East
WashingtonLive Inc. of Washington raised $1.2 million from 29 accredited investors through a Series A and B preferred stock round of financing. The provider of Web-based information management tools and solutions intends to use the proceeds from the offering for working capital. For more information, call Peter Anthony, president, at 202-626-8530.
IE-Engine Inc. of Waltham, Mass., has filed to raise $4 million through a Series A preferred convertible stock with warrants round of financing. At the time of its SEC filing, the company had already raised $2.5 million from six accredited investors. The provider of electronic procurement and workflow solutions intends to use the proceeds from the offering for debt repayment and working capital. For more information, call Timothy Allen, CFO, at 781-697-2880.
SelecTech Inc. of Taunton, Mass., has field to raise $750,000 through a private offering of notes and warrants. At the time of its SEC filing, the company had already raised $725,000 from six accredited investors. A minimum investment of $25,000 is required on the placement. The company, which manufacturers and sells plastic products, intends to use the proceeds from the offering for debt repayment, working capital and other purposes. For more information, call Michael King, vice president, at 508-828-4200.
Therion Biologics Corp. of Cambridge, Mass., has filed to raise $39 million through a Series C-2 preferred convertible stock with warrants round of financing. At the time of its SEC filing, the company had already raised $7.3 million from four accredited investors. A minimum investment of $10,000 is required on the placement. The company, researching and developing preventive and immunotherapeutic human vaccines, intends to use the proceeds from the offering for working capital. For more information, call George Eldridge, senior vice president, at 617-876-7779.
Top Layer Networks Inc. of Westborough, Mass., has filed to raise $14.4 million through a Series H convertible preferred stock round of financing. At the time of its SEC filing, the company had already raised $10.5 million from 11 accredited investors. A minimum investment of $10,395 is required on the placement. The developer of computer network switches intends to use the proceeds from the offering for working capital. For more information, call Peter Rendall, president, at 508-870-1300.
Transurgical Inc. of Setauket, N.Y., has filed to raise $4.8 million through a Series A-2 convertible preferred stock round of financing. At the time of its SEC filing, the company had already raised $2.5 million from two accredited investors. A minimum investment of $19,100 is required on the placement. The medical device company intends to use the proceeds from the offering for working capital. For more information, call Reinhard Warnking, CEO, at 631-689-2002.
Agile Therapeutics Inc. of West Conshohocken, Pa., raised $700,000 from 12 accredited investors through a private offering of convertible bridge notes. The developer of transdermal drug delivery products intends to use the proceeds from the offering for management and consulting fees as well as other purposes. For more information, call Hal Broderson, treasurer, at 610-940-0300.
Power Medical Interventions Inc. of New Hope, Pa., has filed to raise $10 million through a Series A convertible preferred stock round of financing. At the time of its SEC filing, the company had already raised $2.6 million from three accredited investors. The medical device company intends to use the proceeds from the offering for working capital. For more information, call Michael Whitman, CEO, at 267-775-8100.
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South
Source Medical Solutions Inc. of Birmingham, Ala., raised $1.5 million from four accredited investors through a private placement of non-negotiable promissory note. The software developer intends to use the proceeds from the offering for working capital. For more information, call P. Daryl Brown, CEO, at 205-972-1222.
SkyCross Inc. of Melbourne, Fla., has filed to raise $13 million through a Series B preferred stock round of financing. At the time of its SEC filing, the company had already raised $10.5 million from 28 accredited investors. A minimum investment of $5,000 is required. The developer of advanced wireless antenna technology plans to use proceeds from the offering for salaries and fees and working capital. For more information, call Christopher Morton, CEO, at 321-308-6641.
Greenway Medical Technologies Inc. of Carrollton, Ga., has filed to raise $21 million through a private offering of common stock. At the time of its SEC filing, the company had already raised $807,415 from six accredited investors. The electronic medical record software developer plans to use proceeds from the offering for debt repayment. For more information, call William Esslinger, vice president, at 770-836-3100.
Internap Network Services Corp. of Atlanta raised $10.1 million from 15 accredited investors through a private offering of common stock. W.R. Hambrecht & Co. of San Francisco is acting as an agent for $600,000 in sales commissions. The Internet connection service provider plans to use proceeds for working capital. For more information, call Walter DeSocio, vice president, at 404-302-9700.
