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Recently Announced Venture Capital Deals

Issuer Category Round # Amount (M) Lead Investors
Acuity Pharmaceuticals Inc. Philadelphia Develops RNA interference therapeutics for the treatment of ophthalmic diseases. The company had raiseda $2.4M Series A infusion from Ben Franklin and other investors in early 2004 at a PMV of $6.5M. www.acuitypharma.com Biotech B $15.0 Ben Franklin Technology Partners, BioAdvance, Diamond Capital, Johnson & Johnson Development Corp., Och-Ziff Capital Management Group.
Metabolon Inc . Research Triangle Park, N.C. Develops drugs focused on metabolomics. The $5M funding comes on the heels of a $4M investment from The Aurora Funds, Trelys Funds, Alexandria Real Estate Equities and other investors, bringing the Series A to $9M. Sevin Rosen General Partner John Oxaal joins the board. www.metabolon.com Biotech A $5.0 Sevin Rosen Funds.
Nucleonics Inc . Horsham, Penn. Develops techniques in mammalian gene silencing. The company has raised more than $50M in venture financing. Previous investors include Anthem Capital Management, Burrill & Co., New Enterprise Associates, POSCO BioVentures and S.R. One Ltd. www.nucleonicsinc.com Biotech D $2.7 Oxford Finance Corp.
PharmAthene Inc. Annapolis, Md. Develops countermeasures to bio-terrorism. The company has raised $65M, including a $15M Series A in 2003 at a PMV of $32M. See story, page 3. www.pharmathene.com Biotech B $50.0 MPM Capital (co-led), Bear Stearns Health Innoventures (co-led), HealthCare Ventures.
Magnolia Broadband Inc. Clinton, N.J. Develops radio chips for mobile phones. The company has raised about $28M since its 2000 inception. www.magnoliabroadband.com Chips C $11.0 SCP Private Equity Partners, Ecentury Capital, DFJ Gotham Ventures.
Reflectivity Inc. Sunnyvale, Calif. Develops MEMS, or micro-electromechanical systems, for a high-definition projection display. The company has riased more than $60M to date, inclouding a $10M infusion earlier this year at a PMV of more than $33M. www.reflectivity.com Chips D $18.0 JPMorgan Partners.
BIAP Systems Inc. Plano, Texas Develops software to connect TVs with PCs, the Internet and other edge devices like VoIP phones. The company has raised more than $5M in venture capital. www.biap.com Internet D $3.0 SCP Private Equity Partners.
Laszlo Systems Inc. San Francisco Develops a software platform to enable Internet applications. Mitsui & Co.’s Mark Kawahara, an investment partner, has joined the board. www.laszlosystems.com Internet B $5.0 Mitsui & Co. Venture Partners (led), General Catalyst Partners, Sofinnova Ventures.
LinkedIn Mountain View, Calif. Provides social networking tools for professionals. Among the company’s 14 new angel investors are Marc Andreesen, co-founder of Netscape; Joe Kraus, co-founder of Excite; Josh Kopelman, founder of Half.com; and Peter Thiel, co-founder of PayPal. www.linkedin.com Internet B $10.0 Greylock (led), Sequoia Capital, angel investors.
BioImagene San Jose, Calif. Provides digital pathology solutions that allow for quicker analysis of images by pathologists and researchers. Tuputele Ventures manages a $9M fund and was co-founded by John Dean, former Chairman and CEO of Silicon Valley Bank. www.bioimagene.com. Med Tech B $4.2 Tuputele Ventures, Authosis, ICCP Ventures.
CoAxia Inc. Maple Grove, Minn. Develops treatments for ischemic stroke. The company has called down more than $10M of the round, and additional call-downs are dependent on it achieving certain milestones. See story, page 5. www.coaxia.com Med Tech B $17.6 Prism Venture Partners (co-led), Canaan Venture Partners (co-led), Baird Venture Partners, Johnson & Johnson Development Corp., Affinity Capital.
The Oceanaire Inc. Minneapolis Operates seafod restaurants. The company has called down $10M, with the remaining $10M expected to be called down in 2005. www.theoceanaire.com Retail A $20.0 Clarion Capital Partners.
GetActive Software Berkeley, Calif. Develops relationship management software. The company has raised $9M to date. www.getactive.com Software C $7.0 Pacific Partners, El Dorado Ventures.
Meiosys Delaware Develops software for information technology systems. The company completed a “corporate inversion” transaction, whereby it now maintains headquarters in Delaware, but operates subsidiaries in Palo Alto, Calif., and Toulouse, France. The company has raised about $16M since its 2000 inception. www.meiosys.com Software D $7.5 Credit Lyonnais Private Equity (led), Partech International, Wellington Partners, Cisco Systems.
NewZoom Inc. San Francisco Provides automated retail solutions. The company was founded in 1997 as an Australian company named Imaging Technologies Pty. Ltd. It reorganized in 2002 and now has raised $20M in equity. www.zoomsystems.com Software A $6.3 Sierra Ventures.
Orb Networks Inc. Union City, Calif. Provides streaming media software and services. www.orb.com Software A $4.0 Morgenthaler Ventures.
StrionAir Inc. Louisville, Colo. Makes air purification equipment and measuring instrumentation. The company has raised more than $16M to date. www.strionair.com Tech B $11.0 Carlyle Venture Partners (led), Sequel Venture Partners, Vista Ventures, Solstice Capital.
Southeast Towers LLC Atlanta Builds wireless communications towers and leases them to cellular providers. President and CEO Carrie Kirk previously headed another tower company, TowerCom, for seven years. Wireless A $20.0 Seaport Capital.