FACTBOX: Early Stage Roundup
Compiled by Alastair Goldfisher
SAN FRANCISCO (Private Equity Week) - Thomson Reuters tracked only three startups that raised early stage capital last week from venture capitalists.
One company to raise its first round of VC was Workface Inc., a provider of a digital business card platform, which was funded by Fargo, N.D.-based Arthur Ventures. The firm was launched late last year to fund new companies in the Northern Midwest region.
Workface did not disclose the amount of funding it received from Arthur Ventures, but James Burgum, managing director of the firm, has said the firm plans to make investments of between $500,000 and $2.5 million in about eight to 12 companies in software, Internet services, information technology-related businesses, life science and cleantech.
Workface is the firm's second investment.
Including Workface, here's a quick list of the three startups tracked by Thomson Reuters to raise cash last week from investor.
INTERNET
Workface Inc. Minneapolis www.businesscard2.com Amount/Round: NA/Series A Investors: Arthur Ventures. Details: Provides what it calls a digital business card platform.
PHARMACEUTICALS
Kolltan Pharmaceuticals Inc. New Haven, Conn. www.kolltan.com <www.kolltan.com> Amount/Round: $40M/Series A Investors: Purdue Pharma, HBM BioCapital and the Pritzker/Vlock family. Details: Develops cancer therapeutics.
SOFTWARE
Wanova Inc. San Jose, Calif. www.wanova.com Amount/Round: $13M/Series A Investors: Greylock Partners, Carmel Ventures and Opus Capital. Details: Develops desktop virtualization software. The company was co-founded by CEO and CTO Issy Ben-Shaul. The pair also co-founded Actona, which was acquired by Cisco Systems.
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