In the News

The Midwest Produces Fewer But Mightier Startup Exits

Crunchbase - May 21, 2018

Access to talented folks and smart capital certainly makes the process of starting up a company easier, and it may increase the likelihood that a startup will survive long enough to raise some money and build a sustainable business. But does location have any bearing on the other end of the startup lifecycle, when founder and investor equity is looking for an exit by way of an initial public offering (IPO) or acquisition?

 

Crunchbase analyzes startup exit performance by region, and the Midwest comes out on top in terms of multiples on invested capital (MOICs) over time.

 

Check out the full article here.

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Camras Vision Announces Completion of $5.7M Financing for Novel Glaucoma Device for Treatment of Refractory Glaucoma

Research Triangle Park, NC - April 9, 2018

Camras Vision has closed on $5.7M in equity funding in its Series A round led by VCapital, InFocus Capital Partners and Triangle Venture Alliance. The funding round also includes returning Series Seed investors Triangle Angel Partners, IMAF Coastal Plain, and Pilot Mountain Ventures as well as additional new angel investors. These funds will be used to support four clinical trials globally, including a pilot study in the United States, to study the efficacy of the Camras device for the treatment of refractory glaucoma.

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VCapital Founder, Len Batterson and CEO of Ocient, Chris Gladwin to Speak at Rotary Club Luncheon

Chicago - October 10, 2017

Len Batterson, a veteran venture capitalist and entrepreneur, and Chris
Gladwin, founder of Cleversafe (sold to INM for $1.4B) and current CEO of Ocient will speak about venture capitalism and entrepreneurship at the world’s first service club, Rotary One.

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Zach Investment Awareness interview with Ryan Kole, VP Investments at VCapital.

Zacks Investment Awareness - September 26, 2017

Ryan Kole discusses VCapital’s latest opportunities and investment strategy for emerging med tech and bio tech with Terry on ZIA TV.

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Intensity Therapeutics Issued New Patents for Technology Platform

Westport, CT - June 15, 2017

Intensity Therapeutics, Inc., a privately held clinical-stage, biotechnology company developing proprietary cancer immunotherapy products, today announced that the United States Patent and Trademark Office (PTO) issued the Company patent 9,636,406. In addition, the Company noted that the Australian PTO intends to grant Intensity patent 2013318338.

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Intensity Therapeutics, Inc. Successfully Administers INT230-6 to First Patient in a Phase 1/2 Trial

Westport, CT - May 30, 2017

Intensity Therapeutics, Inc., a privately held biotechnology company developing proprietary cancer immunotherapy products, today announced that the first patient successfully received treatment with the Company’s lead product, INT230-6, as part of a Phase 1/2 international clinical study. Initiation of the study followed acceptance of an investigational new drug (IND) submission by the US Food and Drug Administration’s Division of Oncology Products 1 (DOP1) and receipt from Health Canada of a No Objection Letter following submission of a clinical trial application (CTA). The clinical trial, IT-01 (NCT#03058289), entitled A Phase 1/2 Safety Study of Intratumorally Administered INT230-6 in Adult Subjects with Advanced Refractory Cancers, aims to enroll approximately 60 patients with several different types of advanced solid tumors.

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Intensity Therapeutics Raises $10 Million with Help of BVC and VCapital

Westport, CT - June 28, 2016

Intensity Therapeutics, Inc. raises $10 million in its Series A round to fund Phase I/II human clinical trials for its novel cancer treatment; adds two board members.

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Intensity Therapeutics Issued First US Patent for Immune-based Cancer Therapeutic Agents

Westport, CT - June 2, 2016

Intensity Therapeutics, Inc., a privately held biotechnology company developing proprietary cancer immunotherapy products, today announced that the United States Patent and Trademark Office issued the Company US Patent 9,351,997, which protects Intensity’s lead product INT230-6.

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Intensity Therapeutics Reports that INT230-6’s Anti-cancer Mechanism is a Combination of Cell Death with Immune System Activation

Westport, CT - Business Wire - April 19, 2016

Chief Medical Officer Dr. Ian B Walters presents the mechanism of action of Intensity Therapeutics products and other data in a poster session at the American Academy of Cancer Research (AACR) meeting today, showing that INT230-6 induces significant cancer cell death in the tumor microenvironment. Thereafter, eradication of the tumor by INT230-6 requires T lymphocytes and leads to a potent and durable systemic anti-cancer T-cell-dependent immunity against the tumor.

