Week in deals, Jan. 11, 2010


Clean Power Finance Inc.

San Francisco


Amount/Round: $6.9M/A

Investors: Claremont Creek Ventures, Clean Pacific Ventures, Sand Hill Angels and individual investor Gary Kremen.

Details: Provides financing applications and other support services for solar installers.


Redwood City, Calif.


Amount/Round: $2.4M/A

Investors: Claremont Creek Ventures.

Details: Provides residential energy management solutions. Nat Goldhaber, managing director of Claremont Creek, has joined the board.

Innovalight Inc.

Santa Clara, Calif.


Amount/Round: $18M/D

Investors: EDB Investments (led), Vertex Venture Holdings, Apax Partners, ARCH Venture Partners, Convexa Capital, Harris & Harris Group, Sevin Rosen Funds and Triton Ventures.

Details: Develops silicon ink-based printed solar cells. The company previously raised more than $45M in funding.

Nordic Windpower

Berkeley, Calif.


Amount/Round: $38M/C

Investors: Khosla Ventures (led), New Enterprise Associates, Novus Energy Partners, I2BF Management, Pulsar Energy Capital and Impax Asset Management.

Details: Develops wind turbines. The company previously raised an undisclosed amount of funding from Impax, Goldman Sachs and NBT AS.

Quench Inc.



Amount/Round: $13.24M/NA

Investors: Virgin Green Fund.

Details: Makes rentable water purification systems. The company previously raised about $26M in VC funding led by Element Partners.

Segetis Inc.

Plymouth, Minn.


Amount/Round: $17.2M/B

Investors: Khosla Ventures.

Details: Develops renewable chemical products. The funding is the first close of a $22M Series B round, according to a regulatory filing. It previously raised a $15M Series A round in 2007 from Khosla Ventures.

Tioga Energy

San Mateo, Calif.


Amount/Round: $20M/B

Investors: MEMC Electronic Materials, NGEN Partners, Nth Power and Draper Fisher Jurvetson.

Details: Provides renewable energy for business industries and organizations. The company has now raised more than $30M since 2007.



San Mateo, Calif.


Amount/Round: $2M/seed

Investors: Individual investors Josh Kopelman of First Round Capital; Alfred Lin of Zappos COO and CFO; and Peter Sperling, director of Apollo Group, according to VentureBeat.

Details: Operates an interactive terrestrial radio service.

Kakai Inc.

Santa Clara, Calif.


Amount/Round: $7.5M/NA

Investors: Andreessen Horowitz (led) and individual investors, including Josh Kopelman and Ron Conway.

Details: Provides e-book services. The company was launched by Chegg.com co-founder Osman Rashid. The company previously raised just over $1M in seed funding.


Washington, D.C.


Amount/Round: $5M/B

Investors: Grotech Ventures and individual investors, including AOL founder Steve Case and his wife Jean.

Details: Operates a social networking site that allows users to share their favorite things, such as books, music and restaurants. The company previously raised $5M in the summer 2008, also from Grotech and the Cases.

PowerReviews Inc.


San Francisco

Amount/Round: $4.9M/NA

Investors: Draper Richards, Menlo Ventures and Tenaya Capital.

Details: Provides online interactive shopping services. The funding round is the first close of a $9M financing round, according to a regulatory filing. The company previously raised around $21.3M over two funding rounds. Investor Tenaya Capital was f.k.a. Lehman Brothers Venture Partners.

Whiskey Media LLC

Corte Madera, Calif.


Amount/Round: $2.5M/NA

Investors: NA

Details: Operates a network of websites, such as ComicVine, GiantBomb and AnimeVice. The company was founded last year by Shelby Bonnie, co-founder of CNet. The company said the investment round came from family and close friends.



Miami, Fla.


Amount/Round: $7M/NA

Investors: Dublin Ventures and Kinsail Corp.

Details: Provides mobile payment services, including money transfers and prepaid gift cards in the United States, which can be delivered to people in Latin America for use at local retailers.


Curse Inc.

San Francisco


Amount/Round: $6M/B

Investors: Venture technologies, SoftTech VC and AGF Private Equity.

Details: Operates as a gaming portal focused on Massively Multiplayer Online Games. The company has now raised $11M in funding.


Aggregate Knowledge

San Mateo, Calif.


Amount/Round: $9M/C

Investors: OVP Venture Partners (led), DAG Ventures and Kleiner Perkins Caufield & Byers.

Details: Develops Internet search software based on behavioral patterns. The company has now raised about $34M in total funding.


San Francisco


Amount/Round: $27.5M/C

Investors: Cisco Systems (co-led), Polaris Venture Partners (co-led), The Founders Fund and Revolution Ventures.

Details: Provides online audience analytics. The company previously raised more than $25M in funding. PE Week affiliate peHUB reported in July that QuantCast was looking to raise about $50M at a $300M pre-money valuation.


ChaCha Search Inc.

Carmel, Ind.


Amount/Round: $7M/NA

Investors: Vanguard Ventures.

Details: Operates as a real-time human-powered search engine. The company previously raised more than $25M from Morton Meyerson, Bezos Expeditions, Rod Canion (founding CEO of Compaq) and Jack Gill (partner at Maven Ventures). It also had secured a $2M grant from 21st Century Technology Fund.



Saddle Brook, N.J.


