Week in deals, July 13, 2009


Rapid Micro Biosystems Inc.

Bedford, Mass.


Amount/Round: $18.6M/A

Investors: Kleiner Perkins Caufield & Byers, TVM Capital, Quaker BioVentures and VIMAC Milestone Medica Fund.

Details: The company is developing products to detect microbial contamination.



San Francisco


Amount/Round: $1.1M/A

Investors: Baseline Ventures, First Round Capital, Founders Fund, Freestyle Capital, Maples Investments and SV Angel.

Details: Company, founded in 2008, describes itself as a Web-based collaboration platform that helps companies reach customers in real time using Twitter. It says its product is used by major brands, including Whole Foods, Starbucks, Microsoft, JetBlue, Ford, Pepsi, Sprint, Coca-Cola.

Gilt Groupe Inc.

New York


Amount/Round: $40M/NA

Investors: General Atlantic and Matrix Partners.

Details: Sells luxury brand clothing online. The funding was reportedly at a valuation of $400M, according to Business Insider.


Paris, France


Amount/Round: $4.2M/A

Investors: Atomico Ventures and Mangrove Capital Partners.

Details: Makes an operating system for netbooks.

Metaversum GmbH

Berlin, Germany


Amount/Round: $6.2/Undisclosed

Investors: BFB BeteiligungsFonds Brandenburg, KfW, Balderton Capital and Grazia Equity.

Details: Makes the virtual world called Twinity, which features three-dimensional replicas of major world cities.

People Capital

New York


Amount/Round: $0.5M/B

Investors: The Serious Change Fund

Details: The company facilitates student loan financing.


New York


Amount/Round: $4M/A

Investors: Individual investor Dan Gilbert, founder of Quicken Loans and owner of the Cleveland Cavaliers basketball team.

Details: Operates a fashion and lifestyle oriented website.


Bling Nation

Palo Alto, Calif.


Amount/Round: $8M/A

Investors: Lightspeed Venture Partners (led), Meck Ltd. and CampVentures.

Details: Develops mobile payment solutions.


London, England


Amount/Round: $2.1M

Investors: MMC Ventures

Details: Clash provides online lead generation services.

InfoNow Corp.



Amount/Round: $5M/B

Investors: Vedanta Capital, Sequel Venture Partners and Sevin Rosen Funds.

Details: Previously raised a $6 million Series A in 2007. The company sells Software-as-a-Service designed to help manufacturers improve channel sales.


Prometheus Energy

Redmond, Wash.


Amount/Round: Undisclosed

Investors: Shell Technology Ventures Fund 1 B.V., Black River Commodity Clean Energy Investment Fund

Details: Promentheus makes liquid natural gas from waste products. Investment bank Cascadia Capital arranged the financing.


Mountain View, Calf.


Amount/Round: $10M/C Tranche

Investors: Haywood Dorland Energy Capital, Demeter Partners, Apex Venture Partners, New Enterprise Associates, NGEN Partners and Yellowstone Ventures.

Details: This additional funding takes the company’s Series C to $77.6 million. Haywood and Demeter invested through an Advanced Equities fund. SolFocus has raised $177 million from venture capitalists, records show.



Draper, Utah


Amount/Round: $17.3/F

Investors: Best Buy Capital, Percato Partners, University Venture Fund, Foundation Capital, Frazier Technology Ventures, Thomas Weisel Venture Partners and vSpring Capital.

Details: The company makes home control and automation systems. It has raised $97 million since 2003, records show.

Inge Watertechnologies AG

Greifenberg, Germany


Amount/Round: $6.9M/Follow-on

Investors: BayTech Venture Capital, Taprogge Watertech GmbH, Emerald Cleantech Fund I, Sustainable Performance Group, Siemens Venture Capital, StoneFund and Entrepreneurs Fund.

Details: Inge makes ultra-filtration membranes for treating water.

Nextreme Thermal Solutions

Durham, N.C.


Amount/Round: $8M/B Tranche

Investors: Undisclosed

Details: Nextreme makes heat management components for electronics. The additional funds, from an undisclosed corporate investor, bring the company’s Series B to $21 million.

PlanarMag Inc.

West Sacramento, Calif.


Amount/Round: Undisclosed/B

Investors: Tyco Electronics and American River Venture.

Details: The company makes computer components. It also secured a line of credit from Five Star Bank.

Vibrant Corp.

Albuquerque, N.M.


Amount/Round: NA/NA

Investors: Verge.

Details: Develops nondestructive testing services for the aerospace manufacturing and maintenance markets. The company raised $250K in seed stage funding from Verge last year.


Intellikine Inc.

LaJolla, Calif.


Amount/Round: $51M/B

Investors: Novartis Bioventures, U.S. Venture Partners, Biogen Idec, FinTech Global Capital, Abingworth, CMEA Capital and Sofinnova Ventures.

Details: The company develops small molecule drugs for cancer, inflammation and autoimmune diseases. The round will be paid out in a $28.5 million initial call down with the remainder paid out after certain milestones.


South San Francisco


Amount/Round: $11.5M/Not Applicable

Investors: MPM Capital

Details: The company formed as a merger between iZumi Bio Inc. and Pierian Inc. and most of the funding comes from existing Pierian backer MPM Capital. The two companies were working on medical applications of stem cells. iZumi had previously raised $20 million from Highland Capital Partners and Kleiner Perkins Caufield & Byers.

NanoBio Corp.

Ann Arbor, Mich.


Amount/Round: $10M/B Tranche

Investors: Venture Investors, Perseus LLC.

Details: This financing finishes out the company’s $22 million Series B. NanoBio has now raised $52 million in total VC funding and another $40 million in grant fund for its anti-infective products and mucosal vaccines, according to reports.

