Starwood Property Trust debuts

Shares of Starwood Property Trust Inc. were down slightly after their first week of trading on the Nasdaq National Market, after the Greenwich-based company raised more than $800 million in an initial public offering of stock priced at $20 a share.

Starwood Property will be managed by an affiliate of Greenwich-based Starwood Capital Group, which is run by Barry Sternlicht who also founded White Plains, N.Y.-based Starwood Hotels & Resorts Worldwide Inc.

Starwood Property Trust raised 60 percent more than it originally targeted, with the company planning to use the cash to invest in commercial and residential real estate debt.

Last month, Starwood Capital completed its acquisition of Golden Tulip Hospitality, one of the world”™s largest hotel chains.

Akademos Inc. raised $2.5 million in venture capital from Kohlberg Ventures, as the Norwalk-based startup develops an online exchange for textbooks and other class materials.

 

The company added to its board Scott Eagle, chief marketing officer of eHarmony.

Akademos founder Brian Jacobs previously was a professor at Cornell University in Ithaca, N.Y.

New Canaan-based RFE Investment Partners has invested $13 million in iMedX Inc., a Shelton company whose software is used to transcribe medical records.

 

Part of the funding helped iMedX complete the acquisition of Orlando, Fla.-based Medware, likewise a medical transcription company.

Rye, N.Y.-based Curemark L.L.C. received $6.5 million in Series A funding, as it develops drugs to treat autism and other disorders. In March, the company received clearance from the Food and Drug Administration to proceed with Phase III trials for its CM-AT drug candidate.