Amount/Round: $32.5M/C

Investors: Forbion Capital Partners (led), Crédit Agricole Private Equity, Foundation Medical Partners and Oxford Bioscience Partners.

Details: Develops implantable ventricle medical devices. The company previously raised about $40M in funding.


Ann Arbor, Mich.


Amount/Round: $11M/A

Investors: Venture Investors (led), Fletcher Spaght Ventures, Hatteras Venture Partners, Early Stage Partners and TGap Ventures.

Details: Develops image-guided system that ablates tissue. The company’s technology was licensed from the University of Michigan.

Intuity Medical Inc.

Sunnyvale, Calif.


Amount/Round: $64M/D

Investors: Venrock, Emergent Medical Partners, Investor Growth Capital, Thomas, McNerney and Partners, U.S. Venture Partners and Versant Ventures.

Details: Develops blood glucose monitors. The company has now raised $92M in funding.

ValenTx Inc.

Carpentaria, Calif.


Amount/Round: $22M/B

Investors: SV Life Sciences (led), Covidient Ventures, Sapient Capital, EDF Ventures, Kaiser Permanente Ventures, Affinity Capital Partners and TGap Ventures.

Details: Develops an implantable medical device to treat morbid obesity. The company has now raised about $29M in funding.



Boulder, Colo.


Amount/Round: $1M/A

Investors: DFJ Mercury (led), Starz Media, Northstar Equity Investors, GC&H Investments, and individual investors David Cohen, Chris Sacca, Jake Nickell, Paige Craig and Dave McClure.

Details: Develops a community and digital content delivery platform for comic books. The company was originally named Take Comics, and was part of the 2009 TechStars program in Boulder, Colo.


PTC Therapeutics Inc.

South Plainfield, N.J.


Amount/Round: $50M/NA

Investors: The Column Group (co-led), Delphi Ventures (co-led), CSFB Private Equity, HBM BioVentures, Novo A/S, Celgene and other undisclosed investors.

Details: Develops small molecule drugs to treat infectious diseases, inflammation and genetic disorders. The company previously raised more than $143M in VC funding, and filed for an IPO in 2006 that it later withdrew.

ReVance Therapeutics Inc.

Mountain View, Calif.


Amount/Round: $25.6M/D

Investors: Essex Woodlands Healthcare Ventures (led), Vivo Ventures, Technology Partners, Shepherd Ventures, Palo Alto Investors, Bio*One Capital and Pac-Link Ventures.

Details: Develops drugs focused on dermatology and aesthetic medicine. The funding is a first close on a $35M Series D round.




Amount/Round: $500K/seed

Investors: JumpStart Inc. and Portal Capital.

Details: Develops a treatment using sodium nitrate for peripheral artery disease.


SiBeam Inc.

Sunnyvale, Calif.


Amount/Round: NA/NA

Investors: Best Buy Capital.

Details: Provides semiconductor systems solutions for wireless platforms. The company previously raised more than $80M from Foundation Capital, New Enterprise Associates, U.S. Venture Partners, Panasonic and Samsung


Amcom Software Inc.

Eden Prairie, Minn.


Amount/Round: NA/NA

Investors: Norwest Equity Partners and Split Rock Partners.

Details: Provides unified communications solutions for organizations.

BridgeCo Inc.

El Segundo, Calif.


Amount/Round: $7.5M/NA

Investors: Earlybird Venture Capital (co-led) and individual investors, including Christian Wenger (co-led) and Brian Long (general partner with Atlantic Bridge).

Details: Develops media networking processors and software. The company previously raised $59M in private equity and debt funding, from Earlybird, Advent Venture Partners, Balderton Capital, Cipio Partners, Fidelity Ventures, Intel Capital and Wellington Partners.


Santa Clara, Calif.


Amount/Round: $12M/NA

Investors: Susquehanna Growth Equity (led), Valley Venture Capital.

Details: Provides B2B software and services for the networking industry.

Rally Software Development Corp.

Boulder, Colo.


Amount/Round: $16M/D

Investors: Greylock Partners, Mobius Venture Capital, Boulder Ventures, Mohr Davidow Ventures and Vista Ventures.

Details: Provides on-demand lifecycle management solutions for software teams. The company has now raised more than $49M in VC funding.


Salt Lake City


Amount/Round: NA/seed

Investors: Salt Lake Life Science Angels.

Details: Provides software-as-a-service solutions for Web-based multi-user image collaboration.


Jingle Networks Inc.

Billerica, Mass.


Amount/Round: $6.75M/E

Investors: Hearst Corp., Liberty Associated Partners, Comcast Interactive Capital, First Round Capital and Flybridge Capital Partners.

Details: Provides callers with alternative service for directory (or 411) assistance. The company also provides advertising service for clients. The company has now raised more than $88M in funding.

Twilio Inc.

San Francisco


Amount/Round: $4M/NA

Investors: The Founders Fund and Union Square Ventures.

Details: Provides an in-cloud API for voice communications. Albert Wegner of Union Square Ventures is listed as a new board member, while the company previously raised seed funding from The Founders Fund.





Amount/Round: $4M/A

Investors: Google Ventures and Highland Capital Partners.

Details: Operates a scavenger hunt using cellular technology and short messaging services. Rich Miner of Google Ventures has joined the board. The company previously raised $700K from Highland.