OwnCloud pulled in $2.5 million in venture funding. The startup that positions itself as the open-source alternative to Box is the newest contender in the cloud storage wars.
Editor’s Pick Here are AngelList founder Naval Ravikant’s advice for budding angel investors, and entrepreneurs on the hunt for funding.
Since it was founded in June of 2009 Andreessen-Horowitz has emerged as the hottest new name in venture funding. Part of the firm’s cache comes from its aggressive approach. Today’s announcement that Andreessen-Horowtiz has raised another $1.5 billion, which everyone knew was coming, will only increase that. Overall, this means Andreessen-Horowitz has $2.7 billion under management.
Money raised by venture capital firms to fund startups is on the rise, but the number of venture capital firms raising that money is at a 16 year low.
Active Implants, a Memphis, Tenn., maker of hip, knee and spine implants, has raised $6.7 million of an expected $21 million second round of funding, VentureWire reports (subscription required). The company’s investors are mostly small local firms and Discure, an Israeli company from which Active Implants has licensed technology.
BaroFold, a Boulder, Colo., biotech raised $12 million in a first round of funding. The company is developing PreEMT, a technology that uses high levels of fluid pressure to “unclump” biotech-drug proteins that have stuck together and to force proteins that have folded up incorrectly to unfold and refold into a proper configuration. The technology may be useful in boosting production yields of recombinant, or genetically engineered, proteins, which form the basis of many biotech drugs.