The Daily Startup: EverSport Scores $4.2 Million to Stream Sporting Events

dailystartup_D_20090806101628.jpgArt by Mike Lucas

EverSport Media Inc. has raised $4.2 million to bring sporting events that are rarely or never aired by television networks to fans online around the world, Lora Kolodny reports for Dow Jones VentureWire. The company allows sports fans to watch events–like European soccer matches, or surfing, skateboarding, rock climbing and college athletics–live or on-demand using their browsers and Web-connected devices. The company offers an site, apps and an embeddable player.Investors in the Series A round for EverSport include German TV station ProSieben, Emil Capital and Third Wave Capital as well as several individual angel investors

ALSO IN TODAY’S VENTUREWIRE (subscription required):

Procyrion Inc., a company looking to treat chronic heart failure with an implantable device that pumps blood, has raised a $10 million Series B round as it prepares for its first clinical trials with human patients next year. The B was provided by Fannin Partners, Scientific Health Development and undisclosed strategic and individual investors.

CytomX Therapeutics Inc. priced its initial public offering below earlier estimates and then had its stock rise only slightly during its debut on the Nasdaq . The company sold shares at $12 in its debut, bringing in at least $80 million. The biopharmaceutical company expected to price its initial batch of shares in a range of $14-$16, but instead priced 6.67 million shares lower amid turbulence in the IPO market. The company’s stock closed at $12.90 Thursday, up 7.5%.

Opsonix Inc., a company with technology to remove infectious microbes and toxins from circulating blood in a bid to treat sepsis and other infectious diseases, has formally launched with $8 million in Series A funding. The funding was led by Baxter Ventures, joined by private investor Hansjörg Wyss.

Adheron Therapeutics Inc., a biotech company focusing on the disruption of cell adhesion to treat a variety of diseases, is being acquired by publicly traded Roche Holding AG. The deal is for a cash payment of $105 million plus additional contingent payments of up to $475 million.

CardFlight Inc. has raised $4.2 million in Series A funding for its mobile point-of-sales technology. Investors in the round include Entrepreneurs Roundtable Accelerator, ff Venture Capital, Great Oaks Venture Capital, MATH Venture Partners, Plug & Play Ventures and individual investors.

(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, scroll to the bottom and click “try for free.”)


Lyft Adds Rental-Car, Fuel Perks in Driver Battle With Uber. Ride-hailing company Lyft Inc. is now renting sports-utility vehicles from Hertz Global Holdings Inc. to drivers on its service at discounted rates, The Wall Street Journal’s Douglas MacMillan reports. The rental cars program is currently available for daily, weekly and monthly rentals in Las Vegas. Lyft, which is in a competition with Uber Technologies Inc. to attract drivers, also said it is partnering with Shell to offer discounted rates on gas for drivers.

São Paulo Stops Short of Uber Ban. Brazil’s largest city stopped short of a threatened ban of ride-hailing company Uber Technologies Inc., the WSJ’s Marla Dickerson and Luciana Magalhaes reports. The city had been expected to ban drivers working for ride-hailing services, but instead said it would issue 5,000 medallions for new “black cabs” whose drivers will be limited to picking up passengers who hail them through smartphone-based applications. Drivers without the medallions caught picking up passengers would be fined 1,700 reais (about $450).

Write to Mike Billings at Follow him on Twitter at @mbillings