Recently Announced Venture Capital Deals

Issuer Category Round # Amount (M) Lead Investors
Athenix Corp. Durham, N.C. Develops biotech products for the agricultural and chemical industries. Bio Tech B $12.5 InterSouth Partners, Polaris Venture Partners, Hunt Ventures.
Concurrent Pharmaceuticals Inc. Ft. Washington, Pa. The biopharmaceutical company raised the deal’s first $14M during the second quarter of 2003. Bio Tech B $15.0 Intel Capital, Prospect Venture Partners, Venrock Associates, New Enterprise Associates.
Enanta Pharmaceuticals Inc. Watertown, Mass. The drug developer has raised more than $43M in previous rounds. Bio Tech C $1.2 Techno Venture Management, Oxford Bioscience Partners, Advent International, BioVentures Investors, NIB Capital, Global Biomedicine, Swiss Life Private Equity Partners, Wheatley MedTech Partners, Yasuda Enterprise Development.
Exagen Diagnostics Inc. Albuquerque, N.M. Provides molecular diagnostic products. Company founded in 2002 as a spin-off of Quasar International Inc. Bio Tech A $5.4 Tullis-Dickerson & Co. (led), vSpring Capital, Wasatch Venture Fund.
Hydra Biosciences Inc. Cambridge, Mass. Develops molecular regeneration medicines. Company has raised over $28M, including a $9.3M Series A in 2002 at a PMV of $17.3M. Bio Tech B $18.9 Lilly BioVentures (led), BioVentures Investors, Polaris Venture Partners, Abingworth, New Enterprise Associates, Advanced Technology Ventures, Abbott Laboratories, Boston Medical Investors.
Metabolex Inc. Hayward, Calif. Develops drugs for metabolic diseases, such as Type 2 diabetes. Company has raised $31 million in Series J funding, after a $27M first close in August. Bio Tech J $4.0 Birchmere Ventures, Merlin Biomed Group, CIBC World Markets.
Synta Pharmaceuticals Corp. Lexington, Mass. Focuses on oncology and immunology. Company has raised over $180M since 1997, $120M in last 18 months. Bio Tech C $50.0 Caxton Group, Gollust Management, Mountain Trail Investments, Duquesne Capital, Galleon Group, AIG SunAmerica.
TargeGen Inc. San Diego Develops treatments for cardiovascular diseases and cancer. William Blair’s Arda Minocherhomjee and CDP’s Richard Meadows joined the board. Bio Tech B $30.0 William Blair Capital Partners (co-led), CDP Capital Technology Ventures (co-led), Forward Ventures, Enterprise Partners, China Development Industrial Bank.
Threshold Pharmaceuticals Inc. South San Francisco Develops diagnostic imaging agents to treat cancer. Company has raised $50M since 2001. Bio Tech B $41.0 Morgenthaler Ventures (led), Pequot Ventures, CHL Medical Partners, Three Arch Partners, Sofinnova Ventures, Sutter Hill Ventures, ProQuest Investments.
Akustica Inc. Pittsburgh Provides acoustic system-on-a-chip. Company has raised $12.5M to date. Chips B $8.0 Rangos Investments (co-led), Chamberlain Investments (co-led), Mobius Venture Capital.
Atsana Semiconductor Corp. Ottawa Provides multimedia processors for mobile devices. Chips A $10.0 Siemens Mobile Acceleration, Covington Capital Corp., GrowthWorks WV Funds, Greenstone Venture Partners.
MicroDisplay Corp. San Pablo, Calif. Maker of liquid crystal-on-silicon components. Chips C $18.0 Nokia Venture Partners, Mobius Venture Capital, August Capital, 2M Technology Ventures.
Scintera Networks San Jose, Calif. Makes optical networks. Company has raised $17.5M since 2001. Chips B $9.5 Kleiner Perkins, August Capital, Sevin Rosen.
Silicon Optix San Jose, Calif. The fabless semiconductor company makes chips for the product display market. Chips B $18.0 Canaan Partners (co-led), Polaris Venture Partners (co-led), Origin Partners, Primaxis Technology Ventures, Firsthand Capital, Focus Ventures.
SiXtron Advanced Materials Inc. Sherbrooke, Quebec Makes semiconductor materials. Chips $1.0 MSBi Capital, Société Innovatech du sud du Québec.
Calient Networks Inc. San Jose, Calif. Provides all-photonic switching systems. Company has raised $270M to date, including $195M in 2001 at a PMV of $975M. Comm. D $20.0 Sofinnova Ventures (co-led), Enterprise Partners, TeleSoft Partners, Storm Ventures, Van Wagoner, SDL Ventures.
Narad Networks Inc. Westford, Mass. Provides broadband access services. Company has raised $108M since 1997, including a $41M Series A in 1998 at a PMV of over $124M. Comm. A $17.7 Argo Global Capital (led), Polaris Venture Partners, Sofinnova Venture Partners, Vertical Group, General Catalyst.
