Week in deals, March 15, 2010

BIOTECH

Eureka Genomics

Hercules, Calif.

www.eurekagenomics.com

Amount/Round: $3.7M/seed

Investors: Individual investors.

Details: Develops bioinformatics analysis of sequencing data.

Saladax Biomedical Inc.

Bethlehem, Penn.

www.saladax.com

Amount/Round: $8.4M/C

Investors: Excel Venture Management (led), Golden Seeds LLC, Ben Franklin Technology Partners and the Life Sciences Greenhouse of Central Pennsylvania.

Details: Develops diagnostic tests for the delivery of personalized medicine. The company previously raised $11.5M in funding.

Vaxart Inc.

San Francisco

www.vaxart.com

Amount/Round: $12.5M/B

Investors: Care Capital.

Details: Develops oral-delivery vaccines.

CONSUMER INTERNET

Stylesight

New York

www.stylesight.com

Amount/Round: $10M/B

Investors: Cue Ball Capital, Volition Capital (f.k.a. Fidelity Ventures.

Details: Provides fashion information online. The company previously raised $16M in funding.

Local Dirt

Madison, Wis.

www.localdirt.com

Amount/Round: NA/NA

Investors: Peak Ridge Capital.

Details: Operates an online marketplace for food products.

Posterous

San Francisco

www.posterous.com

Amount/Round: $4.4M/A

Investors: Redpoint Ventures (co-led), Trinity Ventures (co-led), SV Angel, Founder Collective, Lowercase Capital, XG Ventures and individual investors Brian Pokorny and Aydin Senkut.

Details: Operates a blog publishing platform.

TripIt Inc.

San Francisco

www.tripit.com

Amount/Round: $7M/C

Investors: Azure Capital Partners (co-led) and OATV (co-led).

Details: Provides an online travel organizer and social network. The company previously raised $6.1M, including a $5.1M Series B round from OATV, Sabre Holdings and Europeean Founders Fund.

ECOMMERCE

Kwedit Inc.

Mountain View, Calif.

www.kwendit.com

Amount/Round: $3.3M/A

Investors: True Ventures, Maples Investments and Fenwick & West.

Details: Develops a payment platform for virtual goods and social games. The company previously raised an undisclosed amount of seed funding.

Payfone Inc.

New York

www.payfone.com

Amount/Round: $6M/B

Investors: NA

Details: Develops ecommerce technology that allows users to pay for online goods via mobile devices. Bob Borchers, a partner with Opus Capital, is listed as a new board director. The company previously raised about $1.6M in a round led by RRE Ventures.

ShopIgniter Inc.

Portland, Ore.

www.shopigniter.com

Amount/Round: $3M/A

Investors: Madrona Venture Group.

Details: Develops multi-channel ecommerce software. Tom Alberg, managing director at Madrona Ventures, has joined the board.

EDUCATION

American Sentinel University

Aurora, Colo.

www.americansentinel.edu

Amount/Round: $9M/growth

Investors: JLL Partners.

Details: Operates an online university that provides degree programs for professionals.

INTERNET

Lucid Imagination

Mountain View, Calif.

www.lucidimagination.com

Amount/Round: $10M/B

Investors: Granite Ventures, Shasta Management and Walden International.

Details: Provides open source search technologies. The company previously raised $6M in funding.

INTERNET MARKETING

DoubleVerify Inc.

New York

www.doubleverify.com

Amount/Round: $10M/B

Investors: Institutional Venture Partners (led), Blumberg Capital, First Round Capital and Genacast Ventures.

Details: Provides online advertising verification solutions., has raised $10M in Series B funding. The company raised a $3.5M Series A round in May 2009.

MED TECH

Carticept Medical Inc.

Alpharetta, Ga.

www.carticept.com

Amount/Round: $20M/B

Investors: SonoSite Inc., Domain Associates and New Enterprise Associates.

Details: Develops medical devices that help repair cartilage defects. The company previously raised about $25.55M in funding.

TransMedics Inc.

Andover, Mass.

www.transmedics.com

Amount/Round: $36M/E

Investors: Foundation Capital (co-led), Kleiner Perkins Caufield & Byers (co-led) and Flagship Ventures.

