Week in deals, March 3, 2008

BATTERIES

ActaCell Inc.

Austin, Texas

www.actacell.com

Amount/Round: $1M/A

Investors: DFJ Mercury, Applied Ventures, Good Energies.

Details: Develops high-power lithium ion batteries. The funding is the first close of a $5.1M Series A round.

BIOTECH

Affomic Corp.

New Haven, Conn.

URL NA

Amount/Round: $7M/A

Investors: Connecticut Innovations, Elm Street Ventures, Four Seasons Ventures.

Details: A biotechnology company in stealth mode.

Obalon Therapeutics Inc.

San Diego

URL NA

Amount/Round: $4.7M/A

Investors: Domain Associates (led), Okapi Ventures, Phagia Technology Inc.

Details: A drug developer startup.

CHIPS

Kilopass Technologies Inc.

Santa Clara, Calif.

www.kilopass.com

Amount/Round: $18M/C

Investors: BlueRun Ventures, Pitango Ventures, U.S. Venture Partners.

Details: Develops non-volatile memory technology. The company previously raised about $22M in funding.

Teranetics Inc.

Santa Clara, Calif.

www.teranetics.com

Amount/Round: $25M/D

Investors: LSI Corp., Columbia Capital, Granite Global Ventures, Global Catalyst Partners, Venrock, U.S. Venture Partners.

Details: Develops integrated circuits for next-generation Ethernet transport. The company previously raised $53M in funding, including a $20M Series C round in October 2006 at a PMV of about $85M.

CLEANTECH

Albeo Technologies Inc.

Boulder, Colo.

www.albeotech.com

Amount/Round: $1.5M/A

Investors: Green Spark Ventures.

Details: Makes long-lasting solid-state lighting products for commercial and industrial facilities. The company presented last week at the Venture Capital in the Rockies conference.

Ausra

Palo Alto, Calif.

www.ausra.com

Amount/Round: $30M/debt

Investors: Khosla Ventures, Kleiner Perkins Caufield & Byers.

Details: Develops solar electric power parks. The company is planning to raise $15M in follow-up funding from shareholders, prior to putting together a round that could be worth up to $150 million, according to CNet. The company previously raised more than $40M in VC funding last year.

Miles Electric Vehicles

Santa Monica, Calif.

www.milesev.com

Amount/Round: $15M/NA

Investors: Angeleno Group.

Details: Develops electric cars, including a sedan with a range of more than 120 miles per charge.

COMMUNICATIONS

Nistica Inc

Bridgewater, N.J.

www.nistica.com

Amount/Round: $9M/B

Investors: Battelle Ventures, Innovation Valley Partners.

Details: Designs and manufactures optical network systems and sub-systems.

CONSUMER

Trupanion

Seattle

www.trupanion.com

Amount/Round: $22M/NA

Investors: Maveron.

Details: Sells pet insurance to owners. Darryl Rawlings, founder and CEO of the company, is also the founder of Vetinsurance, a pet insurance company in Canada.

CONSUMER INTERNET

Comedy.com

Santa Monica, Calif.

www.comedy.com

Amount/Round: NA/A

Investors: Walden VC (led), Prism VentureWorks, Symbolic Action.

Details: Operates an online video web site focused on comedy. The company was founded by Dean Valentine, former president and CEO of United Paramount Network, and, before that, president of Walt Disney Television. Valentine also manages Symbolic Action.

Fanzter Inc.

Collinsville, Conn.

fanzter.com

Amount/Round: $1.87M/A

Investors: Second Avenue Partners, Curious Office Partners and individual investor Rich Barton (founder of Expedia and CEO of Zillow.com).

Details: The startup describes itself as a creator of consumer Internet products.

FriendFeed Inc.

Mountain View, Calif.

www.friendfeed.com

Amount/Round: $5M/A

Investors: Benchmark Capital (led) and company co-founders Paul Buchheit and Sanjeev Singh.

Details: Operates a social networking site focused on content sharing.

EDUCATION

GeoLearning Inc.

Iowa

www.geolearning.com

Amount/Round: $31M/A

Investors: Fidelity Ventures.

Details: Provides Web-based learning and development services to corporations, government agencies and non-profit groups. Fidelity Ventures Partner Roger Hurwitz has joined the board.

