[Posted on April 21, 2008 - 5:03 PM]
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MediaBank
Chicago's MediaBank LLC, a provider of procurement technology and analytics for the advertising industry, has completed a $30 million second round investment from New Enterprise Associates of Baltimore. MediaBank provides software that allows media buyers to manage media procurement, planning, billing and tracking across all advertising channels including analog, Web-based and digital media, using a single platform. MediaBank will use funding will be used for research and development of technology for future media types.
Internet
TeachStreet
Seattle's TeachStreet has closed a $2.2 million Series A round to help students find local teachers. Madrona Venture Group led the new company's first round, with participation by Bezos Expeditions, both of Seattle and several strategic Seattle angel investors, including current and former Amazon.com executives Jeff Blackburn, Michael George, Jason Kilar, Kim Rachmeler, Joel Spiegel, Erik Blachford, John Musser; and Dave Richards. Proceeds will be used to launch the company's service in markets beyond Seattle, for product development, to support sales and marketing and for hiring. Launched today in the Seattle market, TeachStreet offers a comprehensive guide to more than 25,000 Seattle-based teachers, classes, instructors and schools to enable teachers and students to find one another.
Medical devices
Biofisica
Wound care therapy company Biofisica Inc. of Atlanta has obtained a $2.3 million financing commitment. The money will support marketing efforts in the U.K. and planning for initiatives in the U.S. The round included Unilever Technology Ventures of San Francisco, Novartis Venture Funds of Basel, Switzerland, the ATDC Seed Capital Fund of Atlanta and private investors. The company's PosiFect medical device combines moist wound-care dressing and electrical stimulation into a disposable, sterile dressing to facilitates the normal healing process.
Healthcare
Health Plan One
Health Plan One.com, an operator of an online marketplace for health insurance, has completed a $6.5 million Series A round. Pequot Ventures led the investment, joined by Greycroft Partners, both of New York, as well as individual investors Kevin Hill, formerly the CEO for United Healthcare Northeast; Chan Wheeler, former CEO of Uniprise; and Bill Sullivan, former president of Oxford Health Plans. Health Plan One offers an online platform for consumers to research and select health insurance plans from a range of offerings from national carriers. The site provides consumers with health insurance quotes and comparison features, among other options.
