Week in deals, March 1, 2010


Adura Technologies Inc.

San Francisco


Amount/Round: $12M/NA

Investors: NGEN Partners (led), VantagePoint Venture Partners and Claremont Creek Ventures.

Details: Develops wireless lighting management systems for offices and other commercial facilities. The company raised a $5M Series A round in late 2008.

CFX Battery Inc.

Pasadena, Calif.


Amount/Round: $14.2M/B

Investors: CMEA Capital, Harris & Harris, Schlumberger and US Venture Partners.

Details: Develops primary and rechargeable batteries enabled by nanotechnology. The company says it has now raised $29.4M in total VC funding.


San Diego


Amount/Round: NA/Series A

Investors: Tao Venture Partners and individual investor Jens Molba.

Details: Develops automated kiosks for recycling consumer electronics. The funding is the first close on the Series A, which is expected to close within the next month or two, according to the company. Investor Jens Molba, who has joined ecoATM’s board of directors, is the founder of Coinstar.

Enerkem Technologies Inc.



Amount/Round: $54M/NA

Investors: Waste Management Inc., Rho Ventures, Braemar Energy Ventures, BDR Capital and Cycle Capital.

Details: Develops synthetic gas and other alternative fuels.

General Compression Inc.

Newton, Mass.


Amount/Round: $17M/A

Investors: US Renewables Group (led) and Duke Energy.

Details: Develops compressed air energy storage systems for commercial-scale wind power systems.


Eleutian Technology LLC

Ten Sleep, Wyo.


Amount/Round: $10M/NA

Investors: Cheyenne Capital Fund.

Details: Provides online English education to students in Asia. Bob Grady of Cheyenne has joined the board.


Palo Alto, Calif.


Amount/Round: $6.6M/A

Investors: Alsop Louie Ventures, TL Ventures and Presidio Ventures.

Details: Develops an online gaming experience for teaching English to children. The company also announced that Tom Kalinske, former CEO and chairman of Leapfrog, was named executive chairman.


Austin, Texas


Amount/Round: $5.5M/B

Investors: Bain Capital Ventures.

Details: Provides online tools to help students manage the process of obtaining a college degree.



San Francisco


Amount/Round: $25M/C

Investors: Institutional Venture Partners (led), Kleiner Perkins Caufield & Byers, Norwest Venture Partners and Maples Investments.

Details: Develops gaming software for the iPhone and iPod Touch. The company has now raised about $44M in funding.


Currensee Inc.



Amount/Round: $8M/B

Investors: North Bridge Venture Partners (led) and Egan-Managed Capital.

Details: Operates an online trading network. The company raised a $6M Series round in October from North Bridge.

EveryScape Inc.

Waltham, Mass.


Amount/Round: $6M/C

Investors: SK Telecom Americas (led), Dace Ventures and Draper Fisher Jurvetson.

Details: Develops virtual platforms for viewing destinations. The company has now raised about $20M in total funding.


Dukky LLC

New Orleans


Amount/Round: NA/B

Investors: LongVue Capital.

Details: Provides online marketing software services. The company previously raised $3M in funding.


Pulmonx Corp.

Redwood City, Calif.


Amount/Round: $32M/NA

Investors: HealthCap (co-led), Kleiner Perkins Caufield & Byers (co-led), DeNovo Ventures, Latterell Venture Partners, MedVenture Associates, Montreux Equity Partners and POSCO BioVentures.

Details: Develops medical devices for the treatment of patients with severe emphysema. The company has now raised about $65M in funding.

Seahorse Bioscience, Inc.

Billerica, Mass.


Amount/Round: $5M/D

Investors: Commonwealth Capital Ventures, FLIR Systems Inc, Rock Maple Ventures, Life Sciences Partners, Oxford Bioscience Partners, Healthcare Ventures, New Science Ventures and HLM Venture Partners.

Details: Develops medical instrument for biological research and drug discovery. The company has now raised about $30M in funding.


Clicker Media Inc.

Los Angeles


Amount/Round: $11M/B

Investors: Jafco Ventures (led), Benchmark Capital and Redpoint Ventures.

Details: Operates a programming guide portal for Internet television.


Alameda, Calif.


Amount/Round: $2.5M/seed

Investors: Maples Investments, Baseline Ventures, Founder Collective and individual investors Ron Conway and Kenneth Lerer.

Details: Operates as a digital publisher that mixes media including text, video, pictures, social media and links.


Luminus Devices Inc.

Billerica, Mass.


Amount/Round: $19M/F

Investors: Argonaut Private Equity, Braemar Energy Ventures, Paladin Capital Group and Stata Venture Partners.

Details: Develops LED products for display and illumination applications. The company raised a $72M Series E round in early 2008.

Quantenna Communications Corp.

Fremont, Calif.-


Amount/Round: $15M/D

Investors: Grazia Equity, Sequoia Capital, Sigma Partners, Southern Cross, Swisscom and Venrock.

Details: Operates as a fabless maker of wireless chipsets. The company has now raised about $64M in total VC funding.


Pano Logic Inc.

Menlo Park, Calif.


Amount/Round: $20M/C

Investors: Mayfield Fund (LED), Goldman Sachs and Foundation Capital.

Details: Develops virtual desktop hardware and software to enable server-based computing. The company previously raised more than $24M in funding from Foundation Capital and Goldman Sachs.

VMOps Inc.

Cupertino, Calif.


Amount/Round: $8.8M/B

Investors: Redpoint Ventures

Details: Develops software that allows enterprises and service providers to build Infrastructure as a Service clouds. The funding is the first close of an $11M Series B round, according to a regulatory filing. The company previously raised an undisclosed amount of Series A funding led by Redpoint Ventures.


GreenRoad Technologies Inc.

Redwood Shores, Calif.


Amount/Round: $10M/NA

Investors: Generation Investment Management.

Details: Develops driver safety technologies that also aim to reduce fuel consumption. The company previously raised about $32.5M from Benchmark Capital, DAG Ventures, Virgin Green Fund, Amadeus Capital Partners and Balderton Capital.