RTO Software Inc. of Suwanee, Ga., has filed to raise $750,000 through a Series B-1 preferred stock round of financing. At the time of its SEC filing, the company had already raised $500,000 from three accredited investors. The software developer plans to use proceeds from the offering for working capital. For more information, call Bernd Harzog, executive officer, at 678-455-5506.
GlobeRanger Corp. of Richardson, Texas, raised $5.1 million from 10 accredited investors through a Series A preferred stock round of financing. The company, engaged in the business related to wireless supply chain management, intends to use the proceeds from the offering for working capital. For more information, call Kenneth Bartley, CFO, at 972-744-9977.
Xtera Communications Inc. of Allen, Texas, has filed to raise $42.1 million through a Series A-1 preferred stock round of financing. At the time of its SEC filing, the company had already raised $13.6 million from six accredited investors. The company, engaged in fiber optics technology research and development, intends to use some proceeds from the offering for working capital. For more information, call R. Christopher Ryan, CFO, at 972-649-5000.
Zilliant Inc. of Austin, Texas, has filed to raise $12 million through a Series D preferred stock round of financing. At the time of its SEC filing, the company had already raised $11.8 million from 10 accredited investors. The software developer intends to use the proceeds from the offering for working capital. For more information, call Greg Peters, CEO, at 512-531-8500.
MIDWEST
Grand Avenue Software Inc. of Eagan, Minn., has filed to raise $450,000 through a private offering of common stock. At the time of its SEC filing, the company had already raised $150,678 from seven accredited and three non-accredited investors. A minimum investment of $10,000 is required. The software developer intends to use some proceeds from the offering for working capital. For more information, call Ronald Schmitz, CEO, at 651-687-0969.
AxioMed Spine Corp. of Beachwood, Ohio, raised $500,000 from one accredited investor through a Series A preferred stock round of financing. The company, engaged in the business related to spinal implant products, intends to use the proceeds from the offering for general corporate purposes. For more information, call Charles Birchall, president, at 216-292-9691.
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Midwest
Grand Avenue Software Inc. of Eagan, Minn., has filed to raise $450,000 through a private offering of common stock. At the time of its SEC filing, the company had already raised $150,678 from seven accredited and three non-accredited investors. A minimum investment of $10,000 is required. The software developer intends to use some proceeds from the offering for working capital. For more information, call Ronald Schmitz, CEO, at 651-687-0969.
AxioMed Spine Corp. of Beachwood, Ohio, raised $500,000 from one accredited investor through a Series A preferred stock round of financing. The company, engaged in the business related to spinal implant products, intends to use the proceeds from the offering for general corporate purposes. For more information, call Charles Birchall, president, at 216-292-9691.
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West
AusAm Biotechnologies Inc. of Santa Monica, Calif., raised $5.6 million from 122 accredited and 13 non-accredited investors through a Series B convertible preferred stock round of financing. The developer of diagnostic technologies for kidney diseases intends to use the proceeds from the offering for salaries, fees and working capital. For more information, call Sara Barrington, CFO, at 310-260-9222.
California Micro Devices Corp. of Milpitas, Calif., raised $93,500 from two accredited investors through a private placement of common stock. The semiconductor supplier intends to use the proceeds from the offering for working capital. For more information, call Robert Dickinson, executive officer, at 408-263-3214.
Citadon Inc. of San Francisco has filed to raise $13 million through a Series B redeemable preferred stock round of financing. At the time of its SEC filing, the company had already raised $4 million from four accredited investors. SoundView Technology Group of San Francisco is acting as an agent on the placement. The software developer intends to use the proceeds from the offering for working capital. For more information, call Bernard Fried, executive officer, at 415-882-1888.
Fortinet Inc. of Santa Clara, Calif., raised $25 million from 30 accredited investors through a Series D preferred stock round of financing. Additionally, the company placed in Series D warrants, which will bring in up to $5 million if warrants are exercised. The developer of anti-virus network protection systems intends to use the proceeds from the offering for working capital. For more information, call Tricia Chu, vice president of finance, at 408-235-7700.
Genelabs Technologies Inc. of Redwood City, Calif., raised $2.7 million from one accredited investor through private placement of common stock with warrants. SG Cowen Securities Corp. of New York acted as an agent on the placement for $172,166 in sales commissions. The software developer intends to use the proceeds from the offering for working capital. For more information, call Matthew Loar, CFO, at 650-369-9500.
