Week in deals, Dec. 24, 2007

BIOTECH

Altair Therapeutics Inc.

San Diego

www.altairtherapeutics.com

Amount/Round: NA/A

Investors: Forward Ventures, Thomas McNerney & Partners.

Details: Develops drugs to treat asthma and other respiratory conditions. Pratik Shah, partner at Thomas McNerney, is executive chairman of the startup company.

Anesiva Inc.

South San Francisco

www.anesiva.com

Amount/Round: $25M/PIPE

Investors: Alta Partners.

Details: Develops drugs to treat pain. Alta Partners has been an investor in the company (f.k.a. Corgentech) since November 2000. The company went public in 2004.

Arcion Therapeutics Inc.

Lutherville, Md.

URL NA

Amount/Round: $8.85M/A

Investors: InterWest Partners, CMEA Ventures.

Details: Develops drugs focused on pain management.

Cempra Pharmaceuticals Inc.

Morrisville, N.C.

www.cempra.com

Amount/Round: $10M/B

Investors: Aisling Capital, Intersouth Partners, Optimer Pharmaceuticals Inc. and individual investor I. Wistar Morris III.

Details: Develops anti-infective drugs.

Deltanoid Pharmaceuticals

Madison, Wis.

www.deltanoid.com

Amount/Round: $12M/B

Investors: Wisconsin Alumni Research Foundation (led), Mason Wells, Venture Investors.

Details: Develops vitamin D-based therapies to treat human diseases. The company has now raised more than $16M since 2001.

Validity Sensors Inc.

San Jose, Calif.

www.validityinc.com

Amount/Round: $20M/B

Investors: Crosslink Capital (led), Telesoft Partners, Qualcomm Ventures.

Details: Develops fingerprint sensors for the biometrics market. Michael Stark of Crosslink Capital has joined the board. The company has now raised $60M and has the latest funding has a PMV of $80M, according to CFO Rick Santos.

CLEANTECH

Element Labs Inc.

Santa Clara, Calif.

www.elementlabs.com

Amount/Round: $12.8M/B

Investors: Expansion Capital Partners (led), Sierra Ventures, Gold Hill.

Details: Provides light emitting diode solutions for entertainment, architecture and signage applications. Expansion Capital led the round with a $10M infusion from its Clean Technology Fund II. Bernardo Llovera, general partner at Expansion Capital, has joined the board. The company raised a $6M Series A round in March 2006.

GroSolar

Vermont, Ill.

www.grosolar.com

Amount/Round: $10M/B

Investors: NGP Energy Technology Partners (led), SJF Ventures, Calvert Social Funds, Allco Financial Group.

Details: provides solar energy systems nationwide for residential customers. The company y raised a $2.25M Series A round in October 2006 from SJF Ventures and Calvert Social Funds.

Purfresh

Livermore, Calif.

www.purfresh.com

Amount/Round: $25M/C

Investors: Chilton Investment Co., Chrysalix Energy, Foundation Capital, Grauer Capital.

Details: The company, f.k.a. Novazone Inc., provides clean solutions for food and water.

Second Wind Inc.

Somerville, Mass.

www.secondwind.com

Amount/Round: $4M/B

Investors: Good Energies.

Details: Develops wind-tracing technology and software. The company, founded in 1980, raised its first institutional investment last spring, an undisclosed amount, also provided by Good Energies.

COMMUNICATIONS

Apptrigger Inc.

Richardson, Texas

www.apptrigger.com

Amount/Round: $21M/C

Investors: Star Ventures, Sevin Rosen Funds, CenterPoint Venture Partners, Chisholm Private Capital.

Details: Provides switch services for broadband access and existing switching networks. The company has raised about $58M in funding since 2003.

Tervela Inc.

New York

www.tervela.com

Amount/Round: $20M/C

Investors: Goldman Sachs, North Hill Ventures, Sigma Partners.

Details: Develops networking and middleware technology.

Zeugma Systems Inc.

Vancouver

www.zeugmasystems.com

Amount/Round: $22.5M/B

Investors: Vertex Venture Capital (led), GTD Capital, BC Advantage Funds, Granite Ventures, Ventures West, Yaletown Venture Partners, GrowthWorks Capital, BDC Venture Capital.

Details: Provides broadband networking solutions.

CONSUMER

PlayFirst Inc.

San Francisco

www.playfirst.com

Amount/Round: $16.5M/C

Investors: DCM (led), Mayfield Fund, Rustic Canyon Partners, Trinity Ventures.

Details: Develops casual games. The company raised $10M in its Series A and B rounds, bringing the current total of VC raised to $26.5M.

ECOMMERCE

Live Gamer Inc.

