Recently Announced Venture Capital Deals

Issuer Category Round Amount (M) Lead Investors
Barrier Therapeutics Inc. Princeton, N.J. Barrier now has raised $78M since 2001, including $46M in 2002 at a PMV of $86M. The company is focused on dermatology. Bio tech C $32.0 MPM Capital, Johnson and Johnson Development Corp., TL Ventures, JPMorgan Partners, Perseus-Soros BioPharmaceutical Fund, Baker/Tisch Investment Partners and KBC of Belgium.
Collegium Cumberland, R.I. The biopharma company is focused on the development of proprietary, late-stage products. Bio tech A $3.0 Boston Millennia Partners, NMJ LP, Island View Investors.
Metabasis Therapeutics San Diego Metabasis now has raised over $57M. The biopharma company is focused on the treatment of liver diseases. Bio tech D $24.9 Maverick Capital, Wellcome Trust, ITOCHU Corp., Pan-Pacific Venture Capital, MPM Capital, InterWest Partners, The Sprout Group.
Entropic San Diego Chips B $29.4 Anthem Venture Partners, China Development Industrial Bank, Cisco Systems, CMEA Ventures, Comcast Interactive Capital, The Dow Employees Pension Plan, Intel, Liberty Associated Partners, Mission Ventures, Motorola, Panasonic, Redpoint Ventures, Revolution Ventures, Time Warner, YAS Broadband Ventures.
RF Magic Inc. San Diego Chips C $24.0 Conexant Systems Inc., EchoStar Communications Corp., STMicroelectronics, HamiltonApex Technology Ventures, Finaventures, Waypoint Ventures.
IronPort Systems Inc. San Bruno, Calif. The deal’s initial $15M came from exising in July while the $14 million second tranche was provided by new backers. Email C $29.0 General Motors Asset Management, Chevron Technology Ventures, NTT Leasing Co.
Friendster Sunnyvale, Calif. Joining the board are John Doerr from Kleiner, Bob Kagle from Benchmark and former Yahoo CEO Tim Koogle. Previously, Friendster raised angel money. Internet A $13.0 Kleiner Perkins Caufield & Byers, Benchmark Capital, Battery Ventures.
ArthroSurface Inc. Stoughton, Mass. Patrick Fortune, a partner with Boston Millennia, will join ArthroSurface’s board. Medi Tech A $5.3 Boston Millennia Partners.
Conor Medsystems Inc. Menlo Park, Calif. Conor, which makes vascular stents, has raised $43M to date, including $10M in 2002 at a PMV of $28M. John Friedman of Easton Hunt, Frank Gentile of H&Q and George Milne of Radius joined the board. Medi Tech D $28.0 Easton Hunt Capital Partners, Highland Capital, Hambrecht & Quist Capital Management, Maverick Capital, Radius Ventures, Brookside Capital.
Converge Medical Sunnyvale, Calif. Converge is a developer of enabling technology for minimally invasive cardiac surgery. Medi Tech D $25.0 BA Venture Partners, Tullis-Dickerson & Co., Global Life Science Ventures, St. Paul Venture Capital, Forward Ventures, Hamilton Apex Technologies, JAFCO, Edward Life Sciences.
RayMedica Inc. Minneapolis Viscogliosi led the deal with $5M. The medical device maker has raised over $45M since 1990, including $14.7M in 2000 at a PMV of $77M. Medi Tech n/a $10.0 Viscogliosi Brothers, Chartwell Capital, Stephens Group Inc., Pathfinder Venture Capital Funds, J.F. Shea.
Spine Wave Inc. Shelton, Conn. The company, which is focused on spinal disorders, completed a $21M Series A in March 2002 when it had a simultaneous merger with VERTx Inc. Medi Tech B $22.3 Morgenthaler Ventures, New Enterprise Associates, Canaan Partners, Thoma Cressey Equity Partners, Collinson Howe & Lennox, California Technology Ventures, New Venture Partners, NeuroVentures Capital, Spring Ridge Ventures.
Quantum Leap Packaging New Bedford, Mass. Packaging A $3.5 Battery Ventures
Agentis Software Walnut Creek, Calif. Provider of business process management systems. Software B $11.8 Constellation Ventures, Draper Fisher Jurvetson, Partech International.
BulldogIT Corp. Nashville, Tenn. Provider of IT services to hospitals. Don Lucas, who serves on the boards of Oracle and Cadence, agreed to serve as a business advisor to the company. Software n/a $1.4 Gerdes Huff Investments, Sandhill Investments and Silcon Valley venture capitalist Donald Lucas Sr.
Collation Inc. Palo Alto, Calif. In April, Collation raised $6M from the same investors. Software n/a $8.0 Prism Venture Partners, Worldview Technology Partners.
Entone Technologies Inc. Foster City, Calif. Develops software components for broadband services delivery. Software A $16.0 BA Venture Partners, Menlo Ventures, Palomar Ventures.
Mobular Technologies Huntsville, Ala. Chris Horgen, senior managing partner of SETfund and former CEO of Nichols Research Corp., will join Mobular’s board, Company has raised $8M, including $5M infusion 2001 at a PMV of $15M. Software B $2.0 Southeastern Technology Fund and affiliated private equity investors.
Netomat Inc. New York Netomat makes personal communication software. Software B $3.0 Topspin Partners, WHI Ventures, Rockefeller Foundation.
OneShield Inc. Woburn, Mass. Earlybird led the deal and is a return investor. Company provides insurance software. The funding is the opening installment of an expected $8M round. Thisis on top of $22.5M in three prior rounds. Software D $2.5 Earlybird Ventures and an undisclosed new investor.
Tectura Corp. Tempe, Ariz. A service provider that specializes in the deployment of Microsoft integrated business solutions. Software A $12.0 Pequot Ventures.
MobileAccess Networks Vienna, Va. A maker of converged wireless enterprise networks. Wireless C $10.0 HarbourVest Partners, Pitango Venture Capital, Poliam Ventures.
TAZZ Networks Inc. Providence, R.I. Tom Erickson of BlueStream joines the TAZZ board as part of the funding deal. The company raised $7.7M in 2002 and has developed a system that helps telecoms to use their networks. Telecom B $10.5 BlueStream Ventures, Lazard Technology Partners, Pilot House Ventures Group, Zero Stage Capital, Point Judith Capital.
Entone Technologies Palo Alto, Calif. Provides video-on-demand. Video B $16.0 Menlo Ventures, Palomar Ventures, BA Venture Partners.