East
Vigilante.com Inc. of Melville, New York, is raising just over $10 million through a private placement of Series F preferred stock. There is no minimum investment required on the placement. At the time of its SEC filing, the company had already raised $3.54 million from three accredited investors. The developer of Internet security systems intends to use the proceeds from the offering for working capital.
Kitchen Etc. Inc. of New York is raising $8 million through a private placement of Series F preferred stock. There is no minimum investment required. At the time of its SEC filing, the company had already raised $5.08 million from 17 accredited investors. The seller of retail goods intends to use the proceeds from the offering for working capital.
iRobot Corp. of Somerville, Mass., is raising $7 million through a private placement of Series D preferred stock. There is no minimum investment required on the placement. At the time of its SEC filing, the company had already raised just over $6.44 million from five accredited investors. The researcher, developer, producer and seller of robots intends to use the proceeds from the offering for working capital.
Active Health Management Inc. of New York is raising $5 million through a private placement of Series E-1 preferred stock. There is a minimum investment of $5,000 required. The healthcare information technology and services company, which offers b-to-b solutions to health-care providers and suppliers, intends to use the proceeds from the offering for working capital.
SafeScience Inc. of Boston is raising $5 million through a private placement of convertible securities. There is a minimum investment of $50,000 required on the placement. The Shermano Group of San Francisco is acting as the agent on the placement for a sales commission of $42,000. At the time of its SEC filing, the company had already raised just over $600,000 from three accredited investors. The company, which develops carbohydrate-based agricultural and human therapeutic products, intends to use the proceeds from the offering for working capital, salaries and fees.
Diogenes Inc. of Iselin, N.J., raised just about $11 million from 14 accredited investors through an issuance and sale of preferred stock including common stock warrants. There was a minimum investment of $25,000 required on the placement. The manufacturer of computer software intends to use the proceeds from the offering for working capital and the repayment of indebtedness.
Aryya Communications Inc. of Gaithersburg, Md., raised approximately $8.53 million from seven accredited investors through a private placement of Series A convertible preferred stock. There was a minimum investment of $5,000 required on the placement. The developer of wireless communications technology intends to use the proceeds from the offering for working capital and other corporate expenses.
Allegheny Child Care Academy Inc. of Pittsburgh raised $7.77 million from seven accredited investors through a private placement of preferred stock. There was no minimum investment required on the placement. The childcare provider intends to use a majority of the proceeds from the offering for working capital.
Voyant Corp. of New York raised just about $2.97 million from accredited investors through a private placement. There was a minimum investment of $100,000 required on the placement. The provider of eyewear and eyewear accessories intends to use the proceeds from the offering for working capital.
Entigen Corp. of Chestnut Hill, Mass., raised $2 million from seven accredited investors through a private placement of convertible securities, including warrants. A minimum investment was not required on the placement. The biotechnology firm intends to use the proceeds from the offering for working capital.
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South
Internet Access Technologies Inc. of Houston is raising $12 million through an issuance of Series B convertible preferred stock. There is a minimum investment of $1,000 required on the placement. At the time of its SEC filing, the company had already raised just over $2.51 million from 13 accredited investors. The Internet portal service for innovative desktop software technology intends to use the proceeds from the offering for working capital.
Sicel Technologies Inc. of Morrisville, N.C., is raising just over $6.75 million through a private placement of Series C convertible preferred stock. A minimum investment of $20,000 is required on the placement. At the time of its SEC filing, the company had already raised just about $325,000 from four accredited investors. The designer, developer, manufacturer and marketer of medical devices intends to use the proceeds from the offering for working capital.
3Tex Inc. of Cary, N.C., is raising $3 million through equity financing. There is no minimum investment required on the placement. At the time of its SEC filing, the company had already raised just about $250,000 from one accredited investor. The materials company intends to use the proceeds from the offering for working capital.
