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Recently Announced Venture Capital Deals

Issuer Category Round # Amount (M) Lead Investors
Fulcrum Pharmaceuticals Inc. Las Vegas Develops drugs. Biotech A $8.0 Third Point Management Co. (led), Fujisawa Investments for Entrepreneurship.
Proteus Biomedical Inc. Menlo Park, Calif. Provides MEMS for the treatment of congestive heart failure. Company previously announced a $5.3M first close on the deal. Spring Ridge incubated Proteus and served as its sole Series A investor. Biotech B $6.3 The Carlyle Group, Kaiser Permanente Ventures, Adams Street Partners, Fletcher Spaght Ventures, Asset Management Co., Spring Ridge Ventures.
PTC Therapeutics Inc. South Plainfield, N.J. Develops drugs focused on post-transcriptional control mechanisms. The company held a $35M first close on the round in December, bring the total round to $50M. Biotech E $15.0 HBM BioVentures (co-led), CSFB Private Equity (co-led), Bay City Capital, Delphi Ventures, Hansa Special Opportunities Fund, HealthCap, Novo A/S, Vulcan Capital, Genavent Partners LP, Novartis BioVentures, POSCO BioVentures.
Rejuvenon Corp. The Woodlands, Texas Develops drugs. Funding is a follow-up to a $12M Series A in 2001, at a PMV of $18M. Lutz Giebel of Schroder, Robert Mashal of Boston Millennia and Carl Gordon of Orbimed have joined the board. See story, page 3. Biotech B $37.0 Schroder Ventures Life Sciences (led), Boston Millennia Partners, Cogene BioTech Ventures, Orbimed Advisors, Prospect Venture Partners, BCM Technologies, Burrill & Co., Novo A/S.
Xanodyne Pharmacal Inc. Florence, Ky. Develops drugs focused on cancer and pain management. Biotech C $20.0 Essex Woodlands Health Ventures, HealthCare Ventures.
Emulation and Verification Engineering San Jose, Calif. Provides intellectual property and hardware assisted verification solutions for complex integrated circuits. Auriga is a France-based VC firm. Chips B $7.2 Auriga Partners (led), Rothschild, 3i Group, Credit Lyonnais Private Equity, Siparex.
Motia Inc. Stamford, Conn. Fablless semiconductor company for the wireless industry. See story, page 3. Chips C $12.0 Prism Venture Partners (led), Intel Communications Fund, Axiom Venture Partners, Carrot Capital, Kodiak Venture Partners.
Silicon Design Systems Santa Clara, Calif. Provides chip design software. Carmel and Infinity are return investors. Chips B $6.7 Carmel Ventures, Infinity Venture Capital, Gilo Ventures.
Konarka Technologies Inc. Lowell, Mass. Develops solar energy products. NEA led the deal with a $3.6M investment. Energy C $18.0 New Enterprise Associates (led), Vanguard Ventures, Partech International, Prime New Energy, SDL Ventures, Good Energies, Presidio Venture Partners, Draper Fisher Jurvetson, Zero Stage Capital, ChevronTexaco Technology Ventures, Eastman Ventures, Ngen Partners, Ecole Polytechnique Federale De Lausanne.
Marketworks Atlanta Provides online sales automation software for eBay and others. The company, formerly called Auctionworks.com, has raised $7M to date, including a $3M infusion in 2000 at a PMV of $12M. Internet E $3.0 Crosslink Capital.
Context Media Inc. Providence, R.I. Provides digital media software. Company has raised $49M to date, including a $20M infusion in 2000 at a PMV of $75M. Media D $11.0 Lehman Brothers Venture Partners (led), New Enterprise Associates, Adams Capital Management, Shamrock Ventures.
Emphasys Medical Inc. Redwood City, Calif. Medical device company focuses on $60M since its 2000 inception, including a $21.5M Series C round in 2003 at a PMV of about $43M. Med Tech D $27.5 OrbiMed Advisors LLC (led), Morgan Stanley Venture Partners, Advanced Technology Ventures, ABS Ventures, Morgenthaler Ventures, St. Paul Venture Capital.
Vantage Oncology Inc. El Segundo, Calif. Develops and operates radiation oncology centers. NEA led the deal with a $7.7M investment. Chip Linehan of NEA joins the board. Med Tech B $15.0 New Enterprise Associates (led), Versant Ventures, Conning Capital Partners, Salix Ventures.
Nanostellar Inc. Menlo Park, Calif. Provides platinum nano-composite catalyst solutions. David Aslin, a general partner with 3i, joins the board. Nano A $3.0 3i Group (led), Frank Marshall (former GM of Cisco System’s core products business group), William Miller (former chairman of Borland Software Corp.).
Carrius Technologies Inc. Richardson, Texas Provides software for Class 5 switch services. Company has raised more than $26M, including a $4.6M infusion last year at a PMV of nearly $18M. Networks B $14.5 Sevin Rosen Funds (led), Star Ventures, Centerpoint Ventures, Chisholm Private Capital Partners.
AmberPoint Inc. Oakland, Calif. Provides management software for service-oriented architectures. Company has raised $30.8M in total funding since 2001 inception. Software C $8.2 Crosslink Capital, Norwest Venture Partners, Sutter Hill Ventures, Motorola Ventures.
Infopia Inc. Salt Lake City Provides ecommerce software. Software A $3.0 Trans Pacific Partners, B.C. Partners.
InStranet Inc. Chicago Provides software for enterprise information exchange applications. Investor Add Partners is based in London. Software D $4.1 Add Partners.
GaleForce Solutions Vancouver Provides customer relationship management solutions for mid-sized financial services institutions. Software A $2.0 Ventures West, Yaletown Venture Partners.
EqualLogic Nashua, N.H. Provides self-managed storage networks. Deal expected to be announced Monday. See story, page 9. Storage C $20.0 Focus Ventures (led), Charles River Ventures, Sigma Partners, TD Capital Technology Ventures.
Mark Logic Corp. San Mateo, Calif. Develops enterprise-class database. The company raised $6M from Sequoia in March. Tom Banahan of Lehman joins the board. Storage B $12.0 Lehman Brothers Venture Partners (led), Sequoia Capital.
Cube Route Toronto Provides demand logistics services. Tech A $4.0 J.L. Albright Venture Partners.
RaySat Inc. McLean, Va. Provides satellite antennas. Tech A $10.0 Benchmark Capital (led), Seed Partners.
RealVue Simulation Technologies Inc. Austin, Texas Provides simulation solutions for employee training. The tranche funding closes Series B round at $12.5M. Tech B $7.5 Austin Ventures (led), Walden VC, SI Ventures.
Mobixell Networks Inc. New York Provides mobile multimedia adaptation and optimization solutions for mobile services. Company has raised $15M to date. Wireless C $4.0 Apax Partners (led), Siemens Mobile Acceleration, Comverse Technology Inc., Optibase Ltd.
SavaJe Technologies Chelmsford, Mass. Provides mobile telephony software. Company has raised about $66M to date, including a $17.5M infusion in late 2003. Wireless E $40.0 Deutsche Telekom AG, Vodafone Group PLC, Orange (a division of France Telecom SA).