Week in deals, June 1, 2009



Palo Alto, Calif.


Amount/Round: $200M/NA

Investors: Digital Sky Technologies.

Details: Operates a social networking site.

Plastic Jungle Inc.

Clovis, Calif.


Amount/Round: $4.8M/A

Investors: Shasta Ventures (led), Bay Partners, First Round Capital and Harrison Metal.

Details: Operates a website for trading gift cards.


OwnEnergy Inc.

New York


Amount/Round: NA/A

Investors: Clearpoint Ventures and GoGreen Capital.

Details: Develops wind power technology. The company is currently developing wind power projects in 13 U.S. states. The funding represents the second close on the Series A round. The company previously raised $4.63M in September from the New York City Investment Fund, Contour Venture Partners and EnerTech Capital. The company also hired Ray Henger, formerly a managing director in Credit Suisse’s U.S. Power and Renewables Group, as its finance director, and Chip Readling, former director of development at Noble Environmental Power, as its senior project manager.

UltraCell Corp.

Livermore, Calif.


Amount/Round: $3.8M/NA

Investors: BASF Venture Capital GmbH, OnPoint Technologies, Espirito Santo Ventures and Miami Valley Venture Fund.

Details: Develops light-weight fuel cells for mobile devices, such as laptops and cell phones. The company has now raised $30M in funding since it was founded in 2002.


OpenX Technologies Inc.

Pasadena, Calif.


Amount/Round: $10M/C

Investors: DAG Ventures, Accel Partners, Index Ventures, Mangrove Capital, First Round Capital and individual investor Jonathan Miller, who heads up News Corp’s digital media group.

Details: Provides online advertising services to Web publishers. The company has now raised $30.8M in funding.


Avid Radiopharmaceuticals Inc.

Amount/Round: $34.5M/D

Investors: Alta Partners, AllianceBernstein, Safeguard Scientifics, Pfizer Venture Investments, Lilly Ventures, RK Ventures Group and BioAdvance.

Details: Develops molecular imaging products. The company has now raised nearly $70M in funding since 2005.


San Diego


Amount/Round: $25.9M/NA

Investors: Kleiner Perkins Caufield & Byers, Enterprise Partners, DAG Ventures, Gund Investment Corp., InterWest Partners, Trex Enterprises and Wasatch Advisors’ Cross Creek Capital Fund.

Details: Develops vision correction technology. The company has now raised more than $100M in funding since 2002.


Aragon Pharmaceuticals

San Diego


Amount/Round: $8M/A

Investors: The Column Group and OrbiMed Advisors.

Details: Develops small molecule therapeutics for cancer treatments. Peter Svennilson, founder and managing partner of The Column Group, and Carl Gordon, founding general partner of OrbiMed, have joined the board.

Clovis Oncology Inc.

Boulder, Colo.


Amount/Round: $145M/A

Investors: Domain Associates, New Enterprise Associates, Versant Ventures, Aberdare Ventures, Abingworth, Frazier Healthcare Ventures, ProQuest Investments and the company’s management team.

Details: Develops anti-cancer agents. The company was founded by former executives of Pharmion, which was acquired in 2008 by Celegene for $2.9B. Of the investors of Clovis, all but Frazier Healthcare were investors in Pharmion.

Sagent Pharmaceuticals Inc.

Schaumburg, Ill.


Amount/Round: $30M/A

Investors: Vivo Ventures.

Details: Develops injectable drugs for cardiovascular and anti-bacterial treatments. The company has now raised $113M since 2007 from Vivo Ventures and Capricorn Investment Group. Sagent raised $53M in its first round in September 2007 and followed a year later with a $30M extension.


SpectraSensors Inc.

Houston, Texas


Amount/Round: $6M/NA

Investors: Blueprint Ventures, Nth Power, American River Ventures, Nomura Private Equity Investment, and Chevron Technology Venture Investments.

Details: Develops optical sensors for industrial applications. The company has now raised $32M since 2000.


Celtra Inc.

Cambridge, Mass.


Amount/Round: $1.2M/A

Investors: RSG Capital.

Details: Develops software-as-a service marketing platforms. RSG Capital is a Slovenian-based venture capital fund.

Host Analytics

Redwood, Calif.


Amount/Round: NA/B

Investors: Advanced Technology Ventures, Trident Capital and StarVest Partners.

Details: Develops business performance management software.

Mark Logic Corp.

San Carlos, Calif.


Amount/Round: $12.5M/NA

Investors: Sequoia Capital and Tenaya Capital.

Details: Develops software for information-centric applications. The company has now raised more than $51M in funding since 2003.

O4 Corp.

Atlanta, Ga.


Amount/Round: $15M/A

Investors: ABS Capital Partners.

Details: Develops mobile salesforce automation software for the retail industry. Laura Witt and Bobby Goswami, general partners at ABS Capital, have joined the board.



San Jose, Calif.


Amount/Round: $8.8M/D

Investors: Focus Ventures, Sequoia Capital, SAP Ventures, Telesoft Partners, Worldview Technology Partners and Invesco Private Capital.

Details: Develops data management technology. The company will use the funding to support its recent acquisition of Exaprotect, a Mountain View, Calif.-based security management business. The company has now raised more than $58M in total funding.