Nexus Biosystems Inc.

Poway, Calif.


Amount/Round: Undisclosed

Investors: Telegraph Hill Partners

Details: The new funds will go toward commercializing the company’s medical sample storage devices.

Qliance Medical Management Inc.



Amount/Round: $4M/Undisclosed

Investors: Second Avenue Partners, New Atlantic Ventures and Clear Fir Partners.

Details: Qliance operates primary care clinics that don’t take insurance. The firm sells health care as a subscription service. It had previously raised $3.5 million.


Relievant Medsystems Inc.

Redwood City, Calif.


Amount/Round: $20M/C

Investors: Morgenthaler Ventures, Emergent Medical Partners, Canaan Partners and Onset Ventures.

Details: Makes devices to treat chronic back pain. The company had previously raised $9 million.


Paris, France


Amount/Round: $4M/A Tranche

Investors: Delta Partners, Crédit Agricole Private Equity, Innoven Partenaires and A Plus Finance.

Details: SpineGuard’s latest financing brings its Series A to $11 million. The company makes medical devices aimed at improving safety in spinal surgery.


SouthWest NanoTechnologies Inc.

Normal, Okla.


Amount/Round: $3M/Undisclosed

Investors: Insight Technology Capital Partners.

Details: The company makes single-wall and multi-wall carbon nanotubes.


Allostera Pharma Inc.

Montreal, Canada


Amount/Round: $14.6M/A

Investors: iNovia Capital, Genesys Capital, BDC Venture Capital and Go Capital.

Details: The company makes drugs.

Novacta Biosystems Ltd.

Hertfordshire, U.K.


Amount/Round: $21.27/Follow-on

Investors: Celtic Pharma, Esperante Ventures, Westgate Hall, GEIF Ventures and Oxford Technology 4 VCT.

Details: Makes Lantibiotics, a type of anti-infective agent that the company believes has been under-researched. The company is targeting Clostridium difficile, which causes diarrhea, typically in old people who have been treated with antibiotics, according to The Mayo Clinic. It will only get the full financing if it meets certain milestones.

Pronota NV

Ghent, Belgium


Amount/Round: $6.84M/B

Investors: VIB, LSP, Gimv, Biotech Fund Flanders, KBC Private Equity, Johnson & Johnson Development Corporation and Baekeland Fund.

Details: The company is working on creating protein biomarker diagnostics and trying to put an acute heart failure through clinical trials.

Somaxon Pharmaceuticals Inc. (Nasdaq: SOMX)

San Diego


Amount/Round: $6M/PIPE

Investors: MPM Capital, Montreux Equity Partners, Scale Venture Partners, Prospect Venture Partners, Domain Associates, Travistock Life Sciences.

Details: Somaxon develops central nervous system-focused drugs. The company has lost more than 90% of its market capitalization since it went public in 2005, according to data from Nasdaq.

Taiwan Liposome Co.



Amount/Round: Undisclosed

Investors: Burrill & Co.

Details: The company, which calls itself “TLC,” is working on drug development technology based on lipid formulation.

Viamet Pharmaceuticals Inc.

Morrisville, N.C.


Amount/Round: $18M/B

Investors: Novartis Option Fund, Lilly Ventures, Intersouth Partners, Hatteras Venture Partners, Lurie Investment Fund and Astellas Venture Management.

Details: The company is working to develop novel pharmaceutical compounds with metalloenzyme inhibitors.

Zosano Pharma Inc.

Fremont, Calif.


Amount/Round: $30M/B

Investors: Nomura Phase4 Ventures, New Enterprise Associates, HBM BioVentures and ProQuest Investments.

Details: Zosano was founded in 2006 as a Johnson & Johnson Internal Ventures spinout from the ALZA Co., to work on several product opportunities based on the company’s transdermal microprojection delivery system. It previously raised a $90 million Series A round.



San Francisco


Amount/Round: Undisclosed/B

Investors: Greylock Partners, Sequoia Capital

Details: No financial details were reported. The company makes anti-phishing, web-content filtering and DNS security products. OpenDNS previously raised $2.5 million from Minor Ventures.


Nibi Software Group

Stillwater, Minn.


Amount/Round: Undisclosed

Investors: Undisclosed

Details: Nibi makes collaborative learning software. The company’s undisclosed investment round came from a Vancouver-based firm, it reports. The new round came with a new COO.


ActiFio Inc.

Weston, Mass.


Amount/Round: $8M/A

Investors: NA

Details: Operates as a stealth storage startup. The company’s only listed executive is Ash Ashutosh, a partner with venture firm Greylock Partners and former StorageWorks chief technologist. Listed as a board member is James Goldstein, a partner with North Bridge Venture Partners, according to a regulatory filing.



Fairfax, Va.


Amount/Round: $1.25M/Debt

Investors: Silicon Valley Bank

Details: Core180 is a telecommunications network integrator. It saw revenue shoot to $24 million in 2008, up from $5.7 million in 2007, the company reports.

Goodman Networks Inc.

Plano, Texas


Amount/Round: $62M/Undisclosed

Investors: The Stephens Group

Details: Goodman is a telecommunications services company.


Midvale, Utah


Amount/Round: Undisclosed

Investors: WestView Capital Partners

Details: The wireless application company had raised $37.8 million from venture capitalists such as Mayfield Fund, J.H. Whitney & Co., Tudor Capital and others, according to data from Thomson Reuters (publisher of PE Week).

Sources: peHUB Wire, company press releases and Thomson Reuters.

Data are for July 3 to July 9, 2009.

Edited by Alexander Haislip