Scoreboard 04/11/05

Recently Announced Venture Capital Deals

&nbsp Issuer Round Close Round # Amount (M) Lead Investors
SkinMedica Inc. Carlsbad, Calif. Develops drugs focused on dermatological conditions. The company has raised more than $95M in total funding since its 1999 inception, including a split-tranched $56M Series D round in 2004. www.skinmedica.com Biotech E $15M EuclidSR Partners (led), Apax Partners, Domain Associates, HealthCare Ventures, Montreux Equity Partners, Perseus-Soros BioPharmaceutical Fund, Split Rock Partners.
Ventaira Pharmaceuticals Columbus, Ohio Develops drugs focused on inhalation. The company, formerly called BattellePharma, raised $22M in early 2003 at a PMV of about $42M. www.ventaira.com Biotech B $14M TL Ventures (led), Battelle Ventures, Safeguard Scientific, PA Early Stage Partners, Fletcher Spaght Ventures, Reservoir Venture Partners, James Richardson & Sons Ltd.
Akustica Inc. Pittsburgh Develops acoustic system-on-chip products. The company has raised about $28M since its 2001 inception. www.akustica.com Chips C $15M Rangos Investments, Mobius Venture Capital.
eASIC Corp. San Jose, Calif. Provides configurable logic and ASIC products. The company previoulsy raised $5M in May 2004 from Kleiner Perkins. The company was founded in 1999 by Zvi Or-Bach, the founder of Chip Express. www.easic.com Chips B $7.5M Kleiner Perkins Caufield & Byers, individual investor Vinod Khosl (a Kleiner Perkinspartner).
Avinti Inc. Orem, Utah Provides email security services. www.avinti.com Email B $7.2M Sequel Venture Partners (led), Staley Capital, vSpring Capital, Wilson Sonsini Investments.
Blue Security Inc. Menlo Park, Calif. Develops anti-spam and anti-spyware software. www.bluesecurity.com Email A $3M Benchmark Capital.
Protonex Technology Corp. Southborough, Mass. Provides long duration portable and remote fuel cell-based power sources. The company previously raised about $5M. www.protonex.com Energy B $9M Conduit Ventures, SAS Investors, Solstice Capital, Commons Capital, Parker Hannifin Corp., Contango Capital Management, Massachusetts Green Energy Fund.
FeedBurner Chicago Provides Web publishing services. www.feedburner.com Internet B $7M Mobius Venture Capital (led), Sutter Hill Ventures, Portage Venture Partners, Draper Fisher Jurvetson.
ReachLocal Inc. Encino, Calif. Provides online advertising services. www.reachlocal.com Internet B $7.75M VantagePoint Venture Partners.
VoteHere Inc. Bellevue, Wash. Provides secure online voting systems. The company has raised nearly $20M since 2000. Past investors include Cisco Systems and Hewlett-Packard (through Compaq Computer Corp.). www.votehere.com Internet E $4M Northwest Venture Associates.
CorNova Inc. Burlington, Mass. Makes coronary stents. www.cornova.com Med Tech. A $3M CardioTech International Inc., Implant Sciences Corp.
Mirabel MedicalSystems Inc. Austin, Texas Makes breast cancer screening system. The company, founded in 1993, operates additional facilities in New Jersey and Israel. www.transscan.co.il Med Tech. B $9M Stockton Partners.
Picolight Inc. Boulder, Colo. Makes fiber-optic components. The funding is a first close on its latest round. The company hopes to raise between $4M and $7M during the second quarter. It now has raised more than $100M since its 1996 inception. www.picolight.com Optics E $13M NA
Applimation Inc. New York Provides software that optmizes Oracle’s enterprise applications. www.applimation.com Software C $4M Battery Ventures (co-led), JMI Equity Fund (co-led), Waypoint Ventures.
Bluestreak Network Inc. Dallas Develops presentation software for digital TV and wireless personal media devices. www.bluestreaknetwork.com Software B $6M Solidarity Fund QFL, BDC Venture Capital, First Capital Group.
Valen Technologies Inc. Denver, Colo. Provides predictive modeling and decision-enabling software for the insurance industry. It is the company’s first round of institutional funding. www.valentech.com Software B $3M Appian Ventures.
Appfluent Technologies Inc. Bethesda, Md. Provides software that improves the performance of server-based databases. The funding was a Series A-1 and Series A-2 recap. The company had previously raised about $21M. www.appfluent.com Storage A $3.1M Carlyle Venture Partners, DynaFund Ventures, New Markets Growth Fund, Updata Venture Partners.
Hycrete Technologies Inc. Jersey City, N.J. Makes a water-based corrosion inhibitor. The funding amount was undisclosed. www.hycrete.com Tech. A NA NJTC Venture Fund.
Tideline Capital San Francisco Provides outsourced vendor services for the software industry. www.tidelinecapital.com Tech. A $10M Voyager Capital (co-led), Odin Capital (co-led), Windingo Partners.
Integrian Inc. Durham, N.C. Provides wireless products and technologies. The company has raised about $19M. www.integrian.com Wireless B $13M Polaris Venture Partners (led), Dow Chemical Intersouth Partners, Motorola Ventures, Wakefield Group.
Rave Wireless Inc. New York Wireless satrtup. Wireless A $2.1M Sigma Partners, Bain Capital Ventures.
Trapeze Networks Inc. Pleasanton, Calif. Provides business applications and services to the mobile enterprise workforce. www.trapezenetworks.com Wireless C $13M NA