Caring.com finds $10M to coordinate elderly care
Caring.com, a web site that helps people find caretakers for elderly relatives, has brought in $10 million in a second round of funding, according to Dow Jones VentureWire. Based in San Mateo, Calif., the company is backed by Shasta Ventures, DCM, Split Rock Partners and a handful of private individuals.
Caring Inc. buys Gilbert Guide to connects seniors with housing
Caring Inc., the company that runs Caring.com to provide resources for people taking care of the elderly, has acquired Gilbert Guide, a directory of senior living facilities, for an undisclosed amount, reports Dow Jones VentureWire. Based in San Mateo, Calif. Caring Inc., had partnered with Gilbert Guide before. The company hopes that incorporating Gilbert Guide’s offerings will up its primary site’s traffic. Caring raised $6 million in a first round of funding in 2007 from… Continue Reading
ForSight startup takes in $6M for advanced eye care
ForSight Vision4, the fourth vision technology startup incubated by ForSight Labs, has brought in $6 million in venture capital, reports VentureWire. While no investors in this recent round were named, the firm’s past companies have been backed by Morgenthaler Ventures, Split Rock Partners and Versant Ventures.
Based in Menlo Park, Calif., ForSight Labs has spun off four companies to date, each focusing on technology and devices used to provide advanced eye care. Its first company, glaucoma… Continue Reading
Transcend Medical sees $20M for glaucoma device
Transcend Medical, maker of devices used to treat glaucoma, brought in $20 million of an anticipated $40 million round of equity, reports VentureWire. Based in Menlo Park, Calif., the company brought in $9.4 million in a first round of funding in 2006 from Morgenthaler Ventures, Split Rock Partners and Versant Ventures.
Sonoma secures $12M to heal wrist, clavicle fractures
Sonoma Orthopedic, maker of a device used to mend wrist and clavicle fractures, has raised $12 million in a third round of funding to commercialize its first two products, reports VentureWire. Based in Santa Rosa, Calif., the company’s flagship offering is the WaviBody — a flexible device inserted directly into a fractured bone that then becomes rigid, setting the break in an anatomically accurate way.
Both wrist and clavicle fractures have proved problematic for doctors in… Continue Reading
Ardian pumps in $47M for high blood pressure device
Ardian , developer of a device that could help treat high blood pressure, has brought in $47 million in a third round of funding led by Medtronic and including Emergent Medical Partners , Advanced Technology Ventures , Morgenthaler Ventures and Split Rock Partners .
Based in Palo Alto, the company claims that its technology relieves hypertension and risk of coronary disease or stroke to a greater degree than drug treatments like ACE inhibitors and beta blockers.
Ardian… Continue Reading
Migraine sufferers look elsewhere as Cierra buckles
The headache is over for medical device maker Cierra. Actually it’s all over. The Redwood City, Calif.-based company is out of business after failing to draft enough participants into a clinical trial of a catheter-based technology purported to reduce migraines, VentureWire reported. It takes $29 million in venture capital down with it from investors Delphi Ventures, Frazier Healthcare Ventures, Morgenthaler Ventures and Split Rock Partners.
Believing that migraines could be made less frequent by sealing a… Continue Reading
EBR Systems gets $35 million for new style pacemaker
EBR Systems, which develops cardiac pacing devices, has raised a $35 million third round of financing. This money will help it take its product to clinical trials, according to VentureWire.
Delphi Ventures led this round, with existing investors De Novo Ventures, Frazier Healthcare Ventures, Split Rock Partners and SV Life Sciences joining in.
The Sunnyvale, Calif-based EBR has raised $27 million in its previous two rounds.
Sinexus gets $20M, Entellus takes $15M for sinus products
Feeling stuffy? Two sinus-focused companies, Palo Alto, Calif.-based Sinexus and Maple Grove, Minn.-based Entellus, want to help out, with fresh rounds of funding for product development.
Venture funding for ear, nose & throat (ENT) companies hasn’t been terribly common in the past, but seems to be on the rise, with companies like these two and Acclarent, which took $35 million last year, promising safer, easier treatments for common sinus conditions. Acclarent just filed for an $86.25… Continue Reading
Split Rock Partners raises $300M for second fund
Split Rock Partners, a venture capital firm based in Minneapolis with offices in Menlo Park, Calif., has raised a $300 million second fund for investment in healthcare, software and Internet companies.
Split Rock first raised funds in 2005, picking up $275 for its inaugural fund. It reports that all investors in that fund returned for the second. The fund invests does early stage investment, and has put money into companies incuding Atritech, Evalve, Gearworks, HireRight, and… Continue Reading
Miramar Labs gets $20M for “aesthetic” devices
Miramar Labs (no Web site), a Menlo Park, Calif., medical-device maker, raised $20.3 million in a second funding round, I’ve learned. There isn’t a huge amount of public information about the company, although it appears that the company is working on electromechanical devices of some sort for “aesthetic indications” — cosmetic surgery, in short.
