Portola Pharma gets $20M debt financing
Portola Pharmaceuticals, a South San Francisco biotech company developing cardiovascular and vascular disease therapies, has raised $20 million in debt financing from Hercules Technology Growth Capital.
Portola is already backed by venture firms Abingworth, Alta Partners, ATV, Frazier Healthcare Ventures, MPM Capital, Prospect Ventures and Sutter Hill Ventures.
The company said it has two drug candidates in clinical development: 1) an oral Factor Xa inhibitor in a Phase II trial for the prevention of Deep Vein Thrombosis… Continue Reading
Ruckus Wireless has raised $16M for TV WiFi
Ruckus Wireless, a Sunnyvale start-up that develops WiFi technology designed to carry Internet TV signals through large homes, including around and through walls and other barriers, has raised $16 million in a fourth round of funding.
The round was led by Motorola Ventures and T-Online, and included other private investors. The company has already received $14 million from Sequoia, WK Technology and Sutter Hill, and those investors participated in latest round, the company said.
The company said… 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