scoreboard_12_22_03

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Recently Announced Venture Capital Deals

Issuer Category Round # Amount (M) Lead Investors
Guava Technologies Inc Hayward, Calif. The company is developing cell-based analysis systems. Ed Cahill of HLM and Scott Bonham from Granite joined the board. Biotech D $27.0 HLM Venture Partners (led), Abingworth, Management, ProQuest Investments, SkylineVentures, St. Paul Ventures, Fog City Fund, Yasuda Enterprises, Granite Global Ventures, MDS Capital, Integra Ventures, Peninsula Equity Partners, Stanford University.
NeoGuide Systems Campbell, Calif. The company is developing treatments for colorectal cancer. Biotech B $14.0 Utah Ventures (led), Versant Ventures, The Angels’ Forum, 3i US, DC Capital, Arboretum Ventures.
Xanthus Life Sciences Cambridge, Mass. The company, which develops tracer probes to track the effectiveness of drugs on individual patients, raised $9M in January 2003 at a PMV of $32.5M. Biotech B $31.0 Oxford Bioscience Partners (led), Yasuda Enterprise Development, HealthCare Ventures Kestrel Venture Management, GeneChem Technologies Venture, China Development Industrial Bank.
Athena Semiconductors Fremont, Calif. The fabless integrated circuits maker specializes in single-chip CMOS radio transceiver products. Athena has raised $20M to date. Chips B $10.0 Samsung Electronics Co. (led), Needham Capital, Alliance Ventures.
Canesta Inc. San Jose, Calif. The fabless semiconductor company named Tony Sun, managing general partner of Venrock, to its board. Founded in April 1999, Canesta has now raised about $38M. Chips D $16.0 Venrock Associates (led), Carlyle Venture Partners, Intel Capital, JPMorgan Partners, Korea Global IT Fund.
NextIO Inc. Austin, Texas The company, which develops chips for enterprise-class computer servers, is developing its first products. Chips A $10.0 Adams Capital Management (led), JK&B Capital, VentureTech Alliance.
AirWalk Communications Inc. Richardson, Texas The company develops wireless CDMA radio access networks. Comm. A $8.0 TL Ventures, Korean Global IT Fund.
Westar Aerospace & Defense Group St. Louis The company provides IT services to the aerospace and defense industries. The financing included debt. Defense A $38.0 Edgewater Private Equity Fund (led), Mesirow Capital Partners.
Game Trust Inc. New York The company develops video game infrastructure to manage tournaments. Gaming A $5.5 Silicon Alley Venture Partners (co-led), Topspin Partners (co-led), CSK Ventures, Intel Capital and angel investors.
Turbine Entertainment Software Corp. Westwood, Mass. The company provides subscription entertainment services for video games online. Gaming A $18.0 Highland Capital Partners (co-led), Polaris Venture Partners (co-led), Tim Draper and other investors.
Kanoodle.com Inc. Amherst, N.Y. The company provides sponsored search listings. Internet A $14.0 Insight Venture Partners.
WSI Jacksonville, Fla. The company, which helps small businesses sell products online, raised $64M in 1999 from Bell Atlantic Corp., Chase Capital Partners, Crosspoint Venture Partners, Dell Computer Corp., Norwest Venture Partners and Pivotal Asset Management. Internet B $10.0 Insight Venture Partners.
Dielectric Solutions LLC East Butler, Penn. The company makes advanced materials. Investors George Knapp and Kenn Moritz from Stonewood have joined the board. Manuf. D $2.3 Stonewood Capital Management Inc. (led) and Dielectric’s management team.
Angiolink Corp. Taunton, Mass. The company, which makes medical devices for cardiology, has raised $24M to date. Med Tech C $5.5 BioVentures and undisclosed investors.
Emergent Respiratory Products Inc. Irvine, Calif. The company, a maker of breathing devices for people with respiratory problems, was founded in 2000. Med Tech B $5.3 Shepherd Ventures (led), Grayhawk Venture Partners, POSCO BioVentures.
Medical Media Systems Inc. West Lebanon, N.H. The company provides remote 3-D imaging for aortic aneurysms and other diseases. Phil Ferneau of Borealis, Will Cowen of Long River and individual investor Scott Berry joined the board. See story, page 4. Med Tech B $3.5 Borealis Ventures (co-led), Village Ventures (co-led), Fresh Tracks Capital, Long River Ventures, Worcester Capital Partners, Peninsula Equity Partners, Commons Capital, Stanford University, Cedar Street Group and individual investors.
USGI Medical Inc. San Clemente, Calif. The company focuses on incisionless surgery for gastrointestinal diseases. Alta led USGI’s Series A round, which totaled about $5M. Michael Sweeney, general partner with InterWest, has joined the board. Med Tech B $12.0 InterWest Partners (led), Alta Partners.
Nexsan Technologies Woodland Hills, Calif. The company makes enterprise storage systems. Storage A $17.0 VantagePoint Venture Partners (led), RRE Ventures and a syndicate of individual investors.
Axentis Warrensville Heights, Ohio The company develops software to assist companies with governance, risk and regulatory compliance. Software C $7.5 Key Venture Partners, JPMorgan Partners, Sierra Ventures.
Cogency Software Inc. San Mateo, Calif. The company, which provides enterprise data aggregation and monitoring, named Armando Pauker from Apex and Anthony Lee of Altos to the board. Cogency has raised $61M to date, including $26M in 2000 at a PMV of $105M. Software D $7.5 Apex Venture Partners (led), BA Venture, Partners, Bain Capital, Globespan Capital Partners, Altos Ventures.
Data Domain Inc. Palo Alto, Calif. The company, which provides enterprise data protection solutions, has now raised $26M since its founding. Greylock contributed $9.3M to Data Domain’s Series A round in October 2002. Software B $17.0 Sutter Hill Ventures (led), Greylock, New Enterprise Associates.
Trusted Edge McLean, Va. The company provides enterprise software to protect intellectual property and personal information. Software A $4.7 Novak Biddle Venture Partners.
N2 Broadband Inc. Duluth, Ga. Provides interactive TV services, such as video on demand. Rick Ganong, a partner at Tudor, joined the board. N2 Broadband has raised $27M to date. TV C $10.0 Tudor Ventures (led), Highland Capital Partners.