Week in deals, June 23, 2008

BIOTECH

Meritage Pharma Inc.

San Diego

www.meritagepharma.com

Amount/Round: $22.5M/A

Investors: Domain Associates, Latterell Venture Partners, The Vertical Group.

Details: Develops drugs to treat allergic inflammation of the gastrointestinal tract.

Mpex Pharmaceuticals

San Diego

www.mpexbio.com

Amount/Round: $8.5M/NA

Investors: GlaxoSmithKline.

Details: Develops antibacterial drugs. The deal is part of a strategic partnership with GlaxoSmithKline. In addition to the $8.5M upfront investment, the company is due to receive a $6.5M equity investment and milestones worth between $200M and $250M. The company previously raised nearly $35M in VC funding from Western States Investment Group, Aberdare Ventures, HBM BioVentures, Adams Street Partners and SV Life Sciences.

Vaccsys Inc.

Seattle

www.vaccsys.com

Amount/Round: $9M/A

Investors: Alta Partners, The Column Group,Versant Ventures.

Details: Develops vaccines. The funding is the first call down of an $18M Series A round, according to a regulatory filing.

CHIPS

Solarflare Communications Inc.

Irvine, Calif.

www.solarflare.com

Amount/Round: $26M/NA

Investors: Oak Investment Partners, Foundation Capital, Accel Partners, Amadeus Capital Partners.

Details: Develops semiconductors for network and system connectivity. The company has now raised more than $125M in total VC funding since early 2001.

CLEANTECH

Lehigh Technologies Inc.

Naples, Fla.

www.lehightechnologies.com

Amount/Round: NA/NA

Investors: Kleiner Perkins Caufield & Byers, Index Ventures.

Details: Provides rubber recycling services to manufacture such products as tires, automotive parts and other consumer goods. The company raised an $18M round led by Natural Gas Partners early last year.

COMMUNICATIONS

Funambol Inc.

Redwood City, Calif.

www.funambol.com

Amount/Round: $12.5M/B

Investors: Nexit Ventures (led), Castile Ventures, Walden International, HIG Ventures

Details: Develops open-source mobile application servers that provide push email and other communications services.

CONSUMER INTERNET

Answers Corp.

New York

www.answers.com

Amount/Round: $13M/PIPE

Investors: Redpoint Ventures.

Details: Operates an online reference portal. The company previously raised about $32M in several rounds of funding from Dawntreader Ventures, Flatiron Partners, Garage Technology Ventures, Goldman Sachs and other investors.

i2we Inc.

Berkeley, Calif.

www.i2we.com

Amount/Round: $750K/A

Investors: IDG Ventures San Francisco.

Details: Develops social networking applications, such as I Am Green, I Am Happy, I Am Teacher and other “I Am” applications on Facebook. The company was founded by Karel Baloun, the first senior engineer at Facebook.

JazzD Markets Inc.

Brookline, Mass.

URL NA

Amount/Round: $8M/A

Investors: Commonwealth Capital Ventures, Pilot House Ventures.

Details: A startup developing an online directory. The company is run by former Aberdeen Group CEO James Bedard.

LinkedIn Corp.

Mountain View, Calif.

www.linkedin.com

Amount/Round: $53M/D

Investors: Bain Capital Ventures (led), Sequoia Capital, Bessemer Venture Partners, Greylock Partners.

Details: Operates a social networking company for businesspeople. The funding was at a valuation of about $1B. The company has now raised $80M in funding, including a $12.8M Series C round in early 2007 at a valuation of about $250M.

Wazoo Sports Inc.

London, Ky.

www.wazoosports.com

Amount/Round: $2M/NA

Investors: Meritus Ventures.

Details: Operates a high school sports broadcast network.

Zoosk

San Francisco

www.zoosk.com

Amount/Round: $4.1M/B

Investors: Canaan Partners, ATA Ventures.

Details: Operates a social dating network. Deepak Kamra, general partner at Canaan Partners, has joined the board.

ENTERTAINMENT & RECREATION

Control4 Corp.

Draper, Utah

www.control4.com

Amount/Round: $20M/F

Investors: Foundation Capital, Frazier Technology Ventures, Thomas Weisel Venture Partners, vSpring Capital.

Details: Develops home control and entertainment system solutions. The company has raised more than $80M since 2003.

FINANCIAL

On Deck Capital Inc.

New York

www.ondeckcapital.com

Amount/Round: $100M/debt

Investors: Silar Advisors.

Details: Provides financing for small businesses that wouldn’t normally qualify for bank loans. The company previously raised VC funding from RRE Ventures, Village Ventures, First Round Capital, Khosla Ventures and Contour Venture Partners.

MED TECH

Cameron Health Inc.

San Clemente, Calif.

www.cameronhealth.com

Amount/Round: $51.5M/E

Investors: PTV Sciences, Boston Scientific, Delphi Ventures, Sorrento Ventures, Three Arch Partners, Versant Ventures.

Details: Makes implantable devices for the treatment of cardiac disorders. Piper Jaffray served as placement agent. The company has now raised more than $130M since early 2001.

SECURITY

Neocleus Inc.

Jersey City, N.J.

www.neocleus.com

Amount/Round: $11.4M/B

Investors: Battery Ventures, Gemini Israel Funds.

Details: Provides endpoint virtualization solutions. The company has raised more than $17M since December 2006.

SOFTWARE

ImageSpan Inc.

Sausalito, Calif.

www.imagespan.com

Amount/Round: $11M/B

Investors: Bertelsmann Digital Media Investments (led), New York City Investment Fund, City Lights Capital Management, Ackerley Partners, Greycroft Partners, Village Ventures

Details: Develops licensing automation for digital content to settle royalty payments.

PSS Systems Inc.

Mountain View, Calif.

www.pss-systems.com

Amount/Round: $18M/D

Investors: FTVentures (led), Lightspeed Venture Partners, Azure Capital Partners, Granite Ventures, Cipio Partners.

Details: Develops software for the legal industry. The company, f.k.a. Pervasive Security Systems Inc., raised $16M in a Series A round in September 2001. Eric Byunn, partner at FTVentures, has joined the board.

RoundBox Inc.

Florham Park, N.J.

www.roundbox.com

Amount/Round: $12M/C

Investors: Montagu Newhall Associates, Core Capital Partners, Polaris Venture Partners, RRE Ventures.

Details: Develops mobile broadcast software. The funding is the first call down of a $20M Series C round, according to a regulatory filing. The company previously raised $23M over two rounds.

Verticals onDemand

Pleasanton, Calif.

www.verticalsondemand.com

Amount/Round: $4M/A

Investors: Emergence Capital Partners.

Details: Develops customer relationship management software solutions.

TECHNOLOGY

ShotSpotter Inc.

Mountain View, Calif.

www.shotspotter.com

Amount/Round: $7.5M/D

Investors: The Westly Group (led), Norwest Venture Partners, Broidy Capital Management, Band of Angels, City Light Capital, Claremont Creek Ventures, Labrador Ventures, Lauder Partners, Levensohn Venture Partners.

Details: Provides gunshot location systems for the public safety and military markets. The company has raised more than $30M since 2006.

TELECOM

TeleSphere

Phoenix

www.telesphere.com

Amount/Round: $10M/NA

Investors: Greenspun Corp., Rally Capital, Hawkeye Capital.

Details: Provides managed telecom and Internet services.