Week in deals, April 14, 2008

BIOTECH

AGI Dermatics

Freeport, N.Y.

www.agiderm.com

Amount/Round: $5M/NA

Investors: Spring Mountain Capital, Trevi Health Ventures.

Details: Develops drugs focused on skin repair and develops over-the-counter skincare products. The company raised $5.5M from undisclosed investors in 2006.

Alethia Biotherapeutics

Montreal

www.alethiabio.com

Amount/Round: $2.4M/NA

Investors: BDC Venture Capital, GO Capital Fund.

Details: Develops monoclonal antibodies for the treatment and prevention of severe bone loss, ovarian cancer and metastatic breast cancer.

Potentia Pharmaceuticals Inc.

Louisville, Ky.

www.potentiapharma.com

Amount/Round: $12M/NA

Investors: HealthCare Ventures (led), MASA Life Science Ventures.

Details: Develops drugs for the treatment of age-related macular degeneration.

Quark Pharmaceuticals Inc.

Fremont, Calif.

www.quarkpharma.com

Amount/Round: $27M/NA

Investors: SBI Holding Inc.

Details: Develops RNA interference-based therapeutics to treat diseases associated with oxidative stress. The company last year withdrew registration for an $80M IPO, citing unfavorable market conditions.

CHIPS

Kleer Corp.

Cupertino, Calif.

www.kleer.com

Amount/Round: $28M/B

Investors: BDC Venture Capital (co-led), TL Ventures (co-led), U.S. Venture Partners, VenGrowth.

Details: A fabless maker of wireless audio ICs.

SiBeam Inc.

Sunnyvale, Calif.

www.sibeam.com

Amount/Round: $40M/C

Investors: New Enterprise Associates (led), Foundation Capital, U.S. Venture Partners.

Details: Develops semiconductor systems solutions for wireless platforms. The company had previously raised about $31M in funding.

CLEANTECH

Brighter Planet

Middlebury, Vt.

www.brighterplanet.com

Amount/Round: NA/B

Investors: Crow Hill Ventures.

Details: Provides technology solutions for helping consumers monitor and reduce their carbon footprints. The company, founded in 2006, raised $500K in a Series A round.

eMeter Corp.

San Mateo, Calif.

www.emeter.com

Amount/Round: $12.5M/NA

Investors: Siemens Corp. (led), Foundation Capital, DBL Investors.

Details: Develops wireless technology for the energy metering industry. The company had previously raised about $14M.

Standard Renewable Energy

Houston

www.sre3.com

Amount/Round: $7M/B

Investors: The Quercus Trust.

Details: Provides energy efficiency and renewable energy solutions for homes and businesses. The company raised an $8M Series A round last year from Standard Renewable Energy Group.

COMMUNICATIONS

KoolSpan Inc.

Bethesda, Md.

www.koolspan.com

Amount/Round: $7.1M/C

Investors: Security Growth Partners (led), TWJ Capital, Rose Tech Ventures and members of New York Angels.

Details: Provides connectivity solutions for uniting mission-critical network devices. The company has now raised more than $21M.

CONSUMER INTERNET

Better World Books

Mishawaka, Ind.

www.betterworld.com

Amount/Round: $4.5M/A

Investors: Good Capital (led) and individual investments.

Details: An online bookseller that uses some of its profits to help fund global literacy initiatives. Good Capital led the round with a $2.5M investment.

Covestor

New York

www.covester.com

Amount/Round: $6.5M/A

Investors: Spark Capital, Union Square Ventures, Amadeus Capital and individual investors Howard Lindzon and John Borthwick.

Details: Operates a social networking company that allows amateur stockpickers to show off their portfolios. Todd Dagres of Spark, and Albert Wenger of Union Square Ventures, have joined the board of the company, which also has operations in London.

Flixster Inc.

San Francisco

www.flixster.com

Amount/Round: $5M/B

Investors: Pinnacle Ventures, Lightspeed Venture Partners.

Details: Operates a film-centric social network. The funding is the first tranche of an $8M Series B round, according to a regulatory filing. The company had previously raised $2M.

Redux Inc.

Berkeley, Calif.

www.redux.com

Amount/Round: $6.5M/B

Investors: Alsop Louie Partners, Draper Fisher Jurvetson.

