Axcient Raises $15.5M in Series C from Scale Venture Partners

FLG client Axcient, Inc., announced today that they raised a $15.5 million Series C round from Scale Venture Partners; Rory O’Driscoll will join the board of directors. Company press release. FLG partner: John Finegan.

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MediciNova, Inc. (NASDAQ:MNOV) Retains FLG Partners

Today MediciNova, Inc. (NASDAQ:MNOV), a biotechnology firm, announced that it had engaged FLG Partners as interim CFO.  Company 8-K. FLG Partner: Mike Gennaro.

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Smooth-Stone, Inc. Raises $48M in an Equity Round

Smooth-Stone, Inc. a semiconductor firm bringing ultra-low power mobile phone technology to the datacenter, announced a $48 million funding equity round from a group of investors including ARM, Advanced Technology Investment Company (ATIC), Battery Ventures, Flybridge Capital Partners, Highland Capital Partners and Texas Instruments Inc.Company press release. FLG partner: Dan Gravelle.

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M-Factor, Inc. to be Acquired by DemandTec, Inc.

March 9, 2011 – M-Factor, Inc. announced today that it has entered into a definitive agreement to be acquired by DemandTec, Inc.  Press release.  FLG partner: Dan Gravelle.

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MyShape, Inc. Names New CEO

MyShape, Inc., an innovative online retail store for women’s fashions, announced that it has named Mercedes De Luca as CEO.  Press release.  FLG partner: Cal Hoagland.

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