Xconomy: Signature Genomic Gets Sold for $90M, DreamBox Bought by Netflix CEO, The $7M Madrona Man, & More Seattle-Area Deals News
Summary
—Bellevue, WA-based DreamBox Learning, an online math education startup, has been acquired by Netflix CEO Reed Hastings and the Charter Fund, a nonprofit VC firm.The deal is part of a broader effort to establish a global infrastructure for wirelessly connected vehicles and intelligent transportation services.—I took a deeper dive into Seattle-based Madrona Venture Group’s recent investment in Searchandise Commerce, an e-commerce and paid search company based in the Boston area.Seattle Genetics (NASDAQ: SGEN) will receive $9.5 million upfront, plus milestone payments and royalties on sales of any FDA-approved products, while Genentech will pay for developing and marketing the drugs, which are designed to be more potent cancer-cell killers.—Spokane, WA-based Signature Genomic Laboratories is being acquired by PerkinElmer (NYSE: PKI), the Waltham, MA-based scientific instrument maker.