East
Marinus Pharmaceuticals Inc. of New Haven, Conn., has filed to raise $2 million through a private offering of convertible notes through a bridge round of financing. At the time of its SEC filing, the company had already raised $75,000 from three accredited investors. A minimum investment of $25,000 is required on the placement. The pharmaceutical company intends to use the proceeds from the offering for salaries, fees and working capital. For more information, call Vincent Pieribone, president, at 917-626-1032.
Verification Technologies Inc. of Centerbrook, Conn., has filed to raise $2.5 million through a Series A convertible preferred stock round of financing. At the time of its filing, the company had already raised $2.2 million from 92 accredited investors. A minimum investment of $2,500 is required. Spencer Trask Ventures Inc. of New York is acting as an agent on the placement for $182,000 in sales commissions and preferred stock warrants. The company, engaged in research and development of authentication solutions, plans to use the proceeds for salaries and fees, purchase, rental or leasing and installation of machinery and equipment, and working capital. For more information, call Henry McInerney, CEO, at 860-767-7711.
EasyAsk Inc. of Littleton, Mass., raised $6.1 million from 14 accredited investors through a Series D preferred stock round of financing. A minimum investment of $24,999 was required on the placement. The provider of search and information retrieval software for e-commerce Web sites intends to use the proceeds from the offering for working capital. For more information, call Robert Alperin, CEO, at 978-823-8100.
Cangen Corp. of Columbia, Md., raised $500,001 from one accredited investor through a private placement of preferred stock. A minimum investment of $20,000 was required on the placement. The biotechnology company intends to use the proceeds from the offering for debt repayment and working capital. For more information, call Robert Kalik, CEO, at 202-537-2290.
ReGen Biologics Inc. of Arnold, Md., raised $10 million from 57 accredited investors through a private placement of preferred stock. Harris Nesbitt Gerard Inc. of New York helped to place an issue for $470,648 in sales commissions. The medical device company plans to use the proceeds from the offering for salaries and fees, construction or leasing of plant buildings and facilities, and working capital. For more information, call Brion Umidi, CFO, at 410-349-2431.
Polymerix Corp. of Piscataway, N.J., has filed to raise $10.7 million through a private offering of Series Bñ1, B-2, and C preferred stock. At the time of its SEC filing, the company had already raised $8.4 million from 10 accredited investors, $1.4 million of the amount raised accounts for conversion of debt. The specialty pharmaceutical company plans to use the proceeds for working capital. For more information, call Karen Giroux, CEO, at 732-457-9300.
Collegium Pharmaceutical Inc. of Cumberland, R.I., raised $3 million from five accredited investors through a Series A convertible preferred stock round of financing. The developer of proprietary late stage pharmaceutical products intends to use the proceeds from the offering for debt repayment and working capital. For more information, call Michael Heffernan, president, at 401-762-2000.
Qwikwire.Net Inc. of Bedminster, N.J., has filed to raise $2.5 million through a private offering of common stock. At the time of its SEC filing, the company had already raised $49,000 from four non-accredited investors. The minimum investment of $20,000 required on the placement can be waived. The broadband wireless Internet service provider plans to use the proceeds from the offering for salaries and fees, purchase, rental or leasing and installation of machinery and equipment, construction or leasing of plant buildings and facilities, debt repayment and working capital. For more information, call Jeff Fleisher, president, at 732-433-0657.
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South
Wireless Valley Communications Inc. of Austin, Texas, raised $1.2 million from five accredited investors through a private placement of common stock. The developer of products for wireless system design, deployment and asset management intends to use the proceeds from the offering for working capital. For more information, contact Theodore Rappaport, CEO.
PDSHeart Inc. of West Palm Beach, Fla., raised $5.5 million from five accredited investors through a private placement of preferred stock. The provider of cardiac event monitoring services intends to use the proceeds from the offering for working capital. For more information, call Sean Heyniger, CEO, at 866-689-8996.
Eastern Medical Technologies Inc. of Lauderhill, Fla., has filed to raise $500,000 through a Series B preferred stock round of financing. At the time of its SEC filing, the company had already raised $100,000 from two accredited investors. The company, developing mammography and radiological scanning, intends to use the proceeds from the offering for acquisition of other businesses and working capital. For more information, call John Arnone, vice president, at 954-742-3500.
