Recently Announced Venture Capital Deals
Issuer | Round Close | Round # | Amount (M) | Lead Investors |
AmpliMed Corp. Tucson, Ariz. Develops cancer chemotherapies. Company has raised nearly $15M since last year. | Biotech | C | $9.2 | Solstice Capital, Valley Ventures, Village Ventures. |
Panacos Pharmaceuticals Inc. Gaithersburg, Md. Develops drugs and vaccines that target HIV. Company has raised more than $26M since 2000, including a $5M infusion in 2002 at a PMV of $10M. | Biotech | C | $18.3 | Ampersand Ventures (co-led), A.M. Pappas (co-led), The Maryland Department of Business and Economic Development, Mitsui & Co. Venture Partners, Novo A/S,New England Partners Capital, William Harris Investors, Lakeview Capital Management. |
NetCell Corp. San Jose, Calif. Fabless semiconductor company develops multiple channel RAID capability on a PC chip. Bob Ackerman of Allegis and Len Rand of Granite Ventures join the board. | Chips | B | $13.7 | Granite Ventures (co-led), Allegis Capital (co-led), August Capital, APV Technology Partners. |
Xanoptix Inc. Merrimack, N.H. Provides 3-D semiconductor integration and high-density parallel optics. Company has raised over $85M since its 2000 inception. | Chips | C | $15.2 | William Blair Capital Partners, EuclidSR Partners, Envest Ventures, Optical Partners. |
Broadband National Inc. Vero Beach, Fla. Provides broadband services. No additional information was disclosed. | Comm | A | $1.4 | NA |
CABC Inc. Dallas Provides digital media and online delivery solutions for communications. Company has raised $25M since 1999. | Comm | G | $10.0 | HO2 Partners, SAP Ventures, WaldenVC. |
Last Mile Connections Inc. New York Provides last-mile transport solutions for telecom carriers. Company has raised $41M since its 2001 inception. | Comm | C | $28.0 | One Equity Partners. |
Silverlink Communications Inc. Burlington, Mass. Provides voice applications for the health care industry. Peter Grua, managing partner of HLM, joins the company’s board. See story, page 3. | Comm | B | $5.6 | HLM Venture Partners (led), Sigma Partners, company management. |
Disc Dynamics Inc. Eden Prairie, Minn. Provides electronic medical records software. Funding is company’s first institutional funding, although Greenway raised more than $50M from individual investors. | Health Care | D | $24.0 | Unnamed strategic investor (led), Affinity Capital Management, St. Paul Venture Capital, Pequot Capital, Brightstone Capital. |
Greenway Medical Technologies Inc. Carrollton, Ga. Provides electronic medical records software. Funding is company’s first institutional funding, although Greenway raised more than $50M from individual investors. | Health Care | A | $20.0 | Investor Growth Capital. |
TrustWave Corp. Phoenix Provides security assessment and compliance solutions. | Security | A | $10.0 | FTVentures. |
PathScale Inc. Sunnyvale, Calif. Makes servers based on Linux technologies. Company has raised $29M since its 2001 inception, including a $12.5M Series B in 2003 at a PMV of $17M. | Servers | C | $15.0 | Adams Street Partners (led), Charles River Ventures, Enterprise Partners Venture Capital, CMEA Ventures, ChevronTexaco Technology Ventures, the Dow Employees Pension Plan. |
RLX Technologies Inc. The Woodlands, Texas Provides high-density, low-power, server platforms. Company has raised about $90M since 2001, including a $40M Series A infusion in 2000 at a PMV of $140M. | Servers | D | $12.0 | ABS Capital Partners (led), Austin Ventures, GM Capital Partners, Soros Private Equity Investors, Sternhill Partners, Ignition LLC, ComVentures, Erwin Investments, Cockrell Investment Partners. |
EMIDA Technologies Miami Provides electronic transactional networks and services. | Software | B | $5.0 | GRP Partners, Richard L. Scott Investments. |
Encover Inc. Mountain View, Calif. Provides sales service automation software. Company has raised around $18M since its 2000 inception. | Software | C | $11.0 | DCM-Doll Capital Management (led), Sigma Partners. |
IMlogic Inc. Waltham, Mass. Provides instant messaging software. Vladimir Jacimovic of Crosslink joins the board. Company has raised $33M since 2002 | Software | C | $16.0 | Crosslink Capital (led), Venrock Associates, Goldman Sachs, General Catalyst Partners, Kodiak Venture Partners. |
Indicative Software Fort Collins, Colo. Developes enterprise software. See story, page 7. | Software | A | $6.1 | Sequel Partners, Sutter Hill Ventures. |
ManageStar Inc. Walnut Creek, Calif. Provides an online system for property and facility managers to procure services. Company has raised $35M since 2000. | Software | F | $12.0 | Charter Venture Capital, Dominion Ventures, Foundation Capital. |
MAP ROI Systems Inc. Sterling, Va. Develops Web-based management solutions for government contractors. | Software | A | $2.6 | Novak Biddle Venture Partners. |
Systinet Corp. Cambridge, Mass. Provides Web services infrastructure software. Company has raised about $40M since 2001. | Software | F | $10.5 | Warburg Pincus. |
DiskSites Ltd. Tenafly, N.J. Provides an Internet storage service. Company has raised about $9M since 2000. | Storage | C | $3.5 | Tamir-Fishman Ventures, Proseed. |
Ivivity Inc. Atlanta Provides storage networking system technology. Company has raised more than $52M since 2000. | Storage | C | $26.0 | Grotech Capital Group (co-led), JK&B Capital (co-led), Mellon Ventures, H.I.G. Ventures, Commonwealth Capital Ventures, Kinetic Ventures, Cordova Ventures,Yamacraw, Bergman & Associates. |
Cyclics Corp. Schenectady, N.Y. Makes plastics. Company has raised more than $33M in equity and loans from angel investors since its 1999 inception. | Tech | A | $4.0 | Unnamed angel investors. |
Zebra Imaging Inc. Austin, Texas Provides holographic imaging. Company has raised $24M since 1996 from Ford Motor Co., Dupont and Nicholas Negroponte, founder of the MIT Media Lab. | Tech | D | $10.1 | Sierra Ventures (led), Voyager Capital, Stanford University, Nuevo Private Equities, Spaulding Investment, unnamed individual investors. |
Berkana Wireless Inc. Campbell, Calif. A fabless semiconductor company that provides silicon solutions for wireless connectivity. Company originally raised $12.8M in Series B in December 2002. | Wireless | B | $9.0 | Hotung Capital Management, unnamed return backers. |
Good Technology Inc. Sunnyvale, Calif. Provides wireless messaging and corporate data access. Company has raised about $150M since 2000, including $37M in two rounds last year. | Wireless | D | $45.0 | Crosslink Capital (led), BA Venture Partners, Benchmark Capital, Kleiner Perkins Caufield & Byers. |
Sirific Wireless Corp. Santa Rosa, Calif. Provides single-chip wireless devices. Company has raised $37M since 2000. See story, page 3. | Wireless | C | $17.0 | TD Capital Ventures (led), Intel Communications Fund, Agilent Technologies, Celtic House, BDC Venture Capital, GrowthWorks WV Funds. |
Sendia Corp. Santa Monica, Calif. Develops software for wireless enterprise communications. See story, page 7. | Wireless | A | $4.5 | Globespan Capital Partners (co-led), Mobius Venture Capital (co-led), Orion Wireless Investor, Digital Evolution. |