Week in deals, March 17, 2008

BIOTECH

BrainCells Inc.

San Diego

www.braincellsinc.com

Amount/Round: $30M/B

Investors: MedImmune Ventures (led), Bay City Capital, Oxford Bioscience Partners, Technology Partners, Pappas Ventures, Neuro Ventures.

Details: Develops drugs targeting mood and anxiety disorders. The funding was a first close on a $40M Series B round. William Bertrand Jr., senior vice president and general counsel of MedImmune, has joined the board.

EKR Therapeutics Inc.

Cedar Knolls, N.J.

www.ekrtx.com

Amount/Round: $50M/D

Investors: MPM Capital (co-led), LLR Partners (co-led), Quaker BioVentures, NewSpring Capital, ESP Equity Partners.

Details: Provides prescription products and therapeutic solutions for cancer patients. The company also secured $95M in senior debt from GE Healthcare Financial Services.

NanoBio Corp.

Ann Arbor, Mich.

www.nanobio.com

Amount/Round: $10M/NA

Investors: Perseus.

Details: Develops anti-infective products and mucosal vaccines. The funding is the third and final tranche of a $30M round, which was triggered by the completion of certain clinical milestones.

CHIPS

Pixim Inc.

Mountain View, Calif.

www.pixim.com

Amount/Round: $6.6M/B

Investors: In-Q-Tel, Mayfield Fund, Ridgewood Capital, Tallwood Venture Capital.

Details: Develops chips for the digital imaging market.

CLEANTECH

Climos

San Francisco

www.climos.com

Amount/Round: $3.5M/A

Investors: Braemar Energy Ventures (led) and individual investor Elon Musk (co-founder of PayPal and chairman of Tesla Motors).

Details: Researches and develops large scale techniques to remove CO2 from the atmosphere.

Coskata Inc.

Warrenville, Ill.

www.coskataenergy.com

Amount/Round: $19.5M/B

Investors: Globespan Capital Partners, General Motors, Khosla Ventures, GreatPoint Ventures, Advanced Technology Ventures.

Details: Develops technologies for processing biorefuse into ethanol. Globespan had not previously been a disclosed investor of the company.

CONSUMER MERCHANDISE

Snikiddy

Bethesda, Md.

www.snikiddy.com

Amount/Round: $15M/NA

Investors: D.E. Shaw.

Details: Makes organic snacks for children. D.E. Shaw managing Director Bryan Martin has joined the board.

CONSUMER INTERNET

Giant Realm

New York

www.giantrealm.com

Amount/Round: $3.5M/NA

Investors: William Morris Agency, Comcast Interactive Capital, Edison Venture Fund.

Details: Operates a website geared to young males. The company says it reaches 3.75 million unique visitors a month, most of them in the 16-year-old to 34-year-old male age group. CEO James Green is a former executive at The Walt Disney Co. and Pixar Animation Studios.

Kyte

San Francisco

www.kyte.tv

Amount/Round: $6.1M/B

Investors: Steamboat Ventures, Intellect Capital Ventures.

Details: Operates a social networking website that allows users to post music and online video at multiple destinations. The funding brings the round total to $21.1M after the company held a $15M first close in December. Prior backers include Nokia Growth Partners, DoCoMo Capital, TelefĂ³nica, Draper Fisher Jurveston, Holtzbrinck Ventures and Swisscom.

Searchme

Mountain View, Calif.

www.searchme.com

Amount/Round: $15M/D

Investors: Lehman Brothers (led), Sequoia Capital, DAG Ventures.

Details: Develops a search engine that provides results as a browsable stack of preview pages, a layout similar to the scrollable album cover art feature in Apple’s iTunes. The company has now raised $31M in total. Individual investors include actor/comedian Will Ferrell. The company has been incubating at Sequoia for about three years, and is run by former AuctionDrop CEO Randy Adams.

Zivity

San Francisco

www.zivity.com

Amount/Round: $7M/B

Investors: BlueRun Ventures, Founders Fund.

Details: Operates an adult-themed social networking site containing nude and semi-nude photos of models. It currently is beta testing. Company co-founder Scott Banister previously co-founded anti-spam and spyware company IronPort Systems, which sold to Cisco Systems in 2007 for $830M. He also was a board member and an early investor with Max Levchin at PayPal Inc. and a current board member at media company Slide Inc., also backed by Founders Fund. John Malloy, partner at BlueRun, and Luke Nosek, managing partner, of Founder Fund, have joined the board.

EDUCATION

TeachStreet Inc.

Seattle

www.teachstreet.com

Amount/Round: $2.25M/A

Investors: Madrona Venture Group.

Details: Operates an online marketplace for teaching and coaching services.

ENTERTAINMENT AND RECREATION

Big Bear Entertainment Inc.

Tiburon, Calif.

www.bigbearent.com

Amount/Round: $550K/A

Investors: El Dorado Ventures, Optix Pty Ltd.

Details: Develops animated music videos, a.k.a. video mods.

Fluid Entertainment

Mill Valley, Calif.

www.fluidentertainment.com

Amount/Round: $3.2M/A

Investors: Trinity Ventures.

Details: Develops online games for children between 6 and 11. The company raised seed round funding from the Band of Angels.

HEALTH CARE

LifeMasters Supported SelfCare Inc.

Irvine, Calif.

www.lifemasters.com

Amount/Round: $15M/NA

Investors: VantagePoint Venture Partners, Saints Capital, Opus Capital.

Details: Provides chronic care management services. The company has now raised about $60M since 1996.

TriHealix

Norwalk, Conn.

www.trihealix.com

Amount/Round: $7M/C

Investors: Lemhi Ventures.

Details: Develops technology for streamlining health care payments and consumer account settlements.

