Week in deals, April 12, 2010

AUTOMOTIVE

Coda Automotive

Santa Monica, Calif.

www.codaautomotive.com

Amount/Round: $394M/NA

Investors: Bank of Tianjin Joint-Stock Co. and undisclosed investors.

Details: Develops all-electric cars. The deal includes $100M in equity from undisclosed backers and a $294M line of credit commitment from the Bank of Tianjin Joint-Stock Co. The company, which is in joint venture with Lishen Power Battery, previously raised more than $75M in VC funding from the Angeleno Group, company founder Miles Rubin, Mac Heller (Coda co-chair), Kevin Czinger (Coda president and CEO),Hank Paulsen (former U.S. Treasury Secretary), John Bryson (ex-Edison International CEO), Mack McLarty (former chief of staff for President Clinton) and Thomas Steyer (founder of Farallon Capital Management).

CLEANTECH

Amyris Biotechnologies Inc.

Emeryville, Calif.

www.amyrisbiotech.com

Amount/Round: $47.8M/NA

Investors: Temasek Holdings.

Details: Develops renewable hydrocarbon biofuels. The company previously raised just under $200M from Kleiner Perkins, Khosla Ventures, TPG Biotechnology, Votorantim Novos Negocios, Advanced Equities Inc., DAG Ventures, Grupo Cornélio Brennand, Naxos UK, The Westly Group and Stratus Group.

Applied Quantum Technology

Santa Clara, Calif.

www.aqtsolar.com

Amount/Round: $10M/NA

Investors: NA

Details: Develops low-cost copper-indium-gallium-diselenide thin-film solar cells. The company, which also announced a partnership with equipment maker Intevac, has now raised $15M in venture funding.

EcoFactor Inc.

San Carlos, Calif.

www.ecofactor.com

Amount/Round: $3.5M/A

Investors: RockPort Capital Partners and Claremont Creek Ventures.

Details: Provides automated residential energy management software. The company previously raised $2.4M from Claremont Creek Ventures.

Sakti3 Inc.

Ann Arbor, Mich.

www.sakti3.com

Amount/Round: $7M/B

Investors: Beringea and Khosla Ventures.

Details: Develops lithium-ion batteries.

CONSUMER INTERNET

LearnVest Inc.

New York

www.learnvest.com

Amount/Round: $4.5M/A

Investors: Accel Partners (led), Richmond Management, Rose Tech Ventures and members of Circle Financial Group.

Details: Operates a personal finance website for women.

EDUCATION

Latimer Education Inc.

Washington, D.C.

www.latimereducation.com

Amount/Round: $1.25M/NA

Investors: Maveron and undisclosed individual investors.

Details: Operates a for-profit online education company focused on African-American students.

FINANCIAL

Cardlytics Inc.

Atlanta

www.cardlytics.com

Amount/Round: $4M/debt

Investors: Gold Hill Capital.

Details: Develops software solutions for banks and marketers. The company previously raised more than $8M in VC funding from Canaan Partners, Polaris Venture Partners and Total Technology Ventures.

Derivix Corp.

New York

www.derivix.com

Amount/Round: NA/NA

Investors: J.P. Morgan and S.A.C. Venture Investments.

Details: Provides pricing and analytics solutions to the options trading market. The company previously raised $6.7M in Series A funding from Goldman Sachs and Susquehanna Growth Equity.

Prosper.com

San Francisco

www.prosper.com

Amount/Round: NA/D

Investors: NA

Details: Operates a peer-to-peer online lending marketplace. The company reports that the Series D round of funding is between $13.3M and $15.8M. The company previously raised more than $40M from Accel Partners, Benchmark Capital, Omidyar Network, DAG Ventures and Volition Capital (f.k.a. Fidelity Ventures).

YCharts

Chicago

www.ycharts.com

Amount/Round: NA/A

Investors: Hyde Park Angels, Illinois Innovation Accelerator Fund (I2A), Amicus Capital and Social Leverage.

Details: Operates an online financial stock research engine.

FOOD & BEVERAGES

Adina for Life Inc.

San Francisco

www.adinaworld.com

Amount/Round: $14M/D

Investors: CIC Partners (led), Sherbrooke Capital, Pacific Community Ventures, Good Capital and Seraph.

Details: Produces organic coffee drinks and tea beverages. The company has now raised more than $24M in funding.

GAMING

Tiny Speck

San Francisco

www.tinyspeck.com

Amount/Round: $5M/A

Investors: Accel Partners (led) and Andreessen Horowitz.

Details: Operates an online gaming startup. The company, launched by Flickr co-founder Stewart Butterfield, previously raised $1.5M in seed funding.

INTERNET MARKETING

[x+1]

New York

ww.xplusone.com

Amount/Round: $10M/credit

Investors: Silicon Valley Bank.

Details: Provides predictive online marketing services. The company previously raised more than $16M in VC funding from Advanced Technology Ventures, Hudson Venture Partners and Blue Chip Venture Co.

MED TECH

Reverse Medical Corp.

Irvine, Calif.

www.reversemed.com

Amount/Round: $14M/B

Investors: Wexford Capital, Getz Bros., BioStar Ventures, Early Stage Partners and Emergent Medical Partners. Return backers included NBGI Ventures, MedFocus Funds and South Australian Life Science Advancement Partnership.

Details: Develops technologies and devices for treating acute ischemic strokes. The company previously raised $3M in funding from HBM BioVentures AG and Japan Asia Investment Co.

Signostics Inc.