Carrius Technologies Inc. of Richardson, Texas, raised $4.6 million from nine accredited investors through a Series A preferred stock round of financing. The telecommunications software company intends to use the proceeds from the offering for working capital. For more information, call Allen Adams, CEO, at 214-572-7800.
Voxpath Networks Inc. of Austin, Texas, has filed to raise $6.2 million through a Series D preferred stock round of financing. At the time of its SEC filing, the company had already raised $2.3 million from 15 accredited investors. The developer of platform for delivery of voice services over existing data networks intends to use the proceeds from the offering for working capital. For more information, contact Ken Divakar, CEO.
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Midwest
Cymtec Systems Inc. of St. Louis raised $936,300 from 29 accredited investors through a private placement of Series B debentures convertible into Series B preferred stock. A minimum investment of $25,000 was required on the placement. The company, engaged in the business related to computer network security and management, intends to use the proceeds from the offering for working capital. For more information, call Andrew Rubin, president, at 314-993-8700.
FactoryWare Inc. of Evanston, Ill., raised $4 million from five accredited investors through a Series A preferred stock round of financing. The company, engaged in the business related to hardware and software productivity tools, intends to use the proceeds from the offering for working capital. For more information, call John Oskin, president, at 847-869-0784.
ProviderGateway Inc. of Beachwood, Ohio, has filed to raise $3.5 million through a private offering of 10% 5 year subordinated promissory notes together with Series A preferred stock warrants. At the time of its SEC filing, the company had already raised $1.5 million from three accredited investors. A minimum investment of $250,000 is required on the placement. The developer and provider of Internet based connectivity engines for the public sector intends to use the proceeds from the offering for working capital. For more information, call Andrew Banks, executive officer, at 216-292-2800.
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West
4charity Inc. of San Francisco raised $790,033 from seven accredited investors through a Series B preferred stock round of financing. The software applications developer intends to use the proceeds from the offering for working capital. For more information, call B. Margaret Mackenzie, CEO, at 415-503-4006.
5by5 Networks Inc. of Sunnyvale, Calif., has filed to raise $10 million through a Series C preferred stock round of financing. At the time of its SEC filing, the company had already raised $5.3 million from three accredited investors. The provider of call centers online solutions for marketing, sales and customer service plans to use the proceeds from the offering for working capital. For more information, call Paul Rudnick, executive officer, at 408-331-2450.
Adaptive Therapeutics Inc. of San Diego raised $3 million from nine accredited investors through a Series A-2 convertible preferred stock round of financing. The company, engaged in research and development of peptides and related compounds, plans to use the proceeds for working capital. For more information, call Mahmoud Ladjevardi, president, at 858-909-9050.
Authenex Inc. of Hayward, Calif., has filed to raise $15 million through a Series C preferred stock round of financing. At the time of its SEC filing, the company had already raised $10.7 million from 21 accredited investors. The developer of platform for e-security applications intends to use the proceeds from the offering for salaries and fees, purchase, rental or leasing and installation of machinery and equipment, and debt repayment. For more information, call Paul Lin, president, at 510-324-0230.
Corgentech Inc. of South San Francisco has filed to raise $10.2 million through a Series C preferred stock round of financing. At the time of its SEC filing, the company had already raised $10 million from 21 accredited investors. The developer of new class of therapeutics, which focuses on treatment of human diseases by regulating gene expression, intends to use the proceeds from the offering for working capital. For more information, call John McLaughlin, executive officer, at 650-624-9600.
Kincaid Technology Corp. of Monterey, Calif., has filed to raise $2 million through a Series A preferred stock round of financing. At the time of its SEC filing, the company had already raised $160,000 from four accredited investors. The software developer intends to use some proceeds from the offering for working capital. For more information, call Robert Graves, executive officer, at 831-372-2303.
LightSand Communications Inc. of Milpitas, Calif., raised $7.8 million from 20 accredited investors through a Series 1 preferred stock round of financing. The developer of broadband platforms and technologies intends to use the proceeds from the offering for working capital. For more information, call Philip Black, executive officer, at 408-941-2010.
