Week in deals, Feb. 22, 2010

BIOTECH

Eleven Biotherapeutics

Cambridge, Mass.

www.elevenbio.com

Amount/Round: $35M/A

Investors: Flagship Ventures (co-led) and Third Rock Ventures (co-led)

Details: Develops protein-based therapeutics. Board members include Noubar Afeyan, managing partner and CEO of Flagship Ventures; David Berry, partner of Flagship Ventures; Mark Levin, partner of Third Rock Ventures; and Cary Pfeffer, partner of Third Rock Ventures.

NABsys

Providence, R.I.

www.nabsys.com

Amount/Round: $7M/B

Investors: Stata Venture Partners (led) and Point Judith Capital.

Details: Develops solid-state DNA sequencing solutions. The company previously raised $4M in funding.

CLEANTECH

ecoATM

San Diego

www.ecoATM.com

Amount/Round: NA/A

Investors: Tao Venture Partners and individual investor Jens Molba.

Details: Develops automated kiosks for recycling consumer electronics. The funding is the first close on the Series A, which is expected to close within the next month or two, according to the company. Investor Jens Molba, who has joined ecoATM’s board of directors, is the founder of Coinstar.

One Block Off the Grid

San Francisco

www.1bog.com

Amount/Round: $5M/A

Investors: New Enterprise Associates.

Details: Provides solar energy group discount services.

EDUCATION

2tor Inc.

New York

www.2tor.com

Amount/Round: $22M/B

Investors: Highland Capital Partners (led), Redpoint Ventures, City Light Capital and Novak Biddle Venture Partners.

Details: Provides online degree programs. Signal Hill Capital Group served as placement agent. 2tor previously raised $10M in a Series A round in June 2009 from Redpoint, City Light and Novak Biddle.

HEALTH CARE

Consult A Doctor 24/7

Miami, Fla.

www.consultadr.com

Amount/Round: $5M/A

Investors: Morgenthau Venture Partners (led), New World Angels and Promociones Bursa.

Details: Partners with health plans, self-insured groups, TPA, brokers and various other groups to offer convenient 24/7 access to physicians for phone and secure email medical consultations.

INTERNET

Cozi Group Inc.

Seattle

www.cozi.com

Amount/Round: $5M/NA

Investors: Benaroya Capital Co.

Details: Operates an online organizer for families. The funding was the first close of $6.5M round, according to a regulatory filing. The company previously raised more than $8M from Gannett Co. and Benaroya Capital.

INTERNET MARKETING

TidalTV Inc.

Baltimore

www.tidaltv.com

Amount/Round: $16M/B

Investors: Comcast Interactive Capital (led), New Enterprise Associates and Valhalla Partners.

Details: Provides video advertising, optimization and yield management solutions. The company previously raised $15M in funding from New Enterprise Associates, Valhalla Partners and Boulder Ventures.

WebVisible Inc.

Irvine, Calif.

www.webvisible.com

Amount/Round: $20M/C

Investors: Adams Street Partners.

Details: Provides online advertising search solutions for small businesses. The company previously raised $17M from Redpoint Ventures and Sutter Hill Ventures, and acquired VC-backed Adapt Technologies for an undisclosed amount.

PHARMACEUTICALS

Somnus Therapeutics Inc.

Bedminster, N.J.

www.somnusthera.com

Amount/Round: $15m/a

Investors: CTI Life Sciences Fund (led) and Care Capital.

Details: Develops delayed-release sleep-maintenance therapies.

SEMICONDUCTORS

Zenverge Inc.

Cupertino, Calif.

www.zenverge.com

Amount/Round: NA/NA

Investors: DCM, Motorola Ventures and Norwest Venture Partners.

Details: A fabless semiconductor company creating solutions for digital media products. The company previously raised $20M in funding.

SOFTWARE

PowerPlan Consultants Inc.

Atlanta

www.powerplan.com

Amount/Round: NA/NA

Investors: TPG Growth and JMI Equity.

Details: Develops financial management software for asset-intensive industries.

Viewfinity Inc.

Waltham, Mass.

www.viewfinity.com

Amount/Round: $9.1M/B

Investors: Giza Venture Capital, JK&B Capital and Longworth Venture Partners.

Details: Develops laptop and desktop virtualization software.

STORAGE

Backupify Inc.

Louisville, Ky.

www.backupify.com

Amount/Round: $900K/seed

Investors: First Round Capital (led), General Catalyst Partners, Betaworks and individual investors Chris Sacca, Jason Calacanis, Andy Swan and Bob Saunders.

Details: Provides online data backup and storage solutions. Charlie O’Donnell of First Round has joined the board. Previously, Backupify had raised an undisclosed angel round of funding from Dharmesh Shah, CTO of Hubspot; Sean O’Leary and Sterling Lapinski, co-founders of Genscape; and Vik Chadha, co-founder of Glowtouch.

TECHNOLOGY

IdeaPaint Inc.

Cambridge, Mass.

www.ideapaint.com

Amount/Round: $3.3M/B

Investors: Individual investor Todd Krasnow (a former Staples executive who now serves as a marketing domain expert for Highland Consumer Fund).

Details: Makes dry-erase paint that transforms a smooth surface into a dry-erase writing surface. The company previously raised more than $5M from Breakaway Ventures since 2008.