Merscorp Inc. of Vienna, Va., is raising $2 million through a private placement of common stock. A minimum investment of $10,900 is required on the placement. At the time of its SEC filing, the company had already raised $907,294 from 11 accredited investors. The national mortgage rights registry company intends to use the proceeds from the offering for working capital.
Intervolve Inc. of Raleigh, N.C., is raising $1.5 million through a private placement of Series B convertible preferred stock. A minimum investment is not required. At the time of its SEC filing, the company had already raised just about $406,310 from seven accredited investors. The data management and storage software development company intends to use the proceeds from the offering for working capital.
Teleion Wireless Inc. of Chattanooga, Tenn., raised $5.4 million from 26 accredited investors through a private placement of Series A preferred stock. A minimum investment of $5,000 was required on the placement. The research and development company engaged in wireless communications technology intends to use the proceeds from the offering for working capital.
Stewart Information Services Corp. of Houston raised $2.275 million from one accredited investor through a private placement of common stock. The title insurance company intends to use the proceeds from the offering for the acquisition of the capital stock of another company.
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Midwest
NCB Holdings Inc. of Chicago is raising $10.05 million through a private placement of non-managing membership interests. There is a minimum investment of $15,000 required on the placement. At the time of its SEC filing, the company had already raised just about $30,000 from one accredited investor. The bank holding company intends to use the proceeds from the offering for working capital.
New Monics of Lisle, Ill., is raising $3 million through a private placement of Series D-1 convertible preferred stock including warrants. A minimum investment is not required on the placement. At the time of its SEC filing, the company had already raised just about $1.63 million from five accredited investors. The software development company intends to use the proceeds from the offering for working capital.
LevTech Inc. of Lexington, Ky., is raising $1 million through a private placement of Series D-1 convertible preferred stock including warrants. A minimum investment of $5,000 is required on the placement. Robert M. Hereford of Keswick, Va., is acting as the agent on the placement for a sales commission of $50,000. At the time of its SEC filing, the company had already raised just about $625,000 from 22 accredited investors. The company, which is engaged in the commercialization of a proprietary technology that allows for the mixing of fluids or solutions using superconductivity levitation in hermetically sealed vessels, intends to use the proceeds from the offering for working capital.
Delivery Station Inc. of Crystal Lake, Ill., is raising $1 million through a private placement of convertible securities, including warrants. There is no minimum investment required on the placement. At the time of its SEC filing, the company had already raised just about $50,000 from one accredited investor. The developer and operator of an automated materials transfer intends to use the proceeds from the offering for working capital.
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West
eIncubator Ventures of Phoenix is raising $15 million through a private placement. There is no minimum investment required on the placement. At the time of its SEC filing, the company had already raised $11 million from one accredited investor. The developer of early-stage technology companies intends to use the proceeds from the offering for working capital.
Genoptix Inc. of San Diego is raising just about $15 million through a private placement of preferred stock. A minimum investment is not required on the placement. At the time of its SEC filing, the company had already raised just over $10.77 million from seven accredited investors. The company intends to use the proceeds from the offering for working capital.
All Optical Networks Inc. of San Diego is raising $10 million through a private placement of Series A preferred stock. A minimum investment of $100,000 is required on the placement. ForeFront Capital Management LLC of Chicago is acting as the agent on the placement for an undisclosed sales commission. At the time of its SEC filing, the company had already raised just over $4.5 million from six accredited investors. The holographic and photonic product designer intends to use the proceeds from the offering for working capital, salaries and fees, and the purchase, rental or leasing and installation of machinery and equipment.
Source Inc. of Newhall, Calif., is raising just about $10 million through a private placement of common stock with warrants. There is no minimum investment required on the placement. At the time of its SEC filing, the company had already raised just over $38,000 from two accredited investors. The point of sale and Internet information gathering and tracking company intends to use the proceeds from the offering for working capital.