Pedestal Networks Fremont, Calif. Provides broadband services. Company has raised $34M to date. Duff Ackerman Partner John Cadeddu joins the board. Deal was to be announced Tuesday, Jan. 20. Comm. C $20.0 Duff Ackerman & Goodrich LLC, Benchmark, Doll Capital Management, Skymoon Ventures.
World Wide Packets Inc. Spokane, Wash. Provides optical access network technology. The company has raised over $85M to date since its 1999 inception, including a $26M Series B in early 2002 at a PMV of $65M. Comm. C $15.7 Madrona Venture Group (co-led), Northwest Venture Associates (co-led), Azure Capital Partners.
Solaicx Los Gatos, Calif. Makes silicon wafers used for photovoltaic cells. The seed will be rolled into a $3M Series A. See story, page 4. Energy $1.0 Individual investors.
DeNovis Inc. Lexington, Mass. Provides a financial transaction platform for the medical industry. Company has raised over $100M since 2000. Health Care C $22.0 3i Group, Advanced Technology Ventures, Audax Group, Psilos Group, UV Partners.
Ophthonix Inc. San Diego Develops vision assessment equipment and products. Health Care B $15.5 Gund Investment Corp., Enterprise Partners, Kleiner, Perkins, Caufiled & Byers.
Enviance Inc. Carlsbad, Calif. Provides Internet-based services that streamline environmental, health and safety compliance. Internet A $10.0 Enterprise Partners Venture Capital (led), individual investors.
Infotrieve Inc. Los Angeles Provides a Web-based research portal for scientific, technical, and medical fields. Company has raised $37M to date. Internet B $21.8 Trident Capital (led), Signal Equity Partners, Boston Millennia Partners.
Backyard Broadcasting Holdings LLC Baltimore, Md. Company was formed in July 2002 by Boston Ventures and media executive Barry Drake. Since its inception, Backyard has acquired 22 stations in five radio markets. Media $10.0 PCG Corporate Partners Fund.
Sana Security Inc. San Mateo, Calif. Provides network protection software. Company has raised over $22M since 2000. Security D $10.0 Bay Partners (led), El Dorado Ventures, Sevin Rosen Funds, The Entrepreneur’s Fund.
Thor Technologies New York Provides secure identity and access management services. Software C $15.0 Trident Capital (led), RBC Technology Ventures, Bain Capital Ventures, Boston Capital Ventures, Longworth Venture Partners
Actimize Inc. New York Develops business intelligence software. Company has raised $24M to date. Software C $10.0 FT Ventures (led), Carmel Ventures, Giza Venture Capital, Vertex Venture Capital.
Appilog Inc. New York Provides business service management software. Deal initially closed in June 2002, the round was expanded to include new investor Genesis. Software B $9.0 Cedar Fund (led), Genesis Partners, Delta Ventures, Poalim Capital Markets.
ART Advanced Recognition Technologies Atlanta Provides voice and handwriting recognition software. Software A $6.0 Bessemer Venture Partners (led).
Carbon Design Systems Waltham, Mass. Provides EDA software. Software B $10.0 Matrix Partners, Commonwealth Capital, Flagship Ventures.
ETrials Worldwide Inc. Morrisville, N.C. Provides software for clinical trials. This brings the round total to $5M. Software A $2.5 Newlight Associates (led).
DoOnGo Technologies Inc. San Jose, Calif. Provides wireless device software management. Software A $18.0 VantagePoint Venture Partners (led), Vertex Management, CDIB Ventures, Mitsui Venture Capital.
Egenera Inc. Marlborough, Mass. Provides data center infrastructure software. Company has raised $124M since 2000, including a $44M Series C in 2002 at a PMV of $171M. Software D $30.0 Technology Crossover Ventures (led), Kodiak Venture Partners, Goldman Sachs, Austin Ventures, CSFB Private Equity, Spectrum Equity Investors, Lehman Bros.
iLumin Software Services Inc. Reston, Va. Provides compliance and email archiving Software $8.5 Boulder Ventures (led), MidOcean Partners, Rock Creek Capital, Softbank , Wachovia Strategic Ventures.
NSite Software Inc. San Ramon, Calif. Provides enterprise software. The funding is expected to net $6M in final close. Software B $4.0 Worldview Technology Partners.
Tsunami Research Inc. St. Louis, Mo. Operates software company focused on hive computing. Investor Kevin Harr is formerly with Rational Software. Software A $2.3 Angel investor Kevin Harr.
Paratek Microwave Inc. Columbia, Md. Provides radio frequency tunable components. Company has raised nearly $70M to date. Wireless $15.0 Polaris Venture Partners (led), ABS Ventures, Investor Growth Capital, Novak Biddle Venture Partners, Morgenthaler Ventures.