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Finance Friday: 4 March 2011

$100 bills in a circle (Photos8.com)

(Photos8.com)

Here are recent angel and venture finance transactions for science- and engineering-based companies, as reported by Xconomy and Venture Capital Reporter.

Biomedical/Life Sciences

Retina Implant AG in Reutlingen, Germany, a medical device company developing sub-retinal implants to help visually impaired people improve their sight, secured $18 million in its second round of equity funding from its existing investors.

CardioFocus in Marlborough, Massachusetts, a developer of a system for laser ablation procedures used in treating irregular heart rhythms known as atrial fibrillation, raised $30.6 million in equity financing from new investors First Alliance & Capital Invest, Fletcher Spaght Ventures, and Manatuck Hill Partners, as well as all previous investors.

NeuroPhage Pharmaceuticals, a drug developer in Cambridge, Massachusetts, raised $12.4 million in a Series B financing led by Mérieux Développement, the health care investment arm of French firm Institut Mérieux, with backing from Irish biopharma company Shire.

Cardiorobotics in Raynham, Massachusetts, a maker of a robotic catheter for heart procedures, raised $6.6 million of equity- and rights-based funding.

Tibion in Sunnyvale, California, a maker of a bionic assist device to help stroke victims recover movement and strength in their legs, collected $10.175 million in venture backing, led by Three Arch Partners and Hambrecht & Quist Capital Management.

Energy and Environment

Aircuity in Newton, Massachusetts, a developer of systems for intelligently controlling air ventilation in commercial buildings, added a $3.5 million equity round.

Powerit Solutions in Seattle, Washington, which provides energy management and conservation for industry clients, captured $5 million in equity financing, led by new investor Black Coral Capital and joined by four repeat investors.

Engineering and Electronics

Achronix a semiconductor company in Santa Clara, California, raised $45 million in a series C equity funding round.

Physical Sciences

Genomatica, a biotechnology  company in San Diego, California creating industrial chemicals, raised $45 million in a Series C round of venture equity funding.

Read more: Finance Friday: 25 February 2011

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1 comment to Finance Friday: 4 March 2011