Venture Capital Dispatch: The Daily Startup

March 15, 2013, 9:47 am

Top stories in today’s VentureWire:


Merus Capital is actively raising its second fund, VentureWire has learned, and has made at least three investments out of the new fund so far. The firm is marketing its approach for Merus Capital II as iEnterprise, according to marketing documents sent by the firm to potential limited partners and viewed by VentureWire. That means it invests in startups that combine enterprise-class technology with a consumer-grade user interface and the ability to scale.

Chrysalix Energy Venture Capital has invested in mining technology startup MineSense Technologies, in a deal that represents the venture firm’s growing belief that advanced technologies for industrial processes will find a market in oil and gas, mining, chemical and power industries. Charles Haythornewaite, partner at Chrysalix, said that the multi-million dollar investment was for a minority stake in the North Vancouver, British Columbia-based company as part of its Series A round.

Also in today’s VentureWire, Mobeam’s barcode-scanning technology, which uses a light source to mimic the black and white sequencing of a barcode, will be embedded in sensors on all Samsung Galaxy S IV devices…Artist Growth has raised a total of $2 million in a combination of seed and Series A financing, VentureWire has learned. Its Web and mobile apps help musicians and their support staff manage their careers…and Several venture-backed companies are advancing glaucoma treatments that could reduce reliance on eye-drop medicines and provide an alternative to conventional surgical therapies. They include AqueSys, EyeTechCare, Glaukos, Ivantis, Ocular Therapeutix and PolyActiva.

(VentureWire is a daily newsletter with comprehensive analysis of all the investments, deals and personnel moves involving startups and their venture backers. For a two-week trial, visit our homepage, scroll to the bottom and click “try for free.”)