Week in deals, June 15, 2009

BIOTECH

NanoString Technologies

Seattle

www.nanostring.com

Amount/Round: $30M/C

Investors: Clarus Ventures (led), OVP Venture Partners and Draper Fisher Jurvetson.

Details: Develops a bar coding system for single molecules. The company has now raised more than $47M in funding since 2004.

CLEANTECH

AquaGenesis Inc.

San Francisco

www.aquagenesistech.com

Amount/Round: NA/A

Investors: Clean Pacific Ventures.

Details: Develops water purification and conditioning technology for the residential and commercial markets. John Swartley, founder and former CEO of Liquipure Technologies, has joined the board.

Solazyme Inc.

South San Francisco, Calif.

www.solazyme.com

Amount/Round: $57M/C

Investors: Braemar Energy Ventures (co-led), Lightspeed Venture Partners (co-led), VantagePoint Venture Partners, The Roda Group and Harris & Harris Group.

Details: Develops biofuels through the use of microalgae. The company has now raised more than $76M in total VC funding.

ENERGY MANAGEMENT

OutSmart Power Systems

Boston

www.outsmartinc.com

Amount/Round: $2M/seed

Investors: Bainco, The Clean Energy Venture Group and Manifold Products.

Details: Provides building electrical infrastructure management.

Tendril Networks Inc.

Boulder, Colo.

www.tendrilinc.com

Amount/Round: $30M/C

Investors: VantagePoint Venture Partners (led), Good Energies, RRE Ventures and Vista Ventures.

Details: Develops wireless sensors and networks for improving energy efficiency. Past backers Access Venture Partners and Appian Ventures were not noted in the company’s press release.

MED TECH

Active Implants Corp.

Memphis, Tenn.

www.activeimplants.com

Amount/Round: $10M/C

Investors: NA

Details: Provides polymer technology for the hip and knee segments of the orthopedic market.

Catheter Connections Inc.

Park City, Utah

www.catheterconnections.com

Amount/Round: $1.3M/seed

Investors: Kickstar Seed Fund/vSpring Capital.

Details: Develops technology to prevent hospital-acquired infections resulting from catheters.

Embrella Cardiovascular Inc.

Malvern, Penn.

www.embrella.net

Amount/Round: $5.1M/B

Investors: BioStar Ventures (led), Edwards Lifesciences Corp., MedFocus Fund.

Details: Develops a device for preventing dangerous debris from entering the brain during cardiovascular procedures.

Inspire Medical Systems Inc.

Minneapolis

www.inspiremedicalsystems.com

Amount/Round: $17M/B

Investors: Synergy Life Science Partners (led), Kleiner Perkins Caufield & Byers, Medtronic and U.S. Venture Partners.

Details: Develops a medical device to treat obstructive sleep apnea.

Optimal Reading Services Group Inc.

Homewood, Ala.

www.optimalreadings.com

Amount/Round: NA/NA

Investors: Health Evolution Partners.

Details: Provides medical imaging optimization services for hospitals, imaging centers and radiology groups.

Transcend Medical Inc.

Menlo Park, Calif.

www.transcendmedical.com

Amount/Round: $35M/B

Investors: HLM Venture Partners (led), Canaan Partners, Latterell Venture Partners, Technology Partners, Morgenthaler Ventures and Split Rock Partners.

Details: Develops medical devices to treat glaucoma.

NETWORKING

Telesphere

Scottsdale, Ariz.

www.telesphere.com

Amount/Round: $15M/NA

Investors: Rally Capital, Hawkeye Investments and Greenspun Corp.

Details: Provides managed telecommunication and Internet services.

Telx

New York

www.telx.com

Amount/Round: $43.5M/NA

Investors: RBC Capital Markets, CIT Communications and Media & Entertainment.

Details: Operates as privately-owned operator of network interconnection facilities.

PHARMACEUTICALS

Aileron Therapeutics

Cambridge, Mass.

www.aileronrx.com

Amount/Round: $40M/NA

Investors: Excel Medical Ventures (co-led), SR One (co-led), Lilly Ventures, Roche Venture Fund, Apple Tree Partners and Novartis.

Details: Develops cancer treatments using cell-permeable peptide technology. The company previously raised more than $17M in funding.

Savara Pharmaceuticals

Austin, Texas

www.savarapharma.com

Amount/Round: $1.4M/A

Investors: NA

Details: Develops inhalation drug delivery solutions.

Xanodyne Pharmaceuticals Inc.

Florence, Ky.

www.xanodyne.com

Amount/Round: $38M/NA

Investors: MPM Capital (led), AIG Investments, Aisling Capital, Blue Chip Venture Co., Essex Woodlands Health Ventures, HealthCare Ventures, Union Springs.

Details: Develops drugs for oncology, hematology and pain management. The company previously raised about $232M in total VC funding, including a $170M Series A-1 round in 2005 that helped finance its $210M acquisition of aaiPharma’s pharmaceutical division from bankruptcy. In October 2008, Xanodyne canceled a proposed $86.25M IPO due to “market conditions.”

SEMICONDUCTORS

NextIO Inc.

Austin, Texas

www.nextio.com

Amount/Round: $15M/D

Investors: Adams Capital Management, Crescendo Ventures, VentureTech Alliance and Dell.

Details: Develops fabless semiconductors. The company has now raised about $55M in total VC funding since 2003.

Semprius Inc.

Durham, N.C.

www.semprius.com

Amount/Round: $6.4M/B

Investors: In-Q-Tel, GVC Investment Fund, Arch Venture Partners, Applied Ventures, Illinois Ventures and Intersouth Partners.

Details: Develops printing technology for the manufacture of advanced semiconductor devices. The company has now raised more than $11M in funding since 2007.

Silicon Clocks Inc.

Fremont, Calif.

www.siliconclocks.com

Amount/Round: $10.3M/C

Investors: Silicon Labs, Charles River Ventures, Formative Ventures, Lux Capital and Tallwood Venture Capital.

Details: Develops timing products and solutions for electronic systems. The company has now raised more than $32M in funding since 2006.

SOFTWARE

Continuity Engine Inc.

Monroe, Conn.

www.continuity.net

Amount/Round: $1.5M/seed

Investors: Connecticut Innovations, LaunchCapital, company management and undisclosed individual investors.

Details: Provides software consulting services for community financial institutions.

Vyatta Inc.

San Mateo, Calif.

www.vyatta.com

Amount/Round: $10.1M/C

Investors: Comcast Interactive Capital, ArrowPath Venture Partners, Velocity Interactive Group and JPMorgan Partners.

Details: Develops open-source networking software and products. The company had previously raised about $24M in funding.

WIRELESS COMMUNICATIONS

Motally

San Francisco

www.motally.com

Amount/Round: $1M/A

Investors: BlueRun Ventures (led) and individual investor Ron Conway.

Details: Develops a mobile analytics platform.