INTERNET

Drop.io

New York

www.drop.io

Amount/Round: $2.7M/A

Investors: DFJ Gotham, RRE Ventures.

Details: Operates as an online storage service.

Highwinds Network Group

Winter Park, Fla.

www.highwinds.com

Amount/Round: $55M/A

Investors: General Catalyst Partners, Alta Communications.

Details: Provides a content delivery network service that speeds various Internet content to its location.

Layered Technologies Inc.

Plano, Texas

www.layeredtechnologies.com.

Amount/Round: $11M/NA

Investors: Enhanced Equity Fund (led), Pangloss International.

Details: Provides on-demand hosting and other Web services.

OnCorp Direct Inc.

Toronto, Ontario

www.oncorp.com

Amount/Round: $6.8M/NA

Investors: VenGrowth.

Details: Provides online search and registration services to the legal, financial and business markets in Canada.

Tippit Inc.

San Francisco

www.tippit.com

Amount/Round: $12.2M/C

Investors: Granite Global Ventures (led), Lightspeed Venture Partners, Trinity Ventures.

Details: Provides Internet marketing services. The company had previously raised about $11M.

MARKETING

Jivox

San Mateo, Calif.

www.jivox.com

Amount/Round: $2.7M/seed

Investors: Opus Capital and individual investor and company founder Diaz Nesamoney (who previously helped form both Informatica and Celequest).

Details: Provides online video advertising services for local businesses.

Mochi Media Inc.

San Francisco

www.mochimedia.com

Amount/Round: $4M/A

Investors: Accel Partners.

Details: Provides advertising solutions within Flash games.

TargetSpot Inc.

New York

www.targetspot.com

Amount/Round: $8.6M/B

Investors: Bain Capital Ventures (led), Union Square Ventures, CBS Corp., Milestone Venture Partners.

Details: Provides advertising solutions for streaming audio. Jeffrey Glass, a partner at Bain Capital Ventures, has joined the board.

MED TECH

Allegro Diagnostics Corp.

Boston

www.allegrodx.com

Amount/Round: $4M/A

Investors: Kodiak Venture Partners (led), Catalyst Health Ventures, Boston University.

Details: Develops molecular diagnostics focused on lung cancer.

Calderome Inc.

Menlo Park, Calif.

URL NA

Amount/Round: $11.9M/A

Investors: Kleiner Perkins Caufield & Byers, TPG Biotechnology Partners, Versant Ventures.

Details: The startup develops cancer diagnostics. The funding is the first close of a $23M Series A round, according to a regulatory filing.

Cayenne Medical Inc.

Scottsdale, Ariz.

www.cayennemedical.com

Amount/Round: $15M/C

Investors: Investor Growth Capital (led), Split Rock Partners, MB Venture Partners.

Details: Provides sports medicine focused on soft tissue reconstruction. The company had previously raised $13.8M in funding. Stephen Campe, managing Director of Investor Growth Capital, has joined the board.

I-Therapeutix Inc.

Waltham, Mass.

www.itherapeutix.com

Amount/Round: $6M/B

Investors: SV Life Sciences, Versant Ventures.

Details: Develops therapeutic products for ophthalmology.

SECURITY

Click Forensics Inc.

Austin, Texas

www.clickforensics.com

Amount/Round: $10M/B

Investors: Sierra Ventures (led), Austin Ventures, Shasta Ventures.

Details: Provides click-fraud reporting services. The company raised a $5M Series A round in early 2007.

SOFTWARE

Gigya

Palo Alto, Calif.

www.gigya.com

Amount/Round: $9.5M/B

Investors: Mayfield Fund (led), Benchmark Capital, First Round Capital.

Details: Develops software that inserts multimedia into emails. The company raised a $4M Series A in February 2007.

Invoke Solutions

Waltham, Mass.

www.invoke.com

Amount/Round: $7M/NA

Investors: North Atlantic Capital (led), Bain Capital Ventures, BEV Capital.

Details: Develops communications and networking software. The company has now raised more than $38M in total VC funding since 1999.

Laszlo Systems

San Mateo, Calif.

www.laszlosystems.com

Amount/Round: $6.6M/C

Investors: WI Harper Group, General Catalyst Partners, Sofinnova Ventures, Mitsui & Co. Venture Partners.

Details: Develops a software platform for next-generation Web applications. The funding brings the round total to $14.6M, including an $8M first close in late 2006.

LogLogic

San Jose, Calif.

www.loglogic.com

Amount/Round: $1.5M/D

Investors: SAP Ventures.

Details: Develops software compliance applications. The company had previously raised $13.5M in the round from Focus Ventures, Sequoia Capital, Telesoft Partners, Worldview Technology Partners and Invesco Private Capital. The company has now raised $36M in total VC funding.

Pando Networks Inc.

New York

www.pando.com

Amount/Round: $8M/B

Investors: NA

Details: Develops P2P file-sharing software. The funding is the first close of a $21M Series B round, according to a regulatory filing.

WIRELESS COMMUNICATIONS

Altierre Corp.

San Jose, Calif.

www.altierre.com

Amount/Round: $22M/C

Investors: The Galleon Group (led), D.E. Shaw, ATA Ventures, Kinetic Ventures, Labrador Ventures.

Details: Provides wireless pricing solutions for retailers. The company had previously raised $30M in VC funding since January 2005.

Xirrus Inc.

Westlake Village, Calif.

www.xirrus.com

Amount/Round: $26M/C

Investors: Canaan Partners (led), August Capital, QuestMark Partners, U.S. Venture Partners, and individual investor and company CEO Dirk Gates.

Details: Provides WiFi solutions for businesses. The company has raised more than $46M since December 2005.