Details: Operates a social networking website for people to engage in online and offline activities. The company was co-founded by Darian Shirazi and David McIntosh, who previously worked together to create mobile photo sharing site Fotodunk.

Yardbarker

Emeryville, Calif.

www.yardbarker.com

Amount/Round: $6M/B

Investors: Draper Fisher Jurvetson (led), Labrador Ventures, Baseline Ventures and individual investors Russ Siegelman, Ronnie Lott and Jarl Mohn,

Details: Operates an online sports community and branded vertical ad network. Josh Stein, managing director at DFJ, has joined the board.

FINANCIAL

Marketcetera Inc.

Redwood City, Calif.

www.marketcetera.com

Amount/Round: $4M/A

Investors: Shasta Ventures and individual investors, including Clarium Capital’s Jack Selby.

Details: Develops an open-source platform for automated trading.

HEALTH CARE

ArtusLabs

Durham, N.C.

www.artuslabs.com.

Amount/Round: $2.6M/A

Investors: Hatteras Venture Partners (led), Southern Capitol Ventures.

Details: Provides life science software tools and data management solutions.

TargetRx Inc.

Horsham, Penn.

www.targetrx.com

Amount/Round: $9.6M/NA

Investors: Quaker BioVentures, New Enterprise Associates, Domain Associates.

Details: Develops an Internet information exchange among physicians for the pharmaceutical industry. Richard Kollender, a partner at Quaker, is chairman of the board.

INTERNET

Coremetrics Inc.

San Mateo, Calif.

www.coremetrics.com

Amount/Round: $60M/E

Investors: 3i Group (led), Accel Partners, FTVentures, Highland Capital Partners.

Details: Provides on-demand Web analytics and marketing solutions. The company previously raised $114M in total funding since 1999.

LIGHTING

Bridgelux Inc.

Sunnyvale, Calif.

www.bridgelux.com

Amount/Round: $40M/D

Investors: VentureTech Alliance (led), DCM, El Dorado Ventures, VantagePoint Venture Partners, Chrysalix Energy Venture Capital, Harris & Harris Group.

Details: Develops light emitting diode technology for use in camera flashes and retail displays. The round includes a $10M line of credit.

Illumitex Inc.

Austin, Texas

www.illumitex.com

Amount/Round: $5.25M/B

Investors: New Enterprise Associates, Aweida Capital, DFJ Mercury.

Details: Provides solid-state lighting solutions.

MARKETING

Fishbowl Inc.

Alexandria, Va.

www.fishbowl.com

Amount/Round: $12M/A

Investors: Valhalla Partners, Edison Venture Fund.

Details: Provides on-demand marketing solutions for the restaurant industry. The company raised more than $7M last year.

MarketTools Inc.

San Francisco

www.markettools.com

Amount/Round: $18.3M/E

Investors: Advanced Equities.

Details: Provides on-demand market research. The company had previously raised more than $80M.

RichRelevance

San Francisco

www.richrelevance.com

Amount/Round: $4.2M/B

Investors: Greylock Partners, Tugboat Ventures, Draper Fisher Jurvetson, Draper Richards.

Details: Provides merchandising and personalized recommendations for ecommerce websites.

Undertone Networks

New York

www.undertone-inc.com

Amount/Round: NA/NA

Investors: JMI Equity, Orix Venture Finance.

Details: Provides online advertising services.

MED TECH

CoAxia Inc.

Maple Gove, Minn.

www.coaxia.com

Amount/Round: $11.5M/C

Investors: Canaan Partners (co-led), Prism VentureWorks (co-led), Baird Venture Partners, Affinity Capital Management, Johnson and Johnson Development Corp., SVB Capital Partners.

Details: Develops intravascular devices to treat patients during the events of stroke and shock. The company has now raised about $52M in funding since 2000.

Synvascular Inc.

Palo Alto, Calif.

URL NA

Amount/Round: $6.5M/A

Investors: Kleiner Perkins Caufield & Byers, InterWest Partners.

Details: A medical device startup. Company executives include Gordon Saul, an executive-in-residence with InterWest.

IlluminOss Medical Inc.