Palo Alto, Calif.

www.signosticsmedical.com

Amount/Round: $5M/NA

Investors: NA

Details: Develops palm-sized ultrasound devices for medical applications. The company previously raised $14M from Brandon Capital Partners, Playford Capital and Terra Rossa Capital. The company also maintains offices in Australia.

PHARMACEUTICALS

Achaogen Inc.

San Francisco

Amount/Round: $65M/C

www.achaogen.com

Investors: Frazier Healthcare Ventures (led), Alta Partners and return backers 5AM Ventures, ARCH Venture Partners, Domain Associates, Venrock Associates, Versant Ventures and the Wellcome Trust.

Details: Develops antibiotics to treat life-threatening, multi-drug resistant bacterial infections. The company previously raised about $42M in funding.

Altheos Inc.

South San Francisco

www.altheos.com

Amount/Round: $20M/A

Investors: Bay City Capital (led), Novo AS, Canaan Partners, Life Science Angels and Atheneos Capital.

Details: Develops an eye drop therapy for glaucoma and ocular hypertension.

Selecta Biosciences Inc.

Watertown, Mass.

www.selectabio.com

Amount/Round: $15M/C

Investors: OrbiMed Advisors (led), Polaris Venture Partners, Flagship Ventures, NanoDimension and Leukon Investments.

Details: Develops synthetic nanoparticle vaccines. The company previously raised $17.4M in funding.

SEMICONDUCTORS

Shocking Technologies Inc.

San Jose, Calif.

www.shockingtech.com

Amount/Round: $5.2M/B

Investors: Arch Ventures, ATA ventures, Balch Hill Capital, Vista Ventures and SkyLake Incuvest & Co.

Details: Develops voltage switchable dielectric materials. The funding brings the Series B round total to $13.2M and the company’s total equity funding to $30.3M.

SOFTWARE

Damballa Inc.

Atlanta

www.damballa.com

Amount/Round: NA/C

Investors: GRA Venture Fund.

Details: Develops Internet security software focused on bot armies. The company raised $8.5M from InterWest Partners, Noro-Moseley Partners and Sigma Partners.

InsideView Technologies Inc.

San Francisco

www.insideview.com

Amount/Round: $11.5M/B

Investors: Emergence Capital Partners, Rembrandt Venture Partners and Greenhouse Capital Partners.

Details: Develops sales performance software. The company previously raised just under $14M in funding.

L2C Inc.

Atlanta

www.l2cinc.com

Amount/Round: NA/A

Investors: QED Investors and McGovern Enterprises.

Details: Provides consumer risk evaluation and identification software solutions.

MokaFive

Redwood City, Calif.

www.mokafive.com

Amount/Round: $21M/C

Investors: NGEN Partners (led), Khosla Ventures and Highland Capital.

Details: Provides virtual desktop management services for the enterprise.

MuleSoft Inc.

San Francisco

www.mulesoft.com

Amount/Round: $12M/C

Investors: SAP Ventures (led), Bay Partners, Hummer Winblad Venture Partners, Morgenthaler Ventures and Lightspeed Venture Partners.

Details: Develops open source Internet infrastructure software and services.

Reflexis Systems Inc.

Dedham, Mass.

Amount/Round: $3M/debt

Investors: Velocity Financial Group.

Details: Provides retail execution management software solutions for retailers. The company previously raised $10M from FirstMark Capital.

Telarix Inc.

Vienna, Va.

www.telarix.com

Amount/Round: $20M/NA

Investors: Brown Brothers Harriman

Details: Provides interconnect business optimization software for global telecom carriers. The company previously raised about $15M from Edison Venture Fund and RedShift Ventures.

STORAGE

Box.net Inc.

Palo Alto, Calif.

www.box.net

Amount/Round: $15M/C

Investors: Scale Venture Partners (led), Draper Fisher Jurvetson and U.S. Venture Partners.

Details: Provides an online storage system. The company had previously raised about $14.5M in funding.

Violin Memory Inc.

Mountain View, Calif.

www.vmem.com

Amount/Round: NA/NA

Investors: Toshiba Corp.

Details: Develops Flash memory enterprise systems. A regulatory filing in January indicated that the company had raised about $16M of a possible $27M funding round.

WIRELESS COMMUNICATIONS

NearVerse Inc.

Philadelphia

www.nearverse.com

Amount/Round: $1M/seed

Investors: Meakem Becker Venture Capital.

Details: Develops Internet Protocol network application services to speed up mobile Internet services. The company was co-founded by Vic Singh, a former associate with RRE Ventures, and Boris Bogatin, a telecom executive who spent the better part of the last decade at MSV and Skyterra.

Stitcher Inc.

San Francisco

www.stitcher.com

Amount/Round: $6M/B

Investors: Benchmark Capital (led), New Atlantic Ventures and individual investors Ron Conway and Ed Scott.

Details: Provides links to radio programming on mobile devices. The company previously raised about $1.7M in funding.

Toura

New York

www.toura.com

Amount/Round: $1.5M/seed

Investors: Undisclosed individual investors.

Details: Provides multi-media tour applications on mobile devices for the travel and tourism industry.

VIDEO

Vidyo Inc.

Hackensack, N.J.

www.vidyo.com

Amount/Round: $25M/C

Investors: Four Rivers Group (led), Menlo Ventures, Rho Ventures, Seven-Rosen Funds and Star Ventures.

Details: Provides videoconferencing solutions over the Internet. The company has now raised $63M in total VC funding since 2005.