Week in deals, Jan. 21, 2008

BIOTECH

Alder Biopharmaceuticals Inc.

Bothell, Wash.

www.alderbio.com

Amount/Round: $40M/C

Investors: Delphi Ventures (co-led), TPG Biotech (co-led), Sevin Rosen Funds, Ventures West, H.I.G. Ventures, WRF Capital.

Details: Develops antibody drugs. The company previously raised $27M.

Arcion Therapeutics

Baltimore

URL NA

Amount/Round: $8.8M/A

Investors: CMEA Ventures, InterWest Partners.

Details: Develops drugs focused on alleviating pain associated with diabetic neuropathy. Collier from CMEA and Arnold Oronsky from InterWest Partners are on the company board.

AmpliMed Corp.

Tucson, Ariz.

www.amplimed.com

Amount/Round: $5M/C

Investors: BioMed Venture Partners, Biotech Insight Ventures, Solstice Capital, Valley Ventures.

Details: Develops cancer-fighting drugs. The funding is the first close of a $22M Series C round, according to a regulatory filing. The company previously raised more than $22M in funding.

Aushon Biosystems Inc.

Burlington, Mass.

www.aushonbiosystems.com

Amount/Round: $4M/B

Investors: North Bridge Venture Partners,

Details: Develops enabling technologies for life science research. The funding is the first close of an expected $7M Series B round, according to a regulatory filing.

NovaMin Technology Inc.

Alachua, Fla.

www.novamin.com

Amount/Round: $2.5M/C

Investors: Intersouth Partners, U.S. Biomaterials Corp.

Details: Develops oral health technology. The company raised $4.4M in early stage funding in April 2005.

Pervasis Therapeutics Inc.

Cambridge, Mass.

www.pervasistx.com

Amount/Round: $10M/B

Investors: Flagship Venture Partners, Polaris Venture Partners, Highland Capital Partners, Musket Research Associates.

Details: Develops regenerative cell-based therapies to treat cardiovascular diseases. The company has raised about $38M in funding since 2004.

NeurogesX Inc.

San Carlos, Calif.

www.neurogesx.com

Amount/Round: $25M/PIPE

Investors: SV Life Sciences.

Details: Develops drugs focused on pain management therapies. The company went public (Nasdaq: NGSX) in May 2007, after it raised about $90M in VC funding from Arch Venture Partners, Alta Partners, Global Life Sciences Ventures, Montreux Equity Partners and Walden International.

Tethys Bioscience

Emeryville, Calif.

www.tethysbio.com

Amount/Round: NA/C

Investors: Intel Capital (led), Kleiner Perkins Caufield & Byers, Mohr Davidow Ventures.

Details: Develops multi-biomarker technology. The company has now raised $54M, including a $5.3M Series A round in 2005 from MDV.

Zogenix Inc.

San Diego

www.zogenix.com

Amount/Round: $18M/NA

Investors: Abingworth Management (led), Clarus Ventures, Domain Associates, Scale Venture Partners.

Details: Develops drugs focused on pain management and CNS disorders. The company has raised about $155M in funding, including a $60M Series A round in September 2006.

CHIPS

Dune Networks

Sunnyvale, Calif.

www.dunenetworks.com

Amount/Round: $12M/B

Investors: U.S. Venture Partners (led), Alta Berkeley Ventures, Aurum Ventures, Cipio Partners, Jerusalem Venture Partners, Pitango Venture Capital.

Details: Makes integrated circuits for Internet and storage platforms. The company has raised $41M since August 2002.

CLEANTECH

Coskata Inc.

Warrenville, Ill.

www.coskataenergy.com

Amount/Round: NA/NA

Investors: General Motors.

Details: Develops technologies for processing biorefuse into ethanol. The company previously raised $17M from Khosla Ventures, GreatPoint Ventures and Advanced Technology Ventures.

EcoMotors

Detroit, Mich.

URL NA

Amount/Round: NA/NA

Investors: Khosla Ventures.

