Recently Announced Venture Capital Deals
| Issuer | Category | Round # | Amount (M) | Lead Investors |
| Altus Pharmaceuticals Inc. Cambridge, Mass. Develops drugs focused on focused on gastrointestinal and metabolic diseases. Company has secured more than $100M in VC funding since its 1993 inception, including a $50M Series B in late 2001 at a PMV of about $76M. | Biotech | C | $51.0 | Warburg Pincus (led), U.S. Venture Partners, Nomura Phase4 Ventures, BankInvest, CMEA Ventures, Clariden Bank. |
| Plextronics Inc. Pittsburgh Makes conductive polymers. Company has raised $4.6M since 2002. | Biotech | B | $3.4 | Smithfield Trust Co. (led), Innovation Works, Pennsylvania Department of Community and Economic Development, angel investors. |
| Plexxikon Inc. Berkeley, Calif. Operates a research drug company. Funding increases Series B to $46M. | Biotech | B | $15.0 | Yamanouchi Ventures Corp., NIF Ventures, Advanced Technology Ventures, A.M. Pappas & Associates, Alta Partners, CW Ventures, GIMV, Walden International. |
| Cradle Technologies Inc. Mountain View, Calif. Produces a microprocessor platform for stream processing applications. Company has raised more than $83M since 2000, including a $9.5M infusion in 2001 at a PMV of $54M. Investor Growth led the round with $7M. | Chips | E | $12.0 | Investor Growth Capital (led), Charter Venture Capital, East Gate Capital Management, Prodea, NeoCarta Ventures, Smart Technology Ventures. |
| Integrated Materials Inc. San Jose, Calif. Makes products for semiconductor diffusion processes. | Chips | B | $8.5 | Alloy Ventures, Labrador Ventures, Rocket Ventures. |
| KeyEye Communications Inc. Sacramento, Calif. Chip design company develops receivers. Company has raised more than $21M since 2002 | Chips | B | $15.0 | Menlo Ventures (led), American River Ventures, Blueprint Ventures. |
| Tacit Networks Inc. South Plainfield, N.J. Provides remote office IT solutions. Investor CTTV is the the VC arm of ChevronTexaco. Company has raised about $24M since its 2000 inception. See story, page 10. | Comm | B | $16.9 | JPMorgan Partners (led), CTTV Investment, Canaan Partners, RRE Ventures, SAS Investors. |
| MessageOne Inc. Austin, Texas Develops email software. | C-1 | $11.0 | QuestMark Partners (led), RRE Ventures, Impact Venture Partners, StarVest Partners. | |
| Plaxo Inc. Mountain View, Calif. Provides email contact management software. Company has raised about $19M since 2002. | C | $7.0 | Cisco Systems Inc., Sequoia Capital, Globespan Ventures, angel investors. | |
| Disc Dynamics Eden Prairie, Minn. Develops polymner disc technology for backs. | Med Tech | D | $24.0 | Affinity Capital Management, Brightstone Capital, Pequot Capital Management, St. Paul Venture Capital. |
| Evalve Inc. Redwood City, Calif. Provides medical devices for the endovascular repair of cardiac valves. Guidant’s investment includes a $15M infusion, plus additional investments based on Evalve achieving certain milestones. Company has raised more than $57M since 1997, including a $15.9M Series B in 2001 at a PMV of $36M. | Med Tech | C | $35.0 | Guidant Corp. (led), New Enterprise Associates, Delphi Ventures, St. Paul Venture Capital, Three Arch Partners, Cutlass Capital, ABS Ventures. |
| GI Dynamics Inc. Newton, Mass. Medican device company focused on obesity. Jonathan Osgood of Cutlass Capital joins the board. | Med Tech | B | $12.0 | Cutlass Capital (led), Advanced Technology Ventures, Angel Healthcare Investors, Catalyst Health & Technology Partners, Domain Associates, Polaris Venture Partners, Seedling Enterprises. |
| Swissray International Inc. Elizabeth, N.J. Makes X-ray equipment for radiological applications. Company recived a $5M infusion last November. | Med Tech | B | $12.5 | 3i Group, Audax Group, Commonwealth Capital Ventures. |
| NeoPhotonics Inc. San Jose, Calif. Nano-materials maker. Deal is a recap for the company, which was spun out 18 months ago. See story, page 1. | Nano | A | $45.0 | Viventures Partners, Institutional Venture Partners, Draper Fisher Jurvetson, ATA Ventures, Rockport Capital Partners, Harris & Harris Group, Ventana Global Capital, Linkmore Ltd., Alps Information Technology Fund, Oak Investment Partners. |
| E-Security Inc. Vienna, Va. Provides security management software and services. Company has raised more than $35M, including a $10M infusion in 2002 at a PMV of $30M. | Security | C | $5.0 | Fidelity Ventures, FTVentures, Advanced Technology Ventures, Updata Partners, Knickerbocker. |
| Secure Software Inc. McLean, Va. Provides software security auditing services. | Security | A | $5.3 | Charles River Ventures, Valhalla Partners. |
| DecisionPoint Software San Mateo, Calif. Provides financial performance management software. See story, page 7. | Software | B | $5.0 | Battery Ventures. |
| Epiance Corp. Herndon, Va. Provides business process improvement software. Company has raised more than $13M since 1999 and will relocate to Milipitas, Calif., in June. | Software | B | $7.5 | Norwest Venture Partners (led), Outlook Ventures. |
| Golden Gate Technology Inc. San Jose, Calif. Provides electronic design software. Carl Showalter of Lightspeed and John Hall of Horizon joined the board. | Software | A | $9.0 | Lightspeed Venture Partners, Horizon Ventures. |
| GroundWork Open Source Solutions Inc. Oakland, Calif. Provides open source IT management solutions. See story, page 3. | Software | A | $3.0 | Canaan Partners. |
| INEA Corp. Toronto Provides financial performance management software. Kevin Talbot of RBC joins the board. | Software | B | $7.5 | EdgeStone Capital Partners, Apax Partners, RBC Technology Ventures. |
| ItemField Inc. San Mateo, Calif. Makes enterprise software. Warren Weiss, general partner at Foundation, joins the board. Company raised $4M last year. | Software | B | $13.5 | Foundation Capital (led), Accel Partners, Evergreen Partners, Fourteam, Gemini Israel Funds. |
| ManageStar Inc. Walnut Creek, Calif. Provides delivery management software and services. Company has raised more than $35M since its 1999 inception, including an early stage $8.5M infusion in 2000 at a PMV of $23M. | Software | E | $12.0 | Canaan Partners (led), Foundation Capital, Dominion Ventures, Charter Venture Capital. |
| Paisley Consulting Kokato, Minn. Provides business accountability software. This is company’s first institutional round of funding since its 1995 inception. | Software | A | $10.0 | Insight Venture Partners. |
| Tealeaf Technology Inc. San Francisco Provides business analytics software. Company has raised more $44M since 1999. | Software | D | $8.0 | SAP, Matrix Partners, Bay Partners, Foundation Capital. |
| Millennial Net Inc. Cambridge, Mass. Provides wireless mesh networking systems. Investor BCE is the VC arm of Bell Canada. Company has riased about $21M to date. | Wireless | B | $15.0 | BCE Capital (led), General Catalyst Partners, Globespan Capital Partners, Kodiak Venture Partners. |
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