Week in deals, August 3, 2009


Mixamo Inc.

San Francisco


Amount/Round: $4M/A

Investors: Granite Ventures and Keynote Ventures.

Details: Provides online service for customizing and creating character animation.


Coda Automotive

Santa Monica, Calif.


Amount/Round: $24M/B

Investors: Angeleno Group and individual investors Miles Rubin (company founder), Mac Heller (co-chair of the company), Kevin Czinger (president and CEO of the company), 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).

Details: Makes electric cars and battery systems. The company plans to develop an electric car to be introduced next year.


Applied Process Technology

Pleasant Hill, Calif.


Amount/Round: NA/NA

Investors: Kleiner Perkins Caufield & Byers

Details: Develops water-remediation technology. In August 2007, the company raised a little more than $1M of a targeted $8M round, according to a regulatory document. That document lists Kinetics Systems Inc., Rawson Investment and SEACOR Capital Corp. as beneficial owners of the company.

Blue Spark Technologies Inc.



Amount/Round: NA/B

Investors: Early Stage Partners and SunBridge Partners.

Details: Makes thin, flexible, green-printed industrial batteries. The funding is a first close on the Series B, which is targeted at $5M, according to a regulatory filing.

General Fusion

Burnaby, British Columbia


Amount/Round: $22M/NA

Investors: GrowthWorks Capital, Braemar Energy, Chrysalix Energy Ventures, The Entrepreneurs Fund and The Sustainable Development Canadian Technology Fund.

Details: Develops technology to generate fusion energy. The Sustainable Development Canadian Technology Fund contributed $13M to the early stage round, contingent on General Fusion’s ability to meet key milestones.

Joule Biotechnologies Inc.

Cambridge, Mass.


Amount/Round: NA/NA

Investors: Flagship Ventures.

Details: The company, which came out of stealth last week, said that its technology can use sunlight to directly convert carbon dioxide into a proprietary liquid energy.

Solicore Inc.

Lakeland, Fla.


Amount/Round: $12.2M/D

Investors: Rogers Corp. (led), Draper Fisher Jurvetson, Rho Ventures, Braemar Energy Ventures, OPG Ventures and Firelake Capital.

Details: Develops flexible lithium polymer batteries. The company plans to add another $1.1M within the next several weeks.

Suniva Inc.



Amount/Round: $75M/C

Investors: Warburg Pincus (led), Apex Venture Partners, New Enterprise Associates, HIG Ventures and Advanced Equities.

Details: Develops silicon photovoltaic cells. The company had previously raised $55M in funding.


San Francisco


Amount/Round: $18M/B

Investors: Accel Partners (led), Foundation Capital.

Details: Provides residential solar electricity. The company previously raised $12M from Foundation and individual investors Parker Weil (managing director of Merrill Lynch) and Greg Avis (managing director of Summit Partners).


RPX Corp.

San Francisco


Amount/Round: NA/B

Investors: Index Ventures (led), Charles River Ventures and Kleiner Perkins Caufield & Byers.

Details: Provides consulting services to help reduce patent litigation. The company has now raised tow rounds of undisclosed funding. Giuseppe Zocco, partner and co-founder of Index, has joined the board.


TxVia Inc.

New York


Amount/Round: $15.5M/C

Investors: Bain Capital Ventures (led), New York City Investment Fund, Espirito Santo Ventures, Village Ventures and High Peaks Venture Partners.

Details: Provides prepaid card processing technology. The company has now raised more than $25M in funding since 2007. Paul Zurlo, a partner with Bain Capital Ventures, has joined the board.


Blekko Inc.

Redwood City, Calif.


Amount/Round: $11.5M/C

Investors: U.S. Venture Partners and CMEA Capital.

Details: The stealth company is developing a search engine. The company previously raised about $6M.

LibreDigital Inc.

Austin, Texas


Amount/Round: $15M/B

Investors: Triangle Peak Partners (co-led), Adams Capital Management (co-led), HarperCollins Publishers, The New York Times Co. and Noro-Moseley Partners.

Details: Provides an online warehouse and distribution platform for book and newspaper publishers.


Extreme Reach Inc.

Needham, Mass.


Amount/Round: NA/NA

Investors: Village Ventures, Greycroft Partners and Long River Ventures.

Details: Provides a video advertising management platform. The company had previously raised $3.1M in funding.


Cardiorobotics Inc.



