Week in deals, Feb. 8, 2010


BioBehavioral Diagnostics Co.

Westford, Mass.


Amount/Round: $10M/B

Investors: Sevin Rosen Funds and Tullis-Dickerson.

Details: Develops a diagnostic system for measuring the components of behavioral disorders, such as attention-deficit hyperactivity disorder. The company has now raised $18M in funding.

Navigenics Inc.

Foster City, Calif.


Amount/Round: $18M/NA

Investors: Procter & Gamble, Kleiner Perkins Caufield & Byers and Mohr Davidow Ventures.

Details: Operates as a personalized genomics company. The company previously raised about $25M from Kleiner Perkins, MDV and Sequoia Capital.


Coulumb Technologies Inc.

Campbell, Calif.


Amount/Round: $14M/B

Investors: Voyager Capital (co-led), Rho Ventures (co-led), Siemens Venture Capital and Hartford Ventures.

Details: Develops recharge solutions for electric cars. The company previously raised a $3.75M Series A round led by Estag Capital.

SolarCity Corp.

Foster City, Calif.


Amount/Round: $60M/NA

Investors: PG&E Corp.

Details: Provides solar energy system installation and design. The deal is described as “tax equity financing” for solar installations for U.S. homes and businesses. SolarCity previously raised about $74M from First Solar Inc. and Draper Fisher Jurvetson.


Glam Media Inc.

Brisbane, Calif.


Amount/Round: $50M/NA

Investors: Aeris Capital (led0, Burda Digital Holding and Mizuho Capital.

Details: Operates as a fashion and lifestyle hub targeting women worldwide. The funding was reportedly at a PMV of about $750M. The company has now raised about $150M from such firms as Draper Fisher Jurvetson, Accel Partners, DAG Ventures, Information Capital and WaldenVC.


Fynanaz Inc.

New York


Amount/Round: $6.5M/A

Investors: Draper Fisher Jurvetson (co-led), DFJ Gotham (co-led), Brazos Group, Zelkova Ventures and JBR Media Ventures.

Details: Operates as a financial technology company that provides private student lending platforms.





Amount/Round: $21M/C

Investors: GGV Capital (led), Battery Ventures and Redpoint Ventures.

Details: Provides an online market data exchange that aggregates data from publishers with in-market audiences and makes it available to marketers. The company previously raised just under $14M in funding.



San Francisco


Amount/Round: $10M/C

Investors: Scale Venture Partners (led), True Ventures, Adams Street Partners and KPG Venture.

Details: Operates a video advertising network. The company has now raised about $16M in total funding since 2007.

Pageonce Inc.

Palo Alto, Calif.


Amount/Round: $6.5M/A

Investors: Pitango Venture Capital.

Details: Develops software solutions that helps consumers manage their online lives and marketers connect with those same consumers. The company had previously raised $3.5M.

Yodle Inc.

New York


Amount/Round: $10M/D

Investors: JAFCO Ventures (led), Bessemer Venture Partners, Draper Fisher Jurvetson, Draper Fisher Jurvetson Growth and MentorTech Ventures.

Details: Provides online lead generation marketing services for small businesses. The company has now raised more than $38M in total funding.


Rapid Diagnostek Inc.

Hudson, Wis.


Amount/Round: $4M/NA

Investors: Peak Ridge Capital.

Details: Develops one-step medical diagnostic devices.


Diffusion Pharmaceuticals

Charlottesville, Va.


Amount/Round: $5.9M/NA

Investors: NA

Details: Develops a drug candidate for enhancing oxygen diffusion. The company has now raised more than $11.6M in total funding.

Kolltan Pharmaceuticals Inc.

New Haven, Conn.


Amount/Round: $8.5M/B

Investors: Celtic Therapeutics Holdings and Tichenor Ventures.

Details: Develops oncology therapeutics. The company previously raised about $40M in Series A funding from Purdue Pharma, HBM BioVentures and Elm Street Ventures.

Flexion Therapeutics

Woburn, Mass.


Amount/Round: $9M/A

Investors: Pfizer Strategic Investments Group.

Details: Develops drugs, including a treatment for chemotherapy. The funding brings the round total to $42M, including a previously announced first close from Versant Ventures, 5AM Ventures and Sofinnova Ventures.

Pearl Therapeutics

Redwood City, Calif.


Amount/Round: $15M/C

Investors: Clarus Ventures, New Leaf Venture Partners and 5AM Ventures.

Details: Develops drugs to treat respiratory disorders. The company previously raised about $35.5M, plus $8M in venture debt.


Coaxis Inc.

Portland, Ore.


Amount/Round: $10M/NA

Investors: Updata Partners.

Details: Develops software for the construction industry.

Fina Technologies Inc.

Cambridge, Mass.


Amount/Round: $4.5M/A

Investors: Reed Elsevier Ventures (led) and Excel Venture Management.

Details: Develops quantitative trading algorithms and business solutions for massively data-intensive applications.

Yammer Inc.

San Francisco


Amount/Round: $10M/B

Investors: Emergence Capital (led), SV Angel, Charles River Ventures and Goldcrest Investment.

Details: Provides microblogging services across an enterprise. Jason Green of Emergence and Ron Conway of SV Angel have joined the board. In the funding announcement, there was no mention of Founders Fund, which participated in the company’s $5M Series A round.


Vivox Inc.

Framingham, Mass.


Amount/Round: $6.8M/C

Investors: IDG Ventures San Francisco (led), Benchmark Capital, Canaan Partners and GrandBanks Capital.

Details: Provides VoIP services for online games and virtual worlds. The company previously raised about $13.8M in funding.



Waterloo, Ontario


Amount/Round: $15M/B

Investors: Celtic House Venture Partners (co-led), Tech Capital Partners (co-led), Ontario Emerging Technologies Fund.

Details: Provides mobile video monetization solutions. New investor Ontario Emerging Technologies Fund invests from a $250M fund established by the Province of Ontario.


Mountain View, Calif.


Amount/Round: $20M/B

Investors: Softbank Corp.

Details: Provides a video broadcast platform. The funding was at a PMV of approximately $145M. Softbank also has the option to invest another $55M, while UStream says it plans to expand the round via pending commitments from other investors in Asia and the United State. Ustream previously raised more than $11M from DCM Capital, Labrador Ventures and Band of Angels.


Scanbuy Inc.

New York


Amount/Round: NA/C

Investors: Motorola Ventures (led), Longworth Venture Partners, Masthead Venture Partners and Hudson Venture Partners.

Details: Provides barcodes for product packaging that consumers can access using camera phones. The company had raised a $9M Series B round in 2006.

SpiderCloud Wireless Inc.

Santa Clara, Calif.


Amount/Round: $25M/B

Investors: Opus Capital (led), Shasta Ventures, Charles River Ventures and Matrix Partners.

Details: Develops an enterprise radio access network platform for mobile operators.