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Recently Announced Venture Capital Deals

Issuer Category Round # Amount (M) Lead Investors
Linguagen Corp. Cranbury, N.J. Company makes ingredients to improve the taste of food, beverages and pharmaceutical products. Bio tech A $10.2 NJTC Venture Fund SBIC, Cargill Ventures, Danisco Venture A/S, DuPont Ventures, Aperture Venture Partners, RK Ventures Group.
Mimix Broadband Inc. Houston, Texas The company, a fabless semiconductor maker for wireless communications, had announced a $6.7M close in September. Greg Carlisle, with Genifor Ventures, gains a board seat. Chips B $1.3 3i, First Capital Group.
Sierra Logic Inc. Roseville, Calif. The chipmaker will initially take abouthalf the cash in the tranched deal. Sierra raised $12M in Sept. 2002. Chips C $15.0 InterWest Partners, TPG Ventures, JPMorgan Partners, QTV Capital.
StarGen Technologies Marlborough, Mass. This infusion closes out StarGen’s Series C round at $16.3M, which included earlier investments from Morgenthaler Ventures, St. Paul Venture Capital, Commonwealth Capital Ventures, The Boston University and Community Technology Fund. Chips C $1.3 Ironside Ventures, Commvest.
Vesta Corp. Portland, Ore. The company, which provides payment services technology, has raised about $10M from angel investors and individuals since its inception in 1995. Financial $20.0 Oak Investment Partners.
LinkedIn Ltd. Mountain View, Calif. Company provides social networking service that targets business users. LinkedIn is run by CEO Reid Hoffman, who co-founded SocialNet in 1997. Internet A $4.7 Sequoia Capital.
Spoke San Jose, Calif. The deal was unannounced and brings the total invested in Spoke to $20M. Spoke is a social networking company. Internet C $10.0 Partech International, Sierra Ventures, U.S. Venture Partners.
Grenax Broadcasting Florida Funding is for Grenax to acquire radio station WCFX-FM 95.3 in Michigan. Media A $301.0 Kansas City Equity Partners.
Sanarus Medical Inc. Pleasanton, Calif. Company is focused on minimally-invasive diagnosis and treatment of breast tumors. Channel was a new investor for Sanarus. Med Tech C $19.0 Alta Partners, Channel Medical Partners, U.S. Venture Partners, Forward Ventures, Federated Kaufmann Fund, Technology Funding.
Digital Evolution Inc. Santa Monica, Calif. Provides Web services management and security. Redpoint and Mellon were both new investors on the deal. Company has raised $28M since 1998. Redpoint’sG. Bradford Jones gains a board seat. Security C $8.0 Redpoint Ventures, Mellon Ventures.
iS3 Inc. Cupertino, Calif. The company, which provides security management software, has raised $11M since 2002. In related news, iS3 signed a multi-year partnership with Visa. Security B $9.1 Menlo Ventures, Visa International, BV Capital, Asset Management.
CenterBoard Pleasanton, Calif. Company provides enterprise software. Software A $6.0 Bay Partners, Woodside Fund, Siemens Venture Capital.
Composite Software San Mateo, Calif. Dot Edu is an angel fund formed by Stanford professors. The company helps speed access to info in disparate databases and has raised over $17M since 2002,including $5.2M in a Series A. Software B $12.0 Lehman Brothers, Apax Partners, Clearstone Venture Partners, Palomar Ventures, Dot Edu Ventures.
iQ NetSolutions Westborough, Mass. The company provides IP telephony software Liberty has been the principal investor in iQ. Terms of the deal were undisclosed. Software NA $0.0 Liberty Partners.
Recruitmax Ponte Vedra Beach , Fla. Company provides workforce management software. QuestMark and Tudor co-led. Software A $17.2 QuestMark Partners, Tudor Ventures, Montagu Newhall Associates.
SolArc Inc. Tulsa, Okla. SolArc provides commodities trading software. This is SolArc’s first round of funding in its 12-year history. TCV’s Jake Reynolds gains a board seat.See story, page 3. Software A $25.0 Technology Crossover Ventures.
White Label Billerica, Mass. The Mumbai, India-based investor gains two board seats as part of deal with the enterprise software maker. Software A $10.0 Datamatics Ltd.
Arsenal Digital Solutions Worldwide Inc. Cary, N.C. The funding was private debt financing. The company, which provides storage management, has raised $86M in combined equity and debt financing. Storage F $11.0 Undisclosed.
MonoSphere Inc. Redwood City, Calif. MonoSphere, which provides automated storage software, has raised over $22M since its 2001 founding. Storage C $11.0 ComVentures, LightSpeed Venture Partners, Benchmark Capital.
M-Qube Inc. Boston Sigma led the deal. Company provides mobile messaging services. Wireless B $8.0 Sigma Partners, General Catalyst Partners, Bain Capital Ventures.
ReefEdge Networks Inc. Ft. Lee, N.J. Company provides wireless LAN systems. Wireless E $13.0 Comcast Interactive, Bessemer Venture Partners, Columbia Capital, RRE Ventures, Allegra Partners, Ericsson Venture Partners, Saturn Venture Partners.