Posts tagged “Other Firms”
Wanting to expand further, Zen-Bio Inc. seeks $3 million to fill out its research budget. RTP company is hunting targets for treating diabetes and obesity with strategic partners.
Division of Germany-based Merck KGaA, which is developing treatments for cancer and diabetes, could start building the headquarters in three years, depending on reaching some milestones.
RTP incubator counts Merix, Norak, StemCo, Serenex among its graduates. "They provided a very good setting for us to develop our company and get our feet under us," one former tenant says.
<b>Breaking Glass:</b> After walking away last year from IBM spinoff Home Director, the networking company she helped bring to life, Walker takes charge of Equitel as it tries to stave off death with a venture deal.
TapRoot Systems matches its hand-picked teams to its big-time clients to provide outsourced development of embedded systems, knowledge and follow-up.
With $70 million under management, firm concentrates on IT and life science investments. Emphasis also placed on RTP startups.
Fifty-six IT and biotech companies from Georgia and the Carolinas have been funded so far this year.
Twenty-eight tech companies in Georgia have tallied up about $284 million in venture capital through mid-May.
General Atlantic Partners leads round. Cisco also is an investor.
AEA Investors, which has ties to the Rockefellers and corporate titans, is leading Nobex's big mezzanine round. The company, which is developing oral insulin and other medications, is geared for a 2003 IPO.
- Calm on Wall Street: A turbulent week ends on a placid note
- Fed vice chair in spotlight as markets seek rate hike clues
- Survey: Plunging stock prices hit US consumer sentiment
- Program offers incentives for employers willing to train new workers
- Silicon Valley semiconductor firm buys Raleigh-based Ziptronix for $39M