Week in deals, July 19, 2010


Accuri Cytometers Inc.

Ann Arbor, Mich.


Amount/Round: $6M/E

Investors: Arboretum Ventures, Baird Venture Partners, Fidelity Biosciences, Flagship Ventures and InvestMichigan.

Details: Develops flow cytometers for life science research. The company has raised at least $31M in prior rounds, including a $4M Series D round in July 2009.

Metamark Genetics Inc.

Cambridge, Mass.


Amount/Round: $22M/B

Investors: NA

Details: Develops molecular diagnostics technology focused on cancer. The company, based on technology discovered at Harvard Medical School, previously raised $4.7M in funding.

Visterra Inc.

Cambridge, Mass.


Amount/Round: $6M/A

Investors: Flagship Ventures, Lux Capital and Polaris Venture Partners.

Details: Develops technologies that can interrogate how pathogens interact with human cells. The company is an MIT spinout and was f.k.a. Parasol Therapeutics when it was founded in 2007.



Troy, Mich.


Amount/Round: $23.5M/B

Investors: Khosla Ventures and individual investor Bill Gates.

Details: Develops low-emission, fuel-efficient diesel engines. The company previously raised just over $5M in capital. The company’s management team includes CEO Don Runkle, who previously headed General Motors’ EV1 project in the mid-1990s, and CTO Peter Hofbauer, who designed Volkwagon’s clean diesel engine.

Power Assure Inc.

Santa Clara, Calif.


Amount/Round: $11.25M/B

Investors: Good Energies, Point Judith Capital and Draper Fisher Jurvetson.

Details: Provides power management solutions for data centers. Bernard Brenninkmeijer from Good Energies and Zaid Ashai from Point Judith Capital have joined the board. The company previously raised $2.5M in Series A funding from Draper Fisher Jurvetson and individual investors.


Morphlabs Inc.

El Segundo, Calif.


Amount/Round: $5.5M/B

Investors: Global Gateway Investment Group (led), Frontera Group, CSK Venture Capital and AO Capital Partners.

Details: Develops cloud platform technology.


Beyond the Rack

Montreal, Quebec


Amount/Round: $12M/NA

Investors: Highland Capital Partners and BDC Venture Capital.

Details: Operates a private sale club online for North America. The company previously raised $4.5M from European Internet entrepreneurs Oleg Tscheltzoff and Oliver Jung, venture fund Montreal Start Up and entrepreneur and angel investor David Chamandy.


San Francisco


Amount/Round: $14M/B

Investors: Crosslink Capital (led) and Mohr Davidow Ventures.

Details: Operates a social entertainment website. The company previously raised a $20M Series A round from Mohr Davidow Ventures.


Cambridge, Mass.


Amount/Round: $1.7M/A

Investors: Trinity Ventures (led), Founder Collective, High Line Ventures and NextView Ventures.

Details: Operates an online kids clothing exchange.


New York


Amount/Round: $15M/B

Investors: Founders Fund (led) and Khosla Ventures.

Details: Provides appointment booking services for dentists and doctors. The company previously raised $3.3M in Series A funding from Khosla Ventures and an undisclosed amount from individual investors SalesForce.com founder/CEO Marc Benioff and Amazon.com founder/CEO Jeff Bezos. The company’s services are currently available in New York, Washington D.C., San Francisco and Chicago, but is planning to expand nationwide.


National Billing Partners

Austin, Texas


Amount/Round: NA/NA

Investors: OCA Ventures.

Details: Develops financial services for health care providers.



New York


Amount/Round: $38.5M/NA

Investors: Index Ventures and Accel Partners.

Details: Provides a Web publishing platform. The funding is the company’s first round of outside capital. Dominique Vidal from Index Ventures’ growth team, Andrew Braccia from Accel Partners and Jonathan Klein, founder and CEO of Getty Images, have joined the board.



New York


Amount/Round: $3.75M/A

Investors: Rho Ventures.

Details: Provides social network analysis for ad targeting. The company also has an office in Redwood City, Calif. David Carlick, a partner at Rho Ventures, has joined the board.


BarRx Medical Inc.

Sunnyvale, Calif.


Amount/Round: $15M/D

Investors: Highland Capital Partners (led), Delphi Ventures, Alloy Ventures, Frazier Healthcare Ventures, Sutter Hill Ventures and Greenspring Associates.

Details: Develops endoscopic solutions for treating precancerous lesions of the esophagus.

Invuity Inc.

