to VentureWire (subscription required).
The shrinkage occurs as the firm tries to raise money for its first independent fund since spinning out of J.P. Morgan last year. It plans to… Continue Reading
Life sciences briefing: Wednesday, Aug. 29, 2007
(UPDATED at 3:10pm PT: See below.)
Featured companies: Agendia, EndoGastric Solutions, FlowCo, Gentris, MedManage Systems, ParagonDx, Presidio Pharmaceuticals, Xoova
Presidio Pharma raises $26M for viral treatments — San Francisco’s Presidio Pharmaceuticals, a biotech developing new antiviral drugs, raised $26 million in a second funding round. Investors included Panorama… Continue Reading
LV Sensors, secretive wireless sensor co., raises $15M
LV Sensors, an Emeryville, Calif. maker of wireless sensors for the automotive and other industries, has raised a $15 million in a second round led by Panorama Capital.
According to VentureWire (sub required), existing investors U.S. Venture Partners and Mayfield Fund also participated. The company has… Continue Reading