Recently Announced Venture Capital Deals
Issuer | Category | Round # | Amount (M) | Lead Investors |
Amicus Therapeutics Inc. New Brunswick, N.J. Develops therapeutics to treat genetic disorders. The company has previously raised about $10M. | Biotech | B | $31.0 | Canaan Partners (led), Frazier Healthcare Ventures, New Enterprise Associates, Prospect Venture Partners, Radius Venture Partners, CHL Medical Partners. |
Automated Cell Inc. Pittsburgh Researches human genes andÊtheir protein products. | Biotech | D | $100.0 | Undisclosed investor. |
Ensemble Discovery Corp. Cambridge, Mass. Uses DNA molecules to direct synthesis of organic compounds. Company was founded by Flagship and Professor David Liu of Harvard University. | Biotech | A | $15.0 | Flagship Ventures, ARCH Venture Partners, Oxford Bioscience Partners. |
Simpler Networks Inc. Montreal Uses DNA molecules to direct synthesis of organic compounds. Company was founded by Flagship and Professor David Liu of Harvard University. | Comm | A | $15.0 | Flagship Ventures, ARCH Venture Partners, Oxford Bioscience Partners. |
Tasman Networks San Jose, Calif. Makes network routers. | Comm | G | $14.0 | Parker Price Venture Capital (led), New Enterprise Associates, Mayfield. |
MathStar Inc. Minneapolis Semiconductor company developing digital signal processing methodology. Company has raised more than $52M to date. | Chips | C | $9.6 | Unnamed investors. |
NetEffect Inc. Austin, Texas Fables semiconductor company. Company has raised $66M since 1999 inception, including a $35M infusion in 2001 at a PMV of about $88M. | Chips | A | $22.0 | TL Ventures (led), Granite Ventures, TI Ventures, Duchossois Technology Partners, Austin Ventures, JatoTech Ventures, Infinity Capital. |
MiasolZ |
Energy | A | $5.4 | VantagePoint Venture Partners (led) Firelake Strategic Technology Fund, Garage Technology Ventures, Nippon Kouatsu Electric Co., Venture Banking Group. |
WildTangent Inc. Redmond, Wash. Publishes online games. Steve Baloff, a general partner with ATV, joins the board. Company has raised more than $67M since 1998, including a $34M Series C deal in late 2000 at a PMV of $140M. | Gaming | D | $16.5 | Advanced Technology Ventures (led), Greylock, Madrona Venture Group, New Millennium Partners, IDG Ventures, Venture Law Group, Washington Mutual Inc. |
FreedomPay Inc. Wayne, Penn. Provides Internet shoppers with cashless payment systems. Company previously raised $18M, including an $8M infusion in 2001 at a PMV of about $25M. | Internet | B | $7.0 | Goldman Sachs Group, Nokia Venture Partners. |
Omniture Inc. Orem, Utah Provides Web analytics used by online marketers. Hummer Winblad partner Mark Gorenberg joins the board. | Internet | B | $14.0 | Hummer Winblad Venture Partners. |
ON24 Inc. San Francisco Provides video streaming services. Company has raised about $40M since its 1998 inception, most recently a $5M infusion in 2002. | Internet | E | $3.3 | Rho Management. |
InSound Medical Inc. Newark, Calif. Provides minimally invasive hearing devices. Since 1998, company has raised about $39M, including a $10M infusion last year, at a PMV of $44M. | Med tech | D | $17.2 | DeNovo Ventures (co-led), Johnson & Johnson Development Corp. (co-led), Psilos Group Management, East Gate Capital, Piper Jaffray Ventures, Essex Woodlands Health Ventures, Jacobs Capital Partners. |
PhotoThera Inc. Carlsbad, Calif. Develops light therapy systems for the treatment of musculoskeletal injuries. Raised $1.5M in 2001 from California Technology Ventures and Hamilton Apex. | Med tech | B | $19.0 | Delphi Ventures, DeNovo Ventures, Vertical Group, Hamilton Apex Ventures, Solstice Capital. |
Sleep Solutions Inc. Palo Alto, Calif. Develops systems for the diagnosis and therapy of adult sleep disorders. Company has raised $27M tro date, including a $7M infusion in 2002 at a PMV of $32M. | Med tech | D | $400.0 | Johnson & johnson Development Corp., MedVenture Associates, WTI Ventures. |
Spinal Kinetics Redwood City, Calif. Develops products for spinal surgery. | Med tech | A | $10.0 | BA Venture Partners, DeNovo Ventures, HLM Venture Partners. |
Nevis Networks Inc. Santa Clara, Calif. Provides enterprise security. Company previously raised a $10M Series A round in April 2003. | Security | B | $10.0 | Nokia Venture Partners (led), New Path Ventures. |
Sensory Networks Inc. Palo Alto, Calif. Develops network security products. | Security | B | $6.0 | JAFCO Investments Asia (led), Technology Venture Partners, DB Capital Partners Ericsson- Deutsche Technology Fund. |
Blazent Inc. San Mateo, Calif. Develops business intelligence software. StarVest’s Jeanne Sullivan joins the board. Company has raised $23M. | Software | $10.0 | StarVest Partners (led), Bain Capital, Benchmark Capital, Dali Hook Partners, Pequot Ventures. | |
Intalio Inc. San Mateo, Calif. Provides e-business infrastructure software. Company has taised about $45M since 1999. | Software | C | $11.0 | Cargill Ventures (led), Woodside Fund, 3i, XML Fund, SAP Ventures, Sippl MacDonald Ventures. |
IQS Inc. Cleveland Develops quality performance management software. Apex has invested $3 million into IQS, and the most recent infusion completes the company’s Series A. | Software | A | $1.0 | Apex Venture Partners. |
Lexia Learning Systems Lincoln, Mass. Provides reading skills and cognitive software, | Software | A | $2.0 | Albert and Katherine Merck. |
Micro Power Electronics Inc. Hillsboro, Ore. Provides battery packs for computer hardware. | Tech | A | $9.0 | Sierra Ventures, Silicon Valley Bank., Ridge Capital Partners |
Purcell Systems Liberty Lake, Wash. Makes modular cabinetry for wireless devices. See story, page 8. | Wireless | B | $16.0 | Weston Presidio Capital Management. |