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Gladwin's $1.3 billion Cleversafe win could change the face of Chicago

By John Pletz, Crain's Chicago Business, April 9, 2016

Cleversafe raised $100 million, mostly from Chicago investors, including those participating in Batterson Venture Capital’s Series A investment. Chris Gladwin estimates the sale of Cleversafe created about 80 millionaires.

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Intensity Therapeutics Selected to Present at BioCentury Future Leaders Conference

News Release, March 8, 2016

Intensity Therapeutics has been selected to present at the 23rd annual Future Leaders in the Biotech Industry conference hosted by BioCentury. CEO Lewis Bender will present an update on the Company and the development status of INT230-6, an immune cell-activating, anti-cancer drug candidate.

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Intensity Therapeutics Reports Anti-Cancer Immunological Effect Generated by INT230-6

News Release, March 3, 2016

Pre-clinical research from Intensity and its collaborators at the National Cancer Institute
(NCI) were selected for oral presentation at two important upcoming congresses.

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IBM Completes Acquisition of Cleversafe

News Release, Nov. 6, 2015

IBM completes the acquisition of Cleversafe. Batterson Venture Capital was an early stage (Series A) investor in the company.

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Intensity Therapeutics Forms Scientific Advisory Board Comprised of World-Leading Oncologists and Scientists

News Release, Oct. 22, 2015

Douglas Hanahan, Riccardo Lencioni and Mario Sznol join Intensity Therapeutics’ newly formed Scientific Advisory Board (SAB). These world-renowned scientists and physicians will provide research and development guidance on Intensity’s proprietary products and technology. The SAB members span a broad range of expertise relevant to Intensity’s approach including: immuno-oncology, clinical trial design, interventional oncology, tumor imaging, tumor microenvironment, cell regulation and cancer vaccination.

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IBM Plans to Acquire Cleversafe

News Release Issued by IBM, Oct 5, 2015

IBM has entered into a definitive agreement to acquire Cleversafe, Inc. Batterson Venture Capital was an early stage (Series A) investor in the company.

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Cleversafe's John Morris named CEO of the Year

by John Peltz, Crain's Chicago Business, 18 Sept 2015

At the Illinois Technology Association’s CityLights Awards honoring 8 Chicago companies, technologists and entrepreneurs, CEO of the year was awarded to John A. Morris of Cleversafe. ITA is a trade association for growth-stage tech firms.

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Can Venture Capital Cure Cancer?

by John Pletz, Crain's Chicago Business, 21 July 2015

VCapital is raising money online to help Intensity Therapeutics, Inc advance its cancer-reversing technology to human trials.

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Cleversafe's Jason Resch

by Steve Hendershot, Crain's Chicago Business, 14 July 2015

Meet Cleversafe’s Jason Resch, the kind of man you build a company around, in this brief profile leading up to Crain’s full reveal of Chicago’s TECH 50.

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Cleversafe Joins the iRODS Consortium

iRODS Consortium, 12 May 2015

Cleversafe, the market share leader in web-scale data storage, will become the ninth member of the iRODS Consortium, a membership-based foundation organized to sustain the integrated Rule-Oriented Data System (iRODS) as free open source data management software.

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Illinois venture deals hit $1 billion last year: PwC

by John Pletz, Crain's Chicago Business, 19 March 2015

By now, it’s no secret that Chicago and Illinois companies had a very good year in 2014 when it comes to venture funding.
More data continue to trickle in, this time from PricewaterhouseCoopers and the National Venture Capital Association.

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Ericsson and Cleversafe Sign Global Partnership Agreement to Bring Next Generation Secure Cloud Storage Solution to Telecom Operators

Cleversafe, Wednesday, 04 March 2015

Cleversafe Inc., the web-scale storage market share leader, today announced its new partnership with Ericsson as the data storage platform provider

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Intensity Therapeutics, Inc. to Present at the Biotech Showcase Conference in San Francisco

Intensity Therapeutics, Inc (pdf), 3 March 2015

Intensity Therapeutics, Inc. (private), developing novel cancer immunotherapy products, announced that President and CEO Lewis H. Bender will present at the 7th Annual Biotech Showcase & Investor Conference

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Cleversafe Named a Leader in IDC MarketScape for Object-Based Storage

Cleversafe, Wednesday, 05 January 2015

Cleversafe Inc., the industry-leading object-based storage provider, was named a Leader in the IDC MarketScape: Worldwide Object-Based Storage 2014 Vendor Assessment

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