EMAIL

Proofpoint Inc.

Sunnyvale, Calif.

www.proofpoint.com

Amount/Round: $28M/F

Investors: DAG Ventures (led), Benchmark Capital, Bridgescale Partners, Inventures Group, JAFCO Ventures, Meritech Capital Partners, Mohr, Davidow Ventures, RRE Ventures.

Details: Provides email security solutions. The company has now raised $86M in total VC funding since mid-2003.

ENTERTAINMENT AND RECREATION

Alamofire Inc.

Southlake, Texas

www.alamofire.com

Amount/Round: $2M/A

Investors: The Founders Fund, Alsop Louie Partners.

Details: Develops games for social networking sites, such as “Packrat” for play on Facebook.

TidalTV Inc.

Baltimore

www.tidaltv.com

Amount/Round: $15M/A

Investors: New Enterprise Associates, Valhalla Partners.

Details: Helps viewers watch TV on PCs. Chairman Scott Ferber was a co-founder of Advertising.com, while CEO Mollie Spilman was a sales and marketing executive at Advertising.com.

FINANCIAL

Swift Financial

Wilmington, Del.

www.swiftfinancial.com

Amount/Round: $20M/B

Investors: Sutter Hill Ventures, Village Ventures, Permit Capital, Marshall & Ilsley Corp.

Details: Provides financial services to small businesses.

HEALTH CARE

BioIQ

Santa Barbara, Calif.

www.bioiq.com

Amount/Round: $2.5M/B

Investors: Great Pacific Capital.

Details: Develops health care information technology. Dave Gross, founder of Fastclick and managing partner of Great Pacific, has joined the board.

Dakim Inc.

Santa Monica, Calif.

www.dakim.com.

Amount/Round: $10.6M/C

Investors: Galen Partners.

Details: Develops cognitive fitness solutions designed to improve quality of life for aging individuals, including those suffering from dementia and Alzheimer’s disease. David Jahns, managing director at Galen, and William Williams, a special venture partner with Galen, have joined the board.

Portico Systems Inc.

Blue Bell, Pa.

www.porticosys.com

Amount/Round: $7.7M/B

Investors: Edison Venture Fund (led), Safeguard Scientifics.

Details: Provides software solutions for health insurance plans. Doug Petillo, partner at Edison, has joined the board.

INTERNET

Outbrain

New York

www.outbrain.com

Amount/Round: $5M/A

Investors: Gemini Israel Funds (co-led), Lightspeed Venture Partners (co-led), GlenRock Israel.

Details: Provides ratings and recommendations services and other widgets for blogs. The company was co-founded in early 2007 by Yaron Galai, the founder of Quigo Technologies Inc., which was acquired by AOL for $300 million last year. Daniel Cohen from Gemini, Yoni Cheifetz from Lightspeed and Ziv Kop from GlenRock have joined the board.

Panther Express

New York

www.pantherexpress.net

Amount/Round: $15.75M/B

Investors: Index Ventures (led), Gold Hill Capital, Greylock Partners.

Details: Provides digital content delivery services. The company previously raised a $6M Series A round in July 2006.

MANUFACTURING

Sub-One Technology

Pleasanton, Calif.

www.sub-one.com

Amount/Round: $24M/C

Investors: Nomura International (led), GE Energy Financial Services, Chevron Technology Ventures, Advanced Technology Ventures.

Details: Develops protective coatings for industrial applications.

MED TECH

Accumetrics Inc.

San Diego

www.accumetrics.com

Amount/Round: $28.8M/D

Investors: Arnerich Massena & Associates (co-led), BBT Fund (co-led), Essex Woodland Health Ventures, RiverVest, PTV Sciences, KB Partners, Kaiser Permanente Ventures.

Details: Develops technology to prevent and treat heart attack and stroke. The company has now raised $85M in total VC funding since 1996.

Adnavance Technologies Inc.

Vancouver

www.adnavance.com

Amount/Round: $3.7M/B

Investors: GrowthWorks Capital (led), JovInvestment Management, Business Development Bank of Canada.

Details: Develops detection molecular diagnostic tests for medical applications.