Details: Develops portable life support systems for organ transplant. In December 2008, the company canceled an $86.25M IPO, citing “market conditions.” At the time, it had raised about $90M in total VC funding from 3i Group, Tudor Investment Corp., Flagship, VantagePoint Venture Partners, Sherbrooke Partners, Alta Partners, CB Health Ventures, Posco BioVentures and Sagamore Bioventures.

MISCELLANEOUS

JimmyJane Inc.

San Francisco

www.jimmyjane.com

Amount/Round: $2M/NA

Investors: Palo Alto Investors.

Details: Manufactures sexual accessories. The company has now raised $8.3M in total funding.

PHARMACEUTICALS

Omthera Pharmaceuticals Inc.

Bedminster, N.J.

www.omthera.com

Amount/Round: $6.5M/A

Investors: Sofinnova Partners.

Details: Develops treatments for dyslipidemia, or high blood cholesterol caused by too many fatty substances in the blood.

RFID

Alien Technology Corp.

Morgan Hill, Calif.

www.alientechnology.com

Amount/Round: $10.9M/NA

Investors: Advanced Equities, New Enterprise Associates and Sunbridge Partners.

Details: Develops RFID technology. The company previously raised about $300M over nine rounds of funding.

SEMICONDUCTORS

Tilera Corp.

Santa Clara, Calif.

www.tilera.com

Amount/Round: $25M/C

Investors: Broadcom Corp., Quanta Computer and NTT Financing Corp.

Details: Operates as an ASIC fabless semiconductor company. The company previously raised $39M from Bessemer Venture Partners, Columbia Capital and Walden International.

SiBeam Inc.

Sunnyvale, Calif.

www.sibeam.com

Amount/Round: $36.5M/D

Investors: Foundation Capital (led), Lux Capital, Hatteras Funds, U.S. Ventures Partners and New Enterprise Associates.

Details: Develops semiconductor systems solutions for wireless communications platforms. The company previously raised more than $80M.

SOFTWARE

SensAble Technologies Inc.

Woburn, Mass.

www.sensable.com

Amount/Round: $8M/NA

Investors: HLM Venture Partners and North Bridge Venture Partners.

Details: Provides 3D touch-enabled digital solutions for commercial software development. The company has now raised $38M in total VC funding since 1996.

1010data

New York

www.1010data.com

Amount/Round: $35M

Investors: Norwest Venture Partners.

Details: Provides analytics, data publishing and warehousing services. The company was founded in 2000 and does not appear to previously have taken institutional funding. Jon Kossow, a partner with Norwest Venture Partners, is listed as a board member.

STORAGE

RainStor Inc.

San Francisco

www.rainstor.com

Amount/Round: $7.5M/B

Investors: Storm Ventures (co-led), Informatica (co-led), Doughty Hanson Technology Ventures and The Dow Chemical Co.

Details: Provides online information storage services. The company also maintains an office in the United Kingdom.

Scale Computing Inc.

Indianapolis

www.scalecomputing.com

Amount/Round: $9M/B

Investors: Benchmark Capital (led), Blue Chip Venture Co., CID Equity and Spring Mill Venture Partners.

Details: Provides end-to-end mid-market clustered storage solutions.

VIDEO

SeaWell Networks Inc.

Toronto, Ontario

www.seawellnetworks.com

Amount/Round: $7M/A

Investors: BDC Venture Capital (led), Northwater Intellectual Property Fund and Ontario Centres of Excellence.

Details: Provides Internet video distribution products.

WIERLESS COMMUNICATIONS

ActiveTrak Inc.

Portland, Ore.

www.activetrak.com

Amount/Round: NA/A

Investors: ProtectCell.

Details: Provides mobile endpoint security solutions.

Cardagin Networks Inc.

Charlottesville, Va.

www.cardagin.com

Amount/Round: $1M/A

Investors: Undisclosed individual investors.

Details: Develops a mobile marketing platform.

Kineto Wireless Inc.

Milpitas, Calif.

www.kineto.com

Amount/Round: $9M/E

Investors: Oak Investment Partners, Motorola, Sutter Hill Ventures, Venrock and Seapoint Ventures

Details: Develops wireless infrastructure software for cellular phones. The funding is the first close of a $15M fifth-round of funding, according to a regulatory filing. The company previously raised about $103M in total funding since 2001 from Oak Investment Partners, Sutter Hill Ventures, Venrock, Seapoint Ventures, Motorola and InterDigital Communications Corp.