Recent News

$12 Million in New Funding closed by MedVentive, a Long River Ventures portfolio company
Long River Ventures announced today that its portfolio company MedVentive completed a $12 million Series D investment, led by the investment arms of two of the country's largest healthcare provider networks, National Healthcare Services (NHS) and CHV II, LP. Both new investors are focused on transformative technology for the healthcare market. They were joined by MedVentive's existing investors: Long River Ventures, Clarian Health Ventures, Core Capital Partners, Excel Venture Management, and HLM Venture Partners. Including Clarian Health Ventures, MedVentive now has the backing of three of the nation's most prestigious hospital investors.

Qteros Secures $22M in Series C Financing and Closes Strategic Partnership with Praj Industries
Qteros, Inc., developer of a unique and highly efficient Consolidated Bioprocessing (CBP) platform for the lowest-cost production of cellulosic ethanol, has closed an initial $22 million tranche in its Series C financing. The completion of this $22M financing is expected to provide sufficient funding to accelerate the Company's development and commercialization plans. In addition to Long River Ventures, investors in the round included Venrock, Battery, BP, Camros, and Valero.

Long River Ventures sponsoring MassChallenge
March 28th at 6:30pm MassChallenge will be holding an "UnPanel" at the Isenberg School of Management at the University of Massachusetts Amherst. Instead of sitting and listening to panelist after panelist, the MassChallenge UnPanel format provides an innovative way to hear from a number of seasoned entrepreneurs and investors in small intimate groups.

Phreesia to Accelerate Growth with $16 Million Investment
Long River Ventures announced today that portfolio company Phreesia, the leading patient check-in company, recently closed on a $16 million Series D investment. Ascension Health Ventures (AHV) led the round, joining existing investors BlueCross BlueShield Venture Partners, L.P., Sandbox Industries, Polaris Venture Partners, HLM Venture Partners, and Long River Ventures.

lifeIMAGE Signs 15 Major Hospitals
Long River Ventures announced today that portfolio company lifeIMAGE has signed its 15th major hospital account, quickly vaulting to the front of the medical image sharing marketplace.

Extreme Reach Closes $9 Million Series B Financing
Long River Ventures announced today that portfolio company Extreme Reach, Inc., a leading provider of digital video advertising distribution solutions, has secured $9 million in Series B financing comprised of $7 million in equity and $2 million in term debt. Investors in the round included the Series A co-leads, Long River Ventures and Village Ventures, along with existing investor Greycroft Partners.

Long River Tops Off $4 Million Round of Financing in Eggrock, Inc.
Eggrock, the leading manufacturer of pre-built bathrooms in the United States, recently announced that it has closed a $4 million round of funding with the addition of Long River Ventures as an investor. Long River joins Harbor Light Capital Partners, Boynton Angels, and individual investors in completing this round. Eggrock plans to use the new funding to help fuel its next phase of growth and support its entry into several new markets such as student housing and military facilities.

GetWellNetwork Closes $10 Million Financing, Eight Hospitals Choose PatientLife System® for Unparalleled Patient Care
GetWellNetwork, Inc., the leading provider of Interactive Patient Care (IPC) solutions, today announced that it received $10 million in a Series C financing round. This financing included participation from Johnson & Johnson Development Corporation (JJDC), as well as existing investors including Valhalla Partners, Grosvenor Funds, Long River Ventures, Point Judith Capital, and Village Ventures & Affiliates.

Greycroft Partners joins Long River Ventures and Village Ventures in backing Extreme Reach, Inc.
Long River Ventures announced today that its portfolio company, Extreme Reach, has secured additional investment from a leading digital media venture capital firm, Greycroft Partners LLC. Long River Ventures and Village Ventures, which co-led a Series A round at the end of 2008 but left the round open for 90 days, also participated in the additional funding.

Phreesia secures $11.6 M Series C Funding led by BlueCross BlueShield Venture Partners and Sandbox Industries
Phreesia, the Patient Check-In Company™, the leader in patient-intake, announced today the close of an $11.6 million investment, bringing total investment to date to $25 million. BlueCross BlueShield Venture Partners, L.P., a corporate venture fund of the BlueCross BlueShield Association, and Sandbox Industries led the round, joining existing investors Polaris Venture Partners, HLM Venture Partners, and Long River Ventures.

Long River Ventures Participates in $3M Round into Gate Rocket, Inc.
Long River Ventures announced that it has participated in a $3 million Series A financing in GateRocket Inc. of Bedford, Massachusetts. The financing round also included New Atlantic Ventures and Massachusetts Technology Development Corporation (MTDC).

SBA Communications Corporation Announces Closing of Optasite Holding Company Inc. Acquisition.
SBA Communications Corporation (Nasdaq:SBAC) ("SBA") announced that it has completed the acquisition of Optasite Holding Company Inc.

SBA Communications Corporation Agrees to Aquire Optisite Holding Company, Inc.
Long River Ventures, L.P. ("LRV") announced today that SBA Communications Corporation (Nasdaq:SBAC) ("SBA") and Optasite Holding Company Inc. ("Optasite") have entered into a definitive merger agreement under which a newly formed SBA subsidiary will merge with Optasite, which will then become a subsidiary of SBA.

GetWellNetworks launches GetConnected 2008
GetWellNetwork, Inc., a leading provider of Interactive Patient Care (IPC) solutions, today announced the kick-off of GetConnected2008. Designed exclusively for the GetWellNetwork community, GetConnected2008 is the industry's first annual conference focused on IPC technology and improving the patient experience.