Details: Develops next-generation diesel engines, with a focus on fuel efficiency. The company expects delivery in 2011.

Fisker Automotive Inc.

Irvine, Calif.

www.qtww.com

Amount/Round: NA/B

Investors: Kleiner Perkins Caufield & Byers.

Details: Makes an environmentally friendly sports cars. The company, which expects the first delivery in late 2009, previously raised a $5.5M first round from Palo Alto Investors. Fisker is a unit of Quantum Fuel Systems Technologies Worldwide, a developer of alternative fuels.

NanoGram Corp.

Milpitas, Calif.

www.nanogram.com

Amount/Round: $32M/D

Investors: ATA Ventures, Bay Partners, Harris & Harris, Institutional Venture Partners, Nth Power, Rockport Capital Partners, SBV Venture Partners, Technology Partners, Global Cleantech Capital, Masdar Clean Tech Fund, Mitsui Ventures, Nagase & Co., Nanostart AG, TEL Venture Capital, Yasuda Enterprise Development.

Details: Makes core process technology for the manufacture of nanostructured materials for use in solar power applications.

Ze-gen Inc.

Boston

www.ze-gen.com

Amount/Round: $2.5M/debt

Investors: Pinnacle Ventures.

Details: Develops gasification technology to convert solid waste into electrical energy. The company previously raised about $8M in VC funding from Flagship Ventures and Vantagepoint Venture Partners.

COMMUNICATIONS

NetStreams

Austin, Texas

www.netstreams.com

Amount/Round: $18M/B

Investors: Austin Ventures.

Details: Develops IP-based audio and vide distribution technology. The company previously raised about $10M from Austin and undisclosed investors.

CONSULTING

Achilles Group

Houston, Texas

www.achillesgroup.com

Amount/Round: $2.5M/A

Investors: Ephor Group, First Analysis Corp.

Details: Provides outsourced HR services for small businesses.

CONSUMER INTERNET

Big Tent Design Inc.

San Francisco

www.bigtent.com

Amount/Round: $5M/A

Investors: Menlo Ventures, Mohr Davidow Ventures.

Details: Operates a social networking site for family-friend groups.

LiveMocha Inc.

Bellevue, Wash.

www.livemocha.com

Amount/Round: $6M/A

Investors: Maveron Equity Partners.

Details: Provides online language teaching services.

Outspark Inc.

San Francisco

www.outspark.com

Amount/Round: $11M/B

Investors: Tencent Holdings Ltd. (led), Altos Ventures, DCM.

Details: Provides a “virtual playground” for online gamers in the U.S. and Asia.

COOLING

Nuventix Inc.

Austin, Texas

www.nuventix.com

Amount/Round: $8.5M/A

Investors: InterWest Partners, Rho Ventures, CenterPoint Venture Partners, STARTech Early Ventures.

Details: Develops thermal management cooling solutions for the computer and consumer electronics market. The Series A round is expected to close soon on $10M.

ECOMMERCE

MFG.com Inc.

Atlanta

www.mfg.com

Amount/Round: $26M/B

Investors: Fidelity Ventures (co-led), Fidelity Asia Ventures (co-led), European Founders Fund.

Details: Operates an online B2B marketplace for the manufacturing community. The company has now raised about $30M in funding, which includes an undisclosed amount of capital from Bezos Expedition, the investment vehicle of Amazon.com CEO Jeff Bezos.

EDA

Carbon Design Systems Inc.

Waltham, Mass.

www.carbondesignsystems.com

Amount/Round: $6M/E

Investors: Commonwealth Capital, Flagship Ventures, Matrix Partners.

Details: Develops electronic design automation software. The company has now raised nearly $40M in total VC funding since its 2002 inception.

EMAIL

ArcMail Technology

Shreveport, La.

www.walasystems.com

Amount/Round: $3M/A

Investors: Advantage Capital Partners, Louisiana Technology Fund.

Details: Provides email archiving and management solutions. The company, f.k.a. Wala Systems, raised $1.5M in seed capital in December 2005.

