Week in deals, March 31, 2008


Adimab Inc.

Lebanon, N.H.


Amount/Round: NA/B

Investors: Polaris Venture Partners, SV Life Sciences.

Details: Operates as an antibody discovery company.

Alimera Sciences



Amount/Round: $30M/C

Investors: BA Venture Partners, Polaris Venture Partners, InterSouth Partners, Domain Associates, Venrock.

Details: Develops over-the-counter and prescription ophthalmology drugs. The company previously raised about $40M in funding.

BioNanomatrix Inc.



Amount/Round: $5.1M/A

Investors: Battelle Ventures affiliate Innovation Valley Partners (led), KT Venture Group.

Details: Develops molecular imaging and analytic platforms for analyzing the genome. In addition to the Series A round, seed backers Ben Franklin Technology Partners and 21Ventures participated via debt conversion

LigoCyte Pharmaceuticals Inc.

Bozeman, Mont.


Amount/Round: $28M/C

Investors: Forward Ventures (led), JAFCO, Novartis Venture Fund, Fidelity Biosciences, MedImmune Ventures, Athenian Venture Partners, MC Life Sciences Ventures.

Details: Develops vaccines to treat norovirus and influenza.

Protein Discovery Inc.

Knoxville, Tenn.


Amount/Round: $10M/C

Investors: Sante Ventures (led), Memphis Biomed Ventures, the Southern Appalachian Fund, the Nashville Capital Network.

Details: Develops products that simplify biological sample preparation for mass spectrometry applications. Kevin Lalande, managing director of Sante Ventures, has joined the board.

Trius Therapeutics Inc.

San Diego


Amount/Round: $30M/B

Investors: Kleiner Perkins Caufield & Byers (led), FinTech Global Capital, Sofinnova Ventures, Versant Ventures, Interwest Partners, Prism VentureWorks.

Details: Develops antibacterial drugs. Risa Stack, partner at Kleiner Perkins, has joined the board.


Kleer Corp.

Cupertino, Calif.


Amount/Round: $7M/B

Investors: TL Ventures, U.S. Venture Partners.

Details: Makes fabless radio systems integrated circuits. The funding is the first close of a $13M Series B round, according to a regulatory filing. The company, f.k.a. ENQ Semiconductor, had previously raised about $30M.

Zensys A/S

Fremont, Calif.


Amount/Round: NA/NA

Investors: Panasonic.

Details: Provides integrated circuits, printed circuit boards and application development expertise for the control of electrical power points in the home. The company previously raised more than $44M from Intel Capital, Cisco Systems, Bessemer Venture Partners, Palamon Capital Partners and Sunstone Capital.


1336 Technologies

Lexington Mass.


Amount/Round: $12.4M/A

Investors: North Bridge Venture Partners, Polaris Venture Partners.

Details: Develops silicon solar cells. The company was spun out of MIT. Carmichael Roberts, general partner of North Bridge, and Bob Metcalfe, general partner of Polaris Venture Partners, has joined the board.


Bubble Motion Inc.

Mountain View, Calif.


Amount/Round: $14M/V

Investors: Comcast Interactive Capital, NCD Investors, Sequoia Capital, Sequoia Capital India.

Details: Develops voice SMS technology. Deepak Sindwani, principal at Comcast Interactive Capital, has joined the board.



Mountain View, Calif.


Amount/Round: $17.5M/C

Investors: TPG Growth.

Details: Operates an online comparison shopping site. The company raised a $7.2M Series B round in 2005 led by Trans Cosmos.


New York


Amount/Round: $12M/NA

Investors: Draper Fisher Jurvetson, Highland Capital Partners.

Details: Operates a social networking Web site for mothers. The company has no raised about $95M in funding.


San Mateo, Calif.


Amount/Round: $6M/B

Investors: Mayfield Fund (led), Pitango Venture Capital.

Details: Operates a website for users to reach product experts about answers to troubleshooting products. Raj Kapoor, managing director at Mayfield Fund and former CEO of Snapfish.com, has joined the board.

Mill River Labs

Mountain View, Calif.


Amount/Round: $900K/seed

Investors: Felicis Ventures, Kinsey Hills Group and individual investor Ron Conway.

Details: Operates online startup company database TradeVibes.

WePlay Inc.

New York


Amount/Round: $1.9M/A

Investors: Pequot Private Equity, Creative Artists Agency, Major League Baseball.

Details: Operates an online community focused on youth sports.


EnterpriseDB Corp.

Edison, N.J.


Amount/Round: $10M/C

Investors: IBM, Charles River Ventures, Fidelity Ventures, Valhalla Partners.

Details: Develops open-source enterprise database products. The company had previously raised $26.5M.


Retention Education Inc.

Aliso Viejo, Calif.


Amount/Round: NA/B

Investors: Ascend Venture Group, Ironwood Equity Fund, MK Capital, OCA Ventures.

Details: Provides language instruction materials, under the name Sed de Saber for teaching English and Spanish.


Pharmaca Integrative Pharmacy Inc.

Boulder, Colo.


Amount/Round: $20M/NA

Investors: Highland Capital Partners, Highland Consumer Fund, Physic Ventures.

Details: Operates a retail chain of integrative pharmacies.


Demand Media

Santa Monica, Calif.


Amount/Round: $35M/D

Investors: Goldman Sachs, 3i Group, Generation Partners, Oak Investment Partners, Spectrum Equity Investors.

Details: Operates as a Web media company focused on domain name aggregator and registrar. The funding brings the Series D to $135M. The company held a $100M first close last year and has now raised $355M since its March 2006 founding.


