Burlingame, CA-based medical device company RefleXion Medical has raised $11.6 million in a Series A funding round led by Sofinnova Partners. Pfizer Venture Investments and Venrock contributed to the investment. The company is working on “the first biologically-guided radiation therapy system for cancer treatment,” according to a press release. Last year, Reportbuyer.com gauged the 2013 American medical device market at about $127.1 billion.
According to Silicon Allee, Berlin-based car sharing company CiteeCar has gained €7.3 million ($10 million) in Series A funding. Mangrove Capital Partners led the investment, the report stated. The company’s motto is “Driven by you.”
Newlight Technologies has received $9.2 million in a Series C funding round from new and current backers. The total amount of capital behind the Irvine, California company comes to $18.8 million. Newlight delivers “cost-effective, carbon-negative AirCarbon plastics,” according to a press release.
Medical device company Holaira, Inc., has secured $42 million in Series D investment. Vertex Venture Holdings Ltd. led the round, which saw contributions from Windham Venture Partners and two strategic funders. All of the Plymouth, Minnesota company’s current venture backers (Advanced Technology Ventures, Split Rock Partners, Versant Ventures and Morgenthaler Ventures) participated as well. Holaira works on products for the treatment of obstructive lung diseases, according to a press release.
Educational game company JumpStart has gained $13 million in debt financing. Hercules Technology Growth Capital, Inc. led the investment. The Torrance, California company also goes by the name Knowledge Adventure. “Since 1991, JumpStart…has been designing games under its two flagship brands JumpStart and Math Blaster,” according to a press release.
Oakland, CA-based Sungevity, which operates in the worldwide solar market, has received $70 million in fresh funding. Jetstream Ventures led the round; E.ON and GE Ventures participated. Sungevity increased sales in the U.S. by 100 percent last year. The company serves nine states in America; Washington, D.C.; Australia; and The Netherlands.
Breast tissue expander company AirXpanders Inc. has received a $7 million “senior secured multi-draw term loan credit facility…of which $3.5 million has been funded,” according to a press release. GE Capital, Healthcare Financial Services delivered the credit facility. AirXpanders Inc. is based in Palo Alto, California.
Exeter, New Hampshire-based Vapotherm, which makes advanced respiratory care devices, has realized a $24 million investment round led by Gilde Healthcare Partners, L.P. New backer Adage Capital Management, L.P. joined current ones 3×5 Special Opportunity Fund, Kaiser Permanente, Morgenthaler Ventures, Integral Capital Partners, Cross Creek Capital and QuestMark Partners. The company’s high flow therapy has been used to treat more than 600,000 patients, according to a press release.
Cinematic virtual reality (VR) company Jaunt has raised $6.8 million. The funding comes from backers such as Redpoint Ventures, Blake Krikorian, SV Angel, Peter Gotcher, and British Sky Broadcasting. The Palo Alto company also debuted its VR technology for the first time, according to a press release. MarketsandMarkets forecasts the value of the augmented reality and virtual reality market will hit $1.06 billion by 2018.