New York

www.livegamer.com

Amount/Round: $20M/B

Investors: Charles River Ventures, Kodiak Venture Partners, Pequot Ventures.

Details: Operates a secure, virtual trading marketplace for gamers to buy and sell virtual property with real money.

Qsecure Inc.

Los Altos, Calif.

www.qsecure.com

Amount/Round: $5M/C

Investors: Allegis Capital, Société Générale, UMC Capital, Worldview Technology Partners.

Details: Develops credit cards that are compatible with all card acceptance systems and point-of-sale terminals.

ENERGY

Lilliputian Systems Inc.

Wilmington, Mass.

URL NA

Amount/Round: $20M/C

Investors: DAG Ventures, Atlas Venture, Kleiner Perkins Caufield & Byers, Rockport Capital Partners.

Details: Develops fuel cell technology for wireless electronic devices. The company had raised about $30M in a Series C round two years ago.

Validus DC Systems

Brookfield, Conn.

www.validusdc.com

Amount/Round: $10M/A

Investors: Oak Hill Venture Partners.

Details: Provides power infrastructure for datacenters and telecommunication facilities. In 2002, Validus raised a $4M in seed capital from an undisclosed investor. Company’s technology was developed in conjunction with Marcel Gaudreau, president of Bedford, Conn.-based Diversified Technologies Inc., and former head of MIT’s Plasma Science and Fusion Center.

HEALTH CARE

RedBrick Health

Minneapolis

www.redbrickhealth.com

Amount/Round: $15M/B

Investors: Fidelity Ventures (led), Highland Capital Partners, Versant Ventures.

Details: Provides health services. Dave Power, a partner at Fidelity Ventures, has joined the board.

INTERNET

EdgeCast Networks

Los Angeles

www.edgecast.com

Amount/Round: $6M/B

Investors: Steamboat Ventures.

Details: Operates a content delivery network. Scott Hilleboe, senior principal of Steamboat Ventures, and Jeffrey Stibel, president of website Pros Inc. and former CEO of Web.com, have joined the board.

Ideeli.com

New York

www.ideeli.com

Amount/Round: $3.8M/A

Investors: Kodiak Ventures, individual investors

Details: Operates an online shopping community that connects luxury brands with consumers.

Jobvite

San Francisco

ww.jobvite.com

Amount/Round: $7.2M/A

Investors: CMEA Ventures.

Details: Provides on-demand recruitment solutions. Jim Watson, managing director, and Saad Khan, partner of CMEA, have joined the board.

SocialPicks Inc.

Mountain View, Calif.

www.socialpicks.com

Amount/Round: $500K/A

Investors: Bay Partners.

Details: Operates an online site for stock market investors.

MARKETING

AdReady

Seattle

www.adready.com

Amount/Round: $10M/NA

Investors: Bain Capital Ventures, Khosla Ventures, Madrona Venture Group.

Details: Operates an online advertising technology company. Ajay Agarwal, managing director with Bain Capital Ventures, has joined the board.

Invidi Technologies Corp.

Princeton, N.J.

www.invidi.com

Amount/Round: $25M/C

Investors: WPP Group (led), EnerTech Capital, InterWest Partners, Menlo Ventures.

Details: Provides targeted advertising for broadband TV services.

MEDIA

Kyte Inc.

San Francisco

www.kytetv.com

Amount/Round: $15M/B

Investors: Nokia Growth Partners (led), DoCoMo Capital Inc., TelefĂ³nica, Draper Fisher Jurveston, Holtzbrinck Ventures, Swisscom.

Details: Develops interactive TV technology.

MED TECH

AxoGen Inc.

Alachua, Fla.

www.axogeninc.com

Amount/Round: $12M/C

Investors: Accuitive Medical Ventures, Cardinal Partners, De Novo Ventures, Springboard Capital II.

Details: Develops implantable nerve regeneration grafts. The company raised a $7M Series A round in February 2006.

Cardiac Dimensions Inc.

Kirkland, Wash.

www.cardiacdimensions.com

Amount/Round: $35.5M/D

Investors: Johnson & Johnson Development Corp. (co-led), Lumira Capital (co-led), Mitsubishi UFJ Capital, Montgomery & Co., West River Capital, Frazier Healthcare Ventures, Interwest Partners, MPM Capital, Polaris Venture Partners.

Details: Develops minimally invasive medical devices to treat heart failure. Gerry Brunk, managing director of Lumira Capital, has joined the board. The company has now raised about $66M since 2002.

NeuroTrax Corp.

Newark, N.J.

www.neurotrax.com

Amount/Round: NA/NA

Investors: New Jersey Economic Development Authority.

Details: Makes diagnostic tools for the neurological health care market.

NANOTECH

NanoTune Technologies Corp.