Drkoop.com Inc. of Santa Monica, Calif., is raising just about $6 million through a private placement of Series E 8% convertible preferred stock. A minimum investment of $50,000 is required. Commonwealth Associates LP of New York is acting as the agent on the placement for sales commissions and other related fees of $600,000. At the time of its SEC filing, the company had already raised $5.2 million from 27 accredited investors. The provider of an Internet-based health and wellness network that provides comprehensive information and guidance to consumers worldwide intends to use the proceeds from the offering for working capital, the acquisition of other businesses and the launch of nutritional supplements in association with Gemini Pharmaceuticals.
Siftology Inc. of Palo Alto, Calif., is raising approximately $1.5 million through a private placement of common stock. There is a minimum investment of $50,000 required on the placement. At the time of its SEC filing, the company had already raised just over $700,000 from six accredited investors. The software development company intends to use the proceeds from the offering for working capital.
Amerigroup Inc. of Mesa, Ariz., is raising $1.05 million through a private placement of common stock. There is a minimum investment of $15,000 required on the placement. At the time of its SEC filing, the company had already raised just over $700,000 from six accredited investors. The facilitator of local and national businesses’ employee benefits plans intends to use proceeds from the offering for salaries and fees, the purchase, rental or leasing and installation of machinery and equipment, working capital, reserves, and construction or leasing of plant buildings and facilities.
Vitex Systems Inc. of San Jose, Calif., raised just about $15 million from one accredited investor through a private placement of Series A convertible preferred stock. A minimum investment was not required on the placement. The provider of encapsulation systems for display makers intends to use the proceeds from the offering for working capital and general corporate purposes.
Aradigm Corp. of Hayward, Calif., raised just about $14.56 million from seven accredited investors through a private placement of common stock and warrants to purchase common stock. A minimum investment of $35,000 was required. SG Cowen of New York acted as the agent on the placement for an agent’s fee of $896,529. The developer of pulmonary drug delivery systems intends to use the proceeds from the offering for working capital.
Geotrust Inc. of Portland, Ore., raised just about $11 million from six accredited investors through a private placement of Series C convertible preferred stock. A minimum investment was required on the placement. The developer, marketer and seller of software tools and programs designed to help ensure secure online transactions, intends to use proceeds from the offering for working capital, the acquisition of other businesses and the repayment of indebtedness.
Airbiquity Inc. of Bainbridge Island, Wash., raised $9.97 million from 24 accredited investors through a private placement of Series A preferred stock. A minimum investment was not required on the placement. The developer of software-based technologies for wireless communications devices intends to use proceeds from the offering for working capital and the repayment of indebtedness.
FlexICs Inc. of Milpitas, Calif., raised just over $8.1 million from one accredited investor through a grant of options to purchase common stock. A minimum investment was not required on the placement. The manufacturer of semiconductor-on-plastic components intends to use proceeds from the offering for working capital.
Crosslayer Networks Inc. of Freemont, Calif., raised just over $6 million from nine accredited investors through Series A preferred stock and common stock issuable upon conversion. A minimum investment was not required on the placement. The developer of communication network products and components intends to use the proceeds from the offering for working capital.
Favrille Inc. of San Diego raised approximately $6 million from 25 accredited investors through the private placement of Series A-1 preferred stock and convertible securities. A minimum investment was not required on the placement. The developer of customized therapies for cancer and other autoimmune diseases intends to use the proceeds for working capital.
Peregrine Systems Inc. of San Diego raised just about $5 million from 18 accredited investors through an issuance of common stock. There was no minimum investment required on the placement. The developer, marketer and supporter of computer software products intends to use the proceeds from the offering toward the acquisition of other businesses, namely eRevenue Inc.
MyPrime Inc. of San Francisco raised just over $2.94 million from 13 accredited investors through a private placement of Series C preferred stock and common stock issuable upon conversion. A minimum investment was not required on the placement. The Internet informational resource company intends to use proceeds from the offering for working capital.
Zambeel Inc. of Freemont, Calif., is raising just over $1.08 million from two accredited investors through an issuance of warrants to purchase Series A and Series B convertible preferred stock. There was a minimum investment of $73,000 required on the placement. The software development company intends to use the proceeds from the offering primarily for working capital.
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