scoreboard 23 05

The . Week . IN . Deals
   Category  Name (Location) Amt./Rd. Investors Notable
Androclus Therapeutics Inc. San Diego NA/A E. de Rothschild Investment Partners, Matigon Technologies. Biotech company focused on autoimmune inflammatory diseases. The funding amount was not disclosed.
Assay Designs Inc. Ann Arbor, Mich. $5M/A Ampersand Ventures. Makes immunoassay kits for life science companies.
BioMimetic Pharmaceuticals Inc. Franklin, Tenn. $12M/C Noro-Moseley, PTV Sciences, Axiom Ventures, HSS Ventures, InterWest Partners, CMEA Ventures, MC Life Science Ventures, Burrill & Co., Novo AS, Holden Capital, MB Venture Partners, Knowledge Ventures. Develops products for the treatment of musculoskeletal disorders. The Series C round now stands at about $38M. The company closed on more than $25M in November.
Gemin X Biotechnologies Inc. Montreal $50M/A H.I.G. Capital (co-led), Sanderling Ventures (co-led), Merlin BioMed Group, Pinnacle Biotech Ventures Fund, Business Development Bank of Canada, Canadian Medical Discoveries Fund, Gestion BioCapital, ProQuest Investments, SB Life Science Equity Managemen Develops treatments based on the regulation of apoptosis. The company also secured a $15M loan.
Tranzyme Pharma Inc. Research Triangle Park, N.C. $32M/A H.I.G. Ventures (co-led), Thomas McNerney & Partners (co-led), Quaker BioVentures (co-led), BDC Venture Capital, Desjardins Venture Capital, Pacific Rim Ventures, The Solidarity Fund. Develops drugs focused on gastrointestinal disorders.
Zelos Therapeutics Inc. Ottawa $42.5M/B Alta Partners (led), Prospect Venture Partners, Frazier Healthcare Ventures, S.R. One Ltd., Ontario Teachers’ Pension Plan, VenGrowth Private Equity Partners, Genesys Capital Partners, Seaflower Ventures, Business Development Bank of Canada. Develops drugs to treat osteoporosis and psoriasis. The company also has an office in Waltham, Mass.

IPextreme Inc. Campbell, Calif. $6M/A Alloy Ventures, SmartForest Ventures. Provides on-chip subsystems.



Caspian Networks Inc. San Jose, Calif. $31M/B Oak Investment Partners, U.S. Venture Partners, Morgenthaler Partners. Makes optical switches. The company has raised nearly $300M since its 1999 inception, including a $120M Series A recap in 2002 at a PMV of about $195M.
Cymphonix Inc. Salt Lake City $4M/A vSpring Capital (led), Prospector Equity Capital. Develops appliances for network traffic control.

HyRadix Inc. Des Plaines, Ill. NA/NA Koch Genesis Co. (led), SAM Sustainable Asset Management, Caisse de depot et placement du Quebec. Develops hydrogen generation technology for hydrogen vehicle refueling. Many of the details of the funding were undisclosed, though Caisse de depot et placement du Quebec was listed as a return investor.

Health Care
Pharmaca Integrative Pharmacy Inc. Boulder, Colo. $7.5M/D Great Spirit Ventures. Operates 11 pharmacies in the Western United States. The company has raised $40M in bank and venture financing. In other company news, Ron Brill, formerly chief administrative officer of The Home Depot, has joined the board.

Voltage Security Inc. Palo Alto, Calif. $15M/C Jafco Ventures (led), Siemens Venture Capital, Hummer Winblad Venture Partners, Morgenthaler Ventures, Menlo Ventures. Provides secure email and policy-based encryption. The company has raised about $30M since its 2002 inception.


Integrien Corp. Pasadena, Calif. $6.5M/A Clearstone Venture Partners (led), Tech Coast Angels. Provides business management software and services.
ITM Software Inc. Mountain View, Calif. $6M/B RBC Technology Partners (led), Technology Partners, InnoCal Venture Capital, Ascend Venture Group. Provides enterprise software.
Netuitive Inc. Reston, Va. $5M/C Thomas Weisel Venture Partners (led), Bessemer Venture Partners, Columbia Capital, Flagship Ventures and Noro-Moseley Partners Provides software for business services management.
Software Innovation Inc. Toronto $5M/B Covington Capital, BDC Venture Capital, Verdexus, Software Innovation ASA. Provides project collaboration software.
Liquid Computing Corp. Ottawa $14M/A VenGrowth Capital Partners, ATA Ventures, Export Development Canada, the Business Development Bank of Canada, Axis Capital Corp. Makes computer servers.


AgileTV Menlo Park, Calif. $22M/B Valence Capital Management (led), Lauder Partners, Insight Communications. Provides voice navigation services for the cable TV industry.
Novariant Inc. Menlo Park, Calif. $16M/C Clearstone Venture Partners, SpaceVest, Marubeni, Yasuda, Metdist, Pacifica Fund, Arcturus Capital, Argonaut Private Equity. Provides global position system solutions.


Fastmobile Rolling Meadows, Ill. $12M/B DCM-Doll Capital Management (co-led),Walden International (co-led), BlueStar Ventures, Leo Capital Holdings. Provides mobile instant com munications solutions. The company has raised more than $21M.
Nellymoser Inc. Arlington, Mass. $5.3M/A Softbank Capital. Develops mobile applications for large brands and content providers.
Sennari Inc. Los Angeles $2M/A Novak Biddle Venture Partners (co-led), Blacksmith Capital (co-led). Provides solutions for mobile entertainment providers.
SkyPilot Networks Inc. Santa Clara, Calif. $15M/C Mobius Venture Capital, Invesco Private Capital, Softbank Asia Infrastructure Fund, Selby Venture Partners, Nexit Ventures, Palo Alto Investors Provides carrier-class wireless broadband systems. The company has raised more than $44M in funding since its 2000 inception. In other news, Bob Machlin was named president and CEO. He previously was president and CEO of AirFlow Networks Inc.