Infotrieve Inc. of Los Angeles has filed to raise$20 million through a private offering of units, which consist of shares of Series B preferred stock and common stock. At the time of its SEC filing, the company had already raised $16.3 million from 13 accredited investors. Lazard FrËres & Co. LLC of New York is helping to place the issue for $1.1 million in sales commissions. The company, engaged in the business related to information retrieval systems, plans to use the proceeds for debt repayment, working capital and various cash payouts. For more information, call Wes Crews, president, at 310-234-2000.
Neuroscience Solutions Corp. of San Francisco raised $7.5 million from 13 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 Jeffrey Zimman, CEO, at 415-621-4107.
Nextance Inc. of Redwood City, Calif., raised $12.2 million from 12 accredited investors through a Series D preferred stock round of financing. The enterprise software company plans to use the proceeds for working capital. For more information, call Cynthia Padnos, executive officer, at 650-716-2400.
OS MXM Inc. of Dana Point, Calif., raised $1 million from one accredited investor through a private placement of convertible debentures. A minimum investment iof $10,000 was required on the placement. The company, which makes body implants and prostheses, plans to use the proceeds for working capital. For more information, call Jehu Hand, president, at 949-489-2400.
Salira Optical Network Systems Inc. of Santa Clara, Calif., has filed to raise $9.7 million through a Series C-1 preferred stock round of financing. At the time of its SEC filing, the company had already raised $3.7 million from 13 accredited investors. Additionally, the company placed in Series C-1 warrants, which will bring in up to $158,823 if warrants are exercised. The optical network communications company intends to use the proceeds from the offering for working capital. For more information, call Ross Lau, CEO, at 408-845-5200.
Proofpoint Inc. of Cupertino, Calif., raised $9 million from seven accredited investors through a Series B preferred stock round of financing. The developer of software, focused on prevention of spam, protection against email viruses and various messaging infrastructure related issues intends to use the proceeds from the offering for working capital. For more information, call Eric Hahn, executive officer, at 408-517-4710.
Sohoware Inc. of Santa Clara, Calif., raised $2.2 million from 17 accredited investors through a private placement of Series C units, which consist of a share of Series C preferred stock and a warrant to purchase three shares of common stock. The networking technology company intends to use the proceeds from the offering for working capital. For more information, call C.T. Wu, president, at 408-565-9888.
Verimatrix Inc. of San Diego raised $651,537 from one accredited investor through a private placement of promissory note convertible into Series A preferred stock. The company, engaged in certification of software programs, intends to use the proceeds from the offering for working capital. For more information, call R. Ross Cooper, CEO, at 858-677-7802.
Xythos Software Inc. of San Francisco raised $2.1 million from six accredited investors through a Series C convertible preferred stock round of financing. The software developer plans to use the proceeds for working capital. For more information, call Edward Miller, president, at 415-248-3800.
Tectura Corp. of Tempe, Ariz., has filed to raise $8.1 million through a Series A-1 convertible participating preferred stock round of financing. The company, engaged in computer system integration and implementation, intends to use the proceeds from the offering for working capital. For more information, call Terry Petrzelka, president, at 800-510-4290.
Memetic Systems Inc. of Seattle has filed to raise $4 million through a Series A preferred stock round of financing. At the time of its SEC filing, the company had already raised $2.6 million from four accredited investors. The Internet service provider intends to use the proceeds from the offering for working capital. For more information, call Donald Pickering, CEO, at 206-985-7171.
Esarati Electric Technologies Corp. of Bellevue, Wash., raised $612,050 from 46 accredited investors through a private placement of common stock. A minimum investment of $5,000 was required on the placement. The company, which makes electric, battery powered motor bikes and scooters, plans to use the proceeds from the offering for purchase, rental or leasing and installation of machinery and equipment, debt repayment and working capital. For more information, call Brent Nelson, president, at 425-990-5949.
DriveSafety Inc. of Orem, Utah, has filed to raise $3.5 million through a Series B preferred stock round of financing. At the time of its SEC filing, the company had already raised $2.8 million from three accredited investors. The software and hardware developer intends to use the proceeds from the offering for salaries, fees, debt repayment, working capital, research, development and validation projects for company products. For more information, call William Woahn, president, at 801-818-6409.
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