Week in deals, July 12, 2010

CLEANTECH

Abound Solar

Ft. Collins, Colo.

www.abound.com

Amount/Round: $400M/loan

Investors: U.S. Department of Energy.

Details: Develops thin-film photovoltaic modules. The U.S. Department of Energy has offered a conditional commitment for a $400M, seven-year loan guarantee to expand the company’s solar module manufacturing capabilities. The company has raised more than $100M in VC funding from DCM, Technology Partners, GLG Partners, Bohemian Cos. and Invus LP.

eMeter Inc.

San Mateo, Calif.

www.emeter.com

Amount/Round: $12.5M/NA

Investors: Sequoia Capital, Foundation Capital and Northgate Capital.

Details: Develops smart grid management software. The company previously raised more than $32M in funding, including a $12.5M infusion in April 2008 from Foundation Capital, Siemens Corp., and DBL Investors.

Environmental Operating Solutions Inc.

Bourne, Mass.

www.eosenvironmental.com

Amount/Round: $3.5M/NA

Investors: MidPoint Food & Ag Fund, Meidlinger Partners, Stuart Mill Venture Partners.

Details: Provides water purification solutions.

CONSUMER INTERNET

BuyWithMe.com

New York

www.butywithme.com

Amount/Round: $16M/B

Investors: Matrix Partners.

Details: Provides solutions for online buying mechanisms, leveraging social media. The company previously raised a $5.5M Series A round from Matrix.

eRollover

Atlanta

www.erollover.com

Amount/Round: NA/A

Investors: Imlay Investments.

Details: Provides online information to retired people.

HitFix

Los Angeles

www.hitfix.com

Amount/Round: $1.6M/B

Investors: Tech Coast Angels.

Details: Operates an entertainment online news resource.

Lockerz.com

Seattle

www.lockerz.com

Amount/Round: NA/NA

Investors: Kleiner Perkins Caufield & Byers and Liberty Media.

Details: Operates an invitation-only social commerce site for the 13-30 demographic. The company board includes Bing Gordon, a partner at Kleiner Perkins and former chief creative officer of Electronic Arts; John Doerr, partner at Kleiner Perkins; and Chad Hollingsworth, director at Liberty Media.

Maven Research

San Francisco

www.mavenresearch.com

Amount/Round: $1M/seed

Investors: Accel Partners and individual investors, including Ed Zander, Patrick McKenna, William Krepick and Jeremie Bacon.

Details: Operates a micro-consulting platform that lets individuals market their expertise.

Modcloth

Pittsburgh

Amount/Round: NA/B

Investors: Accel Partners,

Details: Operates an online clothing retailer for vintage and indie clothing. Accel Partners joins First Round Capital and Floodgate Fund (investment vehicle of Mike Maples), which previously invested $19.8M in the round. The company, which was founded eight years ago by students at Carnegie Mellon University, expects to raise $32.6M in the round, according to a previous regulatory filing.

GAMING

Sneaky Games

Austin, Texas

www.sneakygames.com

Amount/Round: NA/A

Investors: Liahona Ventures.

Details: Develops social networking games.

HEALTH CARE

United BioSource

Bethesda, Md.

www.unitedbiosource.com

Amount/Round: $150M/credit

Investors: Wells Fargo, PNC Bank, Capital One and JPMorgan.

Details: Develops IVR and Web-based technologies for clinical trials, inventory management and patient diaries. The company recently sold a minority equity stake to Berkshire Partners for $125M, which followed more than $150M in VC funding from Grotech Capital Group, J.H. Whitney and New Enterprise Associates.

INTERNET MARKETING

AdSafe Media

New York

www.adsafemedia.com

Amount/Round: $7.3M/NA

Investors: Atlas Venture (led) and Founder Collective.

Details: Provides rating standards for online media. Board members include Fred Destin of Atlas and Eric Paley of Founder Collective.

MED TECH

iPierian Inc.

South San Francisco

www.ipierian.com

Amount/Round: $22M/B

Investors: Google Ventures (led), Mitsubishi UFJ Capital, ATEL Ventures and return backers MPM Capital, Highland Capital Partners and Kleiner Perkins Caufield & Byers.

Details: Operates as a regenerative medicine company that uses induced pluripotent stem cells. The Series B round brings the total amount of equity capital raised by the company to $54M since its 2007 inception. Krishna Yeshwant, a partner at Google Ventures, has joined the board.

MOBILE COMMUNICATIONS

Zenprise Inc.

Fremont, Calif.

www.zenprise.com

Amount/Round: $9M/NA

Investors: Rembrandt Venture Partners (led), Ignition Partners, Bay Partners, Mayfield and Shasta Ventures.

Details: Provides enterprise mobile management and device management software. Doug Schrier, general partner at Rembrandt, has joined the board. The company previously raised $10M in funding.

PHARMACEUTICALS

Acusphere Inc.

www.acusphere.com

Cambridge, Mass.

Amount/Round: $10M/debt

Investors: Burrill & Co.

Details: Develops a cardiovascular drug for the detection of coronary artery disease.

SOFTWARE

Aepona

Englewood, Co.

www.aepona.com

Amount/Round: NA/C

Investors: SAP Ventures.

Details: Provides software and services to Telcos. SAP Ventures joins the Series C round, previously announced in May, in which the company raised $10M from Amadeus Capital Partners, Polaris Ventures, Innovacom, Nordic Venture Partners and Sutter Hill Ventures. The company also has offices in Ireland and India.

Eucalyptus Systems Inc.

Santa Barbara, Calif.

www.eucalyptus.com

Amount/Round: $20M/NA

Investors: New Enterprise Associates, Benchmark Capital and BV Capital.

Details: Creates open source cloud software. The company has now raised $25.5M to date with two rounds of funding.

STORAGE

Symform

Seattle

www.symform.com

Amount/Round: $4M/NA

Investors: Longworth Venture Partners and OVP Venture Partners.

Details: Develops cloud-based storage for backup and disaster recovery. Longworth’s Nilanjana Bhowmik has joined the board.