Investors in the round included Split Rock Partners, Morgenthaler Partners and Domain Partners.
TNS buys Web traffic analysis company Compete for $75M
Taylor Nelson Sofres, the world’s third largest market research company according to one measure, has acquired Compete, a company that tries to measure the traffic and types of people that visit certain web sites, for $75m (£37.8m).
TNS, based in London, apparently made the statement as it announced revenue growth today.
What’s eye-opening is the relatively low purchase price, considering how important traffic analysis technology has become these days and because venture capitalists had pumped $43 million… Continue Reading
Life sciences briefing: Tuesday, Jan. 8, 2008
TODAY’S HEADLINES:
CyberHeart pumps in $9M for cardiac-arrhythmia treatment (release)
Incubator ForSight launches third device company with $6M funding (release)
Primera Biosystems raises $21M for molecular diagnostics (release)
Biogen Idec, PDL BioPharma take stakes in Ophthotech (release)
Technitrol acquires medical-device component maker Sonion for $385M (release)
DLJ Merchant Banking takes control of dentristy-product maker Den-Mat (release)
SV Life Sciences appoints Hamish Cameron as venture partner (release)
CyberHeart pumps in $9M for cardiac-arrhythmia treatment – CyberHeart, a Menlo Park, Calif., startup developing a non-invasive treatment… Continue Reading
Evalve pulls in $60M, heating up heart-valve implant race
Evalve, a Menlo Park, Calif., developer of minimally invasive heart-valve repair implants, raised $60 million in a fourth funding round.
Evalve’s device is designed to replace risky open-heart surgery for patients whose mitral valve, which regulates blood flow between the left two chambers of the heart, fails to close properly. The device allows interventional cardiologists to thread an implant clip through the femoral artery of the leg to the heart, where it can pin together… Continue Reading
Caring.com, a site for caregivers, to launch this week
(Update: Turns out, Care.com, a very similarly named site, has just raised $2M. More below.)
Caring.com, a Silicon Valley web site aimed to help people care for aging parents, plans to launch its Web site Friday, and has raised $6 million in a first round of venture funding.
Split Rock Partners led the round. DCM, which previously backed the Palo Alto, Calif. company with $750,000 in seed capital, also participated according to VentureWire (subscription required).
Founder Andy Cohen… Continue Reading
Life sciences briefing: Tuesday, Aug. 21, 2007
(UPDATED at 7:40pm PT: See below.)
Featured companies: Adnexus Therapeutics, BioForm Medical, Confirma, Cardiovascular Systems, Mirabilis Medica, Neuromed Pharmaceuticals, PlaCor, Seno Medical Instruments, Vibrynt
BioForm Medical files $115M IPO for “medical aesthetics” — BioForm Medical, a San Mateo, Calif., developer of wrinkle fillers and other products for cosmetic procedures, filed to raise $115 million in an initial offering. BioForm’s major customers are plastic surgeons and dermatologists.
BioForm, however, takes pains to describe itself differently on its Web site…. Continue Reading
ForSight Labs appoints CEO, and invests $5M into second ophthalmic company
ForSight Labs, a Menlo Park, Ca. incubator of ophthalmic start-ups, said it has appointed K. Angela Macfarlane as President and CEO.
In addition, ForSight said it has invested in a second company. This company, name undisclosed, raised an initial $5 million round from Morgenthaler Ventures, Split Rock Partners and Versant Ventures, ForSight said in a statement.
Forsight Labs launches glaucoma treatment co., Transcend, with $7M
Medical incubator ForSight Labs has launched glaucoma treatment company, Transcend Medical, with a $7 million in a first round of funding from venture capitalists, according to VentureWire (sub required).
Morgenthaler Ventures and Split Rock Partners, two of the investors in ForSight, co-led the round. ForSight’s third investor, Versant Ventures, did not participate because it already has another glaucoma treatment company, Glaukos Corp., in its portfolio, Campbell told VentureWire. Morgenthaler, Split Rock and Versant participated in… Continue Reading
MyNewPlace raises $12 milion for apartment rental site
MyNewPlace has raised an additional $12 million in venture capital.
We wrote about the company back in March, when the San Francisco company first raised $8 million,, and did a podcast with founder John Helm, where we explained the model in more detail. It does not rely on advertising, but gets paid when units are filled.
Sutter Hill Ventures and Split Rock Partners co-led the round, joining previous investors Trinity Ventures and real estate companies United Dominion… Continue Reading