Amount/Round: $11.6M/A

Investors: Eagle Ventures (led), Pittsburgh Life Sciences Greenhouse and the Slater Technology Fund.

Details: Develops snake robot technologies for use in surgical and interventional applications.

Dormir Inc.

Carmel, Ind.


Amount/Round: $12M/A

Investors: CHL Medical Partners (led), Noro-Moseley Partners and Excel Venture Management.

Details: Provides sleep diagnostic services and equipment. Jeffrey Collinson of CHL, Michael Elliott of NMP, and Juan Enriquez of Excel have joined the board. Caleb Winder of Excel will serve as a board observer.

Paradigm Spine

New York


Amount/Round: $6.5M/NA

Investors: Praefinium Group and Trevi Health Ventures.

Details: Develops non-fusion spinal implant solutions. The company also secured $15M in venture debt from Fifth Third Bank. The company has now raised nearly $60M in several rounds of funding since 2005.


iControl Networks Inc.

Palo Alto, Calif.


Amount/Round: $23M/C

Investors: ADT Security Services, Cisco Systems, Comcast Interactive Capital, GE Security, Charles River Ventures, Intel Capital and the Kleiner Perkins iFund.

Details: Provides a broadband home entertainment management solutions. The company has now raised $43.5M since 2006.


Akebia Therapeutics Inc.



Amount/Round: $16M/A

Investors: Novartis Bioventures (co-led), Venture Investors (co-led), Triathlon Medical Ventures, Kearny Venture Partners, Athenian Venture Partners and Sigvion Capital.

Details: Develops small-molecule drugs to treat anemia and vascular disorders. The funding brings the total to $25M.

aTyr Pharma

San Diego


Amount/Round: $12M/C

Investors: Alta Partners, Cardinal Partners and Polaris Ventures.

Details: Develops drugs to treat a wide variety of diseases, including inflammation, autoimmune, hematopoietic and metabolic disorders. The company has now raised about $24M in funding.

Avila Therapeutics Inc.

Waltham, Mass.


Amount/Round: $30M/B

Investors: The Novartis Option Fund (led), Abingworth Management, Advent Venture Partners, Atlas Venture and Polaris Venture Partners.

Details: Develops small molecule drugs. The company has now raised more than $55M since 2007. In related news, Avila has signed an option agreement with Novartis that could be worth $200M.

Cerulean Pharma Inc.

Cambridge, Mass.


Amount/Round: $10M/B

Investors: Polaris Venture Partners, Venrock, Lux Capital and Bessemer Venture Partners.

Details: Develops nanoparticle-based drugs. The company had previously raised about $20M and recently signed a licensing with a subsidiary of Arrowhead Research Corp.


Santur Corp.

Fremont, Calif.


Amount/Round: $13M/E

Investors: Sequoia Capital and VantagePoint Venture Partners.

Details: Provides tunable solutions and parallel array devices. The company has now raised about $100M in total VC funding since its 2000 formation from Sequoia, VantagePoint, Lighthouse Capital Partners, Menlo Ventures and Thomas Weisel Venture Partners.


Astoria Software Inc.

San Francisco


Amount/Round: NA/NA

Investors: Goldman Sachs, Prism VentureWorks, Blueprint Ventures and Ticonderoga Capital.

Details: Provides enterprise software solutions.


Mountain View, Calif.


Amount/Round: $6M/A

Investors: Polaris Venture Partners (led) and Maples Investments.

Details: Provides on-demand file server software solutions. The company had raised seed funding from Maples Investments.


Salt Lake City


Amount/Round: NA/NA

Investors: In-Q-Tel, Canopy Ventures and Flywheel Ventures.

Details: Provides language translation tools.


Elluminate Inc.

Calgary, Alberta


Amount/Round: NA/venture debt

Investors: MMV Financial.

Details: Provides online video and Web conferencing solutions.


Bubble Motion Inc.

Mountain View, Calif.


Amount/Round: $6M/NA

Investors: Palomar Ventures, Sequoia Capital and Comcast Interactive Capital.

Details: Develops voice messaging applications for mobile operators. Al Snyder, CEO of Aepona, and Amanda Reed of Palomar Ventures, have joined the board.

Rayspan Corp.

San Diego


Amount/Round: $12.5M/B

Investors: Khosla Ventures (led), Sequoia Capital.

Details: Develops metamaterial air interface solutions for wireless communications. Pierre Lamond, general partner at Khosla Ventures, was previously with Sequoia Capital.