Cianna Medical

Aliso Viejo, Calif.

www.ciannamedical.com

Amount/Round: $9M/A

Investors: BioLucent, Fog City Fund, Windamere Venture Partners.

Details: Provides breast cancer radiation treatment devices. The company is a spin off of BioLucent.

NanoImaging Services Inc.

San Diego

www.nanoimagingservices.com

Amount/Round: $1.5M/NA

Investors: Merck Capital Ventures.

Details: Develops electron microscope imaging services.

Sabal Medical Inc.

Charleston, S.C.

www.sabalmedical.com

Amount/Round: $1.3M

Investors: Nexus Medical Partners (led), SC Launch, Medicis Ventures Management GmbH.

Details: Develops a medication tracking system using bar code verification. The funding is the first close of a $2.7M Series B round, according to a regulatory filing. Gregory Zaic, a senior partner of Nexus, has joined the board.

TherOx Inc.

Irvine, Calif.

www.therox.com

Amount/Round: $30M/J

Investors: Kleiner Perkins Caufield & Byers, Integral Capital Partners, New Science Ventures.

Details: Develops oxygen technology for the management of cardiovascular and neurovascular diseases. The company’s previous round was a $40M infusion in July 2005, and it has now raised more than $120M in total VC funding since 1995.

SECURITY

Identity Rehab Corp.

Denver

www.idwatchdog.com

Amount/Round: $3.7M/NA

Investors: NA

Details: The company, d.b.a. ID Watchdog, provides identity theft protection services. Aspenwood Capital served as placement agent.

SOFTWARE

Bluenog

Piscataway, N.J.

www.bluenog.com .

Amount/Round: $4M/A

Investors: NewSpring Ventures.

Details: Develops application infrastructure software. The company was founded in 2006 and was previously self-funded by the founders.

HiveLive Inc.

Boulder, Colo.

www.hivelive.com

Amount/Round: $5.6M/A

Investors: Grotech Capital Group.

Details: Develops social networking software. The company previously raised $2.2M from individual investors. Joseph Zell, a general partner with Grotech, has joined the board.

Peak8 Solutions

Boulder, Colo.

www.peak8solutions.com

Amount/Round: $5M/B

Investors: Lacuna Venture Capital.

Details: Develops software that improves the stability and performance of digital lifestyle products.

Pentaho Corp.

Orlando, Fla.

www.pentaho.com

Amount/Round: $12M/C

Investors: Benchmark Capital (led), Index Ventures, New Enterprise Associates.

Details: Develops open source business intelligence software. The company had previously raised $13M.

Proficiency Inc.

Marlborough, Mass.

www.proficiency.com

Amount/Round: $4.25M/NA

Investors: Catalyst Investment (led), Carmel Ventures, Pitango Venture Capital.

Details: Develops enterprise productivity software for collaborative engineering. The company has now raised nearly $60M in total VC funding since its 1998 inception.

TrueDemand Software Inc.

Los Gatos, Calif.

www.truedemandsoftware.com

Amount/Round: $2.7M/C

Investors: Bay Partners, CMEA Ventures, Mayfield Fund.

Details: Develops supply chain management software. The funding is the first close of a $4.4M Series C round, according to a regulatory filing. The company previously raised $14M in funding.

STORAGE

Incipient Inc.

Waltham, Mass.

www.incipient.com

Amount/Round: $15.6M/E

Investors: Globespan Capital Partners, GrandBanks Capital, HLM Venture Partners, Greylock, QuestMark Partners, Sigma Partners, Wasatch Advisors.

Details: Develops data storage software that runs on intelligent storage network devices. The company previously raised $79M in VC funding, beginning in 2001.

VIDEO

CrunchyRoll Inc.

San Francisco

www.crunchyroll.com

Amount/Round: $4M/A

Investors: Venrock

Details: Operates a video sharing website focused on anime. Venrock Partner David Siminoff has joined the board.

Dragonfly

New York

www.dragonfly.com

Amount/Round: $3M/A

Investors: Individual investors, including former Washington Redskins quarterback Joe Theismann; Ed Herrington (an investor in VistaPrint); and Menlo Park, Calif.-based angel investor David Solomon.

Details: Develops video delivery network.