Author Archives: the HedgeCo News Team
Born at Brown, Cyberkinetics gets capital
* Cyberkinetics technology could allow paralysis victims to use their brains to control devices such as keyboards. * * * Cyberkinetics Inc., a biotechnology company spun out of Brown University, has closed a $4.3-million round of venture capital financing. Although […]
Man’s hedges grow ; News in brief
SURGING demand for hedge funds raised assets at specialist manager Man Group (1289p, up 14p) by 2.2bn last quarter, to more than 18bn.
Pittsburgh-Area Biotech Firms Draw Capital from Venture Companies, Individuals
Jul. 9–Local biomedical start-ups seem to be luring investors again. And this is happening despite a weak economy and slower than expected progress in delivering two new sources of public financing to the region’s life sciences industry. In recent weeks, […]
Affinnova Adds $6 Million in B Round from Flagship Ventures
CAMBRIDGE, Mass.–(BUSINESS WIRE)–July 9, 2003–Affinnova, a leading provider of product design, development, and testing solutions, announced today that it has completed a $6 million Series B roundof financing led by Flagship Ventures. This latest financing round is expected to accelerate […]
Mimeo, Inc. Closes $5.5M Financing Round
Mimeo, Inc., the leading provider of web-based, on-demand digital printing and distribution, has finalized a financing round in the amount of $5.5 million with new and existing investors. HarbourVest Partners, LLC led this fourth up-round. Existing investors and insiders including […]
ITU Ventures Announces Formation of Its 3rd Fund, the $36,000,000 ITU Ventures WEST I, LP; Dedicated to Universities and Research Institutions in the Western U.S.
LOS ANGELES–(BUSINESS WIRE)–July 9, 2003– Pension and Corporate Investors Include Colorado PERA, New Mexico State Investment Council, Oklahoma Capital Investment Board, Boeing and Storagetek ITU Ventures, the leading venture capital firm investing in technology businesses emerging from research universities, today […]
Mimeo, Inc. Closes $5.5M Financing Round
NEW YORK, NY — (MARKET WIRE) — 07/09/2003 — Mimeo, Inc., the leading provider of web-based, on-demand digital printing and distribution, has finalized a financing round in the amount of $5.5million with new and existing investors. HarbourVest Partners, LLC led […]
ITU Ventures Announces Formation of Its 3rd Fund, the $36,000,000 ITU Ventures WEST I, LP; Dedicated to Universities and Research Institutions in the Western U.S.
LOS ANGELES–(BUSINESS WIRE)–July 9, 2003– Pension and Corporate Investors Include Colorado PERA, New Mexico State Investment Council, Oklahoma Capital Investment Board, Boeing and Storagetek ITU Ventures, the leading venture capital firm investing in technology businesses emerging from research universities, today […]
Pittsburgh Biotech Firms Attracting Capital from Venture Firms, Individuals
Jul. 9–Local biomedical start-ups seem to be luring investors again. And this is happening despite a weak economy and slower-than-expected progress in delivering two new sources of public financing to the region’s life sciences industry. In recent weeks, at least […]
NWP Services Corporation Secures $15 Million of New Financing
SANTA ANA, Calif.–(BUSINESS WIRE)–July 8, 2003– Show of support from leading venture capitalists strengthens company’s aggressive customer acquisition and product development strategies NWP Services Corporation, the largest and fastest-growing provider of utility billing, energy management, customer care and information services […]
Van Global Hedge Fund Index Extends Winning Streak in June; Hedge Funds Earn 1.4% Net in June, Fourth Straight Positive Month
NASHVILLE, Tenn.–(BUSINESS WIRE)–July 8, 2003–Van Hedge Fund Advisors International, Inc. (VAN) announced today that the Van Global Hedge Fund Index posted its fourth consecutive winning month inJune with a preliminary return of 1.4% net of fees. The preliminary June Index […]
Echopass Secures Additional $4 Million in Series B Funding; Funding Fuels Company’s Sales and Marketing Initiatives for Hosted Contact Interaction Solutions on Demand
SALT LAKE CITY–(BUSINESS WIRE)–July 8, 2003–Echopass, a leading provider of hosted contact interaction solutions, today announced it has secured an additional $4 million in Series B funding led bynew investor Cardinal Venture Capital and supported by existing investors NEA, Canaan […]