East Providence, R.I.

www.illuminoss.com

Amount/Round: $11M/B

Investors: New Leaf Ventures, Foundation Medical Partners.

Details: Develops minimally invasive devices for the treatment of bone fractures.

OIL & GAS

DeepFlex Inc.

Houston

www.deepflex.com

Amount/Round: $33M/C

Investors: Nomura Private Equity (led), Heico Acquisitions, Promon International, Altira Group, Energy Ventures, CTTV Investments.

Details: Makes non-metallic flexible pipes for applications in deepwater oil and gas exploration and production.

SECURITY

Fidelis Security Systems

Bethesda, Md.

www.fidelissecurity.com

Amount/Round: $22M/B

Investors: Tudor Ventures (led), Point Judith Capital, Ascent Venture Partners, Inflection Point Ventures, Maryland Department of Business and Economic Development.

Details: Provides enterprise network security. Rick Ganong, general partner of Tudor Ventures, and David Martirano, general partner of Point Judith Capital, have joined the board.

iControl Networks Inc.

Palo Alto, Calif.

www.apertonet.com

Amount/Round: $15.5M/B

Investors: Kleiner Perkins Caufield & Byers (led), backers Intel Capital, Charles River Ventures.

Details: Provides home security solutions. The company raised a $5M Series A round in 2006 from Intel Capital and Charles River Ventures.

Imperva Inc.

Foster City, Calif.

www.imperva.com

Amount/Round: $20M/D

Investors: Meritech Capital Partners (led), Accel Partners, Greylock Partners, U.S. Venture Partners, Venrock Associates.

Details: Provides application data security solutions. The company previously raised $34M.

Imprivata Inc.

Lexington, Mass.

www.imprivata.com

Amount/Round: $15M/C

Investors: SAP Ventures (led), General Catalyst Partners, Highland Capital Partners, Polaris Venture Partners.

Details: Develops identity authentication management technology.

Reveal Imaging Technologies Inc.

Bedford, Mass.

www.revealimaging.com

Amount/Round: $20M/NA

Investors: Brown Brothers Harriman (led), Greylock Partners, General Catalyst Partners, Flybridge Capital Partners.

Details: Develops explosives detection systems for airports.

SOFTWARE

Intelliworks Inc.

Rockville, Md.

www.intelliworks.com

Amount/Round: $4M/C

Investors: RedShift Ventures, Novak Biddle, Columbia Capital.

Details: Provides customer relationship management and marketing software.

Lattice Engines Inc.

Boston

www.lattice-engines.com

Amount/Round: $1.7M/A

Investors: Battery Ventures.

Details: Develops business decision analytics software.

PowerSteering

Cambridge, Mass.

www.powersteeringsoftware.com

Amount/Round: $3.5M/NA

Investors: MMV Financial, Advent International, Hudson Ventures.

Details: Provides project portfolio management software. Part of the funding was venture debt.

SpikeSource Inc.

Redwood City, Calif.

www.spikesource.com

Amount/Round: $10M/C

Investors: Intel Capital, CMEA Ventures, DAG Ventures, Fidelity Venture Partners, Kleiner Perkins Caufield & Byers.

Details: Provides open-source software services. The company had previously raised nearly $38M.

TECHNOLOGY

Senscient Inc.

Houston

www.senscient.com

Amount/Round: $5.6M/B

Investors: Emerald Technology Ventures, Yellowstone Capital Partners.

Details: Develops laser diode spectroscopy solutions.

WIRELESS COMMUNICATIONS

Aperto Networks Inc.

Milpitas, Calif.

www.apertonet.com

Amount/Round: $20M/NA

Investors: Quicksilver Ventures (led), Gunn Allen Venture Partners, JK&B Capital, Canaan Partners, Alliance Ventures, Innovacom, JAFCO Ventures, Labrador Ventures.

Details: Develops broadband wireless access systems. The company has now raised about $160M in total VC funding since its 1998 inception.

Vlingo Corp.

Cambridge, Mass.

www.vlingo.com

Amount/Round: $20M/B

Investors: Yahoo Inc. (led), Charles River Ventures, Sigma Partners.

Details: Develops voice recognition technology for mobile applications.