FyreBall Inc.

Bellevue, Wash.

www.fyreball.com

Amount/Round: $1.1M/A

Investors: Labrador Ventures.

Details: Develops a gaming-influenced alternative to email. The company is run by former members of the Halo development team.

ProQuo Inc.

La Jolla, Calif.

www.proquo.com

Amount/Round: $8M/B

Investors: Mission Ventures, Draper Fisher Jurvetson.

Details: Develops software that filters junk mail. The company previously raised a $5M Series A round in September 2006.

FINANCIAL

Canopy Financial

San Francisco

www.canopyfi.com

Amount/Round: $15M/NA

Investors: Granite Global Ventures (led), Financial Technology Partners.

Details: Provides banking services for health care companies.

Nexxo Financial Corp.

San Bruno, Calif.

www.minexxo.com

Amount/Round: $7.5M/C

Investors: Menlo Ventures, Sutter Hill Ventures.

Details: Provides financial services for international monetary remittance. The company had previously raised about $23M.

HARDWARE

NComputing

Redwood City, Calif.

www.ncomputing.com

Amount/Round: $28M/B

Investors: Menlo Ventures (led), Scale Venture Partners, Daehong Technew Corp.

Details: Develops enterprise-class, server-based multi-user PC computing solutions. The company raised $8M from Scale in September 2006.

INTERNET

DigitalBridge Communications Corp.

Ashburn, Va.

www.digitalbridgecommunications.com

Amount/Round: $23M/B

Investors: Paladin Capital, RedShift Ventures, CNF Investments, Novak Biddle Venture Partner.

Details: Provides broadband services to underserved communities. The company previously raised $11M in Series A funding and $6.25M in venture debt.

MARKETING

Channel M Inc.

Los Angeles

www.channelm.com

Amount/Round: $6M/C

Investors: Ascend Venture Group, Vintage Capital Partners.

Details: Provides marketing and media services for retailers, such as tie-ins to major films, DVD releases and concerts. The company raised $5M from Vintage Capital in November 2006.

Tremor Media

New York

www.tremormedia.com

Amount/Round: $11M/B

Investors: Canaan Partners (co-led), Masthead Venture Partners (co-led).

Details: Operates an online video advertising network. The company previously raised an $8.64M Series A round in September 2006 from Canaan and Masthead.

MED TECH

Autonomic Technologies Inc.

Menlo Park, Calif.

URL NA

Amount/Round: $3M/A

Investors: Kleiner Perkins Caufield & Byers.

Details: Develops neurostimulators.

Cardiovascular Systems Inc.

St. Paul, Minn.

www.cardiovascularsystemsinc.com

Amount/Round: $11M/B

Investors: Easton Hunt Capital Partners, Maverick Capital.

Details: Develops a device for treating atherosclerotic plaque in coronary and peripheral vessels. The funding is the first close of an expected $22M Series B round, according to a regulatory filing.

Oraya Therapeutics Inc.

Menlo Park, Calif.

www.orayainc.com

Amount/Round: $18M/B

Investors: Synergy Life Science Partners (led), Essex Woodlands Health Ventures.

Details: Develops ophthalmology medical devices.

ViOptix Inc.

Fremont, Calif.

www.vioptix.com

Amount/Round: $12M/D

Investors: Channel Medical Partners (led), Lincoln Funds International, Canadian Medical Discoveries Fund, Morningside Technology Ventures.

Details: Develops diagnostic and monitoring instruments. The company has now raised about $29M in total VC funding since its 1999 inception.

SOFTWARE

Centric Software

San Jose, Calif.

www.centricsoftware.com

Amount/Round: $14M/B

Investors: Oak Investment Partners (led), Bancboston Ventures, Masthead Venture Partners.

Details: Develops enterprise software.

Clinipace Inc.

Durham, N.C.

www.clinipace.com

Amount/Round: $2.6M/B

Investors: Hatteras Venture Partners, Emergent Growth Fund.

Details: Provides clinical research software.

DevonWay Inc.