San Francisco


Amount/Round: $13.2M/NA

Investors: InterWest Partners and Kleiner Perkins Caufield & Byers.

Details: Provides on-field illumination solutions for less invasive medical procedures. The funding is the first close of a $16M VC funding round, according to a regulatory filing.

iPierian Inc.

South San Francisco


Amount/Round: $22M/B

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

Details: Develops regenerative medicine technology that uses induced pluripotent stem cells. The company has now raised $54M since its inception in 2007. Krishna Yeshwant, a partner at Google Ventures, has joined the board.


Santa Rosa, Calif.


Amount/Round: $60M/C

Investors: Pinnacle Ventures (led), New Enterprise Associates, Delphi Ventures, MPM Capital and Kearny Venture Partners.

Details: Develops endovascular repair devices for treating abdominal aortic aneurysms. The company previously raised $95M in funding, part of which was used to purchase TriVascular from Boston Scientific.

Ventus Medical

Belmont, Calif.


Amount/Round: $40M/D

Investors: NA

Details: Develops devices focused on obstructive sleep apnea. No investors were listed, but past backers include Mohr Davidow Ventures, De Novo Ventures and Johnson & Johnson Development Corp. In other company news, former Bayer Healthcare executive Peter Wyles has joined Ventus Medical as president and CEO.


Aurora Feint Inc.

Burlingame, Calif.


Amount/Round: $5M/NA

Investors: YouWeb and The9 Ltd.

Details: Operates a social gaming platform for the iPhone. The company plans to develop its gaming platform for the Android mobile phone. Investor The9 is a Chine online gaming company.

cMoney Inc.



Amount/Round: $100M/NA

Investors: AGS Capital Group.

Details: Develops mobile payment technology and services. The company previously raised $15M from Kodiak Capital Group.


Calithera Biosciences

South San Francisco


Amount/Round: $40M/A

Investors: Morgenthaler Ventures (led), .S. Venture Partners, Advanced Technology Ventures, Delphi Ventures and Mission Bay Capital.

Details: Develops oncology therapeutics to treat cancer and other diseases.

Reata Pharmaceuticals Inc.

Irving, Texas

Amount/Round: $78M/NA

Investors: CPMG Inc. (co-led) and Novo AS (co-led).

Details: Develops oral anti-inflammatory drugs. The company now has raised more than $180M in total VC funding since its 2002 inception.

Trevena Inc.

Berwyn, Penn.


Amount/Round: $35M/B

Investors: Polaris Venture Partners (co-led), New Enterprise Associates (co-led), Alta Partners, Healthcare Ventures and Yasuda Enterprise Development Co.

Details: Develops drugs that target G-protein coupled receptors. The company previously raised $24M in funding. Farah Champsi, managing director at Alta Partners; Christopher Mirabelli, partner at Healthcare Ventures; Robert Garland, partner at New Enterprise Associates; Terry McGuire, managing partner at Polaris Venture Partners; Ralph Snyderman, chancellor emeritus, Duke University; and James Duke, professor of medicine at the Duke University School of Medicine have joined the board.

Zogenix Inc.

San Diego


Amount/Round: $15M/C

Investors: Clarus Ventures, Domain Associates, Scale Venture Partners, Thomas, McNerney & Partners, Abingworth Management and Chicago Growth Partners.

Details: Develops drugs focused on pain management and central nervous system disorders. The company, which previously had raised $71M, also announced that it has secured a $35M debt facility from Oxford Finance Corp. and Silicon Valley Bank.



Toronto, Ontario


Amount/Round: $10M/NA

Investors: Bridgescale Partners.

Details: Provides on-demand workforce management solutions. The funding is split into a pair of $5M tranches and brings total investment into the company to $20M. The company also has an office in Atlanta.

iLevel Solutions

New York


Amount/Round: $6M/NA

Investors: Egis Capital Partners, Swift River Investments and Epiphany Ventures.

Details: Provides private equity software and reporting solutions.

Mobile Iron Inc.

Mountain View, Calif.


Amount/Round: $16M/C

Investors: NA

Details: Develops device management software for smartphones. Past backers include Storm Ventures, Sequoia Capital, Norwest Venture Partners and Big Basin Ventures. The company raised an $11M Series B round in August 2009.


Vivox Inc.

Framingham, Mass.


Amount/Round: $2M/NA

Investors: Peacock Equity.

Details: Provides VoIP services for online games and virtual worlds. The company previously raised about $20.6M from Benchmark Capital, Canaan Partners, Grandbanks Capital and IDG Ventures San Francisco.