San Francisco


Amount/Round: $500K/A

Investors: Union Square Ventures (led), Knight’s Bridge Capital Partners and individual investors Naval Ravikant and Aydin Senkut.

Details: Provides blog services.

Retrevo Inc.

Sunnyvale, Calif.


Amount/Round: $8M/B

Investors: Alloy Ventures (led), Norwest Venture Partners.

Details: Operates a search engine for electronics. The company has now raised more than $12M since September 2006 from Alloy and Norwest.

Small World Labs

Austin, Texas


Amount/Round: $1M/A

Investors: Individual investor Jordan Rohan, of Clearmeadow Partners.

Details: Provides enterprise social media solutions and online community building expertise. The company expects the funding round will close within the next two months.

WebCollage Inc.

New York


Amount/Round: $10M/NA

Investors: Greylock Partners Israel (led), Sierra Ventures, Cedar Ventures, Gilde Investment Management.

Details: Provides online merchandising networks to manufacturers and their business partners. The company has raised more than $46M in total VC funding since its 2000 inception. Yoram Snir, partner at Greylock Partners Israel, has joined the board.


Breathe Technologies Inc.

Fremont, Calif.


Amount/Round: $15M/B

Investors: Kleiner Perkins Caufield & Byers (led), Synergy Partners International, Delphi Ventures, Life Science Angels.

Details: Develops medical devices that treat respiratory problems associated with chronic obstructive pulmonary disease. Beth Seidenberg, partner of Kleiner Perkins, has joined the board.

GlucoLight Corp.

Bethlehem, Pa.


Amount/Round: NA/C

Investors: Life Sciences Greenhouse, Robin Hood Ventures and individual investors.

Details: Develops non-invasive blood glucose monitor for home use by diabetic patients. The company previously raised about $8M in funding.

OptiMedica Inc.

Santa Clara, Calif.


Amount/Round: $16M/C

Investors: DAG Ventures, Kleiner Perkins Caufield & Byers, Alloy Ventures.

Details: Develops ophthalmic devices. The company previously raised about $10M from Kleiner Perkins and Alloy Ventures.


Durham, N.C.


Amount/Round: $13.5M/C

Investors: Alta Partners, Burrill & Co., SGAM, Ventech.

Details: Develops products for the process of chemical discovery and synthesis. The company has now raised about $57M in funding since 2000.

Spiration Inc.

Redmond, Wash.


Amount/Round: $18.5M/G

Investors: Versant Ventures (led), Olympus Medical Systems Corp., New Enterprise Associates, New Leaf Venture Partners, InterWest Partners, Investor Growth Capital, Three Arch Partners.

Details: Makes medical devices for patients with acute and chronic lung conditions. The company has now raised $97M since its 1999 formation.


Fidelis Security Systems

Bethesda, Md.


Amount/Round: $17M/B

Investors: Tudor Ventures (led), Ascent Venture Partners, Inflection Point Ventures, Maryland Department of Business and Economic Development.

Details: Develops enterprise network security solutions. The funding is the first call down of a $22M Series B round, according to a regulatory filing.


Action Engine Corp.

Bellevue, Wash.


Amount/Round: $6.2M/bridge loan

Investors: NA

Details: Develops a software platform for use with Web-enabled mobile devices. The company had previously raised $65M in VC funding, including a $20M Series E round last year from Baker Capital, Northwest Venture Associates and Spangler Group.

Aspect Software Inc.

Chelmsford, Mass.


Amount/Round: NA/NA

Investors: NA

Details: Provides call center customer interaction management software products and services. The company, which was founded in 1981, has been majority-owned by Golden Gate Capital since 2004.

BSG Alliance Corp.

Austin, Texas


Amount/Round: $43M/B

Investors: Oak Investment Partners.

Details: Develops on-demand enterprise software. The company had previously raised $20M from Foundation Capital, Hummer Winblad Venture Partners and Powershift Ventures. BSG also has made five acquisitions, the most recent of which was Iconixx Corp.

FinAnalytica Inc.



Amount/Round: $5M/NA

Investors: New Europe Venture Equity.

Details: Develops risk and portfolio management software. Investor New Europe Venture Equity is a Bulgarian venture firm.


Marlborough, Mass.


Amount/Round: NA/D

Investors: Advent International, Hudson Ventures.

Details: Develops enterprise management software. The company had previously raised about $19M from Advent, Hudson Ventures, 1 to 1 Ventures, First Albany Corp. and other investors.

RealPage Inc.

Carrollton, Texas


Amount/Round: $13.6M/A

Investors: Camden Partners, Advance Capital Partners.

Details: Develops Web-based property management software for the multi-family housing market. The company had previously raised more than $27M since 2003. Prior backers include Apax Partners and Leeds Equity Partners, with each firm still maintaining a board seat.


Dulles, Va.


Amount/Round: $10M/B

Investors: Mayfield Fund (led), Austin Ventures.

Details: Provides enterprise feedback management software and services. Rajeev Batra, principal at Mayfield Fund, has joined the board.


4DK Technologies Inc.

Herndon, Va.


Amount/Round: $1M/A

Investors: NA

Details: A startup that provides wireless connectivity services.

Tapioca Mobile

San Diego


Amount/Round: $5M/A

Investors: Venrock.

Details: Provides video and rich media delivery via mobile phones.

Viva Vision

San Diego


Amount/Round: $2M/NA

Investors: Medical Capital Corp.

Details: Provides original mobile video programming. The company has raised about $29M in funding since 1999 from Enterprise Partners Venture Capital and other investors.