NetDevices Inc. of Sunnyvale, Calif., raised $14.3 million from 14 accredited investors through a Series A preferred stock round of financing. The network equipment company intends to use the proceeds from the offering for working capital. For more information, call Sreenivasarao Banda, president, at 408-667-3644.
Naxcom Exchange Inc. of Los Angeles raised $2.3 million from one accredited investor through a Series B common stock. The facilitator of online exchange for trading of sport collectibles intends to use the proceeds from the offering for salaries and fees, debt repayment and working capital. For more information, call Eric Knapp, executive officer, at 310-645-4046.
Nuasis Corp. of San Jose, Calif., raised $17 million from 21 accredited investors through a Series B-1 preferred stock round of financing. The software developer and provider of telecom services intends to use the proceeds from the offering for working capital. For more information, call Edward Lauing, executive officer, at 408-350-4900.
NuGEN Technologies Inc. of San Carlos, Calif., has filed to raise $9.5 million through a Series C convertible preferred stock round of financing. At the time of its SEC filing, the company had already raised $7.5 million from 31 accredited investors. The life sciences company intends to use the proceeds from the offering for working capital. For more information, call Janelle D’Alvise, executive officer, at 650-590-3600.
Perfexa Solutions Inc. of Costa Mesa, Calif., has filed to raise $2 million through a private offering of common stock. At the time of its SEC filing, the company had already raised $70,000 from three accredited investors. A minimum investment of $10,000 is required on the placement. The provider of BPO services intends to use the proceeds from the offering for debt repayment, working capital and other purposes. For more information, call S. Paul Sandhu, CEO, at 714-668-2000.
Sabeus Photonics Inc. of Chatsworth, Calif., raised $5 million from seven accredited investors through a private placement of preferred stock. The company, engaged in the business related to fiber optic sensors, intends to use the proceeds from the offering for working capital. For more information, call Robert Faulk, CFO, at 818-407-6000.
Tasman Networks Inc. of San Jose, Calif., has filed to raise $10 million through a Series G preferred stock round of financing. At the time of its SEC filing, the company had already raised $7.1 million from nine accredited investors. The software developer intends to use the proceeds from the offering for working capital. For more information, call Nate Cammack, CFO, at 408-216-4700.
Trinity Biosystems Inc. of Palo Alto, Calif., raised $1.5 million from six accredited investors through a Series A preferred stock round of financing. The software developer intends to use the proceeds from the offering for working capital. For more information, call Peter McWilliams, president, at 650-855-9622.
Attachstor Inc. of Phoenix raised $7.5 million from 31 accredited investors through a Series B convertible preferred stock round of financing. A minimum investment of $25,000 was required on the placement. The software developer intends to use the proceeds from the offering for debt repayment and working capital. For more information, call Eric Toler, vice president, at 602-277-6600.
Finali Corp. of Westminster, Colo., raised $1.1 million from one accredited investor through a private placement of senior subordinated revolving note and warrant. The outsource provider of live online customer care and state-of-the art eCRM technology intends to use the proceeds from the offering for working capital. For more information, call Robert Gentry, vice president, at 720-887-7800.
Stunning Innovations Inc. of Las Vegas has filed to raise $225,000 through a private offering of common stock. The developer of self-defense products intends to use the proceeds from the offering for working capital. For more information, call Joseph Hippensteel, president, at 702-869-9700.
Qmedtrix Systems Inc. of Portland, Ore., has field to raise $833,000 through a private offering of common stock. At the time of its SEC filing, the company had already raised $589,050 from eight accredited and three non-accredited investors. The software developer intends to use the proceeds from the offering for working capital. For more information, call Erich Mueller, CFO, at 503-963-3300.
Advanced Academics Inc. of Oklahoma City raised $1.5 million from nine accredited investors through a private offering of notes convertible into Series B-2003 preferred stock. The company, which provides secondary education online courses, intends to use the proceeds from the offering for working capital. For more information, call Baxter Brings, CEO, at 405-239-1900.
EzRez Software Inc. of Honolulu has field to raise $1.1 million through a Series A preferred stock round of financing. At the time of its SEC filing, the company had already raised $900,417 from 14 accredited investors. The software developer intends to use some proceeds from the offering for working capital. For more information, call Christine Fitch, CEO, at 808-735-7777.
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