Lycera raises $10 million

Lycera Corp. (Ann Arbor, Mich.) raised $10 million in the first tranche of a planned $36 million series A round co-led by new investors InterWest Partners; Arch Venture Partners; and Clarus Ventures. Existing investor EDF Ventures also participated. The remainder of the financing will be paid in two tranches contingent on undisclosed milestones. ...