Regional Roundup West

Gluon Networks Inc. of Petaluma, Calif., is raising $14 million through a private placement of convertible securities including preferred stock. There is a minimum investment of $5,000 required on the placement. At the time of its SEC filing, the company had already raised just over $12 million from two accredited investors. The telecommunications equipment manufacturer intends to use the proceeds from the offering for working capital.

Biogentec Inc. of Costa Mesa, Calif., is raising just over $10 million through a private placement of common stock and Series A preferred stock. A minimum investment of $108,000 is required. Canon Securities LLC of Irvine is acting as the agent on the placement for sales commissions of $900,000. At the time of its SEC filing, the company had already raised just over $1.41 million from ten accredited investors. The biotech product developer intends to use the proceeds from the offering for R&D, working capital, sales and marketing, repayment of indebtedness, acquisition of other businesses, construction or leasing of plant buildings and facilities, and the purchase, rental or leasing and installation of machinery and equipment.

Loancity.com of San Jose, Calif., is raising just over $10.25 million through a Series D preferred stock financing. A minimum investment of $10,000 is required on the placement. At the time of its SEC filing, the company had already raised approximately $3.16 million from one accredited investor. The residential mortgage broker intends to use the proceeds from the offering for working capital.

Anark Corp. of Boulder, Colo., is raising approximately $8.05 million through a private placement of convertible securities, including B-1 preferred stock. At the time of its SEC filing, the company had already raised $500,000 from two accredited investors. The software developer intends to use the proceeds from the offering for working capital.

Enalasys Inc. of Calexico, Calif., is raising $5 million through a private placement of convertible securities. A minimum investment of $20,000 is required. At the time of its SEC filing, the company had already raised $1.12 million from three accredited investors. The developer and manufacturer of products that diagnose and monitor the ongoing energy efficiencies of air conditioning and heat pumps, intends to use the proceeds from the offering for working capital, construction or leasing of plant buildings and facilities, research and development and sales and marketing.

Blade Internet Ventures Inc. of Las Vegas is raising $2.25 million through a private placement of common stock. At the time of its SEC filing, the company had already raised $896,925 from 27 accredited investors. The company, which is in the electronic commerce business, intends to use the proceeds from the offering for working capital, Web site development, advertising, and the acquisition of capital assets.

Collier HyTech of Reno, Nev., is raising $2 million through equity financing. There is a minimum investment of $12,500 required on the placement. At the time of its SEC filing, the company had already raised approximately $1.3 million from 21 accredited investors. The researcher, developer, and marketer of engines intends to use proceeds from the offering for the purchase, rental or leasing and installation of machinery and equipment, research and development, marketing expenses, and the repayment of indebtedness.

Bioreason Inc. of Santa Fe is raising approximately $1.5 million through a private placement of Series D preferred stock. At the time of its SEC filing, the company had already raised approximately $1.42 million from 10 accredited investors. The developer of proprietary data mining tools and applications for chemical and biological information intends to use the proceeds from the offering for working capital.

Alphalab Ventures of Corona Del Mar, Calif., is raising $1 million. A minimum investment of $10,000 was required on the placement. At the time of its SEC filing, the company had already raised $21,000 from four accredited investors. The issuer formed to purchase a minority interest in Venturelab Partners LLC intends to use the proceeds from the offering to purchase units of other businesses.

Alternative Link Inc. of Las Cruces, N.M., is raising $1 million through an issuance and sale of common stock. A minimum investment was not required on the placement. The developer of codes and electronic systems for alternative medicine and nursing intends to use proceeds from the offering for working capital and expansion of marketing.

Capital Growth Planning Inc. of El Cajon, Calif., is raising $1 million through a private placement preferred stock. A minimum investment of $10,000 is required on the placement. The fully diversified investment and financial services company intends to use proceeds from the offering for working capital and repayment of indebtedness.

Provato Inc. of Oakland, Calif., raised just over $15 million from 21 accredited investors through a private placement of Series C convertible preferred stock and convertible securities including warrants. Peacock, Hislop, Staley & Given Inc. of Phoenix acted as the agent on the placement for sales commissions of $1.05 million. The company intends to use the proceeds from the offering toward the purchase, rental or leasing and installation of machinery and equipment, construction or leasing of plant buildings and working capital.

Door to Door Storage Inc. of Kent, Wash., raised approximately $1.64 million from 30 accredited investors through a Class B convertible preferred stock financing. A minimum investment was not required on the placement. The mobile storage company intends to use the proceeds for working capital.