Mountain View, Calif.

www.nanotune.com

Amount/Round: $3.12M/A

Investors: Draper Fisher Jurvetson.

Details: Develops a process of reproducing crucial silica based nanomaterials and smart devices to be used in a multitude of markets.

OPTICS

Holochip Corp.

Albuquerque, N.M.

www.holochip.com

Amount/Round: $2.7M/A

Investors: ITU Ventures.

Details: Develops zoom lens technology for cell phone cameras and mobile devices called adaptive polymer lenses. The company was founded in 2004 with seed funding from ITU Ventures and investment group New Mexico Angels. The Series A round also included a strategic investment from Itochu Corp. of Japan.

RFID

Hi-G-Tek

Rockville, Md.

www.higtek.com

Amount/Round: $5.5M/B

Investors: L Capital Partners, Battelle Ventures.

Details: Provides RFID products for monitoring and controlling physical assets and sensitive materials. The company raised a $10M round in late 2006.

Intelleflex Corp.

San Jose, Calif.

www.intelleflex.com

Amount/Round: $15.5M/C

Investors: Arcapita Ventures (co-led), Motorola Ventures (co-led), Morgenthaler Ventures, Woodside Fund, Alloy Ventures, Selby Venture Partners.

Details: Develops RFID products. The company has raised more than $50M in funding since 2004.

SOFTWARE

Acquia Inc.

North Andover, Mass.

www.acquia.com

Amount/Round: $7M/A

Investors: North Bridge Venture Partners (led), O’Reilly AlphaTech Ventures, Sigma Partners.

Details: Develops open-source software developer. The company previously raised $3M from Alsop Louie Partners in October 2006.

Inmagic Inc.

Woburn, Mass.

www.inmagic.com

Amount/Round: $5M/A

Investors: Edison Venture Fund.

Details: Develops content-management software for corporate research libraries. Joe Allegra, an Edison Venture Fund general partner, has joined the board.

NewsGator Technologies Inc.

Denver

www.newsgator.com

Amount/Round: $12M/E

Investors: Vista Ventures (led), Mobius Venture Capital, Masthead Venture Partners.

Details: Develops software that provides content aggregation tools and services. The company has now raised $30M since 2004.

Oblong Industries Inc.

Los Angeles

www.oblong.net

Amount/Round: $8.8M/A

Investors: Foundry Group.

Details: Develops gesture recognition software. Brad Feld and Ryan McIntyre of the Foundry Group have joined the board.

TECHNOLOGY

SensorTran Inc.

Austin, Texas

www.sensortran.com

Amount/Round: $8M/B

Investors: Advantage Capital Partners (co-led), Expansion Capital Partners (co-led), WHEB Ventures, Stonehenge Capital Co.

Details: Develops temperature sensing technology. The company raised $3.5M in August 2006.

TELECOM

Ribbit

Mountain View, Calif.

www.ribbit.com

Amount/Round: $10M/B

Investors: Allegis Capital (led), KPG Ventures.

Details: A telephony startup

WIRELESS COMMUNICATIONS

BelAir Networks

Kanata, Ontario

www.belairnetworks.com

Amount/Round: $17.5M/NA

Investors: Export Development Canada, Wellington Financial, BDC Venture Capital, Comcast Interactive Capital, McLean Watson, MMV Financial, Panorama Capital, T-Mobile Venture Fund, Trilogy Equity Partners, VenGrowth Capital Partners Inc., Ventures West Management.

Details: Provides mobile wireless broadband mesh network solutions. The company had previously raised about $58M in various rounds from 2002 to 2006.

GainSpan

Sunnyvale, Calif.

www.gainspan.com

Amount/Round: $20M/B

Investors: Opus Capital (led), Intel Capital, New Venture Partners, OVP Venture Partners, Sigma Partners.

Details: Develops Wi-Fi sensor network technology. Opus General Partner Carl Showalter has joined the board.

Juice Wireless

Los Angeles

www.juicecaster.com

Amount/Round: $6M/B

Investors: 21Ventures, Qualcomm, Citizen’s Communications.

Details: Provides wireless social networking technology that allows users to view and post pictures and videos directly from their mobile phones to their personal web pages on such sites as MySpace and Facebook. The company has now raised $10M since June 2006.

Mobile Posse

McLean, Va.

www.mobileposse.com

Amount/Round: $10M/B

Investors: SoftBank Capital (led), Court Square Ventures, Columbia Capital and individual investors.

Details: Provides mobile advertising and content solutions.

Modiv Media Inc.

Quincy, Mass.

www.modivmedia.com

Amount/Round: $8M/A

Investors: Ignition Partners, Oak Investment Partners, SeaPoint Ventures.

Details: Develops software that enables consumers to make purchases via mobile phone.