The Deal
Sunday, November 22, 
9:25 am

VC Deaflow: Feb. 26, 2008

  Share     E-Mail    Discussion    Print Story

Software

Portico
Portico Systems of Philadelphia has raised $7.7 million in Series B financing. Edison Venture Fund of Lawrenceville, N.J., led the round with a $4.9 million investment, joined by the returning Safeguard Scientifics Inc. of Wayne, Pa., which contributed $2.8 million as a follow on to its investment in the company's initial $6 million funding in 2006. Portico's software is used by health plans to improve internal operations and increase efficiencies, by automating and managing business processes of provider networks including: contracting with and enrolling new physicians, servicing them, and streamlining payment and other claims. -- George White

Proficiency 
Proficiency Inc. of Marlborough, Mass., has raised $4.25 million in a funding led by Catalyst Investment Group of Israel, with participation from return investors Carmel Ventures and Pitango Venture Capital. Proficiency's technology enables manufacturers and their suppliers to extract and share product knowledge from diverse engineering and manufacturing environments. Its services are directed at the automotive, aerospace and heavy machinery industries. -- G.W.

Informatics

NanoImaging Services
NanoImaging Services Inc., a San Diego provider of three-dimensional transmission electron microscope imaging services to manufacturers of large molecule biopharmaceuticals, has completed a $1.5 million financing. The capital came from Merck Capital Ventures LLC of Woodcliff Lake, N.J., and will be used to move the company's service laboratory to La Jolla, Calif., next month. -- G.W.

Other

PC30
French venture capital investor Sofinnova Partners said Tuesday that it has invested in PC30, a France-based technology troubleshooting company. Terms of the deal were not disclosed. PC30 was founded in 2003 to help individuals experiencing IT problems such as installation challenges, viruses, crashes, broken Internet connections and training needs. Under the investment Olivier Sichel of Sofinnova will join PC30's board of directors. -- Phineas Lambert

Continue reading below

Also on Dealscape





Post a comment




The Deal Pipeline

Deal Video


Inside The Deal: Avaya Inc.'s Mohamad Ali on the company's next target.


More video...

Crisis On Wall Street
Technology
Deals of The Decade

Community

Industry Insight

Managing your shareholder base

Growth companies and their PE sponsors should be wary of the pitfalls that arise when they layer on tiers of preferred stock.


Industry Insight

Easing the stress of distressed M&A

Corporate buyers face numerous complexities when trying to identify the right moment to purchase a distressed asset.


Editor's Note

Editor's letter: Nov. 16, 2009

Beneath the veneer of Wall Streeters beats the same heart, stirred by the same determinants of behavior.



©Copyright 2008, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.