San Francisco

www.devonway.com

Amount/Round: $6.5M/A

Investors: Crosslink Capital.

Details: Provides on-demand software and services for improving work processes.

Engine Yard

San Francisco

www.engineyard.com

Amount/Round: $3.5M/A

Investors: Benchmark Capital.

Details: Provides application deployment and support for Ruby on Rails, an open source Web framework. Mitch Lasky and Peter Fenton of Benchmark have joined the board.

FirstRain Inc.

Foster City, Calif.

www.firstrain.com

Amount/Round: $13.5M/A

Investors: Oak Investment Partners, Diamondhead Ventures, Ampersand Ventures.

Details: Develops Internet infrastructure software. The company has now raised about $65M in total VC funding since 2000.

Innotas Inc.

San Francisco, Calif.

www.innotas.com

Amount/Round: $6M/C

Investors: ArrowPath Venture Partners, ComVentures, Cedar Circle.

Details: Develops project portfolio management software.

PubMatic Inc.

Palo Alto, Calif.

www.pubmatic.com

Amount/Round: $7M/A

Investors: Nexus India Capital (led), Draper Fisher Jurvetson, Helion Ventures.

Details: Develops software and services that connect online publishers with ad networks.

ReachForce Inc.

Austin Texas

www.reachforce.com

Amount/Round: $5M/B

Investors: Greenhill SAVP, G-51 Capital.

Details: Provides on-demand software and data services for sales lead generation. Steve Brotman, managing director of Greenhill SAVP, has joined the board.

STORAGE

InPhase Technologies Inc.

Longmont, Colo.

www.inphase-technologies.com

Amount/Round: $20M/D

Investors: ALPS Electric Co., Bayer Material Science, Hitachi Maxwell Ltd., Japan Asia Investment Co., Nanotech Partners, New Venture Partners, Signal Lake, Yashuda Enterprise Development Co.

Details: Develops holographic data storage technology. The company has raised about $73M in funding since December 2000, including a $2.5M infusion in early 2001 at a PMV of about $45M.

Greenplum Inc.

San Mateo, Calif.

www.greenplum.com

Amount/Round: $27M/C

Investors: Meritech Capital Partners (led), Sun Microsystems, SAP Ventures.

Details: Provides open source database technology. The company raised a $15M Series B round led by Sierra Ventures in February 2007.

TECHNOLOGY

Freepath Inc.

Folsom, Calif.

www.freepath.com

Amount/Round: $1.5M/A

Investors: Velocity Venture Capital (led) and individual investors from Strategies Early Ventures, Sacramento Angels and Sierra Angels.

Details: Develops digital content sharing tools and communities. CEO John Stone is a former executive of Apple.

TELECOM

Jingle Networks Inc.

Menlo Park, Calif.

www.free411.com

Amount/Round: $13M/C

Investors: Goldman Sachs, IDG Ventures Boston, Liberty Associated Partners, First Round Capital.

Details: Provides alternative directory 411 assistance. The company raised a $30M Series C round in October from Goldman Sachs, IDG, Liberty Associated Partners, First Round, Comcast Interactive Capital, Hearst Corp. and Lead Dog Ventures.

WIRELESS COMMUNICATIONS

Kajeet

Bethesda, Md.

www.kajeet.com

Amount/Round: $10M/debt

Investors: BlueCrest Capital Finance.

Details: Operates a mobile virtual network for teens and younger kids. The company last fall raised a $37M Series B round from DFJ Growth Fund, Bessemer Venture Partners, Fidelity Ventures, Gabriel Venture Partners and InterWest Partners.

RadioFrame Networks Inc.

Redmond, Wash.

www.radioframenetworks.com

Amount/Round: $8.3M/F

Investors: Ignition Partners, Nextel Ventures, Ericsson Venture Partners, VantagePoint Venture Partners.

Details: Provides a platform for converging mobile voice and data. The funding is a first close of an expected $30M Series F round, according to a regulatory filing. The company has raised about $78M since 2001.