Prepared Response Raises $6.3M, Cell Therapeutics Loses Debt, RealNetworks Gets Into Netbooks, & More Seattle-Area Deals News
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Series B funding round, and is now in M&A talks with a few larger companies. Berkley added that any acquisition will play out in the next two or three months. SplashCast syndicates TV shows to customers’ Facebook and MySpace pages through a partnership with Hulu.
—I caught up with Robbie Cape, the founder and CEO of Seattle-based Cozi, to hear about the software startup’s recent deal with computer maker Dell. Cozi’s Web-based calendar and family-activity software comes pre-loaded on Dell’s new Studio One 19 touch-screen desktop. Cape said Dell machines account for almost half of Cozi’s signups—a significant boost to his company’s business.
—Seattle-based Prepared Response, a crisis management and emergency preparedness company, raised $6.3 million out of an $8.7 million equity offering, as Eric reported. Most of the funding came from angel investors, with the rest footed by Benaroya Capital. The money will be used to develop Prepared Response’s software products, as well as expand sales and marketing reach overseas.
—Luke reported that Seattle-based Cell Therapeutics (NASDAQ: CTIC), a maker of cancer drugs, is modifying an auction process in an effort to get rid of its $118.9 million in debt. The company hopes to capitalize on the rising demand for its shares after it released data on its lead drug candidate for non-Hodgkin’s lymphoma at the American Society of Clinical Oncology last week.
—Seattle-based EnerG2, a developer of advanced materials for ultracapacitors and other energy storage devices, raised an additional $2.5 million in equity and options from existing investors OVP Venture Partners and Firelake Capital Management, Luke reported. Back in November, we broke the news of EnerG2’s initial $8.5 million funding round, and detailed the company’s technical approach and business strategy.
—RealNetworks (NASDAQ: RNWK), the Seattle-based digital media and entertainment company, signed licensing agreements with a slew of operating systems vendors to power software applications like Real Player on netbooks. Financial terms were not released, but now Real will play on both Windows and Linux-based devices. The move is viewed as an effort to gain traction on open-source netbooks.