InCycle Cups by MicroGREEN

MicroGreen gets even greener, raising $17m in capital for earth-friendly food containers

MicroGreen Polymers, which has come up with a way to turn disposable water and soda bottles into durable and light-weight coffee cups, has raised $17 million in additional capital. The Arlington, Wash.-based company, which spun off from University of Washington after winning second-place in the University’s business plan competition in 2002, has a very “green” pitch: One that’s… Read More

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Report: Cardeas Pharma raises $5M

Cardeas Pharma, a biotechnology company led by Seattle biotech entrepreneur Bruce Montgomery, has reeled in $5 million in venture financing from Novo Ventures, Avalon Ventures, WRF Capital and others, reports Xconomy. The round is expected to close with up to $7.5 million. Montgomery is a well regarded biotech leader, having previously sold Corus Pharma to Gilead Sciences… Read More

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MicroRNA startup Groove Biopharma scores $6 million

It’s been a bit slow in Seattle venture capital circles in the past few months. But some of the region’s leading biotech investors are doing their part to pick up the pace as Groove Biopharma today is announcing $6 million in second round of financing. Backers of the company, housed at the biotech business incubator… Read More

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Ultrasound on the go? Smartphone-based imaging system released by Mobisante

Ultrasound systems can be bulky and expensive. But a Redmond company by the name of Mobisante is looking to transform the industry with a new technology that turns a smartphone into a miniature ultrasound device. Mobisante is expected to begin selling the $7,495 ultrasound attachment this month, with BusinessWeek noting that some top-end portable ultrasound… Read More