Independa Closes Series A Funding - $5 Million City Hill Ventures and LG Electronics

SAN DIEGO, Jan. 2, 2013 /PRNewswire/ -- Independa™ today announced that it has closed its Series A Preferred Stock financing round at $5 million after receiving new investments to fund expanded sales, research and development, and distribution of its technology-enabled independent-living solutions…

Series A Financing of $32 Million to Develop Antibody Therapeutics for Allergic and Inflammatory Diseases

SAN MATEO, Calif., Dec. 17, 2012 /PRNewswire/ -- Allakos Inc. announced today that it has completed a $32 million Series A preferred stock financing led by Novo Ventures with participation from Alta Partners, RiverVest Venture Partners and the Roche Venture Fund. Peter Moldt, PhD., Partner at Novo Ventures, Robert Alexander, PhD., Director at Alta Partners and John McKearn PhD., Managing Director at RiverVest Venture Partners, will join the Board of Directors. Commented Dr. Moldt: "We believe that Allakos' innovative approach to developing antibody-based therapeutics represents a large and important therapeutic and commercial opportunity, founded upon a strong scientific rationale and supported by a respected management team with deep experience in therapeutic antibody development. We are pleased to join with these other distinguished investors in supporting their progress." "We very much appreciate the confidence placed in our company by our Series A investors," said Christopher Bebbington, DPhil, Founder and Chief Executive Officer of Allakos. "Our therapeutic antibodies are designed to work through novel mechanisms of action, to have significant safety and efficacy advantages and to have potential in multiple, high-value markets, including large therapeutic areas as well as orphan indications. With these proceeds, we are now well positioned to advance our lead program towards meaningful near-term milestones."

U.S. Mobile-Ad Sales Expected to Nearly Triple This Year zite.to/ZdwfhH

— techstartups (@techstartups) December 17, 2012

Andreessen Horowitz Hires Chris Dixon Away From EBay

http://bits.blogs.nytimes.com/2012/11/19/andreessen-horowitz-hires-chris-dixon-away-from-ebay/?smid=pl-share'PEhub:Though the cat was basically out of the bag by Saturday, the news is now official: Andreessen Horowitz, the firm founded in 2009 by Ben Horowitz and Marc Andreessen, has hired Chris Dixon as its newest partner. Dixon has founded two previous startups, SiteAdvisor, which was acquired by McAfee, and Hunch, which was acquired by eBay last year. He also cofounded the seed investing firm Founder Collective and has worked at Bessemer Venture Partners and at a high speed options trading firm.

Fab - Valuable Platform for Discovering Designers

Why I got Fired from Facebook (a $100 Million dollar lesson) zite.to/NXcFQw
— techstartups (@techstartups) September 30, 2012